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Wall Street Breakfast: Must-Know News

The gov't is the only one committing new money to the economy........ The gov't is the only one debt financing a possible recovery.......... The gov't is the only one buying cars in Q2................. The gov't is reluctantly changing FASB rules ---too late--- to create an artificial improvement to earnings...........

ARTIFICIAL.........Hmmm!
Kinda describes the US economy........... Hmmm????

Wall Street Breakfast: Must-Know News

SEC can show they are serious about correcting "their created problems" with Shorting stocks by:
[1] Making it mandatory that shares be borrowed "before" the trade confirmation;
[2] Prosecuting everyone on their SHO report immediately following a five day notice period to comply.......either borrow shares or cover;
[3] Demonstrate an automated system, while identifying those "responsible" for compliance to new rules going forward.......

Since Obama is for CHANGE, these would definitely be changes at the SEC...........

IMHO

Wall Street Breakfast: Must-Know News

SEC changes to Mark-to-Market & Shorting is kinda like the Government setting fire to a barn filled with 100 horses locked in stalls. Gradually, as the fire spreads, with the government watching and citizens screaming, over 90 horses are killed....... Then the fire department is called and the remaining section with 10 horses is saved by unlocking the barn door.............. And the goverment acts as if it has accomplishing some admirable act................
INCREDIBLE!!!!!!!!!!

Wall Street Breakfast: Must-Know News

Phase II of Fleecing of America begins with : Toxic Assets sold by Banks to "other Banks" who will buy them for Pennies-on-the-dollar" with taxpayers TARP funds...........
The real assets [homes w/performing loans] are arguably worth 70% par, yet these robber barrons will be "helping the economy" by taking them for 20% of par............
How BENEVOLENT............... PATRIOTS!!!!!!!!!!!

FOLLOW -the-MONEY folks and you'll understand............

IMHO

Wall Street Breakfast: Must-Know News

What does it say about the Media, their obsession of reporting and viewings of the protestors at G-20??????? Look closely "at the people" and not their signs, and ask yourself a basic question, "Why would any sane and civil person care what they think or say"?????

The British Member of Parliament interviewed several and asked them one question, "What are you all in favor of"????????
They were all speechless......... Only the media seems to care!!!!!!!
Hmmmm.........

Wall Street Breakfast: Must-Know News

GM: Ask Ross Perot to dust off his notes of 20 years ago and he can give an intelligent and workable restrucuring plan......... Why isn't Ross on the government committee as a consultant?????????

CHRYLER: Is owned by a private equity firm with $BB of dollars, but refuses to invest further in C......... Why Chrysler is even involved with government "taxpayer" bailkout boggles the mind!!!!!!!!! The rich never spend their own money when the gullible taxpayer can be fleeced by "paid for" Congress!!!!!!!!!

IMHO

The Up-Tick Rule Reimplementation Is Bad for Markets

SEC = Blue Smoke and Mirrors............. Arguing that the Uptick Rule creates less liquidity and volume really is distorting the real concern of Wall Street/SEC, eg., less trading commisions for Brokers and MM's.

The real solution deals with ELIMINATING SHARES-NOT-DELIVERED! Hedge Funds can SHORT "without first Borrowing shares"...........prom... to borrow within 3 days..... Then not being prosecuted for never borrowing!!!!!!!!!
Anybody want to speculate on how many Hundreds of Millions of Phantom shares exist because of Naked Shorting!!!!!!!!! An SEC secret!!!!!!!!! Wall Street's next SCANDAL OF GREED...........
The very essence of SHORTING is in the original law, which the SEC changed to accommodate Wall Street GREED!!!!!!!
SOLUTION = NO CONFIRMATION FOR A SHORT SALE WITHOUT FIRST BORROWING THE SHARES.......... PERIOD
Problem solved!!!!!!!!!!!!
IMHO

Wall Street Breakfast: Must-Know News

The "so called" Toxic Assets are "packaged mortgage securities" whose value has been descimated by 80-90% on Wall Street by Short Seller Hedge Funds, assisted by SEC rules............
However, there are real mortgages in those "securitized assets" and they are "performing" and solid in the 70-80% range.
Guess who is going to be BUYING @20 CENTS-ON-DOLLAR and making 40-50% GAINS ---- the only people with the money to buy them ---- YOU GUESSED IT........THEY WHO DROVE PRICES INTO GROUND!!!!!!!!!!
This SCAM which will make Madoff look like a Boy Scout ........ made possible by OUR CORRUPT & COMPLICIT GOVERNMENT!

Americans can't be more gullible................. IMHO!!!!!!!!

U.S. Debt Surpasses $11 Trillion But Day of Reckoning Is Still Ahead

Having the most successful business leaders, such as Jack Welsh & friends in charge of America's economic mess wouldn't insure only a recession and 2010 return to stabilization.
Rather having the incompetence, deception, corruption and partisonship in Congress & Administration has revealed that the length & depth of this economic slide will be longer and much more costly than anyone can imagine........
My concern is that America is becoming more vulnerable to International consequences and foreign threats, economically and worse...........
What happens if China demands to redeem it's debts we owe them????? Or if oil returns to $150/barrel as is being predicted???? Or if some of those "fine men" being released from Gitmo & their friends show America the extent of their hatred ?????
And the media seems obsessed with AIG bonus' !!!!!!!!!!!

Wall Street Breakfast: Must-Know News

I am astounded at the uproar over the AIG bonus' and NOT A PEEP about the TENS OF BILLIONS funneled thru AIG to its COUNTERPARTIES!!!!!!!!!
Former AIG CEO Hank Greenberg just appeared on the Neil Cavuto show and was perfectly honest and candid about what has happened at AIG..........
Is this BONUS uproar simply a distraction away from the real issue: TAXPAYERS BILLIONS MAKING COUNTERPARTIES WHOLE -- which Mr Greenberg said never should have happened!!!!
I am painfully aware of the INCOMPETENCE OF OUR GOVERNMENT. I have recently believed that much of what has occurred has been CORRUPTION.......... Now it appears IT MAY BE EVEN WORSE!!!!!!!!!!!!!!!

Former GM Board Member: 'I Told You So'

The person who really has the right to say, "I told you so" is ROSS PEROT. He was on the GM BOD as part of GM's acquiring EDS. Ross was unceremoniously run off/bought off by GM's BOD who simply didn't want to hear from one of the most brilliant and successful business minds of the 20th century............

GM's insular BOD has always been known for THEIR IGNORANCE BEING EXCEEDED ONLY BY THEIR ARROGANCE!!!!!!

How else could this previously fine company have made such collosal strategic and tactical mistakes??????

IMHO

Wall Street Breakfast: Must-Know News

It's rather obvious from yesterdays comments by the FED, SEC & GEITHNER that the government isn't really interested in removing the downward pressures which have destroyed the net worths and retirements of Americans....

When they have you by the b*lls, your hearts and minds will follow......... How appropriate for where America is headed .......... VERY SOON!!!!!!!!!!

IMHO

CDS: The Sabotaging Asset

You might be missing one valuable detail --- WHO THE BONDHOLDERS ARE........ They are very powerful "money" people who DO & GET WHATEVER THEY WANT!!!!!!!

IMHO

Wall Street Breakfast: Must-Know News

Maybe it's just me, but it seems the new administration's proposed and enacted legislation is directly KILLING JOBS.

Further taxing of corporations will only force HQ's offshore and plants to foreign countries..........

Shutting down nuclear energy and dismantling coal will make energy blackouts common throughout America..........

Anti-drilling is loved by our enemies who supply our oil, especially at $200/barrel..............

Taxing the rich will only cause them to shutdown their income production and provide less tax revenues...........

These are not opinions, but historically and economically proven results throughout the world.......... And these folks in DC can't be that stupid, so it appears THEY ARE DOING THESE THINGS ON PURPOSE, WITH AN INTENDED OBJECTIVE!!!!!!!!!!!!!...

IMHO

Dell: Cutting Costs to Maintain Margins

I wonder what the average, working, saving/investing American will think/do when they become painfully aware that the 50% [and growing] losses in their net worths was caused largely by ACCOUNTING RULES & SEC FACILITATING the drops in values??????????

And recognize, and believe, folks,,,,,,,IT WAS DONE ON PURPOSE!!!!!!!!
Nobody could be that stupid!!!!!!!!!

IMHO