Disqus - Latest Comments for mgdungan

Re: When will “more debt” not be the answer?

mgdungan — Wed, 15 Oct 2008 17:21:36 -0000

Yes, who are they trying to kid and how much longer will the general public be oblivious to what's really happening?

Savings are being demolished across the board.

Re: Derivatives: The Great Unwind

mgdungan — Wed, 15 Oct 2008 17:16:08 -0000

Another excellent point.

There's always something in the background that benefits GS, isn't there.

mg

Re: Derivatives: The Great Unwind

mgdungan — Wed, 15 Oct 2008 17:14:34 -0000

Interesting points, Jim.

I think the average, hard-working, family types are starting to figure out that something very bad is happening. And, as you point out, it isn't the fault of a relatively few people who paid too much for a house or even those walking away from that house.

The blatant thievry is staggering.

mg

Re: The bailout staggers on through Congress

mgdungan — Fri, 03 Oct 2008 16:50:28 -0000

Right on, Fielding Mellish.

All that and the stock market was down again today. Bloomberg says it's because the package wasn't big enough. Who decides these things? The country and the dollar have been weakened further.

And so much for listening to the voters. There was an enormous grass-roots protest, which was ignored.

Today's Friday. What will be bailed out this weekend?

Re: Wachovia - Time to Bail?

mgdungan — Mon, 29 Sep 2008 18:10:29 -0000

I couldn't run the video, Marko, but I'm going to make a wild guess that it's something negative.

This isn't really a bail out, more of a seizing control and wiping out certain classes of debt and equity holders.

More mark-to-marketing too. If it weren't for the much larger crisis with the Paulson Bailout Plan today getting all the attention, we'd be hearing a lot more about it.

Fortunate coincidence, I guess. Yeah, that's it, fortunate coincidence.

mg

Re: Wachovia - Time to Bail?

mgdungan — Mon, 29 Sep 2008 18:00:24 -0000

Re: investing overseas. You've got a good point, Frank. But you've got to make sure you can repatriate those $$ when you need them.

Taking money out of your home country has been a precaution of the thirld world, up until now that is. Amazing what things have come to.

mg