bindlepete

Congressman Grayson: SIGTARP Report Shows Danger of Secret Bailouts

He is a Committee Member that is driving his Chairman Barney Frank bats--t. Nice to have Mr. Grayson around and perhaps we will be blessed with a corrective coronary for Barney. Just a little wake up call for the co conspirator of Hank Paulson.

Fire the Lot of 'Em!

Charity ? When pigs fly.

California Attorney General Jerry Brown says he's reached a billion-dollar settlement of securities fraud charges with an unnamed major bank, which would bring hundreds of millions for the state's investors. A 1 p.m. EST news conference should provide the details.

Good on you Jerry. Now turn the documents out to the public at large.

As is said, the courts are where gentlemen settle their differences.

Barron's on ExxonMobil: 'What a Gusher'

Epeon a billion a year to hold a stable reserve position? Forget it . The new stability in reserves will be in money as prices rise and reserves shrink. Only two places to go now for new big finds . Africa and get nationalized, and the Tar Sands and heavy oil.

Barney Frank: Name Names

Kiss of Death ?

Well if you are trying to raise capital you should be open to those interested in your true position re: assets and liabilities and not hide behind the fraudualnt asset valuation the NASB has given you.

The SEC should enforce this declaration of weakness so you have to sell shares at a lower price. NO? Other than this is deception.

Barron's on ExxonMobil: 'What a Gusher'

As I have suggested for the last two years Exxon is sifting it's focus to natural gas. Their LNG play has been a failure here in the US as the glut of gas has developed.

They still hold patents on the geopressured resources (aka deep gas) that few seem willing to challenge. Every one is permitted to screw up now and then so they will likely go after the Asian market with their LNG.

Without government interference - not to be ruled out- the domestic market is thank God, pretty close to a dead issue.

One Question for Sheila Bair

I'm with Shelia. First wipe out the equity and then the unsecured debt. Regular rules. We'd be well through this mess if we collapsed the insolvent banks/institutions and fired the management and let the straight investors recapitalized them. The game layed as it was is far from over and we wouldn't have to continue to subsidze the failures and pay outrageous bonuses with 'Ol Aunt Mini's savings.

We still have a very long way to go with the commercial loans/real estate and further failures in the adjustable rate home mortgages. I would most of all like to get rid of the give away of banks borrowing at .25% and then buying Treasury Instruments at multiples of this with the new capital we " Gave" them. Straight fraud.

China May Be Eying Metallurgical Coal Acquisition

TCK is an obvious choice for further buy- in. Give them enough money and they may reopen that very attractive gold mine development in Alaska.

Good for CNI as well as a new port in Kitimat could save a lot of money in transport.

Northrop Grumman: Ridiculously Undervalued, But Doing Everything Right

We can not afford war nor can we borrow to wage it any longer which may be a very good thing. Got a lot of slightly used war machines to sell. Any buyers out there. Lets hope not after all we sold our nerve gas bombs to Saddam did we not?

Tenet knew this and hence the " slam dunk" statement - since only a few were used on the Kurds.

GE to Close Its Only U.S. Solar Panel Factory

Sure hard to beat foreign labor costs and shipping back finished goods is cheap and will remain so while North America turns further to being a raw material exporter.

And the recovery is right around the corner---sure. NO jobs- no income- no purchases- no recovery. Just welfare- for a while.

Buffett's Big Buyout Bets on Buoyancy

Buoyancy ? I would say stagflation and a return to commodity exports ( coal and topsoil), a collapse in high value manufactured items, and dependence on the politically pwerful utility industry and their paper /bong holders the insurance industry.

Sorry to have lost BNI from my portfolio but I retain the best route structure of CNI . Lets wait until Canadian commodity exports swell to contain wheat, petroleum and their abundant coal resources.

It will take time but Kitimat, North America's closest port to Asia, belongs to CNI.

Buffett Takes a Page from the Monopoly Playbook

I agree with the emphasis as I see this as a bet on the fuel shortage due to efficiency of the rail roads and the commodity play rings true. We are losing our manufacturing and have little to sell the world but our topsoil and raw materials. Weapons of course but these are taxpayer subsidized in their entirety.

Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Utility paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know. Hate to sell BNI but I still keep an ever better route structure in CNI. Wait until Canada's coal starts to boom as an export. Right after wheat and petroleum.

Warren Buffett's Bet on Rail and America

I disagree with the emphasis as I see this as a bet on the fuel shortage due to efficiency of the rail roads.

Further, it is a bet on coal and electricity. Hauling coal from the Powder River Basin is BNI's lifeblood. and the utilities will survive as they are monopolies and regulation will not put them down.

Their paper/ bonds are what keep the ever powerful insurance industry alive. So Insurance and electricity are combined,an over powering force in Washington.

I have fought them both and know.

Gold Bug Feeding Frenzy

I wonder how governments will control the rise in equity price for gold miners? This is where I have made my play, for sieze or beg gold they will. The authority is there in the history and now very likely the monitoring of safe deposit boxes.

Melt down your watches and rings? I doubt it but with the Bush/Cheney endorsement of waterboarding you teeth may be at risk?

Look at the questionable nationalistic behavior of the Koreans.

Oil: Supply and Demand? Hardly!

Your really don't understand this market. There are not often single elements driving any decision out side of a coin toss and even these can be subject to influence.

Most decision are multifactorial from access to transport, price, currency fluctuations ones own perceived needs and on ad infinitum.

As to the supply side " peak oil' is a reality and inconvenient to acknowledge in our political system. China recognizes it clear and simple but then they have a different pattern of decision making. As to the many bbls you see coming on line it will be more than eaten up by declines in world production. Yes, even at $80 a bbl. with our dollar going down the porcelain pot hole.

Hey, it is finite and difficult to find and produce. The US does not control the world oil market it is a world market and the big locals have little interest in low prices and certainly not cheap as dirt alternative liquid fuels.

China is out there producing auto and diesel fuels from cola in the form of dimethyl ether and methanol. That is not permitted here as it would break the oil companies monopoly on feeding our liquid fuels addiction. Again China has a different decision making procedure.

Oil priceas will continue to bounce about but with a clear upward long term trend. Bet on it. I have and am not ashamed of my comfortable success.

I know you want a simple explanation but sorry all questions do not have human answers. Richard Belman taught me this back in 1970 over looking the Pacific.