Chancer

Wall Street Breakfast: Must-Know News

Old Trader:

I had the same "other shoes to follow" thought.


On Nov 27 11:38 AM Old Trader wrote:

> I can't help but wonder if Dubai is just the first shoe. This news
> has overshadowed Japan's Finance Minister thinking of asking for
> CB intervention on behalf of the yen, and the fact Vietnam has devalued
> the dong.

'Too Big to Exist' Bill Would Impose Market Discipline

Break up the banks that are "too big to fail."

Simple common sense.

B of A can be broken up into 4 to 5 regional bank; etc., etc.

They did it with the phone company.

This saves us from another incompetent, expensive government regulatory bureaucracy to control too big to fail, which then becomes too incompetent to regulate.

Thoughts on Executive Pay Restrictions

For me, it depends on the government's motivation for doing this.

If it was done to punish or for revenge, or for political reasons to make Obama look good, I am opposed. I have heard some knowledgeable pundits say this was for public relations.

If it was done to protect the financial health of the organization or taxpayer investment (loans), I would not be opposed. Banks do this all the time on business loans, especially for companies in "workout."

My personal opinion is that it was pure politics.

Too Big to Fail Banks: Greenspan Says 'Break 'Em Up'. What Are the Chances?

I don't usually agree with Greenspan. But this time he is right.

Why create more government bureaucracy to regulate "too big to fail"? Due to regulator incompetence, those regulators will most likely also fail. Inspector General's report just blamed Geitner for being asleep (his staff knew) re. AIG bonuses while governor of NY Fed. He is supposed to be: Obama's "best and brightest."

Consumers have not benefited from bank mergers, which were really done to generate huge fees for investment bankers and huge bonuses for bank executives. They also caused more job losses.

Remember, they broke up the phone company. We should break up all "too big to fail" financial institutions into "NOT too big to fail."

Too Big to Fail - Everyone but Washington Knows What Needs to be Done

Why is this so hard?

The simplest and most logical solution is to reduce the size so that no institution is "too big to fail."

Do not allow them to become the big. For those "too big" already, bust them into smaller pieces; like they did with AT&T.

B of A (etc.) can be broken into 4 regional banks: Northeast, Southern, Midwest, and West.

Why We Need to Shrink America's Bloated Finance Sector

The political class wants big government regulation (and bureaucracy) to regulate big financial institutions.

The simple solution is to prevent the financial institutions from getting so big that they are too big to fail.

Break them up into smaller organizations so that they do not threaten the entire financial system. They broke up AT&T. They can break B of A and Citibank into 4 regional banks. Consumers have not benefited from all the bank mergers and consolidation of financial institutions.

Sometimes the best solution is the simplest solution.

Five Reasons the Market Could Crash This Fall

But where is the SEC in investigating that corruption? Hiding under their bed.

The SEC was the greatest failure under "paper pusher" Chris Cox.

Under Cox, we had: no regulation of naked shorts, mark to market, elimination of uptick rule, no investigation of Bernie Madoff and numerous other crooks.

And now Cox works for a Newport Beach law firm. He is not qualified to prepare a dog license application.



On Aug 04 02:48 PM SeekingTruth wrote:

> Whether the market crashes in the Fall or not, the established modus
> operandi of the markets will still be in place, and as such, it shall
> remain "The Big Casino in the Sky".
> There is and always has been far too much corruption in the markets.
> That is why there are millions of dollars of fines being paid every
> day with no admission of innocence or denial, in itself another form
> of corruption supported by the "system".
> As long as we have State supported and protected Corporate corruption,
> the markets shall remain far more treacherous to the small investor
> than they truly should be, and to an increasing degree, unacceptably
> so.
> So step up ,place your chips and spin the Big Wheel as you wish,
> you just might hit it lucky.

BofA, Wells Fargo, Citi: Preferred Stock Analysis

Bill Gross recommended these preferred's in his appearance on Wealthtrack. Gross has the expertise (and staff) to analyze these, but risks are greater for individual investors.

I do not think there is anything at all good about Citibank- unless you have an FDIC insured deposit there.

If I invested in these, I would pick WFC.

What Happens After Banks Repay TARP Loans?

What will Obummer do with the repaid funds?

Spend it on his national health care plan?

Split it with Geitner and run to some offshore location where there is no extradition?

The AIG Bailout: Why Was the Onus Placed on Taxpayers?

Micajah:

You get it.

The entire country has gone mad about the taxpayer bailout of AIG. Except that is all wrong. The AIG bailout came from the Federal Reserve from "funny" money that Bernanke/Federal Reserve creates (out of thin arir) by computer entry (as Bernanke said on "60 Minutes") in banks where Fed has accounts.

AIG bailout is not in the budget, deficit, nor a taxpayer debt. If AIG fails to pay back the Fed, it would seem that the money just goes up in smoke like a restriction of the money supply. Too bad they did not do all the bailouts with Fed funny money. That would be better for the taxpayers.

Jim Rogers' Picks and Pans - Barron's Interview

Remember guys that Rogers has an agenda here.

He is tauting the investments that he makes to bring in more buyers so that his investments will go up more.

When he tells people to sell, he already sold. Then he will buy back in when everyone else is selling.

After all, his background is hedge funds.