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For traders at work! Keeps the boss guessing.
http://stealthswitch.com/demo.asp
Tyler Durden?? Wasn't he the one calling for a Citigroup squeeze like VW. When it keep falling to below a buck he wrote....I don't know what is going on anymore..
Nouriel Roubini, The government used assumptions for the macro variables in 2009 and 2010 that are so optimistic that the actual data for 2009 are already worse than the adverse scenario.
http://www.forbes.com/2009/04/15/gdp-stress-tests-unemployment-banks-home-prices-opinions-columnists-nouriel-roubini.html
I thought of you when I read the article. When in Houston, look me up. :)
TRAVEL IN A STEALTH RV
Randy Vining is a unique character who chooses to live full time traveling the country in his "stealth" RV. When Randy stopped in Murphys for a few days, Producer, Paul Moeller decided to feature his interesting vehicle and lifestyle on a program for Public Access.
Randy likes the anonymity his vehicle gives him. He can pull into any parking lot, or reasonable space and stop for lunch, or a nap, or wait out a storm, then pick up and be on his way.
The vehicle is a featherweight cargo trailer converted through his own inventiveness into 84 sq. feet of living space. It contains a shower, toilet, holding tanks and a bed. Not that you can see them. The vents are really windows. He has solar panels on the roof. Its hard to believe that he can manage his favorite radio station, television, a computer desk and all of the comforts of what the rest of us call home, in such a small space. RVers tend to live light inside and heavy outside where the weather is pleasant and cares are few. (No mortgage). Randy has been on the road for 35 years and wouldn't want to live any other way. Travel as a way of life gives him the time to write his poetry, indulge his curiousity about people he meets and visit quirky places in this country most of us have never heard about. Check him out at http://cheaprvliving.com and mobilecodger.blogspot.com. I loved hearing his stories from the road. Local Access in Calaveras County is Channel 7.
http://www.sfgate.com/cgi-bin/contribute/sn/persona?User=motherlode&plckController=PersonaBlog&plckScript=personaScript&plckElementId=personaDest&plckPersonaPage=BlogViewPost&plckPostId=Blog%3amotherlodePost%3a58193c50-f575-4eca-843c-701063004363&plckComm
"Wells Fargo CFO Howard Atkins discusses the banks $3 billion reported first quarter 2009 earnings. Atkins hypes the impact of mortgages to the bottom line, due to low interest rates and foreclosure selling no doubt, but shockingly admits at the 7:45 mark that with the writedowns that would have been required by Mark to Market the bank actually lost money on the quarter."
But zab has Cancer not everyone can be as lucky as you. Not really a "hahaha!".
Colorado bank biggest US bank failure of 2009
http://www.google.com/hostednews/afp/article/ALeqM5hEiHHCMevSVB6HlZH-I_abHVBcag
Unable to have a rival bank take charge of New Frontier's credits and deposits, the FDIC said it "created the Deposit Insurance National Bank of Greeley (DINB), which will remain open for approximately 30 days to allow depositors time to open accounts at other insured institutions."
New Frontier's failure will cost the FDIC around 670 million dollars.
Goldman Sachs hires law firm to shut blogger's site
Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5137489/Goldman-Sachs-hires-law-firm-to-shut-bloggers-site.html
The New York headquarters of Goldman Sachs, which has instructed a Wall Street law firm to tell a blogger to stop criticising the bank
The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.
that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled "Does Goldman Sachs run the world?". However, many of the posts relate to other Wall Street firms and issues.
According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.
Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight.
He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.
On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.
"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes.
Speaking to The Daily Telegraph, Mr Morgan explained how he went through a similar battle with US homebuilder Lennar a few years ago after he set up a website to collect information on what he alleged was shoddy workmanship in its homes. The pair eventually settled out of court.
"Since I went through this with Lennar, I've had advice from some of the best intellectual property lawyers, and I know exactly what I can and can't do. We're not going to back down from this," he promises.
Mr Morgan adds that if Goldman manages to shut down his site, he has a number of other domain names registered.
• Speculation is mounting that Goldman Sachs is set to raise several billion dollars via a share sale, possibly next week, in order to pay down a $10bn (£6.8bn) US government loan, as revealed in The Sunday Telegraph last week.
Bell Ringer Incident - Video
Imagine this...
http://nowthatsnifty.blogspot.com/2009/04/bell-ringer-incident-video.html
You just came to Texas Tech University as a freshman... You are SO PROUD that you have been chosen to pump up the crowd as the school's "BELL RINGER" during the big game...
Your whole family, all of your friends, and 15 million ESPN viewers see you on Saturday's telecast ringing the team's bell... But due to the tragically unfortunate placement of the bell, the camera and your body... Your whole family, all of your friends, and 15 million ESPN viewers, see you doing something that DOES NOT appear to be ringing the team's bell AT ALL...
Sometimes, Point Of View is everything.
Chefs are applying at Subway, long lines for min wage at retail. The adminstration should work getting jobs back instead of pumping up banks. People are not applying for loans they are applying for JOBS.
http://gmy.news.yahoo.com/v/12831151
Seen many on Ihub & SI get chewed up and spit out by Mr Market. Anyone trading 7 years should be at stage 3, unless of course they forget stage 1&2. Enjoyed your post.
Ok, I broke down and read the transcript. I am sure if Bill sat down with Softy or Federal Reserve the same points would be stated. On BO, I guess Black can't be 100% right all the time. It's good Black is getting the message out.
When said Black worked hard to elect BO I Iost interest.
Sears Holding SHLD has a forward P/E 683. Head turner.
http://www.zacks.com/research/report.php?t=shld&type=main&x=0&y=0
In research, I found this. Video very enjoyable and must see.
http://www.examiner.com/x-431-SF-Politics-Examiner~y2009m4d4-A-large-city-with-no-debt-and-mayor-with-92-approval-rating
Yes but which currency has less fleas.
SRS moves with viper speed. It takes nerves of steel.
Now that the expected news is out of the way, tomorrow will be a trend day down.
CRAMER declares Depression OVER. I feel so much better now. sarcasm. He refuses to call them Toxic assets ( now called Bargain Basement) on his show from here on out. Says WFC and JPM are honest and decent companies. ROFLMAO.
S&P 500 17 times earnings. In this market, I would have not believed it. We are up 1200 point in 3 weeks for the DOW.
Banks will collect 98 cents on the dollar on PPIP. The taxpaper will carry the burden of losses. In return the banks will be more leveraged than ever before. This will make AIG look like a cake walk.
Sorry, but nothing in this market is a guaranteed yes. You are right it's the reaction that counts.
Big Ben and Geithner both have stated during congressional hearings they are against changing M2M. This vote will be interesting to say the least. Nothing good comes out of congressmen who strong arms.
Get ready for April Fools pranks.
My guess GM reorganized and Chrysler liquidated.
Obama changes his mind like the wind blows.
I bet tomorrow, BK for GM and Chrysler.
http://www.nytimes.com/2009/04/01/business/01bankruptcy.html?hp
Under a plan being worked out by the administration, G.M. would file for prearranged bankruptcy, according to these people. It would then use a sale authorized under Section 363 of the bankruptcy code to quickly sell off the desirable assets to a new company financed by the government. These good pieces might include Cadillac and Chevrolet, as well as assets the company needs to run the business.
Less desirable assets, brands like Hummer and underperforming factories, would be left in the old company. Proceeds from the sales, including stock in the new company, would be given to the old G.M., helping to settle claims.
I think the drop is because of Obama additional comments about GM on Bloomberg "Obama believes a quick, negotiated bankruptcy is the most likely way for GM.
You got that right. That crazy horse is one wild ride. 9 dollar swings most of the time.
Yup and GM means Government Motors.
Ha!! Cramer pumps banks and they run after hours. Market has become nothing but pumpers and dumpers. Like I believe C and BAC when they had the best Jan and Feb for years.
I am IN pschneid, LARGE. ROFMLAO
Obama denies bailout funds for automakers
WASHINGTON — The White House says neither GM nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants.
President Barack Obama and his top advisers have determined that neither company is viable and that taxpayers will not spend untold billions more to keep the pair of automakers open forever. In a last-ditch effort, the administration gave each company a brief deadline to try one last time to convince Washington it is worth saving, said senior administration officials who spoke on the condition of anonymity to more bluntly discuss the decision.
Obama was set to make the announcement at 11 a.m. Monday in the White House's foyer.
US in favour of boosting IDB capital: Geithner
MEDELLIN, Colombia (AFP) — The United States supports increasing the Inter-American Development Bank's lending capacity, but only after it meets certain conditions, US Treasury Secretary Tim Geithner has told the IDB's general assembly.
"To help address the region's demand for finance this year and next, we encourage the IDB to expand its existing resources," Geither told the annual board of governors on the 50th anniversary of the IDB on Sunday.
"In the context of these efforts, the United States is also prepared to begin a formal review of the capital needs of the Bank to assess the merit of an increase in the bank permanent capital base," he added.
The IDB is seeking to increase its lending capacity to Latin American countries reeling from the effects of the global financial crisis, which has dried up credit.
IDB President Luis Alberto Moreno has asked the bank's 48 governors, including the United States which has a 30 percent stake in the bank, for an increase in capital to 180 billion dollars.
Geithner laid out US conditions for the expansion.
"We expect a commitment to good governance," Geithner said.
"This includes efforts to combat fraud and corruption and to strengthen the institution?s risk management capacity and procedures to ensure sound investment of resources provided by the shareholders.
"This bank, along with all the IFIs (International Financial Institutions), needs to demonstrate adherence to the highest standards," he added.
The United States and the Group of 20 developed and developing economies are holding a summit Thursday in London to review IFI operations, amid a background of growing concern over the severity of the global financial crisis.
http://www.google.com/hostednews/afp/article/ALeqM5gB-NQDkWHXq6kevyv7bZYqLn4e_A
OBAMA DEMANDED GM'S CEO RESIGN -Drudge headline. Nice to see the government control the head of a private corporation. sarcasm. Just goes to show, if you take a "LOAN" from the government you sold your soul. I wonder if the President will "Appoint" a union head.
GM 3.62 share, 2.2 Billion company (about 3 mo high). Many must think it still has a chance. I for one don't.
My guess is he did not want his name on the company when its taken over.