SHORTS ON HIGH VOLUME

[смешно]

LEHFQ 5,900.00% :grum:

тебе удалось закупится когда они ноль стоили? поздравляю. :lip:

[смешно]

похоже, что снова намечается обвальчик. гип-гип ура.

[Alechko]

тебе удалось закупится когда они ноль стоили? поздравляю. :lip:

:vinnigo:

к сожелинию 0 они не стоили, графики врут, но обмен (не продажа) акций был в раене 1/10 цента, сегодня игра идет с ММ

[Alechko]

я писал про люман год тому назад.... :grum:

http://forum.russianamerica.com/f/showpost.php?p=2699919&postcount=451

[Alechko]

похоже, что снова намечается обвальчик. гип-гип ура.

вроде третья волна, если елиоты правы, тогда 2012 год... кароче :vesh:

[Astrix]

WDC почти 300%. Учись студент. :lip:

молоток

[Astrix]

:vinnigo:

к сожелинию 0 они не стоили, графики врут, но обмен (не продажа) акций был в раене 1/10 цента, сегодня игра идет с ММ

8-O

[Alechko]

senator: how come america dont do @#$% anymore?

ben bernacky: well america leads the world in ted spreads and other indicators and also we print toilet paper and count carbon molecules better than china so does that count?

senator: oh that only cost us 10 trillion$ in fed programs and tarps? What a deal! You did great

bernacky: no problem oh by the way if i dont print up another trillion dollars this month, we will collapse anyway. Actually I am the economy, so uhhh the GDP is dropping 1/10th of a percent every hour im in this room.. so can i get back to work please?

senator: sure wow there goes the savior of the world~ :grum::grum:

[смешно]

вроде третья волна, если елиоты правы, тогда 2012 год... кароче :vesh:

Bad news: Jobs market getting worse

http://money.cnn.com/2009/10/02/news/economy/jobs_september/index.htm?postversion=2009100208


Ровно год назад:

http://forum.russianamerica.com/f/showpost.php?p=2680752&postcount=33

[Alechko]

And at 9000 DOW, all the mom and pops start getting sucked back in. By 9800, they'll be adding to their long positions.

At 10000, the sucker would be ripe for a smackdown of course...and they lose again....

[Alechko]

Warren: Housing Market Getting Worse
Posted Oct 16, 2009 12:11pm EDT by Aaron Task in Recession, Banking, Housing

There's been a lot of talk lately about a recovery in the housing market – even reports of bubbles re-inflating in certain markets.

Elizabeth Warren, chair of the Congressional Oversight Panel, isn't buying it.

"We see things getting worse in the housing market," Warren says, citing the pernicious effects of foreclosures, which rose 5% in the third quarter to a total of 937,840, according to RealtyTrac.

"The long-term impact of high foreclosure rates on our housing market and overall economy would be disastrous," Warren warns, citing estimates that 10 to 12 million U.S. homes could ultimately go into foreclosure. "We have to get foreclosures under control."

Why the sense of urgency? A single foreclosure property brings prices down an average of $5000 for every house in a two-block radius and costs investors an average of $120,000, she says.

In its most recent report, Warren's panel criticized the Treasury's foreclosure modification efforts as "inadequate" and "targeted at the housing crisis as it existed six months ago, rather than as it exits right now."

Specifically, the Treasury program is targeted at subprime borrowers hit with ballooning mortgage payments vs. prime borrowers hit by job losses. As for the "morality question" of whether the government should be bailing out homeowners, Warren says "I'm passed that," noting "there's plenty of unfairness to go around."

[Alechko]

Dent: Big Crash Coming, Stick With Cash

http://moneynews.newsmax.com/headlines/dent_deflation_cash/2009/10/19/273853.html

[Alechko]

So...HOW BAD OFF IS THE ECONOMY CURRENTLY? HERE'S A HUMOROUS AND THEN A SERIOUS GROUP OF ANSWERS.

The economy is so bad that I got a pre-declined credit card in the mail.

It's so bad, I ordered a burger at McDonnell's and the kid behind the counter asked, "Can you afford fries with that?"

The economy is so bad that CEO's are now playing miniature golf.

The economy is so bad if the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.

The economy is so bad Hot Wheels and Matchbox stocks are trading higher than GM.

The economy is so bad McDonnell's is selling the 1/4 ouncer.

The economy is so bad parents in Beverly Hills fired their nannies and learned their children's names.

The economy is so bad a truckload of Americans was caught sneaking into Mexico .

The economy is so bad Dick Cheney took his stockbroker hunting.

The economy is so bad Motel Six won't leave the light on anymore.

The economy is so bad the Mafia is laying off judges.

The economy is so bad Exxon-Mobil laid off 25 Congressmen.

And finally...Congress says they are looking into this Bernard Madoff scandal.

:grum:

http://www.istockanalyst.com/article/viewarticle/articleid/3559981

[Vinn]

Dent: Big Crash Coming, Stick With Cash

http://moneynews.newsmax.com/headlines/dent_deflation_cash/2009/10/19/273853.html

чтоб не впадать в панику:

1. $14 trillion consumer debt сравним с месячным $12.5 trillion personal income.
2. U.S. Savings Rate at Highest Point in 15 Years

этот кэш может скоро из ушей полезет, а автор статьи лохов разводит?

[Alechko]

чтоб не впадать в панику:

1. $14 trillion consumer debt сравним с месячным $12.5 trillion personal income.
2. U.S. Savings Rate at Highest Point in 15 Years

этот кэш может скоро из ушей полезет, а автор статьи лохов разводит?

такое соотношение debt/ income or debt/ GDP (270%) было в 30-х vs current 300%, ну и ладно история покажет


PS а то что MONTHLY personal income - $12.5T almost the same as YEARLY GDP $14.3T... :grum: (Yearly personal income is 1000% of GDP)

[Alechko]

NewMarket Technology, Inc. Update on Dividends and National Exchange Listing Includes Answers on Recent Contracts and Issued and Outstanding Questions

0.27$ pps

http://www.newmarkettechnology.com/newsreleases/news-20090917_2.htm

DALLAS, TX--(Marketwire - September 17, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) has released the previously announced on-demand Webcast discussing progress made year-to-date and next steps towards aligning the Company's operational and financial performance with the market share price. Management believes the Company is currently undervalued and has previously announced a near-term goal to realize a suggested fair value target price per share of $1.00 and as high as $2.50.

Since 2002, NewMarket operations have expanded from reporting approximately $1 million in annual revenue to over $95 million in revenue in 2008. The Company has reported over $43 million in profitable revenue for the first six months of 2009. Historically reporting increased revenues in the second half of the year, the Company has set a $100 million profitable revenue forecast for 2009.

NewMarket Dividend and Upgraded Listing Webcast

The Webcast covers the previously announced dividend plan and the Company's plan to upgrade its public listing to the OTCQX. The move to the OTCQX (www.otcqx.com) is considered a first step toward a NASDAQ or NYSE listing for the Company. NewMarket is already a fully-reporting public company with audited financial reports filed with the SEC.

Additional progress updates include the Company's Greenfield program and milestone successes toward improving its recurring revenue base through garnering longer-term service contracts. This year, the Company has already announced an approximate $65 million in new sales contracts to include a $30 million contract signed with Beijing Chuangzhitongda Technology Development and a $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A.

A link to the Webcast titled 'NewMarket Dividend and Upgraded Listing Webcast' is available on both the corporate website homepage and investor relations page at www.newmarkettechnology.com.

[Alechko]

this is a time for bulls to pay the piper
http://medical-tools.com/veterinary/images/products/castration/castration-instruments3.jpg
Fed Study Warns Subprime Mortgages Are At "Pre-Crisis Levels."
AFP (10/26) reports a study released Monday by the Federal Reserve of San Francisco shows that the "market share of subprime US home mortgages, which caused the collapse of the housing market at the epicenter of the financial crisis, has returned to pre-crisis levels," with about all of the loans "now owned or guaranteed" by the government. Subprime borrowers, "usually lacking good credit histories, find it nearly impossible to obtain mortgage loans from mainstream lenders." But since the January-March period of 2008, "increased FHA (Federal Housing Administration) lending... has revived this segment of the market," bank senior economist John Krainer said, adding that after "plummeting in early 2008, the share of borrowers with FICO credit scores lower than 660 has returned to just higher than 20 percent, the same share as when subprime securitization peaked in 2006."

[Alechko]

еще одна свинья накрылась

the BBQ time

CIT files for Chapter 11 bankruptcy protection
http://cit.com/media-room/press-releases/index.htm

http://bnp.org.uk/files/2008/11/pork-sausages.jpg

[смешно]

Мнда...куда бы кэш вложить...? вот вопрос.

[Vinn]

Мнда...куда бы кэш вложить...? вот вопрос.

в железнодорожный транспорт.
следи за правильными инвесторами

[Alechko]

Мнда...куда бы кэш вложить...? вот вопрос.

а ты не боишься? :titanik:

[Astrix]

Сiti купил 3140 шт по 3,18 :smoke:

[Alechko]

Сiti купил 3140 шт по 3,18 :smoke:
diluted...

[Astrix]

diluted...
уже в + се :-D

[Alechko]

http://forum.russianamerica.com/f/showpost.php?p=3171991&postcount=681
http://forum.russianamerica.com/f/showpost.php?p=3204170&postcount=710
WAMPQ hits $100

http://www.squibble.org/art/animate/dancingtogababy2.gif

[metalhammer]

народ, кто сейхас что покупает? маркет сейчас на подеме. облажался сегодня на [AT&T]...у чего какие перспективы?

[Alechko]

народ, кто сейхас что покупает? маркет сейчас на подеме. облажался сегодня на [AT&T]...у чего какие перспективы?

ты как торгуеш?

[metalhammer]

ты как торгуеш?

day trade.

[Alechko]

day trade.

check FAZ, now @ $16.70

[metalhammer]

check FAZ, now @ $16.70

thanks. what do you think it`s gonna be like today for the likes of MSFT, INTC, MS, HAL and YUM Brands?

[Alechko]

thanks. what do you think it`s gonna be like today for the likes of MSFT, INTC, MS, HAL and YUM Brands?

nobody knows, no one

btw: i don't trade godzillas

[Alechko]

check FAZ, now @ $16.70

FAZ is close to $20, metalhamer: I guess you bought it :34:

[Alechko]

если тко-то инвестировал в преф. P or K of WAMU это самое время расмотреть арбитраж с коммон wamuq.pk
напомню что серии P в октябре стоили $1.3-$2 сейчас $80
K was $0.1, now they are around 2.5-3
H стоили pennies сейчас $26
это достаточно рискованно, но 20-30% стоить пустить на арбитраж
good luck, wamu long and strong

[Alechko]

если тко-то инвестировал в преф. П ор К оф ЩАМУ это самое время расмотреть арбитраж с коммон щамуэ.пк
напомню что серии П в октябре стоили $1.3-$2 сейчас $80
К щас $0.1, нощ тхеы аре ароунд 2.5-3
Х стоили пенниес сейчас $26
это достаточно рискованно, но 20-30% стоить пустить на арбитраж
гоод луцк, щаму лонг анд стронг

WAMUQ после того как судья оправдал EC WAMUQ stocks выросли from 0.13 to 0.21

glta longs!

[Паша]

Цитата 07/30/2008:

свои личные данные на форум не выношу
а так зависит от стратегии, чуйства рынка и потраченого времени
дэйли трэйдерс который сочитают лонг/шорт/техникал и фандаментал в среднем 1-3% в день
професионалы do 5-7%
Цитата 08/01/2008

я не открыл эту тему год или 5лет тому назад когда каждый идиот делал деньги
сегодня маркет падает, июнь - один из страшних месяцев (июней) со времен великой депресии
делать деньги в сегодняшем маркете - искуство
через пол года - год я не буду здесь писать
потому что все, практически 99% будут делать бабки
Alechko, интересно, что изменилось в вашем подходе, тактике и знаниях за последние полтора года?

[Alechko]

Цитата 07/30/2008:

Цитата 08/01/2008

Алечко, интересно, что изменилось в вашем подходе, тактике и знаниях за последние полтора года?

абсолютно ничего, приблезительно через полгода начиная с августа 2008, говорим о феврале 2009, все кто был лонг, сделали бабки независимо куда ивестировали деньги

если тебя интересуют личные показатели - я их не обсуждаю даже с ближайшими родственниками

[Паша]

абсолютно ничего, приблезительно через полгода начиная с августа 2008, говорим о феврале 2009, все кто был лонг, сделали бабки независимо куда ивестировали деньги

если тебя интересуют личные показатели - я их не обсуждаю даже с ближайшими родственниками
Alechko, я могу вытащить финансовые сводки за последние десятилетия и самостоятельно посмотреть кто и какую прибыль/убыток получил, сделав лонг или шот ставки. И ваши личные показатели меня абсолютно не интересуют.
Вопрос был совсем другой, и очень грустно, что Вы за своими цифрами-показателями не улавливаете даже его суть.

[Alechko]

Алечко, я могу вытащить финансовые сводки за последние десятилетия и самостоятельно посмотреть кто и какую прибыль/убыток получил, сделав лонг или шот ставки. И ваши личные показатели меня абсолютно не интересуют.

молодец


Вопрос был совсем другой, и очень грустно, что Вы за своими цифрами-показателями не улавливаете даже его суть.
Паша эта цитата да и сам вопрос это демагогия, а я ее игнорирую
хорошая комедия, или трава попожет Вам понять настроение
если неt ничего конкретного добавить по теме - тогда в сад

[Alechko]

Watchdog: Bailouts Created More Risk in System

Bailout watchdog: Response to financial crisis response leaves US with even more risk
By DANIEL WAGNER
The Associated Press
WASHINGTON



The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.

The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.

"Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car," Barofsky wrote.

Since Congress passed $700 billion financial bailout, the remaining institutions considered "too big to fail" have grown larger and failed to restrain the lavish pay for their executives, Barofsky wrote. He said the banks still have an incentive to take on risk because they know the government will save them rather than bring down the financial system.

Barofsky also said his office is investigating 77 cases of possible criminal and civil fraud, including crimes of tax evasion, insider trading, mortgage lending and payment collection, false statements and public corruption.

One case concerns apparent self-dealing by one of the private fund managers Treasury picked to buy bad assets from banks at discounted prices. A portfolio manager at the firm apparently sold a bond out of a private fund, then repurchased it at a higher price for a government-backed fund. A rating agency had just downgraded the bond, so it likely was worth less, not more, when the government fund bought it. The company is not being named pending the outcome of Barofsky's investigation.

Barofsky renewed a call for Treasury to enact clearer walls so that such apparent conflicts are less likely.

Treasury said it welcomed Barofsky's oversight but resisted the call to erect new barriers against conflicts of interest. The new rules "would be detrimental to the program," Treasury spokeswoman Meg Reilly said in a statement. The existing compliance rules "are a rigorous and effective method of protecting taxpayers," she said.

Much of Barofsky's report focused on the government's growing role in the housing market, which he said has increased the risk of another housing bubble.

Over the past year, the federal government has spent hundreds of billions propping up the housing market. About 90 percent of home loans are backed by government controlled entities, mainly Fannie Mae, Freddie Mac and the Federal Housing Administration.

The Federal Reserve is spending $1.25 trillion to hold down mortgage rates, and millions of homeowners have refinanced at lower rates.

"The government has stepped in where the private players have gone away," Barofsky said in an interview. "If we take government resources and replace that market without addressing the serious (underlying) concerns, there really is a risk of" artificially pushing up home prices in the coming years.

The report warned that these supports mean the government "has done more than simply support the mortgage market, in many ways it has become the mortgage market, with the taxpayer shouldering the risk that had once been borne by the private investor."

Barofsky's report echoed concerns raised by housing experts in recent months, as home sales and prices rebounded. They warn that the primary reason for the turnaround last year has been billions of dollars in federal spending to lower mortgage rates and prop up demand.

Once that spigot of cash is turned off, they caution, the market will be vulnerable to a dramatic turn for the worse. Daniel Alpert, managing partner of investment bank Westwood Capital, wrote in a report that national home prices are bound to fall 8 to 10 percent below the lows of last spring.

"The lion's share of the remaining decline will occur in markets that saw sizable bubbles but have not yet retrenched," he wrote.

Officials from the Obama administration counter that massive federal intervention has helped the housing market stabilize and prevented more dire consequences.

Barofsky's report also disclosed that, while the Obama administration has pledged to spend $75 billion to prevent foreclosures, only a tiny fraction — just over $15 million — has been spent so far. Under the Making Home Affordable program, only about 66,500 borrowers, or 7 percent of those who signed up, had completed the process as of December.

He said the key to preventing future crises is to reform Fannie Mae and Freddie Mac, create and improve loan underwriting and supervision of banks. He stopped short of endorsing specific proposals for overhauling financial regulation, but said many of the proposals would go far to improving the system.


Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

:hmm: DOW is going to 5000

[Alechko]

How Politics Caused Fiscal Disaster
MINYANVILLE STAFF JAN 29, 2010 1:00 PM
And how central banks threaten prosperity by printing money backed by nothing.





Editor's Note: This article was written by David Stockman, who was elected to U.S. House of Representatives for the 95th Congress and was reelected in two subsequent elections, serving from January 1977 until his resignation January 1981. He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century. After leaving government, Stockman joined Wall St. investment bank Salomon Bros. and later became a founding partner at New York-based private equity firm, The Blackstone Group. He left Blackstone in 1999 to start his own private equity fund, Heartland Industrial Partners, L.P., based in Greenwich, CT.


My proposition today is that we’re in a fiscal calamity caused by the further, and perhaps, final triumph of politics. Admittedly, I issued this very same forecast awhile back -- 23 years ago to be exact. But I’m not reluctant to try again. Having read Grant’s continuously since 1988, I’ve learned there’s no shame whatsoever in being early -- even often!

The Triumph of Politics was published early, mainly in the unflattering sense that I’d not completed my homework. I was hip to statist fiscal and regulatory evils, but had only dimly grasped the Austrian masters’ wisdom on money; that is, in printing money backed by nothing, central banks inherently threaten prosperity. So today I’ll add the proposition that fiscal decay is the inevitable step-child of the very monetary rot that the Austrians -- Mises, Hayek, Rothbard -- so deplored.

My tardiness on money perhaps owes to the Reagan Revolution’s disinterest. Secretary Don Regan averred that sound money could be readily attested by the height of the Dow while his deputy, a monetarist, gauged it by the width of M2.

Even Alan Greenspan, that is, Greenspan version 1.0, urged not to worry. Gold, he assured Ronald Reagan, was meant to anchor -- not the Fed’s actual balance sheet, but something more ethereal, like perhaps its state of mind.

My libertarian screed thus omitted money while cataloging the Reagan Revolution’s lesser shortcomings. These included gargantuan deficits, subsidies for favored Republican constituencies like farmers, homebuilders and exporters, a complete whiff on entitlements, and protectionism for dying industries like steel and textiles -- even for a motorcycle company whose ticker symbol, fittingly, was HOG.

Then, too, there were tax giveaways to real estate, oil and gas, and, come to think of it, to any other worthy industry with the foresight to hire a pair of Gucci loafers domiciled on K-street. On top of this, came the big defense budgets at a peacetime record 7% of GDP. Deep Federal deficits thus stretched as far as the eye could see.

Yet, I didn't perceive that this already alarming fiscal ledger would be further aggravated by two looming tectonic shifts. Oddly enough, these financial temblors were rooted in history’s most consequential pair of train cars.

The first was the sealed car that took Lenin to Moscow in 1917 -- a 75-year trip to hell and back that finally ended in 1991 when a Moscow politician, whose normal confrontations were with a Vodka bottle, was inspired to mount a Soviet tank and command the Red Army to stand down. Promptly thereupon the US defense budget was stood down, too, dropping overnight to approximately 3% of GDP -- half its prior size. This unexpected game changer coupled with marginal tinkering on taxes and spending computed out to a balanced budget. Soon enough, the fiscal all-clear horn was sounded by no less than Wall Street’s own money man, Secretary Rubin.

In fact, the fiscal equation was just then tumbling into a fatal descent. And it is here -- let’s pinpoint the exact date at Greenspan’s “irrational exuberance” call in December 1996 -- where the Austrian men separate themselves from the Keynesian and Friedmanite boys. The latter continued to quibble about how to measure money, whether it was growing too fast or slow and if more or less financial regulation was needed.

Peering through a different frame, however, the Austrian notes that US money GDP was about $10.0 trillion at the time the Maestro let his exuberant cat out of the bag. Under an honest monetary regime this nicely rounded number might have stalled-out indefinitely -- owing to the Great East Asian Deflation just then gathering a head of steam.

The truth is, the extraordinary force of economic nature represented by the mercantilist export machine that sprung up in East Asia in the late 20th century was profoundly deflationary. Absent puffed-up domestic credit, the in-coming Asian trade would have flattened American employment, wages, incomes and prices. In so doing, it would have kept money GDP bottled-up at around $10 trillion, thereby denying the next decade’s debt-fueled rise in both output and prices which took money GDP to $14 trillion.

By Austrian lights, then, this $4 trillion difference represents counterfeit GDP, owing to the false conversion of unsupportable borrowings into current income -- debt which is now being forcibly liquidated. This bubble-driven inflation of money GDP also caused government revenues to swell unsustainably, thereby camouflaging for more than a decade the fiscal deficit’s actual, far more frightful, aspect.

There's no mystery in this contra-factual history. With money anchored to a standard, say gold, the armada of containerships steaming from the Pacific Rim into Long Beach would have brought massive trade deficits, but also would have set in motion their own correction. Taking flight in the opposite direction, gold bullion, not paper dollars, would have been on the backhaul to East Asia.

In turn, an old-fashioned drain on America’s gold would have obviated a lot of fatuous jawing about the Chinese being seven-feet-tall economically or excessively addicted to an alleged financial opium called “over-saving." Instead, without need for a single meeting of the open market committee, the loss of gold would have presently caused a sharp contraction of domestic bank reserves, a shrinkage of loans by an approximate 10 times multiple thereof and a sharp rise in the rate of interest on the dollar markets.

Admittedly, consumption, imports, money wages, jobs and cost-bloated domestic enterprises would have all been laid low by such hard money discipline. But having thus been put to the mat, a nation of aging and now over-priced workers -- and bankers, too -- wouldn't have found it expedient to live high on the hog. Instead, they would have discovered the “new normal” of higher savings, fewer credit cards, lower consumption, and slimmer paychecks -- all on their own and about a decade sooner. It goes without saying that believers in the elixir of counterfeit money and credit, which is to say Keynesians, monetarists, and Goldman Sachs (GS) partners, will dismiss all this as flat-earth doctrine -- fossilized ideas pre-dating the discovery of government’s wondrous power to manage the macro-economy.

Still, a doctrine that holds out the state as an agent of economic betterment suffers from some deep flaws of its own. Decades of experience show, for example, that fiscal stimulus is an exercise by which one class and region steals from another. But the worse flaw is the hallowed central bank doctrine that deflation is always bad. In fact, wrong-headed deflation fighting is what generated the boom of the 1920s and the subsequent bust -- a scenario repeated almost exactly during the last decade.

The famous quote from "Bubbles Ben" about the Fed at Milton Friedman’s 90th birthday is thus replete with irony. Said Bernanke in November 2002: “You’re right. We did it. We’re very sorry...we won’t do it again.” But the Fed did it again, generating the most massive speculative bubble ever. And this time the Fed even assured that if a bubble should ever break, it would stand ready to -- well -- rinse and repeat!

Here, the Austrians note that the central bankers' allergy to deflation is rooted not in sound economics, but in weak politics; in the catering to the pressures of promoters, speculators and borrowers. In fact, the Austrians showed that deflations owing to powerful secular cost-reduction trends -- whether based on new technologies, new economic geographies, or new forms of enterprise -- are healthy. They raise real incomes and wealth, even as they cause commodity prices to fall.

Thus, the East Asian export machine far outranked every other cost-crasher in recorded history. It bested the Internet, Walmart (WMT), Henry Ford’s moving assembly line, central station electric power, the railroads, canals, the steam engine, the spinning jenny, and, while we're at it, let’s throw in the wheel, too!

The Fed’s strategy in the face of the Great East Asian Deflation, then, was exactly upside down. It should have raised interest rates and liquidated credit in order to encourage a deflation of domestic wages, prices, and corporate cost structures which were no longer competitive or viable in the new global markets. But by keeping interest rates absurdly low on the pretext that the “core” CPI Index was, as it was pleased to say, “well-anchored," the Fed thwarted the fundamental economic adjustments that were vital for the American economy to regain its footings.

[Alechko]

The “panic of 2008," therefore, wasn't a random policy error, nor was it caused by the machinations of overly-bonused bankers. In fact, the massive quantities of unsupportable debt and the vast malinvestments in housing, banking, shopping malls, office buildings, and Pilates studios, too, which came crashing down last September, were rooted in history’s other star-crossed rail car. That was the gilded club car which in November 1910, had secretly whisked away Senator Nelson Aldrich and his coterie of Morgan, Rockefeller and Kuhn Loeb bankers to a duck-hunting blind on Jekyll Island, Georgia.

The truth is, the monster that was hatched there -- the Federal Reserve System -- has always been an instrument of politics; that is, the politics of the speculative classes, whether domiciled on Wall Street, Main Street, or the Agrarian plains. Let the political chatter get fevered enough about unfairly “low” prices for goods, grains, or labor and there's invariably been a new theory and willing maestro at the Fed to print-up some easy credit. My thesis today is that monetary rot underpins fiscal decay, but that’s not to gainsay the complicity of Capitol Hill and the White House in the march to budgetary ruin -- particularly the complicity of the type of Republican Whiggery which emerged after the 2000 election.

The truth is, just as the Great East Asian Deflation called for monetary hardening, not ease, it also warranted a large increase in national savings -- including public sector surpluses. But by then there had been assembled in Karl Rove’s political assault camp, a coalition of the neo-cons, the social-cons, the tax-cons and the just-cons. None of them gave two hoots about real fiscal discipline.

The neo-cons postured as big-time thinkers, articulating a lofty policy case for an American Imperium. But unlike real imperialists, the neo-cons had nothing to say about the crucial issue of war finance.

Indeed, since DOD couldn’t seem to keep a pipeline open in the planet’s second richest oil province, the neo-cons couldn't even fallback on the imperialist’s traditional gambit of looting the colonies. Obviously, the real answer was a war tax -- especially since the war at issue was an elective. But that idea was anathema in Karl Rove’s assault camp, so the neo-cons simply ignored the fiscal consequence of the multi-hundred billion annual drain on the treasury their policies entailed. War finance, it seems, was relegated to the GOP’s all-purpose folklore -- the myth that lower taxes and more growth would cover any fiscal hole.

The tax cons, for their part, did not even think about fiscal policy; they issued Papal Edicts. Consequently, a kernel of truth -- the notion that lower marginal tax rates are economically beneficial -- became ensnared in a body of debatable doctrine, even outright claptrap.

Foremost among the latter is the alleged absence of a correlation between deficits and either interest rates or real growth. Fine. If that’s the test, let’s abolish taxes completely and put the Federal government on a regimen of 100% bond finance.

Likewise, the tax-cons have shamelessly misapplied evidence that a lower capital gains rate did generate higher revenue. True, these cuts sped the realization of gains already extant, but that has nothing to do with the revenue impact from lowering or raising rates on 95% of what we actually tax; that is, accrued payrolls and earned income.

Not technical quibbles, these points highlight the folly of elevating tax-cutting to the status of religious writ. Indeed, unwilling to cut spending by so much as a single veto in eight years, the Bush Administration needed to get revenue raising on the table as a matter of pure math. But the tax-cons, having totally befuddled what passes for GOP fiscal thinking, were able to drive the herd in just the opposite direction, slashing Federal revenues twice more during the Bush fiscal debauch. The profound financial danger, therefore, is that there's no longer in the United States a conservative fiscal opposition even worthy of the name.

Moreover, this fiscally perilous condition continues to be exacerbated by the tattered remnants of Karl Rove’s political assault camp. The social-cons, relentless as ever in their bible-thumping and immigrant-bashing, help to elect real socialists, as often as not. And the just-cons continue to turn fiscal responsibility into a bad joke. Last election, 85% of the American people were against the abomination called TARP. But on that central issue, the Republican standard bearer went radio silent while chattering endlessly about appropriations earmarks. But taken together, those 8,000 earmarks add-up to just 15 hours of annual Federal spending. The needless bailout of Wall Street engineered by Bubbles and the Henry "Hammer" Paulson, by contrast, destroyed forever any residual will to control spending that remained on Capitol Hill.

So now there are no fiscal rules. None. Cash for clunkers -- and for pig farmers, homebuilders, real estate speculators, and GE’s (GE) green machines, too -- will never stop flowing. Eventually -- perhaps soon -- there will be more Treasury bonds to sell than the world’s shrinking base of dollar holders can possibly absorb.

Then the Big Panic will come. In the event, some will look back and wonder why we destroyed our capacity for fiscal governance in order to save the likes of AIG (AIG), Citibank (C), and especially Goldman during the comparatively minor disorder of September ’08. Certainly, the so-called “systemic risk” will have been exposed for the cover story it was.

None of AIG’s alleged CDS time bomb, for example, really mattered. The European banks who were wrapping dodgy assets with AIG’s bogus AAA cover would have gotten bailed out by their own socialist governments, anyway. For Goldman, the loss would have meant six months of bonus accruals. For the big insured US depositories, losses would have meant their Sheila-gram would have come sooner, rather than later.

Then there's the specious claim that the money market funds would have come unglued. Well, they did, and investors in the largest of them, the Reserve Primary Fund, appear to be getting about 98 cents on the dollar -- the Lehman losses and all

The question thus presents itself: Did a few thousand institutional money managers who should have been watching out for their own risk -- especially the kind which accompanied black box enhanced yield -- really need to be spared even two cents of loss?

Here, it's said that it wasn’t the two cents of money fund loss but the $2 trillion of commercial paper it funded which was the real systemic risk -- even down to the specter of skipped payrolls, had the paper been unable to roll. Let’s see. About a trillion of that commercial paper was credit card, auto, and other types of ABS -- the financial equivalent of a twice-baked potato. Had it not rolled, no one would have repossessed the autos or refused a Visa (V) authorization. Instead, the underlying bank issuers would have found new credit card loans building up on their balance sheets -- a modest bulge that they could have readily funded with virtually free consumer deposits.

Another $300 billion was industrial commercial paper. It’s a good thing no senator ever asked the Hammer to name even a single industrial issuer that couldn’t have funded expiring paper out of its back-up credit lines. He couldn’t have answered.

That leaves about $700 billion of Finance company paper -- a goodly portion of which was accounted for by the likes of GE Capital, Household Finance, GMAC and CIT (CIT). Here the lessons taught by JP Morgan himself, ninety-nine years earlier almost to the date, are more than instructive. Wishing not to allow undercapitalized brokers, who had gone all-in speculating on margin loans, to go unpunished, Morgan allowed the call loan rate to soar to 30%, even more, on some days during the panic of 1907.

Needless to say, loan books resting on 30% overnight money, not real capital, got liquidated and fast. While the economic sky didn't fall thereafter, more than a few holders of the brokers’ junior debt and equity capital got rudely torched.

Nevertheless, ten decades later came the panic of 2008, and GE Capital, like the feckless brokers of JP Morgan’s time, found itself caught short with $100 billion of commercial paper propping up its $ 700 billion of asset footings. Yet we're now supposed to believe that capitalism’s very foundation had become so frail that GE couldn't be allowed to take the required haircut for its foolish asset/liability mismatch. Well, we shouldn’t believe the financial system would have gone tilt had taxpayers not propped up GE’s shares and debentures because the claim simply isn’t believable.

Thus, “systemic risk” was but a fig leaf for aggrandizement of the state, and especially its central banking branch. The resulting waste of resources and ballooning of moral hazard was palpable. But the real cost was in the final destruction of political discipline which resulted from the mad rush to TARP.

The Bush era had already aggravated the nation’s fiscal predicament immeasurably. Now the few remaining fiscal stalwarts still in the trenches, such as Senators Shelby and Bunning, were fragged from behind by their own officers. And now, too, the Democrats and socialists had every place to run and no need, politically, to hide even their most wanton raids on the Treasury.

[esmoker]

I apologise, but, in my opinion, you are mistaken. I can prove it.

Electronic Cigarette Review (http://www.cimethics.org/forum/memberlist.php?mode=viewprofile&u=10598)
Electronic Cigarette (http://www.idr.edu.vn/diendannghiencuu/member.php?u=6054)
E-Cigarette Review (http://www.hamerkazhaisraeli.org/forums/member.php?u=3609)

[Alechko]

March summary for wamu, here is the last filing with DC (http://www.ghostofwamu.com/documents/09-01743/09-01743-0103.pdf)
DC Court Insurance Co. vs JPM/FDIC postponed until March (proposed)
DC Court Deutsche Bank vs FDIC postponed until March (signed)
Delaware Appeals Court hearing in March
Delaware BK Court expected order approving Summary Judgement for Turnover of Deposit Accounts in March

[Alechko]

http://forum.russianamerica.com/f/showpost.php?p=2704222&postcount=462
WAMUQ поднялся до 0.3 на этой неделе, следующий месяц должен быть очень интересным
удачи всем!

[Alechko]

10-K was filed by the jpig last week http://files.shareholder.com/downloads/ONE/738353475x0xS950123-10-16029/19617/filing.pdf
while looking for the key words, I get a firm grasp regars to the mesage delivered to jpig's shareholders "JPM is guilty as sin and basically screwed up.
The management reserves the right to fix the mess with other peoples money (the Bagholders, err, ShareHolders)".
- We cannot assure you that as our integration efforts continue in connection with these transactions, other unanticipated costs or losses will not be incurred.
- Other proceedings related to Washington Mutual’s failure also
pending before the United States District Court for the District of
Columbia include a lawsuit brought by Deutsche Bank National
Trust Company against the FDIC alleging breach of various
mortgage securitization agreements and alleged violation of certain
representations and warranties given by certain WMI subsidiaries in
connection with those securitization agreements. JPMorgan Chase
has not been named a party to the Deutsche Bank litigation, but
the complaint includes assertions that JPMorgan Chase may have
assumed certain liabilities.
- We face significant legal risks, both from regulatory investigations and proceedings and from private actions brought against us. We are named as a defendant or are otherwise involved in various legal proceedings, including class actions and other litigation or disputes with third parties, as well as investigations or proceedings brought by regulatory agencies. Actions brought against us may result in judgments, settlements, fines, penalties or other results adverse to us, which could materially adversely affect our business, financial condition or results of operation, or cause us serious reputational harm. As a participant in the financial services industry, it is likely we will continue to experience a high level of litigation and regulatory scrutiny and investigations related to our
businesses and operations.

[Alechko]

WMI Appeals (http://www.ghostofwamu.com/documents/09-00734/09-00734-0025.pdf) Response

[metalhammer]

shorts must be doin good now, huh? :)
i hate the market at the time.

[Alechko]

wamu rumors so far, anyhow, keep fingers crossed

"Application to Employ, Nunc Pro Tunc to February 12, 2010, Peter J. Solomon Company as Financial Advisor and Consulting Expert Filed by Official Committee of Equity Holders. Hearing scheduled for 4/6/2010 at 02:00 PM at US Bankruptcy (Sandler, Bradford) (Entered: 03/02/2010)"

[Alechko]

если тко-то инвестировал в преф. П ор К оф ЩАМУ это самое время расмотреть арбитраж с коммон щамуэ.пк
напомню что серии П в октябре стоили $1.3-$2 сейчас $80
К щас $0.1, нощ тхеы аре ароунд 2.5-3
Х стоили пенниес сейчас $26
это достаточно рискованно, но 20-30% стоить пустить на арбитраж
гоод луцк, щаму лонг анд стронг

арбитраж стоил свеч

wampq - left intact
wamkq - same, no change
wamuq - rose from 0.13 to 0.40

GLTA LONGS!

[fduch]

арбитраж стоил свеч

wampq - left intact
wamkq - same, no change
wamuq - rose from 0.13 to 0.40

GLTA LONGS!

сморю за твоими прогнозами, потом за рынком - акшин отдыхает ))))

что там на след неделю интересного?

[Alechko]

сморю за твоими прогнозами, потом за рынком - акшин отдыхает ))))

что там на след неделю интересного?

абсолютно ничего, очередной лотерейный билетик: люман траст преферред

закончи ДД и гуд лак :34:

ps: keep watching wamu!!!

[fduch]

абсолютно ничего, очередной лотерейный билетик: люман траст преферред

закончи ДД и гуд лак :34:

ps: keep watching wamu!!!

what is DD ? :shock:

[Alechko]

what is DD ? :shock:

due diligence

[Alechko]

Lehman Brothers Holdings Capital Trust :
LEHKQ
LEHNQ
LEHLQ
LEHMQ
you might catch these guys around $0.3 pps as of today, good luck!

ps: face value - $25

[Венцель]

Для любителей легких ощущений :
MNKD - MannKind . Pharma. Inhaled insulin about to get approved. Great results from trials. FDA is all for it, just needs to clear a European plant which make insulin.
VHC - Suing Microsoft for patents infringement of their VPN technology. Trial started today. Company can get up to 1-2 billion judgement + royalties.
Do your DD and good luck

[Alechko]

Для любителей легких ощущений :
MNKD - MannKind . Pharma. Inhaled insulin about to get approved. Great results from trials. FDA is all for it, just needs to clear a European plant which make insulin.
VHC - Suing Microsoft for patents infringement of their VPN technology. Trial started today. Company can get up to 1-2 billion judgement + royalties.
Do your DD and good luck

113.00 Mil shares * 10pps = $1.3b
all judgements are priced in, insiders sell this stock as crazy

02/25/10 THOMSON DAVID Sold 3,637 $9.81 35,663.70
02/18/10 THOMSON DAVID Sold 3,636 $10.02 36,420.36
02/17/10 PFEFFER MATTHEW J Sold 6,300 $10.00 63,000.00
02/17/10 PFEFFER MATTHEW J Exercise 6,300 $1.44 9,072.00
02/17/10 PFEFFER MATTHEW J* Sold 6,300 $10.00 63,000.00
02/17/10 PFEFFER MATTHEW J* Exercise 6,300 $2.86 18,018.00
02/17/10 PALUMBO DIANE M Sold 15,000 $10.05 150,687.00
02/11/10 THOMSON DAVID Sold 3,636 $9.50 34,555.82
02/04/10 THOMSON DAVID Sold 3,636 $9.01 32,748.00
01/14/10 MARTENS JUERGEN A Sold 3,689 $9.00 33,201.00
01/14/10 RICHARDSON PETER C Sold 22,717 $10.00 227,170.00
01/04/10 MARTENS JUERGEN A Sold 10,000 $9.00 90,000.00
12/21/09 MARTENS JUERGEN A Sold 5,000 $9.45 47,250.00
12/18/09 MARTENS JUERGEN A Sold 55,000 $9.00 495,000.00
11/06/09 PALUMBO DIANE M Sold 5,000 $5.70 28,510.00
10/08/09 COHEN ABRAHAM EZEKIEL Gift 3,334 NA NA
09/24/09 THOMSON DAVID Sold 6,852 $10.34 70,851.05
09/17/09 THOMSON DAVID Sold 6,849 $9.73 66,652.41
09/10/09 THOMSON DAVID Sold 6,849 $8.95 61,282.11

:grum:

[Alechko]

арбитраж стоил свеч

wampq - left intact
wamkq - same, no change
wamuq - rose from 0.13 to 0.40

GLTA LONGS!

wamuq: $0.55

this is the time to exercize reverse arbitrage - back to preferred
wampq - $80's
wamkq - $2.5

[Венцель]

113.00 Mil shares * 10pps = $1.3b
all judgements are priced in, insiders sell this stock as crazy

:grum:

MNKD is waiting for FDA approval, not for a judgement. Insiders hold 46 million shares. they sold 165k (0.3 of 1%) in the last 6 months. this is not considered selling like crazy. If they will be selling 1 bil a year of the drug the market cap should be at 4 bil.

[Венцель]

VHC vs MSFT trial. this id from the person present today in the court room:

"VirnetX's lawyer (McKool Smith) spoke of damages and reasonable royalties in his opening statement to the Jury, VHC is seeking $1 Billion to $2 Billion - just for infringement of the 135 patent. VHC is also seeking another $1 to $2 Billion for infringement of the 180 patent.

So, VHC is in fact asking the jury for $2 to $4 billion in damages, which is only 1/3 to 2/3 of 1% of the $$$ MSFT allegedly made (in net profits) from its alleged use/infringement of VHC's two patents.

And, there appear to be ample facts to support willful infringement against Microsoft. If a Jury finds willful infringement, Judge Davis can award "enhanced damages," which means he can increase the jury's damages award up to 3x.

Judge Davis can also add hundreds of millions in pre-judgment interest, post-judgment interest, in sanctions for future infringement, and for attorney fees. "

[Alechko]

MNKD is waiting for FDA approval, not for a judgement. Insiders hold 46 million shares. they sold 165k (0.3 of 1%) in the last 6 months. this is not considered selling like crazy. If they will be selling 1 bil a year of the drug the market cap should be at 4 bil.

посмотрел на FDA кэйс, вроде у них что то варится

надо разобраться поподробнее

а сколько они ожидают после апровал?($)

[Венцель]

посмотрел на FDA кэйс, вроде у них что то варится

надо разобраться поподробнее

а сколько они ожидают после апровал?($)

Дело тут непростое. Вкратце:
PDUFA date was 1/15 but FDA missed one the the 3-d party plants which will be making insulin for them. So fda has to inspect it and it has been 2 months, no one knows when that will happen. Originally management thought 2-4 weeks but did not happen. FDA not giving dates but seems very comfortable with the drug even before approval - they asked the company to extend the age of the upcoming juvenile drug trial from 8-14 years old to 4-14 years old. which I think is a huge sign. The inhaler they have now is good but they came up with a new design and decided not to bring the drug to market with the old ihnaler - they will wait till the new one is produced and approved. So really they will not start selling till q4 of this year. But if the drug is approved they are looking at 1-2 billion/year sales only in US. Speculation is - they have proposals from european partners waiting for an approval to step in. Analysts say that with approval and a partner stock can run to 30-50 right away. From $10 even the low end is 200% gain

[Alechko]

Дело тут непростое. Вкратце:
PDUFA date was 1/15 but FDA missed one the the 3-d party plants which will be making insulin for them. So fda has to inspect it and it has been 2 months, no one knows when that will happen. Originally management thought 2-4 weeks but did not happen. FDA not giving dates but seems very comfortable with the drug even before approval - they asked the company to extend the age of the upcoming juvenile drug trial from 8-14 years old to 4-14 years old. which I think is a huge sign. The inhaler they have now is good but they came up with a new design and decided not to bring the drug to market with the old ihnaler - they will wait till the new one is produced and approved. So really they will not start selling till q4 of this year. But if the drug is approved they are looking at 1-2 billion/year sales only in US. Speculation is - they have proposals from european partners waiting for an approval to step in. Analysts say that with approval and a partner stock can run to 30-50 right away. From $10 even the low end is 200% gain

i'll look at it tomorrow after the rulling on wamu's 4b case,

[Венцель]

i'll look at it tomorrow after the rulling on wamu's 4b case,

I hope you did not get burned too much on this one

[Alechko]

I hope you did not get burned too much on this one

i run free prefereds (mostly P's), bought one year and a half ago around
$1.5pps

i've converted 90% of commons to prefs a few day ago (see my previous posts) :34:

[Alechko]

WaMu reaches settlement with JPMorgan, FDIC
http://finance.yahoo.com/news/WaMu-reaches-settlement-with-apf-857239443.html?x=0&sec=topStories&pos=main&asset=e61a0b3ef3b93c3ecbac1e4fc23eb376&ccode=mp

I would call it rather "proposed settlement"

Current Assets 6,933,444,337
Current Liabilities -8,313,698,526

Tax refund from deposits -????
30% of $2.8B 840,000,000
40.4% of $2.6B 1,050,000,000
Visa 50,000,000
Int Co Loans 179,000,000

New A/L 738,745,811

Preferreds 3,625,000,000

Min Preferred Payout 20%

[Alechko]

An attorney for the official committee of equity holders told the court that nobody told him about the settlement.:grum:
http://www.reuters.com/article/idUSN1215250120100312

[Alechko]

тик ток

обратный отсчет до wamu POR файлинга

[Alechko]

POR (http://www.ghostofwamu.com/documents/08-12229/08-12229-2622.pdf)

[Alechko]

POR without a ballance sheet :grum:

500 pages, $1000 per page... Can I get a new attorney? lol ;)) those clowns are really funny

http://csmoody.files.wordpress.com/2009/03/clowns.jpg

[Alechko]

Federal Judicial Center. Chapter 11 Reorganization: The Basics and the Judicial Role
http://www.youtube.com/watch?v=K0-jDdRQwpY

[Венцель]

anyone playing LEHMQ. court battle against Barclays is almost over

[Alechko]

anyone playing LEHMQ. court battle against Barclays is almost over

yep, yep, lehpq & trusts :34:
no M's

[Alechko]

READ THE FOOTPRINT NOTE (http://www.ghostofwamu.com/documents/08-12229/08-12229-3517.pdf)ON PAGE 6 FROM VENABLE PAPER
PS: We'll be out of our misery soon enough

[Astrix]

Citigroup Inc
C $ 5.01 + 57%:pray:

[fduch]

Citigroup Inc
C $ 5.01 + 57%:pray:

угу я их брал и по 2 и по 3 и по 12 ))))))

[Alechko]

угу я их брал и по 2 и по 3 и по 12 ))))))

так их вроде фед дампать собирАЕТСЯ

[Alechko]

Steve Susman (WAMU EC)

"He is like a voracious animal, and that is the feeling you get in his presence. He scares people on his own side. The opposition is often terrified." -- American Bar Association Journal, Feb. 2008

http://www.businessinsider.com/10-lawyers-you-dont-want-to-see-across-the-aisle-2010-1#steve-susman-8

[metalhammer]

вчера Дау упал на 300 поинтов в течений дня, что оставило меня в каком-то диком ахуений. даже стабильные ноу-валатил стаки рухнули страшно ЗА ОДИН ДЕНь!

[Alex_3112]

вчера Дау упал на 300 поинтов в течений дня, что оставило меня в каком-то диком ахуений.
Если мы вспомним, что происходило не на конец дня, а именно "в течений", то "ахуений" будет еще более диким...

[metalhammer]

Если мы вспомним, что происходило не на конец дня, а именно "в течений", то "ахуений" будет еще более диким...

именно. кто виноват? Греция? глюки в их компе?

[metalhammer]

вчера Дау упал на 300 поинтов в течений дня, что оставило меня в каком-то диком ахуений. даже стабильные ноу-валатил стаки рухнули страшно ЗА ОДИН ДЕНь!

"рассеянный с улицы с бассеянной". имел ввиду 1000, написал 300.

классные "новости":

Америка собирается потратить ПОЛ ТРИЛЛИОНА ваших налогов на спасение Европейской жопы...на тех, кто Америку все равно не любит. по сравнению с етим прошение [Fanny Mae] о 8,5 миллиардов беилаута с налогов всего-то цветочки.

[Alechko]

....

Америка собирается потратить ПОЛ ТРИЛЛИОНА ваших налогов на спасение Европейской жопы...на тех, кто Америку все равно не любит. по сравнению с етим прошение [Fanny Mae] о 8,5 миллиардов беилаута с налогов всего-то цветочки.

не потрaтить а отдoлжить

[Alechko]

Wamu Extremely important:
Motion of the Official Committee..
http://www.kccllc.net/documents/0812229/0812229100525000000000026.pdf

[Alechko]

AmericanLawyer.com:

"They've asked Judge Walrath to compel broad discovery from JPMorgan, and they've written Quinn partners asking if that firm might be so kind as to turn over the 40,000 pages or so of documents they got their hands on before abandoning potential claims against JPMorgan. Quinn has declined to help out, something which has obviously irked the Susman Godfrey team advising the shareholders. "Instead," the Susman Godfrey lawyers write, "their message, in a nutshell, has been: 'Do the work yourselves.'"

http://amlawdaily.typepad.com/amlawdaily/2010/05/wamustillwontend.html

[metalhammer]

не потратить а отдолжить

да-с, у США огроменные инвестиций в Европе, но я бы не спешил...завтра друггие будут требовать спасения...вся Южная Европа? и мне думается Греки, нихуя бы не помгли США будь такой неоходимости. Господи прости, я не жадный. пусть спасают местные бизнесса, а не чужие правительства.

[Alechko]

да-с, у США огроменные инвестиций в Европе, но я бы не спешил...завтра друггие будут требовать спасения...вся Южная Европа? и мне думается Греки, нихуя бы не помгли США будь такой неоходимости. Господи прости, я не жадный. пусть спасают местные бизнесса, а не чужие правительства.

не спасти Грецию - евро обвалится в течении месяца, с высоким $ вторая волна кризиса будет моментальной. А феду надо РЕ лоаны разгрузить, как только это произойдет, США будет наплевать на евро
никто никого ниспас, безнадежно больному еще одну капельницу поставили

[metalhammer]

не спасти Грецию - евро обвалится в течении месяца, с высоким $ вторая волна кризиса будет моментальной. А феду надо РЕ лоаны разгрузить, как только это произойдет, США будет наплевать на евро
никто никого ниспас, безнадежно больному еще одну капельницу поставили

евро вроде уже в жопе. все хватаются за $ как за соломинку.

[Alechko]

евро вроде уже в жопе. все хватаются за $ как за соломинку.

недавно все думали подругому
http://forum.russianamerica.com/f/showpost.php?p=3233214&postcount=25
http://forum.russianamerica.com/f/showpost.php?p=3229902&postcount=1

хотя все это циклично

[fduch]

евро вроде уже в жопе. все хватаются за $ как за соломинку.

Iran's Central Bank is selling 15 billion-Euro which is the first stage of a bigger plan of a plan to sell 45 billion-Euro by September the 22th. Furthermore, The Islamic Republic will decrease its oil sales in Euros. The Central Bank expects to reduce Euro holdings from the current 55% to a total amount between 20% and 25%.fxstreet.com(AR)

http://www.moneymallfutures.com/index.php?option=com_content&view=article&id=6184:dollar-rises-on-irans-plan-to-sell-euros&catid=54:currency&Itemid=97

[Alechko]

WM today's hearing audio
http://www.viewip.net/WMI/Hearing/2010-06-03/

[Alechko]

June 3, 2010 6:12 PM
WaMu Judge Rewards Shareholders, Susman For Fighting OnPosted by Zach Lowe
We told you Wednesday how Washington Mutual shareholders had alienated almost every other party in the bank's Chapter 11 case by making a request for broad discovery into the bank's collapse. The bank's creditors and those who would have to turn over discovery material protested vehemently, saying the matter had already been investigated, and that it was time to wind up the Chapter 11 case.
Well, guess what? The shareholders and their lawyers at Susman Godfrey scored a nice victory today when the federal judge hearing the case postponed a key proceeding in order to allow the shareholders to talk with WaMu, JPMorgan Chase, and the FDIC about getting access to documents that could shed light on the bank's failure, according to Reuters and lawyers who attended the hearing today in federal court in Delaware. The nominal purpose of the hearing had been for Judge Mary Walrath to rule on objections related to a disclosure statement that describes WaMu's plan to emerge from bankruptcy and pay creditors about $7 billion. Such rulings are the first step toward an eventual vote on that plan, which, by the way, offers shareholders zero recovery.
Any talk about the disclosure statement will now have to wait two weeks, Reuters says. In the interim, lawyers for WaMu (Weil, Gotshal & Manges and Quinn Emanuel Urquhart & Sullivan), JPMorgan (Sullivan & Cromwell), and the FDIC (DLA Piper) will have to meet to hash out shareholder discovery requests, lawyers say. That alone is a huge win for shareholders, who argue that WaMu and its lawyers may be leaving money on the table in a proposed settlement with JPMorgan over WaMu's failure. Critics in the case have argued that JPMorgan may have contributed to WaMu's failure by leaking confidential information about WaMu's finances and discouraging other potential bidders for the bank. The FDIC eventually placed WaMu in a receivership and sold it to JPMorgan for $1.9 billion. The WaMu estate initially investigated WaMu's collapse--and took extensive discovery from JPMorgan and others--but cut that investigation short by striking a deal with JPMorgan. Under the terms of that deal, which requires court approval, JPMorgan will return about $4 billion in deposits to WaMu and split various tax refunds with the estate.
Shareholders argue claims against JPMorgan might be worth as much as $20 billion, and they want to know how WaMu and its litigation team at Quinn made their calculations in deciding to settle for what will amount to about $7 billion, Reuters says. They filed a motion requesting pieces of Quinn's work product, documents Quinn lawyers say are protected by attorney-client privilege. That is one battle WaMu won today; Judge Walrath denied the shareholders' request for Quinn's work product, says David Elsberg, one of the lead Quinn lawyers on the matter. Justin Nelson, one of the Susman lawyers representing shareholders, declined to comment.
One other note: Judge Walrath raised the specter of a court-appointed examiner who might undertake an independent investigation into WaMu's collapse. Walrath denied the shareholders' motion for an examiner last month, but she mentioned such a possibility today when she was informed that WaMu has apparently held out on turning over some documents to the shareholders, Reuters reports. "Why should I not appoint an examiner?" Walrath asked, according to Reuters. Susman Godfrey lawyers perked up at the mention of the examiner--remember, they thought they had already lost this battle--and indicated they would file a new request for the appointment of one, Reuters says.
So it's clear as we approach the two-year mark in this case: It ain't over yet. Not even close.

http://amlawdaily.typepad.com/amlawdaily/2010/06/wamushareholders.html

[Alechko]

http://www.susmangodfrey.com/
They're gorillas among lawyers. But when Susman walks by, it's like they're making way for Kong.(c)
Steve Susman and his firm are acknowledged 800 pound gorillas ... (c)
Luv it!!!

[davs3333]

ок- это интересно

[Alechko]

WAMU:
Thursday's hearing was delayed for more than two hours as attorneys for the company, creditors, the Federal Deposit Insurance Corp and shareholders held talks in the hallway outside the courtroom.

The hearing only lasted long enough for the company to ask for an adjournment for further talks.

[Alechko]

"74 (The FDIC's Role as Receiver)
Settlement with the Assuming Institution
The FDIC and the assuming institution handle most of their post-closing activities through the “settlement” process. Adjustments to the closing books may be made between the date of the closing of the institution and the “settlement date.” The settlement date may be from 180 days to 360 days after the bank or thrift closing, depending on the failed institution’s size. Adjustments reflect (1) the exercise of options by the acquirer, (2) either any repurchase of assets by the receiver or any “putback” of assets to the receiver by the assuming institution, and (3) the valuation of assets sold to the acquirer at market prices."


http://www.fdic.gov/bank/historical/reshandbook/ch7recvr.pdf

Aug. 30 hmmmmmmmmmmm?

[Sea]

алечко посоветуй,,
мне нужно открыть аккаунт,, чисто для Учебы
(выбрать брокерский сайт и платформу(сток и опшинс)) с реальными деньгами до 1000 баксов

попробовала thinkorswim.com - сложная платформа и коммисия недешевая

[Alechko]

алечко посоветуй,,
мне нужно открыть аккаунт,, чисто для Учебы
(выбрать брокерский сайт и платформу(сток и опшинс)) с реальными деньгами до 1000 баксов

попробовала тхинкорсщим.цом - сложная платформа и коммисия недешевая

для учебы открой виртуальный,
etrade, zecco, sogo и куча других дают 100 бесплатных трэйдс

[Alechko]

Most notably, the largest bank to fail, WaMu, was well-capitalized
according to the applicable capital adequacy standards at the time of failure.

see page 111 http://www.sec.gov/news/studies/2008/marktomarket123008.pdf

JMW to Rosen:
"WHY DON'T YOU BELIEVE YOU REPRESENT EQUITY?"

[High_Smily]

Ну ты, Лёха, даёшь... :vesh:

[Alechko]

High-frequency trading
http://www.youtube.com/watch?v=WstJM_aNSj8

[Alechko]

An associate in the firm's New York office, Tibor Nagy, says Susman "is a force of nature." I met some of the associates and partners, world-beaters on their own. They're gorillas among lawyers. But when Susman walks by, it's like they're making way for Kong.

[erin burnett]

An associate in the firm's New York office, Tibor Nagy, says Susman "is a force of nature." I met some of the associates and partners, world-beaters on their own. They're gorillas among lawyers. But when Susman walks by, it's like they're making way for Kong.

what`s the relevance of it?

[Alechko]

щхатьс тхе релеванце оф ит?

если не следишь за WAMU- то для тебя никакой

[erin burnett]

если не следишь за WAMU- то для тебя никакой

you are right- WAMU`s dead. couldnt care less.

[Alechko]

Joshua R. Hochberg
Experience
Joshua R. Hochberg's practice focuses on individual and corporate white collar defense, internal investigations, and compliance.

Mr. Hochberg has served as the court appointed Examiner in the Refco Bankruptcy in the Southern District of New York. He was also the court appointed Examiner in the DBSI Bankruptcy in Delaware. In other notable engagements, Mr. Hochberg has represented public officials in corruption investigations, and CEOs of major domestic and foreign corporations in accounting fraud and FCPA investigations. He has also counseled corporations in their negotiation of settlements with the Department of Justice.

Prior to joining MLA, Mr. Hochberg was Chief of the Fraud Section, and Deputy Chief for Litigation of the Public Integrity Section, in the Criminal Division of the DOJ. As Chief of the Fraud Section, Mr. Hochberg organized nationally significant complex investigations and prosecutions of corporate, securities, health care, procurement, and bank fraud matters. He also supervised all Foreign Corrupt Practices Act investigations, and prosecutions nationwide.

Mr. Hochberg helped lead the DOJ response to the wave of accounting scandals that followed the collapse of Enron Corp. in 2001. Working with the Securities and Exchange Commission, he negotiated major global settlements of accounting fraud matters. He assembled and supervised high profile Task Forces including as Acting United States Attorney for the Enron investigation. He is highly experienced with evaluating the DOJ expectations for corporate voluntary disclosures, corporate cooperation, and the use of monitors to ensure compliance with the terms of settlements. He has also tried major white collar cases.

Mr. Hochberg is a frequent speaker at ABA, SEC, HHS, and Sentencing Commission conferences addressing white collar crime subjects including: deferred prosecution agreements, health care and procurement fraud; corporate compliance and ethics; and FCPA enforcement.

While at the DOJ, Mr. Hochberg received the highest award for litigation, the "Attorney General’s John Marshall Award." He has also been a recipient of the Criminal Division’s highest award, the "Henry E. Petersen Memorial Award" and a "Presidential Rank Award for Distinguished Service."

Education
J.D., New York University School of Law, 1972
B.A., Columbia College, 1969
Admitted
New York
District of Columbia

[Dova]

Алечко
ты уже много денег заработал?
только скажи "Да - нет"

[Alechko]

ты уже много денег заработал?
только скажи "Да - нет"

в первом предложении все подробности (http://forum.russianamerica.com/f/showpost.php?p=3291850&postcount=286)

[Dova]

значит - "нет" .... :(

[Alechko]

значит - "нет" .... :(

конечно же "нет"!

[бубенчиков]

Алечко
ты уже много денег заработал?
только скажи "Да - нет"
Процесс тоже захватывает. Интереснее даже чем в карты.

[Alechko]

через пару месяцев проверим


Numbers below are sorted by PPS, with straight SWAPs posted at the bottom.

*NEW* honeycom ----------------------- $0 (thanks for playing)
boston_stocker --------------------------- $2.00 to $5.00
gobc29 ------------------------------------- $12.00
MicroKing --------------------------------- $14.50
leadokum81 --------------- $20.00 or SWAP 1-for-1
govinsider --------------------------------- $20.00 or SWAP 2-for-1
pjhacum89 --------------------------------- $20.00 and SWAP 1-for-1
jmpowell0152 ----------------------------- $22.00
seamus3500 ------------------------------- $24.00
much.faster -------------------------------- $29.00
kotoski ------------------- $30.00
wowalters ---------------------------------- $30.00
*EDIT* woody74 --- $30.00 and SWAP 1-for-1 (I'm sorry if I messed up the original posting)
claude_s_44320 --------------------------- $35.00 and 50% cut by EC
gibson7772 -------------------------------- $36.00 to $38.00
playstation3_longrun2 ------------------- $48.00
bopfan --------------------------------------- $58.00
*NEW* takantzas -------------------------- $58.80-88.20 (later narrowed to $65.00-70.00 - all good numbers, but a little broad)
spot1roth ----------------------------------- $75.00
*NEW* insangchang ---------------------- $84.00
tracysturchio ------------------------------- SWAP 1-for-1
*EDIT* ron_66271 ------------------------ SWAP 2-for-1, plus cash at Dr. Acharya's evaluation
mcharleyj ----------------------------------- SWAP 2-for-1
*NEW* Paul the Octopus ----------------- unbekannt, Glück zum ganzen longs

[Alechko]

a little bit of the historical events re wamu case


April 18 2010: We first hear of Susman/Godfrey, as they write a response regarding the shareholder meeting.

April 21 2010: Steve Susman makes his first appearance in JMW's court, and tells her that the equity committee will be filing for an examiner.

April 26 2010: Susman/Godfrey files a motion for an examiner with a motion to shorten.

May 5 2010: JMW denies the examiner motion, and says that all information should be available to the EC.

May 19 2010: EC files appeal to denial of the examiner, and motion to shorten.

May 25, 26, 28 2010: EC files for 2004 examination of JPMC, FDIC, & WMI and motions to shorten.

June 3 2010: JMW gets upset with everyone not cooperating with the EC in turning over requested documents, and inquires what the EC would prefer.

Taken from about the 1:31:25 point in the June 3 2010 hearing:
Justin Nelson: "If the issue is a trade, for the getting this analysis and work product for the examiner motion, we're happy to take that trade, your honor. This court…"

JMW: "Which side do you want?"
(background laughter)
Justin Nelson: "No, we'll..."

JMW: "Would you take either?"

Justin Nelson: "We will, your honor, we would prefer an examiner that was our original motion! "

JMW tells the EC to submit a new motion for an examiner, which is submitted June 8.

July 7 2010: EC files something under seal to support their motion for an examiner

July 8 2010: Instead of the planned hearing, the attorneys meet for 2 hours in the judge's chambers. According to shareholders in attendance, the WMI/creditors/JPM/FDIC attorneys were in good spirits before the meeting, but were visibly shaken and upset after the meeting.

After July 8 2010: All but the WMI noteholders' objections to the examiner are withdrawn. Also, according to the Susman/Godfrey July billings, there was a settlement offered the EC. Steve Susman himself spent 6 hours between July 8 and July 20 talking with the EC about the offer. They obviously decided that they could get more money with going ahead with the examiner.

[смешно]

а пока мы спим (как солдаты на службе) золото и нефть продолжают дорожать.

[Alechko]

Ilene Slatko from last wamu hearing. ordinary (may i say non-ordinary) single mom, definitely worth listening.
http://www.youtube.com/watch?v=9QtCTb_l87Y

kudos to Ilene

[бубенчиков]

Ilene Slatko from last wamu hearing. ordinary (may i say non-ordinary) single mom, definitely worth listening.
http://www.youtube.com/watch?v=9QtCTb_l87Y

kudos to Ilene
Ты суть скажи будеть ВАМУ расти в цене или нет.

[Alechko]

Ты суть скажи будеть ВАМУ расти в цене или нет.

только надежда, гарантии нет
иди на форум yahoo ili ghost

[fduch]

Citigroup Inc
C $ 5.01 + 57%:pray:

уже $4.77 - смотрим дальше

[Alechko]

The WAMU resolution—with a private sector acquirer—reflected an effective bidding process and regulatory action that facilitated a closing while the institution still had value that exceeded its insured deposit liabilities.
Page 35


STATEMENT OF SHEILA C. BAIR
CHAIRMAN FEDERAL DEPOSIT INSURANCE CORPORATION
on
THE CAUSES AND CURRENT STATE OF THE FINANCIAL CRISIS
before the
FINANCIAL CRISIS INQUIRY COMMISSION

http://www.fcic.gov/hearings/pdfs/2010-0114-Bair.pdf

[Alechko]

Overheard Recently at the FDIC: there is some serious concern within the halls of the FDIC that they have no claim(s) to FSB...now wouldn't that screw things up...:hmm:

[Alechko]

http://news.yahoo.com/nphotos/slideshow/photo//110120/ids_photos_ts/r2792156648.jpg/#photoViewer=/110120/ids_photos_ts/r2792156648.jpg

Jamie Dimon на обеде у Обамы

часть правительства

[Alechko]

Transcript for Disclosure Statement Hearing 3/21

http://ghostofwamu.com/documents/HearingTranscripts/08-12229-20110321.PDF

Audio (thanks DanBB / Astocks) to go with it:

http://www.viewip.net/WMI/Hearing/audio/20110321.mp3

{Perhaps a Sticky}

[Alechko]

Best deposition ever

http://www.youtube.com/watch?v=RjtnRmy0H-U

IT WAS A FUCK YOU!
what's your question? :grum::grum:

[Alechko]

Susman Godfrey L.L.P Partners Stephen D. Susman and Parker C. Folse III are Named Best Lawyers' 2012 Lawyers of the Year
http://finance.yahoo.com/news/Susman-Godfrey-LLP-Partners-prnews-1458409858.html?x=0
:wink1::wink: