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  • Funding Crisis Underway This Morning  [View article]
    Anticipating what the Fed will do, I typed "Something very novel" into Google and pressed I'm feeling lucky.

    Sadly, only a book review came up, so I too am pessimistic as to what the FOMC might also find as a solution as well. I'm not feeling lucky.
    Sep 16, 2008. 09:49 AM | Likes Like |Link to Comment
  • Wall Street's New Realities  [View article]
    As other posters have noted, this is simple orchestration to contain the problem, or rather, treat the symptoms to retard the process of implosion.

    The agenda here folks, is consolidate into entities that are too big to fail, that way, the real problem (off balance sheet vapor) can be swept under the rug.

    For the confidence of this investor, the rest of the world needs to call our bluff, we need to have transparency and the re-pricing of trillions of dollars in tier three garbage.

    Sep 15, 2008. 05:15 PM | Likes Like |Link to Comment
  • What's the BofA / Merrill Synergy?  [View article]
    I don't know about other posters, but the consolidation of big banks and investment houses into mega-banks in the absence of tremendous transparency scares the living $hit out of me. Now, we're creating precisely the entities that are "too big to fail". Perhaps that's the point.

    I smell a rat, and eliminating competition from the financial system is bad, bad news for all.
    Sep 15, 2008. 11:03 AM | Likes Like |Link to Comment
  • FDIC Insurance Fund - It Doesn't Actually Exist  [View article]
    This can't possibly be a surprise for anyone. For starters, it would imply that there exists transparency. There does not, and therefore I am not surprised by anything at this point.

    Uncle Sam is a crook, and reading some of the comments on this thread I now believe that others are completely clueless.

    Until there is transparency this place IS (according to another poster) a banana republic -- all fictitious smoke and mirrors based on leveraged vapor.

    Plenty more to fail all over the world, folks.
    Sep 15, 2008. 10:14 AM | 1 Like Like |Link to Comment
  • Apple Investors: Fasten Your Seatbelts, Put On Helmets  [View article]
    Worthless commentary and I'd like my 4 minutes back please. Ray Charles can say that Apple is leagues ahead of new technology adoption... Windows [bleep]ta?

    Apple is the only alternative desktop computing platform that is supported.

    Good bye MS, hello Apple, get used to it while you are bent over pulling up your pants in the short term.
    Sep 12, 2008. 01:19 PM | Likes Like |Link to Comment
  • Lehman: Dead Firm Walking  [View article]
    I have little to contribute to this debacle. As a responsible adult, capable of assessing risk, I plan on yielding my axe at the voting polls. To be a so called Wall Street "expert" all one needs is a pulse. Greed has ripped this market apart.
    Sep 12, 2008. 10:43 AM | Likes Like |Link to Comment
  • SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?  [View article]
    I keep asking myself "who's buying" all this "gold"?

    Also, if so much is changing hands, wouldn't it make sense that it would blip on a buyer's radar somewhere?

    I smell a rat.
    Sep 11, 2008. 10:21 AM | Likes Like |Link to Comment
  • Expect the Real Rally by Mid-2009  [View article]
    Stone Fox, just like statistics, everything can look how you want it when you cherry pick. When it looks like a duck, quacks like a duck, and waddles... let's be reasonable here...
    Sep 10, 2008. 07:25 PM | Likes Like |Link to Comment
  • WaMu on the Brink  [View article]
    If I were a prudent long term investor, I would avoid all positions of WaMu altogether at the moment, that includes being a depositor.

    People, don't for a second think that WaMu is immune from insolvency, nor capitalization problems. That kind of mentality, particularly based on investment optimism is premature and irresponsible.

    Access to the discount window doesn't guarantee long term solvency, nor future solvency, nor future existence. Rather, expect it to be chopped up, debt split out and equities and depositors most likely obliterated. Remember, there is a shell game happening where the public is the last to know, with zero transparency obligation.

    Last I heard FDIC is nearly-bankrupt (or at least invited to the party after the punch is all gone) too.

    My advice, take your deposits to a credit union without subprime or Alt-A exposure, and avoid the shell game that banks are playing with solvency -- as the small guy, you all but certain to be burned without consequence.

    I'd like a bailout for the coupon I had that expired on my cup of coffee please!

    Sep 10, 2008. 10:22 AM | Likes Like |Link to Comment
  • Just How Much Can the U.S. Government Guarantee?  [View article]
    JasonC, here is how I respond:

    At the base of a mountain, on the pristine cool Lake of Risk we have a canoe with three guys (and a cooler), Jason is a banker, the other, Henry, works for the treasury. The last man, Steve is the prudent, moderately risk-averse, middle class, long term investor.

    Jason, (using his Panther Martin #6) gets firm jerk on the line!

    Realizing that he's got a huge fish (in this example, aggregate cheap credit customer) he stands up to enthusiastically position himself to real the "hog" in.

    Reacting to Jason's excitement, Henry jumps up to offer Jason a hand, grabs the net and leans out in the water after the fish.

    Now, Steve, sitting on the other side of the canoe, out of reach of Jason's catch sits there, and tries to steady the boat -- however because of the enthusiasm of the other two standing up with all their attention on the fish, the boat tips over on Risk Lake and the fish gets away.

    The moral (as this investor sees it) is that its not worth tipping the boat for one fish, even though it's not as fun-- and what capitalist fisherman lets the big one get away!?

    Realizing that all of us are in the same boat, rather than pick apart differences, we need to all realize that all fishing and its not worth getting submerged in risk over a silly fish.

    So... where are the life jackets?
    Sep 9, 2008. 05:35 PM | Likes Like |Link to Comment
  • Who Killed Frannie?  [View article]
    Pent up demand, I couldn't agree with you more that it lasts more than 8 years.. I wasn't trying to make a political statement, and would take what we've learned over the last 80 years and apply it to policy.... particularly if it involves the removal of such policy(ies).

    I think people are so pissed off that those in agreement are restless!
    Sep 9, 2008. 04:46 PM | Likes Like |Link to Comment
  • Just How Much Can the U.S. Government Guarantee?  [View article]
    Obviously, my freedom as an American too is for sale - priced in dollars. No thanks to my country for leveraging it at this point and sweeping the problem under the rug next to JFK.

    The treasury is undoubtedly little more than a mechanism of power collection and consolidation at the expense of many to benefit the strikingly few.

    What incentives do I have to change and earn more than I spend? NONE.

    As an opportunist, I can't see why other nations aren't considerably more bold and aggressive, particularly with the shell games we're playing concerning risk, leverage, and utter protectionism of the elite.

    We are ripe for the pillaging, with the only hindrance being that we're filled with little more than endless Chinese junk.
    Sep 9, 2008. 01:42 PM | Likes Like |Link to Comment
  • 10 Financial Entities On the Brink  [View article]
    Opps, for disclosure I am long nothing but good-ol treasuries. See you after the election when the DOW hits 8500 (or worse!).

    Sep 9, 2008. 12:36 PM | Likes Like |Link to Comment
  • 10 Financial Entities On the Brink  [View article]
    I find it somewhat amusing that posters on here are so optimistic. It's as though the "crystal balls" they use should be trusted or anyone actually knows -- YOUR ALL IDIOTS.

    Here is something that even Ray Charles can see -- America is insolvent, banking is nothing but a shell game, no one can even REMOTELY assess risk, nor leverage.

    Optimism doesn't create freedom folks, and your Fed Selfserve just took a heaping helping of that yesterday. If anything you tards should be outraged it has come to this, not "tomorrow tomorrow not today, the markets go up every day".

    A fool and their money are soon parted... just ask those on here disclosing long positions on wamu. There goes your money "WAAAAAA MUUUUUU!"
    Sep 9, 2008. 12:27 PM | Likes Like |Link to Comment
  • WaMu on the Brink  [View article]
    squashnut: I couldn't agree with you more.

    Sep 9, 2008. 11:06 AM | Likes Like |Link to Comment