David Martin

Paulson Pulls Back the TARP

The contrast with the Swedish full nationalisation of a bank the other day is instructive.
All the board was sacked and they will be lucky to escape prosecution, let alone collect bonuses.
Paulson is a grifter, and sadly Obama has surrounded himself with other grifters who created the mess in the first place and profited hugely by it.
I don't think these scam artists have got their head around the fact that if they avoid the rule of law, when the ponzi scheme crashes Judge Lynch is going to look for them and theirs.

Can Paulson Add $700B Worth of Value to the Mortgage Market?

This is not socialism. It is corporate fascism. All assets will be subject to the Fuhrer's confiscation should he deem it necessary, and no Court or other review is to be permitted.
This is a raw power grab, with one man to be in charge of the US.
And that man is not Obama or McCain.

Fed Is Likely to Make Money from Its Bank Buyouts

Correct. If it is the taxpayer that takes the risks, it is the taxpayer that should own the company.
It appears that Paulson is actually aiming at a financial dictatorship, where he can provide sweet deals for his buddies to get 'administration' fees whilst gutting the companies and landing the waste on the taxpayer, and all this with immunity to the law of the land and not subject to any review or check!
Nothing like this has been seen since the oligarchs stole the Russian economy.
These are thieves and scammers who seek to violate the American constitution.

Forget the Moral Outrage: Just Restore the Mortgage Markets

Yeah, Fannie and Freddie and the big 3 auto makers are such bargains that it is really weird that the only ones who want to 'invest' in them is politicians with the taxpayers money.

Forget the Moral Outrage: Just Restore the Mortgage Markets

Nothing encourages sin so much as mercy.
It is plain that whilst there is plenty of blame to go around, unless some of the originators of these ponzi schemes are held to account, we are asking for another mess.
Far from being allowed to scarper with fat bonuses, prosecutions should be brought for gross negligence, and in many cases false accounting.
This is a massive transfer of funds from the middle classes to the wealthy.
Hopefully Obama will level this, with large increases in taxes for them.
All that has happened from the ridiculously low effective tax rates the rich pay is that they put their money into bubble after bubble, which are then 'too big to be let collapse'.
Therefore the money needs stopping at source.
Over the past decade the rich have increased their income hugely - in fact they have looted just about all of the increase of productivity for the whole of society - does anyone seriously think that they have improved their performance?

Fannie and Freddie: Rising to Big Cash or Another Fake?

The conclusions of this article re not supported by any analysis, but are simply a statement of faith.
Worthless.

Fannie Mae: Why the Government Must Step In

Another attempt to privatise profits and socialise losses.
The first means to restore the profitability of these institutions would be to bring negligence and dereliction of duty charges against the executives of Fannie Mae and Freddie Mae and the rest of the bandits who were in cahoots with them in the lending industry for the recovery of their vast option profits, bonuses and severance payments.
Secondly, if they need a bailout, fair value of the shares is zero, not $14.
Weird that the author made no statement on conflicts of interest!

The Reign of Uncertainty in Financial Markets

You repeatedly post that you have not bothered to read articles, and then comment on them.
This simply makes your folly apparent.

Fannie, Freddie: What Paulson Learned From the Pentagon

So, 1776 to 2008 where it hasn't paid to short America.
Lets hope that the bear market does not last as long.

Some Scenarios for a Global Recession

It seems a bit weird to think that the deficit will be brought under control when neither presidential candidate has any proposals that will do anything other than worsen it, not to mention Bernanke having a free reign to bankrupt the country.
Wishful thinking aside, the US is clearly on route to a default, as the debts are beyond anything which might be payable.
In addition, the rise in oil prices is fundamentally due to production having been broadly static for the last 3 years, with rising demand not only in India and China but in the oil exporting countries leaving less surplus available for export.
It should be noted in this context that we have used more oil than has been discovered in every one of the last 30 years.
Energy supplies will become increasingly scarce and expensive over time, regardless of short term depression induced price falls.
The US stock market is overvalued by at least 2/3rds.