Search results

2nd excellent article in the NYT In two days by Peter Goodman. This guy is a fantastic writer and journalist. Really outstanding. The Nation Too Big to Fail? Article Tools Sponsored By By PETER S. GOODMAN Published: July 20, 2008 IN the narrative that has governed American...

How Bad Could Things Get? Since World War II, there have been 18 banking crises in industrial countries. The worst five were caused by changing lending standards or real estate bubbles (often both) and cost at least 6 to 20 percent of G.D.P., the U.S. equivalent of $850 billion to $2.8...

- continued from above - To calm markets, the government last weekend hurriedly put together a rescue package for Fannie and Freddie that, if used, could cost as much as $300 billion. The urgent need for a rescue — together with another round of billion-dollar write-offs on Wall Street —...

This is the most emailed AND searched article on NYT. I think it's because it brilliantly written. The writer managed to succinctly capture the fear, trepidation and concerns over the economy shared by many investors, traders, businesspeople, and people in general, without getting too technical...

EXACTLY. I'm haven't resolved my preference should or shouldn't be legal. It's a complicated issue, and yes, good companies can be ganged up on and punished unfairly, just because they are thinly traded and therefore inherently vulnerable - this is especially true when there is concerted...

Great post, c. I honestly believe sometimes that middle america will have to be given the fat finger by the political class, deeper and harder, before they rise up and are willing to flip the tables upside down, clear the deck, and rebuild the republic. What we need... is a little...

I never intended to insult Mav. He alleged I was green (not a big deal), while not acknowledging that this regulation and the activities of 'market makers' that also arbitrage, are very complicated and often nefarious. My frustration is born from the fact that these market makers that are...

From the WSJ on the same topic (and a pretty good summary as to the arbitrary nature of the new SEC rule): July 17, 2008, 1:24 pm The Financial Short-Selling Spike Posted by David Gaffen Annelena Lobb has this report on how short interest in financial shares increased prior to the SEC...

Right on, Mav. The SEC is simply instituting this rule to protect investors from 'higher costs,' as they claim. I'm sure that your implication that there's no arbitrage opportunities for market makers is spot on, too. [If you don't even understand that naked short selling is legal, I...

You are the naive one. You act as if you know, make false statements (e.g. "naked shorting is illegal, period"), then attempt to clarify them in an attempt to save grace ("three day clearing"). Goldman Sachs IS a market maker. Any broker-dealer that agrees can act as a market maker, and...

Those brokerage firms are market makers.

Just a quick Google search to back up what I'm saying about MMs BENEFITING from naked short selling: - from a Financial Times article TONIGHT: http://www.ft.com/cms/s/0/8919240e-543e-11dd-aa78-000077b07658.html?nclick_check=1 Shorting ‘makes billions’ for fund managers By...

Maverick, c'mon. You can't be serious. I know there's no way that actually believe what you just wrote. http://www.sec.gov/spotlight/keyregshoissues.htm "Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain...

Naked short selling is NOT illegal. The SEC must be able to prove it's being done with the specific intent of driving down the share valuation of a particular company. Do you know what a nearly impossible task that is? Trying to decipher intent to drive down share price from a belief that the...

Before I respond further, let me ask you one simple question? Why was this restriction put into place on only 19 securities? Edit - Two questions. Is, say, Goldman Sachs a MM (rhetorical, I know)?

Of course I do. Does it say anywhere that the SEC is barring market makers from shorting the specified equities naked, themselves, through their trading arms? No. Let the SEC go one step further and simply announce that, which is conspicuously absent from their statement and apparent...

The SEC is going to bat for their buddies, using the old 'illiquid market' ruse. Nice, huh? You guys are all pieces of shit and don't matter. You deserve to be stepped on. You're just fodder in the eyes of the SEC...

I'll take a few things you said about me with a massive grain of salt, Pabst, as I suspect you were being sarcastic. I'm obviously not wanting any more wars, including a war with Iran. I also think your comparison with murder rate in American Cities with the death toll in Iraq to be...

hmmmm.... Pabst, that's some pretty cynical stuff you just wrote. If you really believe that, what's the difference between Gore and Bush, or McCain and Obama? I mean, they're different in name only, right, because the puppeteers behind the scenes stay the same?

Why are you discussing Nancy Pelosi, and generalities at that? The opinions I hold about the Iraq War were arrived at independently, considering ALL sources available to me, which includes domestic and foreign media. Hell, I even watch Fox News purposefully, just so that I can get a pulse on...