epeon

U.S. Handling of Financial Crisis - A Less Optimistic View

I must admit that I am very disappointed by Obama. Since the US government owns several banks what I don't understand is why the administration doesn't break these up into smaller pieces. Pieces that are not "too big to fail." What Obama is doing is just giving tax money away. Very disappointing.

Head of Congressional Oversight Panel Slams Geithner, Again

I assume that Ms. Warren and Geithner never dated?

An Unconventional Option - Go Long Financials

Well, my strategy has been (for the last seven months), to buy SKF on dips below 100 and sell it when it gets above 105. This is a very short strategy on banks and it has been, to this date, very profitable. I just don't see why I should change. I see nothing in the financials that makes the situation different. Unless BO actually passes another trillion dollar giveaway to the banks. But, at this point, even those in his own party are uncomfortable with that.

Seven Uncomfortable Predictions for the Economy

Buy your guns, run for the hills, plant a garden, start hunting deer. Damn, the appocalypse is at hand!!!

Why Capping Pay Is Likely to Work

Here is what will happen: nothing. These big companies will still have CEOs, they will still live the corporate lifestyle, they will still have people want the jobs. In fact, it is very hard to see any correlation between income and performance at all.

After a few years, we are going to start to realize that the boards were just overpaying CEOs. That they can get the same level of talent for the fraction of the money. Hopefully, the stockholders will realize this, too.