1worldcurrency's Comments 1worldcurrency's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/207782/comments Refinancing Boom Will Degrade MBS Quality Causing Yet More Bank Bailouts http://seekingalpha.com/article/139735-refinancing-boom-will-degrade-mbs-quality-causing-yet-more-bank-bailouts?source=feed#comment-519153 519153 Wed, 27 May 2009 06:57:07 -0400 AIG's Collapse: Was It Criminal? http://seekingalpha.com/article/133501-aig-s-collapse-was-it-criminal?source=feed#comment-480429 480429
]]>
Tue, 28 Apr 2009 06:50:00 -0400
]]>
Book Review: 'Financial Reckoning Day' by William Bonner, with Addison Wiggin http://seekingalpha.com/article/130412-book-review-financial-reckoning-day-by-william-bonner-with-addison-wiggin?source=feed#comment-458708 458708 Fri, 10 Apr 2009 09:14:43 -0400 Wells Fargo (WFC) reports  it earned $3 billion, or 55 cents a share, in the first quarter - well ahead of market estimates. Revenue rose an estimated 16% to $20 billion. Futures jumping on the news.  http://seekingalpha.com/news/market_currents/post/21521?source=feed#comment-457350 457350 Thu, 09 Apr 2009 09:04:13 -0400 Will the PPIP Bankrupt the FDIC? http://seekingalpha.com/article/130079-will-the-ppip-bankrupt-the-fdic?source=feed#comment-457224 457224
$250,000 for each depositor? The too big to fail banks are scrambling for that cash right now.]]>
Thu, 09 Apr 2009 05:18:43 -0400
$250,000 for each depositor? The too big to fail banks are scrambling for that cash right now.]]>
How Much Risk is the Treasury Really Assuming from Financial Institutions? http://seekingalpha.com/article/130011-how-much-risk-is-the-treasury-really-assuming-from-financial-institutions?source=feed#comment-457219 457219
Being unregulated instruments, no doubt the OCC knows the exact amount of notional outstanding. No one on Wall Street would ever lie.]]>
Thu, 09 Apr 2009 05:04:49 -0400
Being unregulated instruments, no doubt the OCC knows the exact amount of notional outstanding. No one on Wall Street would ever lie.]]>
The FASB Rally: More Dishonest Breathing Room For Banks http://seekingalpha.com/article/129289-the-fasb-rally-more-dishonest-breathing-room-for-banks?source=feed#comment-450437 450437 Modernize Treasury direct.
Any term, any denomination (already available). Teaser rate to get started.
Reduce temporary FDIC guarantee back to 100,000. Bye Bye banks.]]>
Fri, 03 Apr 2009 06:43:33 -0400 Modernize Treasury direct.
Any term, any denomination (already available). Teaser rate to get started.
Reduce temporary FDIC guarantee back to 100,000. Bye Bye banks.]]>
The Mark-to-Market Myth http://seekingalpha.com/article/129300-the-mark-to-market-myth?source=feed#comment-450429 450429 Let them pass the stress tests.
Fix too big to fail
Let them sink or swim.

Like we need these gamblers to lend us our tax money.]]>
Fri, 03 Apr 2009 06:32:30 -0400 Let them pass the stress tests.
Fix too big to fail
Let them sink or swim.

Like we need these gamblers to lend us our tax money.]]>
CDS Recoveries: Down and Out http://seekingalpha.com/article/128272-cds-recoveries-down-and-out?source=feed#comment-443817 443817
Oh, sorry, with a few improvements and complications we can keep the Ponzi liquid.

(*=putting out the oil fire by blowing up the well)]]>
Sun, 29 Mar 2009 04:10:54 -0400
Oh, sorry, with a few improvements and complications we can keep the Ponzi liquid.

(*=putting out the oil fire by blowing up the well)]]>
Should Healthy Banks Give Back Their TARP Funds? http://seekingalpha.com/article/127865-should-healthy-banks-give-back-their-tarp-funds?source=feed#comment-440532 440532

On Mar 25 04:46 PM Larrysyr wrote:

> How much money cycled from Treasury into AIG into Goldman?]]>
Thu, 26 Mar 2009 01:32:24 -0400

On Mar 25 04:46 PM Larrysyr wrote:

> How much money cycled from Treasury into AIG into Goldman?]]>
Marc Faber: 'It Will All End in Disaster' http://seekingalpha.com/article/127659-marc-faber-it-will-all-end-in-disaster?source=feed#comment-440151 440151
How could that end in disaster?]]>
Wed, 25 Mar 2009 16:23:51 -0400
How could that end in disaster?]]>
Should Healthy Banks Give Back Their TARP Funds? http://seekingalpha.com/article/127865-should-healthy-banks-give-back-their-tarp-funds?source=feed#comment-440135 440135
LET THEM FAIL]]>
Wed, 25 Mar 2009 16:13:57 -0400
LET THEM FAIL]]>
Berkshire Hathaway (BRK.A) keeps its AAA rating for now, but S&P lowers its outlook to Negative - signalling a possible downgrade within the year. Fitch has already downgraded Berkshire, which turns up the pressure on Moody's (MCO) - in which Buffett owns a 20.5% stake. http://seekingalpha.com/news/market_currents/post/20624?source=feed#comment-440120 440120 Cuomo's watching, crony pigs.]]> Wed, 25 Mar 2009 16:07:38 -0400 Cuomo's watching, crony pigs.]]> Congress: Shortsighted About Financials http://seekingalpha.com/article/127846-congress-shortsighted-about-financials?source=feed#comment-440027 440027
For Citi and JPM to say they're profitable when the real economy is in a downward spiral means only one thing:

The banks are looting the Treasury.]]>
Wed, 25 Mar 2009 15:08:38 -0400
For Citi and JPM to say they're profitable when the real economy is in a downward spiral means only one thing:

The banks are looting the Treasury.]]>
The New Face of Car Rentals http://seekingalpha.com/article/125992-the-new-face-of-car-rentals?source=feed#comment-434951 434951 Zipcar is overpriced, and if it goes public and tries to pay a dividend, good luck.]]> Sun, 22 Mar 2009 06:07:48 -0400 Zipcar is overpriced, and if it goes public and tries to pay a dividend, good luck.]]> The Toxic Assets Plan - Yes, It's a Subsidy http://seekingalpha.com/article/127129-the-toxic-assets-plan-yes-it-s-a-subsidy?source=feed#comment-434947 434947 Sun, 22 Mar 2009 05:51:48 -0400 The Making of Goldman Sachs http://seekingalpha.com/article/127085-the-making-of-goldman-sachs?source=feed#comment-434585 434585 Sat, 21 Mar 2009 15:31:29 -0400 The Making of Goldman Sachs http://seekingalpha.com/article/127085-the-making-of-goldman-sachs?source=feed#comment-434584 434584
Well done geniuses.]]>
Sat, 21 Mar 2009 15:31:12 -0400
Well done geniuses.]]>
AIG Bonuses Are Just the Tip of the Iceberg http://seekingalpha.com/article/126560-aig-bonuses-are-just-the-tip-of-the-iceberg?source=feed#comment-431842 431842 12,900 million direct to Goldman Sachs, who paid bigger bonuses.]]> Thu, 19 Mar 2009 03:19:25 -0400 12,900 million direct to Goldman Sachs, who paid bigger bonuses.]]> AIG's Blackmail Note http://seekingalpha.com/article/126213-aig-s-blackmail-note?source=feed#comment-428718 428718 12,900 million direct to Goldman Sachs ]]> Tue, 17 Mar 2009 03:02:10 -0400 12,900 million direct to Goldman Sachs ]]> India Risk Rises as Pakistan Unravels http://seekingalpha.com/article/125513-india-risk-rises-as-pakistan-unravels?source=feed#comment-424096 424096
What public corporation in history has EVER paid off all its debts and dissolved?]]>
Fri, 13 Mar 2009 05:34:07 -0400
What public corporation in history has EVER paid off all its debts and dissolved?]]>
Cramer Grilled on Jon Stewart http://seekingalpha.com/article/125804-cramer-grilled-on-jon-stewart?source=feed#comment-424089 424089 Fri, 13 Mar 2009 05:16:20 -0400 General Electric's Strange Days http://seekingalpha.com/article/125686-general-electric-s-strange-days?source=feed#comment-424043 424043 Fri, 13 Mar 2009 02:36:12 -0400 Pfizer (PFE) and Merck (MRK) proposed $41B merger - which will eliminate nearly 16,000 jobs - is being backed by banks (JPM, GS, C, BAC) that have received billions in TARP funds, leading some to question whether this is the best use of taxpayer dollars. "They shouldn't be using bailout money to get rid of people." http://seekingalpha.com/news/market_currents/post/19635?source=feed#comment-422203 422203 Wed, 11 Mar 2009 16:05:10 -0400 BofA, Wells Fargo: No Equity After Accounting for Bad Loans http://seekingalpha.com/article/124335-bofa-wells-fargo-no-equity-after-accounting-for-bad-loans?source=feed#comment-415403 415403 Fri, 06 Mar 2009 01:38:14 -0500 Who Will Replace Citigroup in the Dow? http://seekingalpha.com/article/124459-who-will-replace-citigroup-in-the-dow?source=feed#comment-415402 415402
If the Fed gives GS money at 0%, and they lend it to a working stiff at 3%, then they can securitize the loan, and securitize the securties................]]>
Fri, 06 Mar 2009 01:33:04 -0500
If the Fed gives GS money at 0%, and they lend it to a working stiff at 3%, then they can securitize the loan, and securitize the securties................]]>
Berkshire Hathaway: Worst Year Ever, and CDS Too http://seekingalpha.com/article/123304-berkshire-hathaway-worst-year-ever-and-cds-too?source=feed#comment-407396 407396 Sat, 28 Feb 2009 22:36:16 -0500 JPMorgan's Dividend Cut Is a Clever Move http://seekingalpha.com/article/122650-jpmorgan-s-dividend-cut-is-a-clever-move?source=feed#comment-403881 403881 Are you out of your mind?

$88 trillion ($88,000,000,000,000) gross notional derivatives exposure. That's the Treasury's number, not mine. Gee, I hope the counterparties can pay up on those default swaps. (Assuming JPM was on the right side...)

Newsflash: Crony Paulson is out: you don't pay dividends with TARP money any more. That looting is done.]]>
Wed, 25 Feb 2009 22:55:26 -0500 Are you out of your mind?

$88 trillion ($88,000,000,000,000) gross notional derivatives exposure. That's the Treasury's number, not mine. Gee, I hope the counterparties can pay up on those default swaps. (Assuming JPM was on the right side...)

Newsflash: Crony Paulson is out: you don't pay dividends with TARP money any more. That looting is done.]]>
Markets Applaud the Fed's Actions http://seekingalpha.com/article/122531-markets-applaud-the-fed-s-actions?source=feed#comment-403874 403874 Wed, 25 Feb 2009 22:49:52 -0500 Will Lack of Accord on Stimulus Obscure Economic Lessons? http://seekingalpha.com/article/120716-will-lack-of-accord-on-stimulus-obscure-economic-lessons?source=feed#comment-391107 391107
Unfortunately, this idealism is off to a rocky start..."

Unfortunately this article is off to a rocky start. Focusing on an ideology would be idealistic. Focusing on "what works" would be called pragmatic.
Pragmatism is not an ideology so much as a method.]]>
Mon, 16 Feb 2009 17:58:05 -0500
Unfortunately, this idealism is off to a rocky start..."

Unfortunately this article is off to a rocky start. Focusing on an ideology would be idealistic. Focusing on "what works" would be called pragmatic.
Pragmatism is not an ideology so much as a method.]]>