Disqus - Latest Comments for Jim T

Re: Derivatives: The Great Unwind

Jim T — Tue, 14 Oct 2008 20:54:48 -0000

Anybody that has been following this mess closely can not be too surprised by the list of usual suspects that have high levels of exposure. My two favourites at the top of the list are JP Morgan & PIMCO (I'ld like to see them both burn in hell) or at least go bust big time. Which two names have been more active then these two over the last 6 months? (Nobody!) These two companies are the poster children for this Derivatives Crisis and should be called out and made to pay for it.

It's just too bad that they run the "Shadow Government" and will surely only profit from what they have caused! But don't forget to a lesser degree Citibank, Bank of America, Wells Fargo, Bear Stearns and Wachovia ARE OR WERE big players in this mess too.

The Government & Shadow Government story is this entire mess is the fault of Sub-prime. Why is that? It was only a $500 Billion Dollar Market which is chump change compared to what they are spending now. Well, because if they can get you to believe this is all happening because of Sub-prime loans then that makes a certain segment of the public to blame. BUT, IF THE TRUTH WAS KNOWN and the public found out the real problem is Wall Street Creation with Government backing "Derivatives" and has nothing to do with Mom & Pop US Citizen. Well that is a horse of a very different colour and I suspect more then a few people would be really pissed off and civil unrest might be in the cards.

It's coming because the truth will get out eventually and the Corporate and Government Big Wigs better watch out. The French Revolution will go down in History as a camp fire compared to a 2008 - 2009 US Revolution.

Re: The Banking Crisis is Over (?) Long Live the Economic Crisis

Jim T — Wed, 15 Oct 2008 18:47:01 -0000

MATH TEST

TITANIC = UNSINKABLE SHIP
+ US ECONOMY = UNSINKABLE SUPER POWER
-------------------------------------------------------------------------------
NO GUARANTEES IN LIFE = NOTHING IS UNSINKABLE

Re: GM Bondholder Group: "Offer Neither Reasonable Nor Adequate"

Jim T — Tue, 28 Apr 2009 04:00:43 -0000

If the Government and Unions want to avoid BK then they need to get real with the Bond Holders.

Debt to be retired;

Goverment : $27B / Union $20B / Bond $27B Total $74B

Exchanging $74B for 99% of Stock should be as follows;

Government 36.12% / Union 26.76% / Bond 36.12%

But if Union gets $10B in cash and retires only $10B then

Government 41.76% / Union 15.47% / Bond 41.76%

As usual Pres OBAMA is trying to play politics here and give more to his friends then they deserve. Union needs to take a protortionate hair cut Dollar for Dollar!

It's the damn Unions Greed that drove GM into the ground in the first place NOT THE BOND HOLDERS!

Re: GM Bondholders Said To Find Debt Offer Unlikely To Succeed

Jim T — Tue, 28 Apr 2009 04:15:37 -0000

Re: Cliff Asness "I Am Ready For My 'Personalized' Tax Rate Now"

Jim T — Tue, 05 May 2009 17:59:18 -0000

PRESIDENT OBAMA is a bleeding heart left winged liberal BULLY! And they are the worse kind of Bullies! On one hand they try to portray themselves as the nice guy that everybody should like and love, but underneath that nice guy mask lurks the true DEMON.

Example: We Do Not Torture! Even terrorist that want to kill Americans! How bleeding heart Left Wing Liberal is that? But then he turns around and Bastardizes the Hedge Funds because they didn't want to take a $4 Billion Dollar Hair Cut that the UAW should have to wear!

Scary guy!

Re: GM Is Officialy Wiping Out Common Shareholders

Jim T — Wed, 06 May 2009 20:14:42 -0000

I hope the bond holders unite against selling out! Where in the hell does President Obama get off thinking he can BULLY the bond holders into paying HIS DEBT TO THE UAW? The UAW didn't do anything for the BOND HOLDERS so why should they be compelled to take the UAWs loss?

THIS IS SO UN-AMERICAN & UNFAIR! COMRADE OBAMA protecting all his little socialists at the UAW!

That should make every Red Blooded American SICK TO HIS/HERS STOMACH!

Re: The Federal Reserve Can Not Account For $9 Trillion

Jim T — Tue, 12 May 2009 06:31:30 -0000

YOU HAVE ENTERED THE TWILIGHT ZONE!

You really get that feeling when you read things this insane! Well, what in the hell did we expect when we don't hire a BANKER to run the WORLD's LARGEST BANK! No, let's hire an Academic/Professional Student (Absent minded Professor) to run the WORLD's LARGEST BANK he'll do a GREAT JOB!

Dr. Bernanke we seem to have a minor problem, sir. You forgot to put anyone in charge of account for the $9 Trillion Dollars entrusted to us and now we don't know where it went!

Do you think some heads should roll over this?