H&S's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/265264/comments http://seekingalpha.com/article/98860-it-s-the-capital-not-liquidity-stupid?source=feed#comment-277754 277754 A very quick fix could be to suspend the "Mark-to-Market' rule. This is a siily rule that has no scientific basis for its implementation as the crystal-ball of markets has never been found or defined-especially not by the green eye-shade folks!!!!!]]> Thu, 09 Oct 2008 11:14:13 -0400 A very quick fix could be to suspend the "Mark-to-Market' rule. This is a siily rule that has no scientific basis for its implementation as the crystal-ball of markets has never been found or defined-especially not by the green eye-shade folks!!!!!]]> http://seekingalpha.com/article/97427-the-dummy-s-guide-to-the-u-s-financial-crisis?source=feed#comment-265387 265387 How can anyone support this unstable lunatic???
As a long-time Republican I am embarassed for my party and its long history of fiscal discipline and social conservatism.
It has become a party of fringe religious lunatics[Sarah Palin and her witchcraft minister] as well as a Senator who has not released his medical records. At first, I though it was because of his medical history with cancers. I am beginning to think there may be certain medical records relating to his mental instability. Well, if he keeps behaving as he has, we do not need doctors to tell us he's nuts-we are seeing it!!!
BTW, the writer forgot to mention that the insistence on "Free Markets-No Regulation" by McCain and others that has allowed the crazy environment of CDO's/CMO's, etc.
Capitalism needs regulation if we are to have a level-playing field, and that is what was missing here. What has happened here, is akin to having the next World Series or SuperBowl played without rules.
We need temporary stability followed by reasonable financial markets regulation or .................? ]]> Thu, 25 Sep 2008 21:46:33 -0400 How can anyone support this unstable lunatic???
As a long-time Republican I am embarassed for my party and its long history of fiscal discipline and social conservatism.
It has become a party of fringe religious lunatics[Sarah Palin and her witchcraft minister] as well as a Senator who has not released his medical records. At first, I though it was because of his medical history with cancers. I am beginning to think there may be certain medical records relating to his mental instability. Well, if he keeps behaving as he has, we do not need doctors to tell us he's nuts-we are seeing it!!!
BTW, the writer forgot to mention that the insistence on "Free Markets-No Regulation" by McCain and others that has allowed the crazy environment of CDO's/CMO's, etc.
Capitalism needs regulation if we are to have a level-playing field, and that is what was missing here. What has happened here, is akin to having the next World Series or SuperBowl played without rules.
We need temporary stability followed by reasonable financial markets regulation or .................? ]]> http://seekingalpha.com/article/94627-global-capital-asset-death-spiral?source=feed#comment-258247 258247 Only aggressive prosecution of corporate executives who misrepresent or defraud will ever create transparency in markets. If we depend on the CPA's to find the needle in the haystack, there will be no hay left before they are accidentally pinched by the needle!!!!!]]> Thu, 18 Sep 2008 14:19:33 -0400 Only aggressive prosecution of corporate executives who misrepresent or defraud will ever create transparency in markets. If we depend on the CPA's to find the needle in the haystack, there will be no hay left before they are accidentally pinched by the needle!!!!!]]> http://seekingalpha.com/article/96106-the-financial-crisis-explained?source=feed#comment-258242 258242 Then, we brilliantly created a system run by mom&pop sized companies that would get a fee for brokering mortgages which in turn were accepted without any real underlying credit analysis by the Freddie/Fannie fiascos. These fiascos did not have a clue as to underlying credit quality and did not have to because using the full faith & credit of the good old USA they could get rid of the toilet paper they had bought on a global basis and get another fee for it.
Further, whereas the S&L's had some controls and local market knowledge, many of the unregulated mortgage brokers did whatever it took to keep the fees coming in together with the realtors and appraisers[MAI- Made AS Instructed].
Finally, my fellow Republicans need to remember that free markets need rules just like football/basketball/ba... which we all understand would be no fun without rules. Rules make the playing-field level and tend to highlight the rule-breakers more quickly!!!!!
John McCain has not learned this lesson yet-will he ever????]]> Thu, 18 Sep 2008 14:17:04 -0400 Then, we brilliantly created a system run by mom&pop sized companies that would get a fee for brokering mortgages which in turn were accepted without any real underlying credit analysis by the Freddie/Fannie fiascos. These fiascos did not have a clue as to underlying credit quality and did not have to because using the full faith & credit of the good old USA they could get rid of the toilet paper they had bought on a global basis and get another fee for it.
Further, whereas the S&L's had some controls and local market knowledge, many of the unregulated mortgage brokers did whatever it took to keep the fees coming in together with the realtors and appraisers[MAI- Made AS Instructed].
Finally, my fellow Republicans need to remember that free markets need rules just like football/basketball/ba... which we all understand would be no fun without rules. Rules make the playing-field level and tend to highlight the rule-breakers more quickly!!!!!
John McCain has not learned this lesson yet-will he ever????]]>