robertf97

Roubini Hates Gold: Is He Wrong Again?

The author and Roubini neglect some important points. 1) In the 1970

The Five Worst Bailouts

There was no reason to bailout any of these firms. The ones that would actually have caused problems had they failed (not Goldman) should have been taken over by the FDIC and wound down. If there was a perceived lack of authority to do this, they should have ramrodded a bill through CONgress to get the authority (another Resolution Trust Corporation). Instead our fraud of a government ramrodded the $700 billion TARP, screwing the taxpayer to pay over $30 Billion in banker bonuses alone to the friends of Paulson. This is the biggest fraud in the history of the world and it is disturbing to read articles like this one claiming it was somehow justified.

Salesforce Likely To Be Below $15 By Year's End

I agree. There is a lot of historic evidence of companies with this type of hype not delivering. I don't know what goes through someones brain when they buy a stock with a 100+ PE ratio in this kind of environment.