kommando

The Wonders of Mark-to-Market: Simultaneously Well-Capitalized and Insolvent

It's not just FASB 157 and MTM. Also factor in the abolition of the uptick rule (which, BTW, was ALSO first instituted during the 30's depression and ALSO removed in 2007). Then layer on the SEC'c criminally negligent lack of enforcement of the illegal practice of naked short selling, and......

Goodbye to $11 trillion dollars of wealth (and counting) and
hello to a thoroughly self-inflcited great depression redux.

After Some Stumbles, Pfizer Is Now Being Very Smart

Hey Jakey,

I don't know what you're smoking and/or drinking to be able to arrive at such fantastically absurd comclusions regarding the bull case for this merged dinosaur - but whatever it is I want some!

Owning Oil in Royalty Trusts

So.....based on your disclosure you are ultra short crude (long SCO is short crude) but you also implied you like to sleep at night, so you are also long crude by owning BPT, and you explicitly suggest that individuals should not be trading crude price changes by owning the likes of SCO and the others you mention in your article.

Please clarify - are you hedging your "long crude" position in BPT against lower crude prices with your trade in SCO, or is shorting crude with the SCO position your primary trade and your position in BPT is a dividend play?

Wells Fargo Sham Revealed

FYI - WFC's recent bond offering is also callable after 5 years, another mitigating factor in risk managment of the potential liability.