Niner

Why Friday Was Such a Critical Day for Bank Stocks

My comments are not the most popular ones here on the board. But, htat hasnt' stopped me.

I agree with you. These funds and their activities have to be regulated/overseen. I really don't like to quote Cramer; but, at least I Think he said this. "Pigs get slaughtered". These greedy Pigs (read Hedge Funds) have lead us all to the slaughter.

The Hedge Funds with their Trillions of dollars were speculating in oil in the spring and early summer of '08. When speculation began to catch a lot of heat in July, they switched to shorting the market especially Financial instutions.








On Feb 22 10:27 AM James Wilson wrote:

> The President of the United States said We WILL Support the Banking
> System.
> To some that means nothing.
> To Others that means the U.S. President just threw the weight of
> the U.S. Government behind the banking system.
> Just like the Fannie and Freddie who were foced to assume the lions
> share fo the fraudently written loans with overvauled appraisials.
> The U.S. Treasury stands behind their value.
>
> Looks like the Hedge Funds have enough money to lay off shore and
> Short the U.S Market into a deep recession or depression at will.
>
>
> Unless the SEC or Congrees ties the Hedge Funds to ownership of the
> Banks and the Subprime Lenders showing a clear picture of CRIMINAL
> BEHAVIOR with this being a TERRORIST ATTACK ON THE U.S. ECONOMY by
> PROFITEERS!!!!!!!!

On WaMu's Birthday, JPMorgan Takes the Cake

Was the takeover of WM necessary; or was it a nudge from the Bush Boys to get Congress to accept anything?

I do believe he is capable. I voted for that basta__ once; but, I do not trust him any farther than I can throw a bull by the tail. Even though I have the tendency to lean toward the Elephant, the Donkey is looking more and more like my kind of ride.

Hurry up election and the new president. It can't happen to soon.

I find it hard to believe WM could not have made it just alittle longer. And, benefited from the eventual Bailout.

Oops, I need to go puke!

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

Are they telling me that these thirsty financial institutions are going to get pissey because they are being offered a drink of cheap water.

If they need to dump all that bad paper (illiquid assets...who dreams up that crap) they'll come running to the watering hole.