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.
Roubini Is Right: Recovery Will Be Slow [View article]
It's not rocket science. If consumer spending makes up 70% of our economy, and half of them are either unemployed, underemployed or underwater on their mortgage, "recovery" should be replaced by treading water.
Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable [View article]
The ones who are going to walk are now moving towards the exits. Since the peak of the housing boom was 2nd quarter 2007, and you figure most of these folks financed with three year adjustable ARMs, we won't really know the damage until the 2010 elections.
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!
Massive Bank Shareholder Dilution Ahead [View article]
A no win situation. If the good banks pay back, and the bad banks are exposed, there will be a run on the bad banks. Then those banks will be nationalized.
Of course, the party in power is using crisis to benefit themselves, just as always. As long as there are Replicrats and Democans, the system will not change (until we go bankrupt). We didn't go into the crapper in just the last 6 weeks.
Why Zombie Banks Won't Be Nationalized [View article]
We slept with camels, now we have sand fleas.
On Mar 02 09:15 AM pacman1947 wrote:
> Whoa, Nelly! You mean American taxpayers must bail out these zombies > because oil-rich sheiks own shares? Huh? > > I hope there's more to it than that.
A Tale of Two Markets: Overvalued Stocks and the Declining Dollar [View article]
Wall Street Breakfast: Must-Know News [View article]
Roubini Is Right: Recovery Will Be Slow [View article]
If consumer spending makes up 70% of our economy,
and half of them are either unemployed, underemployed
or underwater on their mortgage, "recovery" should be replaced by treading water.
My Thoughts on Bernanke, Boeing and Citibank [View article]
Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable [View article]
we won't really know the damage until the 2010 elections.
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!
FDIC Won’t Rule Out Banks as Buyers of Toxic Assets [View article]
Wall Street Breakfast: Must-Know News [View article]
Massive Bank Shareholder Dilution Ahead [View article]
Massive Bank Shareholder Dilution Ahead [View article]
How Much Risk is the Treasury Really Assuming from Financial Institutions? [View article]
The Road to Economic Hell [View article]
As long as there are Replicrats and Democans, the system will not change (until we go bankrupt). We didn't go into the crapper in just the last 6 weeks.
Why Zombie Banks Won't Be Nationalized [View article]
On Mar 02 09:15 AM pacman1947 wrote:
> Whoa, Nelly! You mean American taxpayers must bail out these zombies
> because oil-rich sheiks own shares? Huh?
>
> I hope there's more to it than that.