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Roger G McCorkle

Roger G McCorkle
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  • Step Up To 9.43% Yields In Newly Issued 5 Year Morgan Stanley Russian Ruble Bonds [View article]
    Yeah! Right! Guess why it pays 9.43%????

    Research the government's role of ad hoc interference when it likes, in any way that it likes, in Putin's Paradise.

    See if you can swap some of your HOT CDO mortgage-backed bonds for these beauties.
    Apr 17, 2012. 01:37 PM | Likes Like |Link to Comment
  • How Income Redistribution Could Help Stabilize The Economy [View article]
    The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn't seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late.
    ------Joseph E Stiglitz, NOBEL winner, economics, in the May 2011 Vanity Fair
    Years ago I had a friend who was born in Russia in 1908; he came to the US with the rest of his family in 1929. He always said: "If you want champagne and caviar, fine. Do well for yourself but leave something for the small people, otherwise the day will come when they decide to take it for themselves. No matter what your poition in life, you do not want to be around when that happens."

    Some people simply cannot understand the concept of enlightened self-interest. They will learn the hard way.
    Aug 31, 2011. 10:40 AM | 2 Likes Like |Link to Comment
  • Matt Taibbi vs. the SEC [View article]
    Someone once proposed that any SEC investigator who brought a successful prosecution should get a large bonus -- a million dollars or more. It would be money well spent.

    Add a provision that no SEC attorney or accountant could go to work for a SEC regulated company and you might have career SEC people who would do a bang-up job of nailing the culprits.
    Aug 19, 2011. 01:53 PM | 2 Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    The S&P statement covers a significant territory; however one of the more relevant comments is the following:

    "The political brinkmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. "
    Aug 6, 2011. 01:26 PM | Likes Like |Link to Comment
  • The Case Against Elizabeth Warren Heading Up Consumer Financial Protection Bureau [View article]
    This is the sort of Article that should make E Warren a "must have."

    Remember the bad old days when we had interest rate caps and a rising standard of living for almost everyone.
    Jul 22, 2010. 12:22 PM | Likes Like |Link to Comment
  • Double-Dip Recession Signs Materializing [View article]
    Nobody inside the Beltway -- pol or media's self appointed experts -- seems to "get it." When things get desperate they might wake up -- a day late and many dollars short.
    Jun 28, 2010. 10:08 AM | 21 Likes Like |Link to Comment
  • Judge Rakoff Throws Out BofA's Hypocrisy [View article]
    Rakoff is a voice in the wilderness!
    Jan 6, 2010. 12:03 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]

    On Apr 14 09:37 AM marketman54 wrote:

    > At least GS doesn't have any toxic mortgage assets, but what about
    > toxic credit defaults swaps?
    Nope! They sold all the mortgage backed paper to their customers, to help with the "Customer's Yachts."
    Apr 14, 2009. 10:00 AM | 2 Likes Like |Link to Comment
  • Bill Black on 'Top Elites': All Are Presently Committing 'Fraud' [View article]
    Great stuff. I watched Moyers Friday night on PBS.

    Of course, with my satirical mind:

    [Goes into Bank of American
    Me: Hi guys! I'm here to give you some business, I'm interested in borrowing $25,000.

    BAC: Fine, just fill out this credit application

    Me: Not necessary, I have the very best collateral. A thousand shares of your stock.

    BAC: The stock closed at $7.60. Your collateral is worth $7,600 max.

    Me: No, I paid over $40 a share in March 08. I have $40k collateral now that "mark to market" no longer applies.

    BAC: That only applies to OUR assets not YOURS!
    Apr 5, 2009. 04:14 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Greenspan read Atlas Shrugged and put it into action.[His first published work was a response in the NYT Book Review to a less than worshipful review. He spent years as as paid speaker for Ayn Rand's Nathaniel Brandon Institute.] The current mess is a result of ATLAS SHRUGGED idiots at the helm.

    On Nov 24 10:00 AM outofchips wrote:

    > 1. Institutions that make loans must retain responsibility for the
    > loans. The loans and the associated risks/rewards can't be bundled
    > and passed on to other agencies for investment purposes.
    > 2. Pass laws that make individuals responsible for their actions.
    > For instance, people who borrow money should be aware they have to
    > pay it back or there will be unpleasant consequences. Of course,
    > people who borrow should be made to realize how the loans are structured.
    > 3. NEVER allow solutions that are constructed at the expense of the
    > people who are not responsible for the problem. People who faithfully
    > make their loan payments should not be penalized for those who do
    > not, just as people who exercise, watch their diet and weight, and
    > take care of themselves should not be penalized for those who do
    > not take care of themselves. Never reward the people responsible
    > for the problem at the expense of those who were not.
    > 4. Be grateful for high achievers in our society. Respect them. Appreciate
    > them. They are the ones who invested extraordinary amounts of time,
    > energy, treasure, and sweat that has resulted in our having so much,
    > and they pay most of our country’s taxes.
    > 5. Read ATLAS SHRUGGED.
    > Peter Bennett
    Nov 24, 2008. 02:23 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    [Watched Murdoch]"...fantasize about the staff's quitting en masse as soon as he entered the sacred temple."

    I don't think that anyone could think that Rupert's dreams about the NYT could have anything to do with money. This is only about ego and his hopes of destroying a paper that expresses things that differ from his perception of the world as "it should be."
    Sep 3, 2008. 08:35 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Conversely, the spread between GDP and GDI (gross domestic income) is the biggest in the post World War II era, which may signal talk of an economic recovery is premature."

    This rather brings to mind Henry Ford's comment that "The workers have to make at least enough to buy a Ford."
    Aug 29, 2008. 09:24 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]

    You thought the Democrats controlled Congress? Thoughts and facts are two very different things. The Democrats have 50 seats in the Senate. Since Liberman caususes with the Democrates [ie spies for the Republicans] the Democrats get the chairmanships.

    However it takes 60 votes in the Senate for anything to pass.
    On this past Friday a bill to revise Medicare payments received:
    Yeah 54
    Nay 39
    Not voting 7
    Bill Failed.

    Try to get your facts straight. Thinking does not make it so.
    Jun 23, 2008. 01:42 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Re: GregoryY

    Considering that Soros makes more money in the markets in a week than Greenspan has in a lifetime, I think I know who opinion I value
    Apr 10, 2008. 02:21 PM | Likes Like |Link to Comment