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  • Wall Street Breakfast: Must-Know News [View article]
    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
    Apr 03 08:19 am |Rating: +7 -4 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    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
    Mar 30 09:14 am |Rating: +9 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I have written for months that there are "NO COST" SOLUTIONS TO IMMEDIATELY IMPROVE THE ECONOMY AND NET WORTH's.

    [1] Rescind Mark-to-Market, at least for 24 months during this crisis [that it has largely created]! All the experts agree that the underlying assets are worth significantly more than the current "market value" for the securitized mortgage instuments.
    * Bank Balance Sheets would be immediately "reflated" by ~30%. Pressure would be removed from loaning for houses & cars.
    * Individuals NET WORTHS would increase dramatically with the increase in the share prices in their portfolios & retirements accounts, thus stimulating consumer spending.
    * Fear factor removed from Politicians who would no longer be able to justify massive debt giveaways.........

    [2] Reinstate UPTICK RULE thus taking relentless selling pressure off stocks, many driven to below Book values..........

    [3] Prosecute NAKED SHORT SELLERS --- NOW & RETROACTIVELY TO 1-1-08..............

    Tell all the ACCOUNTANTS, ACADEMICS & HEDGE FUNDS to
    STFU ............the party to destroy Americas economy is over!!!!!!!!

    Now, imagine WHO & WHY any honest leader wouldn't want to avoid OBAMA'S ADMITTED CATASTROPHE???????????...

    WHO & WHY????????????

    IMHO
    Feb 17 08:55 am |Rating: +7 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Mark-to-Market accounting is behind all this financial collapse. It is the reason there is a liquidity crisis. And Mark-to-Market will continue to absorb all the money the FED & Treasury can print ......... into the ZILLIONS!!!!!!!!

    All the financial experts were on Kudlow last night, even ex-Fed Governors, and they agree..............yet this practice of descimating assets values is kept in tact.................o... purpose???????????
    Dec 17 08:20 am |Rating: +3 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    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??????????
    Nov 26 14:24 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    What the government "still" hasn't done, all of which will help our financial system "tremendously"...........
    [1] Rescind SARBANES/OXLEY;
    [2] Reverse Mark-to-Market Accounting;
    [3] SEC to reinstitute UPTICK RULE;
    [4] NAKED SHORTING made ILLEGAL & prosecuted;
    [5] CONDITIONS placed on all BAILOUT MONEYS TO ACCOMPLISH DESIRED RESULT IN ECONOMY;
    [6] Paulson changed the TARP "completely" by saying, "I DECIDED"!!!!

    One has only to wonder WHY, and WHO IS REALLY IN CONTROL of US?
    Nov 13 08:36 am |Rating: +2 0 |Link to Comment
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