Johnc222's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/243798/comments http://seekingalpha.com/article/162967-why-we-need-to-shrink-america-s-bloated-finance-sector?source=feed#comment-687278 687278
Another words it all started with de-regulation, repeal of glas-steagal, unregulated hedge funds.

When all the regulation was dismantled,....on the bank's 18 th birthday.....well the girls went .."Wild".]]> Wed, 23 Sep 2009 08:58:17 -0400
Another words it all started with de-regulation, repeal of glas-steagal, unregulated hedge funds.

When all the regulation was dismantled,....on the bank's 18 th birthday.....well the girls went .."Wild".]]> http://seekingalpha.com/article/160120-fannie-and-freddie-sticking-it-to-the-taxpayers?source=feed#comment-663791 663791
The Value of those MBS bought from the banks by the GSE was rock at bottom prices. Here a tip...The Market is starting to turn up.

Therefore isn't it logical to assume that the value of those assets held at the GSE will also increase..?

FRE owes the Treasury $ 56 e+9 ....56 e+9 / 2 e+12 * 100 = 2.8 % of FRE portfolio holdings.

FRE will have no problem paying off the Government.

Also don't underestimate the intangible I talk about earlier...people only value the numbers. But, once again....FRE/FNM was there...!!! to support the Mortgage Market..WHEN there was NO ..Market..!!!

That also has.........." VALUE".]]> Sun, 06 Sep 2009 08:52:52 -0400
The Value of those MBS bought from the banks by the GSE was rock at bottom prices. Here a tip...The Market is starting to turn up.

Therefore isn't it logical to assume that the value of those assets held at the GSE will also increase..?

FRE owes the Treasury $ 56 e+9 ....56 e+9 / 2 e+12 * 100 = 2.8 % of FRE portfolio holdings.

FRE will have no problem paying off the Government.

Also don't underestimate the intangible I talk about earlier...people only value the numbers. But, once again....FRE/FNM was there...!!! to support the Mortgage Market..WHEN there was NO ..Market..!!!

That also has.........." VALUE".]]> http://seekingalpha.com/article/160120-fannie-and-freddie-sticking-it-to-the-taxpayers?source=feed#comment-663781 663781
Well, since FRE/FNM held most of America's mortgages in some form or another at the bottom of the housing crisis, the WORTH was savagely compromised. Now, that the Economy is turning up and most consensus would state that the Recession is over. You would natural conclude that the WORTH of FRE/FNM holdings would also increase in value.

FRE/FNM hold Trillion of dollars in assets (approx. 5.6 T) not billion, but Trillion alot of that was taken on the books at distressed levels. When the MBS membership was leverage 40X and recieved their Margin calls. The GSE step in and bought therefore supporting the market, that the Banks had destroyed.

Those destressed assets are now starting to rise in value. FRE with it's trillions dollar portfolio will have more then the 56 billion in worth to pay off the Government.

So, once again most of the analysis subscribed to the GSE was done at the bottom of the Market. Wait one more quarter or two and re-examined your math,...then tell me the GSE have no Value.-johnc222....Happy Labor Day...folks]]> Sun, 06 Sep 2009 08:38:13 -0400
Well, since FRE/FNM held most of America's mortgages in some form or another at the bottom of the housing crisis, the WORTH was savagely compromised. Now, that the Economy is turning up and most consensus would state that the Recession is over. You would natural conclude that the WORTH of FRE/FNM holdings would also increase in value.

FRE/FNM hold Trillion of dollars in assets (approx. 5.6 T) not billion, but Trillion alot of that was taken on the books at distressed levels. When the MBS membership was leverage 40X and recieved their Margin calls. The GSE step in and bought therefore supporting the market, that the Banks had destroyed.

Those destressed assets are now starting to rise in value. FRE with it's trillions dollar portfolio will have more then the 56 billion in worth to pay off the Government.

So, once again most of the analysis subscribed to the GSE was done at the bottom of the Market. Wait one more quarter or two and re-examined your math,...then tell me the GSE have no Value.-johnc222....Happy Labor Day...folks]]> http://seekingalpha.com/article/159342-open-letter-to-fhfa-s-new-director-how-about-an-agency-preferred-stock-swap-for-reo?source=feed#comment-655861 655861
These GSE must survive, one way to ensure their survival is to convert the Treasury perfered shares into common equity.

That would allow FRE to keep it's capital at the facility for operational expenses. Instead of paying out a divy of 1.1 Billion dollars to the Treasury Dept.

Taking a Divy from FRE make absolutely No Sense.]]> Tue, 01 Sep 2009 07:32:56 -0400
These GSE must survive, one way to ensure their survival is to convert the Treasury perfered shares into common equity.

That would allow FRE to keep it's capital at the facility for operational expenses. Instead of paying out a divy of 1.1 Billion dollars to the Treasury Dept.

Taking a Divy from FRE make absolutely No Sense.]]> http://seekingalpha.com/article/159217-the-fannie-and-freddie-anomaly?source=feed#comment-655178 655178
When the banks were leverage to their eye balls and recieved a margin call, they were forced to liquidate their holding. FRE step-up and bought alot of these assets for 10 cents on the dollar.

So, when the Economy eventually turns up and these assets increase in valaue. FRE will sell them off at a huge profit.]]> Mon, 31 Aug 2009 15:03:10 -0400
When the banks were leverage to their eye balls and recieved a margin call, they were forced to liquidate their holding. FRE step-up and bought alot of these assets for 10 cents on the dollar.

So, when the Economy eventually turns up and these assets increase in valaue. FRE will sell them off at a huge profit.]]> http://seekingalpha.com/article/158688-how-goldman-sachs-games-the-system?source=feed#comment-654279 654279
Goldman profits from the CDS play are worth Tens of billions and keep rolling in.

Goldman better find a way to return the profits back to the Banks in this country or the full wait of Uncle sam will come crashing down on them.

As far as the SEC is concerned...SEC is worthless,..they allowed Naked Shorting to go on for over 10 years..denying that NSS was even taking place. Then they gave of REG-Sho which was a joke. Then Chric Cox contributed lehmans sharpe drop to NSS.

Then final SEC voted to ban Naked Shorting(NSS)...Voted..? but wait according to the 1932 &33 security Acts NSS was already illegal.

The SEC has been corrupted by the revolving door of wall street...their Inspector General will find those that sold out the integrity of that Agency.

SEC has allowed manipulation by Shorting syndicates to go for years, destroying and stealing America's capital.]]> Mon, 31 Aug 2009 08:01:29 -0400
Goldman profits from the CDS play are worth Tens of billions and keep rolling in.

Goldman better find a way to return the profits back to the Banks in this country or the full wait of Uncle sam will come crashing down on them.

As far as the SEC is concerned...SEC is worthless,..they allowed Naked Shorting to go on for over 10 years..denying that NSS was even taking place. Then they gave of REG-Sho which was a joke. Then Chric Cox contributed lehmans sharpe drop to NSS.

Then final SEC voted to ban Naked Shorting(NSS)...Voted..? but wait according to the 1932 &33 security Acts NSS was already illegal.

The SEC has been corrupted by the revolving door of wall street...their Inspector General will find those that sold out the integrity of that Agency.

SEC has allowed manipulation by Shorting syndicates to go for years, destroying and stealing America's capital.]]> http://seekingalpha.com/article/158379-time-to-change-gses-deal-with-treasury?source=feed#comment-648587 648587
The intent was to shore them up until they could get back onto their feet. The U.S. should NOT...be taking a DIVY from... FRE, that money should stay at FRE and be used for operations.

Doesn't make much sense to be taking Capital from the GSE and shoring them up at the same time. The USA doesn't need the 1.1 billion in Divy's . What the USA needs is a strong and healthy Dealer in the mortgage markets.

So, it's time for the Treasury to convert the prefers into common equity.]]> Thu, 27 Aug 2009 08:49:49 -0400
The intent was to shore them up until they could get back onto their feet. The U.S. should NOT...be taking a DIVY from... FRE, that money should stay at FRE and be used for operations.

Doesn't make much sense to be taking Capital from the GSE and shoring them up at the same time. The USA doesn't need the 1.1 billion in Divy's . What the USA needs is a strong and healthy Dealer in the mortgage markets.

So, it's time for the Treasury to convert the prefers into common equity.]]> http://seekingalpha.com/article/158375-fannie-and-freddie-shares-soar-though-value-in-question?source=feed#comment-646839 646839
The Government had asked FRE & FNM to acquire alot of this paper from the Banks,..so by them(U.S.) taking it on their balance sheet seems appropiate.

Also, why is the U.S. Treasury taking a Divy from FRE, this makes no sense, since the money would be better left at FRE for operational purposes.

The U.S. Treasury didn't help these financials to make money, that wasn't the motivation. By converting their perfers to common they would allow FRE to get back on it's feet,...that much faster.

After all FRE paid the U.S. 1.1 Billion on the last Divy. That money should be kept at FRE for operational expenses.

Time to convert.]]> Wed, 26 Aug 2009 08:13:48 -0400
The Government had asked FRE & FNM to acquire alot of this paper from the Banks,..so by them(U.S.) taking it on their balance sheet seems appropiate.

Also, why is the U.S. Treasury taking a Divy from FRE, this makes no sense, since the money would be better left at FRE for operational purposes.

The U.S. Treasury didn't help these financials to make money, that wasn't the motivation. By converting their perfers to common they would allow FRE to get back on it's feet,...that much faster.

After all FRE paid the U.S. 1.1 Billion on the last Divy. That money should be kept at FRE for operational expenses.

Time to convert.]]> http://seekingalpha.com/article/156947-the-real-source-of-bofa-s-troubles-ken-lewis?source=feed#comment-636075 636075
People, that have the gripe pipe in their mouths are the ones ,..who were asked to pick the ball up and kept dropping it. To bench these people was the right decesion.

America aleady has to many Belly achers and complainers.-johnc222]]> Wed, 19 Aug 2009 06:56:30 -0400
People, that have the gripe pipe in their mouths are the ones ,..who were asked to pick the ball up and kept dropping it. To bench these people was the right decesion.

America aleady has to many Belly achers and complainers.-johnc222]]> http://seekingalpha.com/article/156113-fed-manipulation-adding-to-the-bloggers-case?source=feed#comment-629442 629442
The 1.1 billion dollars the Treasury is taking from FRE would be better kept at the GSE for operational expensive. The faster FRE gets back onto it's feet the better for everyone.

Time for the Treasury to convert those perfered shares into common.

It like there takeing money from a cripple person, it's a little distasteful...let FRE keep it's 1.1 Billion for it operations.
]]> Fri, 14 Aug 2009 06:58:56 -0400
The 1.1 billion dollars the Treasury is taking from FRE would be better kept at the GSE for operational expensive. The faster FRE gets back onto it's feet the better for everyone.

Time for the Treasury to convert those perfered shares into common.

It like there takeing money from a cripple person, it's a little distasteful...let FRE keep it's 1.1 Billion for it operations.
]]> http://seekingalpha.com/article/155863-has-the-fed-s-exit-strategy-already-begun?source=feed#comment-628661 628661
The Treasury should convert those prefered shares to common, after all the Governemnt did not invest in these financials to make money but to support then through a Savage down turn in the Economy.

It's distasteful like taking money from a cripple person.

Time to convert to common.]]> Thu, 13 Aug 2009 15:15:48 -0400
The Treasury should convert those prefered shares to common, after all the Governemnt did not invest in these financials to make money but to support then through a Savage down turn in the Economy.

It's distasteful like taking money from a cripple person.

Time to convert to common.]]> http://seekingalpha.com/article/155998-enough-with-the-buffett-critics?source=feed#comment-628655 628655
FRE would be far better off if Treasury converted the prefered into common shares. FRE would be far better off and faster to return to it's feet.

It like the Treasury is taking money from a cripple person.

Time to convert....Tim]]> Thu, 13 Aug 2009 15:11:43 -0400
FRE would be far better off if Treasury converted the prefered into common shares. FRE would be far better off and faster to return to it's feet.

It like the Treasury is taking money from a cripple person.

Time to convert....Tim]]> http://seekingalpha.com/article/155669-yes-virginia-there-are-no-reserve-requirements-part-2-2?source=feed#comment-626503 626503
They can but penalty usually prevents that. CD are an asset to banks capital and not liabilities.]]> Wed, 12 Aug 2009 10:08:26 -0400
They can but penalty usually prevents that. CD are an asset to banks capital and not liabilities.]]> http://seekingalpha.com/article/154636-is-goldman-sachs-really-doing-anything-wrong?source=feed#comment-619410 619410
Their bids in the CDS market where suppose to be private, however most got leaked into the press. The bids were between to MM in the CDS market bidding between one another driving the CDS artifically higher and then the bid was leaked. Naturally, the Market thought the XYZ corporation was going into Chapt.11 since the CDS was soaring...then the naked Shrters took over to finish the job of driving the company into the ground.

I could go on but the rest is history as they say. ...SEC is investigating, however who is investigating the SEC their revolving door between Wall Street and the Commission has contributed to the American people's destruction of the Nation's Wealth.-johnc222

p.s. XYZ Corp. is an example....however see if lehman fits the bill or AIG]]> Fri, 07 Aug 2009 08:47:55 -0400
Their bids in the CDS market where suppose to be private, however most got leaked into the press. The bids were between to MM in the CDS market bidding between one another driving the CDS artifically higher and then the bid was leaked. Naturally, the Market thought the XYZ corporation was going into Chapt.11 since the CDS was soaring...then the naked Shrters took over to finish the job of driving the company into the ground.

I could go on but the rest is history as they say. ...SEC is investigating, however who is investigating the SEC their revolving door between Wall Street and the Commission has contributed to the American people's destruction of the Nation's Wealth.-johnc222

p.s. XYZ Corp. is an example....however see if lehman fits the bill or AIG]]> http://seekingalpha.com/article/154317-goldman-goes-off-message?source=feed#comment-618163 618163
Pyschology of the market was priced to destruction, insolvency, chapt.11. ,...Well it's NOT going to happen.-johnc222]]> Thu, 06 Aug 2009 12:12:11 -0400
Pyschology of the market was priced to destruction, insolvency, chapt.11. ,...Well it's NOT going to happen.-johnc222]]> http://seekingalpha.com/article/148944-did-goldman-gain-from-america-s-pain?source=feed#comment-588840 588840
Goldman set the banks up beautifully....they gave the banks a lesson in how Wall street really works,.

The repeal of Glass-Steagal was a blessing to Goldman.... johnc222]]> Wed, 15 Jul 2009 09:21:58 -0400
Goldman set the banks up beautifully....they gave the banks a lesson in how Wall street really works,.

The repeal of Glass-Steagal was a blessing to Goldman.... johnc222]]> http://seekingalpha.com/article/132624-bofa-given-hush-money-will-lewis-step-down?source=feed#comment-474044 474044 Lehman it'self almost took the country down can you imagine couple with a Merrill failure wha would have occured..?]]> Thu, 23 Apr 2009 09:57:29 -0400 Lehman it'self almost took the country down can you imagine couple with a Merrill failure wha would have occured..?]]> http://seekingalpha.com/article/115920-why-it-s-time-to-overhaul-the-banking-system?source=feed#comment-363050 363050
There are 596 trillion dollars of derivatives out there,...could be as high as a quadrillion (1000 Trillion).

Most were written under false pretenses and currupted rating agencies with huge conflicts of interest. The OTC market is corrupt.

It would be benefical and easier to Void or freeze these contracts to be examined more closely. then the alternative which is the total destruction of the World's banking system.]]> Thu, 22 Jan 2009 11:18:00 -0500
There are 596 trillion dollars of derivatives out there,...could be as high as a quadrillion (1000 Trillion).

Most were written under false pretenses and currupted rating agencies with huge conflicts of interest. The OTC market is corrupt.

It would be benefical and easier to Void or freeze these contracts to be examined more closely. then the alternative which is the total destruction of the World's banking system.]]> http://seekingalpha.com/article/105587-wednesday-market-outlook-failing-automakers-drag-stocks-down?source=feed#comment-303915 303915
What the author of this article "FAILS" to realize is that,..the greatest generation would not have been as great. The three most important companies that have contributed to the success of World War II...were Boeing, GM,...and Ford. Without these companies building our Troop Transports, Tanks, Hitler and his animals would have been Goose stepping down Pennsylvania Avenue.

Not only did they build,...but through their R&D facilities they improved and built new, better and improved on the equipment we sent to the Greatest Generation.

Also, people don't know is that Russian now have Bombers in Latin America and Hugo Chavez is doing his best to encourage the country of China to open up a Military base in his country. Southern command need to be worried..!

The Automobile Industry throughout the years in this country history have generated more wealth for the U.S. Treasury then they are asking for at the moment. The health of the Auto Industry is a National Security issue. If you allow these companies to fail you loose close to 3 million jobs ...3 million which includes all the secondary jobs of the suppliers. We would go from 7% Unemployment to 20%. From a Recession into another Great Depression.

The future of America is the survival of the Autos,...we spend $ 700,000,000,000 a year on our gasoline bill and send it to people who want us DEAD both as a people and a Nation. When the automobile companies break off our dependents on Gasoline through their R&D our Nation will have additional tens to hundreds of billions of dollars to invest in Education and Health care and National defense.

God save the USA---john Reply |Report abuse]]> Wed, 12 Nov 2008 09:15:48 -0500
What the author of this article "FAILS" to realize is that,..the greatest generation would not have been as great. The three most important companies that have contributed to the success of World War II...were Boeing, GM,...and Ford. Without these companies building our Troop Transports, Tanks, Hitler and his animals would have been Goose stepping down Pennsylvania Avenue.

Not only did they build,...but through their R&D facilities they improved and built new, better and improved on the equipment we sent to the Greatest Generation.

Also, people don't know is that Russian now have Bombers in Latin America and Hugo Chavez is doing his best to encourage the country of China to open up a Military base in his country. Southern command need to be worried..!

The Automobile Industry throughout the years in this country history have generated more wealth for the U.S. Treasury then they are asking for at the moment. The health of the Auto Industry is a National Security issue. If you allow these companies to fail you loose close to 3 million jobs ...3 million which includes all the secondary jobs of the suppliers. We would go from 7% Unemployment to 20%. From a Recession into another Great Depression.

The future of America is the survival of the Autos,...we spend $ 700,000,000,000 a year on our gasoline bill and send it to people who want us DEAD both as a people and a Nation. When the automobile companies break off our dependents on Gasoline through their R&D our Nation will have additional tens to hundreds of billions of dollars to invest in Education and Health care and National defense.

God save the USA---john Reply |Report abuse]]> http://seekingalpha.com/article/105587-wednesday-market-outlook-failing-automakers-drag-stocks-down?source=feed#comment-303907 303907
What the author of this article "FAILS" to realize is that,..the greatest generation would not have been as great. The three most important companies that have contributed to the success of World War II...were Boeing, GM,...and Ford. Without these companies building our Troop Transports, Tanks, Hitler and his animals would have been Goose stepping down Pennsylvania Avenue.

Not only did they build,...but through their R&D facilities they improved and built new, better and improved on the equipment we sent to the Greatest Generation.

Also, people don't know is that Russian now have Bombers in Latin America and Hugo Chavez is doing his best to encurage the country of China to open up a Military base in his country. Southern command need to be worried..!

The Automobile Industry throughout the years in this country history have generated more wealth for the U.S. Treasury then they are asking for at the moment. The health of the Auto Industry is a National Security issue. If you allow these companies to fail you loose close to 3 million jobs ...3 million which includes all the secondary jobs of the suppliers. We would go from 7% Unemployment to 20%. From a Recession into another Great Depression.

The future of America is the survival of the Autos,...we spend $ 700,000,000 a year on our gasoline bill and send it to people who want us DEAD both as a people and a Nation. When the automobile companies break off our dependents on Gasoline through their R&D our Nation will have additional tens to hundreds of billions of dollars to invest in Education and Health care and National defense.

God save the USA---john]]> Wed, 12 Nov 2008 09:10:06 -0500
What the author of this article "FAILS" to realize is that,..the greatest generation would not have been as great. The three most important companies that have contributed to the success of World War II...were Boeing, GM,...and Ford. Without these companies building our Troop Transports, Tanks, Hitler and his animals would have been Goose stepping down Pennsylvania Avenue.

Not only did they build,...but through their R&D facilities they improved and built new, better and improved on the equipment we sent to the Greatest Generation.

Also, people don't know is that Russian now have Bombers in Latin America and Hugo Chavez is doing his best to encurage the country of China to open up a Military base in his country. Southern command need to be worried..!

The Automobile Industry throughout the years in this country history have generated more wealth for the U.S. Treasury then they are asking for at the moment. The health of the Auto Industry is a National Security issue. If you allow these companies to fail you loose close to 3 million jobs ...3 million which includes all the secondary jobs of the suppliers. We would go from 7% Unemployment to 20%. From a Recession into another Great Depression.

The future of America is the survival of the Autos,...we spend $ 700,000,000 a year on our gasoline bill and send it to people who want us DEAD both as a people and a Nation. When the automobile companies break off our dependents on Gasoline through their R&D our Nation will have additional tens to hundreds of billions of dollars to invest in Education and Health care and National defense.

God save the USA---john]]> http://seekingalpha.com/article/101371-ford-federal-loan-package-doesn-t-entice-kerkorian-to-stick-around?source=feed#comment-288483 288483
Hugo Chavez has invited the Russian into Latin America and is trying his best to entice the Chinese there to open up a Military base. Southern Command needs to be worried.

The autor of this article is making the mistakes we have made over the last 20 years which is to be to short term orientated. One of the reasons Toyota Motor is so successful is that the Bank of Tokyo owns a large share in the company. And the Japanese Government owns a large share of the Bank of Tokyo...so you see Japan Inc. is alive and well. How can the big 3 be expected to compete against the entire country of Japan ?

That 25 bilion dollars the U.S. Taxpayer invested in the big 3 will pay dividends for Generations. Every dollar that is saved by not buying gasoline will only make the United states stronger in the long run.

So, once agin the author of this article has one big problem in my opinion....which is he has no..... Imaginaton.]]> Thu, 23 Oct 2008 08:28:57 -0400
Hugo Chavez has invited the Russian into Latin America and is trying his best to entice the Chinese there to open up a Military base. Southern Command needs to be worried.

The autor of this article is making the mistakes we have made over the last 20 years which is to be to short term orientated. One of the reasons Toyota Motor is so successful is that the Bank of Tokyo owns a large share in the company. And the Japanese Government owns a large share of the Bank of Tokyo...so you see Japan Inc. is alive and well. How can the big 3 be expected to compete against the entire country of Japan ?

That 25 bilion dollars the U.S. Taxpayer invested in the big 3 will pay dividends for Generations. Every dollar that is saved by not buying gasoline will only make the United states stronger in the long run.

So, once agin the author of this article has one big problem in my opinion....which is he has no..... Imaginaton.]]> http://seekingalpha.com/article/91119-an-evaluation-of-the-sec-8217-s-prohibition-on-naked-short-selling?source=feed#comment-230939 230939
You can not just continue to short a company stock in some cases 2x the Outstanding shares of the company, that drives companies into Chapt.11 by denying company the ability to raise capital in the open market.

Naked short selling is a criminal practice most done by off shore Hedge Funds. It's a crime, if you can not deliver the real certs in a 3 day time frame. The DTCC needs to be investigated there is a huge conflict of interest.]]> Fri, 15 Aug 2008 08:12:16 -0400
You can not just continue to short a company stock in some cases 2x the Outstanding shares of the company, that drives companies into Chapt.11 by denying company the ability to raise capital in the open market.

Naked short selling is a criminal practice most done by off shore Hedge Funds. It's a crime, if you can not deliver the real certs in a 3 day time frame. The DTCC needs to be investigated there is a huge conflict of interest.]]>