mallarde

Moral Hazard, Goldman Edition

How does this company exist as a publicly-traded company when their shareholders only receive what management feels like giving them after they are finished distributing their absurd compensation packages?

What goes on on Wall Street seems like it should have existed in the 1920s, not in our "modern" era where information flows so freely.

Goldman's Success: Put Down Those Pitchforks

I am waiting for someone to explain what Goldman, et al. do that cannot be duplicated by other up and coming banks. I can understand the importance of having investment banks, generally. I can also -- perhaps -- understand the importance of having banks that can securitize debt even if this market must shrink.

Still, I can not figure out how GM or Chrysler going under could not be more disruptive than these New York financial firms going under. All these absurd debt instruments have only enriched financial firms; they have not benefited the economy.

Back Room Deal? - Cramer's Mad Money (10/10/08)

Give the guy a break. He "changed his mind in a day" after the biggest point swing in the history of the market. Of course, he is going to give different advice after such a big drop.

Personally, I like his analysis compared to the panels of talking heads that are afraid to take a position on anything and are all trying to sell their picks that they their clients already bought.

Wachovia: Buyable?

I hope they cut the dividend. Diluting shareholders and using this money to pay out dividends seems inefficient and desperate.

I would much prefer that they slash the dividend. Why pay out profits WB does not have?