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ebworthen

ebworthen
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  • Wall Street Breakfast: Must-Know News [View article]
    "Deutsche Bank accused of hiding $12B of losses."

    Wow, what a surprise. With Ben Bernanke printing $40B a month of MBS losses for taxpayers this is a drop in the bucket; but another sign that true accounting is only used for individual households.

    More privatized gains/socialized losses, fantastic.

    I suppose if Jon Corzine and J.P. Morgan Chase can collude to vaporize $1.2 Billion of investor assets and walk free we shouldn't be surprised by anything out of banks and "governments" (banker lackeys).
    Dec 6 10:57 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Get ready middle class, you are going to get it in the rear again!

    CONgress will collude to raise your taxes and reduce already taxed entitlements; the Kleptoligarchy must be preserved!

    Where was all this austerity and responsibility talk in 2008?

    Where was all this "concern" about the "fiscal cliff" when they bailed out the banks, insurers, and automakers?

    Where is all this "concern" as the FED pumps $40 Billion a month into the very leveraged instruments that caused the crash?

    All hail vampire crony capitalism and the socio-fascist government bent on taking away individual liberties and any assets you might have!
    Nov 16 12:00 PM | 3 Likes Like |Link to Comment
  • Top 10 Pick: Amazon Financials Understate Growth [View article]
    Listen carefully:

    California has forced Amazon to charge sales tax.

    California is la-la-land so the consumers there may max out the credit cards but sooner or later it will matter.

    Other States will go after Amazon because they are the biggest juiciest Peach on the tax tree. Amazon will be hurt, and business will be pushed to smaller less juicy online retailers who already compete and don't charge sales tax.

    Amazon is already speculatively overpriced (can you say "Chipotle"?) and as taxes hurt their bottom line the stock price will not survive or thrive.
    Oct 23 10:25 PM | Likes Like |Link to Comment
  • Relative Safety: ETFs That Are Standing Up To The Selling Pressure [View article]
    Interesting, but I'd rather have cash under the mattress losing 2% to inflation or in TIPS going nowhere versus putting more chips on the table of the biggest rigged casino on the planet.
    Oct 23 10:22 PM | Likes Like |Link to Comment
  • Where Is the Foreclosure Mess Leading? [View article]
    Old thread, but the FED is buying $40 Billion a month in perpetuity of Mortgage Backed Securities, and FHA and USDA supplying a lot of the loans.

    There is your answer right there: housing bubble part two, benefitting the banks (again) and punishing the responsible and the taxpayers (again).
    Oct 23 10:18 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Remember, those arrogant schmucks on Wall Street are "doing God's work".

    They are too self-important to take responsibility and fail the way normal people have to.
    Oct 22 09:31 AM | 4 Likes Like |Link to Comment
  • Chipotle Gets Einhorned: Why David Einhorn's Thesis Is Flawed [View article]
    You can lead a horse to water but...

    The economy sucks. Disposable income is starting to dry up. If people can spend $5 to get filled up instead of $10 they will.
    Oct 20 01:09 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    State Universities and Colleges are no different.
    Oct 16 01:11 PM | 5 Likes Like |Link to Comment
  • Wells Fargo Continues To Eat Up The Competition [View article]
    Mad at theft and fraud and propping of corrupt institutions with taxpayer money.

    What's the difference between street thugs who beat old ladies for their purse and banks that steal with the ledger book and lawyer? None.

    Yes, it galls me and angers me that otherwise "decent" people invest in corrupt institutions who break the law and cheat regular folks out of their labor.
    Oct 13 03:13 PM | 3 Likes Like |Link to Comment
  • Wells Fargo Continues To Eat Up The Competition [View article]
    When you are TBTF and get near free money from the FED backdoor to lend out at 5%-28% how can you not make money?

    Wells also found guilty of intentional overdraft fraud of their customers:

    http://usat.ly/SVogvT

    Additionally, being sued for mortgage fraud:

    http://huff.to/RnVlF4

    Some people there should be in JAIL and the Wells license revoked.

    Problem is, the TBTF banks are now our government.

    Rot in hell Wells Fargo and TBTF banks.
    Oct 12 06:57 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I don't, but why do "we" do this?

    Where is the rule of law?

    Are we going to push this until there are riots and collapse?
    Oct 11 09:51 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    PC sales plummet - the economy is awful, it isn't just tablets.

    Lenovo - I love my ThinkPad, but Lenovo is owned by the Chinese government which is the P.L.A. (military). If the government is worried about Huwai (sp?) and Chinese networking companies, they should also have their antenna up about any Lenovo Laptop/Desktop. And...isn't it a crying shame that I.B.M. sold to China?

    Economy - why do we not have moral adults in charge in Washington and Wall Street?
    Oct 11 09:23 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Not that I believed anything the government said before but the 7.8% unemployment number is beyond the pale.
    Oct 5 09:30 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Brussels wants states to hand over more fiscal sovereignty"

    Oh sure, that will work.
    Oct 3 01:02 PM | 1 Like Like |Link to Comment
  • Chipotle Gets Einhorned: Why David Einhorn's Thesis Is Flawed [View article]
    Chipotle = Fad

    Somewhat humorous how corporate restauranteurs come up with these bling fad places that rise, peak, then fall.

    In the meantime, employees with company stock and investors suffer the consequences; the initial investors got out at the top as that is why they started the places and expanded like wildfire to begin with.

    Can you say "Olive Garden" next?
    Oct 3 12:56 PM | Likes Like |Link to Comment
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