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  • Goldman Sachs: Why Aren't Trading Profits Raising Any Red Flags? [View article]
    I wouldn't want to play poker with GS. They are dealing the cards and playing a hand, with a least 1 buddy at the table. I fold and am leaving the table.
    May 6, 2009. 06:29 PM | 6 Likes Like |Link to Comment
  • SEC Launches First CDS Insider Trading Case [View article]
    Hopefully, this is just the first of many prosecutions in the rampant,ongoing securities frauds. There needs to be a huge $ amount of penalties and disgorgements in order to reimburse the taxpayers who get stuck holding the bag.
    May 5, 2009. 03:20 PM | 1 Like Like |Link to Comment
  • Agriculture Stocks Still Make Sense, When Selected Wisely [View article]
    If people don't buy pork, then they will buy chicken or beef. Either way, the farmer still sells his crop.
    With the rising populations, we are approaching infinite demand, met by finite supply. Only fertilizers will provide the "juice" to drive up crop yields. If farmers are worried about crop prices, then don't plant! If they plant, the only smart decision is to fertilize. In for a penny, in for a pound.
    Apr 27, 2009. 06:50 PM | 3 Likes Like |Link to Comment
  • Is FDIC's Sheila Bair Proposing a New RTC? [View article]
    At least the RTC style receivership has a history and is known to work, however painful for the shareholder and unsecured creditors.
    Under the PPIP, the system will be gamed, management will stay in place, and the taxpayers will be left holding the bag.

    Bad business decisions should have consequences, and bad managers should not be given more money to gamble away on the crap shoot that is PPIP. At the very least, with receivership, one can get rid of the bad managers (and not even have to pay them a bonus).
    Apr 27, 2009. 06:37 PM | Likes Like |Link to Comment
  • Why You Should Hold Aussie / New Zealand Dollars and Gold [View article]
    I've been thinking about the AU currency as a safe play (lots of commodities, low pop., geographic safety), but am a little concerned about their ties to GBrit.. If the mother country says print, will the Aussies jump or resist. Same with NZ. Mutton,beef, lumber and dairy are also good commodities. Any comments about the "independence" of the NZ and Aus CBs would be welcome.
    Apr 24, 2009. 08:08 PM | 2 Likes Like |Link to Comment
  • Goldman's Hubris [View article]
    Treasury won't slap them (GS) down. Timmy will call up and say "Awaiting further instructions, Boss".
    Apr 15, 2009. 04:22 PM | 2 Likes Like |Link to Comment
  • It's 'Hammer Time' for Gold [View article]
    This recycling of gold has been very interesting, and it raises several questions.

    1. Is the whole thing just an arbitrage between the lower scrap price and the higher refined price? Or

    2. Is it a market/guv way of nicely calling in gold? i.e. We get your gold for some funny money. Since it takes some pretty serious money to get Superbowl ads, who puts that money up? I have read that these mail-in companies hose the sellers badly. Recently, local gold buying events have been much fairer to the seller.

    Certainly, buying scrap is cheaper and more sure than mining gold.

    Like one poster somewhere said, pretty soon, only the rich people will wear gold.

    Apr 9, 2009. 09:24 PM | 3 Likes Like |Link to Comment
  • Long Visa: Not All Credit Card Companies Are Created Equal [View article]
    Go Visa. Kick AIG & C out of the DOW, and put in V, a company that will grow. This will stabilize all markets.
    Apr 2, 2009. 09:15 AM | Likes Like |Link to Comment
  • Did the ECB Save COMEX from Gold Default? [View article]
    All western CBs are shorting gold because a rise in price would threaten their fiats. Taking delivery will eventually exhaust the vaults at least to the point where CBs will stop bailing out their buddies. Delivery will continue by the arabs and asians as they no longer trust the western fiats. Can you say short squeeze.

    Those shorties better settle soon in cheap fiat.

    To the author--An excellently written, meaningful and accurate article. Good Job! Going in watchlist.
    Apr 2, 2009. 09:02 AM | 30 Likes Like |Link to Comment
  • MasterCard and Visa: The Pleasure of Plastic [View article]
    It is past time to kick C and AIG out of the DOW, and to install V as a replacement. This will help to stabilize all markets, and most importantly, enrich me.
    Apr 1, 2009. 05:34 PM | 4 Likes Like |Link to Comment
  • Big Banks: Pulling Off the Ultimate Bait and Switch [View article]
    This PPIP or PPIF (Perpetual Ponzi Insurance Plan or Fund) is just another attempt by the kleptocracy ( kleptomaniac aristocracy) to steal more of our money. Will we never learn?
    Mar 28, 2009. 08:08 PM | 9 Likes Like |Link to Comment
  • How Treasury's Bank Bailout Could Make Things Worse [View article]
    Thanks to diligante and betweenthenumbers and MichaelS for pointing out how this scam will be played out.
    Mar 23, 2009. 09:20 PM | 2 Likes Like |Link to Comment
  • The Geithner Plan FAQ [View article]
    The author says we will only need to pay in $3 T more, if this plan is to work. I am so old that I remember when a Billion was a lot of money. Like they say, a trillion here, a trillion there, pretty soon your talking some real money. What is the name for a thousand trillion?
    I guess I will see that print one day.
    Mar 23, 2009. 08:35 PM | Likes Like |Link to Comment
  • 8 Reasons the Obama Administration Will Not Solve This Crisis by the End of 2009 [View article]
    Thank you Mr. Kim! I would rather be told the truth, as painful as it might be, than lied to, anyday. This article reinforces the reason why you are on my watch list.
    Mar 17, 2009. 09:46 PM | 4 Likes Like |Link to Comment
  • Why AIG Wasn't Allowed to Fail [View article]
    Felix, you made a good case for why AIG shouldn't have been allowed to fail, at least at that time. Now, however, it seems the taxpayers are on the hook for the totality of all the CDS paper. Since contracts, even fraudulent ones that were written with full knowledge that AIG could never pay out "must be honored", we taxpayers may end up throwing trillions down this black hole.

    All parties on the other end of the CDS paper have had 6 months to prepare in whatever way for an outcome. We should not give anymore money to AIG and let the chips fall where they may. As Larrysyr said, we really only need a basic check clearing function from these big banks. Smaller banks will then step up, and you can bet that they won't be so stupid to bet their own money on fraudulent insurance contracts backed by AAA ratings from some paid-off whores.
    Mar 17, 2009. 07:36 PM | 3 Likes Like |Link to Comment