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  • Where's the Bottom? Still Anybody's Guess
    Once again, I will state this without all the hype. We are not going to collapse; we are going into a long phase of reduced expectations, because we don't have the money we thought we had. A lot of people thought they had it made, which is always a mistake. The times ahead of us will simply prove once again that there are ups and downs in any economy; this one is simply deeper, wider, and will be longer than any we have seen in a long time. Welcome to the real world, folks.
    Sep 24 13:55 pm |Rating: 0 0 |Link to Comment |View article
  • BofA, Lehman, AIG: The New Financial Realities
    AIG will fall. The average investor has NO CONCEPT of how deeply this continuing criminal enterprise has affected American foreign policy, and, for that matter, American domestic policy. Ask Henry The K, Hank Greenberg's a - - - - - e buddy. When AIG, this Hydra-headed monster comes crashing down, it is going to create dust-and-debris-clouds that will invade many previously secure crevices.
    Sep 15 13:32 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    If so many people are so sure that unions are committing suicide, by striking, why don't these pundits just wait for the strikes to kill the unions? What are the pundits so afraid of, if the unions are "committing suicide?" Won't that get rid of the pesky unions that the pundits so obviously hate? Could it be that the pundits are afraid the strike(s) will (GASP ! GASP! GASP!) succeed?
    Sep 05 14:16 pm |Rating: 0 0 |Link to Comment |View article
  • Year to Date Performance of Dow 30 Members
    AIG employees used to claim that the letters, "AIG" stood for "Ain't It Great?" Looks like the Awful Insurance Giant is headed for the Already Interred Graveyard.
    Sep 03 17:51 pm |Rating: 0 0 |Link to Comment |View article
  • New Lender Guidelines To Help Struggling Homeowners
    A classic example of a drowning person, grasping at straws.
    Jun 17 13:20 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    So, Yahoo (YHOO) shareholders are suing, whining that someone else did not hand them a free cash bundle, all nicely wrapped in red ribbon. What a bunch of crybabies. Why don't they just get jobs, and contribute something of tangible value, THEMSELVES, for once in their miserable lives?
    Jun 03 14:29 pm |Rating: 0 0 |Link to Comment |View article
  • BofA May Renegotiate CFC Purchase
    Even BofA's pockets are not deep enough to fix Countrywide. We're back to Square One, with this monstrous situation. There was always going to be an almost unbelievable loss coming, due to Countrywide's foolishly greedy business practices. That loss is still coming. Everybody involved in this charade is simply trying to delay the consequences until after the election.
    May 06 13:44 pm |Rating: 0 0 |Link to Comment |View article
  • Much Ado about Yahoo, Fast Money Recap, (4/21/08)
    "Najarian holds both companies and says the purchase of Yahoo by MSFT is a done deal." SO WHAT, if "Najarian says it"? Najarian puts his pants on... Well, you know the rest.
    Apr 23 13:47 pm |Rating: 0 0 |Link to Comment |View article
  • May Take Several Years for the Financials to Work Out Their Kinks
    Five years, minimum. Ten years, not out of the question. Never, again, the same, and probably just as well.
    Apr 09 14:29 pm |Rating: 0 0 |Link to Comment |View article
  • Proposals for a Depreciating Housing Environment
    Oh, please, spare me this rubbish, about what to do, now. It's now obvious that a lot of people are going to lose their asses, on these houses. It's all talk, about DOING anything. If you paid too much for that house, you are screwed.
    Feb 25 14:11 pm |Rating: 0 0 |Link to Comment |View article
  • The Chicken's Guide to Picking Stocks in 2008
    I like this article. I see the actual point (am I the only one, besides Richard Shinnick?). There IS real danger in this market. The market, this time around, has shown, and continues to show its true colors. The stock market is a rich man's game, and is 100% designed to be manipulated to assure that the rich boys win, in the long run. The bizarre happenings of late only serve to illustrate how malleable the workings of the stock market are, and how easily some computer-savvy desk jockey like Jerome Kerviel, of France's Societe Generale can rip the system's guts out, at will. I do think that the rich boys will tighten up the gears, now that others outside the Olde Boy Network have seen through the gauzy fabric of the machinations. But as far as ever being able to outflank Big Money, there will never be a time when your money is not in serious danger, in any stock market. You're better off, any day, in a poker game. At least there, you have some chance to catch the cheaters, since they're sitting at the table with you, instead of hiding in some bank's back rooms, plotting when to fold YOUR hand.
    Jan 27 21:22 pm |Rating: 0 0 |Link to Comment |View article
  • BoA Buys Countrywide - Implications for Main Street
    Stop hiding from the OBVIOUS TRUTH. It's a taxpayer-funded bailout, sellout, parachute, no-punishment-for-the-... Ask yourself this question: What is there to stop the federal government and BofA from doing this? That's right: Nothing. And we will never see the back-room machinations that go into the details; we'll be buried under endless press conferences, planted news "stories" and all the other usual sugar pills. We, the taxpayers, lost, again. Chalk up another touchdown for the speculators and their puppet politicians.
    Jan 14 12:21 pm |Rating: 0 0 |Link to Comment |View article
  • BofA's Countrywide Acquisition Maximizes Long Term Potential
    "But when the cycle does turn, losses have largely been absorbed, and we (hopefully) get back to a time when you put money down and get a fixed rate mortgage to buy a home..." To this, an appropriate quote, from the Lovin' Spoonful: "And you can be sure that if you're feeling right
    A daydream will last long into the night
    Tomorrow at breakfast you may prick up your ears
    Or you may be daydreaming for a thousand years."


    Jan 13 13:08 pm |Rating: 0 0 |Link to Comment |View article
  • BofA May Acquire Legal Headaches Together With Countrywide
    Oh, for God's sake, stop the B.S. about how there may be some way BofA can lose, on this deal. It's ridiculously easy for the federal government to manuscript any kind of deal it wants, to get this political and financial Hot Potato off the front burner, and you know that. There will be NO LOSS POSSIBLE for Bank of America, on this back-room deal. If it looks like a duck, etc., it's a damned duck.
    Jan 12 12:44 pm |Rating: 0 0 |Link to Comment |View article
  • The Real Story on Countrywide: Fed Behind the Deal?
    It's a whitewashed bailout. We taxpayers will have to pay for it. Again. Look, just ahead, a signpost, that reads, "Handbasket."... And just beyond that sign, another, that reads, "Hell"
    Jan 11 11:59 am |Rating: 0 0 |Link to Comment |View article

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