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marketman54

marketman54
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  • Bank Of America: Revisiting The Valuation Case [View article]
    Thank you Osiris, I think the hidden risks with many of these institutions is far greater than we know!
    Dec 27 12:36 PM | Likes Like |Link to Comment
  • Bullish On The Economy For 2013-2015 [View article]
    I agree bullandbearmash - Europe in a recession and broke, Japan broke and in a recession, U.S. beyond broke and gonna go into a depression with debt, debt and debt!

    I may have to move to Greece, at least they did something to stop the bleeding!!
    Dec 26 06:25 PM | 2 Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Hey you forgot Tarp 1,2 and 3, QE 1,2, and 3, Operation twist 1 and 2, Sallie Mae......School breakfast, lunch and dinner programs, Job training programs, ............

    You'll never get them off the titty!!
    Dec 26 06:20 PM | 2 Likes Like |Link to Comment
  • Oct. S&P Case-Shiller Home Price Index: +0.7% M/M vs. +0.5% expected, +0.4% prior (revised). +4.3% Y/Y vs. +4.1% expected, +3.0% prior (revised). [View news story]
    First off, is this the same Case Shiller that lied about housing sales 9 months ago - I think it is!!

    I agree but the sh*t still looks like sh*t and smells like sh*t!

    Only the homes under $250k and over $750k seem to be moving!

    Every short sale and foreclosure is still selling better than existing homes or new construction. I wouldn't get to excited, there is no boom here.
    Dec 26 06:17 PM | Likes Like |Link to Comment
  • Bank Of America: Revisiting The Valuation Case [View article]
    How do you know what its worth when there is no more mark to market for its assets?? How do you know what derivatives it is carrying? Frankly, how do you know anything about these banks????
    Dec 26 06:12 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Maybe you don't know Rich but there are millions of people that dislike our irresponsible government that are willing to make any sacrifice necessary so our country can remain healthy! Unfortunately our government is inefficient, irresponsible, over paid, and does not act in the best interest of its people!

    I hope people will learn that the only way to stop the brat and the related behavior is to withhold the candy!
    Dec 25 10:29 AM | Likes Like |Link to Comment
  • Regions Financial (RF) is under investigation by a laundry list of Federal and State agencies for allegedly improperly moving bad loans out of nonaccrual status, saving the lender from having to hold loss reserves against them. A former exec with the bank has testified he was aware of such attempts in 2009 and named an officer directly involved. [View news story]
    This is what you get with no mark to market accounting of real estate assets anymore! Thank you Washington, it's amazing how you can one up yourself everyday of the week - frigging idiots!!
    Dec 24 05:09 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Time for another revolt - taxation with TOO MUCH irresponsible representation!!

    DO NOT PAY YOUR TAXES - F*CK WASHINGTON!
    Dec 24 05:04 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I have to tell you that I am not opposed to the middle class and the upper class paying more in taxes as long as the government comes up with a budget within the means of the country and some REAL spending cuts. Additionally, they should turn off the printing presses at the Fed.

    We scolded Greece, Spain and the rest of Europe and this current government is doing way less to try and resolve $20 plus trillion of debt!

    Happy holidays folks!
    Dec 24 02:59 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The fiscal cliff is the best thing that can happen to Obama! He will get up tell the country that it's the republicans fault and then he will get far more than the $1.4 trillion in revenue to spend from the middle class but he will get automatic spending cuts - a no no for him.

    Unfortunately it will put 600,000 people out of work, cut consumer spending and probably put us in the recession/depression that we have never left.

    Either way America we are screwed, he wants more to spend because things are really bad and getting worse.
    Dec 24 01:15 PM | 3 Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    The reason XRTrader is that Obama wants 2 more little things.

    1. He wants to spend $50 billion a month above and beyond the Fed for public works programs that were suppose to funded and public ready under Tarp 1/2/3 or Quantitative Easing 1/2/3 or Twist 1/2/3.

    2. He wants to take the power away from the Senate for control of the DEPT CEILING. He wants to be able to run the printing presses 24/7 and spend as much as he wants to float the country to $30 trillion of debt.

    So you can only imagine how bad things really are if he is gonna get $1.4 trillion plus $600 billion plus print as much as he wants!

    DEPRESSION, INFLATION, GREECE HERE WE COME!!!
    Dec 22 09:04 PM | 5 Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    We had the war on poverty - thank you drunken Ted Kennedy. We had the war on drugs - thank you Richard Nixon. We had the war on home ownership - thank you Clinton and Barney Frank. And now we have the war on Republicans - thank you Obama.

    From food stamps to $20 trillion of debt, we have elected officials who don't care about this country!
    Dec 22 08:59 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well Joe, when they did that - there went the free market system and they have ballooned the stock market. Since then they have printed another $ 2 plus trillion and pissed it away on everything not including Tarp 1/2/3, Operation twist and who knows what else and how many bad mortgages and school loans!

    The unemployment levels are the same as 2008 and MORE people are on disability, food stamps, and federal aid than anytime in our history.

    I don't think that things could have gotten much worse in 2008 and even though they flooded the markets with money to "ease the credit markets" for the banks - 0% interest has not really helped us grow at any decent rate.

    So Joe, you should blame Clinton and Barney Frank for easing the mortgage borrowing rules for this fiasco because anyone with no money was allowed to buy a home they couldn't afford.

    All this great government help will probably give us 40% run away inflation and a healthy depression by 2015.
    Dec 19 12:34 PM | 1 Like Like |Link to Comment
  • General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
    Oh happy days! WE ONLY LOSE 50 cents on the dollar. FU GM
    Dec 19 08:37 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It would be great James Carlini if we went over the cliff. First of all the middle class would help pay for all the spending that Washington can't stop. Secondly it forces Washington to STOP SPENDING and make immediate cuts in programs, something they can't seem to figure out how to do. I know a million people will lose their jobs which is not good but either is $20 to $30 trillion of debt and loss of free trade and free markets!! Do we want the whole ship to go down or just be dead in the water??

    On to GM - we as taxpayers are going to lose half of the billions that Obama pumped into that worthless dinosaur. They forgave the $50 billion Bush gave them and wiped out half of the other $100 billion plus that Obama bought in stock.

    I HATE OUR GOVERNMENT - everyday its another stupid, bullshit act with absolutely no accountability or worry except for my bank account!
    Dec 19 08:36 AM | 13 Likes Like |Link to Comment
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