monday1929

http://thenewgreatdepression.com
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56 Comments

    • Fri Nov 14th 12:43 PM | Rating: 0 0
      Commented on:
      AIG: The Fed Is a Really Bad Trader
      The FEd is doing exactly what it intended to do- help hide the bankrupt condition of JPM and Citbank. They are criminals, but not stupid.
      View article »
    • Fri Nov 14th 11:43 AM | Rating: 0 0
      Commented on:
      Government Bailouts Multiply as Paulson Prepares to Leave Washington
      It is good to see that Fascism is the term being used to describe this looting of the economy. Mussolini himmself said that "corporatism"... was the better term- the melding of Big business and Government. The well connected/bribe paying few get the benefits.
      View article »
    • Fri Nov 14th 11:07 AM | Rating: +2 0
      Commented on:
      GE's Dividend Assertion is Dangerous
      Delusional buying has done much more damage than short sellers ever could. If shorts are wrong they lose money. Does anyone understand that?


      On Nov 14 10:03 AM Gem wrote:

      > I was not surprised by the final disclosure that you hold a short
      > position in GE, as I was intellectually disgusted when reading the
      > obviously biased "analysis" of the GE situation.
      > You are a prime example of why short selling needs to be regulated.
      View article »
    • Fri Nov 14th 08:21 AM | Rating: +2 0
      Commented on:
      Revisiting the Dow's Late 1930s Rally
      All of the problems you list were there at the 14,000 peak when most were bullish. I am as bearish as they come, and called this crash, but markets will have explosive rallies on their path to the low. This low could easily be in the 1,000-4000 area in the Dow. History supports a 60-100% rally at some point, and numerous 10-30% rallys will occur. One thing these rallys assure is that most investors stay long throughout the entire Bear market. The biggest , sharpest rallys occur in bear markets, Bull markets have sharp sell-offs to shake off most investors.


      On Nov 14 07:52 AM Groundhog wrote:

      > Uh...remember why we're in the mess we're in. All that wealth we
      > thought we had was fantasy. Desperate to make up their losses, traders
      > and speculators are writing a new fantasy tale everyday, and the
      > financial media is trying to suspend our disbelief. Are we on the
      > path to sustainable energy sources? Is Detroit making cars that people
      > can afford to drive in the future? Does the USA have an industrial,
      > manufacturing, agricultural, and services economy ready to meet the
      > competetive challenges of the 21st century? Is our commercial utility
      > infrastructure dynamic and robust? Are our urban youth staying in
      > school and educating themselves for a prosperous future? Does our
      > goverment operate on a balanced budget? Do I have a real job? Is
      > my opinion worth the steam off of yesterday's you know what? The
      > answer to all of these questions is no. So I don't think this is
      > an economy worth investing in yet, and when it is, the investor will
      > still have to pick and choose based on the financial fundamentals
      > of individual corporations. Everyday is market day on Wall Street.
      > Don't be distracted by the fanfare. Stay in your houses, if you still
      > have one. This is the eye of the storm.
      View article »
    • Wed Nov 12th 13:35 PM | Rating: 0 0
      Commented on:
      The End of Our Banking System?
      Inflation does not errode banks capital.
      View article »
    • Wed Nov 12th 13:20 PM | Rating: 0 0
      Commented on:
      Where's the Bailout Now?
      Then the officers of this company who swore what great shape they were in days before begging for a hundred Billion of taxpayer money should hire some more lawyers.


      On Nov 12 09:38 AM AIG IS A GREAT AMERICAN COMPANY. wrote:

      > Heck: It is even illegal in Nebraska:
      >
      > These statements, advertisements, implications or innuendos about
      > the solvency or condition of other companies may be a violation of:
      >
      >
      >
      > Neb.Rev.Stat. §44-1525(1)(d) concerning misleading or misrepresenting
      > the financial condition of any insurer;
      > Neb.Rev.Stat. §44-1525(2) concerning untrue, deceptive or misleading
      > advertisements or statements; and
      > Neb.Rev.Stat. §44-1525(3) concerning derogatory, false or maliciously
      > critical statements about the financial condition of an insurance
      > company.
      > Increased replacement activity attempting to capitalize on public
      > hysteria over the financial condition of insurers is particularly
      > suspect and will be scrutinized by the Department of Insurance.
      >
      View article »
    • Wed Nov 12th 13:18 PM | Rating: 0 0
      Commented on:
      Where's the Bailout Now?
      AIG is bankrupt and some of its officers should go on trial. JPM and Citi are bankrupt. I have posted these statements under my own name and challanged Citi and JPM to sue me. They will have to reveal their level three "assets" (trillions in worthless derivatives hidden off books thanks to exemptions bought from politicians when Enron "reforms" were passed) in open court if they do so. No takers yet.


      On Nov 11 09:56 PM AIG IS A GREAT AMERICAN COMPANY. wrote:

      > Salingwindward:
      >
      > I would be careful about your comments. Make false statements about
      > insurance companies is illegal in most states and you may face fines
      > or worse! I would retract them ASAP!
      View article »
    • Wed Nov 12th 09:15 AM | Rating: 0 0
      Commented on:
      AIG Bailout Redux: The Perils of Open-Ended Liability
      I've been calling AIG a "conduit" to funnel money to the insolvent JPM,
      But "orifice" is a MUCH better description.
      View article »
    • Wed Nov 12th 09:00 AM | Rating: 0 0
      Commented on:
      AIG Needs More of Your Grandkids' Money
      Resign? He should be jailed.


      On Nov 10 08:22 AM squashnut wrote:

      > Every Day I wake up shocked that Paulson has not been forced to resign.
      View article »
    • Wed Nov 12th 08:52 AM | Rating: 0 0
      Commented on:
      AIG: Paulson's Folly
      AIG is just a conduit to pump money into JPM and other failed banks. Paulson will let AIG twist in the wind after it serves its whoreish purpose, with apologies to whores who at least are honest about what profession they belong to. Paulson lobbied to remove the regulations which might have prevented this problem from exponentially growing over the past 5 years. Pailson needs to be prosecuted for aiding this looting of the American Economy.
      View article »
    • Wed Nov 12th 08:39 AM | Rating: 0 0
      Commented on:
      Did WaMu Make the Worst Possible Deal for Itself?
      More evidence of the Fascist bailout of a "protected" bank. Was Paulson stroking a white cat and sipping fine Cognac as he made that call?
      Shareholders were wiped out to shovel yet more Billions to JPM, who is insolvent. They have trillions of near worthless derivatives hidden off their books (see "enron loophole")
      View article »
    • Wed Nov 12th 08:34 AM | Rating: 0 0
      Commented on:
      AIG's Implosion Caused by Misplaced Bets on Credit Default Swaps
      This is surely another way to funnel tens of Billions of Citizens dollars to JPMorgan. They hold about one third of the 800 Trillion in close to worthless derivatives still out there. JPM is the favored bank and will be rescued at all costs by the FED. This, again, is Fascism, not socialism;
      the combination of Government and favored Big Business.
      View article »
    • Thu Nov 6th 10:10 AM | Rating: 0 0
      Commented on:
      Citigroup Is Heading into the Single Digits
      It would be nice if those bullish now on Citi were not also bullish when it was at $50.00 per share. Citi will be a nice "lottery" ticket to trade at about the $8.00 level . It may rise 100% from there. But it will then be a $16.00 dollar stock. If they have paid off the right people and they are not to be "donated" to JPM, eventually they should be able to return to their criminal ways and regain profitability (laundering drug money, analyst conflict of interest etc.). Are any of the above posters aware of the death theats received by Ms. Whitney when she made her correct predictions last year about Citi's fate?
      View article »
    • Wed Nov 5th 08:38 AM | Rating: 0 0
      Commented on:
      Opportunity in the Paulson Backlash
      This IS Fascism in action- the favoured and connected are fed the weak and unprotected. Jamie Dimon's jowls glisten with anticipatory drool.
      View article »
    • Wed Nov 5th 08:32 AM | Rating: 0 0
      Commented on:
      Email Smug.Complacent-Failure@NYFed
      More great satire. You almost had me believing they appointed Bear Stearn's Cheif Risk Officer to a Fed post! You got me. Thanks for my morning laugh.
      View article »
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