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  • The Mess on Wall Street: $4 Trillion Down the Drain
    Your graphic had Citigroup by mistake...oh, rats, I gave that one away too. Time travel can be quite confusing. I thought this was mid-October.
    Sep 18 04:03 am |Rating: 0 0 |Link to Comment |View article
  • The Mess on Wall Street: $4 Trillion Down the Drain
    Shouldibuyit...since you are unable to do this yourself, you go to Yahoo! and enter the symbol. They choose "key statistics". Oh, lookey here! It say WM is worth 3.94B.

    finance.yahoo.com/q/ks...

    To all those that worry about the people (government) taking back their property (stocks, bonds, etc.) I can only ask "why"? The machine failed and you're getting back your assets for pennies on the dollar, without a revolution. If AIG, WM, BSC, LEH, FNM, FRE, MER, and others had stayed private, you would have had......what? Now you own them, for next to nothing, and the only thing you did not get was MER, and BAC stepped up and did the "blue blood" thing, and overpaid. We'll look back on this, ten years from now, over a burger, the five dollar one, not the $15 dolllar one, and laugh, laugh, laugh.
    Sep 17 02:27 am |Rating: 0 0 |Link to Comment |View article
  • Fannie, Freddie Bailout To Wipe Out Equity Holders?
    I predict the government will take control on Sept. 6th, and the shorts will be correct.
    Sep 06 19:32 pm |Rating: 0 0 |Link to Comment |View article
  • Bill Ackman's Letter to Paulson On Restructuring Plan
    Correction, Ackman's buying of Borders (BGP), not Barnes and Noble (like there's a difference...)

    www.secform4.com/insid...

    Got that trade was hilarious. Still is!!!
    Sep 06 18:45 pm |Rating: 0 0 |Link to Comment |View article
  • Bill Ackman's Letter to Paulson On Restructuring Plan
    Ackman is, as usual, awesome (except for his Barnes and Noble position). Although not a member of the PPT, he graciously gives his advice to a Secretary of the Treasury who not only encouraged his Wall Street brethren to "push the envelope" with their structured finance voo-doo, by trumpeting that the PPT was in full swing Oct. 2006 (got your back guys), but later admonished the ibanks for doing the obvious and overworking a good thing. Ackman not only becomes a billionaire by seeing through the charade (as did Soros, Jon Paulson, and others) but has the stones to put out letters like this. Sorry, David Einhorn, I'm jumping Ackman ahead of you for now, as the guy I enjoy watching the most on Wall Street.
    Sep 06 17:35 pm |Rating: 0 0 |Link to Comment |View article
  • Rescuing Frannie
    I've read everything coming out of the mainstream press on this common stockholder dies, preferred stockholder lives take-over.

    Marketwatch believes it is good for the market but did not say anything about the common, preferred stockholders or bondholders...
    www.marketwatch.com/m/...

    CNBC put out that common stockholders are going to see zero...
    www.cnbc.com//id/26576...|headline|quote|text|&...

    Cramer is hard to decipher, as is Jeff Macke and Guy Adami. After hours action had both stocks down 20%, and the message boards are filling up with the same kind of fare I read when Bear Stearns went down the tubes (suicide threats, woe, ridicule, political banter, gold buggery, etc.) I was hoping someone knowledgeable would spell all of this out. As Tom Petty once said, "the waiting is the hardest part (umph)"....
    Sep 06 17:24 pm |Rating: 0 0 |Link to Comment |View article
  • Rescuing Frannie
    www.nypost.com/seven/1...

    It's been a fascinating two years. Can wait for the book that give me the missing details. Of course, bookstores will have to re-shelve Greenspan's book to the fiction section, but no one will be looking for it anyway.
    Sep 06 15:19 pm |Rating: 0 0 |Link to Comment |View article

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