john haskell

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  • Jim Rogers' Picks and Pans - Barron's Interview
    he woofed and woofed at great length about "I'm going to move to China, just you watch, I'm going to move to China," then moved to Singapore, "so my daughter could learn the language" in a city where they have to have a "Speak Mandarin Campaign" to get people to speak Mandarin instead of Hokkienese and English is one of the official languages. Oh, and did I mention Russia is going to break up into a congerie of warring tribes? Whatever.
    Apr 14 09:00 am |Rating: 0 0 |Link to Comment |View article
  • Citi's Deal: Unclogging of the System
    Leveraged loans have been trading since the beginning of the crunch in July. They just weren't trading at prices that banks liked, which is a different thing entirely.

    As for "finding a buyer," it's always possible to find a buyer if you finance him. In fact that's how the homebuilding industry found buyers for the past 5 years. That worked well, so why not repeat the experience with leveraged loans?
    Apr 11 09:15 am |Rating: 0 0 |Link to Comment |View article
  • Citigroup Bottoming - Plus Some Free Advice for Meredith Whitney
    listen here young'un! In my day, a dollar was a dollar! And you could buy a Coke for a nickel! Ai! Nowadays, these flim flam artists! Citibank ain't no good nohow! When I was your age, we called it "National City Bank" and it was good as gold! Shouldn'a never let Coolidge leave the White House, he was the best President we ever had! Oh, my head hurts, I need to take a nap.
    Mar 04 15:37 pm |Rating: 0 0 |Link to Comment |View article
  • A Bank Led, Bank Insurer Bailout?!
    Prescient 11 above does a good job of summarizing the "what me worry" line of argument. The "monolines" are doing great because muni issuers pay them fat fees for doing nothing (and prescient11, despite his moniker, assumes this state of affairs will continue indefinitely).

    "Prescient" then goes on to assert that Citi is "happy to hold" Ambac insured assets - (what?!) and then argues that anyone who does not have full information (which ABK and C of course are not releasing) "is an idiot."

    Mr Prescient- all you need to know was revealed to you in Stan O'Neal's last CC as head of MER in which he said they took 30%+ writedowns on AAA rated secs. ABK and MBIA insure far more such paper than MER ever owned. It's just a matter of time. Rage, rage against the dying of the light if you wish, but these companies are going out and they are going out hard.
    Feb 26 14:52 pm |Rating: 0 0 |Link to Comment |View article

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