infp

G20 Protest: Financial Fools on Parade

Yes, let's make fun of European protesters while our government shovels trillions of dollars to the Wall Street crooks who created this debacle. A good diversion for a perfect crime. We should also keep in mind that all these ridiculous European protesters have free medical care why we wise Americans spend our money on bailing out the poor folks on Wall Street.

Is the Populist Mob Right?

It amazes me that the market has been recovering lately when no one knows what to do with trillions of dollars of toxic assets in our largest financial institutions. Every proposed solution from both the Bush and Obama administrations consists of the federal government (taxpayers) paying the banks trillions of dollars for toxic assets that they cannot sell on the open market. This is merely a transfer of bad debt from well connected Wall Street to clueless main street.

Why AIG Wasn't Allowed to Fail

And what about the extremely well compensated individuals who profited from the CDS market at AIG and other financial institutions? Why are they allowed to walk away with huge amounts of money from this financial train wreck with no financial liability? I find it curious that this "elegant solution" preserves the wealth of the very executives who brought this disaster upon us while taxing every one else in the country. It must be nice to be a member of such an elite club.

Russian Energy Stocks Now Dirt Cheap

While I am too chicken to invest in Gazprom, I do agree with silver-bug, the US financial system is rigged in favor of our own insiders. The derivative fiasco, the ensuing bailout of banksters, the Madoff scandal, the 2006 comments of Jim Cramer (how to illegally manipulate stock prices) all convince me that the US equities markets are rigged.

Why Felix Should Walk Away

Can we discuss the morality of the bank executives paying themselves huge compensation packages for the past 6 years while they were bankrupting their companies with derivative liability? I'm not thrilled with people walking away from their mortgages but I am far more concerned with the white collar criminals in the financial industry who have cost our country trillions of dollars.

While Financials Drag Markets Down, Five Ways to Stay in Play

Trickle-down economics are still working quite nicely. AIG executives keep all the money that they made (stole) during the past 6 years of derivative madness while average shareholders are completely wiped out. Isn't that how capitalism is supposed to work?

A Good Time to Buy Apple

It is amazes me that the SEC diligently investigates disclosures regarding Jobs' health but somehow forgot to regulate the multi-trillion dollar derivatives market that has collapsed the world's financial markets.

The AIG Scandal

I agree! The executives of the offending financial institutions must be held liable for their breach of fiduciary responsibility. Why is no government agency (that I know of) attempting to recover any of these ill gotten gains? We cannot allow this massive amount of white collar crime to go unpunished.

AIG Bailout Saga in Review

AIG demonstrates why no company should be allowed to grow "too big to fail." As soon as a company is believed to be that large it no longer responds to market forces. AIG is essentially holding American taxpayers hostage because we are afraid of what will happen to world financial markets if AIG collapses.

A Simple Housing Fix: Government Buy-Down of Mortgage Balances

As a renter I do not want to see any more government money funneled to homeowners. No one bailed me out when I lost money in the stock market, losing money in the real estate market should not be treated any differently.

The Economy, And Why It's Taking So Long to Fix It

The Reagan deregulation revolution is complete! Wall Street has finally proven that it doesn't need those pesky regulators looking over its shoulder.

Restoring Balance to the Economy

Central to the Reagan revolution was the belief that government is bad and business, especially big business, is good. This led to massive deregulation in most US industries, most notably, the financial industry. As a nation we convinced ourselves that the rich men on Wall Street must know what they are doing because, after all, they are rich. We didn't want petty bureaucrats at the SEC slowing down these geniuses with rules and regulations. Now that the financial system has crashed and all the credit default swaps and CDO's are revealed to be schemes and wild speculation, we are groping around for explanations. Somehow the geniuses that ran Wall Street ended up with millions of dollars in bonuses and stockholders ended up with worthless stock. And yet, here on Seeking Alpha, many of the conservative faithful still fret that the government will ruin the financial industry with too much regulation.

Stanford: Criminal Charges Almost Certain

A crooked billionaire from Texas; when do we hear about his ties to the Bush clan?

Fair Value for the S&P: It's Not 440

I still own underwater stock from the dotcom-bomb of 2000. I can't wait until these values return to "normal" so I won't be out so much money.

When the Banks Are the Robbers

I believe that the banker's robbery note says, "we're too big to fail, now hand over all your money."