I give Obama all the credit. Everyone knows what's going on except him and he isn't listening nor does he care. Reminds me of a substitute teacher. It's a carnival out there.
The Plunge Protection Team wasn't able to prevent the 2000 and 2008 meltdown....
I don't think they can hence circuit breakers and restrictions on short sales. Reasons for selling are too varied to just throw money at the problem. Imo, the psychological factors need to be addressed first...
I think the sec should just use the honor system. If there is unusual volatility, firms could just phone in and say "Yo, that was us". I've seen this method work on Yahoo, some trade will go bonkers and people own up.
Below is a quote from an article in the NY Post. His words annoy me. Why? The judicial oath requires each justice to swear "to administer justice without regards to persons..."
Now either I'm misunderstanding either him or the oath or both.
Obama should know better
And in his run...
Tim Geithner Is A Hero, Says Hedge Fund Manager Mark Dow.
(141,000 hits on google.)
Sponge Bob is a hero.
(2,151,000 hits on google)
Tim has some more work to do on his image if he wants to beat out Sponge Bob.
No rational buyer wants to pay book value for the average large bank today because most sophisticated M&A professionals know that disclosed loss rates on loans and securities are currently understated. Our guess is that due to poor disclosure, price manipulation by the Fed and regulatory...
well ya know TGreg I have a theory.
I think that many of these "lowlifes" grew up in a middle class lifestyle. Kids reject those values at first but when the time came where they changed their mind and said "Yea, this is what I want" it was too late. No jobs available for the income and...
In essence, a taxpayer-funded bailout for the Chinese/Japanese and Pension fund holders of GSE debt that should have gotten a big haircut. More graft.
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Just as an example, ya think if you plunk down $100 million for triple A paper, the buyer would make an attempt to know what he...
On any random mortgage default, does anyone know who takes a direct hit?
If we had the bailout to the banks and the banks repaid the money, where'd the default go? woosh thin air?
It's been a while since I've checked but how long does it take these days for a check to clear? Last I knew you could have 1/3 of the funds immediately if you had the same amount in the bank, then you could have another third in a few days, then some arbritrary date in the future (like 7 days)...
"Americans are now far more likely to pay their other bills first before their mortgage (which is a big turnaround historically speaking.)
That means they pay off their credit cards, cable bills, car loans in place of their home loans."
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"First he describes a case study of...