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I think you are uninformed as to how the TARP funds work. In order to get funds the banks have to give the Treasury preferred shares. This is a loan with security. The expectation is the money will be repaid. Contrast that with the lets give the lying and irresponsible homeowners and the...

I dunno. Maybe its just me, but reading this definition literally, makes no sense to me. Now, if it were below 50% of the Difference between its lowest point and highest point, that I could understand.

Whoa! Not so fast. The Bush administration was sounding the warning bell about Fannie and Freddie and the need for strong regulation as far back as 2001. Barney Frank, Chuck Schumer and that completely clueless Maxine Waters, among other democrats opposed it, and went so far as to say...

Hmmm, by chance did you have a balance on any of these cards before you cashed out? If so, you may find that any payments you make will go against the cash first, which means your prior balances are incurring huge interest costs.

Well, how about posting some recent examples of your trades, and the thoughts behind them?

Outright. NCC didn't fail, so this was not a situation where the FDIC assumed the debt and sold the assets. Actually, NCC got totally screwed by the Fed. gov't. They were told not to expect any TARP money, for whatever reason, and thus was left with no alternative but to be acquired for...

Because buying gold or mines is not going to put the Chinese people to work. Selling shit to us keeps them employed. Your argument makes sense from an investment standpoint, but there is obviously much more to it from a governmental perspective.

I don't follow the banking sector that close, but PNC bought National City, one of the top sub-prime lenders. So, I'm not so sure that it doesn't have considerable exposure to toxic assets.

Fine. You were buying not only the hard asset, but also the intangibles like good schools, parks, mall, short commute, whatever. All those things still exist. You and whoever else bought for those reasons got the benefit of the bargain. No right for any of those people to bitch that the...

http://online.wsj.com/article/SB123491737158404543.html "It's no surprise that most CEOs we talk to, many of whom live in California, say they'd be foolish to build another plant in the state."

I don't. You wouldn't buy a home if you expected the value to decrease any more than you would buy a financial instrument.

And BAM! The next day Obama names the economic panel. http://news.yahoo.com/s/nm/20090206/pl_nm/us_obama_economy_5

And obviously you weren't smart enough to see it. Apparently you subscribed to the theory that there would be a greater fool to come along and buy your home for more than you paid. Ya know, in the financial markets the idea is to buy low and sell high. Buying high and hoping to sell higher...

I agree. Its time to man up. All those homeowners who lied on their loan apps.; were too stupid to read what they were signing, and bought way more house than they could afford, or refinanced multiple times and used their house like an ATM should "man up" and get the fuck out of those houses...

Geez, speaking of ignorant. Your post makes about as much sense as a banker saying depositors are "living" off of banks because the banks have to pay interest for using the depositors money. And, following your logic, should the banks make bad loans with the depositors' money, the depositors...

Not a chance. Swiss government will never let it happen.

So, you and your partner are the Duke Brothers, and you are looking for some Billy Ray Valentines. Is the bet still a dollar?

Encore presentation on now.

http://seekingalpha.com/article/117602-peter-schiff-answers-his-critics

You are not us. We are not you. How long it took others to become profitable has no relevance to how long it will take you.