AlexS

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146 Comments

    • Fannie and Freddie Did Not Cause This Crisis [view article]
      My understanding is that Freddie and Fannie were 100% government agencies until Lyndon Johnson sold them off in order to help pay for the Great Society/Vietnam War. Oct 06 06:07 PM
    • Monetary Madness: Global Margin Call Underway [view article]
      How will this play out? The way I answer it is that the U.S. currently has the dominant currency. With the U.S. owing trillions of dollars to other countries, would the U.S. prefer inflation or deflation? There's your answer. Oct 06 05:40 PM
    • Today Was a Buyer's Strike [view article]
      Why do people always blame free markets for crashes? How about, thank you Jimmy Carter for making a rule that banks have to give mortgage money to people who can't afford it? Thank you Bill Clinton for clamping down on banks attempting to get around such a stupid rule. Thank you Fannie Mae executives for taking in all those junk mortgages and reselling them so you could get your volumes and your bonuses up. Thank you Chris Dodd and Barney Frank for keeping Congress from reforming Fannie Mae. Keep on blaming those free markets. Congratulations on your assured re-election. Oct 06 04:41 PM
    • Two Exciting Brazilian Oil Stocks [view article]
      I thought BG was a British group. You know, British Gas. BG. I'm also a shareholder, although it's a little tough to get hold of the shares here in the U.S. Oct 06 04:18 PM
    • Added Liquidity Part of the Problem, Not the Solution [view article]
      The banks have lots of money now. They could peg the mortgage rate at 3% and still make good money but of course housing prices would skyrocket. At 6% they're making fantastic money, assuming Congress doesn't continue requiring them to loan money to people who don't have assets or jobs. Oh well. If the election goes at it looks like it might, the only people who will be buying houses will be the people who can't afford them. Oct 06 04:06 PM
    • Bank of America: Bailing Itself Out? [view article]
      The private sector will bail out the borderline cases. The public sector (i.e. the politicians) will attempt to bail out the hopeless cases and will, of course, fail. Oct 06 10:59 AM
    • Bailout 1.1 Passed. Will We Have to Go Back to the Well for v2.0? [view article]
      Not all wooden arrows. Just certain ones. Oct 03 06:07 PM
    • A Satirical Breakdown of the Bailout Plan's Expenditures [view article]
      I think you're missing $600 billion but then so are the banks. It's probably for bonuses. Oct 02 03:54 PM
    • Why Mark to Market? [view article]
      The problem is not mark-to-market as an accounting tool. The problem is mark-to-market as a regulatory tool. Regulators apply rules. If MTM shows you're insolvent by their rules then you're insolvent and that's just the way it is. Even if, in reality, you're not. Oct 02 03:26 PM
    • America's Reign of Terror [view article]
      No doubt about it, the politicians are pretty bad. Yet people insist on electing ones who want more and more power. I don't want to be ruled but I think Reid, Pelosi, and Obama would be more than glad to have us all as subjects. Just learn to say, "Yes, your majesty." Oct 02 03:22 PM
    • Bailout Bill: Second Verse, Same as the First [view article]
      Might as well be me if I was a good buddy of Barney Frank or Chris Dodd. That's the problem with this stuff - it's not for the good of the general public and the public has no good way of profiting. It's for the politicians and their so-called banking friends. Oct 02 02:46 PM
    • How Much Are Fannie and Freddie to Blame? [view article]
      Essentially, originators would be laundering mortgages through Fannie and Freddie. Junk mortgages in. Implicit government guaranteed mortgages out. What a scam. Oct 02 12:35 PM
    • How Much Are Fannie and Freddie to Blame? [view article]
      Trillions of dollars is a small price to pay for the approval of Barney Frank and Chris Dodd, especially now that they're members of the party in power in Congress. Oct 02 12:29 PM
    • Don't Get Sanguine About This Bill [view article]
      Curb-In, no I think that was Paulson's plan in People Magazine. Oct 02 12:59 AM
    • No Buy Recommendations - Cramer's Lightning Round (10/1/08) [view article]
      Kramer's always had buy recommendations when the market was at its high. Now he's got none. A sure bottom sign! Oct 01 11:53 PM
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