stark naked's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/267366/comments http://seekingalpha.com/article/174082-goldman-s-human-face?source=feed#comment-767651 767651 Thu, 19 Nov 2009 13:49:36 -0500 http://seekingalpha.com/article/173390-time-for-the-u-s-economy-to-reindustrialize?source=feed#comment-760929 760929 Sun, 15 Nov 2009 11:46:27 -0500 http://seekingalpha.com/article/170447-game-changer-u-k-decides-too-big-to-fail-is-too-big-to-exist?source=feed#comment-740267 740267 Mon, 02 Nov 2009 10:09:15 -0500 http://seekingalpha.com/article/167662-rajaratnam-indictment-wall-street-wrongdoing-remains-pervasive?source=feed#comment-725296 725296 Thu, 22 Oct 2009 11:31:32 -0400 http://seekingalpha.com/article/167565-the-secret-paulson-goldman-meeting?source=feed#comment-722399 722399 Tue, 20 Oct 2009 14:19:45 -0400 http://seekingalpha.com/article/146195-supreme-court-rules-against-banks-a-win-for-consumer-protection?source=feed#comment-569416 569416

On Jun 30 09:52 AM Angry Banker wrote:

> Conceptually this makes sense, but the downside is that multi-state
> banks will now have to implement 50 different localized compliance
> regimes, which will undoubtedly increase their costs of doing business.
> And you know who bears the burden of those costs, don't you?]]> Tue, 30 Jun 2009 23:49:21 -0400

On Jun 30 09:52 AM Angry Banker wrote:

> Conceptually this makes sense, but the downside is that multi-state
> banks will now have to implement 50 different localized compliance
> regimes, which will undoubtedly increase their costs of doing business.
> And you know who bears the burden of those costs, don't you?]]> http://seekingalpha.com/article/141851-the-coming-economic-collapse-part-2?source=feed#comment-544667 544667 Fri, 12 Jun 2009 18:36:41 -0400 http://seekingalpha.com/article/142775-why-executive-pay-will-remain-a-big-issue?source=feed#comment-544657 544657 Isnt goverment there to enforce a fair system for all so what is different here? ]]> Fri, 12 Jun 2009 18:22:28 -0400 Isnt goverment there to enforce a fair system for all so what is different here? ]]> http://seekingalpha.com/article/133556-pierre-bourdieu-tim-geithner-and-cultural-capital?source=feed#comment-481326 481326 It is a falacy created by wall street that they are necessary for survival of this country. Yes we need credit for the groth of capitalsim... Does the Grameen Bank in Bangladesh not provide credit? What about the local bank or credit union. They are the real engins of growth not BofA.

Currently there are no oppsing views in the adminstration. We urgently need a person at the helm who is not influenced by his time in wall street.]]> Tue, 28 Apr 2009 14:23:12 -0400 It is a falacy created by wall street that they are necessary for survival of this country. Yes we need credit for the groth of capitalsim... Does the Grameen Bank in Bangladesh not provide credit? What about the local bank or credit union. They are the real engins of growth not BofA.

Currently there are no oppsing views in the adminstration. We urgently need a person at the helm who is not influenced by his time in wall street.]]> http://seekingalpha.com/article/125945-why-economists-have-downgraded-obama-to-bush-plus?source=feed#comment-426889 426889 Sun, 15 Mar 2009 18:49:34 -0400 http://seekingalpha.com/article/123432-mortgage-refinancing-is-not-the-solution?source=feed#comment-408529 408529 Sun, 01 Mar 2009 19:33:14 -0500 http://seekingalpha.com/article/116410-misunderstanding-the-great-recession?source=feed#comment-366959 366959 Mon, 26 Jan 2009 18:39:51 -0500 http://seekingalpha.com/article/114966-exclusive-interview-with-jim-rogers-inflation-is-coming?source=feed#comment-358097 358097 Fri, 16 Jan 2009 18:01:16 -0500 http://seekingalpha.com/article/113520-the-new-normal?source=feed#comment-347979 347979
I dont mind getting a raise if everythings going to cost less!]]> Tue, 06 Jan 2009 19:13:27 -0500
I dont mind getting a raise if everythings going to cost less!]]> http://seekingalpha.com/article/113208-the-bailouts-are-doomed-all-of-them?source=feed#comment-346590 346590 The Emperor has new clothes!]]> Mon, 05 Jan 2009 13:33:39 -0500 The Emperor has new clothes!]]> http://seekingalpha.com/article/111752-don-t-be-scammed-by-madoff-investor-sob-stories?source=feed#comment-336894 336894 My view of the bailout is that its payback to the industry for all the money they gave to the politicians!


On Dec 21 05:27 PM PBB wrote:

> Matthew-In all due respect, you have no idea what you're talking
> about. And the comments posted indicated others are equally uninformed
> as to what the investors were told, and what they thought.
> 1. Many of the individuals were not investing in a hedge fund. They
> opened segregated brokerage accounts in a registered broker/dealer,
> and otherwise provided Madoff with discretionary investing over these
> accounts.
> 2. The concept that these people thought that Madoff was making money
> for them by 'front running' is preposterous.
> 3. Its not as if other fund 'managers' weren't delivering similar,
> if not greater returns over the past decade. Paulson (John, not Henry);
> Paul Jones; George Soros (his returns were more volatile, perhaps),
> and even lesser-known people such as Israel Englander's Millenium
> Partners. So receiving 8%-10% per year, when more high profile funds
> were reporting 2x that amount was nothing short of brilliant on the
> part of Madoff. He appealed to the investors sense of conservatism
> and low-risk tolerance.
>
> 4. SIPC provides no more than $500,000 in protection.Nobody knows
> what the average account size was. Let's guess the mean was $2.5
> million--but because at least 50 individuals had more than $10 million
> on depsoit, and at least two dozen had $50 million+, and some representing
> the absolute entirety of their assets (excluding their home, or perhaps
> two homes), those people, at best, will be able to recover $500k.
> The vast majority are in their late 60's to early 80's. That means
> that those that lost every penny will have to wait at least two years
> before they see any SIPC money, if they do at all. OK, they'll have
> $500k to support themselves for the next 15-20 years.
>
> So the typical profile, a 73year old man and his wife, will need
> to survive on a budget of $25,000 per year. That's about $2000 a
> month.
> Is that what you wish on your parents or your grandparents?
>
> Sure, most of the people were smart enough to put in no more 50%,
> and many are left with at least several million to live off. So to
> that extent, you're right, many will simply have to learn to less
> in a less glamorous manner. B
>
> Before you post more comments on this topic, you might want to do
> a bit more research, and actually speak to people that were impacted.
> ]]> Tue, 23 Dec 2008 14:44:16 -0500 My view of the bailout is that its payback to the industry for all the money they gave to the politicians!


On Dec 21 05:27 PM PBB wrote:

> Matthew-In all due respect, you have no idea what you're talking
> about. And the comments posted indicated others are equally uninformed
> as to what the investors were told, and what they thought.
> 1. Many of the individuals were not investing in a hedge fund. They
> opened segregated brokerage accounts in a registered broker/dealer,
> and otherwise provided Madoff with discretionary investing over these
> accounts.
> 2. The concept that these people thought that Madoff was making money
> for them by 'front running' is preposterous.
> 3. Its not as if other fund 'managers' weren't delivering similar,
> if not greater returns over the past decade. Paulson (John, not Henry);
> Paul Jones; George Soros (his returns were more volatile, perhaps),
> and even lesser-known people such as Israel Englander's Millenium
> Partners. So receiving 8%-10% per year, when more high profile funds
> were reporting 2x that amount was nothing short of brilliant on the
> part of Madoff. He appealed to the investors sense of conservatism
> and low-risk tolerance.
>
> 4. SIPC provides no more than $500,000 in protection.Nobody knows
> what the average account size was. Let's guess the mean was $2.5
> million--but because at least 50 individuals had more than $10 million
> on depsoit, and at least two dozen had $50 million+, and some representing
> the absolute entirety of their assets (excluding their home, or perhaps
> two homes), those people, at best, will be able to recover $500k.
> The vast majority are in their late 60's to early 80's. That means
> that those that lost every penny will have to wait at least two years
> before they see any SIPC money, if they do at all. OK, they'll have
> $500k to support themselves for the next 15-20 years.
>
> So the typical profile, a 73year old man and his wife, will need
> to survive on a budget of $25,000 per year. That's about $2000 a
> month.
> Is that what you wish on your parents or your grandparents?
>
> Sure, most of the people were smart enough to put in no more 50%,
> and many are left with at least several million to live off. So to
> that extent, you're right, many will simply have to learn to less
> in a less glamorous manner. B
>
> Before you post more comments on this topic, you might want to do
> a bit more research, and actually speak to people that were impacted.
> ]]> http://seekingalpha.com/article/111430-obama-s-choice-for-sec-chief-strong-investor-advocate-schapiro?source=feed#comment-333160 333160 Thu, 18 Dec 2008 11:58:58 -0500 http://seekingalpha.com/article/104792-free-market-healthcare-falling-victim-to-recession?source=feed#comment-300435 300435 Fri, 07 Nov 2008 17:16:17 -0500 http://seekingalpha.com/article/100100-baltic-dry-shipping-index-if-it-really-is-a-proxy-for-the-economy-we-re-in-trouble?source=feed#comment-283320 283320 Wed, 15 Oct 2008 18:53:11 -0400 http://seekingalpha.com/article/99400-60-of-google-employee-stock-options-are-drowning?source=feed#comment-279248 279248 Fri, 10 Oct 2008 15:02:45 -0400 http://seekingalpha.com/article/98090-paulson-s-poker-face-a-bluff-by-going-all-in?source=feed#comment-270979 270979 Wed, 01 Oct 2008 19:10:14 -0400 http://seekingalpha.com/article/97379-an-absence-of-leadership?source=feed#comment-264860 264860 Thu, 25 Sep 2008 11:43:52 -0400 http://seekingalpha.com/article/96984-why-didn-t-bernanke-paulson-plan-better?source=feed#comment-262871 262871 Tue, 23 Sep 2008 16:50:10 -0400 http://seekingalpha.com/article/96583-treasury-s-plan-is-breathtakingly-awful?source=feed#comment-261986 261986 Mon, 22 Sep 2008 19:29:07 -0400 http://seekingalpha.com/article/96642-in-defense-of-the-paulson-plan?source=feed#comment-261961 261961 Mon, 22 Sep 2008 18:39:21 -0400 http://seekingalpha.com/article/96605-robin-hood-in-reverse-in-defense-of-the-u-s-taxpayer?source=feed#comment-261960 261960 Mon, 22 Sep 2008 18:38:15 -0400 http://seekingalpha.com/article/96791-interdependence-and-this-crisis?source=feed#comment-261955 261955 Mon, 22 Sep 2008 18:31:48 -0400