Wall Street Breakfast: Must-Know News [View article]
China will accelerate their conversion of dollars to hard assets in the coming months. Uncle Sam will end up bailing out California, flooding the world with even more fiat currency.
Wall Street Breakfast: Must-Know News [View article]
Yeah, it's a sad comment on how much the dollar has depreciated in a generation. Most kids laugh like I'm senile when I tell them you could buy a new vehicle for $7k in the '80s.
On Jun 22 09:26 AM prudentinvestor wrote:
> Almost a footnote at the end of the page: "Georgia-based Southern > Community Bank's closure will cost the FDIC $114M. North Carolina-based > Cooperative Bank's closure will cost the FDIC $217M. Kansas-based > First National Bank of Anthony's closure will cost the FDIC $32.2M." > > > These add up to roughly $365m, which is roughly the cost to the taxpayers > of the entire real estate crash of the late 1980's. > > In other words, the total cost to the taxpayers of the previous, > disastrous real estate crash of twenty years ago is now treated as > a minor footnote, repeated on a weekly basis, and almost unnoticed. > Last time, fraudulent bankers were led in chains by the FBI, and > this time they are getting bonuses. Is this the "change we can believe > in" ?
Wall Street Breakfast: Must-Know News [View article]
I don't like the idea of a "pay czar", but I like even less that CEOs and board of directors don't practice what they preach. I don't recall hearing any of these guys taking a 90% pay cut, although several of my stocks have.
As for derivatives, too little and too late. If these time bombs were going to be used as securities, they should have been regulated from day 1. These guys are printing their own money. I believe the only allowed options should be commodities. They should be used as insurance, as they were intended!
Wall Street Breakfast: Must-Know News [View article]
What a load of crap. I don't recall this kind of angst when billions in bonus money went to defense contractors. Wasteful spending only seems to count when the donkeys are in the White House. What do you expect when the revolving door goes from regulators to Wall Street?
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
in a generation. Most kids laugh like I'm senile when I tell them you could buy a new vehicle for $7k in the '80s.
On Jun 22 09:26 AM prudentinvestor wrote:
> Almost a footnote at the end of the page: "Georgia-based Southern
> Community Bank's closure will cost the FDIC $114M. North Carolina-based
> Cooperative Bank's closure will cost the FDIC $217M. Kansas-based
> First National Bank of Anthony's closure will cost the FDIC $32.2M."
>
>
> These add up to roughly $365m, which is roughly the cost to the taxpayers
> of the entire real estate crash of the late 1980's.
>
> In other words, the total cost to the taxpayers of the previous,
> disastrous real estate crash of twenty years ago is now treated as
> a minor footnote, repeated on a weekly basis, and almost unnoticed.
> Last time, fraudulent bankers were led in chains by the FBI, and
> this time they are getting bonuses. Is this the "change we can believe
> in" ?
Wall Street Breakfast: Must-Know News [View article]
As for derivatives, too little and too late. If these time bombs were going to be used as securities, they should have been regulated from day 1. These guys are printing their own money. I believe the only allowed options should be commodities. They should be used as insurance, as they were intended!
Wall Street Breakfast: Must-Know News [View article]
Market Performance, Apple and Natural Gas Updates [View article]