sourceview's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/71553/comments http://seekingalpha.com/article/138885-what-were-the-people-of-california-thinking?source=feed#comment-513853 513853 Fri, 22 May 2009 00:47:17 -0400 http://seekingalpha.com/article/124668-historical-patterns-predict-this-crisis-will-last-through-2025?source=feed#comment-418261 418261
For instance: "The natural force in play is the length of an average human lifetime, 85 - 100 years (also known as a saeculum)." Please tell me when the mean life span was this high? Maybe next century. This age cohort is now the 3rd standard deviation of the population curve and represents only about 1% of the world population!

When this author starts making factual statements derived from factual data he will have more impact.

Kants model: thesis-antithesis-synt... is more coherent and resonant with the history of mankind, but it failed to account for the process of unionization, and so Marx's adaptation of Kant and his prediction that Capitalism will fail and move into communism failed.

Why does Alpha allow such drivel?]]> Sun, 08 Mar 2009 15:21:20 -0400
For instance: "The natural force in play is the length of an average human lifetime, 85 - 100 years (also known as a saeculum)." Please tell me when the mean life span was this high? Maybe next century. This age cohort is now the 3rd standard deviation of the population curve and represents only about 1% of the world population!

When this author starts making factual statements derived from factual data he will have more impact.

Kants model: thesis-antithesis-synt... is more coherent and resonant with the history of mankind, but it failed to account for the process of unionization, and so Marx's adaptation of Kant and his prediction that Capitalism will fail and move into communism failed.

Why does Alpha allow such drivel?]]> http://seekingalpha.com/article/121870-bank-of-america-nationalization-would-shock-not-help-economy?source=feed#comment-399133 399133
BAC is a very competent class A predator. BAC is differentiated from Citibank mainly by issues of pure incompetence at C at many layers of their management. Nationalizing Citibank is a no brainer. BAC should also be nationalized.

Remember, BAC was "forced" to take funds from Feds to "mask" the banks who really needed it? Sheer misdirection! The Truth is that it was Bank of America (along with the Citibank losers) that needed those funds,

BAC was the true weak one (and Thain realized this - hence his 8 billion dollar bonus heist). BAC still does need a citizen handout of at least a Trillion to be safe.

BAC is still hiding its MAJOR LOSSES from defaulted credit cards, no doubt brought on by its arbitrary system wide increase to over 30% APR for everyone not personally "connected". There is a strong rumor that BAC is taking its defaulted credit card holders and financing its REO's to them by including the card debt on new mortgages at 5% 30 year fixed. Similar deals are working for homeowners in danger of foreclosure! Every lawyer in the USA is counseling their clients to default on ALL debt, in order to bolster the argument that they need a modified mortgage. Seems to be working!

Its stockholders of record, who bought the stock in the 30 to 60 range are looking at $3.81 Friday? The great mass of individual stockholders WOULD NOT suffer if BAC were nationalized. Does it matter to them if they realize 3.81 per share more long/short term loss? Not really. They will be in the hole for life, as will their already decimated 401ks. Best to cut the BAC house of cards at the balls while it still has a vestige of strength left. Even if Lewis resigns as he should, since this crap was all his idea, that should not deter nationalization.

USA is no longer a capitalist country anyway, especially for those fat cats with their hands out.

NO ENTERPRISE IS TOO BIG TO FAIL. ]]> Sun, 22 Feb 2009 17:44:02 -0500
BAC is a very competent class A predator. BAC is differentiated from Citibank mainly by issues of pure incompetence at C at many layers of their management. Nationalizing Citibank is a no brainer. BAC should also be nationalized.

Remember, BAC was "forced" to take funds from Feds to "mask" the banks who really needed it? Sheer misdirection! The Truth is that it was Bank of America (along with the Citibank losers) that needed those funds,

BAC was the true weak one (and Thain realized this - hence his 8 billion dollar bonus heist). BAC still does need a citizen handout of at least a Trillion to be safe.

BAC is still hiding its MAJOR LOSSES from defaulted credit cards, no doubt brought on by its arbitrary system wide increase to over 30% APR for everyone not personally "connected". There is a strong rumor that BAC is taking its defaulted credit card holders and financing its REO's to them by including the card debt on new mortgages at 5% 30 year fixed. Similar deals are working for homeowners in danger of foreclosure! Every lawyer in the USA is counseling their clients to default on ALL debt, in order to bolster the argument that they need a modified mortgage. Seems to be working!

Its stockholders of record, who bought the stock in the 30 to 60 range are looking at $3.81 Friday? The great mass of individual stockholders WOULD NOT suffer if BAC were nationalized. Does it matter to them if they realize 3.81 per share more long/short term loss? Not really. They will be in the hole for life, as will their already decimated 401ks. Best to cut the BAC house of cards at the balls while it still has a vestige of strength left. Even if Lewis resigns as he should, since this crap was all his idea, that should not deter nationalization.

USA is no longer a capitalist country anyway, especially for those fat cats with their hands out.

NO ENTERPRISE IS TOO BIG TO FAIL. ]]> http://seekingalpha.com/article/121730-when-will-things-get-better?source=feed#comment-397822 397822 it is NOT trinkle down economics, it is PISS ON YOU economics. There is a difference.

On Feb 20 08:14 AM bosun.j wrote:

> Things will get better when Main St. definitively rejects extremist-capitalist
> neo-CON tinkle down economics and forceably rejects its proponents.
> French Revolution style. Which, sadly, is to say things won't get
> better.]]> Sat, 21 Feb 2009 13:02:18 -0500 it is NOT trinkle down economics, it is PISS ON YOU economics. There is a difference.

On Feb 20 08:14 AM bosun.j wrote:

> Things will get better when Main St. definitively rejects extremist-capitalist
> neo-CON tinkle down economics and forceably rejects its proponents.
> French Revolution style. Which, sadly, is to say things won't get
> better.]]> http://seekingalpha.com/article/120698-foreclosure-moratoriums-it-s-time-to-get-real?source=feed#comment-391399 391399 Mon, 16 Feb 2009 22:21:14 -0500 http://seekingalpha.com/article/120159-stocks-are-doomed-only-cash-or-precious-metals-may-survive?source=feed#comment-386633 386633 Thu, 12 Feb 2009 23:23:41 -0500 http://seekingalpha.com/article/113614-new-mortgage-bankruptcy-bill-does-not-address-real-problem?source=feed#comment-348558 348558
What we now have is a Corporate Welfare State, pretending to be a market economy, where corrupt and incompetent corporations and their officers change their spots overnight so that they can stick their tongues out the following day for taxpayer holy communion from a Congress priesthood in their pockets.

Second, there is no such word as "anyways". These two factors lead me to question not only the tired old ideology of the writer and his abject followers (no doubt confining their communications to twits), but his educational attainment (lack of education and untenable ideologies seem to go hand in hand).

Third, mortgages are not priced according to risk, and do not function adequately on a macro level. The extant computer models are priced based on individual-based algorithms, and include "all the market will bear profits", plus outright greed (fostered by illegal and unethical tactics of financing sources) and racial and geographical discrimination.

Fourth, who cares if down payments are higher (that is a prudent factor which the lack of has cost us dearly), and interest is 1.5% higher (even at that level it is lower than anytime in our history since 1945!)

Fifth, our housing debacle is the result of a private market, that in the absence of competent regulation, went terribly awry. Good riddance.

Sixth, pouring money down the throat sewers of financial institutions is not the answer. They are already laughing all the way to their vaults, and still hanging onto their welfare gains by not loaning.

Seventh, come back to housing in 120 days, when the credit debacle hits. Regardless of a stricter bankruptcy law, you still can't squeeze blood out of turnips. Wait until it gets through to beleagered and buggered taxpayers that they can literally walk away from their phoney no-recourse mortgages, and since they won't ever be able to buy a house again, screw their 34% credit cards too*! Most will not have the money to go into bankruptcy, and lending institutions for a time will spin their wheels trying to collect, but the default will be so massive, more banks will dissolve in front of your face.

And like the recent overwhelming corporate welfare, any giveaway laws to consumers Congress will enact will only keep their jobs intact and have minimal impact on our false economy.

Just like the American People were lied to for a full year (We are NOT in a recession) they are now being lied to again - we are truly in a depression, except for the crooks.

*try a disabled person with a limited income that Bank of America allowed to mass a $50,000 balance, whose mortgage is 225,000 more than the value of her house. ]]> Wed, 07 Jan 2009 10:48:11 -0500
What we now have is a Corporate Welfare State, pretending to be a market economy, where corrupt and incompetent corporations and their officers change their spots overnight so that they can stick their tongues out the following day for taxpayer holy communion from a Congress priesthood in their pockets.

Second, there is no such word as "anyways". These two factors lead me to question not only the tired old ideology of the writer and his abject followers (no doubt confining their communications to twits), but his educational attainment (lack of education and untenable ideologies seem to go hand in hand).

Third, mortgages are not priced according to risk, and do not function adequately on a macro level. The extant computer models are priced based on individual-based algorithms, and include "all the market will bear profits", plus outright greed (fostered by illegal and unethical tactics of financing sources) and racial and geographical discrimination.

Fourth, who cares if down payments are higher (that is a prudent factor which the lack of has cost us dearly), and interest is 1.5% higher (even at that level it is lower than anytime in our history since 1945!)

Fifth, our housing debacle is the result of a private market, that in the absence of competent regulation, went terribly awry. Good riddance.

Sixth, pouring money down the throat sewers of financial institutions is not the answer. They are already laughing all the way to their vaults, and still hanging onto their welfare gains by not loaning.

Seventh, come back to housing in 120 days, when the credit debacle hits. Regardless of a stricter bankruptcy law, you still can't squeeze blood out of turnips. Wait until it gets through to beleagered and buggered taxpayers that they can literally walk away from their phoney no-recourse mortgages, and since they won't ever be able to buy a house again, screw their 34% credit cards too*! Most will not have the money to go into bankruptcy, and lending institutions for a time will spin their wheels trying to collect, but the default will be so massive, more banks will dissolve in front of your face.

And like the recent overwhelming corporate welfare, any giveaway laws to consumers Congress will enact will only keep their jobs intact and have minimal impact on our false economy.

Just like the American People were lied to for a full year (We are NOT in a recession) they are now being lied to again - we are truly in a depression, except for the crooks.

*try a disabled person with a limited income that Bank of America allowed to mass a $50,000 balance, whose mortgage is 225,000 more than the value of her house. ]]> http://seekingalpha.com/article/111673-could-it-be-a-happy-new-year-for-chrysler?source=feed#comment-335075 335075 Sun, 21 Dec 2008 13:08:04 -0500 http://seekingalpha.com/article/100387-bad-mortgages-are-only-the-beginning?source=feed#comment-284615 284615
But there are millions of persons out there who can't afford to pay the lawyers to go bankrupt! There will be so many defaulted debtors who won't bother to file, and that will be the bane of the banks.]]> Fri, 17 Oct 2008 12:10:41 -0400
But there are millions of persons out there who can't afford to pay the lawyers to go bankrupt! There will be so many defaulted debtors who won't bother to file, and that will be the bane of the banks.]]> http://seekingalpha.com/article/94181-week-in-review-s-p-1500-stocks-posting-large-moves?source=feed#comment-247065 247065 Sat, 06 Sep 2008 15:56:13 -0400 http://seekingalpha.com/article/92250-grading-paulson-and-bernanke?source=feed#comment-237302 237302 Sat, 23 Aug 2008 15:09:34 -0400 http://seekingalpha.com/article/91746-the-sec-s-campaign-against-short-sellers?source=feed#comment-234924 234924 Wed, 20 Aug 2008 13:02:20 -0400 http://seekingalpha.com/article/81353-a-stockholder-and-merchant-loses-confidence-in-ebay?source=feed#comment-186505 186505 Mon, 16 Jun 2008 13:01:35 -0400