The ultra-rich got ultra-richer.
Gary Weiss has an interesting blurb at his blog which may do a bit to explain why the Columbia Journalism Review has been able to stomach the thin gruel that the baloney bridgade serves up regarding the alleged, massive naked-short cover-up that knuckleheads like Phil Saunders, Patrick Bryne, and umpteen other angry bagholders claim is holding American enterprise hostage.. [more]
I know everyone's got the panties in a bundle over the so-called "bombshell" video in which Cramer purports to explain how to manipulate big stocks like RIMM, but unlike most of the indignant, including some of my colleagues, I don't buy it. [more]
Interested in nurturing, promoting, and honoring corrupt longtime cronies? Check. [more]
And don't sleep with your colleagues if you work at Wal-Mart.
Note: The marketer in question claims that Wal-Mart just wasn't ready for her.
Iraq. Sounds like a great place. Look at all the progress we're making. Those Iraqi police and troops will soon be able to handle security -- if by "security" you mean "savage, random reprisal killings." [more]
The Charlotte Observer has a good description of how Beazer did it.
Guess what? They wrap the giveaway back into the price of the house? Who woulda thunk it? You don't actually get something for nothing.
I'm sure this is just a coincidence. [more]
Brings new meaning to the old saw about how you know when a lawyer is lying. (answer: when his lips are moving...) [more]
How dare those high schoolers try and perform a play, to a limited audience, on a current-events topic that might stir some emotions?
Good thing they didn't try and talk about "Bong hits for Jesus," or they'd be suspended.
They know how to complain.
Especially the young ones.
*=Low Investment Content
Ooops. It's not like anyone's been predicting this. [more]
And there was much rejoicing. [more]
When I see video like this, I wonder why Balmer's got the funky reputation he's got. [more]
The great robot is now pushing pension funds to pay attention to environmental accountability. [more]
There's only one problem. [more]
I thought it important that readers know the following:
Broadway Dan (a/k/a TMF El Capitan) gave a presentation today at Fool HQ while wearing no pants. He was wearing a formal shirt and coat, however.
This is true.
That is all.
My colleagues in crustiness at the Paper Money Blog have done a bang-up job covering the housing bubble -- doing a lot better than mainstream media. [more]
Sorry, TMF El Capistrano, I mean Castrato, I mean CAPITANO will always be Broadway Dan to me. [more]
Jim Jubak has an interesting column here which discusses the counterintuitive phenomenon that we've seen in the market lately. When equities fall and currencies appear weak, the "safe havens" like gold get killed too. [more]
"People have to have controversy and people have to have a fracas in order to generate attention to the media," Rove said. [more]
Or maybe a bit more. Quite a bit more. [more]
This is my very public applause for BD's excellent work on those video caps pitches. My wife just finished watching them, and after I wipe the laugh-induced spittle off the screen here, I say, Bravo. [more]
... but a very nice place to hang your hat.
I've said it before. Here it is again, from our friends at the WSJ.
I nearly plotched when I saw these video pitches. Bandwidth ain't cheap. "What on earth," I wondered, "are my colleagues doing throwing money down the toilet on video bandwidth?" [more]
I hereby commence a little blog-only feature I'm going to call "best of the mailbag." Today's entry came typewritten, bearing a "Reno NV 895" postmark, dated March 9. [more]
In order to provide some relief to the beleaguered, anti NSS crowd that inhabits certain portions of this site, I have offered to answer the list of Patrick Byrne Troll questions that he posed a while back -- hoping to deflect my criticism from his God-awful performance as a CEO. [more]
So, yesterday in this quick take, I suggested that Tom Online was being snatched from shareholders at too cheap a price, because the parent company, by its own admission, no longer found public investors convenient. And since that parent company controlled the publicly-traded subsidiary, it could basically do whatever it wanted. [more]
I know a lot of people had been stumping for something like this, but I'm not sure it's any more useful than most of what we've already got for Caps metrics. [more]
Those pesky prosecutors refusing to do your political dirty work for you on your schedule? [more]
Original article is here. [more]
Original article is here. [more]
It's always great to see an admitted cyber-hitman, in the employ of one of corporate USA's most conspiracy-theory-driven CEOs, trying to put a spin on the imagined corruption of others. [more]
This article makes a pretty good argument for why there's more bad to come as a result of the blowup in subprime.
Who'd have thought an officially-sanctioned Ponzi scheme like the housing bubble could implode? It's enough to make you swear off Ponzi schemes for good. Until the next one comes along.
Bankrate sounds a bit desperate with this pile of tripe. [more]
Overstock's resident cyberstalker, director of social media, Judd Bagley, posted this little gem to a stock board Sunday. He calls it a "new project." [more]
Or at least, it used to, according to the Wall Street Journal. [more]
Cell phone bans in hospital.
For your protection? Or to pad the bill by forcing you to use the in-house technology?
Unless the Mayo is full of it, my bet's on the latter.
"Mortgages requiring little or no documentation became known colloquially as “liar loans.” An April 2006 report by the Mortgage Asset Research Institute, a consulting concern in Reston, Va., analyzed 100 loans in which the borrowers merely stated their incomes, and then looked at documents those borrowers had filed with the I.R.S. The resulting differences were significant: in 90 percent of loans, borrowers overstated their incomes 5 percent or more. But in almost 60 percent of cases, borrowers inflated their incomes by more than half." [more]
There is a great post on Cuban's blog describing why he's subpoenaing Gootube for information on people who are illigally uploading his content to Gootube. [more]
In another piece today, I noted that the "Inside Wall Street" column in BusinessWeek had recently tipped readers to consider perennial money-burner Altair Nanotechnologies (Nasdaq: ALTI). [more]
Original Article is here. [more]
This is your defense robot. [more]
Would you invest in companies located in banana republic where legislators push around government prosecutors?
Well, why would you, when you can do that without leaving the good old USA?
The SEC has finally started to crack down on the scumbags who send out those spam emails touting pink sheet garbage.
Suspending trade in the dreck is step one. Step two is throwing these boiler-room parasites in jail.
Always nice to see people using their company email to defend their firms' product, and insult the critics. [more]
Original Article is HERE [more]
I'm a bit behind with this, a link to a good update on UTEK, at Sharesleuth. Seems one of the subholdings is having some major problems, like, I dunno, getting run out of its digs. [more]
Note to Barack Obama: It's stuff like this that has earned you the moniker "Obambi." (Keep up the speculative investing, and maybe they'll call you "Obooya.") [more]
This is a test post to see if my blog still looks messed up (two posts inside one box).
Also, I'm checking to see how some of the formatting looks.
That is all.
Original article is here. [more]
Judge for yourself.
Conspiracy nuts will have a field day, I'm sure.
The SEC has another case (http://www.s.../lr20030.htm) against stock swindlers from Eastern Europe who hack people's brokerage accounts, sell their holdings, use the proceeds to push up thinly-traded garbage, then sell that garbage from other accounts for substantial gains.
Be careful out there.
If you haven't kept up with Casey Sarin's blog (http://iamfacingforeclosure.com/), you're missing out on one of the greatest car wrecks in the real estate fizzle. [more]
It's getting so you can't even make an honest living frontrunning buyout announcements by getting hold of non-public information and buying loads of options from overseas.
So, our good friend, Jasper "Jay" Knabb, CEO of Pegasus wireless, has purchased himself an infamous boat with a long history familiar to Bahamians and the charlatans who, from time to time, arrive there, story in hand. [more]
Way over the top, but really amusing nonetheless.
Here's a pretty chilling set of allegations about some shady operations. Well worth the read.