brooklyn91941

12 Comments

    • Investors at Risk of Losing Everything [view article]
      Regretfully, most Americans have there heads in the ground. They still assume a white knight will come along and allow them to continue their bad habits of ridiculous consumption and lack of savings. Maybe, a crash might wake people up to the problems, but I doubt it. Jun 08 11:48 AM
    • CNBC: Sue Herrera Tells It Like It Is [view article]
      Dennis Kneale used to work for Forbes and listening to him there was the same. How he even is employed in this industry is amazing with the economy in recession and so many smart people that are financially astute un employed. CNBC hires people that are willing to compromise their integrity and are willing to be bullish and push the failed economic policies of this administration like Larry Kudlow, Chief idiot. With the world in such turmoil and the need for good reporting so important the premier Financial News Network employs clowns.

      For shame.       May 08 05:50 PM
    • The Great Television Price Inflation Scam [view article]
      Of course there are reasonable ways to work out this problem. However the government doesn't want to do that. As long as the CPI is the number that affects COLA's, they will keep finding ways to keep it low. Apr 13 11:02 AM
    • Larry Kudlow is Dead Wrong: CRA Didn't Start the Meltdown [view article]
      Its interesting that many of the posts keep trying to blame the CRA as the cause of this problem. Did the CRA force Bear to lever its balance sheet 30 times? Did CRA force the Investment banks to take on structures from MBIA and AMBAC? Did somebody put a gun to the rating agencies to rate these structures AAA? Are the assets written off in the hundreds of Billions all sub-prime? Only idiots would conclude that. Allowing banks and brokers to lever their balance sheets with little oversight and then blame the borrower is just the same revisionist history this group always put forth. Does anyone know Kudlow used to be chief economist at Bear and was fired. Its interesting insane profits are capitalistic, but losses are always socialistic. Apr 10 05:08 PM
    • Larry Kudlow is Dead Wrong: CRA Didn't Start the Meltdown [view article]
      Larry Kudlow is an ass. It was just plain greed that created this mess. How could banks give 100+ per cent mortgages to anybody? If housing prices continue to go down 20 + million homeowners will be upside down in their mortgages, and might walk away. Sure Wall Street creates products to meet consumer demand, but in many cases they also create the demand. Profits on these securities made many along the chain wealthy including people like Angelo Mozillo and the other crooks in the chain. This isn't only a sub prime problem. The levels of debt in the US is over whelming and since the Reagan administrations attacks on the dismanteling of regulations that affect the financial services ending with the death of Glass Steagle. This brought us the S & LO debacle and now the worst credit crises in decades. Its typical of Larry Kudlow and his republican ideological buddies to deny any responsibility for any of the disaters brought about by this administration. He should be fired. Apr 10 11:23 AM
    • Oh, the Irony: Fannie Mae's Delinquent Loan Losses, Government Housing Solutions [view article]
      The question here is the viability of the banking system. Some sort of entity has to take the bad loans off the books of the banks, like we did in the early 90s. However, at the same time we have to reverse some aggresive legislation that formed the foundation for the lunacy that evolved into the wild west of sub prime. The reforms that Chairman Bernanke spoke of yesterday, credit card reform and bankruptcy reform are needed.

      Its going to be very painful for us poor schnooks the taxpayers.       Feb 28 02:32 PM
    • Non-Core Inflation Firmly In Double-Digit Range [view article]
      I guess if you live in a cave and only eat leaves and heat your home by a burning fire, than core CPI works. For everybody else buy Gold. Feb 21 11:41 AM
    • Pundit Failure: We Are in a Bear Market and This Is a Recession [view article]
      Reggie:

      I read your blog everyday and your analysis is right on and first rate. CNBC and the other talking heads have to be bullish all day every day, and by and large no nothing. Just remember for most of my career on wall street there was never a sell rating on any stock for fear of being shut out of invetment banking revenue. That holds true today and also holds true for the financial shows. If it wasnt true people like Larry Kudlow, Ben Stein and most of the anchors would never be on the air.

      Keep up the good work. The Blog world will change the investment landscape but the pundits will fight to the death before going down.       Feb 13 09:32 AM
    • U.S. Debt Implosion Sets Bullish Scenario for Gold [view article]
      This article is right on the money. The great de-leveraging has begun as several financial superstars have described as a Minsky moment. The other side of this trade is lower standards of living and perhaps a return to reality. Jan 24 10:22 AM
    • Clinton and Obama: Hedge Fund Killers [view article]
      The author has to get a job on Larry Kudlow's show. If they had their way we would have unbreathable air, no highway system undrinkable water, poor old people. Sure there is govt waste, but to think that HF and PE mangers are a panacea to the economy is ludicrous. These were the guys that helped invent the toxic paper that is sloshing around the world and could bring about serious financial problems in this country. Jan 11 10:51 AM
    • Clinton and Obama: Hedge Fund Killers [view article]
      If you dont think that at least 2% management fees and 20% of the profits is enough incentive to operarte a hedge fund. I guess that Jim Simons only made $1.5 billion in 06 wasnt enough incentive either. This tax issue is a canard. Jan 10 03:00 PM
    • Introducing the Bagholder Bulls: KudSiegStein [view article]
      This is a great post and should point out to everyone, the conflicts of interest that these bubbleheads have. Nobody should ever listen to these idiots. FYI, Larry Kudlow and Ben Stein are perfect shills foer the republican establishment. Also Larry Kudlow is an economist who was fired at Bear Stearns and other firms. He is also a recovered Cocaine addict. Jan 09 09:08 AM
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