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Maddoff and now Stanford. It seems that Wall Street is nothing but smoke and mirrors and the smoke is now clearing to expose the dirty carcasses. :eek:

Getting worse. Nikkei diving again tonight.

Cox Quits at SEC, Leaving Schapiro to Restore Clout (Update1) http://www.bloomberg.com/apps/news?pid=20601087&sid=aunWzwJ5ahO8&refer=home

Local malls here very quite. The other telling factor is how many bags people are carrying. Lucky if they have one rather than the half dozen in previous years. I notice the old traditional clothing gift seems to be popular. Sorry guys expect another business shirt and tie for Xmas :)

It's time to make an example of these Wall Street criminals! Enough is enough. Financial fraud should be treated no differently to robbery and theft. I want to see some hangings god dammit! Time to round them up including that useless SOB Cox at the SEC. The mafia run a better...

That is a the 30's measure. In today's world when 50% of the US population are employed in jobs funded by FED and Treasury loans that is a depression. All investment banks, US auto manufactures and soon to be aircraft manufacturers, home builders and states are heading in that direction. USSA...

I heard today about a lot of previously employed HF and Ibanks staff etc walking away from their condo' leases in Stamford CT. With UBS, GE also downsizing in Fairfield CT more pain to come.

I was in Walmart today picking up some washer fluid due to the orrible weather in the Northeast today. Anyway there were no crowds. People had just a few food items and winter clothing in there trolleys. I was amazed to see stacks of LCD TV's and electronics at bargain prices. No one was...

Yeah so what happened to the Icelandic Central Bank then? My view is that any bank can go under.

is TARP empty? I thought there was only $50B left in the TARP from the first $350 they sourced. Anyone have the latest numbers.

Geez. I've heard the term "bllod in the streets" to refer to major market downward moves....but his takes it to a new meaning. Well if the Government won't make those responsible pay with blood for the financial disaster then the Government will pay with blood! Don't be surprised if the...

Too true.

Look forget about the highest dividend yields and focus on the companies that can continue to support and GROW their dividends. If I was looking for div paying stock then look at the likes of J&J, KO, PG etc. They are rock solid div payers in this type of environment.

The div yields look unbelievably good, however they are based on past payouts. Most financial, REITS, and energy related stocks will end up lowering or even cancelling div payouts because of either 1) the need to conserve cash due to the credit crisis or 2) reduced revenue.

I've been to CostCo a few times over the last few months as well as today. I have never seen it as quite in this period in all my time shopping there over the last 5 years. Today everyone was buying for Thanksgiving and it looked even quieter than a normal Saturday before this great Depression II.

As the recession gets worse it will become a beggar thy neighbor. Tariffs are coming one way or the other. A bailout to Detroit is bailout in any terms.

Another week another bank gone. This one just cost $200M. Funny though I was expecting to see Citigroup on the list. I wonder if all the new "banks" that converted from insurance companies and investment banks are covered under the FDIC umbrella...

That will be 13.92% by 2010

Until the so called low rates flow through to relail rates e.g. Mortgages then nothing will change. I am ready to refinance to a 3% mortgage and to start spending the savings :)

They realized that they also need a bailout.