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    Cramer for SEC Chairman

    Were you the caller that offered to come to the studio and provide some fallatio?
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    D Bank decides not to repay €1bn bond

    http://www.bloomberg.com/apps/news?pid=20601085&sid=a69ID2.NUYxc&refer=europe Looks like it is most likely other banks holding them. Anyone know of a closed end fund holding callable bonds?
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    The End Michael Lewis

    I do not think the article shows how bad capitalism is instead it shows how a large group of people went about creating a massive problem while showing no reguard for the borrower or the end user of the product. It highlights the problem of wallstreet in general not capitalism, and that is the...
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    The End Michael Lewis

    "Eisman started out running a $60 million equity fund but was now short around $600 million of various _subprime-related securities. In the spring of 2007, the market strengthened. But, says Eisman, “credit quality always gets better in March and April. And the reason it always gets better in...
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    AIG caught having a SECRET luxury resort meeting

    Yeah you are a racist. "Kashkari, an Indian-American,[4] was born on July 30, 1973, in Akron, Ohio, and grew up in the Akron suburb of Stow, Ohio. "
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    AIG caught having a SECRET luxury resort meeting

    I am not sure about the US but in Canada the advisor or their firm needs to pay the travel and accomodation expenses for themself as per regulations. So the cost for AIG would be for the seminars and entertainment. I also have to agree with the other poster that this is how the industry...
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    Deutsche Bank downgrades GM to ZERO

    GM itself is not to big to fail but GMAC and GM debt and the derivatives on them could be the real problem if they do fail. Who ever sold protection on GM debt probably deserves what they get. The funny thing is today GM products are not that bad, they were in though the mid 80s and 90's and...
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    WHOA!!! China... With $586B to spend?

    Much better approach then sending everyone a check. The number is hugh no mater if it is enough to bring China's infrastructure up to developed world standards.
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    Now, the victims speak out.............

    Naked shorting did not have anything to do with Wamu's failure.
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    Buyers Cabal?

    Dow 4000 Gold 40 Not a call just where Gold will be if the dow goes to 4000.
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    SPR

    Thank you.
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    SPR

    I have been trying to find information on this but have not seen anything. Now that Oil is below $75 a barrel has the SPR begun to purchase oil again? and can it? And does anyone know where I could find this information? Thanks
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    What's with ET'ers and all these dumb ass predictions?

    The need to be right is great, hence the stupid prediction threads. The want of advice is great, hence the reading of stupid prediction threads. I predict McCain will win the election. McDonalds will have a hit with the McSpam and Cheese. It will rain on Tuesday and be overcast on...
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    Worse than the Great Depression

    Very good post.
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    Did You Catch It

    Have you experienced the Ross Foot yet? :D
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    question about EPV and Market Cap/Adjusted book ratio.

    For Kraft take a look at their bonds http://reports.finance.yahoo.com/z1?is=Kraft so cost of debt is about 6-7% at the market. Cost of equity; Yahoo says a beta of .6 use the ten year for risk free 3.7% market premium of 7% and you get 3.7%+.6*(7%-3.7)=5.68% Mcap= 41.16B Debt=20B tax rate...
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    question about EPV and Market Cap/Adjusted book ratio.

    That is the accounting calculation and is not to be used for valuation.
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    question about EPV and Market Cap/Adjusted book ratio.

    Don't add current debt unless it is large or is rolled over fequently so just worry about LT debt . If the current debt is large or is kept large normally add it into the formula I gave you and times it by its weight in the total capitalization.(Updated formula is below) Dc/(Dc + DL + E) ×...
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    question about EPV and Market Cap/Adjusted book ratio.

    The weighted average cost of capital is calculated by D/(D + E) × 1/(1 - t) ×Rd + E/(D + E) × Re = WACC D= dollar value of debt E= market cap(Market equity value not Shareholders equity) t= tax rate Rd= cost of debt Re= cost of equity Re is calculated using CAPM
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    If Obama wins Florida, the race is over!

    They are giving McCain a 3% chance on intrade 33 to 1 if he wins.
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