pockyclips 2020

120 Comments

    • Who We Should Blame for This Crisis [view article]
      I'd concur. Blaming subprime borrowers for this mess is like blaming the forest for forest fires. I laugh every time one of big local mortgage companies slams ARMs, when just 2 years ago this same lender was pushing 125% & skip payment loans. Oct 10 08:49 AM
    • Wall Street Breakfast: Must-Know News [view article]
      Over $8 trillion in American wealth lost over the last year, along with our good name? How pathetic. Some one should be hung. I'm not kidding. They used to hang people for stealing horses. They should punish these fat bast**d MBAs for creating this disaster. All golden parachutes should have their ripcords cut!

      It would have been far easier to buy the 1 million mortgage defaults for $200 K each, give the deed to the occupiers of said homes, and tell the banks to wipe their a** with their credit default swaps.

      I got my 401k statement yesterday; it sits on the coffee table unopened.
      If W and the other jackasses on the hill don't pull any more stupid stunts, I'm probably out only 40% of my retirement savings.       Oct 10 08:27 AM
    • Did JPMorgan Almost Fail? [view article]
      Pretty amazing that ole J.P Morgan always comes out smelling like a rose. They created the monster known as the CDS back in the '90s, and used it to bring down their competition.

      The way I remember the 1907 story, J.P. conspired to pump a little known stock that controlled access to the Chicago rail terminal out of spite. Just before the crash, the Chicago, Burlington, and Quincy was accounting for more than a third of the volume of the NYSE. This little railroad is now known as Burlington Northern Santa Fe, the largest railroad in the world, swallowing up Great Northern and the Santa Fe.

      J.P was later called on to "rescue" the market. Funny how some things never change!       Oct 09 08:17 AM
    • Cramer: Dow Could Drop Another 14%, Oil's Going to $50 [view article]
      Biggest tax ever is inflation; at least 40% this decade! Government seems to grow the most during (conservative?) Republican administrations. IF oil goes to $50/barrel (a big if), the chant will be
      buy, buy, buy. There will be no incentive to drill, drill, drill.

      We will be no closer to energy independence at the end of the McSame administration than we are now, but $3 trillion deeper in debt.
      You might as well start pricing everything in rolls of toilet paper, because it's more useful than the dollar.
       Oct 07 02:19 PM
    • Wall Street Breakfast: Must-Know News [view article]
      The real price tag on Bailout 2.0 is now approaching $900 B, assuming
      FDIC doesn't actually have to pay out on those $250 K deposits!
      Coupled with the rumored interest rate cut, I see us turning Japanese
      and everything won't be all right.       Oct 02 08:45 AM
    • 5 Reasons Why the $700B Bailout Could Translate to $250 Oil [view article]
      More paper dumped on world market = higher prices for oil.
      Two things to ponder:

      1) If oil "stabilizes" @ around $100/barrel, you will find big oil and their cronies won't be shouting "drill, drill, drill". Not enough profit margin for them to put large amounts of capital at risk. ANWR will stay untouched, and only the juicy offshore sites will be explored.

      2) There may be temptation by the Russians, Iran, or perhaps our good friends the Saudis to prop up oil prices. They have adjusted their spending habits upwards, and need the income to support their lifestyles. An "accident" in the Persian Gulf, geopolitical change in Ukraine/Georgia, perhaps a terrorist attack or tanker hijacking would send prices up.

      $70/barrel is nothing but a wet dream.       Oct 01 09:07 AM
    • Financial Markets Circle the Drain: Where Does That Leave Clean Energy? [view article]
      Funny. I used to get 4 credit card offers per week. All of a sudden, none.
      Must be some truth to the headlines.       Sep 30 09:34 AM
    • Wall Street Breakfast: Must-Know News [view article]
      Joysee:

      What death tax? What capital gains? It's T minus 10 'till retirement for me, and it looks like I have little to worry from either. Let's concern ourselves with the clear and present danger: Don't trust the foxes to guard the henhouse! And don't trust the guy who brought us the S and L crisis back in the 80s to do the right thing this time, either.       Sep 27 01:02 PM
    • GE: Bringing the Electric Car to Life [view article]
      Much as I would like to see it happen, there are problems.
      1) Americans will have to change their mindset. Cars will have to be slow charged, preferably overnight. No long distance trips. Train/car combo trips maybe, where you can recharge your vehicle while being transported by rail.
      2) Present battery technology limits electrics to So Cal, South Texas
      and Florida. Batteries won't charge well the further from room temp. you go.
      3) Cost. You'll have to plunk down at least $3k every 3 years to replace your batteries, in addition to the higher up front cost.
       Sep 24 02:22 PM
    • Wall Street Breakfast: Must-Know News [view article]
      Loans, si. Bailout, no. Loan the bad bettors the money, let them cleanup the mess. If companies get to big to fail, then there should be limits on how big a company should get.

      Taxpayers will be lucky to get 20 cents on the dollar under the present plan. There is no incentive for the crooks to do any better.

      No doubt that the neocons and the con artists are using 911 scare tactics to steamrolller the opposition. Conservatives should act conservative, and not rush the bailout bill. It took these clowns 8 years
      to create this mess, so we shouldn't expect the problem to be solved in a week.       Sep 24 08:45 AM
    • Going to Hell in a Handbasket: The Rush To Protect More Stocks [view article]
      AIG was "saved" for it's 401ks. The politicos and Fortune 500 types don't want to tip their hand that these are just another bubble waiting to go bust. Sep 20 04:24 PM
    • Market Performance, Apple and Natural Gas Updates [view article]
      The cat is usually dies after the 2nd bounce. Sep 20 04:03 PM
    • Panic Investors: Gold or Silver? [view article]
      Panic, hell. Common sense. The chickens have come home to roost!
      With the US taxpayer socializing $900 billion of bailout debt this year alone, & $1 billion/day minimum cost of the war, everyone's wise to the gig. Since President McSame won't raise taxes and can't cut spending,
      keep them greenbacks a' printin'.       Sep 17 12:36 PM
    • OPEC: The Saudis Have Left the Building [view article]
      The Saudis know which side the camel craps on. If the West gets serious about alternatives, they'll have to pare their harem. So they keep playing Three Card Monte; talking moderating oil price increases the same time they're financing the terrorists. As long as their friends in Washington go along, the Saudis will keep playing the game. Sep 13 12:32 PM
    • Political Energy Policy Just for Laughs [view article]
      What? All constructive comments. Is this really SA?
      I have to admit, T Boone makes even more sense live and in person. Unfortunately, I think we will pi** this opportunity for change away, just like the early 80s. Big Oil and Big government have no incentive to change; no continuing revenue stream and no political contributions. That why all the alt energy bashing.

      Like 9/11, we will wait for the catastrophe, and then do something (usually wrong). Nationalization of oil, similar to Fannie and Freddie
      is already in the works. Government and industry will get theirs,
      everyone else will be left to fend for themselves.       Sep 11 09:32 AM
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