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  • Wall Street Breakfast: Must-Know News [View article]
    I read Spectrulaters comments and am baffled by them. Spec, do you think green tech will advance on a system designed to trade CO2 credits? It's just a taxing scheme.
    You"re going to make Al Gore richer. Pickens just cancelled his big wind farm, and is doing much smaller projects. Doesn't that tell you something?
    Jul 10 03:35 am |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    That is exactly what is going to happen. The biggest banks that paid TARP want to buy the toxic assets of other TARP recipients. I also read a Bloomberg article some months back that CALPERS (The California Public Employees' Retirement System) intends to buy some of these toxic assets, and so does the public retirement system in MA. Unbelievable.

    On Jul 09 08:13 AM AndrewBaker wrote:

    > PPIP will make lots of money for the banks who will buy each other's
    > debt using bail-out funds and engineering a book profit on the written
    > down values, and then when all that money has gone we'll have stimulus
    > mark 2, giving them even more of our tax dollars to play with and
    > for the top people to get richer on. After that, the real losses
    > will come out and the poor stockholders will cry as they watch the
    > stock prices drop even more.
    >
    > One way to stop this cynical manipulatory plan is to sell bank and
    > financial stocks now whilst you can still get a reasonable price,
    > and in so doing preventing further unwarranted price increases.
    Jul 10 03:21 am |Rating: +2 0 |Link to Comment
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