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Frontline PBS Breaking the Bank Video

2009-06-16T19:41:00.000-07:00

Michael Kirk shows Ken Lewis and John Thain from Merrill Lynch in the rocky merger during the brink of the financial colapseVIDEO LINKType rest of the post here

PBS, the Ascent of Money

2009-01-23T23:04:00.000-08:00

Click this link to watch the ASCENT OF MONEY, a series on the crisis and the history of economics.Type rest of the post here

Make Me a Millionare Trader

2009-01-23T22:51:00.000-08:00

A six part series? Could you do this every day???Type rest of the post here

Its hard to trade these markets...

2009-01-18T11:03:00.000-08:00

Citigroup has been in the news reporting almost 10 billion in total losses for the quarter. What is surprising is the almost 2.4 billion total in Private Equity losses. Its hedge funds are doing even worse:Corporate Special Opportunities clients, who have been barred from redeeming their investments since last January, will get back on 3 cents on the dollar, the Financial Times reports. The

2006, Housing and my memories....

2009-01-04T22:24:00.000-08:00

I attended this conference back in 2006 that is cited in the Wall Street Journal.Nahrep's 2006 convention in Las Vegas was called "Place Your Bets on HomeOwnership." Countrywide Chairman Angelo Mozilo spoke, as did former Housing andUrban Development Secretary Henry Cisneros, a force in Latino housingdevelopments in the West.http://online.wsj.com/article/SB123111072368352309.htmlType rest of the

Predictions 2009

2009-01-01T22:23:00.000-08:00

Sorry for the dealy in posts. I have been active in markets lately but you can find me chatting up via MIRC at daytraders.org- nick ONmoney =)As far as lookback, we fell harder and faster then even i expected. I was very bearish since the start of the first Bear Stearns blowup in the Summer of 2007. Lets look forward to some major events that may come out in 20091) The currency markets will be

The “Dirty Little Secret” Of the US Bank Bailout

2008-10-30T16:58:00.000-07:00

In an unusually frank article published in Saturday's New York Times, the newspaper's economic columnist, Joe Nocera, reveals what he calls "the dirty little secret of the banking industry"--namely, that "it has no intention of using the [government bailout] money to make new loans."As Nocera explains, the plan announced October 13 by Treasury Secretary Henry Paulson to hand over $250 billion in

Bill O'Reilly Attacks Barney Frank 10-2-08

2008-10-09T00:33:00.000-07:00

the FED Balance sheet

2008-10-08T02:56:00.000-07:00

The rise was all the more worrying as it came despite an extraordinary expansion of credit by the central banks. Analysts at BNP Paribas noted the Federal Reserve alone had expanded its balance sheet by an astonishing 49 per cent in the past three weeks, taking its assets to $1,390bn.It also broke with tradition to lend to companies directly by buying unsecured commercial paper.”This is very

CME to start exchange to trade CDS

2008-10-08T01:35:00.000-07:00

On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts. The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integrated trading and clearing platform for the complex derivative contracts that have been one of the flash points of the credit crisis.I'm not a fundamental

US Credit Rating, AAA in question?

2008-10-08T01:16:00.000-07:00

“By keeping its stake in AIG below 80 per cent, as it did when it nationalized mortgage giants Fannie Mae and Freddie Mac 10 days earlier, the US government will be able to keep the company's finances off its accounts. But pressure is building on the pristine triple-A credit rating of the US government, the chairman of Standard & Poor's sovereign ratings committee said. The bail-out ‘has weakened

Commercial Real Estate and Las Vegas

2008-10-08T00:52:00.000-07:00

The share price of General Growth Properties Inc., the Chicago real estate investment trust that owns two major East Bay shopping centers, dropped 42 percent Tuesday.Investors are increasingly nervous that General Growth, the nation’s second-largest owner of retail centers with a portfolio that includes NewPark Mall in Newark and Southland Mall in Hayward, will not be able to pay off its loan

The Fed Credit Card, coming soon

2008-10-07T16:05:00.000-07:00

Look out Visa, Mastercard; The Fed Card coming soon. .09% on balance transfers over 100K, morgages and unsecured credit cards, upside down car loans and more welcome. No payments for 9 months. No congressional approval needed. Iceland citizens are also welcome.Type rest of the post here

Foreclosure vs. Battle Ground states

2008-10-07T14:57:00.000-07:00

an interesting way to look at the election.CLICK THE LINKhttp://hotpads.com/search/election-2008#Type rest of the post here

Market Bottom at Dow 9.5K

2008-10-06T21:12:00.000-07:00

Although a retest may come, it looks like 2008 lows might have been booked. Although the insurance companies remain subject to more stock price drops, the overall market may have adjusted. The largest risk to US stocks now comes from the overseas banking and currency crisis unfolding. We are now long several names, including options on stocks such as AAPL and more.With so much news coming out in

60 Minutes Shadow Bank Special

2008-10-05T20:09:00.000-07:00

Watch and enjoy the storyWatch CBS Videos Online or just hit the linkhttp://www.cbsnews.com/video/watch/?id=4502673n60 Minutes looked at one of the selling documents of such a security with Frank Partnoy, a former derivatives broker and corporate securities attorney, who now teaches law at the University of San Diego. "It's hundreds and hundreds of pages of very small print, a lot of detail here,

Markets bottomed on Sept 29th..

2008-09-30T21:51:00.000-07:00

I have a buy signal on the markets as of this AM. The financials indexes have retained the gains from July 20th and have not retested. They will start to lead on the upside. GS is showing incredible strength. This should be the low of the year. 2009 targets in this bear market are at DOW 8K. Type rest of the post here

Most Famous Video of 2008

2008-09-29T14:35:00.000-07:00

click to watchhttp://video.msn.com/video.aspx?mkt=en-US&vid=54c2933e-b7a3-4743-876e-6e618359573f target="_blank"

Kennedy tried to stop TARP 2008

2008-09-27T23:29:00.000-07:00

LOOK CLOSELY AT THE ABOVE BILL...notice what is says at the top?On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's

our Forefathers Guaranteed us Something..

2008-09-27T23:04:00.000-07:00

US Constitution.. 2.4But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.Type rest of the post here

Stopping a Financial Crisis, the Swedish Way

2008-09-27T10:27:00.000-07:00

Sweden took a different course than the one now being proposed by the United States Treasury. And Swedish officials say there are lessons from their own nightmare that Washington may be missing.Sweden did not just bail out its financial institutions by having the government take over the bad debts. It extracted pounds of flesh from bank shareholders before writing checks. Banks had to write down

McCain vs. Obama Housing Bubble

2008-09-27T09:12:00.000-07:00

Watch thisType rest of the post here

It's A Wonderful Life bank run

2008-09-13T06:26:00.000-07:00

ok kids.. ive been busy trading stocks and all that good stuff. I'm moving so quick now that its hard to post the positions. I have to say this was one of the most interesting market weeks we've had in the last year. But i had to post this 9 minute clip for your viewing pleasure. I hopey you enjoy it! Type rest of the post here

Obama is being Sued...

2008-08-23T02:32:00.000-07:00

Well I HAD TO POST THIS..1940 Nationality Act (Stanly Ann Dunam) moved to Indonesian married and lost her citizenship in the US, when Obama was 6 years old. School Records indicate nationality of Indonesia and he was listed as Muslim. His father might have adopted him at that time so he would have lost it. His Mom, when returning to the US did not retake an oath to the US, before a diplomat or

Investment Banks, Real Estate and updates.

2008-07-29T15:58:00.000-07:00

The recent technical higher high zig zag in the market shows the importance of why trading and using 3 day positions makes for profiting in this type of market.The recent news of Merrill and its 23 dollar / share secondary and capital raise and the sale of bonds at 22 cents the dollar is showing signs of what a new CEO is all about. Citi is still holding back hoping for either higher pricing or