Conan the Barbarian

FASB Changes Perpetuate Fair Value Lying

Monday1929: Governments Are The Market at this point.

Or did you miss the Obama change from Bear to Bull in March. I know history quite well, especially Market History.

So why don't you tell me how this particular Recession is the same as a previous one?

Better yet, why don't you point out the Last time a concerted worldwide Governmental Intrusion into the Markets occurred?

There is No History to use as a Guide.

FASB Changes Perpetuate Fair Value Lying

wakeup call and trendsrus: Thanks.

The Transport sector has led economic recoveries before, but it has never been as ignored as the Current focus seems to be entirely on market manipulation of this or that.

The DJTA had an intraday high today of 2976, that up from an annual low of 2121. 40% up.

But hey, its just an unnoticed piece of market manipulation. If its not going to be noticed, why manipulate it?

FASB Changes Perpetuate Fair Value Lying

citez: Agreed, but let's carry it forward a tad.

All of the World's Governments are now focused on "fixing" the problems and will do Whatever it takes to do so. If anyone actually believes that any kind of credit contraction will stand in the way of their concerted efforts, they have fully deluded themselves.

The US no longer stands alone in this effort.

FASB Changes Perpetuate Fair Value Lying

You know a little and think you know everything.

FASB 157 did not exist prior to 2006 so there is nothing Historical to back your assertions. As a matter of Fact, the financial meltdown started Because of its implementation.

The Financial instruments created prior to that time were not designed to be scrutinized Quarterly, once that piece of Financial Armageddon was forced onto the system, the financial system unravelled.

The FASB knew Squat about the derivatives already in place. This change is a piddly bit of relief after the horse has already left the barn.

But it may stem the future Commercial devaluations to come, here and abroad.(IMF will help there)

The Great Credit Contraction has come and Gone.
Too bad you missed it. IMHO

Wall Street Breakfast: Must-Know News

DavJ: how about a Thumbs up/down by the Writers of the Articles themselves? On the commentators. That way they can show their gratitude for our comments.

I'm doomed.

Paying the AIG Bonuses - The Alternative Is Worse

Greenspan knew what was going on. He let it go on.

He should be grilled by Congress, sentenced without trial and be put into jail.

The Low interest rate environment spawned the Housing and Derivative fiascos. He controlled that environment. Its all his fault. IMO

Paying the AIG Bonuses - The Alternative Is Worse

Someone gives you a loan, no strings attached.

They don't like what you are doing. They change the conditions and Backdate them to the time of the loan without asking for your consent.

Breach of Contract for a start, Backdating also illegal. A Majority owner in any corporation has to look out for the interests of the Minority holders.

The Minority Owners deserve the right to be heard.

10 Reasons Why We Still Haven't Hit Bottom

Blackeye: Everyone may be looking for a bottom, no make that They are hoping for a bottom.

What they expect is an Abyss. That's why, you will find the Vast Majority here Invest in Gold.

10 Reasons Why We Still Haven't Hit Bottom

PE ratios are one way of evaluating a Company's Value.

But the E portion is also used to determine the Safety of the Dividend on the Common.

GE cuts its common stock dividend by 2/3rds but no one seems to notice. Takes effect in 2nd half of 2009. Cuts by DD and DOW (a 96 year trend broken).

Pointing to The PE ratios of the DOW or S&P and looking at comparable PEs over the last 100 years to determine over/under valuation is an excercise in futility. If the Common stock dividends are not safe, then earnings aren't as strong as projected by analysts and have yet to be lowered.

This is something I remember seeing during the 1072-1982 time frame. I can't remember which Quarter of which year. A PE ratio of 100 on the DOW and a negative quarterly number.

I Am Not going to do a Search for you, I am telling you what I remember. Because Trailing PE ratios are based on what has already happened and Forward Projections for a worsening economy are purely Tier 3.

IMHO

Preview from Europe: Does the Rally Have Legs?

I was just informed by a reliable source(snopes) that the Cong. Pension bit above is a great sounding rumor.

Liddy: " The Fed approved the Retention Bonus."

They didn't tell you///...ummm...I don't know what to say....

Plausible Deniability, that sure is a change.

Preview from Europe: Does the Rally Have Legs?

I heard that AIG insures the Congressional Pension Fund, If so,

Now you know the "rest of the story", We couldn't let it fail.

Some Bank Behemoths Now Sub-Single Digit Midgets

Willie: I will ignore your 2nd paragraph for the time being but suggest you read SeekinApha's Terms of Use regarding comments constituting "personal abuse".

Last year, I heard about $750 Trillion in Debt which included Derivatives worldwide. That debt was not all Derivative Debt. All Treasuries of all countries, bond, bills, everything floating around in the World including currencies printed by Everyone.

I also seem to recall something about the CDS market being somewhere about $65 Trillion in the US. I do not swear by those figures. But that is a far cry from saying that AIG is hiding $500 Trillion worth of Toxic assets on their Books.

The "Write an Article" wasn't for you specifically, it was included because you replied to a question not addressed to you.

If you were to write an Article though, I would think you would inform the readers what your opinions are versus what the Facts really are.

I like my Banker, he has always looked out for my family, 35 years at the same community bank.

Along comes Trace Mayer with "all bankers are liars and frauds". And he treats it as Fact not Opinion.

These are my opinions.

Some Bank Behemoths Now Sub-Single Digit Midgets

But Seeking Alpha has rules and regulation regarding comments and Articles posted and as long as those are followed etc..

In the Copywrite section you will find:

"You are not to: Post any comment that you know or should know is false, deceptive or misleading or misrepresent or deceive others as to the source, accuracy, integrity or completness of any comment you post."

As an Author replying to questions asked on any aspect of an Article written, "You are not to".

But then again, Maybe I should click on some of the more inflammatory highlighted words in the Above Article looking for their Source: "all bankers are liars and frauds", and "Financial Insanity Virus".

That doesn't help. I wind up at the "runtogold.com" website where I can buy various products or an EBook.

Am I being redirected from the real Source of those statements or To the Source?

There are too many Blaggos, Madeoffs, Sanfords running around the world. IMHO

Some Bank Behemoths Now Sub-Single Digit Midgets

Are Articles covered by "Truth in Advertising" Laws?

I would Hazzard that it would depend on whether the Article in question contains links which purport to provide information but instead go to the Author's website where products are sold.

The Article becomes a promotional Advertisment. And It better be True. At least, that's my feeble interpretation.

But then again, I'm not an attorney and this is only an opinion.

Some Bank Behemoths Now Sub-Single Digit Midgets

R Jensen: NAFTA was a good agreement. But the Goverment was plain old stupid to allow the migration of the US Industrials from the US of A.

"If you Build a Plant elsewhere, a similar Plant should be built here." Should have been included in NAFTA. Free Trade is one thing, relocation of our Industrial base is quite another.

I believe that alone would have kept the USA in the forefront around the world. IMO