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lunar 15.07.2008 15:59 nichts Neues - aber seine deutlichen Worte sind immer erfrischend :cool

JIM ROGERS - Don't bail out Fannie, Freddie

lunar 15.07.2008 19:59

....aus dem YAHOO-Board von YAMANA

Naked Shorting is over!!
15-Jul-08 01:26 pm

Paulson, Cox, and Benanke are getting grilled by the Senate Banking Committee about Naked Shorting. Paulson & Cox were adamant that they are cracking down on the practice to end it entirely!! Finally!!


You didn't listen carefully. He said it was just for FNM and FRE and later he said it was for 30 days....lmao

These guys are so phoney it makes me sick.
Why don't one of these guys ask why the uptick rule was removed? I would love to hear the reasoning behind it.


WASHINGTON -- The Securities and Exchange Commission announced an emergency action aimed at reducing short-selling in Fannie Mae and Freddie Mac stock, and will immediately begin considering new rules to extend those trading limits to the rest of the market.


Naked short selling has ALWAYS been illegal, why are they not addressing that?
Instead they get all giddy that now after the market is almost cut in half the SEC is going to address the issue? What the @#$% were they doing before today? Isn't that their job?
The more CNBC talks about this the more pissed off I am getting. They are truley CLUELESS. It's like they just heard of it. UN-F'N-BELIEVABLE.


What I heard was the "emphasis" would be on FNM & FRE for 30 days but that they are in the process of expanding and establishing strict protocols to monitor short sales and crack down on market rumors.

Dodd also harped on the Naked Shorting and suggested news of this hearing would begin to cause traders to end the practice knowing the SEC is going to enforce the rules.

This morning Schumer asked Bernanke about the uptick rule and Bernanke suggested he ask Cox & Paulson this afternoon, stay tuned. The uptick rule has to be re-instituted IMO.

Whether the SEC and Cox follow up on naked shorting sure remains to be seen.


Not to mention they would probably exempt pm's and gold, it being one of their primary enemies and exposes them for what they are a complete fraud on the free market system. Such a herd of rats and scum they are. :rolleyes


Re: Naked Shorting is over!!

SEC to Limit Short Sales of Fannie, Freddie, Brokers (Update1)
By Jesse Westbrook and David Scheer

July 15 (Bloomberg) -- The U.S. Securities and Exchange Commission will take emergency action today to the limit the ability of traders to bet on a decline in the shares of Freddie Mac, Fannie Mae and brokerages, the agency's chairman said.

Christopher Cox told the Senate Banking Committee that the SEC will issue an order today imposing a ``preborrower requirement'' on short sales in the mortgage-financing companies and Wall Street firms. The requirement would prohibit the practice known as naked short selling, in which traders avoid the financial burden of borrowing shares when betting they'll fall.

``In addition to this emergency order, we will undertake a rulemaking to address the same issues across the entire market,'' Cox said in his remarks to the committee.

The SEC has been investigating whether trading abuses contributed to the collapse of Bear Stearns Cos. in March and the 78 percent drop in the market value of larger rival Lehman Brothers Holdings Inc. this year. Fannie Mae and Freddie Mac have each lost about 80 percent of their value amid speculation the mortgage-market crisis may push the firms into insolvency..........

.....Naked short sellers do the same thing, with one difference: They don't borrow any shares. Naked short selling isn't illegal in most cases, unless authorities can prove fraud, such as a scheme to manipulate stock prices.... (...da wird es eben ganz auf die Aktie ankommen ob manipulation oder nicht - und wem das passt oder eben nicht :rolleyes:bad)


Aktie ist eben nicht Aktie - und Beschiss ist eben ....tja was denn :gruebel

lunar 15.07.2008 20:15

Re: Naked Short Selling Changes...Good for Fannie & Freddie what about everyone else?
SAN FRANCISCO (MarketWatch) -- Christopher Cox, chairman of the Securities and Exchange Commission, said on Tuesday that the regulator will try to limit so-called naked shorting of shares in Fannie Mae, Freddie Mac and primary dealers including Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs. The SEC will issue an emergency order stating that all short sales of shares in these companies will be subject to a "pre-borrow" requirement, Cox explained. This will last for 30 days, he added. The SEC is also planning more rule-making focused on the broader market, Cox said. In a typical short sale, traders sell borrowed shares, hoping to buy them back at a lower price and return them to the lender. The difference is kept as profit. In naked shorting, a trader shorts a stock without first making necessary arrangements to borrow shares. That sometimes means the seller fails to deliver the stock to the buyer and the trade can't be settled, running afoul of securities laws.

"The SEC is also planning more rule-making focused on the broader market".
Will the exclude CDE from the broader market???

....gleiches Recht für alle :ironie

lunar 16.07.2008 09:25

The Perils of Paulson
Taking aim at Treasury Secreatry Henry Paulson's bailout plan for Fannie and Freddie, with Sen. Jim Bunning, (R) Kentucky, and CNBC's Larry Kudlow.

...lohnt sich jedenfalls die ersten 4,5 Minuten ;)

...hier nochmal geupdated:

lunar 16.07.2008 10:27

Naked Short Sellers Attack Fannie Mae!

July 15, 2008

Elaine Meinel Supkis

Today was a fine, mixed up sort of day. Oil went down but is still far above last year's prices. The dollar keeps dying because our banking system and our government are striving for bankruptcy status. We look at a very strange debt offering from a local bank. The SEC is going after even more hell hounds and pirates concerning the possibility of 'false rumors' causing stocks they were shorting to tank. And the government also wants to stop 'naked short selling'. We were told some months ago, this thing didn't exist. HAHAHA. Also, the Democrats threaten to hand out more and more and more 'tax rebates'. This is pure madness. Inflation is still king, I say.......

Fannie, Freddie Drop as Ackman Shorts, Moody's Cuts
(Bloomberg) -- Fannie Mae and Freddie Mac plunged as Moody's Investors Service cut the financial strength ratings of the biggest U.S. mortgage-finance companies and said credit losses jeopardize dividend payments. Fannie Mae dropped as much as 30 percent in New York and Freddie Mac declined 34 percent, as investors lost confidence that U.S. Treasury Secretary Henry Paulson's plan to avert the collapse of the mortgage firms will rescue shareholders.

Shareholders' ``money really is at risk,'' Len Blum, managing director at Westwood Capital LLC in New York, said in a Bloomberg Radio interview. ``There is no bailout for shareholders. Anyone who thinks that is delusional.''
Fannie Mae fell $2.40 to $7.33 at 11:45 a.m. Freddie Mac dropped $1.81 to $5.30. Fannie Mae's 5.5 percent perpetual preferred shares dropped 22 percent to $18.75. Freddie Mac's 5.57 percent preferred stock declined 16 percent to $9.37.

SEC to Limit Short Sales of Fannie, Freddie, Brokers
(Bloomberg) -- The U.S. Securities and Exchange Commission will limit the ability of traders to bet on a drop in shares of brokerage firms, Freddie Mac and Fannie Mae as part of a crackdown on stock manipulation, the agency's chairman said. Christopher Cox told the Senate Banking Committee the agency will require traders to hold shares of the two mortgage buyers and the brokerages before they execute a short sale. The order, to be in effect for as long as 30 days, will bar the practice called naked short selling, in which traders avoid the financial cost of borrowing shares when betting they'll fall.

Not too long ago, there was debate online about even the existence of 'naked short selling'. It sounds like something very small trolls do. Some very frustrated businesses that have been hammered by this sort of sales were complaining loudly about short selling wrecking their businesses. Now that a quasi-government business is going under, suddenly the SEC and the Fed talk about stopping 'naked short selling.' This tells us that things that bother us don't bother them until it happens to them. Then they suddenly are aware of what is going on! Well, talk about burned hands learning about fires!....

lunar 16.07.2008 10:31

Here is a chart from the US government concerning our trade deficit history:

As usual, I heavily edited it to show the dynamics here. Note how during the Gold Standard years when the dollar was still pegged to gold, the US had a positive trade regime. Also, the negative numbers on the other side are foreign workers who made money for Americans. Note the abrupt switch when Nixon and Burns dropped the gold peg: instantly, the US began to run trade deficits and the number of Americans working for foreigners began a swift climb! Note also how the rise in exports and the huge rise in the number of Americans working for aliens have not even barely begun to catch up with the US trade deficit which utterly runs out of control.

None of the business this year which our government talks about deals with any of this. The loss of sovereignty is tremendous when we consider that the US was, for most of our history, a big economy within our own selves. Now, we struggle to have a global economy and are losing both our sovereignty and we are deeper and deeper into debt, at the same time.

lunar 16.07.2008 14:50

Jul 15 2008 6:18PM EDT 'Wall Street Journal' to Raise Cover Price, Again

Rupert Murdoch must think highly of the changes he's made to The Wall Street Journal: He expects readers to pay one-third more for it.

Starting on July 28, the Journal will raise its cover price from $1.50 to $2.00, putting it on a par with the Financial Times. Interestingly, the hike comes as the paper's editors are being urged to think more about how they can use the front page to boost newsstand sales -- not something that has traditionally been a major focus....

full story: inflation :respekt

Consumer prices jump 1.1 percent in June

By MARTIN CRUTSINGER, AP Economics Writer 24 minutes ago

WASHINGTON - Consumer prices shot up in June at the second fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.

The Labor Department reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. Energy prices rocketed upward by 6.6 percent, reflecting big gains for gasoline, home heating oil and natural gas.

The big rise in prices cut deeply into consumers' earning power with average weekly wages, after adjusting for inflation, dropping by 0.9 percent in June, the biggest monthly decline since 1984.....

lunar 16.07.2008 14:59

UpInArms Wed Jul-16-08 08:04 AM
Response to Original message 16. Goldman Is Queried About Bear's Fall Edited on Wed Jul-16-08 08:10 AM by UpInArms

Goldman Sachs Group Inc. is the envy of Wall Street, navigating the credit crisis relatively deftly as many of its peers have been battered.

Now, the big securities firm has come under suspicion, at least from the chiefs of two rivals who have questioned in recent months whether Goldman, even indirectly, might have put pressure on their firms' stocks.

Alan Schwartz, who headed Bear Stearns Cos. when it collapsed in March, has pointedly asked Goldman Chief Executive Officer Lloyd Blankfein whether there was any truth to talk that in the days preceding Bear Stearns's fall, traders in Goldman's London office manipulated the struggling firm's stock, according to a person with knowledge of the conversation.

Lehman Brothers Holdings Inc. CEO Richard Fuld Jr., whose firm's shares also have been battered, also has contacted Mr. Blankfein. "You're not going to like this conversation," Mr. Fuld told Mr. Blankfein, according to people familiar with their talk, but he was hearing "a lot of noise" about Goldman traders who allegedly spread negative rumors about Lehman. In recent months, Mr. Fuld has contacted traders he felt may have been bad-mouthing his stock, according to someone familiar with the matter. Spreading rumors one knows to be false with the intention of manipulating a public company's price is illegal.


....wann endlich werden die :kotzGSler mal zur Rechenchaft gezogen :gomad

lunar 16.07.2008 16:46

Anyone seen my rubber ring? The world's most crowded swimming pool

By Daily Mail Reporter
Last updated at 8:52 AM on 16th July 2008

Someone floated the idea and they all went with it.

But once in the water, trying to swim a few lengths was suddenly out of the question.

In fact, there was treading room only when thousands of swimmers crowded into a pool in Penglai in Sichuan, western China.

Water crowd: China's swimming pools are hugely popular


lunar 16.07.2008 16:51

Cops to IndyMac customers: Remain calm or face arrest :dumm

Daily News Wire Services
Article Last Updated: 07/15/2008 09:25:40 AM PDT

Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution's federal takeover.

At least three police squad cars showed up early Tuesday as tensions rose outside the San Fernando Valley branch of Pasadena-based IndyMac....

:gomad wie wäre es mal die wirklich Schuldigen zu verhaften :gomad

lunar 16.07.2008 17:54

...auch wenn es sämtliche Spatzen von den Dächern pfeifen :kotz GS

Bankers Bullsh*t & Bullion

-- Posted Wednesday, 16 July 2008 | Digg This Article | Source:

The Sacking of America
Communism was a public relations gift to the bankers. By diverting the dialogue to “controlled versus free markets” it obscured the bankers’ real intent—to insert debt into every aspect of free markets. The bankers’ overwhelming success however would destroy both the bankers and the free markets on which they preyed.

Parasitoidism is the relationship between a host and parasite where the host is ultimately killed by the parasite. This is what is happening to the US. Once the most powerful and productive economy in the world, the US, indebted by bankers and government spending beyond its ability to repay, is headed towards sovereign bankruptcy.

The recent request by US Treasury Secretary—and more importantly former Chairman and CEO of investment bank Goldman Sachs— Henry Paulson to bail out Fannie Mae and Freddy Mac with US taxpayer dollars is but another indication of this destructive and parasitic relationship between bankers, government and the economy.:bad

That a private banker from a large Wall Street investment bank is also Secretary of the US Treasury is no coincidence. It is also no coincidence that once again, public monies from the US Treasury are being used to rescue private bankers and to indemnify their losses.


Receiving taxpayer dollars from the US Treasury for their private benefit is not new to Goldman Sachs. In 1990s, when the Mexican government defaulted on its bonds, investors at Goldman Sachs’ stood to lose billions of dollars. They didn’t.:bad

Buried deep in the subsequent $40 billion US bailout of Mexico was a $4 billion payment to Goldman Sachs, gratis of the US Treasury indemnifying Goldman Sachs against any losses on their investment in Mexican bonds.

The fact that current US Treasury Secretary and former Goldman Sachs CEO Henry Paulson also recently used US funds to underwrite JP Morgan Chase’s private buyout of investment bank Bear Stearns and is now proposing to do the same with Fannie Mae and Freddie Mac is to be expected. For investment bankers, using public money to privately profit is business as usual. :bad

They're ruining what has been one of the greatest economies in the world, [Bernanke and Paulson] are bailing out their friends on Wall Street but there are 300 million Americans that are going to have to pay for this.

Jim Rogers, Chairman of Rogers Holdings, July 14, 2008
full story:

lunar 16.07.2008 18:02

Midas Member

Well said Mr. Sinclair!!

Folks - you are witnessing the utter corruption of our financial system where the US government decides to selectively enforce the current laws on the books regarding illegal naked short selling. What is happening is so blatantly corrupt that it rivals the kind of moral and ethical decay that marked ancient Rome as it went into its period of decline. Where in the US constitution does it confer the right upon governmental bureaucracies to subjectively enforce the laws that govern our system? Are we a nation of laws or of men? The answer, it would appear, is that we are no longer a nation of laws but one of men where certain industries or sectors have special rights and privileges conferred upon them while those of the less-fortunate, out of favor with the powers that be, apparently do not enjoy equal treatment under the law.

lunar 16.07.2008 20:54

SEC Subpoenas Wall Street in Hunt for `Manipulators' (Update2)
By David Scheer

July 16 (Bloomberg) -- The U.S. Securities and Exchange Commission subpoenaed Wall Street's biggest firms and hedge-fund advisers in a widening effort to crack down on suspected manipulation of Lehman Brothers Holdings Inc. and Bear Stearns Cos. shares, said three people with knowledge of the matter.

The SEC's enforcement unit demanded information from investment banks including Goldman Sachs Group Inc., Deutsche Bank AG and Merrill Lynch & Co., according to two of the people, who declined to be identified because the inquiries aren't public. The Washington-based regulator is seeking trading records and e-mails, one of them said......

....da kann man gespannt sein - ob sie bei GS auch etwas finden :rolleyes:o

lunar 16.07.2008 21:39

Dr. Ron Paul vs. Ben Bernanke [video]

By: Dr. Ron Paul, U.S. Congressman

-- Posted Wednesday, 16 July 2008 e:

Dr. Ron Paul takes on Federal Reserve chairman Ben Bernanke. Opening Statement and Q&A.

Here is the full video of Dr. Ron Paul from C-SPAN. Today's live video feed on CNBC was cut off during the questioning but per Rick Santelli's assessment, was still well received in Chicago's futures trading pits.

-- Posted Wednesday, 16 July 2008 | Digg This Article | Sourc

lunar 17.07.2008 08:58 GoldseitenForum gesehen :verbeug leider weiss ich nicht mehr bei welchem User - sorry ;)
:schwitz 69 Seiten :schwitz ich hab erst diagonal überflogen :rolleyes ....weil's regnet und jemand vielleicht Zeit übrig hat ;):rolleyes

hier die Einführung:
By Patrick M. Byrne, Deep Capture Reporter

The Story of Deep Capture

NEW! Download the Story of Deep Capture in .pdf format.

By Mark Mitchell, with reporting by the Deep Capture Team

Introduction- by Mark Mitchell

I began working on a version of this story in January 2006, while serving as an editor for the Columbia Journalism Review, a publication tasked with upholding the standards of the American media. In November 2006, a hedge fund that was at the center of the scandal I was investigating offered the Columbia Journalism Review a great deal of money. Shortly before CJR accepted the money, I left my job, so I do not know if my editors, whom I believe to be honest people, would have allowed me to persevere. But I have no doubt that the hedge fund’s “beneficence” was aimed at preventing the publication of stories like this one.

And it might well have succeeded if Patrick Byrne had not approached me with an idea. Why not combine forces and spearhead a whole new approach to investigative journalism? Most media content is produced by rumpled journalists (i.e., people like me), working alone under tight constraints. Deep Capture could be something different - a power team circumventing the traditional media and pushing limits to uncover the truth.

When I entered the picture, this team had already established that a small number of law-breaking hedge funds had put the American financial system at risk of collapse. Indeed, the hedge funds are employing the same tactics that contributed to the stock market crash of 1929 and the Great Depression that followed. If you want to understand the current turmoil in our financial markets, you could do no better than to read the material in Deep Capture: The Analysis.

The lengthy (40,000 word) story that follows should help you to understand how - and why — Patrick came to embark on this project. I am the author of the story, and attest to its accuracy, but it benefits substantially from the work of the Deep Capture team: freelance researchers, bloggers, gonzo computer hackers, economists, and even a one-time foreign intelligence agent.

Some mainstream journalists will not like this story. They will perhaps disapprove of our methods or decry the advent of vigilante journalism. But most of all, they will not like this story because it is largely about them - a tale of reporters who seek to be players, but instead become pawns - a tale of prominent journalists who help cover up a massive financial crime while toadying to some of Wall Street’s slimiest operators.

lunar 17.07.2008 09:12

...noch ein Nachzügler - auch ziemlich umfangreich :schwitzJim Willie finde ich :supi

Verfasst von Jim Willie CB am 14.07.2008 um 7:18 Uhr
US-Fed blinzelt: Propaganda und Bluffs

In den letzten Wochen habe ich meine Aufmerksamkeit auf die Erheiterung und die Verzweiflung gerichtet, die hinter der Propaganda, den Bluffs und der völligen Verzweiflung der US-Notenbank steckt. Mit orchestrierten Gerüchten über eine neue Haltung verkündet sie, dass sie bald oder irgendwann einmal die offiziellen Zinssätze anheben würde, um diese horrende Preisinflation zu bekämpfen, die der Absturz des verkrüppelten Dollar mit sich gebracht hat. Was für ein kompletter Schwachsinn!.......

.......Komische Leckerbissen

Ein anderes exzellentes Zitat stammt von Art Cashin :supi von UBS, das er auf dem New Yorker Börsenparkett machte. Vor zwei Wochen reagierte er auf die Rohöl-Manie, als er sagte, "Goldlöckchen denkt über einen Branchenwechsel nach. Sie denkt darüber nach, Bohrgeräte zu verleihen und zu bedienen." Heute sagte er schlichtweg, "Die US-Notenbank senkt eher, als dass sie anhebt.", was die Moderatoren des öffentlichen Finanzwerbungsansprachesystems, besser bekannt als CNBC, überraschte. Ron Insana sagte gestern Nachmittag: "Die Fed hat niemandem nichts angeboten." Die klugen Köpfe da draußen haben erkannt, in welch hilfloser und verzweifelten Lage sich die US-Notenbank befindet. Sie kann die Leitzinsen nicht anheben, denn das würde dem Aktienmarkt schaden, die Hypotheken- und Immobilienmärkte noch weiter treffen und die Rezession der US-Wirtschaft drastisch vorantreiben. Natürlich muss man die Leitzinsen anheben, um den Dollar zu verteidigen, aber der US-Dollar ist nicht zu verteidigen. Durch drei Jahrzehnte von Missmanagement, Korruption, Verschwendung von Steuergeldern ("pork project"), heilige Kriegsbudgets, Sozialistenprogramme wie Medicare und die immer wiederkehrende rücksichtslose Schaffung von Blasen.

Aber noch eine weitere schleierhafte Geschichte kam ans Licht (zumindest für die, die wissen, wie man einen Scheinwerfer auf etwas richtet). Diese Geschichte wurde aber natürlich nicht von dem furchtlosen Schoßhündchen, das die US-Finanzpressedienste nun einmal sind, berichtet. Lehman Brothers und die Londoner Börse kündigten Pläne für eine Pan-Europäische Handelsplattform an, die noch in den Tiefen der Dunkelheit verborgen ist. Das Jointventure nennt sich Baikal, benannt nach dem tiefsten Süßwassersee der Erde im westlichen Sibirien, Russland. In exotischen Worten heißt er auch "das Blaue Auge Sibiriens". Er ist bekannt dafür, dass er mehr Wasser hält als die Großen Seen Nordamerikas zusammen. Mit 1.637 m (5.371 Fuß) ist der Baikal der tiefste See der Erde, und dem Volumen nach der größte Süßwassersee. Er hält ca. 20% der gesamten Trinkwassermenge der Erde. Wie passend!

Die neue dunkle Pool-Handelsplattform wird Zugang zu Wertpapieren in 14 europäischen Ländern bieten, anhand von Computer-gestützten Handelssystemen. Der Idee beruht darauf, die Komplexität von Orderausführungen anzugehen, aber die wahre Absicht liegt darin, den Markteinfluss zu mindern und die genaue Prüfung unter den Augen der Öffentlichkeit zu vermeiden. Firmen an der Wall Street und in London, wie Investmentbanken, große Geld-Zentralbanken und Hedgefonds, warten gespannt darauf, große Posten auf den Markt zu werfen ohne Aufmerksamkeit zu erregen. Diejenigen, die behaupten, die Finanzmärkte der USA und in London seien transparent, täuschen sich gewaltig! Diejenigen, die behaupten, sie hätten eine Preisfindung, die nach einem Gleichgewicht sucht, ebenfalls!.........:rolleyes

ganzer Artikel:

lunar 17.07.2008 09:36


Zitat von NixBlick

Moin :)

Ein Artikel den man lesen sollte, kein Wunder das kmpl Bankkonzerne über den Jordan gehen oder die irrsten Schwankungen haben.

Ebenso auch kein Wunder das die SEC die kriminellen Machenschaften durch verschiedene Verbote verbietet bzw. reguliert..,1518,566346,00.html

Die Krise

......SEC-Chef Cox hat bestätigt, dass seine Börsenfahnder in beiden Fällen - Bear Stearns und Lehman - Untersuchungen
eingeleitet hätten. Namen nannte er aber nicht. Goldman (immer dabei :rolleyes), Lehman und die Deutsche Bank nahmen zu den jüngsten Berichten keine Stellung.
Ein besonders pikantes Detail enthüllte das "Wall Street Journal" ("WSJ"). Demnach haben der ehemalige Bear-Stearns-Chef Alan Schwartz und Lehman-Boss Dick Fuld den CEO von Goldman Sachs, Lloyd Blankfein (ob dieser Herrn wirklich "fein" ist und "blank" :rolleyes), wegen der Gerüchte persönlich zur Rede gestellt. Es gebe eine Menge Gerede, so Fuld, dass Goldman-Trader absichtlich negative Meldungen über Lehman gestreut hätten. Blankfein sei über diese Vorwürfe schockiert :escht:rolleyes:zz gewesen. Offiziell ließ Blankfein dem "WSJ" erklären, er könne sich an solche Gespräche nicht erinnern.....(...scheint jedenfalls kein "feines" Gedächtnis zu haben :rolleyes)

...da kann man nur hoffen, dass die SEC nicht auch unterwandert ist :rolleyes daran kann ich erst glauben wenn den GSlern mal wirklich auf die Finger geklopft wird :mad aber bei diesem "Beziehungsnetz" :rolleyes

Silverbay 17.07.2008 09:50

deep capture
quote lunar GoldseitenForum gesehen :verbeug leider weiss ich nicht mehr bei welchem User - sorry ;)
:schwitz 69 Seiten :schwitz ich hab erst diagonal überflogen :rolleyes ....weil's regnet und jemand vielleicht Zeit übrig hat ;)

... ist das nicht diese Jammerstory ?

Wenn jede kleine Geschäftstruktur glaubt, IPO hätte etwas mit
interest profit option zu tun, wundert es nicht, dass sich die
fatcats und fundis um ihre Sardinendose bedroht fühlen – ein
Abverkauf auch aus fehlendem lobbying ( siehe die lächerliche
Restriktion, die financials nicht mehr naked oder gar zu shorten )

Im Uebrigen trägt ein short eher zur Stabilisierung als zur
unkontrollierten Bewegung bei. – Klar ist, dass einer nach
oben gerichteten, manipulierten Bewegung selbstverständlich
keinerlei Restriktionen bevorstehen.

Anstatt weiter zu klagen, sollte das Potential der Missmutigen
nicht in den threads, sondern an der wallstreet und am capitol
hill auftreten, erst dann ziehen die Medien die Geschichte wirk-
lich zu einer argumentativen Dimension gegen das Gewäsch von
Hank & Co. hoch, der sich um nicht anderes bemüht, als seine
GS Optionen im greenspan Bereich zu halten.

Dass Herr Paul immer wieder die gleiche Platte in den hearings
des Congress spielt, ist Teil der Inszinierung, um einem möglichen
Protest schon im Ansatz eine vermeintlich relevante Instanz zu
vermitteln, die eine wirkungsvolle, öffentliche Empörung im Keime
zu unterdrücken scheint.

... deshalb: SHORT GS, NOW

lunar 17.07.2008 10:42

@Silverbay - shorten ist einfach gegen mein Empfinden (nix gegen PUTs) aber jedem das seine :) nur man kann eine kleine Firma schon in den Abgrund treiben - frisches Geld ist dann fast unmöglich/zu teuer
natürlich ist es den "erfolgreichen" Shortern nicht genommen sich an einem PP zu beteiligen (nota bene vielleicht mit dem Gewinn der Shorterei :confused:rolleyes)
wurde meines Wissens (was ja nix heissen soll :schwitz) besonders bei kleinen Minen öfters praktiziert :( wie weit das Management involviert ist/war :nw

ansonsten (die Ausnahme bestätigt die Regel) ... deshalb: SHORT GS, NOW :supi (falls nötiges Kleingeld vorhanden :(;))

Silverbay 17.07.2008 13:09

Heckantrieb ...
Riccardo Ricco positiv getestet
Zweifacher Etappensieger soll mit EPO gedopt haben

Riccardo Ricco ist bei der Tour de France positiv auf Doping getestet worden.
Bei einer Urin-Kontrolle wurden Spuren von "EPO der dritten Generation"
bei ihm festgestellt. Sein Team Saunier Duval hat sich daraufhin von der Tour zurückgezogen.

So wie der Junge auf den "Col du Tour-malade" gezischt ist ...
oder waren es sogar zwei Bergetappen ?


lunar 17.07.2008 13:37

von DU
ozymandius (1000+ posts) Thu Jul-17-08 06:59 AM
Response to Original message 1. Market WrapUp: Revisiting Ground Zero & the Spreading Tentacles of a Recession BY CHRIS PUPLAVA

There is a choice to be made: Either we regulate the Banks, or leave it to the vagaries of the free markets to punish those who trade with, or place their assets in the wrong institutions. But for God's sake, do not give us the worst of both worlds -- do not allow banks the freedom to make horrific but preventable mistakes (i.e., only lending money to those who can pay it back), but then expect the taxpayers to foot the trillion dollar bill.

That's not capitalism, its not socialism, its not regulation, and its sure as hell isn't what free markets are. Our language is insufficient to describe this hodge-podge system, other than to call it a random patchwork of quasi-capitalism, quadrennial-socialism, and politics as usual. Ideological idiocy is the only phrase I can muster that has any resonance with the daily insanity…

Books will be written about this period of time, and our descendants will wonder in awe as to how this was allowed to happen. Tulips got nothing on us! It’s not just the total dollar value of the losses that have exceeded all other global fits of financial madness combined, but rather, how so many warning signs were so blithely ignored by so many and for so long. What was wrong with these people, the authors and historians will wonder. Did the antibiotics in the food supply drive them mad? Did the High Fructose Corn Syrup compromise their ability to think? Some form of viral plague? Road rage? What else could have created such a mass delusion amongst not just the populace, but their leadership and institutions?

Barry Ritholtz
Idiots Fiddle While Rome Burns, 07/16/2008
The situation described above came to a head with the topping of the greatest housing bubble ever in 2005 followed by a climatic top in the credit markets in the summer of 2007. As Mr. Ritholtz points out, what is truly amazing is how so many warning signs were so blithely ignored by so many for so long. Now millions are paying for a failure to grasp the second bubble to burst this decade as the housing downturn has wiped out trillions in wealth, not to mention a bear market in stocks to boot.

Financial institutional losses are mounting as mortgage portfolios are written down as home prices continue to decline and foreclosures continue to rise. Highlights from a Bloomberg article shown below illustrate the dire housing situation.

Foreclosures Rose 53% in June, Bank Seizures Tripled

U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes…

Bank seizures rose 171 percent, the most since the Irvine, California-based company began tracking statistics on default notices, warnings of a scheduled auction and repossessions in January 2005.


Foreclosure activity is the highest since the Great Depression of the 1930s, said Rick Sharga, RealtyTrac's vice president of marketing…


Fool me once, shame on you. Fool me twice, shame on me!

If indeed we have made an interim bottom as evidenced by the recent spikes in CDS spreads and today’s strong rally, expect the “ALL CLEAR” and “THE WORST IS BEHIND US” nonsense just like we witnessed after the March lows. Examples on how completely wrong the financial media and pundits can be are shown below.
(Ozy here... the usual suspects listed here: Greenspan, Bernanke, Kudlow, Luskin. It's a good, damning read.)


lunar 17.07.2008 13:44

nochmal von DU

Ghost Dog (1000+ posts) Thu Jul-17-08 08:14 AM
Response to Reply #21 25. Meanwhile, over at Citi... ...Meanwhile some investors are viewing the Paulson bailout not as a bid to rescue the US economy but a lifeline for his former Wall Street cronies as the country's big banks teeter towards a financial implosion. What until recently had been the largest bank in terms of loans outstanding, Citigroup in New York, has been forced to raise billions in capital from sovereign wealth funds in Saudi Arabia and elsewhere to remain in business.

In a statement in May, Citigroup's new chairman, Vikram Pandit, announced plans to reduce the bank's $2.2 billion balance sheet of liabilities. However, he never mentioned an added $1.1 trillion in Citigroup "off balance sheet" liabilities, which include some of the highest risk deals in the US real estate and securitization era it so strongly backed.

The Financial Accounting Standards Board in Connecticut, the official body defining bank accounting rules is demanding tighter disclosure standards. Analysts fear Citigroup could face devastating new losses as a result, with the value of liabilities exceeding the bank’s $90 billion market value. In December 2006, prior to the onset of this financial crisis, Citigroup had a market value of more than $270 billion.


lunar 17.07.2008 14:43

...nicht unbedings "scary"

Frank Giotto, President of Fiber Instrument Sales Inc., demonstrated the Mini Motel, which includes an air mattress, pillow, bed sheet, alarm clock, reading light, toothbrush and toothpaste, ear plugs and eye shades. (Jonathan Cohen for The New York Times)

Fewer airline hotel vouchers means more sleeping at airports

By Sharon McDonnell
Published: July 15, 2008

Sleeping at an airport overnight, once almost a sport for the young and short of cash, has become a lot more common lately, affecting even older and professional travelers. And a big reason is that many airlines are no longer as generous with hotel vouchers as they once were.

Randy Petersen, editor of the online magazine InsideFlyer and the frequent-flier Web site, attributes the change to "belt-tightening by airlines over the last 18 months, and more so this year."

"They have to look at everything they spend a penny on," Petersen said. And because flights are fuller, he added, "they're not just dealing with a few passengers."

Bob Harrell, founder of Harrell Associates, an airline consultant, agreed. "If they're charging for extra bags, food and water," he said, "then the flip side is the airlines are going to go out of their way to minimize expenses on one side, while maximizing on the other."

Sleeping overnight in an airport has become enough of a phenomenon that it has inspired one recent novel, "Dear American Airlines." The author, Jonathan Miles, said he had been spurred to write the book after an unscheduled overnight stay at O'Hare International Airport, in Chicago....

full story:

lunar 17.07.2008 16:53

1 Anhang/Anhänge
TagesAnzeiger von heute :rolleyes

lunar 18.07.2008 09:03

Nationalization, Fiasco, USDollar, Gold

Jim Willie CB
Jim Willie CB is the editor of the "
Hat Trick Letter"
Jul 17, 2008

A grotesque grandiose nationalization initiative is gradually being forced upon the USEconomy, US financial system, US political system, and the hapless US citizenry. Its crucible for construction comes from the desperate situation unfolding for the banks, the mortgage holders, and homeowners. Rising costs, falling incomes, failing banks, declining home values, eroding mortgage bonds, interfered financial markets, corruption in Congress, endless war, destructive economic counsel, an unconstitutional USDollar without gold backing, these factors all contribute toward a crisis without remedy. The only possible response will be an implosion with greater state assumption of losses, responsibility for operations, and extended power. Systemic failure, credit seizures, profound job loss, severe supply disruptions, and violence in public places will force a more urgent solution. The irony is that the agents and mechanisms that produced systemic failure will next be granted almost total power as reward for their ineptitude, corruption, and connection to the power centers. Reaction to systemic failure, orders for nationalization, and other desperate measures ensure the USDollar will fall significantly, leading to gold rising toward 1500 and silver rising toward 40.

WE ARE BEGINNING THE ACUTE PHASE OF BANK AND BOND BREAKDOWN NOW, WHOSE EPICENTER HAS EXTENDED FROM WALL STREET BANKS TO FANNIE MAE. THESE GROUPS ARE THE PRIMARY CENTERS FOR CRIMINAL FRAUD, ALL TO BE BAILED OUT. A broad bank asset liquidation in several weeks will exacerbate the crisis and invite immediate action, some of which might be well orchestrated in a power grab. The solutions will all appeal to the current devices, which tend to mean greater state controls. The authorities seem totally lacking any list of alternative methods. With bailouts come controls. If truth be told, the failure is of economic policies, the scummy relationships between the USGovt, the US Federal Reserve, the Dept of Treasury, the regulatory agencies, the Wall Street bankers, several giant banks, debt rating agencies, certain private equity firms, and the media news networks. Some wonder why media networks would be so subservient, not report stories of substance. Check their advertisers, which pay the bills, and also check where they obtain much of their international information. The USGovt supplies data, interviews, video clips, and stories for reasons of efficiency, safety to correspondents, which tends to permit a gradual slant that has turned absurd over the years. Many stories just are not covered at all, like recent foreign summit conferences among banking groups, in Asia and South America.

Harken back to my first article in January. It is worth a quick review read. In "Enter 2008: The System Breaks" numerous systemic factors were listed. Many are infesting our doorsteps, fouling our economic winds, and dampening national psychology to the point that the nation had best prepare for change that will rival those ordered at the tail end of the Great Depression. This economic depression will be different. It will be called a recession. The losses incurred will be an order of magnitude larger. Instead of Wall Street bankers jumping out of windows, they will take top USGovt agency spots for wresting control. The nation is not ready to institute national infrastructure programs like the TVA back in those day. Hurricane Katrina and the Endless War amply demonstrate that priorities have shifted toward private profiteering and corruption being the primary priority for national leaders. People will not stand in bread lines, but rather break into supermarkets in search of food. Home ownership was not at any lofty figure back seven decades ago. People now will continue to lose their homes at the tune of 7000 per day due to foreclosure in the Untied States, the current tragic pace. The housing market will continue down, led by endless growth in unsold inventory. The advent will dawn on the bankers, lawmakers, and key investors that Fannie Mae is sitting on a treasure trove of income potential, IF ONLY the acidic agency can rent its foreclosed properties instead of attempt to sell them on an already depressed bloated market. The Fannie Rentals will emerge as a business segment...

full story:

....ach Du schöne heile Welt :gomad

lunar 18.07.2008 09:24

Merrill Drops After $4.65 Billion Second-Quarter Loss (Update1)

By Bradley Keoun and Josh Fineman

July 18 (Bloomberg) -- Merrill Lynch & Co. declined in German trading after the third-biggest U.S. securities firm posted a wider-than-estimated second-quarter loss yesterday on $9.7 billion of credit-market writedowns.

Moody's Investors Service cut Merrill's credit rating and the firm's shares fell as much as 7 percent in Germany. The net loss of $4.65 billion, or $4.97 a share, exceeded the firm's $1.96 billion first-quarter loss, while rivals Goldman Sachs Group Inc. :rolleyes and Morgan Stanley stayed profitable. Merrill earned $2.14 billion in the second quarter of 2007, before the credit contraction led to losses that now stretch over 12 months....

full story:

lunar 18.07.2008 10:03

July 17, 2008 -- Updated 0523 GMT

Pilots say they feel pressure to cut back on fuel

From Deborah Feyerick and Karina Frayter
NEW YORK (CNN) -- U.S. Airways is pressuring pilots to use less fuel, undermining their authority and possibly compromising safety, according to a spokesman for the U.S. Airline Pilots Association.

U.S. Airways says it wants pilots to balance an appropriate amount of fuel with rising gas prices.

full story: super - leider Ziel nicht erreicht, zu wenig fuel :ironie (hoffentlich)

lunar 18.07.2008 13:50

Sag Harbor Real Estate schon pervers - den einen wird das Haus unter dem Hintern weggezogen und diejenigen welche das auch mitverschulden wälzen sich in ihren Millionen in den Hamptons :bad

lunar 18.07.2008 16:04

von DU - merci
...rechts unten :rolleyes

lunar 18.07.2008 16:33

Invest on the Correct Side of the Long Trend
by Martin Goldberg, CMT Investors would be well served to maintain those positions that are on the correct side of the long term trend. This is simple common sense. In spite of this simple theme, investors are bombarded by the much-espoused philosophy to invest in stocks for the long term and stay diversified. This philosophy is being tested as baby boomers bear down on impending retirement with their assets largely tied up in the US market. This philosophy is at odds with the trend US stock market which is in a relatively new down trend. These folks are extremely vulnerable in my view. With the only first hand experience of these people being the most powerful bull market in history – 1982 to 2007 – there is nothing in their personal experience for them to do anything other than what has worked over that same time. They haven’t studied history. Stay the course! This is the conventional wisdom....

.....To be sure and accurate, the possibility for short and sharp rallies is always characteristics of bear markets. We could be getting one that started on Wednesday. Markets don’t crash all at once; at least they haven’t so far. There will always be these exciting rallies; especially when there are many large money speculative interests who know when to schedule the rallies to their best advantage......

full story: leider leichter gesagt als getan :schwitz

lunar 18.07.2008 17:35

....the US way - dauert ein Weilchen - ich finde es lohnt sich - es kann ja auch sein, dass ich falsch liege :rolleyes
da ja die Münze bekanntlich zwei Seiten hat
:gruebel na ja die Wege der Börse sind eben für einen gewöhnlichen Bürger etwas nebulös

Re: "Failure to Deliver" is the problem-not short sale itself

Obviously this stock is and has been a victim of FTD in a very big way. Why is the short interest huge no matter what??? How can a company be so undervalued???

Take a gander at this video posted earlier by Dstds if you have any doubt. It's what we've pretty much known for a long time, but explained very thoroughly. I'll repost it below so y'all won't have to go looking for it... just in case you missed it in his post. 18-Jul-08 11:20 am Great stuff Ds!!! That video explains it all perfectly.

lunar 18.07.2008 20:03


Sure, business is punk,
And Wall Street is sunk,
We're all of us broke, and ready to croak.
We've nothing to dunk,
Can't even get drunk,
And all the while, they tell us to smile:

Cheer up, gentle citizens, though you have no shirts,
Happy days are here again. Cheer up, smile, nertz!
All aboard prosperity, giggle 'till it hurts!
No more bread-line charity. Cheer up, smile, nertz!

Cheer up, cheer up, cheer up, cheer up, cheer,
Up, cheer up, cheer up, cheer, better times are here.
Sunny smilers we must be, the optimist asserts,
Let's hang the fat-head to a tree! Cheer up, smile, nertz!

The world's in the red,
We're better off dead,
Depression, they say's in session to stay.
Our judges are queer,
Our banks disappear,
And all the while, they tell us to smile:

Cheer up, gentle citizens, though you have no shirts,
Happy days are here again. Cheer up, smile, nertz!
All aboard prosperity, giggle 'till it hurts,
No more bread-line charity. Cheer up, smile, nertz!

Cheer up, cheer up, cheer up, cheer up, cheer,
Up, cheer up, cheer up, cheer, better times are here.
Sunny smilers we must be, the president asserts,
Let's hang the fat-head to a tree! Cheer up, smile, nertz!


"Cheer-up, Smile, NERTZ!"
Form "Ballyhoo" (1932, perhaps to be restaged in 2009)

lunar 18.07.2008 20:22 :farrer

lunar 18.07.2008 21:11

July 18, 2008

Dow Hits Fair Value

by Adam Hamilton

In recent weeks a major secular milestone was achieved in the US stock markets. But because of all the distracting market turbulence, very few investors are even aware it happened. And truth be told, even if the markets weren't plunging I still suspect only the most diligent students of the markets would have any inkling.

The venerable Dow Jones Industrial Average, or Dow 30, finally returned to fair value as measured by its price-to-earnings ratio. This is major secular milestone because it marks the halfway point in the 17-year secular bear in which the Dow 30, and the broader US stock markets, have been mired since early 2000. Understanding the implications of this milestone is exceedingly important for all stock investors.

Some background is in order. Throughout history, the stock markets oscillate in great cycles running a third of a century each. These cycles are defined by prevailing valuations, the P/E ratios of the broader US stock markets. The stock markets go from undervalued, to overvalued, and back again over a 34-year span. I call these Long Valuation Waves and you can read all about them in another essay.....

....The red line is the headline Dow 30 itself that you watch every day. The white line is where the Dow 30 would hypothetically be if it traded at fair value, or 14x (pronounced "fourteen times") earnings. I'll discuss this fair-value concept in more depth below. Finally the yellow line is the Dow 30's dividend yield. Slaved to the right axis, 3000 means 3%. Dividend yields are an important secondary measure of stock-market valuations.

Although this is a chart of the S&P 500, conceptually it is the same for the Dow 30. In fact, over 6 years ago when I first did this long-trading-range analysis I used the Dow 30. All 30 of the elite blue-chip Dow components are also in the S&P 500 (SPX). And these Dow components dominate it too, representing 32% of the entire SPX's market capitalization but just 6% of its components!

.......While these are SPX P/E ratios in this chart, they approximate the Dow 30's pretty well. Since the Dow has much higher quality components on average than the SPX, the Dow's P/E is usually a bit lower. For example, at the end of June when the Dow's P/E hit 14.0x, the SPX's was running at 18.1x. Nevertheless, the general P/E progression lower during secular bears certainly still applies to both indexes.

As you can see here in the SPX, the US stock markets continued drifting sideways on balance throughout the rest of the last secular bear for over 8 years after fair value was reached! 14x in 1974 wasn't the end, under 7x in 1982 was. While there were big cyclical bulls and bears within this period of time, when all was said and done the markets were dead flat. This gave earnings time to catch up with stock prices and the entire 34-year LVW cycle time to fully run its course.....

full story:

....muss erst mal in Ruhe durchlesen :rolleyes :schwitz

lunar 19.07.2008 07:30

Zitat von lunar

:p U.S. Treasury Secretary Henry Paulson Jr., left, testifying at a House committee hearing in Washington, with Ben Bernanke, the Federal Reserve chairman. (Jonathan Ernst/Reuters)


Armed and Dangerous

Peter Schiff
Jul 18, 2008

This week, with the nation's financial infrastructure crumbling before our very eyes, the nation's top two economic policy makers made their way to the Congress for an extraordinary episode of political theater. Fannie Mae and Freddie Mac, the quasi-government entities that form the backbone of America's gargantuan mortgage market, appeared to be cracking. To the somewhat bewildered members of Congress, Ben Bernanke and Henry Paulson offered radical remedies to save the lenders. Despite the fact that the proposed policies would thoroughly redefine America's supposedly capitalistic pedigree, the moves were presented as wholly inevitable, and in the end, benevolent and costless.

If you are looking for a new chapter in American history, it has just begun.

The most memorable moment in the episode came when Secretary Paulson explained that the best way to minimize the chances that Fannie Mae and Freddie Mac will need a government bailout would be for Congress to grant the Treasury unlimited authority to lend to the two institutions. His analogy: When the bad guys see a bazooka on your hip, you are less likely to be challenged to a gunfight.....

At present, the best the government can do for housing and the economy is to leave both alone, cease interference in the free market, restore sound money, and allow capitalism to work. Unfortunately, the laws of capitalism are now demanding that home prices continue to fall precipitously. But, based on the speed in which our government, public and financial institutions are willing to abandoned free market principals at the first whiff of economic pain, the likelihood that this impulse will take hold is increasingly remote. So hunker down as the United States finds itself on the express track to state socialism with Paulson's Bazooka locked, loaded and pointed right at us. When the government pulls the trigger the blast will blow the dollar, and what's left of our capitalist economy, to smithereens.

full story:

lunar 19.07.2008 08:30

America in 24 months?

...hoffentlich nicht :schwitz

....wenn es aber so weiter geht :gruebel

Fly Away Money

Adrian Ash
Bullion Vault
written 14 Jul 2008
posted 18 Jul 2008

AFTER TWO DECADES of booming asset markets and falling food, clothing and energy costs, it's suddenly getting hard to keep hold of your money, let alone grow it.

Inflation is destroying fixed-income bonds. Stocks have tipped into a bear market, down more than one-fifth worldwide. Real estate suffers both over-supply and an historic shortage (too many units vs. no mortgage finance). And this is clearly no time to launch a business relying on discretionary spending, consumer debt or prompt payment.

As for cash-on-deposit, you're fighting not only tax and inflation, but also the very real threat of banking failure. Anyone taking sizeable profits elsewhere has to go "on risk" until they've found a new home for their wealth.

"Ironically," reports Mortgage News Daily, "while the Federal Deposit Insurance Corp. (FDIC) maintains a 'watch list' of banks in need of close supervision, IndyMac did not appear among the 90 names on the current roster."

Between the demise of Countrywide in March and its own collapse last week, IndyMac was briefly the second-largest independent mortgage provider in the United States. Now one-in-twenty of its customers is owed a deposit exceeding the insured US limit of $100,000. Attracted no doubt by the bank's offer of 4.75% per year in interest - twice the interest paid most everywhere else on $50,000 or above - they're now uninsured to the tune of $1 billion......

......No bail out, of course, and the destruction of wealth hardly bears thinking about. But just what would an extra $1.1 trillion in US obligations mean for the value of existing dollars and T-bonds?
"[He] caused an Iron Chest to be brought, and put the Money in it, then drove Posts into the Ground in his Cellar, and chained it down to the Stakes, then chained it also to the Wall, and barricaded the Door and Window of the Cellar with Iron, and all for fear, not of Thieves to steal the Money, but for fear the Money, Chest and all should fly away into the Air..."

So wrote the anonymous hack behind The Chimera, a pamphlet recalling the French Way of Paying National Debts for investors in London in 1720. The French way, the author explained - just before the British got caught using the same trick - was to print new paper money in whatever quantity took the government's fancy, and use this new currency to pay off its creditors. It worked only as long as the paper retained some level of trust.

The anxious (if not deranged) investor described above was owed 10,000 crowns in such paper. But he gladly sold his claim for 2,500 in actual coin. Because a smaller quantity of very real wealth still beats a great sum of value-less debt.....

....."In 1934 and 1982," on the other hand, "when investor stress reached extreme readings, that percentage was between 20% to 25%." If you wanted to steal a march on the market, you might want to consider moving that portion of your wealth into physical gold today.

No, the metal isn't guaranteed to keep gaining as "investor stress" rises to match the Great Depression or early '80s recession. But nor will its value fly away into the air.

For as long as the cost of living is rising but asset-prices are falling, that should prove a major advantage over holding bonds, stocks or cash.

14 Jul, 2008
Adrian Ash

full story:

lunar 19.07.2008 11:00

The Croesus Chronicles
Gold And Oil For Soros; Illiquidity At Merrill
07.17.08, 8:53 AM ET

Wealth destruction took a day off Wednesday as illiquidity surfaced as a top issue at a major investment bank.

The market rallied in the wake of a lower oil price, Federal Reserve Chairman Ben Bernanke promised that Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) were solvent, and new rules began to lean against avaricious short-sellers of bank shares..

........disheartening problem at Merrill Lynch (nyse: MER - news - people )--$6 billion of illiquid securities, called auction rate preferreds, that are owned by some 40,000 customers of the thundering herd. It seems these 40,000 investors can't sell these supposedly secure money-market-type instruments, which require auctions, and turn them into hard cash. And the issuers of these securities--closed-end mutual funds, like some in the BlackRock (nyse: BLK - news - people ) group, municipal authorities and student loan organizations--can't raise the cash to pay off investors........

.....The memo bluntly states: "In other words, the credit crisis is still alive and causing intense investor suffering." Imagine that. In the year 2008, you can't turn shares into cash, especially when cash is king! :rolleyes

full story:

lunar 19.07.2008 11:05

Zitat von lunar

July 18, 2008

Dow Hits Fair Value

by Adam Hamilton

....muss erst mal in Ruhe durchlesen :rolleyes :schwitz

:supi Artikel - trotz der verlockenden Überschrift - bis der Zug wieder auf ordentlichen Gleisen läuft, scheinen noch etliche weitere harte Jahre für Otto Normalverbraucher vor uns zu liegen :rolleyes

lunar 20.07.2008 12:20

....dachte, dass dieser Artikel schon drin sei :rolleyes habe ihn jetzt mal richtig duchgelesen :o ist nicht ganz taufrisch aber hoch aktuell :cool lohnt sich wirklich :supi
:schwitz eben gesehen - also schon zum zweiten mal drin :rolleyes dachte mir schon, dass ich so was nicht links liegen lasse ;)

Verfasst von Jim Willie CB am 14.07.2008 um 7:18 Uhr
US-Fed blinzelt: Propaganda und Bluffs

In den letzten Wochen habe ich meine Aufmerksamkeit auf die Erheiterung und die Verzweiflung gerichtet, die hinter der Propaganda, den Bluffs und der völligen Verzweiflung der US-Notenbank steckt. Mit orchestrierten Gerüchten über eine neue Haltung verkündet sie, dass sie bald oder irgendwann einmal die offiziellen Zinssätze anheben würde, um diese horrende Preisinflation zu bekämpfen, die der Absturz des verkrüppelten Dollar mit sich gebracht hat. Was für ein kompletter Schwachsinn!

Zu hören, dass die Anlegergemeinde wirklich diese Idee angenommen und akzeptiert hat, ist geradezu lächerlich und dient nur als weiterer Beweis dafür, dass die lose Ansammlung von Anlegern, Spekulanten und Beobachtern einfach der Realität nicht ins Auge blicken will, trotz der Ereignisse im August 2007, als das Hypothekendebakel das Bankensystem zerfetzte und klaffende Wunden hinterließ. Die US-Notenbank muss den fallenden Dollar bremsen, ohne Zweifel. Aber sie kann es nicht. Die US-Notenbank muss die Preisinflation eindämmen. Aber sie kann es nicht. Diese parasitäre Organisation von Zentralbankern hat ihre eigene Erfolgsgeschichte von inflatorischem Aufschwung und Zusammenbruch, komplettiert durch totale Zerstörung. Die US-Notenbank kontrolliert die geistlosen und ineffektiven Richtlinien der US-Regierung für Ethanol, Handelssanktionen, geopolitische Isolierung, Razzien bei Ölspekulanten und der Verzögerung für effektive Hypotheken-Bailout-Programme nicht.....

......Goldman Sachs zeichnet das Bild

Einige klare Anzeichen treten langsam ins Licht. Die Firmen an der Wall Street schließen sich zusammen, hadern aber auch mit sich. Zuerst eine Einleitung. Der Jobkiller hinter Bear Stearns, den JP Morgan verursachte, verbirgt hinter den öffentlichen Geschichten noch eine Vielzahl weiterer. Einige meiner Ansichten wurden geteilt. Hier kommt noch mehr: Bear Stearns nahm an der LongTerm Capital Management Notfall-Rettung 1998 nicht teil. Dafür wurden sie 10 Jahre später bestraft. Weiter noch, als die US-Notenbank die Bücher von Bear Stearns im März öffnete, fand sie eine riesige Short-Position im US-Dollar. Sie fanden einen riesigen Posten, der auf einen höheren Goldpreis wettete. So wurde Bear Stearns umgebracht, mit der Liquidierung ihres Goldpostens, der für einen großen Fall des Goldpreises verantwortlich war, gedeckt durch ihren US-Dollar-Posten. Schauen Sie sich den Goldpreis Mitte März an und den Verlauf des US-Dollars.

Die Wall Street Firmen haben die Botschaft mitbekommen. Würden sie gegen den US-Dollar und für Gold bieten, so hätten sie keinen Zugang zur Rediskont- oder Kreditfazilität der US-Notenbank mehr. Nun also helfen sich die Wall Street Firmen eventuell wieder gegenseitig auf die Beine. Scheitert eine, scheitern sie womöglich alle und gehen bankrott.

Deswegen sind die Geschichten von Lehman Brothers und Merrill Lynch so wichtig. Sie sind finanziell gestützt. Auftritt Citigroup. Meine Mutmaßung ist, dass Citigroup sehr bald eine große Zahl an Hypothekenbonds verkaufen wird - vielleicht auch eine andere große Bank - in der ersten Phase einer Bond-Liquidierung Citigroup ist dem Untergang geweiht und wird ihre Pleite als Restrukturierungsmaßnahme darstellen, abgeschlossen mit Liquidierung. Wir werden abwarten müssen, was übrig bleibt......

.....Man kann nur spekulieren. Vielleicht hat GSax nun eine große Short-Position gegen Citi in der Hand und will, dass die Öffentlichkeit auf den Verkaufszug aufspringt. Vielleicht :D wurde GSax von Insidern informiert, dass der große Anleihe-Ausverkauf nun bevorsteht. Die Menschen müssen langsam begreifen, dass GSax kein Wohltätigkeitsverein ist. Sie machen Geld durch rechtmäßigen Handel, aber auch durch Lügen, Betrügen und manchmal auch stehlen, aber alles legal. Nur als letzten Beweis, dass GSax nach wie vor eine korrupte Informationsquelle ist: Sie haben auf lächerliche Art und Weise den ganzen Broker-Sektor von "Attraktiv" zu "Neutral" herabgestuft. Die US-Brokerbranche steuert schnurstracks aufs Aussterben zu. Schauen Sie sich die Anleihe- und Aktienemission der letzten Zeit an. Ihre hässliche Haltung stimmt mit den US-Banken überein, die im Durchschnitt alle insolvent sind.......

.....Komische Leckerbissen

Ein anderes exzellentes Zitat stammt von Art Cashin von UBS, das er auf dem New Yorker Börsenparkett machte. Vor zwei Wochen reagierte er auf die Rohöl-Manie, als er sagte, "Goldlöckchen denkt über einen Branchenwechsel nach. Sie denkt darüber nach, Bohrgeräte zu verleihen und zu bedienen." Heute sagte er schlichtweg, "Die US-Notenbank senkt eher, als dass sie anhebt.", was die Moderatoren des öffentlichen Finanzwerbungsansprachesystems, besser bekannt als CNBC, überraschte. Ron Insana sagte gestern Nachmittag: "Die Fed hat niemandem nichts angeboten." Die klugen Köpfe da draußen haben erkannt, in welch hilfloser und verzweifelten Lage sich die US-Notenbank befindet. Sie kann die Leitzinsen nicht anheben, denn das würde dem Aktienmarkt schaden, die Hypotheken- und Immobilienmärkte noch weiter treffen und die Rezession der US-Wirtschaft drastisch vorantreiben. Natürlich muss man die Leitzinsen anheben, um den Dollar zu verteidigen, aber der US-Dollar ist nicht zu verteidigen. Durch drei Jahrzehnte von Missmanagement, Korruption, Verschwendung von Steuergeldern ("pork project"), heilige Kriegsbudgets, Sozialistenprogramme wie Medicare und die immer wiederkehrende rücksichtslose Schaffung von Blasen......

ganzer Artikel:

lunar 20.07.2008 12:33

2 Anhang/Anhänge
Posted by fabric (Börsenstop ;):hihi) Posted by honey (Börsenfreunde :rolleyes)

Aktuelle Uhrzeit 03:30

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