22thoroughbred

It's 'pretty clear' a proposal to lend automakers $25B from the Treasury's $700B fund will fail, Republican Sen. Jon Kyl says. He accuses Democrats of trying to score points by pushing the bill now when it has no chance of passage. (previously)

I am so tired of hearing people say if the automakers fail there will be over 1 million unemployed, that's just stupid. First chapter 11 doesn't close their doors, they continue making cars nobody buys but they get to re-negotiate their debts, eliminate some factories, yes, layoff some employees and re-do some contracts. They could also sell some factories, plants and equipment to other companies that need it and stop being a large HMO for union employees. OH that's it, the unions are against it, now I understand. Chapter 11 is best for everyone except the union, so it should be allowed to happen.

The Winners Will Be Those Who Look to Gold and Commodities

To Dan Lewis James, I was having this conversation with someone today (11/11) and I think the inflation being caused by printing money today will hit the economy and thus interest rates in 4-5 years, so late 2012/2013. Right now with commodities dropping so quickly this is deflationary and will counteract the inflation issues for awhile, but once oil, nat. gas, copper, steel, etc. find their more appropriate levels the problems of the printing press will hit, and hard. I have been doing this since the mid 1980's so I've seen inflation come and go, I saw Treasury bonds still in circulation with 17-18% coupons (30 year bonds) and I think we will see 10-12% 10 year treasuries being issued. I saw those traesuries trading in the secondary market with prices over $2000 (double par) and higher. But to answer your specific question again 4-5 years.

Ten Highest Yielding Quarterly Dividend Stocks

You will get slammed for not giving more info on each stock listed, but that's because those that do want someone else to do all the work for them, this is an excellent list to START using as a shopping list if after more research the fundimentals work and the dividend is very safe, thanks for the ideas

Chesapeake Energy Unlikely To Remain this Cheap

I own the common, but have accumulated a nice size position in the pfd. class "E" (CHKpE) it pays a $15.64 annual dividend, or just a touch under 9% at $175.00, and is convertible. The pfd. traded as high as $535 in the last 12 months. When nat gas comes back there is a good chance the pfd. doubles to $350 within 12-18 months and there is a nice payout while you wait.

What Will Happen to Closed End Funds?

I would think CEF's holding commercial paper would come back the fastest followed by ones that hold Agency Paper, any cogent thoughts?

Feeling Brave? Try Foster Wheeler

Infrastructure stocks are not trading on fundamentals or prospects, they are being sold like the agri-business stocks, hedge fund liquidations, when they NEED to sell price, PE, backlog doesn't matter, nobody of size will buy into that selling, but when the selling is done, really big snap back. That's why the time to buy is when it just plain hurts. Buy 1/3rd posn now, 1/3rd posn down another 3-4 and the last 1/3rd down 3-4 from there, and wait till it hits $50 again in 12 months, that's how to make money.

Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?

Even if the FDIC waited for the bailout bill it would have ZERO effect on WM stock or shareholders, they would still get ZERO, so what's the basis of the statement, it is not even relevant

Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?

the FDIC was going to seize WN on Friday agternoon, that had been decided, a bank is NEVER told in advance to avoid a leak and assets running out the door, when it was leaked that this was decided (was leaked on Thursday) they came consumated the deal with JPM, obviously JPM knew about the situation and was given the info with the prospect of taking over WM on the week-end, yes this is all normal, minus the leak. There were also 3 other banks with the same access but they lacked the ability to make the decision immediately, Jamie Dimond made the call and got the bank. This is common, and seems to be the situation with WB this week, I know 2 banks (there are probably more) that have the same access with WB that was given with WM, and a decision is imminent, this will be a weekly occcurance going forward and will effect about 35-50 banks by November, and a necessary one, these banks need to be out of system.

You Can't Handle The Truth

I agree with Michael and have said almost the same things for weeks, I do have some cash just in case, what is interesting is those that say they don't want to hand Bush the money, don't they realize in approx. 35 days he won't be the president anymore and in about 100 days someone else will have the responsibility for the $700b, so it isn't Bush getting the cash, maybe Obama if he wins will donate it to his "church" and Rev Wright...now that's scary

Washington Mutual: Short Interest Update

I think at a $2-$3 price the risk/reward isn't there, especially knowing they are being shopped around. That may be the cause in the short posn. not increasing.

We've Crossed the Line from Capitalism to Socialism

So much foe a lucid reply. The 30 cent figure comes from transactions that have already been done. Also, the banks don't trade with eachother because they all have the 30 cent debt themselves, what help is it trading 30 cent debt for 30 cent debt. Obviously you belong to that "poorer" classand feel like you aren't getting your slice of that pie, sorry your self esteem is so bad and BTW jealousy is an ugly emotion. I well know what a plug is, in my wealthy neck of the woods it's what we do the the poorer halfs mama's that result in morons like you. Say hi to your mama.

We've Crossed the Line from Capitalism to Socialism

Bailout seems to be a nice catchy phrase, but does anyone remember when the gov't. bailed out Chrysler they made 10's of billions of dollars, and it's not a bailout for AIG, the gov't bought 79.9% of the co. which BTW increased in value by $15b on Friday, so the gov't will make billions there as well, and if anyone thinks the gov't will lose money buying debt at approx. 30 cents on the dollar and being able to hold it for 3+ years you are just drinking the kool-aid. Making a loan to AIG at LIBOR + 8.5% with 80% of the co. as collateral is not a bailout, especially if the co. has $150b portfolio of good assets but neess time to liquidate, time the market wasn't giving. With Bear Stearns the gov't. didn't write a check, they just said they would take some assets that couldn't be liquidated off the books of JP Morgan which is in essence doing the same as with AIG, the gov't has the staying power to wait, the individual companies do not. Any lucid replies?

Merger Arbs Balking at Merrill/BofA Deal

Ken Lewis never met a deal he didn't like, his ego wants to beat Jamie Dimond and his manhood wants to be bigger than Citibank, so the deal was done. My worry is that the SEC is letting BAC get to be "too big to fail" and we will have the same problems in 5 years that we are having now with AIG and LEH, etc. BAC will have the largest morgage dept, largest credit card dept and most bank branch foot print, aren't we creating another monster? BAC got nothing but assets with the Fleet purchase, zip with the Countrywide buy, didn't get much beside names and debits with MBNA and will get a brand name with Merrill, do you think the good high producing brokers want to work for BAC???

History Suggests the Financial Bottom May Be Near

Ken Lewis never saw a takeover he didn't like. He blew the Fleet takeover, got zip for that deal, except to settle lawsuits for insider trading by the Fleet specialists, settle lawsuits for inappropriate sales by the brokers, settle a lawsuit on selling ARPS, terminated everyone in the company, lost brokerage assets, lost some deposits (as is expected) bought Countrywide which he could have gotten free had he waited, and now paid a premium for Merrill which he didn't have to pay, than gives himself a raise and says the deal was too good to pass-up, eventhough every other bank passed them up. He will tur out to be as bad as Dennis Koslowski, minus the illegal stuff, he destroys solid businesses.

Foster Wheeler: Best-of-Breed Stock in a Beaten Down Industry

Einstein, I we would rather buy alongside the company to help reduce the float, if they take stock from weak hands it redusec sellers, if we can accumulate other stock at the same time, and we are not sellers, it reduces the number of weak hands and takes inventory away thus should pressure the stock up as float is reduced, there's the plan.