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They buy Government bonds and sit on them.

Steel might not be the best indicator as the overcapacity arises from every province feeling that it had to have its own steelworks as a status symbol.

It would be potenmtially dilutive to dividends as it would be paid in preefernce i.e having forst claim on cash available for dividend payout and thus leaving less cash flow available to common. Not a problem if C was awash in cash, but clearly it is not.

My guess is hat now that credit cards are maxed out people will have to start dipping into their 401k.

You gotta ask big. Private Jet for your travel like the auto CEO's. It's your entitlement. As a member of the new aristocrcy you wouldn't want the revolting experience of having to rub shoulders with the common people in business class.

Either a new bank takes over or the reciever would sell the debt to a distressed asset /debt collector [who now does not have to worry about a Bank being fusy about its image.]

A sudden blitz of reassurance advertising is frequently a prelude to bankruptcy. Example: Refco.............................

Should have read Ben Graham. that is why he insisted on net:net, coz the reason the company was trading so low vs Book was probably because the plant was worn out or produced something that nobody bought, hence no sale value in a liquidation.

We will have reached the bottom when Ferrari/Lamborghini/Maserati go bust again.

If you look at some of the stocks they were holding as recorded by the GS hedge fund index it is obvious that they were all in a crowd trade. I disagree that liquidity was not a factor. They were all holding the same thing which in a sell off would mean stuff ordinarily liquid enough was not...

It seems very common that market professionals take huge losses on shorts when a market becomes the pension overweight or retail frenzy. Think of Soros/Druckenmiller getting killed on tech shorts because their frame of reference was the P/E at which the mutal funds that had previously dominated...

My guess would be a combination of forced deleveraging with liquidity issues i.e can't get out of positions without a huge concession plus their supposed stella returns were Walt & Irmas buy and hold return juiced to 30-40% by 4:1 + leverage. Just look at their holdings. Their results can only...

The answers to all the problems of the US and the World are freely available in any bar on any night.

Most well known 'experts' are usually better self publicists than actual competent operators.

SEC squeezed past the elephant in the room to prosecute a celebrity and thus show it was doing its job...........................

Pulls data from Yahoo and MSN into a spreadsheet. Fabulous tool. http://finance.groups.yahoo.com/group/smf_addin/files/

How old is that guy now? I mean wasn't he around in the '80's? Is that a toupee [hairpiece] he's sporting these days?

Doubt it. Generally OTC stocks are put together for about $300,000, sold for a few million at IPO to suckers and then serially diluted to other suckers. I suspect you can become very badly unstuck applying listed company strategies to OTC stcoks.

10% gains juiced to 40% with 4:1 leverage* + unlisted investments marked to make believe. *(works other way on the downside i.e. if we have a -25% move that means.....................opening of funds to new investors)

I would have thought the fact that they are opening their previously closed funds is a negative, not a positive. My interpretation is that they have lost funds either through redemtions or market losses and are looking to increase the proportion of no mark new investors. This decade the...