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Why not just declare BK? I know the laws have changed to make it more difficult to wipe away unsecured credit, but I'm sure it can still be done.

Japan has had a couple of failed auctions of JGBs over the years. The bond bears always got excited that these marked the end of the JGB bull market ... still hasn't happened.

Is that really a rug???

don't you live in gladwyne? There's quite a few vacant mansions dotting the Main Line landscape right now.

This is the definition of chutzpah. Greenspan's hands are all over this mess, and he would like to distract folks by getting into this crap about conundrums and overseas savings. Ok. Gman. Let's forget holding the FF at 1% while the economy was growing and then raising it too slowly after...

BAC will be a $15 stock this by fall. As much as I hate to admit it, Buffet's CNBC interview blew my mind. If Washington suspends mark-to-market FOR REGULATORY PURPOSES, the bear market in financials is over. I have to assume somebody in the Carter, I mean Obama administration was listening...

Boob job?

I wonder if Vic is still holding onto the GOOG he bought at 700?

What # bottom call is this of surf's? I've lost track. Perhaps surf could provide us w/the date and DJIA level of his other "bottom is in" calls.

This is getting silly. The bigger the unenjoyment number, the bigger the rally. Countdown until Maria says (for the 1000th time in this bear market): "you gotta like this market rallying on bad news. at some point you've got to say its priced in" Pathetic. Fade the hell out of today's...

We're all screwed. The US is one big GM. Tied down like Gulliver by making promises to its workforce which it now cannot afford to keep, without extracting every last nickel from those of us who were never on a union payroll. Want to know why stocks continue to head towards zero? Its stuff...

Fuck Dougie "calling a bottom for the last 3 months" Kass. There, I said it.

^^^ There's a pretty major difference from an investment point of view ... Walmarts are packed and Sears are like ghost towns (at least in my neck of the woods, suburban Phila.).

“In the late ‘80s, we lost Drexel Burnham Lambert and we lost Salomon Brothers, and we lost Thomson McKinnon,” Alexander said. “New York City survived.” LOL. I think this guy is leaving out the part about how we were still in the early stages of a massive, super credit bubble...

How does Sears even remain in business? I've had occasion to be in Sears a few times over the past weeks and the place in a ghost town. Every time I've been in there, there have been more employees than customers. A couple of more things. The whole place gives a vibe of being a government...

Jeff Macke is about the only reason left to watch CNBC. The guy seems like a brilliant trader who has been on point during this bear market. Najarian seems like a total ass who rarely adds anything of value beyond talking his book. All the guys are loud, but Najarian is a decibel louder...

No chance that POS, purchased for $800K is still worth $675K ... $400K MAX. If that whole family isn't living on the street by the end of this year, I'm leaving the country.

China = fucked ... http://www.latimes.com/news/nationworld/world/la-fg-beijing-bust22-2009feb22,0,5564951.story Beijing's Olympic building boom becomes a bust Many buildings in the city's impressive skyline are empty. By Barbara Demick February 22, 2009 Reporting from Beijing —...

Pretty interesting that Stanford hasn't been criminally charged yet. Is he even still in the country? At a minimum, Stanford can bring down Charlie Rangel. My guess (and this story begins to confirm) is that he has the goods to reach to the highest levels of the BO administration.