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  1. R

    MBIA, Ambac Fall as Buffett Starts Up Bond Insurer

    Fact: ABK and MBI must come up with more cash, or they will be downgraded by the rating agencies. In this market, ABK and MBI have as much credibility as Countrywide Financial since the disclosure of additional CDO exposure. Go back and read my 2nd post of the tread. Silk's...
  2. R

    MBIA, Ambac Fall as Buffett Starts Up Bond Insurer

    Anyone who says Berkshire Hathaway is a small operation has no idea of what he is up against. http://www.bloomberg.com/apps/news?pid=20601087&sid=abvy_cUjUwmI&refer=home ``I don't think anybody's ever made much money betting against Warren Buffett and Berkshire Hathaway,'' said Frank Betz...
  3. R

    MBIA, Ambac Fall as Buffett Starts Up Bond Insurer

    I think MBI and ABK are doomed for the following reasons: 1. MBI and ABK generate most of the revenue off muni's. 2. Munis are worried over MBI and ABK recent bouts with the ratings agencies but there is nowhere else to go for insurance. 3. Munis will turn to Buffet. 4. No one will inject...
  4. R

    MBIA, Ambac Fall as Buffett Starts Up Bond Insurer

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aDdMwdVFSiok&refer=home Dec. 28 (Bloomberg) -- MBIA Inc. and Ambac Financial Group Inc., the two largest bond insurers, fell in New York Stock Exchange trading after billionaire investor Warren Buffett said he plans to start a rival company...
  5. R

    China don't believe in patents?

    Here is an extensive discussion on the origin of chess -- http://www.ishipress.com/origin.htm
  6. R

    China don't believe in patents?

    He forgot to add kite, chess, ravioli, wok, and soy milk.
  7. R

    IB is down - glad I don't use IB to trade

    People have legitimate complaints about the long downtime this morning. You don't need to be so rude to them.
  8. R

    Problems with IB TWS

    Has anyone found out from IB what happened?
  9. R

    IB Down

    This reminds me of Scottrade.
  10. R

    Problems with IB TWS

    To those who said they never had any problem with TWS. You don't know what you were talking about
  11. R

    Problems with IB TWS

    POS
  12. R

    China Reality Check

    Don't forget kite, chess, and soy sauce!
  13. R

    Any online brokers that don't have fees for low balance/activity?

    Scottrade has no low balanace or activity fee. No free paper statements/confirmation either. But why do you want that in the mail anyway? Just print it out. FYI, I am not plugging for Scottrade. I lost a lot of money due to their screwy system.
  14. R

    China don't believe in patents?

    That's a very interesting point. The more I think about it, the more I think it's true. What do you think about copyright?
  15. R

    $LIBOR and sub prime connected , how ?

    Who would manipulate it? Someone who is shorting the US housing market or wants to cause a recession in the US. In fact, that's the position of Goldman Sachs, Jim Rogers, and a number other players.
  16. R

    $LIBOR and sub prime connected , how ?

    So the LIBOR can't be manipulated? Give me a break. If for whatever reason one of the LIBOR banks goes under, all hell will break loose.
  17. R

    $LIBOR and sub prime connected , how ?

    Actually, I have been pondering about this question for many days now. It's not just the sub-prime mortgages. Many prime mortgages are linked to LIBOR also. It just boggles my mind that the financial security of this country would be in the hands of a few British banks. As a result, the...
  18. R

    Hottest IPO in 2008?

    Dude, $85k is cool, but I had pretty sizeable losses in the past few months also. Who are you, the SEC or IRS?
  19. R

    Hottest IPO in 2008?

    I trade hot IPOs. I know this one will be hot because of Larry.
  20. R

    Hottest IPO in 2008?

    I bought them aftermarket. No connection required. In fact, it was trading below IPO price for much of the first day.
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