So PPIP, one of the largest wealth redistribution upwards in the history of our planet (second only to TARP and ahead of TALF...but then where does Fed setting rates below the market for banks fit it?...I digress) is a go after all. U.S. Treasury May Tap Eight to 10 PPIP Asset Managers This Week - Bloomberg You should be sickened, angered and ready to fight the ... read more

One of the primary tenets of my theory called Revolutionomics is that those who empower, win; and that those who try to control, lose. This theory applies to governments as people tend to fight oppressors, and it applies to businesses as well. And on the Internet, it applies to everything. That is, people will always migrate towards any site that empowers them to easily access or distribute ... read more

In 2008, consumers and businesses around the world bought almost 1,200,000,000 cell phones. Yeah, that's 1.2 billion gadgets connected to the wireless telecom networks around this world. That's a lot of cell phones. In fact, given that there's about 6 and a half billion people on the Earth, that's one cell phone sold for EVERY FIVE people on the entire planet. Put in other words, it's as if ... read more

Throughout his tenure, the CEO of Goldman was borrowing tens of billions of dollars to buy back his own company's stock and pay out executive bonuses. The whole time he told regulators, investors and clients that they had more than enough money on their balance sheet to risk in the markets, right into the teeth of the financial collapse of 2008…and weeks after publishing his third quarter 2008 ... read more

In 2007 and 2008, Goldman Sachs was selling trillions of dollars of worthless mortgage securities and as they later had to pay fines after being prosecuted for knowingly selling investors worthless junk, Goldman apparently knew that this stuff was worthless. At the same time, Goldman was risking their depositor’s and shareholders’ and lenders’ capital by leveraging up on ... read more

As a kid, I often got to stay up late on Thursday nights and watch Hill Street Blues, a great cop show based in Chicago. For the first few seasons, every episode started with the cops all gathered for their morning meeting, listening to their supervisor, Sergeant Esterhaus, tell them about what to expect out there – the latest crimes, what criminals to look for, and what else they needed to be ... read more

Just a quick post today... Just under one year ago I wrote a blog post:

August 13, 2008 11:26AM

No Brainer Trade: Short Dubai in August 2008

By Cody Willard

Numbers don't lie. And it's gonna take a lot of huge numbers to make stocks get back to their levels from late 2007. You have any idea how much Caterpillar and MMM, for example, are going to have to grow their toplines in order to get them back close to what they were just four quarters ago? Caterpillar was generating $13-$14 billion per quarter in sales in 2008. Last quarter, that dropped ... read more

Here're my tweets from this week: My shot clock as I was hitting balls into centerfield from home plate at Yankee Stadium http://bit.ly/2kI9cr What a rush! "I will sacrifice my body." @brianstelter: "Here's my first "Night Out With" column for NYTimes: Cody Willard http://bit.ly/WcDcf Shot Clock: I'm all over Jamie Dimon and the other crooks at JPM. And a real passage from the health care ... read more

Highlighted tweets from my twitter this week. You can follow me at http://twitter.com/codywillard. * Break up the insurance companies by simply enforcing existing anti-trust law and let innovation take place for the rest of us. Think of it this way -- If we break the five biggest companies in each of the insurance, pharma, and hospital industries int five or ten companies each -- by simply ... read more