Recourse Bob

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Investment Advisory Business Will Suffer Because of Madoff

This was an unregistered fund. As best I can tell, there were no independent accounting firms involved.
Dec 14 12:34 pm |Rating: 0 0 |Link to Comment |View article
Refiners Finally Increase Margins

Don't forget that the decrease in the price of crude and refined products is due to demand destruction resulting from the economic downturn. Decreased demand results in excess capacity for refiners. Excess capacity results in greater competition among refiners which can keep their margins low, but certainly somewhat higher than the margins earned in the first half of 2008.
Oct 22 16:33 pm |Rating: 0 0 |Link to Comment |View article
Oil Below $75: Increased Chance of OPEC Production Cuts

OPEC seems to forget that they are, in part, responsible for the recession in the US. The high crude oil prices depressed our economy before the credit crunch hit. That is, people were suffering from high oil prices before they had problems with high mortgage interest costs and foreclosures, if you all recall. High oil prices caused many homeowners not to be able to make their house payments. So let OPEC raise oil prices more in the midst of the US going into a recession, and then let's watch demand for oil fall further. OPEC's greed will cause them more pain.
Oct 16 22:11 pm |Rating: 0 0 |Link to Comment |View article
Two Fight Back - Cramer's Mad Money (9/11/08)

Cramer has never seen a government bailout that he didn't like. He'll let his kids and grandkids pay for those bailouts.

As far as his charitable trust investments, does anyone know how much money is invested in the trust. It may be only a small amount, but it gives him something to brag about.

Why would a supposedly great investor, as Cramer would have you believe his was, leave Wall Street and become a clown on CNBC? There must be a reason that he is no longer handling large investors' money. Something must have happened with his investing activities.
Sep 13 17:22 pm |Rating: 0 0 |Link to Comment |View article
The Weekend American Capitalism Died

What ever happened to tar and feathers. That's how our country dealt with crooks in years gone by.
Sep 10 00:07 am |Rating: 0 0 |Link to Comment |View article
Forget the Moral Outrage: Just Restore the Mortgage Markets

Alan's comment: They also don't seem to mind that they are allowed to deduct mortgage interest (subsidized by renters) or to exempt capital gains from their taxable income when they sell their homes.

When you say "subsidized by renters," let us not forget that landlords who own rental property deduct mortgage interest, as well. And that deduction potentially benefits renters. So I don't see where renters are subsidizing homeowners.

Sep 07 17:38 pm |Rating: 0 0 |Link to Comment |View article
Wells Fargo Sham Revealed

As a point of interest, I have thought that the banks may be maintaining their high dividend as a means to discourage short sellers. A short seller must pay the dividends of banks they short to the party to whom they borrowed the shares, even though the short seller does not receive the dividend from the bank. The payment of the dividend by the short seller must come out of their own pocket.
Sep 05 21:55 pm |Rating: 0 0 |Link to Comment |View article
Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom

I wonder how much Jim lost, investing in China entities, since he left the US. China's market is down more than the US.
Aug 20 18:56 pm |Rating: 0 0 |Link to Comment |View article
Dollar's Up, Oil Is Down: But Why?

Kudlow and his guests say that Free Markets are the Best Path to Prosperity. Now he wants the US to intervene in the currency markets to pump up the US dollar. This guy doesn't know what a free market is.
Aug 11 20:50 pm |Rating: 0 0 |Link to Comment |View article
Meredith Whitney and the Hierarchy of Payments

User 52095 - I am not blaming anyone. We just need to ensure that, when a buyer takes out a home loan and promises to repay it, the borrower cannot walk without paying a stiff price.
Aug 06 13:43 pm |Rating: 0 0 |Link to Comment |View article
Citigroup Reports Loss on Credit Card Securitizations

Emerald - It is my understanding that in California the first mortgage is considered by law as non-recourse. This law needs to change.
Aug 06 13:33 pm |Rating: 0 0 |Link to Comment |View article
Meredith Whitney and the Hierarchy of Payments

As I have posted elsewhere, anyone who turns in the keys to their home should be prohibited from obtaining another first mortgage for at least seven years. And first mortgages should all be with full recourse to the buyer/mortgagor and enforceable under federal law. These measures would put a stop to those who think they don't need to repay their home loan. Congress, do you hear me?
Aug 06 12:17 pm |Rating: 0 0 |Link to Comment |View article
WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues

Anyone who turns in the keys should be prohibited from obtaining another first mortgage for at least seven years. And first mortgages should all be with full recourse to the buyer/mortgagor and enforceable under federal law. These measures would put a stop to those who think they don't need to repay their home loan. Congress, do you hear me?
Aug 06 11:58 am |Rating: 0 0 |Link to Comment |View article
Skeptical This Relief Rally Has Legs

I am damn angry. But there is not much I can do about it. Government spending, including bailouts, is out of control. Chris Dodd was caught with his hand in the till, but he is still in his Senate job. Chris, and others like him, need to go.
Jul 22 10:16 am |Rating: 0 0 |Link to Comment |View article
ABC News Gaffe Reveals Concerns about US Banking System

On TV yesterday, the FDIC rep. said IndyMac was not on the list of banks at risk at March 31, 2008 but it did go on the list in June 2008. That was probably after the FDIC had had an opportunity to review IndyMac's March 31, 2008 quarterly filings with the FDIC and SEC.
Jul 15 15:30 pm |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
The Macro View - Sample Seeking Alpha - The Macro View Market Outlook An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Oil Price Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning Oil Down 48% from Highs by Bespoke Investment Group Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon Economy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Investing Ideas - Sample Seeking Alpha - Investing Ideas Cramer's Picks Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham Long Ideas Utilities Beginning to Generate Interest for Longs by Joe Kunkle The Long Case for Encore Capital by Value Investor Insight 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan Two Global Infrastructure Investment Opportunities in ETFs by Investment U Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham Short Ideas Why Short Sellers Are the Heroes of Wall Street by Investment U Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger Email continues...
Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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Global Markets - Sample Seeking Alpha - Global Markets China An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript Perfect World Announces Share Repurchase Program by Trader Mark China: Hot Money Inflows Down, Nervousness Up by Michael Pettis India Indian Economy Has Much to Cheer About by Equitymaster India: RBI Cuts Cash Reserve Ratio by Equitymaster India: Markets Continue Downward by Equitymaster Japan Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media Asia Four International Dividend Stocks to Watch by David Hunkar Eastern Europe Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
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ETF Daily - Sample Seeking Alpha - ETF Daily Sector ETFs Too Early To Buy Homebuilders ETF by Larry MacDonald Utilities Beginning to Generate Interest for Longs by Joe Kunkle Two Global Infrastructure Investment Opportunities in ETFs by Investment U New ETFs First Trust Launches Infrastructure ETF with Global Reach by Index Universe Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla Emerging Market ETFs Brazil Is the Best of BRIC by Carl T. Delfeld Playing the Market in Difficult Times by Jason Hamlin
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