PlanetHead

Moral Hazard, Goldman Edition

Come on folks there isn't any competition anymore. Of course the Gold-man will shine like fools gold

Madoff's Investors Don't Deserve Compensation or Sympathy

I can't agree with you more Mat. Good article.

From David Rosenberg's newsletter this morning: "So wages and salaries are down 1.1% from a year ago. Interest income is down 5.2%. Dividend income has fallen 12.4%. Proprietary income is off 4%. The only income source in the green column are government transfers (food stamps, welfare, unemployment insurance) which is a booming industry at over 12% YoY growth." (via)

I have green weeds in my garden

An optimistic Jeff Immelt (GE) says the worst of the crisis is "behind us" and "we have almost a fully functioning capital market." GE plans to pump up its R&D spending, focusing on the "two big seismic themes of the 20th century" - energy and health care.

yup at this point....the only way is up for GE....

Madoff: "I cannot offer you an excuse for my behavior. How do you excuse deceiving an industry you helped to build?" "How can you excuse deceiving a wife of 50 years?"

Right Bernie....no one else knew what you were doing My Foot. Please it was a family business. Your wife and sons knew what you were up to.We are not that dumb. They are just as guilty as your scummy existence.

Questioning Conventional Wisdom on Credit Default Swaps

Sure someone has to take the other side of the bet. But the question I think we all ask. To what size until it starts to look so lopsided that it crashes the whole system ...That's where the regulators need see the whole picture that's why you can't have custom Derv. They need to be on a exchange.

Goldman Sachs' AIG Collateral Demands Behind Company's Implosion

Goldman is the puppet master. They are the evil...they control the Fed. They appoint whoever they want to the Fed. They are the gov's Prime broker. Funny thing they are paying out a record bonus this year. Can we see the hypocrisy here.

Why I'm Shorting Visa

I rather short mastercard....

The Countrywide Charges: Yes, They Could Have Kept Housing from Imploding, But They Weren't the Only Ones

Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis (Hardcover)

Gr8 book about Angelo and his subprime buddies.

The Countrywide Charges: Yes, They Could Have Kept Housing from Imploding, But They Weren't the Only Ones

Agreed also Angelo's good friend Chris Todd Didn't he get some special loan

The Countrywide Charges: Yes, They Could Have Kept Housing from Imploding, But They Weren't the Only Ones

Angelo is the scapegoat. Just one in a ship of fools.

Can you spell brain drain? Havard grads entering finance positions plunged by 50% last year.

Is basket weaving still a major at Harvard

The freefall in retail spending seems to have abated, MasterCard exec. Chris McWilton says, citing yet-unpublished SpendingPulse data. But card issuers still face a “staggering amount of credit losses.”

Buy puts on mastercard way over valued

According to a new report, the average U.S. home price is undervalued by 12.2%.

how do they come up with fuzzy math . Once again the masses are asses

High End Home Market Still Has Further to Fall

Sometimes perception is more important than reality. Most folks are not to that bright when it comes to buying a home. First thing never believe the brokers they always rep the sellers. Turbo Tim bought at the top. His best bet is to move back in four years or ask the gov for a bail out.