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Poor Berny, he must be thinking "if only I had started a bank. Instead of in jail I'd be rich in government bail out $".

I've been watching ETFC lately & its price action at the end of the day is suspect to say the least. Today for instance on levelII at least 500k shares traded between 1.17 & 1.18 in the last 10 minutes of the day. Right at the close there were several 30k blocks on the bid & 1.17 & at...

dunno about the stock but my friend told me their phone service was horrible. 99% of my friends no longer have a landline, non-cell phone service is a dying business. Long term this company is doomed. They do have funny commercials though.

well you would have to pay dividends on all the stocks you are short while not getting any dividends in your long index fund, for this reason alone this strat would be a huge loser over time.

Funny I think the odds of us falling into a great depression are greater BECAUSE of the government's fiscal policy.

I don't understand all the backlash against Wal-Mart ( for this incident ). It boggles my mind that people would camp outside a wal-mart in the 1st place & then stampede to get in?? :confused: I was watching the late news Thanksgiving night & in my area a local mall opens at midnight...

Well the former CEO was the one who derailed the company with horrible business decisions. New CEO has been doing a good job ( imo ) getting the company turned around. They were the 1st financial firm to admit the problem ( sub-prime meltdown ) & have been aggressively raising cash before the...

Anyone else think Etrade is a good risk/reward play? They got crushed when they decided to get into the banking business & their banking division is a huge drag on their very profitable brokerage. Etrade has currently written off 75% off their projected loan losses & are fairly well...

Isnt that because LEH was forced into BK causing all these CDS to become worthless? Seems the government thinks this was a mistake & wants to backstop the rest of these losing lottery tickets with a 100% payout. The point of the article is that this is what needs to be done with AIG, Citi...

Along those lines I read an interesting article in the New Yorker ( sorry no link ) about hedge funds taking huge naked short positions then buying CDS's in the companies they were shorting. It only takes a relatively small purchase in CDS's to drive up the premium on these CDS's. The market...

some of the more interesting excerpts... "As part of the presentation (Page 17-21), IRA co-founder Chris Whalen argued the case made by a reader of The IRA a week before (see "New Hope for Financial Economics: Interview with Bill Janeway,") that until we rid the markets of CDS, there will be...

must read article.. http://www.rgemonitor.com/financemarkets-monitor/254546/what... The government needs to step in & declare all these CDS contracts that were sold as pure speculation with no underlying asset backing invalid. The 300 billion backstop on losses the govt gave to Citi is in...

I'm waiting on the retail report to jump back in, I dont want to be short if by some miracle its better than expected. This rally was fueled by bailout news, not exactly the stuff sustained rallies are built on. While markets usually recover 6 months before the economy turns around I...