Hoosier

In Praise of Suze Orman

Suze Orman doesn't deserve credit for anything. She states the basics and that's it. She dumbs down High School Finance 101, if that's even possible, and talks on her show about the same things every week. I cringe every time I hear someone advocate her work or think she is doing a good service. I watched a segment of hers and each caller had the more or less the same problem--they spend more than they make, and they call in and think suze can fix everything. All she does is convince them to save rather that spend. Good work Suze. I now immediately change the channel when I hear her annoying high pitched voice explaining what I learned from running a lemonade stand when I was 6 years old, take in more money than what goes out.


On Feb 11 03:17 PM raising4daughters wrote:

> The country would be much better off if people like Suze Orman and
> Dave Ramsey were calling the shots instead of blood-sucking Wall
> Street "titans" going to Washington through a revolving door. Paulsen
> and Geitner should be arrested, not paid.

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)

yes! thank you thoroughbred

Insights from a Derivatives Salesman

The real issue here guys, (that some of you understand) is money supply and otc markets. Loose money supply and lack of otc derivative regulation are the two causes of where we are at now. That is what i'm arguing. Anyone who participated in either of these activities was part of the problem. Exchange based derivatives solves one of those problems. The money supply issue is the fed. And until they stop making drastic interest rate moves all the time, we will not see bubbles end. Berkelybob---yes you are too simple minded. sudden sam..you clearly missed my point.

Insights from a Derivatives Salesman

The previous two responses could not be more wrong. Futures, options and other derivatives have use. Tell a farmer that they don't. Tell someone who has a substantial position in their company and can't sell it that they don't. Tell that to pension manager's/fund managers that need a way to protect ordinary workers hard earned retirement money. Second, bundling of mortgages allows for cheaper home ownership. Thank you 'managing editor' for your comments. Exchange is the issue. How many problems did you see with people participating in the exchange based model. There were losses, but trading continued and there were no defaults. Morph man- risk is quantified every day when the market opens. Risk has a supply and demand just as a market for a stock, house or whatever market you look at. My question to all these people putting down these financial products, why are you reading 'seeking alpha'? This is a website exactly for the people you supposedly despise. Thanks for the support and ad clicks to keep the site that promotes all these things you hate, up and running.

Lehman's Worth: Sinking Fast

einhorn is right. its going to zero. Without its asset mgmt business the firm is just a bunch of old chairs tables with an outdated trading platform

UBS: A Volatility Shudder

Call=Put. Open interest in puts doesn't signal a defensive play. If you were to bet the stock was going down, you would want to own calls as they would shift up the skew curve on a slide down.