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Wall Street, 1792 - 2008?

We desperately need term limits on Congress and a law making it a criminal offense for any former member of Congress to lobby Congress. Both political parties have been massively corrupted by the process. These bastards don't represent the people, they represent themselves!!!
Sep 27 11:08 am |Rating: 0 0 |Link to Comment |View article
The U.S. on the Precipice

Many of the responders to this post seem eager to blame all of this mess on "King George". You need to go back and read it again. Note carefully the names Raines, Gorelick, Dodd, and Frank. These folks are no fans of "King George" but will be tight with Obama! and his friends. Both political parties are deeply morally compromised. I have sadly concluded that Bush 41 and Bush 43 are both RINOS.
Sep 15 11:21 am |Rating: 0 0 |Link to Comment |View article
Freddie's Loss is Gold's Gain

It's not just a loss of faith in the integrity of the currency. It is also a loss of faith in the integrity of all political parties and all who would be elected politicians. Politicians use demagoguery because it works with the average voter.
Aug 24 12:08 pm |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
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Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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