eddie6442

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

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.........

Why Banks Write Down but Don't Sell Subprime Loans

The question isn't "what" has been done, but WHO DID IT AND WHO BENEFITTED?
Tie them into the FACILITATORS in govt, and the picture becomes clear!
Cramer has all but spelled it out on his show. Invite him to Congress to testify with NAMES & FACES & METHOS & MEDIA........
It's called the FLEECING OF AMERICA...........ON PURPOSE!!!!!!!!!!

That's why there is such forces against changing it...........

DUH!!!!!!!!!

Wall Street Breakfast: Must-Know News

If find it incredibly bizarre how ANALYSTS look for a single item in an other wise strong Qtr result for a company and comment negatively so the stock goes down. Instead of being rewarded for an incredible accomplishment "during the worst of times", WALL STREET'S FINEST continue to do their part in driving the market into the abyss!!!!!!!!!!

WTG WALL STREET GANG --- YOU'RE THE BEST --- BE PROUD!!!!!!!!

Wall Street Breakfast: Must-Know News

Senator Corker just explained how 7 grueling hours of negotiations with all the stakeholders, all of whom agreed to make painful concessions, EXCEPT the UAW! All the UAW had to agree to was " A competitive wage to the foreign auto companies "anytime" in 2009".
UAW REFUSED!!!!!!
ANY competitive wage target, ANYTIME in 2009??????? NO! NO! NO!
Would that be PETULENCE????? OBSTINANCE?????? .........................
RUSSIAN ROULETTE??????????
This type of intransigence has obviously worked with the weak kneed auto execs............will it work now????????????

Wall Street Breakfast: Must-Know News

AUTO BAILOUT: Ommissions in the draft legislation show just how inept a governmental oversight board will be in driving necessary changes now!
[1] JOBS BANK "must end" by 3-31-09;
[2] UAW 2010 AGREEMENT " must" be FAST FORWARDED to 3/31-09;
[3] GM dealership agreements need to be rewritten;
[4] Work Rules "known" to be non-productive eliminated -- NOW!!!!!!!
[5] All management salaries "reduced" 25% -- NO BONUS' -- HIRING FREEZE;
[6] Engineering & Quality Control REVAMPED;
[7] Reinstitute FLEET LEASING & RENTAL CAR dist to move units;
[8] Eliminate all sponsorship events --NOW!!!!!!!!
[9] Replace all travel with Video Conferencing -- Conference calls -- tech;
[10] Get rid of "at least" one level of VP's & Managements;
[11] Cancel all corporate sponsored employee rewards events;
****** B-O-D's must be supplemented by Jack Welsh types!!!!!!!!!!!!
Replace POLITICS with GOOD BUSINESS PRACTICES ---- NOW!!!!!!!

IMHO

Wall Street Breakfast: Must-Know News

Governments have successfully implemented strategies to "directly" aid the economy and production.
[1] Companies to receive 100% tax credits, or current year depreciation writeoffs, for purchase of specific technology products. New PC's, Servers, Video Conferencing, etc..........
[2] Consumers to receive similar incentives for purchases of PC's, Cell phones, TV's, DVD's, etc. aimed directly at product sectors most weakened.
[3] Governments, Federal, State and local are in the stone ages technologically. Federal grants to reimburse purchases at all levels to update security, data bases, applications, etc for better efficiency and productivity.
[4] Professional services are required for the installation, and implementation of most all these, so employment is buoyed.
[5] Other similar ideas can be applied to automobiles, home appliances, HOUSING, etc.
[6] For example, a major incentive for trucking companies to convert their fleets to operate on Liquid Natural Gas, which also saves on oil consumption and helps the environment.

WHERE ARE ALL THE BRILLIANT THINKERS THESE DAYS?????????

Governments only solution seems to be to THROW MONEY ARBITRARILY, WITHOUT SPECIFIC CONDITIONS, AND HOPE FOR THE BEST.............

Wall Street Breakfast: Must-Know News

TARP money was gained by false pretenses initially. Half has been used for purposes "other than" those designated when "America needed it this weekend to avoid financial collapse".
Now the remaining $350 BILLION won't be used/needed so Paulson is leaving it for the new admin...........TO SPEND AS THEY SEE FIT!!!!!!

NOVEL IDEA: RETURN TO TAXPAYER..........UNSP...

Wall Street Breakfast: Must-Know News

Why hasn't SARBANES/OXLEY been reversed????????

Why hasn't MARK-to-MARKET accounting been rescinded????????

Does our government want to SOLVE THE PROBLEMS or simply THROW MONEY AT THEM?????????
Money = symbol of POWER!!!!!!!!!

INCREDIBLE, as every expert has been saying for months, these changes are MANDATORY!!!!!!!!!!!!!

Wall Street Breakfast: Must-Know News

President-elect Obama:

I didn't vote for you, but offer some suggestions for your consideration to help Americans. They are dramatic, controversial and may require taking on your supporters, all of which you said you would consider doing: So here goes.........

[1] Tort reform caps in medical malpractice, which will "reduce" medical costs system wide by ~15-20% rightoff. Without this initiative, any medical coverage proposal will be unnecessarily burdened negatively for the consumer and taxpayer;

[2] Legalize drugs and the benefits to America are overwhelming! Crime will be reduced dramatically. Funding for gangs will vanish. Prison populations can be reduced by half. Court systems returned to normal caseloads. Every municipality will require much smaller police forces, while EMS & hospitals will benefit in usage and cost savings. DEA, CUSTOMS, ATF, ICE, FBI staffs and resources can be redirected to protecting our borders and terrorism. Inner city youths will be motivated to get an education as the street level drug dealer will no longer be a choice. America has paid a tremendous price because of a small % of weaklings who need a crutch in life or those elite partiers. The War-on-Drugs has been an abject & costly FAILURE and needs to end, as does the Political Corruption it ferments. America will save tremendous costs incurred by this charade and Americans will be safe to walk the streets and enjoy their homes.......Just COPY SWITZERLAND!

[3] SEC Enforcement Division tripled in size and budget and motivated by a "new" Commissioner who is committed to "protecting the small investor".

[4] Provide an avenue for all non-citizen immigrants living and working in US, who are crime free and have children born here to become tax paying citizens. Quit blaming them for being here and doing our work. Allow them to achieve peace of mind and enjoy the benefits for which they have worked. Rid the country of this devisive issue. Wanna punish someone--try Employers and INS!

[5] Enact Term Limits for Congress and Senate, so no politican can remain in same position for more than 12 years.

[6] Withdrawl, or dramatically draw down, our troops and related expenses from Allies all over the world. Protect our Embassys and leave a small deterrent force in countries like S. Korea. But the days of America protecting the world are over! Plus, we can't afford it!

[7] Eliminate the Federal Department of Education along the same lines as Reagon tried! It is an unneccesary expense, source of questionable influence to States and REDUNDANT. You said you would look for Dept's of government which are no longer needed or effective........

[8] Eliminate corporate welfare, in the form of subsiies to industries which don't require "startup" funding. Start with Agriculture and progress thru Energy.............

[9] Enact the Line-Item-Veto!!!!!!!!

[10] Make Earmarks ILLEGAL!!!!!!!!!

Best wishes!!!!!!!!!!

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

America as we knew it will never be the same again, thanks to our Government. All this mess has been CREATED BY LEGISLATION.

Elections are within a month, and I'm predicting INCUMBENTS WILL BE REELECTED >90%!
Ralph Nader on C-Span last nite made one of his most astute and honest comments, "Congress is laughing at the taxpayers --they think we are jokes easily manipulated, and neccessary only to perpetuate their FIEFDOMS". I can't disagree, and will be watching as INCUMBENTS WIN IN NOVEMBER.........and this time...
IT'S ON WE THE VOTERS...........
.WE KNOW BETTER YET LACK THE GUTS TO CHANGE!!!!!!!

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'm so relieved the FED policy was to attack priority #1 INFLATION!!!!!!!!!
Where did Bernanke get his education on priorities and proactive policy decisions -- FEMA?????
When is the last policy decision our government made that was proactive and successful????????

Wall Street Breakfast: Must-Know News

I am a small investor, having made 199 trades this year. The only trades I will "ever" make in the future are SELLS of my existing stocks. All proceeds will go into CD's.
WHY?
Because the SEC allows NAKED SHORT SALES!!!!!!!!!
Gone for good...........