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Bear Bait

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  • DealBook: When activist investors aim at strong companies, America loses [View news story]
    I've been wrong before; but, my take on activist investors is: They are interested in one thing and one thing only. Making big money for themselves and to hell with everyone else
    Nov 22, 2014. 10:29 AM | 15 Likes Like |Link to Comment
  • Citi and Wells Fargo sued by L.A. over lending practices [View news story]
    Sounds to me like the old joke.....I lost a million dollars in the stock market yesterday because I didn't have a 100,000 shares of Apple. The next thing they will file a lawsuit over is Walmart doesn't have more stores in my city due to blankety blankedty reasons and we are loosing Tax revenue and should be compensated. Absolutely idiotic. Sounds like a City Attorney trying to make a name for himself.
    Dec 6, 2013. 07:55 AM | 12 Likes Like |Link to Comment
  • Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%[View news story]
    He should play hardball. Dems got the pop vote and polls show the majority of even Republicans support increased taxes on the wealthy. The Dim witted T'baggers are cutting their own throats. Which is fine with me. I can't wait until they are footnote in the history books. They have done more damage to this country than any terrorist group. Good riddance!
    Dec 28, 2012. 04:02 PM | 12 Likes Like |Link to Comment
  • Goldman Sachs (GS) already has figured out a way to circumvent the Volcker Rule, Charlie Gasparino says: turning its risk-taking traders into asset managers. Goldman has moved about half of its prop stock-trading operations into its asset management division, he says, where the traders can talk to clients and then place their market bets; the rest of Wall Street may soon follow.  [View news story]
    Kinda why I was thinking' the financial regs were and are for the most part a great deal to do about nothing. When the people you are regulating are making you rich, it's tough to sit down on them very hard!
    Jul 27, 2010. 06:22 PM | 12 Likes Like |Link to Comment
  • Food stamps, rebranded as "nutritional aid," now help feed one in four U.S. children, and one in eight adults - even as welfare rolls have stayed virtually flat.  [View news story]
    Do most of you guys belong to White Supremacy groups too?
    Nov 29, 2009. 10:26 AM | 10 Likes Like |Link to Comment
  • Report: DOJ wants more than $10B from Citi over mortgages [View news story]
    I'm not very well read on this; but, in some instances didn't the banks do the government a favor by taking over some of these failing banks? Now the government is filing suit against the banks for actions of the failing banks they helped the government out with. It is not well stated but it seems the government has in a sense bitten the hand that helped them. I agree with Jack. Go after the individual bankers that were guilty of wrong doing.
    Jun 13, 2014. 11:30 AM | 8 Likes Like |Link to Comment
  • Barring an unforeseen miracle, Congress' supercommittee will concede tomorrow it has failed in its efforts to produce $1.2T in deficit cuts. With even a fig-leaf deal now unlikely, talks are focused on "how to shut this turkey down."  [View news story]
    What will happen if a deal is reached? Nothing. What will happen if a deal is not reached? Nothing. The only thing we have learned is that the two sides can't agree on anything. I still feel my party (Republican) is still the main hang up on this deal. Premarket trading will begin in about 3 hours and we will see how futures react. I can't trade until 7 am tomorrow. Byt then it will bb to late.
    Nov 20, 2011. 02:50 PM | 8 Likes Like |Link to Comment
  • So the U.S. lost S&P's AAA rating for the first time in a 70-year history; so what? Mark Thoma says this is S&P erring on the only side it can after blowing the pre-crisis situation. Always pragmatic Warren Buffett says solvency's not an issue when the debts are all in currency the U.S. can print; inflation, that's another story. Ready to buy on this coming dip?  [View news story]
    I've been a Republican for forty years and I think the Teabaggers are idiots.
    Aug 6, 2011. 01:52 PM | 8 Likes Like |Link to Comment
  • It's endgame in Rhode Island where pension obligations are devouring ever-increasing portions of the state and city budgets. Like GM as it reeled towards bankruptcy, the state seems to serve little purpose other than as a vessel to ensure the flow of money towards retirees and bondholders. Is Athens on the Narragansett a window on the future of other U.S. states?  [View news story]
    Not that I think it's ok; but, we can't just blame unions. They were not given a blank check. The Unions may have written the check; but, our elected officials signed it. It's isn't like "unfunded pension liabilities" just appeared out of nowhere. I can remember reading about this 30 to 40 years ago. Furthermore it was Republicans and Democrats alike that signed those checks. Who is at fault in the mortgage mess. The home buyer for asking for an unrealistic loan or the bank for approving it? In the executive pay fiasco, who is at fault, the executive for asking for outrageous compensation or the corporation for paying it? The entity at fault is the opne theat didn't have the balls to say no.
    Oct 23, 2011. 05:00 PM | 7 Likes Like |Link to Comment
  • Not since at least 1960 has the U.S. standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the start of the recession. More pieces of evidence (as if you needed them): The misery index has hit a 28-year high, real GDP is mired at 2005 levels, and median paychecks are at their lowest since 1999.  [View news story]
    The wealthy pay less per cent of their income than they ever have. Shit man you can look that up in Wikipedia. It ain't no big secret.
    "The "wealthy" already pay a much larger percentage of the taxes ..." You must be an economist. If you state the question correctly, you can get the answer you want. If 1% of the tax payers make 90% of the income, they can pay less dollars in income taxes per dollar earned than everybody else and still account for the majority of the total taxes paid. There is absolutley no reason for the wealty to pay the same or less tax than the middle and low wage earners. The wealthy create jobs is crap. They put their money in hedge funds and speculate on oil and the health of the PIIGS. You can find this in Wikipedia too, the American middle class is the engine that drives this country's economy. If you want to create jobs, give the middle class a big tax cut. They'll spend every damn dime and not invest it in hedge funds.
    Oct 20, 2011. 11:17 PM | 7 Likes Like |Link to Comment
  • John Boehner is set to march into a meeting with President Obama today armed with a letter from over 150 economists that back Boehner's call to match any increase in the debt limit with spending cuts of equal size. Signatories include Nobel laureate Robert Mundell of Columbia.  [View news story]
    The Republicans can not be serious about deficit reduction when they exclude the reinstatement of the Bush tax breaks. This is not new taxes just a return to old taxes. These tax breaks helped fuel the current deficit. Get serious Republicans put everything on the table and then we can have a serious discussion.
    Jun 1, 2011. 08:48 AM | 7 Likes Like |Link to Comment
  • Former Air Force Chief of Staff, Gen. Merrill McPeak disagrees with much of the chatter regarding the no-fly zone. "I can’t imagine an easier military problem ... just flying a few jets across the top of the friendlies would probably be enough to ground the Libyan Air Force."  [View news story]
    I have no doubt we can do it. I just am wondering why we think we have the right to do it. To error is human. To make the same mistake Iraqi, Afghani and perhaps Libya times may be really ignorant. Although I must admit I'd like to see him gone. To bad he wasn't in the house Reagan had bombed 30 years ago.
    Mar 10, 2011. 06:20 PM | 7 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    I don't this guy; but, it sounds like a good idea to me. Low to middle income household put every penny they get back into the economy due to necessity while higher income households have a tendency to send their money to banks offshore.
    Jul 15, 2010. 02:19 PM | 7 Likes Like |Link to Comment
  • Obamacare "fix" puts insurers in a tough spot [View news story]
    I'm not a fan of Affordable Care Act; but, I'm even less a fan of the Insurance companies. It doesn't matter which way it goes, up or down left or right, the Ins Companies will use it as an excuse to raise premiums or in some way make themselves more money.
    Nov 14, 2013. 07:33 PM | 6 Likes Like |Link to Comment
  • Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. [View news story]
    it isn't new taxes it's the reinstatement of old taxes.....the tax cuts were never permanent they were temporary. The wealthy don't create jobs with the money anyway. They stick it in hedge funds
    Dec 24, 2012. 08:36 AM | 6 Likes Like |Link to Comment
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