October 2008

Here’s what I was infusing into my own head for preferred Cody shares today: 1. Vote Out Every Incumbent 2. No Tomorrow? 3. Both Ugly: Technicals and Fundies 1. It sure didn’t take long – what just about a week – for that $700 billion Wall Street bailout to turn into a $2.25 trillion Wall Street bailout. How much money will you savers and renters actually have been forced ... read more

The hits, they just keep on coming... From the NYTimes today (in passing of course, heaven forbid we highlight and focus on how alarming the changed TARP Bailout has already become): "All told, the potential cost to the government of the latest bailout package comes to $2.25 trillion, triple the size of the original $700 billion rescue package, which centered on buying distressed assets from ... read more

1. Cronyism Don’t Make Me Confident 2. Our Ponzi Economy 3. Bankrupt Government Stimulus 1. So with this latest direct banking capital infusions -- we’ve gone from saying we were going to extract maximum pain on those who took risks of ownership of shares (shareholders) in any financial institutions that took in tax dollars in the bail out plan to simply handing them the money. ... read more

I had a spy fly on the wall at the big explicit Illuminati meeting yesterday between Paulson, Ben, and the nine biggest surviving banks in the country. And so let's actually picture the discussion in that room. The very CEOs who drove these giant banks into insolvency are sitting around with their former partners/co-workers/friends from the Treasury and ... read more

When your lonely heart breaks Don't sit counting your mistakes Don't be waiting for love to come back Don't be wastin' time Don't be lost in crime When your lonely heart breaks -- Neil Young Well, we're above 9,000 again.  We're up 8% plus from Friday morning's crash's crash.  And as I wrote Friday morning when  the markets were below 8300 -- "Of course, you’ll want to sell any ... read more

I've been thinking long and hard about the things you said to me, like a bitter stranger, and now I see the long, the short, the middle and what's in between, I could spit on a stranger. -- Pavement This is just hard, treacherous stuff.  I wish it were easier, I wish this weren't happening.  But as my high school JV basketball coach once quipped, "You can wish in one hand and spit in the ... read more

I actually trademarked the term, "The Can't Stop the Revolution" a few years ago. And their inability to stop the revolution is the good news. Ultimately, there's no stopping the will of the people in this country and the innovation and prosperity built thereupon. Right now, there's just no easy answer, no easy solution, no easy way out of this. So many of the virtuous cycles of the recent ... read more

What a far, far way we've fallen since the heady days of just last year, when Private Equity and the Investment Bankers who cater to them were ruling the world. I wrote this back in July 2007 What I really don't understand from these pundits who keep talking about the global repricing of risk somehow not being related to the economy, is what these guys think makes our economy run. I mean, do ... read more

Walk along and talk along and live your lives quite freely But leave our children with their toys of peppermint and candy. For seagull I don't want your wings, I don't want your freedom in a lie. Your thoughts they are of harlequin, your speeches of quicksilver, I read your faces like a poem, kaleidoscope of hate words. For seagull I don't want your wings, I don't want your freedom in a ... read more

So the fine folks in the government who were supposed to be making sure that any and all profits and losses from all contracts in this country belong to those who take the risks are forcing shareholders of Bank of America to pay the government $50 million in fines for misleading investors and causing this financial meltdown that we're all now living through. Bank of America to Return $4.5 ... read more