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  • Time for the American Government and People To Confront Reality
    It’s time for everyone to go back to the beginning and remember what started all this, and while it has to do with housing, it has nothing to do with the usual suspects.
    I have been saying since 2007 that what we have is a destruction of confidence, at that time in CDO’s, in order for a small group of Generation Me short sellers to destroy the monoline insurers. It all goes back to that and just snowballed out of anyone’s control (except for the short hedgies that perpetuated it) afterwards. Now we’re stuck in a mess that needs 2 things:

    1). To Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive to 01/01/08 to help pay for all these bailouts and prevent future disasters, and

    2). To refinance the monolines so that States and local municipalities can issue bonds again. At the SAME time Congress should give DOLLAR FOR DOLLAR STIMULUS for every bond written for infrastructure. Bigger bang for the buck, AND unless we get the private sector and the Pimco’s of the world involved – nothing we take hold.
    Dec 09 07:30 am |Rating: 0 -2 |Link to Comment |View article
  • Excessive Systemic Debt: The Primary Cause of Our Current Crisis
    While there is little to no doubt that at the root cause was everyone wanting everything with nothing to back it up. Fine - we're all pigs, BUT the end result or deleveraging as they call it - DIDN'T HAVE TO BE DONE THIS QUICKLY AND SO PAINFULLY! That is except for the fact that a small group of shorts wanted it to be, and they used poor SEC regulations (or total lack of it) to cause a crash and loss of confidence that really didn't need to happen like this.
    Shorts theme song: "No.. no.. no.. it ain't me babe! It ain't me you're looking for.. babe!"
    Dec 04 09:03 am |Rating: 0 -1 |Link to Comment |View article
  • The Failure of TARP and the Government's Solution
    The failure is not in the TARP or Paulson, but rather it still lies with Cox and our society’s inability to see past the curtain and pay attention to the people that hide behind it.

    The 4 Golden Rules:

    1. Reinstate the Up-tick rule
    2. Crack down on naked shorting
    3. Institute some rules on what should be said on National TV to prevent rumor-mongering

    >>>>>&g... Pass a Wind-Fall Capital Gains Tax of 65% on ALL short sales retroactive to 01/01/08.<<<&...

    BUILD.. BUILD.. BUILD.
    JOBS.. JOBS.. JOBS.
    DRILL.. DRILL.. DRILL.
    Nov 26 07:27 am |Rating: 0 -2 |Link to Comment |View article
  • Less Negativity, More Inflation
    I really don’t understand what we are trying to accomplish here? We allowed a very small group of individuals to destroy our confidence in the muni bond system, then we allowed them to destroy our confidence in the mortgage system, then we allowed them to destroy our confidence in the investment banking system, then we allowed them to destroy our confidence in the commercial banking system, then we allowed them to destroy our confidence in the insurance system, then we allowed them to destroy our confidence in our financial markets, and now we’re allowing them to destroy what little confidence we have left in OURSELVES! Yeah, we all stopped spending in October, what do you expect when all the pundits, media, and so-called financial experts keep telling us a depression is coming. Well, be very careful what you wish for! I said well over a year ago that all the negativity back then would make things end very badly – well we’re there. Oh yeah it can get a lot worse, but what’s the point. IT DOESN’T HAVE TO BE THIS WAY!!!!!!!!!!!!

    “The future has not been written. There is no fate but what we make for ourselves.”
    www.youtube.com/watch?...


    BUILD.. BUILD.. BUILD.

    DRILL.. DRILL.. DRILL.
    Nov 17 07:11 am |Rating: 0 0 |Link to Comment |View article
  • What Does Bernanke Really Know about the Great Depression?
    <<What Does Bernanke Really Know about the Great Depression?>>

    Squat!!!!!!!!!!!!!!!!
    Nov 04 08:02 am |Rating: 0 0 |Link to Comment |View article
  • Global Recession Is an Economic Reality
    “The future has not been written. There is no fate but what we make for ourselves.”

    www.youtube.com/watch?...
    Oct 27 09:02 am |Rating: 0 0 |Link to Comment |View article
  • Did the Short Selling Ban Work?
    How can it work when some stocks and people, are still allowed to short their brains out with impunity. The 2 examples you used are a prime example – these 2 ETF’s still can be shorted and have been gangshorted up the ying-yang. The XLF especially! Hey, all true negative shorts needed to do was keep shorting the XLF like crazy while buying puts on anything else they wanted.
    Individual stocks? We don’t need no stincken’ individual stocks!

    We really have really given ourselves a big headache and the tail is truly waging the dog.

    DRILL.. DRILL.. DRILL.
    BUILD.. BUILD..BUILD.

    Only way out.
    Oct 08 06:57 am |Rating: 0 0 |Link to Comment |View article
  • An Alternative Bailout Proposal
    Implement a:
    Wind-Fall Capital Gains Tax of 65% on SHORT SALES!
    They thought they were doing the right thing as 'market oversight' so - LET THEM HELP PAY FOR THIS!
    Sep 24 16:57 pm |Rating: 0 0 |Link to Comment |View article
  • Buffett Warned Us in 2003
    Yeah great for him, but what has he done to help? Nothing..Squat..Zero.....
    The only thing he can do is have interviews with Becky Quick telling everyone how great, but humble he is; or offer (as he did last year for Ambac) to buy a company for a penny on the dollar. I guess you could argue that in some cases, like Lehman, that would have better off then it is now.

    Buffett! Don't get me started!
    Sep 17 18:36 pm |Rating: 0 0 |Link to Comment |View article
  • Selling Short America and the Rest of the World
    I think the point of the above article was that this is NOT suppose to be just a game. It really is suppose to be a way to build and prosper a Nation as a whole, and NOT just a small group of clever shorts who can create enough fear and mistrust so that their 'puts' can be filled.

    "The good of the many outweighs the good of the few. Or the even one."
    Sep 14 11:40 am |Rating: 0 0 |Link to Comment |View article
  • Selling Short America and the Rest of the World
    The 1st and ONLY article I have ever read (except for my blog that is :-) ) that finally tells the truth.

    Maybe this will help:
    www.youtube.com/watch?...
    Sep 14 09:01 am |Rating: 0 0 |Link to Comment |View article
  • Lehman Won't Be the Last Major Bank Failure
    Unfortunately, you probably will be correct. This entire mess>> from the monolines thru the commercial banks thru the regional banks and now thru the investment banks; will never end until someone takes out the shorts that have so carefully engineered this “Crisis in Confidence”.
    This reminds me of the scene from “Independence Day” when the Prez (Bill Pullman) is mind linked with the alien.

    ”I could see into the minds and I know what they are planning. They are locusts going from planet to planet, stripping it of all its natural resources. When they’re finished with one planet, then just move on; and we’re next!
    Nuke ‘em! Nuke the bastards!”
    Sep 12 08:15 am |Rating: 0 0 |Link to Comment |View article
  • Fear Not Yet a Factor
    I'm sorry, I can't get with your program: shorts are NOT good fot this market or any market.
    Firstly, they can take their liquidity and INVEST it for the building of our society, instead of trying to destroy it.
    Secondly, who ask these people to be my financial guardian? Did I miss the election?

    But in any case, it's not so much the shorting process, but really the GANG-SHORITNG of stocks. It has become far too easy for a couple of well funded shorts to water-board a stock to death. Torture in the name of transparency, is still torture.
    Aug 22 09:02 am |Rating: 0 0 |Link to Comment |View article
  • Financials and Housing: The Outlook Remains Ugly
    The only thing that 'remains ugly' here is your narcissistic, Generation Me’er compulsion to prove yourself right no matter who or what you destroy.
    Have you ever thought maybe, just maybe that the constant water-boarding of our banks and other financials institutions has perpetuated a major part of this mess. If they treated prisoners at Guantanamo like you treat our financial system, people would be screaming bloody murder.

    Ok, you were right BUT:
    STOP IT ALREADY! ENOUGH! BASTA! NO MAS!
    Aug 20 07:38 am |Rating: 0 0 |Link to Comment |View article
  • Financials Have Bottomed? Readers Say We're Nuts
    I think what one of your bloggers said is an excellent representation of what is wrong with this market and our society in a more macro view: “Are we here to make money or argue about things that no one can know?”
    This trader mentality and the need to show a short-term profit, both on the personal and corporate levels will be the death of us all. It promotes the short-seller and short-term gain’s scenarios that cause the volatility and do NOT add to societies greater good.
    What is it building? What product is it making?
    We all need to step back and see what we are trying to create here, or in the current case, what we are trying to destroy. The stock market was meant for building a business and therefore the American economy. It was become an extension of Vegas and needs to get back to its roots. I have a fix posted on my site under the 3/22 blog that most everyone will hate. You should check it out. In the meantime just think of the TV show ‘FastMoney’ as the poster child for poor trading behavior and just an example of the real reasons behind the current ills.
    Jul 24 07:15 am |Rating: 0 0 |Link to Comment |View article

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