tk6910

Total Rating:
0 / 0

9 Comments

    • Sun Sep 28th 14:50 PM | Rating: 0 0
      Commented on:
      Assets and Capital: The Two Major Issues in this Crisis
      Not to be petty, but I just checked your bio because you are so muddled in your thinking. It's obvious you were demoted from Wharton to Penn State, not exactly the mecca of financial and economic academia. Keep writing like this, you will move down to a community college level.

      Sorry to be so personal, but your ignorance really pisses me off.
      View article »
    • Sun Sep 28th 14:44 PM | Rating: 0 0
      Commented on:
      Assets and Capital: The Two Major Issues in this Crisis




      with all due respect, your article only confuses the matter and is inherently nonsensical.

      with regard to pricing of assets, the Paulson plan is to pay obscenely inflated price for the banks' assets. And that is because everyone (except you) knows that the banks do not have sufficient capital to absorb the losses in assets and face bankruptcy. You assume that foreign central banks will keep our banks afloat by investing more than what they have already lost. How stupid you are. If that is the case (as it was in earlier months of this year) Paulson and Bernanke would not have come up with the current plan.

      Your ignorance is harmful, and you should think more carefully before cranking out your blogs.
      View article »
    • Tue Sep 23rd 19:34 PM | Rating: 0 0
      Commented on:
      Bernanke Gives Up on Reverse Auction Idea
      Felix, I agree with you 100%. Bernanke's idea is so wrong and harmful to the average taxpayers, that I am beginning to think that he is evil(in bed with Paulson and his banker friends), not just moronic.
      View article »
    • Fri Sep 19th 17:59 PM | Rating: 0 0
      Commented on:
      It's a Bull Market in Government Intervention
      One more point. Paulson's trillion dollar plan to address the bad debts of financial institutions do not solve the real problem. Those debts are bad because housing price is falling and homeowners are defaulting. Paulson's plan will clearly help the bankers, but will do nothing about the rising defaults and falling housing price.
      View article »
    • Fri Sep 19th 17:50 PM | Rating: 0 0
      Commented on:
      It's a Bull Market in Government Intervention
      Remember when Paulson used the bazooka analogy to coax a blank check from the Congress to save Franny? At that time, the estimate the taxpayers might have to fork out if his plan did not stabilize the GSE was about 25 billion dollars. The tax payers are tapped for over 200 billion dollars MINIMUM for Franny so far.
      Now Paulson is asking a blank check from the Congress to the tune of over 800 billion dollars. Apparently he has moved up to using a nuclear bomb. And the true cost will be in trillions of dollars.
      Time and time again, Paulson has proved that his words are meaningless. Remember how he reassured us in 2007 by saying that the US and global economies were never better? If the Congress goes along with his proposal again, there is something seriously wrong with the workings of our "democracy." All the incumbent senators and congressmen should be thrown out with Paulson. More importantly, vote against the presidential candidate that sympathizes with Paulson's plan.
      View article »
    • Tue Sep 16th 18:22 PM | Rating: 0 0
      Commented on:
      AIG: The Cramer Conspiracy Theory
      Cramer is at best an entertaining clown. He once touted himself to be at least as good an investor as Warren Buffet. He also compared his status in the financial world with that of Michael Jordan in basketball and Tiger Wood in golf. He is, however, peerless in talking from both sides of his mouth.
      More troubling is his underhanded agenda. He uses his soapbox to talk up GoldmanSachs and his Wall Street cronies to the detriment of those who take him seriously. He needs to be investigated for ethics violation: he sure acts like he is being paid by the Wall Street insiders.
      View article »
    • Thu Sep 11th 09:24 AM | Rating: 0 0
      Commented on:
      NAR's Chief Economist: Totally Clueless
      To say Lawrence Yun is clueless is being too kind. Lawrence Yun is a whor* with a PhD getting paid by NAR, a trade group.
      View article »
    • Sun Sep 7th 14:04 PM | Rating: 0 0
      Commented on:
      A First Look Inside the Fannie / Freddie Bailout Plan
      Quoting the speech, Paulson alluded to "the ambiguities in the GSE Congressional charter, which have been PERCEIVED to indicate government support for agency debt and guaranteed MBS." In the last paragraph, he also says "government support needs to be either explicit or non-existent."

      My interpretation of the above is that the US government is still not obligated to fully honor GSE debt or MBS. In fact Bernanke mentioned the possibility of a "haircut" in his speech at Jackson Hole recently. Does this mean the US government has some room to negotiate the terms of payment for GSE debts and MBS? What does this do to the bond market? I hope PIMPCO's(spelling intended) Gross will take gross losses for his gross greed as evidenced by his holding GSE debt at over 60% of his portfolio.

      I would appreciate some feedback as to whether my interpretation is in the ballpark.
      View article »
    • Tue Jul 22nd 14:24 PM | Rating: 0 0
      Commented on:
      Financials: How - And When - We Reached the Bottom
      Tom Brown is a hedge fund manager who invests primarily in financial sector. That makes him a biased salesman, not an analyst. Shame on Tom Brown for hiding his true motive.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»