Comments on: 6/5 Mr. Mortgage – News Picks of the Day! (ABK & MBIA!)

By: Marc Authier

Marc Authier — Sat, 07 Jun 2008 12:05:59 +0000

Hey! Jim Cramer is fired ! Just kidding.

By: Marc Authier

Marc Authier — Fri, 06 Jun 2008 16:23:02 +0000

Next step. Big layoffs at CNBC. TV depends on advertising and if people stop consuming, bye bye cushy parasitic jobs at CNBC. These pseudo-journalists will eventually have to find real jobs instead of selling their “snake oil” investment advices. Poor them! They are next on the chopping block.

By: 6/5 Mr. Mortgage - News Picks of the Day! (ABK & MBIA!)

6/5 Mr. Mortgage - News Picks of the Day! (ABK & MBIA!) — Fri, 06 Jun 2008 01:57:06 +0000

[...] Read the rest of this great post here [...]

By: Michael

Michael — Thu, 05 Jun 2008 21:26:42 +0000

Yes, a tad ironic that the markets had such a huge day on the back of strong sales from Costco and Wal-Mart. As for MBIA, I see their 14% bonds are STILL trading below water (bids are $77.00 to $95.00, depending on where you look). 15.50% yield to maturity.. Hmm.. even at AA it doesn’t smell right.

By: evil-A

evil-A — Thu, 05 Jun 2008 20:16:12 +0000

I watched Einhorn on CNBC this morning – boy were they trying to make him the villan! and I think he handled them very well, and even made some of them look a bit stupid about the markets they report on for a living. Hey, was today a short covering rally? I hate to watch cnbc, (but it is the only financial news I get, and like being able to catch data) – “Great Retail Data” “What recession, bla, bla, bla” and then oil shoots over $5 a barrel – biggest one day gain in dollars ever!!! Hey whatever, recession, depression, stagflation call it whatever the hell you want, we are in deep shit and the more this inflation hits, the more homeowners will default – even with solid loans, and earnings. The more we will see major (energy dependant) corps. going down, more people out of work, etc. There is no way this can be fixed, but for letting the system work itself out, painfully, and ending this market manipulation baloney.
okay, i’m done now.