Robespierre

Where Are the Bank Failures in This Financial Crisis?

on any asset that has any chance of being impaired.

So *on any asset*? Please if banks are that strong why don't they price to market instead of moving stuff to level 3?. The reason more banks haven't failed is because on your face tax payer support. Housing bottoming? Are you this naive?

What the Homebuilders Are Telling Us

Look at insider sales (TOLL) for instance and re-think your story...

Financial Crisis: Getting Old

To compare the financial problems of all these banks with Yahoo is just none sense as far as I remember Yahoo didn't have any "wink" "wink" off the books liabilities. Save this article an re-post in a couple of years and it may be true

Three Secular Shifts Changing Markets

Why would I care what Mr El-Erian has to say when the fund he manages needed an indirect tax payers bail out (Fre/Fan) not to get crushed? Does he really have any foretelling powers or is just good lobbying powers?

The Credit Crisis: Solvency vs. Liquidity, and Why Bailouts Won't Help

I wish this was like Enron but you see in that case people did actually went to jail or were sentenced to jail. I doubt that anyone other than the taxpayer will pay for this...

Nortel Networks: A History of Failure

So you are not an accountant as you indicated, by your comments on competitive advantage I can see you are not an engineer and you have or plan to have a position on NT (long or short). So tell me again how do you make a living? History teacher?

How the Fed Is Being Too Clever

So this guys are bankers or economist. Why are you so surprise that they care only about saving the financial companies and their officers?

The International Gold Rush: Bulls May Soon Be Rewarded

LarryH says: ..plus a buck might get us a cup of coffee.

What I really want to know is where do you get coffee for a buck?

Why the Housing Bill Won't Help the Housing Market

The bill is not to save housing but to save the banks by passing all that bad debt to tax payers.

News Flash: Major Market Turns Aren't Announced In Advance

Tom you should be a guest on that reality show: "last comedian standing". I definitely enjoy your sense of humor LOL

Thursday Outlook: Commodities, Emerging Markets

David White writes:
FNM and FRE own over half of the mortgages. We cannot afford for them to go under. Certainly some of the banks reported bad earnings. But even those seemed to forcast improvement in the near future (for example Wachovia).

So I have several questions for you:
Why can't we let them go under? We let real industries go under all the time and they create real wealth unlike fred/fani. Isn't letting bad companies fail the idea of free markets? Or are we now the new soviet union? And if they are too big to fail how is making them bigger good for the tax payers?

Also on bank's earnings: Why would you trust the banks forecast from the same banks that not long ago said all was well we need no new capital?

The SEC Panics

My guess is that we would not be in the mess we are if it had been possible to "short" houses in the first place. Funny thing about the SEC is that they only understand ever increasing prices. Like the rumors thing. People are acting on rumors because the rest of the "official" news are mostly lies so what's left but rumors? The SEC would do much better by going after the pumpers

Housing: Barron's Calls a Bottom

Well any "analysis", "news" etc that comes from a US based outfit has the credibility of Paulson when he says he wants a stronger dollar...

John Hussman: Is There a Possibility of $60 Oil?

What makes you think that say Libya or some of the other OPEC countries will not lower their supply to match the lower demand? How do you know that China will not use their reserves to start increasing their own strategic reserves once oil starts to drop in price?

Is Bernanke Hinting Something About the Fed's Rate Plans?

All this talk about the FED helping the markets here and there and propping the dollar and helping the banks etc etc etc.. Have we become the new Soviet Union? I guess free markets only applies when it comes for corporations to pay decent wages (above slave wages). Free markets no longer apply when the fat cats are getting hurt. hummm. Also how come there is no outsource of CEOs and CFOs and bankers jobs to say India or Vietnam where they are less expensive? Come to think of it how about the full congress outsource to low cost countries?