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  • A First Look At How the SEC's Rules Are Working [View article]
    Are you still allowed to state the truth about a financial institution's finances?
    Sep 19 18:30 pm |Rating: 0 0 |Link to Comment
  • A First Look At How the SEC's Rules Are Working [View article]
    The SEC does not agree that it is "fine to short a stock". No concern if stock prices reach outrageous bubbles, however.
    Sep 19 07:06 am |Rating: 0 0 |Link to Comment
  • 10 Financial Entities On the Brink [View article]
    All the analysis you can stomach is in the links. This is an overview.
    Aug 23 03:17 am |Rating: 0 0 |Link to Comment
  • 10 Financial Entities On the Brink [View article]
    "Favorite" is clearly used in the odds-making and not personal sense.

    Just one little question for the bulls. Where will the 10,000,000,000,000 the US owes come from? No, I did not add any zeros.

    Most of our wealth is in our homes, no?

    Korea ain't interested in buying Lehman, and JPM has swallowed enough poison.
    Aug 23 03:11 am |Rating: 0 0 |Link to Comment
  • WaMu and More: Uninsured Depositors Begging for Trouble [View article]
    OK here's some more news. "Wall Street preferred subprime and no-doc loans because of the higher yield from securitization, so people who might otherwise qualify for a prime mortgage were told not to provide cocumentation". More riot inciting? No, just sworn testimony to Congress. Happy your 29 billion went to Bear Stearns' creditors?
    So sorry if you can't face the truth. Just get your news from television you'll sleep ok.
    Jul 26 07:01 am |Rating: 0 0 |Link to Comment
  • WaMu and More: Uninsured Depositors Begging for Trouble [View article]
    Hey, guess what. Two more banks failed quietly late friday (as always) Is this fear-mongering? No, just the facts.

    Here's a little law: perfectly legal to shout fire in a crowded theater when the theater is on fire. In fact, in some situations you may have a duty.

    My bank, now called TD Commerce, told me that my checking and savings accounts were each insured up to $100,000, which is a lie.

    Here's another one: major US commercial and investment banks are carrying hundreds of $billions in assets on or off their balance sheets that may be worth much less than they have written. Think that's manipulation? Sue me and let them prove otherwise in court.

    DISCLOSURE: I HAVE PUT OPTIONS ON MANY MAJOR FINANCIAL INSTITUTIONS BECAUSE I DON'T BELIEVE THEY ARE ADEQUATELY CAPITALIZED.
    Jul 26 06:07 am |Rating: 0 0 |Link to Comment
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