JaymanThai

Geithner on Yuan: Misstep or Warning Shot?

I think it is high time new ground rules are laid. The present ground rules have been totally dictated by the parties involved unilaterally. The time has come for China and US to sit down at the table and organize this issue with some forethought and reasoning.
It seems both sides will benefit by working on synergy now. There are no longer the unilateral benefits that were previously existed and the path out of the problem is together not apart. They are our biggest creditor so we are their biggest debtor. Both positions have significant strength on their own. We go together wherever it ends up.

The Bull Run Begins This Week

Dream on Alice you are in Wonderland. This market it going to test new lows in the 6500-7000 range before we start seeing bullish movement. It is true that some isolated issues may move contrary to this trend but they will be few and far between. If you want to play now play with skilled stockpickers who have a good reputation, Otherwise, steer clear and watch as this unfolds.
There will be opportunities but mostly for the patient.

Paulson vs. Buffett

Quite simply you are nuts. The reason he struck bad deals is very simple. Because he could.
He is as big a liar as his boss was about weapons of mass destruction leading to the never ending war.
We believe him because he is what? Can you clear that up for me again?
American people have got to be smarter than this and quit buying all the swamp land they try to sell us. There is no reason to compare him to Buffet because he could not even wear the man's shoes. He is the reason for the problem by changing long standing laws that prevented banks from owning other investment vehicles (Citibank and Travellers ring any bells).
It will come out in the end but it will be too late to do anything about it and he will be living in a life of luxury somewhere while others try to survive.
Seriously wrong!!

The Problem With the Citi Bailout

I think it was you or Bloomberg who said "forget the 700 billion" that Paulson has and is spending. He is in bed with and has been in bed with Citi since the overturn of the Glass Steagle act which enabled a financial insitiution to own an insurance company. This was previously against the law.
Paulson was also instrumental in the Commodity Futures Modernization Act of 2000 which enables the CDS sales to begin with.
We do not know anything and he knows less, But he has the money to give away to his friends and those who participated with him to destroy our previously healthy and protected economy.
Fight for our rights for full disclosure. Write your congressperson today.

GM Must Die

Alex,
You say the right thing then you waiver on your own idea. GM must die and all of those pensions and whatever is underfunded will have to go with it. The unions can help their members to sue and provide relief with the funds they have been receiving from the membership all these years.
Times change and GM did not change. Who do you blame this on? The government, the public who will have to fund this travesty.
Forget it! Put the blame where it belongs. Stop the charity. Eat the bitter pill and start to get the healing process going.
This is not the responsibiity of the taxpayers.
That is it. No compromise, no negotiations, go file for bankrupcy and then sell the bits of the company and see what can happen. What ever it is will be better than now.

You Can't Handle The Truth

It not only smells like the Patriot Act it is sure to give more uncontrolled power to the bureaucrats that they already do not know how to use. Does anyone here recall that Paulson himself comes from the womb of the same companies that have created the situation. How many of the CDO and other "funny money" financial instruments and derivitives did he participate in making.
And Fanny and Freddy were already under the auspices of the federal government. They did such a good job overseeing them that they are in the situation now.
Do free markets sound feasible? I am sorry for the thousands of people who bought homes beyond their means and now will lose what they thought they were creating. But you get nothing for free.
My conclusion, let the markets find their own way. If it means recession we should emerge stronger -- if it is anything less than that then so much the better.
Do not believe the liars and self-serving folks up in Washington. If they were so smart they would have prevented this from ever happening. We need to control our own destiny for a change.