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POPSJim Cramer: Abandon the market immedieately, no matter the losses you take "Whatever money you may need for the next five years , PLEASE take it out of the stock market right now, this week. I do not believe you should risk those assets in the stock market." See also: Wall Street's Racket Has Gone Too Far, and We're Going to Pay the Heavy Price When Jim "Mad Money" Cramer says sell immediately, no matter the loss you take... If America goes bankrupt, I hope we at least have enough cash on hand to get our troops a cab ride home from our far-flung (and expensive) empire.
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POPSRemoving Charge Offs From Your Credit Report If you have charge-offs on your credit report, your ability to obtain credit will be severely impaired and will require an active pursuit to restore your credit scores. This article will help you in removing charge-offs from your credit report.
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POPSBritish Commander: Taleban Cannot be Defeated He says the American strategy is doomed to fail. The Taleban (which denied any knowledge, role or involvement of themselves or bin Laden in 9/11) are tough, despite the image portrayed in media: the Taleban, tactically, is reasonably resilient, certainly quite dangerous and seems relatively impervious to losses. Its potency is as a force for influence.” The war in Afghanistan is not about "terrorism". (Repetition and mere allegation do not equal truth). It's about "regime change" and oil pipeline from the Caspian region (to Pakistan and the sea).
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POPSRemoving Charge Offs From Your Credit Report If you have charge-offs on your credit report, your ability to obtain credit will be severely impaired and will require an active pursuit to restore your credit scores. This article will help you in removing charge-offs from your credit report.
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POPSRemoving Charge Offs From Your Credit Report If you have charge-offs on your credit report, your ability to obtain credit will be severely impaired and will require an active pursuit to restore your credit scores. This article will teach you how to remove charge-offs from your credit report.
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POPSGOP Strategists See Big Nov. Losses "If you turn the clock back two or two and half weeks, you could make a plausible argument that if a couple of things go our way we will lose three to four Senate races," an unnamed strategist told WaPo . "Now we will lose six to eight." Polling in most Senate races over the past 14 days has shown a five-point decline for the Republican candidate, the strategist said. The piece continues: The picture in the House is similar. The generic ballot test -- a traditional measure of broad voter attitudes -- has also moved decisively in Democrats' direction in recent days. The latest NBC-Wall Street Journal and Associated Press polls showed voters favoring a generic Democratic candidate for Congress over a generic Republican by 13 points, while a recent Time magazine poll gave Democrats a 46 percent to 36 percent edge. It's looking more and more like 2006 all over again.
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POPSJob Losses Highest in Five Years Why is it that what invariably seems to trickle down from trickle-down economic practices is high unemployment? Could it be that the tricklers tend to hoard and offshore wealth instead of investing it in industries that hire people into good paying jobs?
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POPSDemocrat Fingerprints Are All Over The Financial Crisis ........under stricter regulatory control. In 2006, it was revealed that Fannie Mae had overstated its earnings – to which its senior executives' bonuses were linked – by a stunning $9.3billion. Between 1998 and 2003, Fannie Mae's executive chairman, Franklin Raines, picked up over $90m in bonuses and stock options. Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness , the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines."
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POPSThe $55 Trillion Dollar Question a University of Maryland law professor and former director of trading and markets at the Commodity Futures Trading Commission. "If they couldn't keep passing the risk down the line, those guys would've been stopped in their tracks. The ultimate assurance for issuing all this stuff was, 'It's insured.'" Second, terror at the potential for a financial Ebola virus radiating out from a failing institution and infecting dozens or hundreds of other companies - all linked to one another by CDS and other instruments - was a major reason that regulators stepped in to bail out Bear Stearns and buy out AIG (AIG, Fortune 500), whose calamitous descent itself was triggered by losses on its CDS contracts (see "Hank's Last Stand"). "The big problem is that here are all these public companies - banks and corporations - and no one really knows what exposure they've got from the CDS contracts," says Frank Partnoy, former Morgan Stanley derivatives salesman.
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POPSSuspend Mark-to-Market & Lift Cap on FDIC’s Republicans looking for a much cheaper alternative to giving Paulson the authority to purchase up to $700 billion in troubled assets leapt at the idea. "This is an artificial crisis. This is a crisis of choice, not necessity," Issa said after the vote." Yesterday's bill was dramatically better than the original Paulson plan -- but still flawed. With any luck, the House Republican's move yesterday to reject the bill will result in a much better bill we can be proud of.
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POPSThe Financial Crisis And how many politicians have we heard say that this Financial Crisis is Bush's fault. If you repeat a lie often enough, people will begin to believe it. Leave no incumbent in office.
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POPSIs Helping-Out Also Bailing-Out? While the House failed to pass the $700 billion bail-out, the FDIC is pledging millions to Citigroup for its Wachovia deal. That could be, in effect, a different flavor bail-out.
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POPSTaking a loss on a trade This long post is well worth the read to help in coping with a loss on a trade or more specifically when and how to take a loss.
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POPSChina Determines American Banks Are Unsafe Investment Thanks to America's unethical corporate practices, inattentive regulators and distracted politicians whose favors are being bought by corporate lobbyists, it only took Bush/Cheney and their gang less than eight years to destroy foreign relations so completely that countries are beginning to back away from the U.S. banking system.
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