Warm_Paw's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/171079/comments http://seekingalpha.com/article/175051-when-cds-spreads-and-equity-prices-rise-in-tandem?source=feed#comment-779200 779200 Maybe sum it up in a statement the masses might understand.
Or are you actually saying anything?
I read alot of articles where nothing really was said.
Just time wasting drivel from some clown without a life.]]> Fri, 27 Nov 2009 01:37:00 -0500 Maybe sum it up in a statement the masses might understand.
Or are you actually saying anything?
I read alot of articles where nothing really was said.
Just time wasting drivel from some clown without a life.]]> http://seekingalpha.com/article/91423-banks-scramble-to-refinance-their-long-term-debt?source=feed#comment-775407 775407 If you dislike the reality of the situation, don't pick on the messenger.
I want to continue to be informed.
Positive news always makes me say "Yeah Right"
Negative news is hard to deliver, so it carries more weight in truth, in my opinion.
Bottom line is - there has been no transparency on where the banks are in ridding themselves of their toxic assets. The fact is, that is the heart of the crisis so just to go into denial on the subject did not make the problem go away.
The govt does not have another $700 billion to throw at this and it hasn't mitigated the damages because the banks have refused to write down the toxic assets in trying to put a positive spin on earnings. So toxic assets are still there, Fed dumping money into market has created Fed Bubble.
When Fed runs out of money - bubble gets pricked.
Banks who then can't get funding will fall like dominos.]]> Tue, 24 Nov 2009 12:34:21 -0500 If you dislike the reality of the situation, don't pick on the messenger.
I want to continue to be informed.
Positive news always makes me say "Yeah Right"
Negative news is hard to deliver, so it carries more weight in truth, in my opinion.
Bottom line is - there has been no transparency on where the banks are in ridding themselves of their toxic assets. The fact is, that is the heart of the crisis so just to go into denial on the subject did not make the problem go away.
The govt does not have another $700 billion to throw at this and it hasn't mitigated the damages because the banks have refused to write down the toxic assets in trying to put a positive spin on earnings. So toxic assets are still there, Fed dumping money into market has created Fed Bubble.
When Fed runs out of money - bubble gets pricked.
Banks who then can't get funding will fall like dominos.]]> http://seekingalpha.com/article/172966-what-about-citigroup-and-bofa-s-billions-in-deferred-tax-assets?source=feed#comment-757119 757119 It's an example of how complacent the regulating authorities are.
The book for the taxman is closer to true value than the bright shiny and deluded book handed to the investor.
It's called fraud in the criminal courts but hey, Wall Street writes their own rules. They're BIGGER than the Govt.
Citi's cooked - not just it's books. I'm sure what is being reported by Citi has been adjusted with the suspension of FASB rules so the situation is most likely worse than the rosy picture they're painting.
And with all the CFO's and CEO's declaring they're comfortable with their present situation, what else are they going to say?
"Oh My God!!!! We're going to Crash and Burn!"
They're trying to sucker the unsuspecting public into purchasing their worthless shares?
Recall these execs owning massive amounts of shares in disturbing compensation packages? The warm fuzzy feeling comes from knowing their compensation for driving three large US banks into the ground has less of an intrinsic value than Bathroom tissue.]]> Thu, 12 Nov 2009 10:57:19 -0500 It's an example of how complacent the regulating authorities are.
The book for the taxman is closer to true value than the bright shiny and deluded book handed to the investor.
It's called fraud in the criminal courts but hey, Wall Street writes their own rules. They're BIGGER than the Govt.
Citi's cooked - not just it's books. I'm sure what is being reported by Citi has been adjusted with the suspension of FASB rules so the situation is most likely worse than the rosy picture they're painting.
And with all the CFO's and CEO's declaring they're comfortable with their present situation, what else are they going to say?
"Oh My God!!!! We're going to Crash and Burn!"
They're trying to sucker the unsuspecting public into purchasing their worthless shares?
Recall these execs owning massive amounts of shares in disturbing compensation packages? The warm fuzzy feeling comes from knowing their compensation for driving three large US banks into the ground has less of an intrinsic value than Bathroom tissue.]]> http://seekingalpha.com/article/171986-u-s-handling-of-financial-crisis-a-less-optimistic-view?source=feed#comment-752444 752444 The problem is, Obama's been handed the problem and is listening to the people who created this problem and are lining their pockets on his presidency. Half of the bailout money was handed out pre Obama leaving Obama holding the bag in handing out the other half.
There's no way one wins a presidential election and can be up to speed with the finances of the country.
Bush handed Obama a time bomb.
The problem I have is that Obama continues down the path of his own destruction by not getting his own people, or even expert advice on what is occurring. He's relying on the crooks who did this to inform him. A fox watching the henhouse.
Even yet the people who are responsible for this systemic risk, fight regulation. Guess why that is?
Obama should let whatever institution that took the risk, fail.
Strong institutions are there to pickup business from the risk takers.
No one knows what the result would have been had these institutions had not been bailed out.
They've been bailed out and the average citizen is not enjoying any signifigant change because of that. Just the banks are enjoying survival at the expense of the tax payer.
A naive president believes everything everyone tells him when it offends the senses.
The emporer is wearing no clothes.]]> Mon, 09 Nov 2009 11:20:24 -0500 The problem is, Obama's been handed the problem and is listening to the people who created this problem and are lining their pockets on his presidency. Half of the bailout money was handed out pre Obama leaving Obama holding the bag in handing out the other half.
There's no way one wins a presidential election and can be up to speed with the finances of the country.
Bush handed Obama a time bomb.
The problem I have is that Obama continues down the path of his own destruction by not getting his own people, or even expert advice on what is occurring. He's relying on the crooks who did this to inform him. A fox watching the henhouse.
Even yet the people who are responsible for this systemic risk, fight regulation. Guess why that is?
Obama should let whatever institution that took the risk, fail.
Strong institutions are there to pickup business from the risk takers.
No one knows what the result would have been had these institutions had not been bailed out.
They've been bailed out and the average citizen is not enjoying any signifigant change because of that. Just the banks are enjoying survival at the expense of the tax payer.
A naive president believes everything everyone tells him when it offends the senses.
The emporer is wearing no clothes.]]> http://seekingalpha.com/article/171720-goldman-buffett-deal-with-fannie-mae-inked-a-month-ago?source=feed#comment-747914 747914 A movement should be started confining the president to one term if he blatantly stands by while Goldman and Buffet profit from the tax payer subsidizing losses to the banks.
This can't be legal?!?!?!
Aren't their people handling tax dollars who are accountable to the public?
What prevents anyone from lining his pockets through this kind of action?]]> Fri, 06 Nov 2009 10:06:52 -0500 A movement should be started confining the president to one term if he blatantly stands by while Goldman and Buffet profit from the tax payer subsidizing losses to the banks.
This can't be legal?!?!?!
Aren't their people handling tax dollars who are accountable to the public?
What prevents anyone from lining his pockets through this kind of action?]]> http://seekingalpha.com/article/171176-crude-oil-inventories-show-a-sharp-decline?source=feed#comment-744673 744673
3963 K > than 1500 K

That means an increase in inventory, not a decrease.

Oil prices at present are strictly tied to the value of the US Greenback. Everyone agrees the Fed is not going to raise rates, thus oil is not about to take a whipping.

Should the Fed raise rates, oil falls in price on the barrel.

I'm typing slow so you don't get this confused.... ;-)]]> Wed, 04 Nov 2009 13:54:32 -0500
3963 K > than 1500 K

That means an increase in inventory, not a decrease.

Oil prices at present are strictly tied to the value of the US Greenback. Everyone agrees the Fed is not going to raise rates, thus oil is not about to take a whipping.

Should the Fed raise rates, oil falls in price on the barrel.

I'm typing slow so you don't get this confused.... ;-)]]> http://seekingalpha.com/article/170470-how-much-did-goldman-know?source=feed#comment-740046 740046 How do you go about changing the existing situation when companies like Goldman blatantly rip the govt off yet do it inside the law?
If it's legal, there's not a damn thing you can do about it. Goldman knows that and THAT'S why it's blatant.
Now GS friends in Washington will create law if need be, that can be exploited.
The masses can act with their money - spend your money on main street, not wall street.]]> Mon, 02 Nov 2009 08:34:12 -0500 How do you go about changing the existing situation when companies like Goldman blatantly rip the govt off yet do it inside the law?
If it's legal, there's not a damn thing you can do about it. Goldman knows that and THAT'S why it's blatant.
Now GS friends in Washington will create law if need be, that can be exploited.
The masses can act with their money - spend your money on main street, not wall street.]]> http://seekingalpha.com/article/169040-the-secret-to-the-banking-sector-s-success?source=feed#comment-732098 732098 By the time the greenback's on par with the yen , CEO's will be demanding their bonuses in euros.]]> Tue, 27 Oct 2009 09:10:43 -0400 By the time the greenback's on par with the yen , CEO's will be demanding their bonuses in euros.]]> http://seekingalpha.com/article/167778-geithner-to-blame-for-outrageous-goldman-bonuses?source=feed#comment-723540 723540 Wed, 21 Oct 2009 11:07:39 -0400 http://seekingalpha.com/article/167808-fannie-and-freddie-not-worthless-yet?source=feed#comment-723491 723491 Speculating is fine, you'd have better luck in Vegas playing black jack, but after the next wave of Option ARMS coming to maturity it's going to be obvious the govt will bankrupt the country continuing to prop up the GSE's.]]> Wed, 21 Oct 2009 10:49:52 -0400 Speculating is fine, you'd have better luck in Vegas playing black jack, but after the next wave of Option ARMS coming to maturity it's going to be obvious the govt will bankrupt the country continuing to prop up the GSE's.]]> http://seekingalpha.com/article/167565-the-secret-paulson-goldman-meeting?source=feed#comment-722376 722376 How do we put such dim witted people into such positions of authority?!]]> Tue, 20 Oct 2009 14:02:49 -0400 How do we put such dim witted people into such positions of authority?!]]> http://seekingalpha.com/article/167565-the-secret-paulson-goldman-meeting?source=feed#comment-722374 722374 And who at Goldman Sachs wanted to meet with Mikhail Gorbachev?
And if Paulson and Goldman felt they could offer the russians disinformation, because the entire country is bugged, did they think the russians were that naive to believe everything they said at a meeting in Moscow?
The disinformation would be information to the russians.
I've heard grade school children with more sophisticated plot lines.]]> Tue, 20 Oct 2009 13:58:30 -0400 And who at Goldman Sachs wanted to meet with Mikhail Gorbachev?
And if Paulson and Goldman felt they could offer the russians disinformation, because the entire country is bugged, did they think the russians were that naive to believe everything they said at a meeting in Moscow?
The disinformation would be information to the russians.
I've heard grade school children with more sophisticated plot lines.]]> http://seekingalpha.com/article/167450-as-asset-valuations-soar-earnings-wobble-how-safe-is-banking?source=feed#comment-721648 721648
Let's start with question #1.
Of the top ten banks, how much toxic asset does each bank hold?

#2.
What is the book value for these assets?

#3.
What is the market value of these assets?

#4.
How many banks have suspended mark to market accounting?

#5.
If forced to sell these toxic assets, can these banks produce effective capitalization to meet their requirements?

#6.
Can these banks even calculate future losses on MBS' due to bundling?

#7.
When are the next wave of matuiry dates to occur?

There media people - answer these questions.

This should get GE on the ball and sell CNBC before the answers come out. hehe]]> Tue, 20 Oct 2009 03:53:36 -0400
Let's start with question #1.
Of the top ten banks, how much toxic asset does each bank hold?

#2.
What is the book value for these assets?

#3.
What is the market value of these assets?

#4.
How many banks have suspended mark to market accounting?

#5.
If forced to sell these toxic assets, can these banks produce effective capitalization to meet their requirements?

#6.
Can these banks even calculate future losses on MBS' due to bundling?

#7.
When are the next wave of matuiry dates to occur?

There media people - answer these questions.

This should get GE on the ball and sell CNBC before the answers come out. hehe]]> http://seekingalpha.com/article/167261-goldman-sachs-a-hybrid-hedge-fund-and-bookie?source=feed#comment-720626 720626 Paulson should be brought up to discuss his obvious conflict of interest. His selling of shares right before the bailout was actually humorous.
Goldman saw a loss coming and FASB suspending mark to market rules put a finger in the dyke.
It's just a finger. Gave Goldman time to avoid a loss.
Warren Buffet wasn't long snapping up distressed GS shares.
Doubled his money in less than a year.
These kids are playing behind the curtain long before the investing public knows what hit them.
But is it legal for the Fed to just arbitrarily bail these banks out using tax payer dollars?
There was never any systemic risk.
Companies boom or fail - it's the way of true market capitalism.
Now we have systemic risk - a trillion dollar deficit owed by people without jobs and foreclosing on their homes.
And a president fiddling with healthcare while the country picks up the tab on the biggest scam in history.
It's a farce!
The global businessmen probably think we need more muzzled grizzly bears wearing tutu's for our circus.
From Bush to Obama, one forgot and the other never knew....]]> Mon, 19 Oct 2009 11:58:27 -0400 Paulson should be brought up to discuss his obvious conflict of interest. His selling of shares right before the bailout was actually humorous.
Goldman saw a loss coming and FASB suspending mark to market rules put a finger in the dyke.
It's just a finger. Gave Goldman time to avoid a loss.
Warren Buffet wasn't long snapping up distressed GS shares.
Doubled his money in less than a year.
These kids are playing behind the curtain long before the investing public knows what hit them.
But is it legal for the Fed to just arbitrarily bail these banks out using tax payer dollars?
There was never any systemic risk.
Companies boom or fail - it's the way of true market capitalism.
Now we have systemic risk - a trillion dollar deficit owed by people without jobs and foreclosing on their homes.
And a president fiddling with healthcare while the country picks up the tab on the biggest scam in history.
It's a farce!
The global businessmen probably think we need more muzzled grizzly bears wearing tutu's for our circus.
From Bush to Obama, one forgot and the other never knew....]]> http://seekingalpha.com/article/167074-too-big-to-fail-even-greenspan-is-speaking-out?source=feed#comment-720564 720564 Obama's just this token black guy puppet.
I think Obama's coming to realize that.
When the REAL power says SHIT! he comes slidin']]> Mon, 19 Oct 2009 11:28:58 -0400 Obama's just this token black guy puppet.
I think Obama's coming to realize that.
When the REAL power says SHIT! he comes slidin']]> http://seekingalpha.com/article/167001-where-is-the-line-between-conventional-banking-and-pure-trading?source=feed#comment-717725 717725 I doubt the toxic assets have even been dented.
Goldman has discussed purchasing these assets yet anyone stricken with them does not want to sell them at firesale prices for fear of the damage to the balance sheet and the mad scramble to increase reserves. Now if Goldman believes it can purchase mortgages on pennies to the dollar and that the real estate market will just jump back to the 2005 era, they're delusional.
Unemployment, govt defecit and the loss of billions of dollars of market value are going to keep that from happening.
The pre 2005 easy money era was stoked by crazy lending practices and if we repeat that mistake again the next hit will be hell to pay. The govt is creating legislation to make lending practices accountable.
The govt should never have bailed out anyone and let a free market system correct itself. The destruction of what doesn't work into the rebuilding of that which is more efficient and stronger.
Because the govt has subsidized the crooks going against logic and the natural order of such events in financial systems, the economy is going to hang in limbo, on life support, until a time when the next waves of destruction reset the financial system to a base level which is then ready to build itslef up from the ashes.
It's inevitable.]]> Fri, 16 Oct 2009 12:50:25 -0400 I doubt the toxic assets have even been dented.
Goldman has discussed purchasing these assets yet anyone stricken with them does not want to sell them at firesale prices for fear of the damage to the balance sheet and the mad scramble to increase reserves. Now if Goldman believes it can purchase mortgages on pennies to the dollar and that the real estate market will just jump back to the 2005 era, they're delusional.
Unemployment, govt defecit and the loss of billions of dollars of market value are going to keep that from happening.
The pre 2005 easy money era was stoked by crazy lending practices and if we repeat that mistake again the next hit will be hell to pay. The govt is creating legislation to make lending practices accountable.
The govt should never have bailed out anyone and let a free market system correct itself. The destruction of what doesn't work into the rebuilding of that which is more efficient and stronger.
Because the govt has subsidized the crooks going against logic and the natural order of such events in financial systems, the economy is going to hang in limbo, on life support, until a time when the next waves of destruction reset the financial system to a base level which is then ready to build itslef up from the ashes.
It's inevitable.]]> http://seekingalpha.com/article/166329-why-did-meredith-whitney-downgrade-goldman-sachs?source=feed#comment-714648 714648 My guess is that so Goldman can short itself and make even more profit.
If they were to downgrade themselves, it would look too obvious.
And then once they've taken a hit for a strike date or two, why they could cover puts against themselves and as their share price once again climbs, they could pocket the premiums.
Did Meredith Whitney actuall say "why be greedy"???
This is investing - if one were not greedy, one would use their money to feed the homeless.]]> Wed, 14 Oct 2009 03:39:58 -0400 My guess is that so Goldman can short itself and make even more profit.
If they were to downgrade themselves, it would look too obvious.
And then once they've taken a hit for a strike date or two, why they could cover puts against themselves and as their share price once again climbs, they could pocket the premiums.
Did Meredith Whitney actuall say "why be greedy"???
This is investing - if one were not greedy, one would use their money to feed the homeless.]]> http://seekingalpha.com/article/166235-if-a-bubble-bubble-bursts-off-the-balance-sheet-will-anyone-be-there-to-hear-it?source=feed#comment-713897 713897 I doubt the powers that be wish to discuss the truth until the American public has taken these toxic assets off the banks books.
The FASB accounting rules are allowing the suspension of mark to market accounting until March 2010.
Jan 2010 is the next tidal wave of Option A loans and I doubt the Fed has another 700 Billion to deal with this wave.
Whoever thinks the recession is over may be correct in that the world may need to consume at a marginally higher rate, but the money and employment isn't there. The world will starve at a higher rate. The dollar falling apart may bring employment to America but only if textile mills and manufacturing return to the USA.
The bottom line - America, with unionized wages could afford big ticket items. Then manufacturing was offshored to China, India and Mexico for workers earning $2 a day. America lived on it's line of credit and home equity loan (second mortgage).
We import everything cheaper than we can produce it.
Now that we're broke - $2 a day workers are getting layoff notices.
All the big money Wall St. crooks reinvested the wealth amassed in shady back room deals and the resulting destruction has wiped out their profit. Now we're unemployed and can't live off the profits of the shady investing practices.
Bundling MBS's that weren't AAA grade and stamping them AAA has caused huge systemic chaos to the financial system.
I've heard the bundling and writing CDS's for these MBS's was legal.
There's a law which would deal with what has occurred.
Everyone involved should be charged with treason...]]> Tue, 13 Oct 2009 11:23:50 -0400 I doubt the powers that be wish to discuss the truth until the American public has taken these toxic assets off the banks books.
The FASB accounting rules are allowing the suspension of mark to market accounting until March 2010.
Jan 2010 is the next tidal wave of Option A loans and I doubt the Fed has another 700 Billion to deal with this wave.
Whoever thinks the recession is over may be correct in that the world may need to consume at a marginally higher rate, but the money and employment isn't there. The world will starve at a higher rate. The dollar falling apart may bring employment to America but only if textile mills and manufacturing return to the USA.
The bottom line - America, with unionized wages could afford big ticket items. Then manufacturing was offshored to China, India and Mexico for workers earning $2 a day. America lived on it's line of credit and home equity loan (second mortgage).
We import everything cheaper than we can produce it.
Now that we're broke - $2 a day workers are getting layoff notices.
All the big money Wall St. crooks reinvested the wealth amassed in shady back room deals and the resulting destruction has wiped out their profit. Now we're unemployed and can't live off the profits of the shady investing practices.
Bundling MBS's that weren't AAA grade and stamping them AAA has caused huge systemic chaos to the financial system.
I've heard the bundling and writing CDS's for these MBS's was legal.
There's a law which would deal with what has occurred.
Everyone involved should be charged with treason...]]> http://seekingalpha.com/article/165849-bank-earnings-reality-check-ahead?source=feed#comment-712422 712422 Timothy Long has it correct about the credit cycle.
Unwinding toxic assets has been deferred.
The crisis is still underlying. The banks don't want to unwind them because they will have to find money to increase their capital reserves. The Fed isn't pushing the matter because only maturity of the toxic assets will indicate how bad the situation is and the hope is time will let these securities unwind themselves.
The next wave of Option Arm is Januaty 2010 so markets could go higher until then. It is a sucker's rally though. The higher the markets go, the more the unwitting fool is to lose come 2010.
What if the situation is ten times worse than forcasted?
No one truly knows what these bundled MBS are truly worth until they're unwound. The real estate market is in shambles and people are still foreclosing, only commercial properties are tanking now.
High unemployment is adding to the fray.
Of course greed is a strong emotion and the masses invest without a clue as to what is occurring around them. One would think with existing losses they'd stay away from markets.
It must be the desire to lose.]]> Sun, 11 Oct 2009 09:04:12 -0400 Timothy Long has it correct about the credit cycle.
Unwinding toxic assets has been deferred.
The crisis is still underlying. The banks don't want to unwind them because they will have to find money to increase their capital reserves. The Fed isn't pushing the matter because only maturity of the toxic assets will indicate how bad the situation is and the hope is time will let these securities unwind themselves.
The next wave of Option Arm is Januaty 2010 so markets could go higher until then. It is a sucker's rally though. The higher the markets go, the more the unwitting fool is to lose come 2010.
What if the situation is ten times worse than forcasted?
No one truly knows what these bundled MBS are truly worth until they're unwound. The real estate market is in shambles and people are still foreclosing, only commercial properties are tanking now.
High unemployment is adding to the fray.
Of course greed is a strong emotion and the masses invest without a clue as to what is occurring around them. One would think with existing losses they'd stay away from markets.
It must be the desire to lose.]]> http://seekingalpha.com/article/165739-the-dow-ominous-parallels-to-the-1929-1930-era?source=feed#comment-710405 710405 It wasn't making sense to me.
Past performance is no indication of future performance.
I will say this, the truth about banks and AIG has been suspended.
As long as transparency is deferred, the market will chug higher.
But the truth will come out and then the picture won't be so rosy.
As for AIG, the only reason it's still trading is the Fed.
It's the Feds way of using tax dollars to insure the Credit Default Swaps. Is AIG still a company that earns money - NO.
At this point in time - with the banking system broking - I can only wonder how the DOW is around 9500?
It should be at 5000 and that's being generous. It's probably the influx of govt stimulus floating the market.
No one has a clue what earnings are anymore, if not suspended, earnings are being skewed by accounting changes.
Until the smoke and mirrors susbside, an investor is on a slippery slope putting their money in. No matter what you buy, should the truth surface, you will lose.]]> Fri, 09 Oct 2009 11:18:16 -0400 It wasn't making sense to me.
Past performance is no indication of future performance.
I will say this, the truth about banks and AIG has been suspended.
As long as transparency is deferred, the market will chug higher.
But the truth will come out and then the picture won't be so rosy.
As for AIG, the only reason it's still trading is the Fed.
It's the Feds way of using tax dollars to insure the Credit Default Swaps. Is AIG still a company that earns money - NO.
At this point in time - with the banking system broking - I can only wonder how the DOW is around 9500?
It should be at 5000 and that's being generous. It's probably the influx of govt stimulus floating the market.
No one has a clue what earnings are anymore, if not suspended, earnings are being skewed by accounting changes.
Until the smoke and mirrors susbside, an investor is on a slippery slope putting their money in. No matter what you buy, should the truth surface, you will lose.]]> http://seekingalpha.com/article/165045-are-banks-as-good-as-goldman?source=feed#comment-704945 704945 Tue, 06 Oct 2009 10:06:26 -0400 http://seekingalpha.com/article/164678-survivor-s-bounce-coming-to-an-end?source=feed#comment-703663 703663 The market is having a hard time sustaining the DOW's level without fundamentals.
The surge in the DOW is all stimulus.
The stimulus just neutralized toxic assets. It didn't add value to existing stocks.
I see a DOW 6000 before OCT ends.
You'd learn AIG lost $20 a share for this quarter if it weren't for the fact the govt owns it in conservatorship.
The DOW can't get past 10,000 because there's no real intrinsic value for it to do so.]]> Mon, 05 Oct 2009 10:45:34 -0400 The market is having a hard time sustaining the DOW's level without fundamentals.
The surge in the DOW is all stimulus.
The stimulus just neutralized toxic assets. It didn't add value to existing stocks.
I see a DOW 6000 before OCT ends.
You'd learn AIG lost $20 a share for this quarter if it weren't for the fact the govt owns it in conservatorship.
The DOW can't get past 10,000 because there's no real intrinsic value for it to do so.]]> http://seekingalpha.com/article/164208-fdic-a-new-concern-for-bank-liquidity?source=feed#comment-698616 698616 It would be nice if they just bounced back to pay back the Fed.
Where else does the govt stow these toxic assets until they can be unwound and their true worth discovered?
As for Goldman, Paulson saved their backsides.
They should be the sole bank that gives money to the FDIC.
They pay all the banks installments.]]> Thu, 01 Oct 2009 12:07:54 -0400 It would be nice if they just bounced back to pay back the Fed.
Where else does the govt stow these toxic assets until they can be unwound and their true worth discovered?
As for Goldman, Paulson saved their backsides.
They should be the sole bank that gives money to the FDIC.
They pay all the banks installments.]]> http://seekingalpha.com/article/164332-paulson-was-willling-to-consider-anything-to-save-goldman?source=feed#comment-698600 698600 I blame Greenspan for what is happening - back to politics.
Is there an agency that is objective and can maintain focus on it's charter as opposed to caving in to influence by those who employ them?]]> Thu, 01 Oct 2009 12:00:32 -0400 I blame Greenspan for what is happening - back to politics.
Is there an agency that is objective and can maintain focus on it's charter as opposed to caving in to influence by those who employ them?]]> http://seekingalpha.com/article/163949-are-investors-hoping-for-a-coal-etf-in-their-stocking-this-year?source=feed#comment-695647 695647 I'm an investor and I do not want a coal ETF in my stocking or anywhere near my portfolio.
Our super tankers runneth over. Why not spare the planet and reduce coal emissions.
GE is the buy - think windmills. Think electric. Think Gradnchildren - think poar bears.
Let's get away from black lung and buried coal miners.]]> Tue, 29 Sep 2009 13:42:12 -0400 I'm an investor and I do not want a coal ETF in my stocking or anywhere near my portfolio.
Our super tankers runneth over. Why not spare the planet and reduce coal emissions.
GE is the buy - think windmills. Think electric. Think Gradnchildren - think poar bears.
Let's get away from black lung and buried coal miners.]]> http://seekingalpha.com/article/163739-rim-option-trade-update-bears-circling-the-stock?source=feed#comment-695251 695251 The above article is a good indication as to why the stock is being downplayed. Options Trading.
No doubt Goldman must be holding the same positions as Mr. Hannon.
The next earnings will rocket to the upside, then the downside etc.
Whatever direction goes against public thinking allowing the insider to benefit.
This is why people aren't investing.
It's not about fundamentals anymore, it's about manipulation.
Smart money starts their own business hands on and stays away from the crooks on Wall St.]]> Tue, 29 Sep 2009 11:01:30 -0400 The above article is a good indication as to why the stock is being downplayed. Options Trading.
No doubt Goldman must be holding the same positions as Mr. Hannon.
The next earnings will rocket to the upside, then the downside etc.
Whatever direction goes against public thinking allowing the insider to benefit.
This is why people aren't investing.
It's not about fundamentals anymore, it's about manipulation.
Smart money starts their own business hands on and stays away from the crooks on Wall St.]]> http://seekingalpha.com/article/163851-are-banks-being-naughty-again-with-derivatives-could-be-good?source=feed#comment-695208 695208 AIG could see a loss of -$3 to -$20 a share.
Intrinsic value is probably in the negatives already.
I can only wonder who is purchasing their shares?
The banks don't have a choice on trying to earn their way out of this.
That's what's occurring. Money's being dumped in to create value to mitigate losses.
That means that once money starts to flow, it will be removed from the markets where it can. That means sideways if not stagnant recovery.
My question is, if each individual on the planet is balance their books and be fiscally responsible, why can't governments do it?
Or is capitalism one big defecit to bankruptcy, only to start again once prices inflate?]]> Tue, 29 Sep 2009 10:31:16 -0400 AIG could see a loss of -$3 to -$20 a share.
Intrinsic value is probably in the negatives already.
I can only wonder who is purchasing their shares?
The banks don't have a choice on trying to earn their way out of this.
That's what's occurring. Money's being dumped in to create value to mitigate losses.
That means that once money starts to flow, it will be removed from the markets where it can. That means sideways if not stagnant recovery.
My question is, if each individual on the planet is balance their books and be fiscally responsible, why can't governments do it?
Or is capitalism one big defecit to bankruptcy, only to start again once prices inflate?]]> http://seekingalpha.com/article/159518-berkshire-comes-to-aig-xl-s-rescue-a-win-win?source=feed#comment-694167 694167 I see AIG fattening up for it's next earnings report.
Unless FASB allows AIG to really get creative with their accounting, I see AIG at $5 a share in two months.
Their loss appears to be between -$6 to -$20 a share.
If they don't have to report in conservatorship, I guess that's a good thing. But they were -$38 billion at last count in share value, how low can a company go into the negatives and still be functioning?
Anyone purchasing the stock has to be on medication...]]> Mon, 28 Sep 2009 14:15:55 -0400 I see AIG fattening up for it's next earnings report.
Unless FASB allows AIG to really get creative with their accounting, I see AIG at $5 a share in two months.
Their loss appears to be between -$6 to -$20 a share.
If they don't have to report in conservatorship, I guess that's a good thing. But they were -$38 billion at last count in share value, how low can a company go into the negatives and still be functioning?
Anyone purchasing the stock has to be on medication...]]> http://seekingalpha.com/article/163609-cds-curves-moving-to-pre-crisis-normal?source=feed#comment-692817 692817 I'll be so happy to get back into Credit Default Swaps.
I know how safe I am now that the Fed is the ultimate insurer.
I can't lose.
I could speculate in pure garbage and the taxpayer will expense my stupidity.
Problem is, I'm not sure if the insurance companies are going to be around long enough for the govt to continue bailing out.
If that wasn't an issue - hey CDS' are a great investment!!!]]> Sun, 27 Sep 2009 07:43:01 -0400 I'll be so happy to get back into Credit Default Swaps.
I know how safe I am now that the Fed is the ultimate insurer.
I can't lose.
I could speculate in pure garbage and the taxpayer will expense my stupidity.
Problem is, I'm not sure if the insurance companies are going to be around long enough for the govt to continue bailing out.
If that wasn't an issue - hey CDS' are a great investment!!!]]> http://seekingalpha.com/article/163512-taylor-bean-a-cautionary-tale-for-ginnie-mae?source=feed#comment-692260 692260 On a crisis of this size, those toxic assets have to go somewhere.
The GSE's are the logical dumping ground.
The toxic assets are close to worthless only while everyone abandons their mortgage. If these mortgages were left in a pile somewhere until each mortgage was allowed to either come to maturity or be defaulted on, the existing mortgage backed toxic assets would then find one third of their value as worthless, one third reduced and one third of quality value.
The GSE's are a staging area just to seperate the toxic assets.
They can't be unwound until they come due or are defaulted upon.
Any toxic asset where the original borrowers continue to meet payment, isn't a toxic asset. Only time will allow discovery.
If all three GSE's - Ginnie, Fannie and Freddie were to hold all the toxic assets, the banks would be freed. The govt continues to prop up the GSE's until the toxic assets are unwound. Quality MBS's would remove the GSE's losses as they're seperated. Partial losses and total losses leave the GSE's with the property to now hold instead of the securities. Who better to organize that transition than Ginnie, Fannie and Freddie?
Who better to resell to when the banks are restored in balance sheet and capable of lending money to home buyers?
The alternative was the collpase of the financial system of America and many countries around the world.]]> Sat, 26 Sep 2009 15:39:48 -0400 On a crisis of this size, those toxic assets have to go somewhere.
The GSE's are the logical dumping ground.
The toxic assets are close to worthless only while everyone abandons their mortgage. If these mortgages were left in a pile somewhere until each mortgage was allowed to either come to maturity or be defaulted on, the existing mortgage backed toxic assets would then find one third of their value as worthless, one third reduced and one third of quality value.
The GSE's are a staging area just to seperate the toxic assets.
They can't be unwound until they come due or are defaulted upon.
Any toxic asset where the original borrowers continue to meet payment, isn't a toxic asset. Only time will allow discovery.
If all three GSE's - Ginnie, Fannie and Freddie were to hold all the toxic assets, the banks would be freed. The govt continues to prop up the GSE's until the toxic assets are unwound. Quality MBS's would remove the GSE's losses as they're seperated. Partial losses and total losses leave the GSE's with the property to now hold instead of the securities. Who better to organize that transition than Ginnie, Fannie and Freddie?
Who better to resell to when the banks are restored in balance sheet and capable of lending money to home buyers?
The alternative was the collpase of the financial system of America and many countries around the world.]]>