tduncaneu

Recent Comments

  1. 1
    Posted 2008-09-22 18:15:46 on Where Does the Line for “Ultra-rich” Start and Do I Qualify?

    If anyone thinks Paulson knows what he is doing, just go back and read his public statements over the last six months. Giving him a check for $700 billion is like asking Tony Soprano to keep an eye on your jewelry store while you go on vacation. Perhaps there is a sane person or two around: Take a look at Dodd's plan http://www.politico.com/static/PPM41_ayo08b28.html It is a sttriking 44 pages long and even starts to make sense.

  2. 2
    Posted 2008-09-22 18:04:23 on Media to Assist In Resolving Credit Crisis By Coloring Truth In Other Direction For Now

    Perhaps there is a sane person or two around: Take a look at Dodd's plan http://www.politico.com/static/PPM41_ayo08b28.html It is a sttriking 44 pages long and even starts to make sense.

  3. 3
    Posted 2008-09-21 11:37:11 on Bailout Proposal

    Did anyone else see the article in the WSJ? The AIG warrants were never properly documented according to the Fed. After taking $35 billion from the government, the AIG board is now saying that the warants can only be isued with shareholder approval - and shareholders would approve why? I documented the loan to my little brother for his motorcycle better than AIG bailout appearantly. SEC can't even list correct tickers when it shuts down the options markets on 700 stocks. Anyone besides me getting nervous? It's like the surgeon just walked in to operate on your brain and he is three sheets to the wind. #53 Baaaaaa, Baaaaa Watching Sunday morning talk shows - not even the WSJ guy has a basic understanding of finance and economics. See #13 Krugmans analysis - RTC and every other "bail-out" was extended for assets at BANKRUPT intstitutions. Here Paulsen has unchecked non-transpearant $700 Large to buy GS, NS, Carlyle assets from Bush buddies at 2X, 3X, 10X market and allow them (and their shareholders to prosper). I have been a Republican, but come on guys, this stinks like old fish. Bush did look into Putin's eyes and liked what he saw. The USA is turning into a Kleptocracy just like Russia.

  4. 4
    Posted 2008-09-19 11:00:45 on Thank God The Nigerians Are Protected

    Please, can you help me? I am wealthy individual from the formerly royla family. I have many funds but am temporarly unable to access them due to temporary ban on short selling by oppressive government regime. If you wire me only $1.345.000 us I will gladly share in 50% of soon to be recoverd funds and your profits will be many fold

  5. 5
    Posted 2008-09-18 23:49:06 on SEC: Welcome To Pakistan

    Now Bloomberg says that the SEC ban would only apply to brokerage firms. Appears WSJ F## Up the story. Still not approved by commission in any case.

  6. 6
    Posted 2008-09-16 23:55:50 on Fed May Does Offer Bridge Loan To AIG

    @289 Feds did not pay anything for equity - they loaned $80 billion at usurious rates and shut down any and all div payments to com and pref. They paid 0 for 80% of the stock. Appearantly AIG in fact is bankrupt when marks are taken. Like Lehman, they appearntly lied about thier asset value. So, feds own likley 80% of nothing and common own 20% of the same. If the board didn't think it was worthless, why do the deal? But, I predict will close @ $2-3 tomorrow.

  7. 7
    Posted 2008-09-14 22:20:44 on Bank of America Reaches Deal To Buy Merrill Lynch

    Wasn't it less than a year ago that the Merrill board fired Stan Oneal for trying to sell Mer to Wachovia for $80 a share? Some might say ironic

  8. 8
    Posted 2008-09-14 16:21:16 on Barclays Pulls Out From Lehman Deal

    I think Fuld should just show up at the office tomorrow morning around 10:30am and act like nothing happened. Then head out to the gym and long lunch with secretary around 11am and out to the club in CT after lunch.

  9. 9
    Posted 2008-09-14 14:25:21 on Lehman Talks Continue: Government Backing Still A Sticking Point

    @43 Chapter 11 but brokerage operations go into receivership to protect and provide liquidity (some) for client funds I believe. Bottom line - Bankruptcy best option if Fuld really beleives that equity not worth 0. He has liquidity, if they try to jerk that away all hell would break loose. Bankruptcy provides a better auction-like environment and some time to maximize bidding and structuring on at least some of assets. Feds can't just natioanlize a company. Remember, Bear shhldrs got $10 at the end of the day.

  10. 10
    Posted 2008-09-14 12:44:21 on We Have Reached A Deal For Lehman, Sources Say

    Is the sticking point just the bad assets - or bad assets and Fuld's insistance that the equity holders get something other than zilch? If the latter, maybe stockholders own $30bill in bad assets tomorrow and Barclays or BAC own the rest just for having the capital to keep the firm in business. If the number for yucky stuff is really $85bill, then it's the feds who are gonna own it, one way or the other.