SugarDaddy

Funding FDIC: Why Banks Should Pay

The FDIC should hand their fee structure based on the quality of a given banks balance sheet, loan portfolio, delinquencies, and other important criteria. Just as an individuals who gets speeding tickets or have constant homeowners claims receive higher premiums or are just dropped.
This will provide incentive for banks to do business the "Right" way or pay the Piper.

It's just this easy, but no, our Gov't leaders are just too stupid and corrupt.

CIT Group: Hope Is Not a Strategy

This kind of reminds me of DIP financing in the normal sense except DIP in this case means Delayed Insolvency Program.

I think big bondholders are taking notice to what the US Gov't clowns are saying and do want to end up like the automaker bondholders. Now their attitude is to continue rolling the dice in a losing battle to put off the day of reckoning !!!

Friday's Failures, Bank Edition

I think these failures should be viewed with a curve mindset, as Lehman's failure w/640 Billion in assets was equivalent to at least 1,280 average banks. If you review all failures since mid 2007 the failure rate is prolly more like 2,500 banks. Take it a step further considering the forced takeover of Merrill Lynch that would have been another 3,500 banks

Cheers and look out below....................

The Next Goldman Acquisition

Stunning article !

Meredith Whitney Ratings

She reminds me a lot of Billy Ray Cyrus........

MarineMax: Boating Liquidation Sale of a Lifetime?

I was at a M-Max dealership last Sunday afternoon. Out of 10 salesman employed in their nice offices, 5 were reading newspapers, 5 called in sick or such. There were a ton of high end boats in slips w/about 0 activity.

Too me this is a stock at $3.00 that will either sit there for years to come still at $3.00 or it will finally go BK.

Why take on undue risk in this macro surrounding us ?

Are Gold ETFs Trapped in a Bubble?

In the 20's an ounce of Gold would buy you a decent suit & tie. Again in 2009 an ounce of Gold will do the same $950.

Case closed for me !

The Trouble with Latvia: What It Is and Why It Matters

Like Dominoes & Swine Flu, it's all going to bite us in the ass one way or another........

Bank of America Shares Now Worth Less

EPS, always goes south with more dilution, normal, what are the rest of you brainacs thinking.

IMHO, anyone long BAC must have their heads examined for being at the wrong table in this big casino. By November you will see it clearly.

How Does $9000 Gold Sound?

The entire world financial system is such a farce, it will never be remedied in our lifetimes. Why bother w/the rhetoric ?

Why Isn't JPM 'Too Big to Fail?'

JPM has been the "Shadow" banking arm(read power fist) for the Treasury/Fed Reserve since 1913. What's new, they manipulate the gold futures and anything else on the Gubimints agenda and always will. Sheeeesh

How AIG Bamboozled the Government

At present their is no way our Gov't could begin to afford the several trillion dollar exposure in AIG's portfolio. So, we have to let it eat away at us like a cancer for light years ahead, party over.

AIG Tax: So Bad It's Good

I put Rangel in the same low-class as Frank & Dodd, corruptors of Wash DC.

Gold: Not a Bubble

Forget everyone here who suggest any form of paper or certificate in lieu of. Physical is the only route to go for a number of reasons, safety being the top priority.

If/when SHTF, I wouldn't want to have to travel to any big city in this country or abroad carrying a certificate that says "I own some gold and I want it now".

Banning M2M: The Worst Mistake in History

M2M was initiated for a reason don't you think. The policy should stand as written.