homogenik

Meredith Whitney: 'I Haven't Been This Bearish in a Year'

the market is irrational and given the sate of the real economy i would assume meredith is right. The market is being propped up by the govt and the usual schills from the wall st banks are brought out by cnbc to pump up the market and screw the public. The only company that seems to be doing well is goldman sachs due to the huge gifts they received from the state. Of course instead of paying say the AIG money back to the goveernment the greedy scumbags at golman are hell bent on rubbing everyones face in the dirt and paying themselves these undeserved bonuses

David Einhorn/Lehman Brothers: Another NYT Hatchet Job

Mr Tilson

Im now reading this again and want to thank you for your insight. I should also disclose that I went through both recent book and David Einhorns with a fine tooth comb and agree that Mr Einhorn was cold and analytical never inflammatory with respect to his analysis of Lehman. Yourself, Mr Einhorn and Chanos do a great public service

$33 Billion in Taxpayer Money Subsidized Wall Street Bonuses

You are right for the most part however goldman and jpm didnt need the bailout but were forced into it. I do object to the money from tax payors going to AIG and then goldman then goldman pays huge bonuses. What is upsetting is the bonuses being paid at citi, merrill etc when the firms completley imploded. It is also extremely upsetting that there have been no criminal prosecutions of executives at Lehman, Merrill and Bear Stearns where there may have been alleged cooking of the books. The government needs to determine was there massive accounting fraud at Lehman and these other firms and if so then when will there be indictments of Dick Fuld and its CFO

How Big Is High-Frequency Trading?

With respect to stat arb there are numerous strategies being attempted. Previously pairs trading was hugely profitable however when decimalization came in that helped to vastly reduce profits. Also the universe of actual bona-fide correlated pairs is extremely small (that is with stable correlations). Simultaneously arbs shops were trading the same pairs which has the effect of farmers crowding into the same potato field. I dont know what some of the huge hedge funds are doing but would guess that they are exploiting short term directional trends in tick data and applying probabilities to come up with very short term trading rules. However if a strategy is much more succesful because of the proximity of a hedge funds client server to an exchange then that has to be a dying business as internet bandwidth increases this "arb" which probably is technically computerized front running should dissappear.

BofA's State of Denial

Ken lewis should be arrested. His first duty is to his share holders not the american governement. Further more he has lied multiple times about the banks need for capital, it looks like he may also have lied in the paulson, lewis, bernanke he said he said fiasco.

He grossly overpaid for merrill lynch, performed zero due dilligence and lied about it. He is still lying today. Is that what it takes to be a successful ceo in amerca run your company into the ground while beinbg a lying. and while we are on the topic what did he know about the merrill lynch bonuses maybe both lewis and john thain may yet end up sharing a jail cell

On May 06 10:29 AM ralph schauss wrote:

> This whole stress- test business, under the leadership of the FED
> and the Treasury, is being played out in public like in a banana
> republic. The leaks to the press, by design or ineptitude, are truly
> flabbergasting. Last Monday 27th of April, there is a deliberate
> leak thru the WSJ to undermine Ken Lewis for WED 29th - pathetic
> ! Then estimates range from zero, to 60 to 70 to 100 billion and
> then back to USD 10 billion in new capital for BAC - all this being
> watched under the trustworthy eyes of the FED and the Treasury with
> no comment, no stop to a constant rampage of rumours . Here we are
> told by the Grandees of the FED and the Treasury , this is a highly
> serious, respectable and very confidential matter. But every new
> day there is a new leak, one day the Rupert Murdoch's WSJ, then the
> FT in London, then the NY Times - all this depicts a highly shambolic
> and chaotic management by the official Great and Good in Washington.
> Truly amazing, truly shocking for the the credibility of our public
> finance leaders. Sayonara to trust, credibility, and integrity<br/>
>
> Why do Ben and Tim not award a campaign medal of honour to Kern Lewis
> for having dsaved the US financial system from total collapse by
> gracefully doing the salvage of ML and C wide without holding a gun
> to the Fed's Chair ???
>
> Greetings from London UK by Ralph Schauss-
> even the FSA, the Treasury and BoE are dioing a better publich information
> act which is not plyaed out in the SUN , UK's leading rag sheet.

BofA's Capital Needs: More Obfuscation by the Media

you are exactly right in your analysis. The pundits on cnbc are out there everyday waving their pom poms cheerleading these banks but at the end of the day nothing has changed. These banks still need to raise capital either convert preferred sell assets or issue new equity. In the meantime the commercial real estate market is imploding as is the private equity market with all the debt that these geniuses issued as they overpaid for companies at the absolute peak of the market.

Dick Bove Says Banking Is Sound - Time to Buy Financials?

Before you start waving your pom poms for dick bove maybe you should check out his track record especially his recommendations in 08. Dick bove generally buried has had his head up his own ass for several years now

Cramer's Lucrative New Deal With TheStreet.com

Cramers track record sucks. His viewers are morons who listen to this bloviating fool in the meantime they are merely sheep being led to the slaughter. Cramer appeals to people who know very little and markets himself as an investment genius the problem is that some of his picks do well and others are disastrous. The average is no better than the sp since his show started.