J. T. Atkins

Wall Street Breakfast: Must-Know News

I am really surprised that there were not any comments on the very first article.
Chief TARP watchdog - Elizabeth Warren stated:

Removal of top execs at Citigroup, AIG, and other institutions.
Shareholders should be wiped out.

Can't help but to feel sorry for the small (or large) investor in these companies. Now I am worried about the "other" institutions.
What Next?

The Real Reason FDIC Is Going Broke

Thanks, Ron, for the article. Very informative.
I, personally, have mixed feelings about the whole thing.

Sitting here at this date and time, At first I was very angry. I then clicked on the link and read the entire article published by the Boston Globe.
After reading the article I am still upset, but not as angry as I was initially was.

The article stated that the government did not see the need to collect the fees from the banks because the interest collected on the amount held in reserves more than paid for the fees that would have been collected.

If that is the case, then the reserves were still growing each year. I can see their reasoning in this case (Which was also probably helped by input from the banks.)

We all know that hind sight is 20-20.
What we all need is a good crystal ball..

Wall Street Breakfast: Must-Know News

I believe that Sherry B knows what she is talking about.
Good reply concerning the up-tick rule.

10 Standout Growth and Value Stocks

Thanks for the list. Will check them out.

Six Investor Mistakes to Avoid in 2009

Good article. Will be keeping up with your future posts. Thanks

Six Investor Mistakes to Avoid in 2009

Good Article.

Reasons to Bail Out GM

TO: Retired Investor

I am in agreement with you 100%.... Hate to think of the consequences of the (Big Three) going bankrupt... However it should not be the role of government to keep them in business.. We are still a "Free" enterprise country... Thanks...


On Nov 12 04:35 PM Retired Investor wrote:

> The reasons to bailout out Detroit is that Detroit has been struggling
> for decades with high labor, healthcare and pension costs. Detroit's
> pensions are grossly underfunded. Should the automakers fail, the
> US government and US Taxpayers will be on the hook for billions to
> pay the lush pensions and retirement healthcare benefits of the autoworker.

>
>
> The big problem will be convincing the american who was just let
> go from his minimum wage paying job at Best Buy, (retail workers
> are 10% of the american workforce) to support the bailout plan, by
> convincing the average american:
> a. Why It is better for the USA economy to rescue a UAW workers job
> (70 per hour in total costs, appx 34 per hour in wages), rather than
> a retail-workers job.
> b. Why it is better for the government to support the lavish pensions
> of the UAW worker (when the average american chump has no pension
> and has just seen his 401K plummet by 30+ percent)
> c. Why it is better for the american government to pay for the lavish
> healthcare benefits of UAW workers and retirees (when 25% of americans
> have NO health insurance)