October 2009

For many years off and on, I used to short Yahoo. I ran a hedge fund before I took this job as a TV dude. We were a tech-centric, long-short equity hedge fund which means that I mostly traded tech stocks and bought and sold options on tech stocks. And for years, I used to pair my long Google positions, which I bought the day it came public and owned until I closed the fund, with a short Yahoo ... read more

So I'm sitting here at my desk and I'm actually reading a big part of these 1990 pages of new laws that the Republican/Democrat Regime in power are trying to pass in the name of "health care reform". I got very scared about this part of the bill I stumbled onto when I got to page 1391 (and no, I haven't read every single page...but I am reading a lot of it). On that page, the bill starts to ... read more

Let me get this straight: GMAC, which was owned by private equity gambling firm Cerberus (which is run by former Goldman dudes and even Dan Quayle), used to be the lending and banking and gambling arm of GM. The company was founded in 1919 to help finance cars for buyers of the GM brand. Over the years, the guys at GMAC got ever greedier and by the time the idiots at Cerberus gambled some $7 ... read more

Here are some highlights from my week's worth of tweeting: Robert Shiller: “Economics has been too isolated and too stuck on the view that markets are efficient and self-regulating.” HE'S FULL OF IT ON THAT ONE. The bailouts stopped the self-regulation part of free economy. And rule of law isn't self-regulation anyway. http://bit.ly/N6Ymt No $ for HC reform, but $ for corp tax ... read more

I pointed out on Happy Hour last night that the $140BB Wall Street’s going to be paying out in bonuses this year would buy 29 million Americans full health insurance. See it here from my shot clock, as I dressed up like JP Morgan and danced with a top hat and cane like the big bankers such Jamie Dimon at my namesake’s bank. Bankers are partying like it’s 1999 out of sheer happiness from all ... read more

The health care system,as is, is busted. Everybody knows that. It's unfair, it's corrupt, it's expensive, it's intimidating, it's exclusionary...we all know that change is necessary. But not the change that the Republican/Democrat Regime in power is trying to force upon us. You hear members who pretend they're from the Republican "side" of the Regime who say they want things like Tort Reform ... read more

Here are my tweets from this week. You can follow me on twitter at http://twitter.com/codywillard. Why does FINRA, Wall St's "police", invest in firms its regulating? Real Financial Reform: PROSECUTE, KILL FINRA, FIRE MARY SCHAPIRO! #tfree "Political Paradigm Shift" New music video from my band The Muddy Souls "Leftwing, rightwing its the same damn bird" http://bit.ly/politicps My ... read more

Here's a question for you all. Why do bankers and their shareholders and the companies they own get to break laws CONSTANTLY and then settle with the (supposed) prosecutors for a few pennies on the dollars they made in whatever scam they were utilizing? And as if that wouldn't be outrageous enough, you do realize that these banks nowadays use the taxpayer money they were supposed to be lending ... read more

Look, let’s keep it real and say out front and with no hedging that “government incentive” is just another term for “wealth redistribution”. What else is an incentive than some sort of targeted tax trick for some specific group? What else is a targeted tax trick than a means for enabling one group to benefit while those not in that group don’t? When someone’s ... read more