ResourceWise

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    • Thu Nov 20th 07:17 AM | Rating: 0 0
      Commented on:
      Will Citigroup Regain Its Lost Luster?
      The banking model where you make real money out of phantom money is dying. We need to get back to a model that is focused on meeting customer needs effectively and making a profit as a result. How boring but sustainable! Unfortunately the system is awash with toxins and I fear that the prolonged ‘near death’ experience will continue for some more time. As a shareholder of Citi for over the past 15 years, I have watched in horror as its share price has being massacred over the past 18 months, I can only keep fingers crossed and hope that actual death doesn’t occur. Since the other banks are in the same leaky boat, society will hopefully rescue them – but hold to account those who have rewarded themselves so handsomely with other people’s money.
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    • Thu Oct 30th 10:25 AM | Rating: 0 0
      Commented on:
      Volkswagen Demonstrates the Market's Sturm und Drang
      This rare opportunity of seeing short sellers on the receiving end of a bad bargain represented a bright spot in a general environment of doom and gloom. However it emphasises the need to stop all market distorting practices and for shining a light on all market participants. The rules of the game need to be clarified and applied to all players. The casinos need to be separated from investor markets.
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    • Thu Oct 16th 13:04 PM | Rating: 0 0
      Commented on:
      Destruction of Wealth?
      The US economy has become a giant casino, where, for example a car manufacturer made more profit from selling car loans than selling cars! Something had to give – and it has with a vengeance. We can now watch with horror as the 6 trillion dollar Credit Default Swap market unravels - 1000 dollars for each man, woman and child on this earth – yes even the 2 billion that who live on less than one dollar a day!
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    • Mon Oct 6th 05:43 AM | Rating: 0 0
      Commented on:
      Citigroup Should Walk Away from Wachovia
      I think that Wells Fargo has given Citi an opportunity to ‘dodge a bullet’ over their shot-gun engagement with Wachovia. They need to settle for a payment and walk away and focus on their existing global franchise. Prudence not ego will be more useful at this time.
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    • Mon Oct 6th 05:41 AM | Rating: 0 0
      Commented on:
      How Much Will a Wells-Wachovia Deal Cost Taxpayers?
      I think that Wells Fargo has given Citi an opportunity to ‘dodge the bullet’ over their shot-gun engagement with Wachovia. They need to settle for a payment and walk away and focus on their existing global franchise. Prudence not ego will be more useful at this time.
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    • Mon Oct 6th 05:17 AM | Rating: 0 0
      Commented on:
      Batten Down the Hatches: Economic Forecast
      I agree with DenisL (Oct 5 at 2:12pm). The mortgage related credit derivatives market is a small part of the total market where lack of clarity of ownership and responsibility is all pervasive. It is necessary for this massive 'can of worms' to be dealt with. If in the process house prices fall to affordable levels and stock values actually represent the worth of the companies - that should be acceptable to all champions of the free market. Public money is better spent on investment in the crumbling infrastructure and in promoting alternative energy solutions. Jobs will follow the money.
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    • Mon Oct 6th 04:58 AM | Rating: 0 0
      Commented on:
      Credit Crisis Sharpens Anger Over CEO Pay
      I like the argument that you have presented though I don’t agree with the remedies. Capping salaries and benefits, and/or deploying punitive taxes will not only destroy innovation and enterprise, but will also stoke corruption – misuse of corporate resources. However the current system is rotten to the core, where insiders pick the pockets of the public and call it capitalism! It needs some serious decontamination.

      A fresh regulatory framework that creates transparency for all players in the markets is an absolute necessity. Congress needs to invest some quality time in building a new integrated framework as well as creating an independent regulator that has authority over all market participants. They also need to coordinate regulatory efforts with rest of the world to minimize arbitrage.

      Meanwhile as the system deleverages, we’ll just have to grit our teeth and keep our fingers crossed.

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    • Sat Oct 4th 11:32 AM | Rating: 0 0
      Commented on:
      Citi Examines Its Carrots and Sticks
      Citi has been presented with an excellent opportunity to cash out the deal and focus on its own current sprawling global franchise. There is huge value it can unlock for the shareholder by managing the existing franchise effectively – without getting bogged down in additional remedial portfolios. Citi, please quit while you’re ahead!
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    • Thu Oct 2nd 12:30 PM | Rating: 0 0
      Commented on:
      The U.S. Shouldn't Pay Ransom to Wall Street
      Tom, I agree with your approach. It is incredible that the US government is contemplating the option of pouring copious quantities of fuel on the fire raging at Wall Street. A cold shower i.e. insistence that the books of all players be open to inspection by federal authorities so that transparency can be increased in the markets – may be a better solution. This reduction of uncertainty will help stabilize the markets – perhaps at a short term loss of 500-600 points on the Dow, which may not be a bad place to be.
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    • Thu Oct 2nd 11:43 AM | Rating: 0 0
      Commented on:
      The Cost of Putting Expedience Before Justice
      Steve, that is a very thoughtful view. Implementing a solution for an ill-defined problem reduces its chances of success. But I guess gambling is the best way to bail out a casino!
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    • Thu Oct 2nd 11:24 AM | Rating: 0 0
      Commented on:
      The "Heads I Win, Tails You Lose" Bailout Bargain
      Wall Street is driving the agenda, so speed is trumping common sense. It is surprising that sets of alternatives have not been presented to the law makers by the Treasury, Fed and SEC, explaining the upside and downside of each set of alternatives. This would allow decisions/votes on the basis of informed choice rather than a ‘gun to the head’. It would be useful to first put in place some mechanisms that promote transparency before pouring $700 billion onto a gambling table with loaded dice. Only regulated banks, who fully and openly report all their debt holding should be allowed to participate in the solution. This will keep out the shadow players who are there to make a quick buck rather that help alleviate the credit crisis.
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    • Thu Oct 2nd 09:25 AM | Rating: 0 0
      Commented on:
      Fear and Greed: Premise for Capitulation and Overreaction
      The financial markets must serve society in a manner that minimizes the chances of an economic Chernobyl. In its current form the markets are a collection of camouflaged time bombs that can be triggered off by any intelligent fool that has access to it – including the hedge funds and private equity funds that aren’t regulated but can play in the market and destroy value to create wealth for themselves. Their licence to steal needs to be revoked. There is a huge ocean of debt (estimated by some at $7.5 Trillion!) whose toxicity is still unknown. Unfortunately the same players and entities that are center stage in the bailout are now being empowered by society to fix the problem. I think the rules of the game need to be re-written and brutally enforced so that greed can be tempered by fear, rather than feeding on it.
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    • Wed Sep 24th 10:53 AM | Rating: 0 0
      Commented on:
      Do Paulson and Bernanke Really Understand What's Going On?
      When I heard the Paulson-Bernanke-Cox deposition before the Senate Banking Committee yesterday, I did get a sense that they were not taking a multi-pronged approach to the challenge at hand. So Jason's perspective is a useful addition to the picture. I suspect that the Treasury et al are finding it difficult to put all their cards on the table, so we're probably seeing a fraction of the picture. I would vote for an equity infusion provided the respective banks open their books to the government and provide them with an accurate description of their 'current state' with a credible action plan to navigate their way ahead over the next 36 months. The equity infusion they receive will depend on the 'perceived value' of their current situation and the credibility of their 'corrective action plan'. Doing anything less would just mean throwing good money after bad.
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    • Fri Sep 19th 15:48 PM | Rating: 0 0
      Commented on:
      Bring Back the Uptick Rule
      CLH, the market works?! Surely you're kidding?!!! The market is a stacked deck, a loaded dice, a mugs game and needs a thorough review so that the theft of shareholder value is made harder.
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    • Fri Sep 19th 14:50 PM | Rating: 0 0
      Commented on:
      SEC Will Ban Short Selling: America's Leaders Break Down
      Bill please explain the value that short sellers bring to the market. Investors provide capital for production of goods and services, what exactly do short sellers provide?
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