davidbdc

Volcker's Wake Up Call: Spread the Word

Volker is the man!!

He's just saying what we all know....men passing around pieces of paper add nothing to this country and in fact they are stealing from the "real" economy.

And he's right that despite all the best minds going to Wall Street, there has been nothing of any social benefit produced. Securitization??? please, that just is more paper being produced and cut up and sold off....to create a commission for someone.

Volker might win come November 2010 when the American people finally rise up and throw out all congressional incumbents.....you can only steal from a man for so long before he will fight back....and you have to believe that America has enough fighting spirit left to start hitting back soon.

U.S. Forfeiting Billions in Future Taxes So Citi Can Exit TARP

What is really terrible about this is that we all know the only thing Citi is going to do once out of TARP is to pay their executives a ton of money.........there is absolutely no benefit to America.

Heck the payouts will probably be so big that they will need to reduce lending to small businesses even more!!

Whitney Gets Bearish: Will She Be Right Again?

Don't think she'll be right or wrong this time around. I get the feeling that profits are improving at most companies and if that carries into 2010 stocks aren't overvalued nor undervalued. And since I don't foresee an incredibly strong recovery we'll probably spend some time above where we are now (=she's wrong) and some time below where we are now (=she's right).

I avoid the financials and stick to dividend paying companies......which makes the gyrations of the market on a day to day basis much less relevant.

John Paulson's Hedge Fund Position Updates

Whether you agree with him or not, you have to admit Paulson is on a hot streak.....so perhaps a few thousand shares of C at prices less than what he's paid would be a decent bet.

Time for the U.S. Economy to Reindustrialize

All of the "G20" countries have a buy....France, China, UK, etc policy when it comes to federal expenditures........ex... 1. Thats right, the USA is the only industrialized country that doesn't support its industrial base with a Buy USA policy for Federal expenditures. We need a coherant industrial policy for us to have a strong economy going forward. Once your manufacturing footprint is gone, it isn't going to suddenly reappear.

We need to draw "talent" away from financial engineering....which doesn't produce anything but paperwork into "real" industries. Too much of our best engineering talent ends up on Wall Street.....they make a bundle for themselves but nothing for those around them.

Why Mortgages Aren’t Modified and What a Ruling Stopping Foreclosures Means

"equity participation modification".....does that extend to Ferrari's? If so, sign me up. I can pay $500/month....government can chip in the rest and have a claim on the residual value when I (we) sell it in four years.

Think you'll like paying taxes so that I can go cruising?

Retail Investors Should Get Out of U.S. Stocks - Now

And get into what exactly?

1% CD's at my local bank......and why do you think people expect another 60% rise in the next 6 months? I expect that the stocks I've bought this year will increase their earnings, continue to pay me dividends and slowly appreciate in value as the earnings increase.

And 3 banks don't make the market.

I'd suggest the author sell whatever he holds and buy PEI, collect the dividends over the next year or two and then rationally consider how to invest going forward.

How Can We Regain Confidence in Financial Professionals?

People are better off taking responsibility for their own assets. It always amazes me when I meet people that say...."I have a guy"...they know his name but don't know anything about what is being done with their money!!!

Invest in things you know and understand, don't worry about the "best tax strategy" hypothetically possible, and over time people would be better off. I read about "understanding clients risk profiles" and think that if people would just invest their own money they would learn over time (many times the hard way) what their risk profile truely is and make better decisions with their money.

As a seperate poster said - no need for middlemen beyond the firm executing the trade. And if someone needs some discipline/guidance and wants to pay for that - thats ok - just pay an hourly fee!!

10 Banks 'Guaranteed' to Survive and Prosper

Nationalize C and BAC and any other institution getting multiple handouts. Wipe out the equity holders and bond holders. Buy financials at your own risk - no more bailouts - only BK!!!