Whippet

Closing Update for Thursday, August 27: Late Save

<<On the housing front, another critical sector of the economy, luxury homebuilder Toll Brothers (TOL) said it lost $472.3 million in its fiscal Q3. The company said it would have been profitable except for charges and is seeing some improvement in markets. Toll pared its loss out of the gate, but was still down about 1%. >>

Man, I would have been rich if it weren't for the compulsive gambling and the cocaine habit!

Don't Count American Manufacturing Out Just Yet

Great point. How 'bout we let the damn Europeans defend themselves, and buy our weapons? Not gonna fix all the problems, but at least it would be a start toward reversing broken policies. And it might shut the Spoiled Brat Adolescents over there up if Daddy forced them to hold their own in the mean, tough world.


On Jun 09 03:25 PM Dave Wrixon wrote:

> Yes, but you consume them rather than sell them.

Wall Street Breakfast: Must-Know News

Agree- and throw in their new lobby to fight against CDS regulation to boot. You know, like prohibiting holding CDS positions in excess of your debt exposure. How would GS make any money if they weren't using creative accounting betting on the demise of their counterparties? The only Barney Frank Backstop these guys should be getting is in a prison cell.


On Jun 04 03:17 PM WAKEUP wrote:

> "Financial firms try to delay accounting rule." I have commented
> before, on the critical importance of accounting in determining the
> direction, and yes, even the future of this (and any other) country.
> It is difficult if not impossible to overstate the importance of
> accounting, because accounting, used the wrong way, allows criminals
> to commit crimes legally. And yet the people of this country stand
> by, ignoring accounting changes that an accounting-ignorant Congress
> allows to go into effect. (Maybe Congress is not ignorant, maybe
> they are complicit.)