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    SEEKING ALPHA: Breaking Down the Geithner Plan

    If you cannot play well, play faster? http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aL7CTGCYZBOc Geithner Pressed By G-7 to Move Faster on Bank Bailout Bloomberg News - Feb 16, 2009 Stung by domestic criticism for failing to provide details last week on just how he plans...
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    SEEKING ALPHA: Breaking Down the Geithner Plan

    I do too.
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    SEEKING ALPHA: Breaking Down the Geithner Plan

    SEEKING ALPHA: Breaking Down the Geithner Plan by Geoff Gannon - Feb 12, 2009 http://seekingalpha.com/article/119900-breaking-down-the-geithner-plan Yesterday, the stock market tanked as Treasury Secretary Geithner outlined his financial stability plan. Blogger Felix Salmon...
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    Inside Wall Street's Factory of Fakery

    Tom Patrick former chairman (and former CFO) ousted from Merrillin 2003 was on CNBC today. In Tavakoli's book mentioned in the MacDonald article (Dear Mr. Buffett) she said loan losses for subprime/AltA/prime that were from bad mortgage products woudl reach $450 billion. Patrick said that...
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    Crackdown on Wall Street: The Perp Walks Are Coming

    Especially since the information was out in the open and documented in Tavakoli's book. She calls this "the largest Ponzi scheme in the history of the capital markets." When Greg Newton reviewed her book he said "should anyone ever display the slightest interest in criminalizing the...
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    Inside Wall Street's Factory of Fakery

    You are very wise. Of course it was generous. The estimate was provided by a government appointed oversight panel.
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    Inside Wall Street's Factory of Fakery

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCrDynKBBFTM TARP Shortchanged Taxpayers $78 Billion, Panel Says (link above). Bloomberg News - February 6, 2009. That's just so far. The assets were worth $176 billion, but the Treasury paid $254 billion.
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    Inside Wall Street's Factory of Fakery

    They make Madoff appear insignificant.
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    Inside Wall Street's Factory of Fakery

    http://emac.blogs.foxbusiness.com/2009/02/05/inside-wall-streets-factory-of-fakery/ Inside Wall Street's Factory of Fakery Foxbusiness.com – February 5, 2009 By Elizabeth MacDonald Third in the Crackdown on Wall Street series Law enforcement officials say arrests on Wall Street will...
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    A Window Into the Wall Street Frauds

    A Window Into the Wall Street Frauds Second in the Crackdown on Wall Street Series by Elizabeth MacDonald - February 4, 2009 “What’s taking so long?” That’s the common refrain you hear among even the rank and file on Wall Street, home to the subprime bond factories. Even lower...
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    Crackdown on Wall Street: The Perp Walks Are Coming

    It seems you are desparate to miss my point. The point is, it was easy to predict, and a lot of people did. I don't mean general stuff like Wall Street got its models wrong, but specific problems with assets and leverage done publicly and with documented proof...
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    The China Syndrome: It's Our Fault They Don't Trust Us

    http://www.ft.com/cms/s/0/e4a8870a-f2dc-11dd-abe6-0000779fd2ac.html Financial Times – February 5, 2009 By Janet Tavakoli Published online: February 4 2009 17:10 | Last updated: February 4 2009 17:10 When Washington passed out hundreds of billions in bail-out funds in September 2008...
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    Crackdown on Wall Street: The Perp Walks Are Coming

    Well aware of what it is, and again this wasn't a black swan or anything close to it.
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    A Window Into the Wall Street Frauds

    A Window Into the Wall Street FraudsFoxBusiness.com – February 4, 2009 By Elizabeth MacDonald Second in the Crackdown on Wall Street Series “What’s taking so long?” That’s the common refrain you hear among even the rank and file on Wall Street, home to the subprime bond...
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    Crackdown on Wall Street: The Perp Walks Are Coming

    Black (or any other color) swans had nothing to do with it. Tavakoli in her book Dear Mr. Buffett demonstrates that no model would have accounted for pros intentionally putting out bad product. They were well aware the loans were bad and the packages of product were overrated and overpriced...
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    Say goodbye to Berkshire Hathaway

    http://www.amazon.com/gp/product/047040678X/ref=s9_subs_c2_s1_p14_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=0TWRZEYF70GGREC5E5FG&pf_rd_t=101&pf_rd_p=463383371&pf_rd_i=507846 This was a good read about what Buffett was doing while the credit bubble was bursting. Tavakoli says the...
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    Crackdown on Wall Street: The Perp Walks Are Coming

    http://emac.blogs.foxbusiness.com/2009/02/02/crackdown-on-wall-street-the-perp-walks-are-coming/ Emac Stock Watch - Fox Business - February 2, 2009 by Elizabeth MacDonald First of a series on the Crackdown on Wall Street With the economy in a national nervous breakdown, with global...
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    On Buffett and Derivatives

    The junk investing/trading section below highlights Buffett's trading style http://www.gannononinvesting.com/2009/02/on_buffett_and_derivatives.html On Buffett and Derivatives By Geoff Gannon Review by Geoff Gannon Janet Tavakoli’s Dear Mr. Buffett is an unusual amalgam of a...
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    DEAR MR. BUFFETT - New Meltdown Book

    http://www.gannononinvesting.com/2009/02/on_buffett_and_derivatives.html Gannon on Investing wrote a better review than I could (link above), but the information on models below is in the book. Best explanation of what went wrong with the models that I have ever read. It is from Chapter 2...
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    DEAR MR. BUFFETT - New Meltdown Book

    Did anyone read DEAR MR. BUFFETT: What an Investor Learns 1,269 Miles from Wall Street by Janet Tavakoli, the credit derivatives expert from Chicago? She said the cause had nothing to do with black swans (or grey or any other color), but Black Barts. She says there were no "outliers," just...
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