Comments on: Not Just a Price Floor, Treasury Programs May be a Stable Foundation for Economic Recovery

By: Buy, Sell or Hold: iShares Gold ETF Will Sizzle When U.S. Stimulus Spurs Inflation

Mon, 20 Apr 2009 10:21:47 +0000

[...] Money Morning: Not Just a Price Floor, Treasury Programs May be a Stable Foundation for Economic Recovery [...]

By: Is Goldman’s Share Offering an Attempt to Further Ensnare the Government?

Is Goldman’s Share Offering an Attempt to Further Ensnare the Government? — Wed, 15 Apr 2009 10:30:42 +0000

[...] Money Morning: Not Just a Price Floor, Treasury Programs May be a Stable Foundation for Economic Recovery [...]

By: Buy, Sell or Hold: Amazon.com Inc. Looks Even Better Now Than it Did in February

Buy, Sell or Hold: Amazon.com Inc. Looks Even Better Now Than it Did in February — Mon, 13 Apr 2009 09:35:05 +0000

[...] I expect the PPIP program to be a resounding success, as well, Since it not only provides huge subsidized financing from the government, it moves much of the credit risk in those positions to them. [...]

By: Why Simply Changing "Mark to Market" Rules Won't Lead to a Happy Ending

Why Simply Changing "Mark to Market" Rules Won't Lead to a Happy Ending — Fri, 10 Apr 2009 04:50:17 +0000

[...] confines of their circumstances, they pretend to be pirates, princesses and Jedi knights. Now, with the relaxation of "mark to market" valuation rules announced by the accounting trade’…, our bankrupt financial institutions can escape their own reality by pretending to be [...]

By: Congressional Panel Suggests More Executive Firings, Liquidating Bad Banks

Congressional Panel Suggests More Executive Firings, Liquidating Bad Banks — Wed, 08 Apr 2009 17:37:46 +0000

[...] Money Morning: Not Just a Price Floor, Treasury Programs May be a Stable Foundation for Economic Recovery [...]

By: First Quarter Earnings Will Make or Break Market Rally

First Quarter Earnings Will Make or Break Market Rally — Mon, 06 Apr 2009 13:02:34 +0000

[...] the economic calendar should give analysts more time to focus on the corporate reports and also to debate the merits of the new FASB mark-to-markets rules. While the news was initially extremely well-received, some feel that it contradicts the U.S. [...]

By: Myron Martin

Myron Martin — Sun, 05 Apr 2009 00:55:36 +0000

When I first started reading Shah Gilani's commentary I was somewhat skeptical of his viewpoints, him having been an insider in the establishment, but I gradually came to appreciate his expertise and accepted his solutions as more viable than what was taking place.

With this piece however I have to agree with the majority of the previous posters, he really DOSEN'T get it. You can not solve a problem of excessive debt by creating even more!

The problem is not lack of credit, it is the fact that our money supply comes into existence as debt and the debt pyramid has become so large that like any pyramid scheme it eventually collapses of its own weight. What IS needed is a total restructuring of the system instead of simply extending the existing problems with the same old same old to DELAY the ultimate collapse of a badly flawed system.

It is high time that the powers that be ADMITTED that going off the gold standard to a 100% fiat system was a BIG mistake!

By: Robert

Robert — Sat, 04 Apr 2009 15:02:56 +0000

So the accounting principle of "Lower of Cost or Market" appears to have been thrown out the window so that banks can continue reporting mortgage-backed insecurities, worth about 20 cents on the dollar in a real market, at about 97 cents on the dollar on their balance sheets. They actually believe that the market is going to magically recover and have real estate go for even more insane multiples of what it's really worth, and that people all over will be in the mood to pay far more than assets are worth. That's what I would call insanity!

By: James Yamaki

James Yamaki — Fri, 03 Apr 2009 22:57:12 +0000

I went back to my Economics 101 text, Economics – An Introductory Analysis by Paul A. Samuelson, Fourth Edition, page 313. It said, "The Federal Reserve is a Central Bank. Like the Bank of England or the Bank of France, it is a bank for bankers." I reiterate, it is a "bank for bankers". The Federal Reserve is a bank that takes care of the needs of banks. The needs of banks take priority over the needs of tax payers.

Somehow, something is amiss here.

Who has oversight over the Federal Reserve and commercial banks? Where is accountability in this equation, responsible, prudent men running the banking system? If they fail to act prudently what agency controls their activities? Who do they answer to? Do they go on their merry old way repeating the same old mistakes?

These are questions I ask myself and not getting any answers.

This is a crazy world we live in.

By: D Wetzstein

D Wetzstein — Fri, 03 Apr 2009 17:41:06 +0000

America may be on the move, bit the good old boy network is who will benefit from the positive emotion of investors.
However, the little investors will be the ones killed by the "still unrepentant good ole boy network".
Nobody has yet paid for the greedy missteps that led to this mess.
I for one will have no part of the continuation of, "I'm gonna get me some because if I don't get me some others will get it instead of me", which is what the attitude of packaged "lier mortgages" sellers had when getting rich on products they KNEW would fail.
This floor is built on sand be careful. The tidal wave is yet to arrive. Watch for commercial mortgages to fail washing away this floor.