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    • Thu Sep 25th 09:28 AM | Rating: 0 0
      Commented on:
      Pimco's Bill Gross: Bailout Plan Benefits Main Street
      You'd think that the vast amounts of money sitting on the sidelines would jump at such a great opportunity. How much did Pimco make again on the Fannie Freddie Bail out -- was it $6B or was it $7B - I guess one good philanthropic turn deserves another -

      With the announcement of the Fannie bail out Gross stated that the Category 4 financial storm had been downgraded to a Tropical Storm -- what a difference a week makes...
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    • Thu Sep 25th 09:19 AM | Rating: 0 0
      Commented on:
      Bush's Speech: Surprisingly Coherent
      I posted this question elsewhere and would be very interested in a response. Bush focused on housing as the root of all evil "As a result, many mortgage holders began to default." My question is: What is the aggregate value of mortgages in default since the beginning of this crisis? Is it $700B - I have heard but can't find verification that it is closer to $100B --
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    • Thu Sep 25th 07:20 AM | Rating: 0 0
      Commented on:
      Re-Invigorate Main Street, Instead of Bailing Out Wall Street
      What's the aggregate value of mortgages in default since 2007?
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    • Wed Sep 24th 21:53 PM | Rating: 0 0
      Commented on:
      Don't Panic
      Yes and while the debate over McCain and Obama and the $700B bail out is underway-- guess what slipped through the House today in a 370-58 vote. A $25B package for the Auto industry - chump change

      www.ft.com/cms/s/0/83b...
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    • Wed Sep 24th 15:04 PM | Rating: 0 0
      Commented on:
      Bill Gross on the Bailout Plan
      If you want a real laugh - watch this interview on CNBC as Bill Gross explains how this is a great deal for tax payers (charts and all) and how much they will make. The best is the talking head doing the interview nodding in agreement like some bobble headed hood ornament.

      On the positive side Bill Gross offered his and Pimco's services free of charge to help manage the $700B (I guess his $6B profit on the Fannie bail out was part of the deal)

      www.cnbc.com/id/158402...
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    • Wed Sep 24th 13:06 PM | Rating: 0 0
      Commented on:
      Buffett Enters the Fray
      Hank: So I'll pencil you in for 5 Bill??
      Warren: Oh, OK, OK.
      Hank: For these terms, you know what this means right?
      Warren: I have to do CNBC.
      Hank: You bet. And Bloomberg, and CNN, and Oprah, and anyone else who will listen.....
      ______________________...
      Likely a pretty close transcript of the call to WB -- (what's interesting is that on FastMoney last night as the news broke they at the very same time plugged the CNBC Buffett interview this morning - how could they have known?)

      The hearings today made great use of the Buffett news and I must say the tone was far less antagonistic than yesterday.

      And the CNBC commentary on the bail out is even more objective than MSBC's political reporting .

      But here's my question: When the formal word goes out bail out is done - How many points on the Dow? How long will that last before the current lows are tested?
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    • Wed Sep 24th 09:52 AM | Rating: 0 0
      Commented on:
      Where's the Bottom? Still Anybody's Guess
      Great article, reminds me of the BCA Research commentatry from back on Sept '07 titled "An Inflection Point in the Debt SuperCycle"

      www.beearly.com/pdfFil...
      View article »
    • Wed Sep 24th 08:02 AM | Rating: 0 0
      Commented on:
      Buffett Enters the Fray
      Deja Vu -

      Feb 12, 2008 Markets Spike higher on Buffetts Offer

      This morning (Feb 12) on CNBC's Squawk Box, Warren Buffett publicly revealed for the first time that he has offered to reinsure $800 billion in municipal bonds now covered by the troubled insurers MBIA, Ambac and FGIC.

      www.cnbc.com/id/231261.../

      View article »
    • Tue Sep 23rd 19:04 PM | Rating: 0 0
      Commented on:
      Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing
      I wonder if the financial lobby has a position on the bailout? Perhaps some of the private dining rooms in DC hold the answer to that. Also with Buffett's just announced GS investment - are things really that bad?
      View article »
    • Tue Sep 23rd 13:23 PM | Rating: 0 0
      Commented on:
      Can Hank Paulson Lead?
      The difference between this and Iraq is that we do have verification this time around. As the comment above says this is just the beginning and it's starting to take on a surreal air... and even if something does get done this is still just the beginning
      View article »
    • Sun Sep 21st 18:35 PM | Rating: 0 0
      Commented on:
      Hank Paulson, Buy-Sider
      NEWSWEEK COVER:
      King Henry Treasury Secretary Paulson on Taxpayer Bailout: 'It's Very Unpleasant for Me, But It's a Lot More Attractive Than the Alternative' The Former CEO of Goldman Sachs has Emerged as Investment Banker in Chief; Says There Will be Housing and Mortgage Issues for Years; 'The Key is to Get Stability'

      www.marketwatch.com/ne...

      I think the after affects are at least partially known. "There Will be Housing and Mortgage Issues for Years" . If we get through the next couple of weeks without a total meltdown housing is still screwed - cause interest rates will be heading north (didn't someone say that housing has to be fixed before the economy can start to heal). Paulson said anything was better than the alternative - lets hope we don't get both.
      View article »
    • Sun Sep 21st 13:27 PM | Rating: 0 0
      Commented on:
      Perspectives for a Sunday: Market and Sectors
      Apart from any efforts from the PPT or residual short covering I am hesitant to even guess what the markets might look like by mid week. I expect that there will be some significant follow through in Asia a few hours from now but beyond that ....
      View article »
    • Sun Sep 21st 11:31 AM | Rating: 0 0
      Commented on:
      Oppose the Treasury's Bailout Plan
      I find it curious that in a two party universe some are trying to score political points when it is crystal clear that there has been a lack of leadership from both parties that goes back at least ten years. As the saying goes "people in glass houses..."
      View article »
    • Sun Sep 21st 10:52 AM | Rating: 0 0
      Commented on:
      Hank Paulson, Buy-Sider
      An interesting development (sourced from drudgereport.com):

      Foreign banks may get help
      By MIKE ALLEN | 9/21/08 7:24 AM EDT


      In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.

      The theory...

      www.politico.com/news/...

      View article »
    • Sat Sep 20th 19:00 PM | Rating: 0 0
      Commented on:
      If You Think the Dow Did Well Today, You're Wrong
      gabeborenstein states in his comment above:

      "...Friday's performance is ... is a measure of the investors approval ..."

      "There is a strong posibility that this short covering will turn into a broad based rally"
      ______________________...

      These two statements seem at odds with one another; am I missing something?
      View article »
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