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While I understand your frustration it does come off as a bit elitist. I think you overstate the extent to which ordinary people who don't fall in to your categories are finding it hard to make ends meet. It was not just fraudsters and speculators who got in over their head, after all we are...

95%-99% is about 100K-300K on the income distribution graph and my guess is that those folks are hurting too if small business owners or else worried about their jobs so probably cutting back on discrectionary purchases and large purchases. Interestingly for Obama rich in terms of annual...

All bandaids while the patient is dying of internal bleeding and cancer.

I posted this early this year but now that the GSEs are under treasury control it is easy to implement. Basically means tetsing for people who can't pay thier mortgages. Sliding scale starting at extending term ending at interest only. In other words based on people's income available to...

Er, LEH bond holders might just have a problem with that!

I wonder how long before someone "gets" to her. Either gov "telling her" to change her tune or someone on WS. Pretty gutsy and very right/smart lady, I wouldn't want to be the one to screen her mail/calls though.

All stock deal will fluctuate with BAC price.

There is a world of difference between MER and LEH. If you recall I put on a long MER short GS (yeah wish it had been LEH!) trade a couple of weeks ago and the reason was because of the substatial insider buying in MER. This BAC aquisition didn't happen overnight, these guys were betting on a...

Thanks for the reminder, always worth reading your posts Cutten.

Ike as it relates to the refiners not much damage it appears so VLO should get a boost Monday. Sustained winds at landfall in the 85 range and flooding not as severe as expected.

http://www.bloomberg.com/apps/news?pid=20601087&sid=asJVNMXFF4yc&refer=home

http://www.theoildrum.com/

If you are talking about what current prices are indicating the probability of MBI touching $1 by Jan 09 is my software is saying it is 3%. I have no idea how to calculate it myself. By the way congratulations on FNM/FRE.

I will likely be laughed at for posting this but I will post anyway as I think in these times and potentially what is to come in the next few years if we good down the path of deflation that looks increasingly likely this simple but well done kids movie will have some relevance to those who have...

http://www.youtube.com/watch?v=BFDlOzJGriI Finally someone gets these guys to begrudgingly say that it is the tax payer who is going to have to foot the bill. There is so much cavalier talk about a bail out and rarely an acknowledgement of where the money is going to come from. I know we...

What's worse is that the nuimber of interest only and short term arms over there is staggering relative to the US and very few have a 30 year fixed.

USD strength is going to hit earnings just like it boosted them on the way down, that and global drop off in demand. I have been trading market direction off the Sox for the last year and it has been a great leader and what it is telling all who will listen right now is that multi year support...

Bottom line is that if you leave and don't fulfill your obligations you shouldn't plan on coming back, ever.

Another note from the lady who has been calling it correct all along.

Maybe but how many bonds is he holding? With the CDS dealers now saying that 1.4 trillion of FRE and FNM bonds are now deliverable due to the rescue a massive short squeeze may ensue.