eddie6442

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

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!!!!!!!!

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!!!!!!!!!!!!!!!

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

Wall Street Breakfast: Must-Know News

Mark-to-Market accounting is BANKRUPTING our financial system and soon the dollar printing presses will over heat and......................
AMERICA WILL BE BANKRUPT!!!!!!!!!!!!!!

Way to go --- GENIUS'...............

IMHO

Wall Street Breakfast: Must-Know News

MARKET BOTTOM & REVERSAL UPWARD -- WITH FORCE:
will occur when...........
[1] SEC reinstates UPTICK RULE;
[2] Mark-to-Market accounting discontinued;
[3] Sarbanes/Oxley reversed;
[4] Naked Short Sellers prosecuted;

All at ZERO COST to the taxpayer, and $$$$$ Trillions returned to our investment, college & retirement accounts!!!!!!!!!!!!

The question is WHY AREN'T THESE BEING DONE??????????

Wall Street Breakfast: Must-Know News

Earth-to-Congress: AUTO BAILOUT/LOAN

Separate the 3 auto manufacurers into "Individual Entities", each supplying a proposal and business plan for Breakeven & Profitabilty. EACH FIRM will actually be applying for a loan, and be accepted/rejected based upon its own merits.
Congress will then have placed the three in competition with each other, not only for government funds, but for survival. Competition.........wh... a novel idea in an entitlement world of Detroit!
The UAW will have to submit its own plan confirming any/all concessions the auto makers incorporate into their plans, and further commit to reasonable bargaining over the next three-to-five years while the industry recovers..........
Congress will not only effectively have removed the "gun-from-their-head", but can expect detailed input upon which a proper funding decision can be made............ Also, there will be detailed proof that "One-fails--All fails" is BOGUS!!!!!!!!
Amazing -- Congress actually can show the proper Loan Application Process for all to see and copy..............
THINK OUT OF THE BOX FOR TAXPAYERS SAKE!!!!!!!

Wall Street Breakfast: Must-Know News

Bailing out the auto industry with $25--$50--$100 Billion will accomplish "exactly what"?
Will the management that created this mess be replaced?
Will the union contracts be changed to "similar to" Toyota/Honda wages/benefits?
Will the unfunded pensions/healthcare benefits disappear?
Will the ongoing Delphi Billions be waived?
Will quality of cars be re-engineered?
Will shoddy QC be ended?
Will sloppy & inefficient work rules be no longer tolerated?
And finally, will consumers buy their cars any more than they have been over the past several years????????

I think we all know the answers:
Management will continue to be rewarded financially..........
Dividends will remain in place and paid..............
Union jobs will continue to be "bought out" @ $150-$250K ..........
Labor costs will remain highest in history for any mfg.............
And finally, the INEVITABLE WILL SIMPLY BE DEFERRED AT THE TAXPAYERS EXPENSE...........

Washington doesn't understand that AMERICA IS BANKRUPT!!!!!!!!!!
Congress just doesn't get it..............

Wall Street Breakfast: Must-Know News

For TRUST to be restored for investors the following "must" happen"
[1] restore UPTICK rule;
[2] eliminate , and prosecute, NAKED SHORT SELLERS;
[3] change Mark-to-Market back to reality valuation model;
[4] total transparency of Hedge Fund industry;
[5] prioritize the strengthening, and funding of SEC Enforcement Div;

Otherwise, it's the same Wall Street Casino, and any sane American investor would be a "fool" to risk capital...........
IMHO!

Wall Street Breakfast: Must-Know News

Questions to Government:
[1] Why would the SEC not reimpose the UPTICK RULE and indict NAKED SHORT SELLERS???? Assuming they do enforce the laws and are entrusted to ensure a fair market?
[2] Why didn't the Treasury propose INVESTING $300 Billion directly into banks, so @ the 10-1 loan-to-capital ratio creates $3 Trillion to lend, liquidity would be solid and credit/lending would have become normal again? Costing the taxpayers 33% of Bailout????
[3] What is the Governments plan to deal with countries no longer lending to US to fund our debt?
[4] What is goverment's plan to deal with oil production being cut by our "less friendly" suppliers causing prices to spike back towards $200/barrel?????
[5] What is Justice Dept doing to investigate, and indict all the Wall Street folks who caused this financial collapse, by exploiting enabling Legislation by their subserviant Congress????
Let me guess: THEY HAVE NO ANSWERS!!!!!!!!!
IMHO

Wall Street Breakfast: Must-Know News

Why aren't we hearing about the comments from Congresswoman Kaptur [D] Ohio about the Bailout Bill and her opinions of the threats facing America? She seems to represent a rapidly growing minority of officials answering the question: "WHO ARE THOSE GUYS"!!!!!!!!
I found her comments on the JBLU board on Yahoo Finance. First I had heard them and FOX may be the only media outlet which could broadcast them. We'll never see her comments on the Networks??? They're too commited to destroying Sarah Palin........ Now they have two strong and patriotic women not afraid to stand up to ominous powerful forces......
IMHO

Wall Street Breakfast: Must-Know News

BAILOUT POLITICS:
[1] Imposes "some curbs" on Exec comp........
[2] Taxpayers to "share" in any profits.......... with ACORN??????
[3] Treasury Dept still Market Maker...........
[4] Vulture Investors.........Full Disclosure when they buy????????
[5] SARBOX & FASB 157 not addressed to stop hemmorraging.......
[6] No contribution from Billionaires/Millionai... $11 Trillion.........
[7] No change to SEC UPTICK RULE & NAKED SHORTING!!!!!!!
****As one honest expert stated Sunday, TAXPAYERS ARE THE SUCKERS..............A...
Americans who are investors in stock market instruments need to take this opportunity to reevaluate their financial positions and consider preservation of capital as #1 priority well above gains/risks..............
Don't let this happen to you again, as it will, because nothing has happened to the GREED MERCHANTS or the GAMES OF WALL STREETS WORST PLAYERS!!!!!!!!
IMHO

How to Spend $700B and Actually Solve the Problem

I still haven't heard one proposal to "stop the hemorraging" by suspending for ~12 months SARBANES/OXLEY & FASB 157. These are the accounting pressure points which have caused Assets to be driven down nearly to zero. Not because they are worthless--even Paulson admits that! But because of CYA of Exec's forced by auditors/accountants to "Mark-to-Market" [FASB157] assets with undeterminable value. Add SARBOX which makes O/D "personally" liable for financial misstatements, and the death spiral is greased. Naked Shorting accelerated the process downward.
My analogy is a patient in the ER with a gaping wound, hooked up to a 10 gallon sack of blood for transfusion, but the doctors not repairing the wound....................
America is great at throwing money at a problem, but real solutions seems to escape our brightest in DC!!!!!!!!!! What happens when the hospital runs out of blood????????

Wall Street Breakfast: Must-Know News

I continue to be "amazed" that none of these so called experts has proposed removing/changing the pressure points on these stock prices and institutions: SARBANES/OXLEY & FASB 157 & UPTICK RULE. Assets would immediately be MARKED UPWARD & STOCK PRICES WOULD RISE! Little tax payers money required as problem self corrects...........
It's as if a man bleeding to death goes to ER and is fitted with continuous pints of blood infusions, while allowing the hemmoraging to continue unrepaired>>>...

Genius' of Morons?????????