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Rogers is right. Geithner is an asshole. His plan is to force taxpayers to pony up for houses people couldn't afford. Brilliant. No skin off his nose, of course. He doesn't pay taxes.

You're kidding, right? This mess has been brewing for DECADES thanks to both the Democrats' and Republicans' "watch". There's really precious little difference between the clowns on either side of the isle. But, people tend to blame the politician in charge at the moment. Bush didn't...

I know. It's so sad. Have you noticed how many of these douchebags start sentences with "I'm the biggest free market guy you can find, BUT...."? So, in other words, they aren't free market at all.

I love the ultrashorts. If you don't like them, don't trade them. What the SEC should really be protecting is my eyes and ears from Cramer. Banning Cramer would be the single most useful thing the SEC could do in its history. I make damn sure he's never on any of my screens but I've...

Great. As long as we're killing people for following government mandates, can we also please kill anyone who took out a loan they couldn't afford to pay back? See, if those bitches paid their debts like the promised, the house of cards wouldn't have come down. Y'all do realize that if...

CDS had nothing to do with extending mortgages to uncreditworthy individuals. Fan & Fred's whole purpose was to artificially lower credit spreads in the mortgage market. Fan & Fred couldn't buy non-conforming loans in the past. I the last few years, the became the largest buyers of Alt-A...

I lived in NYC and I've never ever heard of any doctor charging that much. I think you're confused. Take it up with insurance regulators. Here's how it works: A doctor performs a procedure for which he bills the insurance company $200. The insurance company pays him $111. To receive...

I realized this post was from many pages ago, but it's an important issue. The pre-existing condition issue is a fake one, created by government regulation. As with all regulated industries, the insurance industry captured its regulator and the regulator allows almost anything to constitute...

Holy crap! Gee....of course marking to reality is bad. Sometimes reality is not so pretty. Marking to make believe is SO much better because fantasy can be anything you want it to be. So much nicer. I'm sure the market is so stupid that if they mark their assets to $1 when they're...

Well, government created so many distortions in the financial system that it collapsed. For example, the fact that Fan & Fred were allowed to buy non-conforming mortgages increased the desire to extend such mortgages. The Fed kept rates too low for too long after 9/11 and the burst tech...

I immigrated here from "the rest of the world". The rest of the world is an armpit by comparison. You have to ask yourself why you're so desperate for the respect of an armpit.

Yes, the scam worked for a while and Joe Blow still wants to believe it works just as the SEC is screwing Joe Blow. Name one regulation (which does something that wouldn't happen in a free market) that actually protects Joe Blow investor instead of serving only to insulate industry insiders...

Except that the only countries we've ever seen that happen in is countries which behave the way the United states is behaving now. You and Karl Marx are still waiting for it to happen in a free market economy. Do us a favour and hold your breath until it happens.

Duh. There's a very good reason for that.

You're right, Geithner is even worse. At least Paulson paid his taxes. They won't be able to fob off these bad assets on private investors. Tax payers will be on the hook. To recapitalize banks, you can't sell $1 in bank assets for a $1 because that just means that the banks are...

It's the Upper EAST side. They cost so much because of supply and demand. The Upper East Side is a good neighbourhood and you're trying to cram millions of people on a 13 mile island. All apartments are insanely expensive. Here's a link to an article about the cost of living in NYC...

Madoff was a major political donor. Ask any (ex) SEC examiner and they will tell you that the very small and politically connected people and companies are left alone. You call it corruption, I call it the natural state of any government body. The SEC cannot, will not and has never been...

This is either good or bad. Either this Markopolis (sp?) has really been puffed up by the Madoff thing or he really does have solid evidence of other ponzi schemes. Fraud like this is rare, despite the media super-focus at the moment. I'm afraid that this guy is feeling terribly important...

You mean at no incremental cost to them. Unless, of course, you consider a wait list a cost - which I do.

My family lives in Canada. My aged uncle can barely walk because of a pinched nerve. It's been two weeks and he is still on the waiting list to see a specialist. The screwy part is that he used to be a surgeon in the Soviet Union and he doesn't think the Canadian health care system is much...