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  • The Nefarious and Destructive World of TARP
    Spot on, Andrew!
    Dec 07 06:51 am |Rating: 0 0 |Link to Comment |View article
  • Lehman's Lies
    OH great new IShortYou. They can now rape the taxpayer for everything they are worth. But a word of warning old boy. I don't think the PPT can hold this "sucker" up for much longer.
    Oct 06 10:43 am |Rating: 0 0 |Link to Comment |View article
  • Lehman's Lies
    What do you expect, mate? These fallen heroes of Wall Street are fighting for their very lives and they will basically say and do anything if they think it will allow them to survive another day.
    What I do know is that in the grand tradition of the great American plutocracy none of them will get into the slightest trouble for all their lies.
    Oct 06 10:01 am |Rating: 0 0 |Link to Comment |View article
  • Goldman Sachs and the Regulatory Arbitrage Trade
    How can you be so sure, Felix, when the whole of this outrageous financial system simply does not have a shred of credibility? The excesses that went on as a matter of course defy description and that is why the whole system is now hanging by a thread.
    Oct 02 13:37 pm |Rating: 0 0 |Link to Comment |View article
  • Goldman Says "Trust Us"
    I think these investments by Buffet are motivated by a fear that the market is teetering on the brink of systemic collapse, which of course would be disasterous for him. I think he is trying to show that he has faith in these "titans" of the market. MInd you, the very harsh terms he has exacted from both Goldman and GE would hardly fill anyone with great confidence because it shows how desperate they are for money at any price. It also shows that ordinary shareholders are always going to be shafted in the effort to survive
    Oct 02 11:43 am |Rating: 0 0 |Link to Comment |View article
  • Why I Bought AIG Last Week
    In early August Prudent speculations really like the look of Fannie Mae. Keep on pumping old boy and one of these days you might just get something right.
    Sep 23 06:32 am |Rating: 0 0 |Link to Comment |View article
  • A Black Hole Nearly Swallows Wall Street
    Fantastic article, Tony. Maybe something good will come out of this if the sort of things Dodd is talking about actually happen; that the disgusting people who have created this abomination are held fully accountable instead of being bailed out once again.
    Sep 23 04:44 am |Rating: 0 0 |Link to Comment |View article
  • Cramer Also Believes Cramer Has a Branding Problem
    In defence of Cramer, I think he currently has something dead right. His latest call is "SELL, SELL,SELL"
    Sep 22 23:30 pm |Rating: 0 0 |Link to Comment |View article
  • Cramer Also Believes Cramer Has a Branding Problem
    Are you sure Cramer didn't write this piece of inane promotional fluff for you?
    I watched a video on YouTube which covered clips of Cramer's predictions over a period of months and I lost count of the number of times he contradicted himself sometimes within days. He is just like a psychic, he only remembers the things he got right and conveniently forgets everything he got wrong. His call on Bear Stearns was a classic and when he explained why he didn't say what he actually did say, well that was pure "Cramerism".
    My advice to share investors is never trust so called seers and gurus. Take responsibility and do your own research. Mind you, I wouldn't have anything to do with the market right now. It is being dominated by idiot gamblers.
    As for you Cohen, I agree with papita. Stick to listening to the Rolling Stones.
    Sep 22 05:55 am |Rating: 0 0 |Link to Comment |View article
  • A Turning Point for Financials
    I think you're right smarty pants.
    Sep 19 10:09 am |Rating: 0 0 |Link to Comment |View article
  • The Financials, the Automakers, and the Call That Cramer and All of CNBC Got Wrong
    Andy I don't know why you bother with an article like this. Cramer gets it wrong again and again and again but if you dare to point this out his loyal fans will rush in and defend him to the hilt. People of low intelligence need their gurus and they infuriated by people who criticise their infallibility. I am just waiting with baited breath for Ben Stein's next offering about how it's really not that bad and if we all just hang in there and believe then everything will be just fine.
    Sep 18 10:52 am |Rating: 0 0 |Link to Comment |View article
  • AIG Shareholders Left in the Cold
    You are exactly right. The terms of this bailout make it nigh impossible for the company and thereby the shareholders to actually make money in the future. In the unlikely event that anyone makes any money from AIG, it will be the goverment. The shares are moving up strongly today which is simply indicative of the number of idiot gamblers that move this market on a daily basis.
    Sep 18 10:38 am |Rating: 0 0 |Link to Comment |View article
  • AIG: Hardly a 'Bailout', Absolutely Necessary
    I agree with you entirely. I think these terms are very tough and necessary to protect America's reputation overseas. America needs, what is it, $2 to $3 billion dollars of foreign money every day of the year just to get by. If you want that flow of money to continue, boy oh boy, you better protect their interests when things go pear shaped. And you better get used to it because that's what happens when you are hopelessly in debt.
    Sep 17 10:39 am |Rating: 0 0 |Link to Comment |View article
  • It's Ugly Out in the Markets
    Hank rescued AIG. a company that is hopelessly insolvent but was deemed to be too big to fail with $85 billion dollars of money that will have to be borrowed by the American government, which I am afraid to say, is also hopelessly insolvent. Why will America get that money? Because America is also deemed to be too big to fail.
    Now this is a formula that worked last night but every thinking American should ask themselves, How long can this go on for? When you have politicians who keep on offering tax cuts as a solution to America's problems, trust me, you are only going to go deeper and deeper into the abyss.
    Sep 17 10:22 am |Rating: 0 0 |Link to Comment |View article
  • AIG Is Toast
    Oh you are so right Felix. This market should be in complete freefall. This goes further than blind denial. This is total madness. What is holding this idiot casino up. Look at the number of shares being traded in AIG. I notice the shares and the whole market went up an hour or so ago and I went looking for the reason, CNBC of course. They headlined a new rumour that the Government was relooking at a fix. God help me. This is beyong a sick joke. If AIG didn't have enough problems, IKE may have caused $15 billion dollars of damage. How will they pay the claims?
    America's reputation is being irreparably damaged by all these goings on.
    Today it was reported that Singaporeans were lined up outside AIG's office there desperately trying to retrieve money they had with them.
    Sep 16 12:52 pm |Rating: 0 0 |Link to Comment |View article

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