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t's certainly a bill full of unintended consequences. Very nice analysis. It is the unintended consequences that get you every time. I have another thread on that but I have to go to w**k right now.

And let's not forget poor Maria! And let's not forget poor Maria! Everything was going great at first. She had a mortgage with negative amortization and low monthly payments of $99 for the first 24 months. Then the rate increased to 11.9% and her payments jumped to about $6,000 per month with...

In a way, they are victims as much as everyone else. If it hadn't been for Maria Ochoa in San Diego buying that $500,000 dollar house even though she made only $25,000 per year and being behind five payments none of this would have happened. No one could have predicted this. The firm would...

A little bit of clarification may be in order here. Cayman Brothers, LLC sold about 100 of these policies for one billion each. The price was not that bad, 1% of face value. No one really had any doubts about the firm because they made 100 billion in 2004 when these were first issued. The...

The only thing to do is pay off the swaps I have addressed this elsewhere, as you know, but you do not pay off the "swaps" If you do ... I have a stack of "Toxic Debt" I would like the Fed to buy. I'm fairly certain it is toxic because I printed it up on my old ink jet. Ye Olde Credit...

Indeed! The 100 Million in bonuses makes good press but it's the trillions that have been dumped into someones black hole that really gets me riled.

I'm not taking my CLK 500 to the car wash as often. :(

but the leverage and derivatives DERIVE from the sour mortgages that are not performi Correcto-mundo! Credit Default [-]Scams[/-] Swaps are insurance policies. Companies that write them collect a premium when they sell them. Then they use the premium income to pay [-]co-conspirator[/-]s...

All I know is that every time Obama speaks.. That should give us some insight about "the market". My copy of "Security Analysis - Sixth Edition" By Benjamin Graham, et al. arrived from Amazon yesterday. It is an imposing tome but so many experts regard it highly that I thought I should at...

I guess that just proves that if you go fishing in a pool of toxic waste you are likely to catch - toxic waste.

I have no idea how they/I'm doing. If you go to Yahoo Finance and enter the symbol for your fund you can get some of the information you desire. Yahoo charts are nice because there is a little slider at the bottom so you can adjust your start and end points. This will give you a chart of what...

What is the most amazing, low fare intercontinental ticket price you have seen?

OK, so fees bring it up to $457. Does anyone have enough money to take advantage of cheap flights to Europe?

Wasn't Hank Paulson's firm a big investor in AIG? A.I.G. Lists Firms It Paid With Taxpayer Money By MARY WILLIAMS WALSH Among the biggest recipients were Société Générale, Deutsche Bank and Goldman Sachs, all of which were owed money from credit default swaps...

I did this once with some raw land that I owned outright. I guess this is more like seller financing although the principle is the same. It worked out very well for us. We earned much more than we would have earned selling for cash or a buyer/bank financed loan and putting the money into CD's...

things would be a whole lot worse right now. You may be right. They would certainly be a lot worse for some people ... right now.

Right now banks are hoarding cash I wonder. The market cap of Citigroup is 9.7 Billion. According to this post: JBlog Central - The Jewish Blog Network | Third round of bailouts for Citigroup Taxpayers have pumped 45 Billion dollars into Citigroup and agreed to cover 90 percent of Citi’s...

On the bright side we have saved the wooden arrow manufacturers. Lloyd Chapman: Bailout Bill Gives Tax Break to Wooden Arrow Manufacturers While Small Business Get the Shaft I shudder to think where we would be now if they had gone under. We would be paying their pensions, health care, etc...

Each sightholder is given a box of diamonds. Those are the best parts! The carpet thing reminds me of when I used to collect stamps as a kid and buy bags of "unsorted" stamps with the promise of undiscovered valuable stamps in the bag. Same with bags of old coins. I guess it is an age-old scam...

CDO - It's not just for Wall Street anymore! I think they are called Collateralized Debt Obligations! The fun part is you can dump in lot's if skanky debt, leverage them to the moon, make billions, and the taxpayers will bail everyone out in the end when the whole thing collapses! I'm in!!

I say we should not have given them a dime. Let the chips fall where they may. End of story.

B Share arbitrage Nice! Did you see this article on B share pricing? The Rational Walk

Great! (From your link): "Instead, many filers -- mistakenly, carelessly, intentionally -- enter the numbers from their statement of earnings as if they were from a W-2, allowing TurboTax to compute what appears to be an error-free return, Flores said." "The system is not going to stop and ask...

Pray for global warming! Pray for global warming!

Arguably, NOTHING HAS CHANGED, except the perceived value of some complex Wall Street paper. There has been no war. No new war, anyway. No drought. No plague. Everything is basically the same. This whole financial crisis is an illusion. Just put all the numbers back where they were. I think...