Archive - Apr 30, 2010 - Blog entry
Let The Reign Of Terror Begin
Submitted by Econophile on 04/30/2010 14:28 -0500Whether you like it or not, Goldman is THE scapegoat for what is perceived as capitalism's failures. Goldman was not the cause of the boom or the bust, but Congress is looking for heads. The threat of criminal indictment hangs over Wall Street. Let the bloodletting begin.
If We Broke Up Standard Oil, We Can Break Up the Giant Banks
Submitted by George Washington on 04/30/2010 14:19 -0500Paging, Teddy Roosevelt ...
5 Reasons We Must Break Up the Giant Banks
Submitted by George Washington on 04/30/2010 14:17 -0500Anyone (I'm talking to you, Larry Summers) who says that giant banks aren't bad for the economy should be sent this list ...
Remain Calm! All is Well!
Submitted by Chris Pavese on 04/30/2010 13:49 -0500As we discussed in our Q4-09 Broyhill Letter, it appears that the EU’s initial plan of action (see illustration below) was not exactly a robust plan after all. At the time, we suggested that Mr. Almunnia consult his history books, when he claimed that “There is no bailout problem. In the euro area, default does not exist.” Actually, European nations have defaulted on their debt a stunning 73 times since 1800, with Greece in default more than 50% of the time!
Goldman a Criminal? What's the Charge?
Submitted by Bruce Krasting on 04/30/2010 13:46 -0500Just connecting the dots. You tell me.
Can You Believe There Are Still Analysts Arguing How Undervalued Goldman Sachs Is? Those July 150 Puts Say Otherwise, Let’s Take a Look
Submitted by Reggie Middleton on 04/30/2010 12:01 -0500Remember, practically everybody poo-poohed my research and opinion in 2008 when I said Goldman was drastically overvalued. Those 600% to 1,000% gains on put options proved otherwise. Speaking of which, look at those July 150 puts… Can you smell what old school, fundamental analysis (you know counting profit and discounting for risk) is cookin’???
