Recent content by Covert

My goodness- I guess I don't blame you specifically, but this is a completely ignorant post. AIG was NOT allowed to go bankrupt...THAT'S why the counterparties were paid 100c on the dollar. I can't even read what comes after this. Please, read something besides Huffpo. Educate yourself

Keep in mind that Ratigan is now working for MSNBC and writing for Huffington Post. This kind of incomplete analysis is right in the wheelhouse of those two outlets. Don't fool yourself into thinking that he did any more work on this piece of garbage than he did fixing his hair. It's simply...

Normally, you're right, but not in this case. Greed took over for this guy and he took almost all of these loans by himself. He is in major trouble here. Most of the units he pre-sold are on the market now, at lower prices than his lender will allow him to offer his remaining inventory. He...

Hello- any plans for Ninja to beef up the functionality of the charting package? My understanding is that you do not offer Daily or Weekly charts currently. Thanks

You're right- I did rant originally- not what I intended to do- Surely you can see that there's a certain asymmetry to this dispute- the federal govt. vs. private investors. I place NO credence in the argument that we're seeing the end of capitalism- that's not the reality. But my meter goes...

There's PLENTY that we don't agree on, so I'll just comment on somewhere where we MIGHT agree. Where you're missing out is thinking that all bondholders who "settled" did so because it was in their best interest. As was rightly pointed out, the TARP recipients really had no leg to stand on...

I'll be more specific- the Govt. has NO BUSINESS subjugating contract law in this case. It wouldn't matter who was president. If we cannot agree on that, then we cannot go further discussing this.

I picked this quote, but there were many to chose from- you need to educate yourself. This isn't a political issue, it's a LEGAL one. The fact that bondholders keep their place in line is related to the LAW not to who occupies the White House. Bondholders in the Chrysler case got ass-raped...

You either don't understand or are ignoring the rule of law- This debt had rules attached to it by the courts of the United States. The debt holders..voluntarily... offered a deal and was turned down. The Obama administration was simply trying to skirt the law. SOMEONE in that administration...

Clearly, here's something ELSE you don't know. Lobbying is the ONLY profession protected under the constitution. I'd tell you to look it up, but facts are not something you're terribly interested in anyhow. It's not going anywhere, but feel free to piss and moan about it. Take a Report

Interesting- I'm assuming that the etf's that hold futures contracts qualify- any other resources for fleshing this out?

not sure that's completely true anymore- with triple levered ETF's and max margin allowed by many brokers, you're pretty much right there in terms of leverage with the futures.... One point I'd like to explore is the tax treatment on ETF's vs. futures. There is a very favorable tax treatment...

Imagine a world where we have to choose between the blowhard Cramer and the smug douchbaggery of Stewart...next thing you'll tell me is that we have a socialist President...what?....oh....

Hey, Dumbass- while you were cutting and pasting that link, did you bother to read it? Didn't think so. Answer me this: Who signed the bill? Go on, give it some thought- I'm guessing that you know that after congress passes a bill, it doesn't become the law of the land until the President...

I wouldn't worry too much about this- I'd imaging the average bank balance of this group is probably about $125- a bunch of $107 withdrawls probably won't cripple the Fed. Should be good people watching, though- I'm planning on taking a case of beer and meeting a few college buddies in the...