jptao

DealBook breaks down the $2.3B bath the government takes on CIT Group's (CIT -62.3%) bankruptcy. Finance professor Linus Wilson says the government's TARP investment in the lender was never a good idea, in the red from the start.

Shocker!

According to a front-page article in today's New York Times, the lack of success of the government's program to ward off foreclosures is because mortgage companies are reluctant to give strapped homeowners a break and forfeit the lucrative fees they collect on delinquent loans.

Yeah that's why the government's plan isn't working. The New York Times said it so it must be true!

The world's wealthiest people are also the largest emitters of greenhouse gases, which is why a new study suggests basing targeted emission cuts on the number of rich people in a given country.

Keep taxing Atlas...

The biggest villains of the financial crisis. (HuffPo)

nice, leave out barney frank, chriss dodd, fannie, freddie, frank raines, etc. What did you expect from bluffpo. Please.

GM (GM) bondholders accept amended debt-for-equity offer. ((CNBC)) Details to follow. Stock halted at $3.11, up 170%. Maybe this is why it wasn't trading at $0.00 yesterday?

I don't believe it ever traded at $3.11 today. Shareholders get 10% not including warrants.

GM (GM) bondholders accept amended debt-for-equity offer. ((CNBC)) Details to follow. Stock halted at $3.11, up 170%. Maybe this is why it wasn't trading at $0.00 yesterday?

it never traded at 3.11.

Wall Street Breakfast: Must-Know News

Has anyone noticed global temperatures dropping since 1998? Once this global warming hoax is revealed for what it is I wonder what the power grabbers will come up with next? The 1970's saw the imminent "death misery" of an Ice Age. What'll it be now?

Commodities Should Profit from the Bailout Plan

"Didn’t solve the housing crisis—housing starts fell 6.2% in August (a 17-year low) while building permits fell 8.9%".
Isn't that looking in the rear window for progress? We didn't give the housing markets a fair chance to stabilize. I think it won't be at least until 2009 until we can accurately judge the ramifications. I think you're being a little presumptuous. You may be right but it's early.

Apple Guidance Can Turn Negative Sentiment on Its Head

I don't think the 717k iphone number includes 3G phones. I read they sold 1mm 3g phones in the first three days so that would expain the discrepancy.

Apple Guidance Can Turn Negative Sentiment on Its Head

The 717k iPhone number did not include 3G phones. I also heard they sold 1mm 3g phones during the first three days of release so I was a little confused.

3G iPhone: Growth and High Margins for Apple?

"MSFT: C#, a tired Java knock-off. "
I think that's actually the other way around.

Yahoo: Disband Quietly - Fast Money Recap (6/12/08)

MVL released Hulk not MRVL

Time to Buy Copper....Again?

What about the massive global infrastructure buildup over the last few years? Don't you think that had something to do with the run-up in copper prices?