Category Archives: Negative Cash Flow

Playing The Market Plunge

investors should marshal their cash smartly. For a decade or more, Wall Street’s financial-planning machinery has claimed to have optimized the investing equation and boiled it down to simple calculations encouraging investors to abide by asset-allocation models heavy reliant on … Continue reading

Posted in Market Strategies, Negative Cash Flow, Patience is a virtue...Delusion is a vice | Leave a comment

How Carl Levin Got Goldman Sachs’s Goat

Interview by Paul Smalera, senior editorApril 30, 2010: 3:21 PM ET (Fortune) — At Tuesday’s epic Goldman Sachs hearing, Senator Carl Levin of Michigan led a public grilling of Wall Street not seen by a government panel since the Depression-investigating … Continue reading

Posted in Goldman: Underwriter or Undertaker?, IT'S ALL ABOUT POWER AND MONEY, Integrity and Responsibility, Is Goldman Sachs Evil?, It Is Nice To Be Part of the Elite!, Naked, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, Regulatory Failures, Residential Market, Stupid!, Sub-Prime anytime, TARP fruit loops, The American Financial Oligarchy, The Arrogance of Power, The Consequences of Greed, The Financial Elite, The Geithner Resignation Watch | Leave a comment

Does It Make Sense to Resurrect the Glass-Steagall Act?

In the present system, the more unrestricted the banks are, the more money they can generate “out of thin air,” and the more damage they can inflict upon the wealth-generation process. FULL ARTICLE by Frank Shostak

Posted in A Growing List Of One Term Presidents, A Moral Question - Not A Political One, A Shareholder-Not Just a "Stakeholder", A State of Distress, A Time To Repent, AIG and all that....., Audit the auditors?, Back to the basics, Bank Failures, Banks - Crisis Discussion, Collateral Damage, Consumption Ran the Old Economy, Coup d'etat in America, Figures don't lie but Liars can figure, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, PANDEMIC, Regulation - the Discussion, Regulatory Failures, The Consequences of Greed, The Democrats Blew It Again, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Joy of Being A Bank, The excellent adventures of Ben Bernanke, “the Greenspan doctrine” | Leave a comment

A Short Question For Senior Officials Of The New York Fed

At the height of the financial panic last fall Goldman Sachs became a bank holding company, which enabled it to borrow directly from the Federal Reserve.  It also became subject to supervision by the Federal Reserve Board (with the NY Fed on point) – … Continue reading

Posted in Jacksonian Democracy, Let's Call What It Is - DEPRESSION, Monetary Policy - Discussion, Negative Cash Flow, Obama's Hypocrisy, Our phony middle class, Political Implications, Regulatory Failures, Small Business-Bedrock of America, The Arrogance of Power, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The excellent adventures of Ben Bernanke, Truth In Charity, Unindicted Co-Conspiritors, Who Guarantees the Guarantor?-You Do! | Leave a comment

A CLOSER LOOK AT THOSE GREAT HOUSING FIGURES

Just yesterday, for instance, the Commerce Department reported that new-home sales grew at an annualized rate of 11 percent last month, which was much better than people were expecting. And if you look under the covers, the annualized rate actually … Continue reading

Posted in Mortgages, Negative Cash Flow, Our phony middle class, Residential Market | Leave a comment

Securitization was maddeningly complex. Mandated transparency is the only solution.

With so much complexity, and uncertainty about future performance, it is not surprising that the securities are difficult to price and that trading dried up. Without market prices, valuation on the books of banks is suspect and counterparties are reluctant … Continue reading

Posted in Audit the auditors?, Bank Failures, Cash Flow, Deleveraging, Did they ever hear of GAAP?, Lending Crisis, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos | Leave a comment

The end of the recession will merely be the start of a long, painful journey, says Edmund Conway.

t’s a game of far more than two halves: more tactical than cricket, more stomach-churning than boxing and more complex than bridge. Throughout a magnificent summer of sport, one competition has lasted longer than any other, and generated the most … Continue reading

Posted in Important Skills - No Apprentice Programs, Insolvency, Integrity and Responsibility, Let's Call What It Is - DEPRESSION, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, Patience is a virtue...Delusion is a vice, The Importance of Strategic Planning, The New American Socialism, The Sorry State Of American Manufacturing, Truth In Charity | Leave a comment

Transparency: The Largest Bankruptcies in History

Last week, General Motors began the fourth largest bankruptcy proceedings in history, joining the many other large and venerable companies that have sunk to the bottom during this economic crisis. In fact, eight of the 20 largest bankruptcies have happened … Continue reading

Posted in History of Finance, Insolvency, Let's Call What It Is - DEPRESSION, Negative Cash Flow | Leave a comment

Forgetting What We Learned

ILLITERACY IN HIGH PLACES by Paul Craig Roberts If a person lives long enough, he can watch everyone forget everything they learned. Everyone includes Federal Reserve Chairmen, economists, Bank of America “strategists,” and even Bloomberg.com. Federal Reserve Chairman Ben Bernanke … Continue reading

Posted in A State of Distress, Back to the basics, China and the Treasuries - A Dependency Relationship, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Global Trade, Insolvency, Interest Rates, Let's Call What It Is - DEPRESSION, Libertarianism - the Debate, Negative Cash Flow, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The New American Socialism, The Rand Gene, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

It’s Official: Worst Recession in Five Decades

This recession is now the worst since at least 1958, which is as far back as the index of coincident indicators stretches back. The Conference Board reported today that the index, which is intended to measure how the economy is … Continue reading

Posted in Back to the basics, Coming Social Unrest, Coup d'etat in America, History of Finance, Insolvency, Integrity and Responsibility, Let's Call What It Is - DEPRESSION, Negative Cash Flow, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Global Economy, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

ARMs Away!

Subprime is done. All the teaser rates are over, the interest rates have reset and the writing is on the wall. But in the coming quarters, the scenario will play out with other exotic mortgages, Option ARM (pick-a-pay), Alt-A, etc. … Continue reading

Posted in Lending Crisis, Mortgages, Negative Cash Flow, Our phony middle class, Residential Market, Sub-Prime anytime | Leave a comment

Beggars Are We All…..

http://jessescrossroadscafe.blogspot.com/ Bernanke’s wager is on a virtual free lunch by printing money. “Fed chair Ben Bernanke has long argued that central banks can bring down long-term borrowing rates by purchasing bonds “at essentially no cost”. His frequent writings rarely ask … Continue reading

Posted in Insolvency, Integrity and Responsibility, Let's Call What It Is - DEPRESSION, Negative Cash Flow, Patience is a virtue...Delusion is a vice, Political Chaos, Sub-Prime anytime, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The excellent adventures of Ben Bernanke, We Have Become Beggars To The World | Leave a comment

Credit Card Changes

From the NYT:     http://www.nytimes.com/2009/05/20/your-money/20money.html?_r=1&hp At first glance, the sweeping credit card legislation that passed the Senate on Tuesday looks like a huge victory for consumers. The bill, after all, contains relief from penalty fees and certain interest rate spikes. But … Continue reading

Posted in Credit Card Debt, Creditors Caveat, Negative Cash Flow | Leave a comment