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philipmax

philipmax
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  • Generating $100 A Month From Verizon [View article]
    I have a 401K plan that forces you to buy only their sponsored Mutual Funds (high cost and less than mediocre returns). My solution is to invest in Money Market funds until the end of the year, when I transfer the bulk (not the entire sum) to a self directed Rollover a/c. The 401k Administrator charges 11/2 % for this "service", but it's worth it.
    Aug 28, 2015. 03:48 PM | Likes Like |Link to Comment
  • Cognitive Dissonance, Fannie Mae And Freddie Mac, Greed, Spite And Ulterior Political Motives [View article]
    Wayne, I particularly like your reference (Q.4) to "creeping EXPROPRIATION (my caps)". Good summation of the program. It fits well with Stalin's, Mao's, Chavez's, and Castro's, philosophy of "good governance".
    Aug 21, 2015. 09:46 AM | 9 Likes Like |Link to Comment
  • Bank settlement roundup [View news story]
    Skulduggery, malfeasance, and just outright robbery, seems to be a permanent affliction institutionalized in this select group of government protected TBTF institutions. Seems to be symptomatic of other government regulated industries as well - such as these banks, drug companies, utilities, etc. - where collusion and market fixing are rampant. This bodes poorly for our society in general. I just can't wait for bloggers here to blame the public for "the government's picking on poor C and JPM" because "that's where the money is". NO ! That's where the corruption is!
    Aug 19, 2015. 04:49 AM | 4 Likes Like |Link to Comment
  • AIG selling rest of AerCap stake [View news story]
    Great!
    More working capital for expansion of the insurance business.

    Too bad to have to downsize, but good for concentrating mgmt efforts.
    Aug 18, 2015. 04:28 PM | Likes Like |Link to Comment
  • CenturyLink Has Too Much Debt [View article]
    It looks like the author cut through the BS and presented a true and cruel picture of this company. With the rapid advances in technology, this company may not be nimble enough to stay ahead of the curve. In addition to its high fixed costs and huge infrastructure investments, this may be a dying whale.
    It does have a big footprint and heavy exposure to the SW USA, and may continue to book income for many years to come. Nevertheless, we've been warned, this is a risky investment. Thanks for the heads up.
    Aug 11, 2015. 03:22 PM | 2 Likes Like |Link to Comment
  • JPMorgan Chase's Achilles Heel: Litigation [View article]
    Great article. Society cannot long endure when, the depository of bedrock fiduciary responsibility, is guilty of numerous malfeasance. JPM has an ingrained predatory ethic, that is inimical to their customers as well as to themselves. This is supposed to be a bank - where people entrust their hard earned funds - not a free-for-all racketeering entity that sets and plays by its own rules. Celan makes a very cogent case, especially, because due to its size and influence, JPM is the a centerpiece of our (the US and Western) society. Therefore, its moral lapses are a poor reflection on all of us. How humiliating it is that this firm is so often caught red-handed and must fess-up with fines. Not many in our society will go unpunished for these infractions, but, bankers do. There are NO EXCUSES for immoral and illegal behavior on the part of this bank or any bank. I am tired of people trying to blame the so called "losers" for taking the banks to task. SHAME ON THE ENTIRE JPM MANAGEMENT TEAM!!!
    Jul 30, 2015. 06:03 PM | 3 Likes Like |Link to Comment
  • Money-laundering probe widens at Banamex [View news story]
    No surprises. Not even newsworthy. We've seen this many, many times at C. It's just a cesspool of corruption. NO WRONG DOING! Yes! This is true! BANAMAX was just operating in "business as usual" mode. How can there ever be a suspicion that the owners and operators did anything wrong?

    What's good for CITI is good for the USA!!!!
    Jul 24, 2015. 11:12 AM | Likes Like |Link to Comment
  • NCZ: Is It Time To Enjoy This Fund's 14% Distribution? [View article]
    sure! but...what's a pm?
    Jul 23, 2015. 06:13 PM | Likes Like |Link to Comment
  • NCZ: Is It Time To Enjoy This Fund's 14% Distribution? [View article]
    About the Return of Capital on NCZ, NCV.
    Out of our monthly distribution of .085 cents from NCZ .0183 Cents is ROC.
    Roughly, 20.5% is our own money. When I called my broker he could not expklain why this was not reported on the 1099. I called Allianz Group and they gave me a two hour run-around without ever resolving the problem.
    If one goes to cefconnect.com and enters the ticker symbol, it lists $.0667 as UNII per share. But no where does it list that the difference is a Return of Capital.
    Jul 23, 2015. 02:22 PM | Likes Like |Link to Comment
  • The Perry Appeal, Prospects For Reversal And The Possible Effects On Fannie Mae And Freddie Mac Share Prices: Part II [View article]
    It is the intention of Treasury and FHFA, with collusion of the Courts, to keep this case wrapped-up in deliberations and discovery for 15-20 years. In the interim, F&F Balance Sheets will be decimated by starving the companies from retaining cash and, deliberately undervaluing mortgage securities held by them so that others (TBTF banks) can acquire valuable F&F assets at deeply discounted values. An immediate INJUNCTION to stop Treasury meddling has to be issued or all is lost to shareholders - regardless of the ultimate victory that the author assures us.
    Jul 22, 2015. 08:17 AM | 4 Likes Like |Link to Comment
  • NCZ: Is It Time To Enjoy This Fund's 14% Distribution? [View article]
    I get a 1099 dividend report on NCZ on which I pay income tax. With this article, it comes to light, that at least 20% of the dividend is RETURN OF CAPITAL on which there is no tax. How would I be able to get a corrected 1099, considering that this information is buried in the NCZ financial statements and not reported to the IRS?
    Jul 22, 2015. 06:50 AM | Likes Like |Link to Comment
  • Citi to pay $700M for deceptive credit card marketing [View news story]
    Currently, it's a race between C and JPM as to who can reach to the bottom first. Hard to tell as they are both racing full speed in evil schemes and skullduggery.
    Jul 21, 2015. 03:20 PM | Likes Like |Link to Comment
  • A Light At The End Of The Tunnel: Fannie Mae And Freddie Mac And The U.S. Court Of Appeals [View article]
    Thanks, but the article is so long that I lost track. I'm on the shareholders' side, and any ruling that will side with shareholders is good. The problem, although it looks like a slam-dunk for shareholders, Judges don't always see it that way. Laws get pervades,skewed, and disregarded when you enter the court room. White becomes black and vise-a-verse. Good luck.
    Jul 21, 2015. 03:05 PM | 1 Like Like |Link to Comment
  • FHFA Writedowns Continue To Be Greatest Threat To GSE Investment Thesis [View article]
    I like your insight here. I believe you have uncovered a very important, and as yet, unrevealed, mechanism for dismantling the GSEs. This explains the prolonged and agonizing shut-down effort that is not being addressed by the Courts and Press. The elimination will take place quietly before our very eyes. Thanks for the heads-up
    Jul 21, 2015. 08:43 AM | Likes Like |Link to Comment
  • UBS sees more growth for Brown-Forman [View news story]
    They know what they speak of. Go BF.B
    Jul 21, 2015. 07:37 AM | Likes Like |Link to Comment
COMMENTS STATS
341 Comments
477 Likes