Stone Street Advisors's blog
13 & 26 Week Bill Auction, April Issuance Calendar
Submitted by Stone Street Advisors on 04/11/2011 11:49 -0500Dean Baker On Recent Economic Data
Submitted by Stone Street Advisors on 04/05/2011 16:32 -0500Only in Washington would this be hailed as good news...
Making Money off of Bad Debt - A Recovery Play
Submitted by Stone Street Advisors on 04/04/2011 12:53 -0500During the Great Recession plenty of money was made betting against the consumer. In 2010, the number of non-business bankruptcy filings grew by 8.8% to 1.5 million. While this number may seem high, it is significantly lower than the 31.5% jump in 2009. In the shadow of bankruptcy lead defaults lies Portfolio Recovery Associates, Inc. (NASDAQ: PRAA). With a market cap of $1.4 billion, PRAA is the leading receivables management company. Read more to see how you can cash in on their ability to collect.
On Wachovia, Whistle-Blowers, and Incentives
Submitted by Stone Street Advisors on 04/03/2011 16:55 -0500The only thing necessary for the triumph of evil is for good men (and women) to do nothing...
Taxing "The Rich:" Theory v. Practice
Submitted by Stone Street Advisors on 03/27/2011 12:59 -0500States can't have their proverbial cake & eat it, too. In times of economic and financial distress, they can jack-up taxes on "the rich," to their hearts' content, but they cannot do so without consequence. States prosper when the fortunes of "the rich" increase and share in the pain when they decrease.
Aaand It Gets WORSE at China MediaExpress Holdings CCME
Submitted by Stone Street Advisors on 03/17/2011 16:04 -0500Excuse My Continued Lack of Surprise...
China MediaExpress Holdings CCME: Goodnight!
Submitted by Stone Street Advisors on 03/14/2011 15:19 -0500When the auditor and CFO of a Chinese reverse-merger "company" resign, run for cover.
The Final Nail in the China MediaExpress Holdings Coffin
Submitted by Stone Street Advisors on 03/12/2011 15:32 -0500Barring some seemingly impossible refutation of Roddy Boyd's observations and analysis from visiting CCME, I'm ready to call this game over. CCME is a massive and entirely obvious fraud.
Ignorant Non-Sequitur of the Day: China MediaExpress Holdings Edition
Submitted by Stone Street Advisors on 03/11/2011 13:25 -0500Just because Deloitte has signed-off on China MediaExpress Holdings' filings and has yet to step-down does not mean there isn't any fraud. Unfortunately, some people seem to think Auditors are an all-knowing, all-powerful force for good to protect investors. This, the case is not.
Did Mary Schapiro Lie in Her Testimony to Congress?
Submitted by Stone Street Advisors on 03/10/2011 16:42 -0500How can the SEC's Office of Risk, Strategy, and Financial Innovation "provide the Commission with sophisticated analysis..." when there's no one running the Office of Data & Data Analysis?
Naked Capitalism is Wrong About Who Caused the Financial Crisis: Yet Another Anecdotal Example
Submitted by Stone Street Advisors on 03/09/2011 14:26 -0500Yves & Tom of Naked Capitalism continue to blame those who shorted housing and housing-derivatives for driving the demand for the structured credit derivatives that almost ruined the financial system. That's like blaming the U.S. for the acts of Nazi Germany during WWII: It's just doesn't make any sense.
Wells Fargo Pick-A-Pay Portfolio: Presented without Comment*
Submitted by Stone Street Advisors on 03/04/2011 09:18 -0500The NFP was a snoozer. Today it is time to put the debate about Wells Fargo's Pick-A-Pay portfolio out to pasture. Please vote in the poll.
Bill Auction Results, Updated Calendar and Fed OMO's
Submitted by Stone Street Advisors on 02/28/2011 12:59 -0500Today's 13 and 26 week bill auctions have been updated on the US Bond Auction...
BMW to UAW: You Suck!
Submitted by Stone Street Advisors on 02/28/2011 12:38 -0500While Ford, GM, and Chrysler were getting bailed out by the Government, BMW spent a Billion dollars to expand a plant in South Carolina. It's non-union.
10 Things Wells Fargo Wants You to Ignore
Submitted by Stone Street Advisors on 02/28/2011 12:22 -0500Wells Fargo filed its 2010 Form 10K late Friday. Extend and pretend is real - here are just 10 of the active ingredients (with a few musings from Mr. Buffett mixed in).
