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  • A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
    I don't get it, it's not like there isn't an example of where we are heading going on all over Europe right now.

    I would hope that we will eventually (soon) realize that we are responsible for ourselves. Not only is it not the governments job to protect us from risk, they do a really bad job at it.
    Apr 7 11:42 AM | 1 Like Like |Link to Comment
  • A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
    The only reason we have to make them hold more capital is if they fail the government will step in and no one is allowed to lose money.
    Apr 7 11:30 AM | 1 Like Like |Link to Comment
  • A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
    They are just banning loans that end up not working out.

    They also seem to be banning investments that don't work out (London Whale, Facebook IPO).

    So be careful making an investment that loses money...this will not be tolerated.
    Apr 7 11:26 AM | Likes Like |Link to Comment
  • A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
    You don't need capital requirements if you aren't going to bail out the banks. But I guess going forward we have to limit risk that financial corporations can take since we will have to bail them out if they get into trouble.
    Apr 7 11:23 AM | 1 Like Like |Link to Comment
  • In a rare move for an Apple (AAPL) exec, marketing chief Phil Schiller is trashing Android (GOOG) ahead of tomorrow's Samsung Galaxy S IV event. Schiller takes aim at Android's fragmentation, noting only 16% of users (per Google's data) are on Android 4.1 (Jelly Bean), and claims (citing Apple's internal data) 4x as many smartphone users switched from Android to the iPhone in Q4 than vice versa. Is Schiller just being candid, or does Apple now think Android's rise demands a more aggressive marketing stance? [View news story]
    "I have a position in AAPL as a result of doing extensive research on the markets in which AAPL operates. Have you?"

    You seem objective. I don't understand all of these people acting like Apple is their kid or their favorite sports team.
    Mar 14 01:16 AM | 1 Like Like |Link to Comment
  • "If capitalism is America’s biggest problem, why save it?" asks MarketWatch's Paul Farrell. "Wall Street, Corporate America, Big Oil and the entire economy been transformed into a bizarre circus Adam Smith would never recognize. Capitalism is now an out-of-control Frankenstein monster that changed everything." Not that Farrell provides any alternatives. [View news story]
    The FDIC is a bailout that creates no reason to care if your bank is solvent.
    Feb 24 06:42 PM | 1 Like Like |Link to Comment
  • How much debt can the U.S. handle? A new paper quantifies an 80% public debt to GDP ratio - where the U.S. is right now - as the point at which a nation reaches a potential tipping point; once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious cycles that have crippled others. Two responses from Fed officials see the analysis as simplistic and eurocentric[View news story]
    So the 80% number is counting trillions in unfunded public sector pensions and future social security and medicare shortfalls?
    Feb 23 09:47 AM | 1 Like Like |Link to Comment
  • The tax debate percolating in D.C. could have a big impact on stock market returns, a J.P. Morgan analyst says. A Democrat idea to hike the marginal high-income tax rate and capital gains tax rate by 5% and the dividend tax rate by 24.5% would hit stocks by an estimated 7%-15%, while a Republican idea to cut the corporate rate by up to 10% would boost stocks 7%-14%.  [View news story]
    Terry,

    You act like everyone that would want these taxes reduced is pro war. Save the lines to score political points for the rally.

    How is taxing dividends at a super high (double taxed) rate instead of a rate above that a handout? Paying no taxes and demanding people who pay tons of taxes to put more in the pot would seem a lot more like looking for a handout.

    It probably helps the economy as much as forcing companies to keep money abroad with high taxes that they could invest in the U.S. or distribute as dividends.
    Jul 24 09:12 PM | 5 Likes Like |Link to Comment
  • Critics are questioning the fancy footwork of Groupon CEO Andrew Mason in the IPO prospectus to justify a lack of profit. Adjusted Consolidated Segment Operating Income? Huh? No matter how you slice it, income is income, and debits are debits.  [View news story]
    Tons of competitors coming up, no moat, but at least they don't make money.

    Hard to complain since we can sell Puts soon enough.
    Jun 3 10:12 PM | 1 Like Like |Link to Comment
  • Might David Einhorn's NY Mets purchase be more than the actualization of a life-sized childhood fantasy? Terry Keenan thinks so. With the Mets, Einhorn gets an unparallelled moat, built-in insulation from foreign competition, a front-row seat at the management table, and an enviable inflation hedge.  [View news story]
    Seems like he got a good deal, but why does he not want anything to do with the TV stuff?

    That's where the money is.
    May 29 04:36 PM | Likes Like |Link to Comment
  • Changing your mind as the facts emerge is nice work if you can get it. New Bill Gross: "End of QE2 may or may not lead to higher yields." Old Bill: Yields may "go higher, maybe even much higher" to attract buyers after QE2 ends. New Meredith Whitney: "I never said that there would be hundreds of billions" in muni defaults. Old Meredith: "This will amount to hundreds of billions of dollars’ worth of defaults."  [View news story]
    Whitney is a good example of someone who was right once and now is a go to quote for everything.

    Also, changing you mind is a lot different than saying you never said something. When you said that something on 60 Minutes, it's kind of hard to claim it didn't happen.
    May 24 10:44 PM | 1 Like Like |Link to Comment
  • Treasury's Geithner warns Congress again with direct details: Inaction on the debt ceiling will drive interest rates up, household wealth down, "catastrophic" defaults on entitlements and service member pay - and a double-dip recession.  [View news story]
    But nobody will touch raising taxes.

    Because people with tons of money are too taxed...never mind that because of capital gains and dividend taxes they shouldn't be really paying anymore that around 20% on most of their money.

    And nobody will touch defense.


    The people who don't want to raise the debt ceiling also refuse to raise taxes or cut defense spending. They want to go ahead and lower taxes.

    As a position, that makes no logical sense.
    May 14 05:30 PM | 9 Likes Like |Link to Comment
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