phil from Edmond

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Origins of the Economic Crisis in One Chart

How about just one statement. Capitalism doesn't work.
Dec 07 10:00 am |Rating: +1 -1 |Link to Comment |View article
A Little Known Fact, And Good News, About This Crisis

I agree that the tax code creates incentives that stimulate housing demand and distorts the investment decision. Additionally, the 60's and 70's may not have been a housing bubble but only because the extreme inflation of the period and demand of baby boomers supported the price inflation of housing.

Dec 02 09:03 am |Rating: +2 0 |Link to Comment |View article
What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

Maybe we will get to bankruptcy with AIG but it will be after foreign banks are paid off. The footnotes to AIG indicated that foreign banks were holders of a large amount of CDS and were using them to meet Tier 1 requirements. At 12/31/07, AIG expected these positions to be extinguished in 18 months.
Nov 26 08:03 am |Rating: +4 0 |Link to Comment |View article
6+ Questions About the Government's Stake In Those Bailed-Out Companies

Dear John Thain, I think you are right to question what happens next. It seems we are nationalizing a bunch of debt. It only works if the federal government is not asked to pay it off( to China, Russia or Saudi Arabia) or we inflate the dollar. The best path is to reduce the trade deficit. To do that we need to reduce oil imports and get other nations to buy our products that are competitive in the world market.
The worse thing is to try and stimulate an area of our economy into another bubble.
Oct 04 18:49 pm |Rating: 0 0 |Link to Comment |View article
The Three Ways of Dealing with Financial Crises

A low long-term real interest rate . Why invest in treasuries which are going to be in abundant supply?
Sep 22 10:02 am |Rating: 0 0 |Link to Comment |View article
Fannie and Freddie: Mission Drift on Parade

Nice analysis. Quite a contribution to understanding what has been going on.
Sep 12 08:46 am |Rating: 0 0 |Link to Comment |View article
Merrill, Lehman Knew the Score Before: Inexcusable

Is there any explanation of the structure of these investments? I find it difficult to believe that any reasonable product of Merrill could decrease in value by 80% unless it was highly leveraged or was all sub-prime. But if that was the case, how could a responsible management allow such a large amount of product to get stuck on the books?
Jul 30 07:10 am |Rating: 0 0 |Link to Comment |View article
Six Quotes from Fannie Mae on the Mortgage Industry

It's worse than I thought.
Jun 20 18:25 pm |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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