Seeking Alpha

AndrewBaker » Comments » ADSK

  • Wall Street Breakfast: Must-Know News [View article]
    The official pundits can't agree on the strength of the recovery, Obama can't get the Chinese to loosen their currency peg, yet Wall Street can get straight back to business profits as usual regardless. Regardless of whatever is happening to the rest of us, these guys are taking their piece, and a lot of the discomfort to everyone else is due to the size of it. It's past time for setting pay and bonus rates for these guys in terms of what they actually produce. Plenty of other people have as much ability as the incumbents and will work for reasonable rewards, and not demand excessive pay for underwhelming work done.
    Nov 18 08:48 am |Rating: +8 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The CPI news just released isn't going to affect anything much and there is not a lot of other news out there to change any facts, numbers, or other figures, so today is going to be another one ruled by sentiment, and that is at the moment facing north. Not much movement likely though with vacations more in the mind for many if not most. So I'll stay with my long bank, financial and S&P positions, and see what happens. I expect I'll take out the triple-leveraged FAS today as leaving that over the weekend is perhaps a risk too far.
    Aug 14 08:51 am |Rating: +1 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So the tax-payer gets ripped off again if the banks gets their way in paying back TARP funds. Funny, I'm not surprised. The way the government, Fed and banks are coiling around each other, a three-ways is almost inevitable, and maybe planned from the outset.

    Is this how the banks will cover the losses they've made; through tax dollars handed to them by the government?

    The many people who have lost their homes or are likely to do so; have lost their jobs or likely to do so, have lost their savings and likely to do so when the correction comes, have lost their financial security in retirment or likely to do so, and those who will not now be able to retire as planned and will have to work on, will no doubt be very interested in knowing that the banks will not have lost much because it has been or is likely to be made up to them by tax-payers. And it is good to know that their jobs are safe as are those of their friends in government and state and federal run bodies: after all, we would not want to lose the services of our saviours in these institutions, would we ... ?
    May 22 09:12 am |Rating: +7 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    RBS loss referred to above was $34 billion in one year (and in a small country like the UK)!!
    Feb 27 15:06 pm |Rating: +1 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    They all keep their jobs or they go and keep their pensions and bonuses: look at the UK which is ahead of us in dealing with their banks. They've nationalised them in all but name, let the ex-bosses make contrite declarations of sorry and allowed them to keep their titles (Sir this and Lord that), obscene bonuses and exhorbitant pensions. Sir Lord what's-his-name of RBS will get a pension of $930,000 every year for the rest of his life for overseeing his bank making more than a $10 billion loss in one year and making the British tax-payer buy 70% of the bank to keep it afloat. He has been asked not to take this pension in the light of what's happened, and has written to the Britsh prime minister to say that he will not forgo it: it's his to take. And he's taking retirement at the grant old age of 50!

    Our wonderful financial leaders are not any worse off themselves. And our political leaders just as accomodating as the British ones. Oh, sorry to bother you about wrecking the financial system, just wondered if you might like to apologize before you go live in the Hamptons.
    Feb 27 14:53 pm |Rating: +4 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree with PrudentMan. The ones telling us the way forward and making the great plans to recover are the same ones that didn't see it coming and were telling us what a great economy we had. Now they want to interfere with natural markets in the guise of putting things right! As long as their names and pictures are out there in the public gaze and they get well paid for their utterances, they will be happy. The rest of us might not be, sad and truthful to say.
    Jan 14 09:01 am |Rating: +7 -4 |Link to Comment
More on ADSK by AndrewBaker
Comments by Ticker
A, AA, AAI, AAP, AAPL, AAUKY.PK, AB, ABB, ABC, ABK, ABM, ABT, ABWTQ.PK, ABX, ACAS, ACE, ACF, ACH, ACI, ACL, ACM, ACN, ACV, ADBE, ADCT, ADI, ADM, ADP, ADRE, ADS, ADSK, ADVNA, ADXTF.PK, AEE, AEM, AEO, AEP, AES, AET, AFG, AFK, AFL, AG, AGCO, AGG, AGN, AGO, AGQ, AGU, AIA,
AndrewBaker's
Comments Stats
892 comments
Rating: 2348 (3216 - 868 )