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Most self congratulatory peices of asswipeary I have seen in a while. Investors wanted the higher returns associated with sub-prime loans. Barny Frank had nothing to do with it. The loans made under credit assessability acts to actual poor people have a low default rate. Fanni and...

P$ You may be a market wizz, but why would you publish a simi-log chart that flattens out the gains as one of the powers of 10 is approached. ? Could you please publish your monotonic equity curve ? Thanks

Funny that America was strongest and after tax real inflation adjusted, household income was highest when the top marginal tax rate was above 60%. Ike and Elvis never saw anything less. That said, a progressive tax code is okay but it needs some SERIOUS, Serious, serious simplification.

The innocent victim act of Santelli and like ilk, if that is truly what he is truly saying, is predictable, not pretty, useless, infantile, craven and disgusting, but unfortunately entirely predictable from a certain number who feel endlessly entitled to socialize risk of the elite and privatize...

Wall Street Loaned MAIN STREET MONEY??? Hardly Most of the money that Wall Street has to manipulate is from Main Street Pension funds. They were fabulously paid to manage these funds for the benefit of their investors. They need to have the meaning of the word fiduciary tattooed on...

Estimated by whom? Nitwit Gingrich? It depends a lot on weather you think that government for and by the people has a future, because government for the people should be able to find a way to do things efficiently. That is not to be confused with government by a class of cleptocrats who...

Agree, they have NOT read the bill. This bill is aimed at ICE and the possible ping-pong trading between MS and GS that "may have" driven up the price of oil. It is NOT aimed at the small trader. It is to rein in the Market Makers. The Madoff exemption will which allowed MM to roll over...

The Kochs,own the nation's largest privately held company. David Koch's foundation is a supporter of PBS's NOVA which regularly has episodes on Global Warming. George's Foundation is funding the ads against the Stimulus under a front group called the "Americans For Prosperity". And if...

If Ross Perot had become President we would not be in this mess. Ross WAS RIGHT!!!

Not exactly: that is not how fractional reserve lending works. http://en.wikipedia.org/wiki/Fractional_reserve_banking_system The bank does not usually pay interest on demand deposits such as checking accounts, but those deposits count as reserves. What happens is that the money...

Do you get the idea that too many people are making money prolonging the crisis to just solve it? What would happen if all CDSs were declared null and void by international agreement, and all loans, property, credit cards and student loans were reset to a 4, 6 and 6 % interest rate...

Exxon, Sunoco, Shell, Tesoro, Valero All have refineries that are down undergoing maintenance or are just being brought back on line. Expect real volatility to increase as these issues are worked out later this month and the first half of the next. For now, we are up to the...

That would be the diagnostic program written at the University of Washington. Overtreated, which is based on the Dartmoth Health Study is also a recommended read. Only the number of Family Practice Drs correlates with positive outcomes. Specialists correlate with more procedures but...

I did not read the artical, but people have spent generations trying to prove Say's law, which states that supply creates it's own demand. And it does in a very low supply universe, but in societies that are productive enough supply saturates demand and the economy becomes demand controled...

yeah. Google fractional reserve lending. This is actually how most money enters. Banks lend out 10Xs the money deposited into them. They are required to keep reserves of about 2% or so around to meet withdrawal demands. The Fed and the FDIC set reserve requirements, capitalization...

Living in the US is not for wimps that have to go to the doctor frequently. Lots of people just do not go because they do not have insurance. Lots of people just do not go because their deductibles are so high. The people who do go to the doctors are subject to unnecessary procedures...

This kind of analysis made the economic collapse inevitable. F&F had nothing to do with CDSs and F&F never got a whiff of the liar loans because 1, they would not take them and 2. Wall Street was too busy buying them to cut into tryches. If Wall Street had followed the underwriting...

The Republican Thugs who are less than 40% of the country, are having their talk show hosts incite a strident and vocal minority to work the phones to protest that the stimulus plan does too much for laid off workers and too little to make the rich richer.

Something to consider. The big trading houses MS and GS do NOT want to bring attention to oil before the stimulus bill is passed. The higher the price of oil the larger the appropriation for alternative energy. The cost of Nuclear power is about .02 per kilowatt. That is like gas at $.60...