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    Are the Big Banks Gaming the Taxpayer?

    that link is for 2nd video...watch part 1 first
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    Are the Big Banks Gaming the Taxpayer?

    Its very interesting that Pandit and Lewis both said a few weeks ago that they were profitable for Jan and Feb. Today, they're singing a different tune. March has been a tough month for the "trading desk". They are trying hard to show a profit, but maybe this new treasury plan is a deal too...
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    Cramer says buy homebuilders???

    It's another example of a ridiculous call by Cramer, in my opinion. There's always the possibilty that he finally get's one right. Keep throwing darts, somethings gotta stick. But with unemployment headed to +10%, more bank trouble, a glut of unsold homes, many more foreclosures ahead, and...
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    Cramer says buy homebuilders???

    Since you responded, I obviously didn't make it to your "new alias" ignore list. You can look back thru every message I ever posted, in my short ET life. At no point have I gone after the OP in a personal way. If I can't contribute something constructive or humorous, I keep quiet. There's enough...
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    Cramer says buy homebuilders???

    The point was to make a note of another ridiculous call by Cramer, saying buy the homebuilders after they've run 25-30%. As for aliases, I wouldnt know anything about that. And since you probably got your ass handed to you today, and got a shitty attitude, you get the distinction of being the...
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    Cramer says buy homebuilders???

    Says KBH quarter was " thing of beauty", so buy the homebuilders. Uhhh, no thx.
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    How far this rally can go ?

    XLF major fakeout here, popped above intraday diagonal, then reversed HARD. That was a violent move. Ouch
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    GREAT indicator

    Yeah, the 3-27 chart shows 3 entries, 2 of which are losses on the long side. Maybe he mislabeled the trades ???? My guess is 3 min would have too much noise, looks like his indicator needs more data for smoothing, maybe he can elaborate.
  9. S

    Abby Joseph Cohen

    You hit the bottle a bit early today, eh mate ??? j/k...I recognize the sarcasm
  10. S

    'Tent Cities': Nashville. Olympia, St. Petersburg, Fresno, Seattle, Sacramento & More

    At this point sir, homeless shares are very hard to borrow, since big money has the market cornered. I would recommend that you go long tent manufacturers instead, but hedge yourself with some lumber contracts just in case there is a shortage of canvas !
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    'Tent Cities': Nashville. Olympia, St. Petersburg, Fresno, Seattle, Sacramento & More

    I'm not sure about the "average", but I can say this for a fact: I have 25+ rental units. Once in awhile, the gov't checks get crossed in the mail and come in late in the day, or a day late. You talk about scrambling, the phone is ringing " can't pay my rent, check not here". They act like its...
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    If 1 trillion of bad bank debt is 'cleared,' another trillion waits 'off books'

    When you have a loan, somebody has to service it, either by phone or on foot. BAC is paying the company that he works for outrageous fees to go out and physically confirm what they already know. The note payments are not being paid, and a 125% loan is underwater if the home only maintains 100%...
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    What risks are ahead of Citi and the financials?

    this may have something to do with it: http://www.elitetrader.com/vb/showthread.php?threadid=158702
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    If 1 trillion of bad bank debt is 'cleared,' another trillion waits 'off books'

    I had an interesting conversation with a field rep for ________ yesterday who has been doing inspections for BAC. His company is servicing the loans for BAC, and making a shitload of $$$ for very little work. He said he spent last couple weeks working Baltimore, mostly just doing driveby's...
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    Exxon & Chevron watching there 40B in cash

    XOM has its cash in govt securities??? You know they gotta be squirming with all this money-printing, dollar-devaluing, foreign countries raising concerns, going on. If, (and its a big IF), the US actually defaulted as a country, would the cash reserves be wiped out ? That is a very scary thought.
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    Reducing Eyestrain

    Not sure about sampling, maybe you could order a pair, use it for a week, and then decide??....no idea I bought a pair, cuz my eyes were killing me. I had already turned the brightness down, had grayish colored charts, and still looked like I was high as kite. I wasn't happy with the first...
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    OUCH! As a neighborhood postman, I am hurt...

    Yeah, a drastic drop in mail hurts. But for those who don't know, the unions got a big hold on the USPS too. As the saying goes, " I sure wish I could get me a gummint job". Ever wonder why the mail carriers never seem to change. Damn good pay, excellent benefits, and the option to dump the...
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    Housing market is recovering - not!

    This is the shit that's still on the bank's balance sheets that are being marked at 90 to 95%. They are desparately trying to hang on until the gov't can buy these toxic assets and get them off the bank's balance sheets, but at a minimal loss. WHO is going to take the loss ???? WE are, the...
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    Geithner to hold briefing 8:45 a.m. EDT on Monday on toxic assets plan

    BLSH, I share your frustration dude. It is blantantly obvious that this whole bailout shit was simply a means to make whole the asses at GS. When Paulson took the job, his pals knew they had an ace in the hole, and executed that trump card quite well. There is a ton of blame to go around. But...
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