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November 2008

Recs

12

Rubin Slithers

November 29, 2008 – Comments (4)

Really, how much oversight can you expect from the poor guy. Why should he take any blame, or admit to any mistakes?  [more]

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13

USA! U-S-A!

November 28, 2008 – Comments (12)

Is being the first one to buy cheap junk really worth more than the life (lives) of your neighbors?  [more]

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3

Are you doing your homebuilder homework?

November 28, 2008 – Comments (2)

I defer to Floridabuilder on all things homebuilder, but if you have followed his advice on what to look for in a potentially bankrupt public builder, and you've looked at some recent press releases, you will, I believe, see some of what he's been talking about...

As some of these continue to pop up, I'm putting in place some speculative short positions. Small moolah, capping the potential losses, etc.

Sj

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14

Innocent Victims of the Credit Crisis

November 26, 2008 – Comments (8)

is this the best reporters can do?  [more]

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3

Calling Neil Irwin and Zachary A. Goldfarb at the WaPo

November 26, 2008 – Comments (1)

Come on, guys... This is "reporting?"  [more]

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8

Why bother saving money?

November 25, 2008 – Comments (2)

Don't talk to them about a rainy day fund, the three to eight months of living expenses that financial advisers recommend everyone set aside as a cushion. Goldman burned through his in a few months. "Oh my God, is that even realistic?" Alenia Johnson asked, laughing at the idea. "Who can afford to do that?"   [more]

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7

GlobeTel/Sanswire Blimp Wreck and Obama's Coattails

November 24, 2008 – Comments (0)

Like a horror-movie monster that just won't die, the grotesque blimp story continues, even for the scraps of penny-stock nightmare Globetel. The leftovers, called Sanswire, are trying to ride Obama's coattails, I'm guessing to try and pump a little air into the share price.  [more]

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9

Bair and Paulson, the Lie-namic Duo?

November 24, 2008 – Comments (0)

Remember, the knuckleheaded "save the mortgage" plan these two are shoving down taxpayers' throats relies on math that was already way way too optimistic. Existing workout numbers were showing far greater failure rates than those assumed by Bair in announcing her bogus taxpayer price tag for the deal.  [more]

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14

Paulson and Bair: "Wait, no that buying toxic asset thing, let's try that again..."

November 24, 2008 – Comments (9)

Wasn't it just a week ago that Paulson said we didn't need to buy up or guarantee toxic assets, that simply handing out money to shore up capital was good enough? Citi has gotten GOBS of extra capital, both from government and private overseas bagholders, and it now needs another $20-$250 billion worth of taxpayer largesse?  [more]

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8

2nd Biggest Bunch of Crooks

November 24, 2008 – Comments (2)

So, the homebuilders, the second biggest bunch of crooks in this nation (following the bankers who sliced, diced, traded, sold, and misrepresented all those mortgages and the frankensteins that followed), want a $250 billion taxpayer-funded bailout.  [more]

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17

Here comes the deflation...

November 19, 2008 – Comments (9)

Consumer prices post biggest monthly drop on record. Gobnmint numbers are here, but, of course, they don't measure stuff the way it used to be measured, so you can't make that claim on an apples to apples basis. Still, prices are dropping, though year over year, we're still paying more for stuff.  [more]

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23

The Poor Victims...

November 16, 2008 – Comments (10)

New York Times, official home of bleeding-heart reporters who can't tell the difference between stupid financial decisions, unsupportable greed, and untenable costs of living.  [more]

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18

CueBall no. 2 Says "We need lower interest rates..."

November 14, 2008 – Comments (8)

Is this really the best we can get, from the guy that cueball no. 1 (Paulson) picked to save America by buying up horrifyingly rank piles of crap temporarily imparied mortgage securities:  [more]

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3

Commerce Department, Heads up What?

November 14, 2008 – Comments (1)

Just a quick observation. Head to the commerce department's web site and try to find the latest economic figures quickly.  [more]

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19

Excuse me while I run out and short some stuff...

November 14, 2008 – Comments (7)

Very interesting numbers here.  [more]

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17

Bair and Dodd, the Village Buffoons

November 14, 2008 – Comments (8)

Dodd and Bair (the FDIC) still can't get it through their thick skulls that there's nothing they can do that can stop the drop in housing prices. Foreclosures are only a symptom, really, of the problem, which was simple: People borrowed more than they could afford to pay because they assumed they would not HAVE to pay. They assumed they would refinance, cash out at an inflated price, or they didn't bother to do the math at all.  [more]

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11

Crox Management, in Two Pictures

November 13, 2008 – Comments (3) | RELATED TICKERS: CROX

crox stock chart

 crox insider sales

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10

Capitalism to be Defended by Man Who Knows Little About it...

November 13, 2008 – Comments (3)

Ahead of G-20, Bush Defends Capitalism

Bush will offer a defense of capitalism and the American financial system in a speech Thursday, ahead a G-20 meeting that is likely to feature criticism of the U.S.  [more]

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15

Should the Government Stop Throwing Money in the Hole?

November 13, 2008 – Comments (3)


In The Know: Should The Government Stop Dumping Money Into A Giant Hole?

Only one swearword, I think. Don't click if you can't stand the s-word.

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26

Paulson Calls for Investment in Monorails, Band Uniforms

November 12, 2008 – Comments (15)

Paulson Calls for Investment in Monorail, Band Uniforms  [more]

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20

Paulson Admits: I Have No Idea What I'm Doing

November 12, 2008 – Comments (14)

He's admitting it via actions. Too bad he doesn't have the words.  [more]

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23

Read this...

November 11, 2008 – Comments (13)

Scary and funny and true.

Welcome to the socialist welfare state, brought to you by a Republican administration and 8 years of unrestrained corporate greed.

Amazing, isn't it? And to think, it's for our own good.

Sj

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23

So long, John McCain...

November 03, 2008 – Comments (10)

" I have a plan to protect the value of homes and get them rising again by refinancing mortgages so your neighbor won't default and further drag down the value of your house."

The final untruth in a campaign full of them. This guy once said he didn't know much about the economy. He doesn't know much about when of stop with the B.S. either.

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7

Your Money, to Bail out These Con Artists...

November 03, 2008 – Comments (3)

And hundreds more like them.  [more]

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