NC Trader's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/241795/comments http://seekingalpha.com/article/176312/comments?source=feed#comment-789450 789450 Thu, 03 Dec 2009 20:31:14 -0500 http://seekingalpha.com/article/176312/comments?source=feed#comment-789057 789057 Banks chose mark to market (available for sale portfolio) so they could book huge gains on securites from 2003-2007 as China and the middle east, flush with dollars, paid 102 or 103 of par on garbage ABS. They could have used mark to model (held to maturity) but wouldnt have recieved that one time gain as the ABS was gunned by Fed liquidity. That is why you saw a rush at commercial banks to move securites from the AFS book to HTM in q4 2007 and q1 2008. M2M caused the financial crisis in the same way my calculator did. ]]> Thu, 03 Dec 2009 16:58:42 -0500 Banks chose mark to market (available for sale portfolio) so they could book huge gains on securites from 2003-2007 as China and the middle east, flush with dollars, paid 102 or 103 of par on garbage ABS. They could have used mark to model (held to maturity) but wouldnt have recieved that one time gain as the ABS was gunned by Fed liquidity. That is why you saw a rush at commercial banks to move securites from the AFS book to HTM in q4 2007 and q1 2008. M2M caused the financial crisis in the same way my calculator did. ]]> http://seekingalpha.com/article/174577/comments?source=feed#comment-769903 769903 Fri, 20 Nov 2009 20:36:23 -0500 http://seekingalpha.com/article/160013/comments?source=feed#comment-662336 662336 Fri, 04 Sep 2009 15:21:39 -0400 http://seekingalpha.com/news/market_currents/post/30578?source=feed#comment-630017 630017 Fri, 14 Aug 2009 12:13:52 -0400 http://seekingalpha.com/article/139476/comments?source=feed#comment-517180 517180 FDIC-type organization (read- federal government) comes in and liquidates assets and guarantees payment of debt at 75 cents on the dollar. (If I owned CA GO bonds, I would take 75 cents all day)

Bond holders, who have the greatest legal title to assets are protected to an extent.

Process is quick, reducing impact on the truly essential services for responsible, tax paying members of the state.

California serves as an example to the rest of the country and reduces moral hazard. (I'm looking at you NJ and NY)

It will never happen, but this is a thought exercise, right?]]> Mon, 25 May 2009 19:16:23 -0400 FDIC-type organization (read- federal government) comes in and liquidates assets and guarantees payment of debt at 75 cents on the dollar. (If I owned CA GO bonds, I would take 75 cents all day)

Bond holders, who have the greatest legal title to assets are protected to an extent.

Process is quick, reducing impact on the truly essential services for responsible, tax paying members of the state.

California serves as an example to the rest of the country and reduces moral hazard. (I'm looking at you NJ and NY)

It will never happen, but this is a thought exercise, right?]]> http://seekingalpha.com/article/123124/comments?source=feed#comment-407215 407215 Sat, 28 Feb 2009 16:37:12 -0500 http://seekingalpha.com/article/123301/comments?source=feed#comment-407211 407211 Please cite your sources on China & Russia central bank buying. ]]> Sat, 28 Feb 2009 16:28:43 -0500 Please cite your sources on China & Russia central bank buying. ]]> http://seekingalpha.com/article/122470/comments?source=feed#comment-403790 403790 Wed, 25 Feb 2009 20:30:52 -0500 http://seekingalpha.com/article/118422/comments?source=feed#comment-376313 376313 Wed, 04 Feb 2009 22:27:56 -0500 http://seekingalpha.com/article/116250/comments?source=feed#comment-365247 365247 OneUnited
Omni National
Home Federal
Harbor Bank of Maryland
Texas National
Bank Atlantic]]> Sat, 24 Jan 2009 20:23:36 -0500 OneUnited
Omni National
Home Federal
Harbor Bank of Maryland
Texas National
Bank Atlantic]]> http://seekingalpha.com/article/115487/comments?source=feed#comment-361350 361350 Tue, 20 Jan 2009 19:54:34 -0500 http://seekingalpha.com/article/114697/comments?source=feed#comment-356125 356125 Wed, 14 Jan 2009 21:23:53 -0500 http://seekingalpha.com/article/114041/comments?source=feed#comment-351538 351538 Sat, 10 Jan 2009 07:51:32 -0500 http://seekingalpha.com/article/112671/comments?source=feed#comment-341934 341934 ]]> Tue, 30 Dec 2008 19:55:25 -0500 ]]> http://seekingalpha.com/article/112169/comments?source=feed#comment-337808 337808 I want to share a story told by Sister Maria Jose Hobday, a Franciscan nun and author who has written and lectured internationally for 30 years on Native American spirituality, prayer, and simplicity. In the 1930s, her family was living on the edge of poverty:

"One Saturday evening I was working late on my homework. I was in the living room, my brothers were outside with their friends, and my parents were in the kitchen, discussing our financial situation. It was very quiet, and I found myself more and more following the kitchen conversation rather than attending to my homework. Mama and Daddy were talking about what had to be paid for during the week, and there was very little money -- a few dollars.

"As I listened, I became more and more anxious, realizing there was not enough to go around. They spoke of school needs, of fuel bills, of food. Suddenly the conversation stopped, and my mother came into the room where I was studying. She put the money -- a couple of bills and a handful of change -- on the desk. ‘Here,' she said, ‘go find two or three of your brothers and run to the drugstore before it closes. Use this money to buy strawberry ice cream.' I was astonished! I was a smart little girl, I knew we needed this money for essentials. So I objected. ‘What? We have to use this to pay bills, Mama, to buy school things. We can't spend this on ice cream!' Then I added, ‘I'm going to ask Daddy.' So I went to my father, telling him what Mother had asked me to do. Daddy looked at me for a moment, then threw back his head and laughed. ‘You mother is right, honey,' he said. ‘When we get this worried and upset about a few dollars, we are better off having nothing at all. We can't solve all the problems, so maybe we should celebrate instead. Do as your mother says.'

"So I collected my brothers and went to the drugstore. In those days, you could get a lot of ice cream for a few dollars, and we came home with our arms full of packages. My mother had set the table, made fresh coffee, put out what cookies we had and invited the neighbors. It was a great party! I do not remember what happened concerning other needs, but I remember the freedom and fun of that evening. I thought about that evening many times, and came to realize that spending a little money for pleasure was not irresponsible. It was a matter of survival of the spirit. The bills must have been paid; we made it through the weeks and months that followed. I learned my parents were not going to allow money to dominate them. I learned something of the value of money, of its use. I saw that of itself it was not important but that my attitude toward it affected my own spirit, could reduce me to powerlessness or give me power of soul."

Wishing you power of soul in abundance in the New Year.
]]> Wed, 24 Dec 2008 17:25:58 -0500 I want to share a story told by Sister Maria Jose Hobday, a Franciscan nun and author who has written and lectured internationally for 30 years on Native American spirituality, prayer, and simplicity. In the 1930s, her family was living on the edge of poverty:

"One Saturday evening I was working late on my homework. I was in the living room, my brothers were outside with their friends, and my parents were in the kitchen, discussing our financial situation. It was very quiet, and I found myself more and more following the kitchen conversation rather than attending to my homework. Mama and Daddy were talking about what had to be paid for during the week, and there was very little money -- a few dollars.

"As I listened, I became more and more anxious, realizing there was not enough to go around. They spoke of school needs, of fuel bills, of food. Suddenly the conversation stopped, and my mother came into the room where I was studying. She put the money -- a couple of bills and a handful of change -- on the desk. ‘Here,' she said, ‘go find two or three of your brothers and run to the drugstore before it closes. Use this money to buy strawberry ice cream.' I was astonished! I was a smart little girl, I knew we needed this money for essentials. So I objected. ‘What? We have to use this to pay bills, Mama, to buy school things. We can't spend this on ice cream!' Then I added, ‘I'm going to ask Daddy.' So I went to my father, telling him what Mother had asked me to do. Daddy looked at me for a moment, then threw back his head and laughed. ‘You mother is right, honey,' he said. ‘When we get this worried and upset about a few dollars, we are better off having nothing at all. We can't solve all the problems, so maybe we should celebrate instead. Do as your mother says.'

"So I collected my brothers and went to the drugstore. In those days, you could get a lot of ice cream for a few dollars, and we came home with our arms full of packages. My mother had set the table, made fresh coffee, put out what cookies we had and invited the neighbors. It was a great party! I do not remember what happened concerning other needs, but I remember the freedom and fun of that evening. I thought about that evening many times, and came to realize that spending a little money for pleasure was not irresponsible. It was a matter of survival of the spirit. The bills must have been paid; we made it through the weeks and months that followed. I learned my parents were not going to allow money to dominate them. I learned something of the value of money, of its use. I saw that of itself it was not important but that my attitude toward it affected my own spirit, could reduce me to powerlessness or give me power of soul."

Wishing you power of soul in abundance in the New Year.
]]> http://seekingalpha.com/article/111999/comments?source=feed#comment-337257 337257 Wed, 24 Dec 2008 00:38:21 -0500 http://seekingalpha.com/article/97724/comments?source=feed#comment-267897 267897 Sun, 28 Sep 2008 19:29:09 -0400 http://seekingalpha.com/article/91974/comments?source=feed#comment-236705 236705 Fri, 22 Aug 2008 14:37:37 -0400 http://seekingalpha.com/article/91167/comments?source=feed#comment-231222 231222 I love your articles. Keep the video's coming, that was hilarious. ]]> Fri, 15 Aug 2008 11:44:08 -0400 I love your articles. Keep the video's coming, that was hilarious. ]]> http://seekingalpha.com/article/90160/comments?source=feed#comment-230732 230732 no problem on the thread, I found it very interesting. That's what I'm here for, variety of opinions. Thanks for keeping the discussion going. ]]> Thu, 14 Aug 2008 20:38:42 -0400 no problem on the thread, I found it very interesting. That's what I'm here for, variety of opinions. Thanks for keeping the discussion going. ]]> http://seekingalpha.com/article/89732/comments?source=feed#comment-227703 227703 Mon, 11 Aug 2008 10:08:00 -0400 http://seekingalpha.com/article/90160/comments?source=feed#comment-227655 227655 While I agree that COF has been able to post some decent numbers, my point is that the risk in their business model has been picking up in ALL areas. The stock does not appear to be reflecting this risk. ]]> Mon, 11 Aug 2008 09:23:02 -0400 While I agree that COF has been able to post some decent numbers, my point is that the risk in their business model has been picking up in ALL areas. The stock does not appear to be reflecting this risk. ]]>