According to some pundits, the simplest solution to our economic crisis is to suspend or abolish the mark to market accounting rules. For those unfamiliar. Mark to market is where a company reprices their assets on a daily basis to the most recent market transaction price. If asset prices are falling, this means that the…
700Billion bailout ? Ebay it !
Lack of transparency got us in to this mess, lets not let lack of transparency keep it messy. The government needs to immediately setup an exchange, it could be ebay.gov with more in depth description fields, for all I care. However they do it, EVERY asset the government will buy or sell as part of…
My Presidential Endorsement..
Dear Sen. McCain, I admire your desire to cut taxes, and to eliminate the pork barrel spending that costs all Americans our hard earned money.I like your Maverick spirit. However, after the events on Wall Street this past week, my hope is that you will completely retract your economic strategy and do the prudent thing,…
I made my point
As much as I felt posting my “Thanks for the Advice on Josh Howard” post was the right thing to do, I have had an upset stomach all day because of it. I thought it was important to point out the hatred and ignorance of so many who quickly judge people they have never met,…
The AIG – Lehman – Merrill Lynch Link
3 Companies facing cash crunch oblivion. A bankruptcy, an desperation sale and pure desperation. What do all 3 companies have in common ? Share buybacks. Billions and Billions and Billions in share buybacks over the last 18 months. AIG March 2, 2007 BOSTON (MarketWatch) — Shares of American International Group Inc. got an early lift…
Stock Market Meltdowns – Why they will happen again and again and again
There is one major problem on Wall Street, that until solved, will result in meltown after meltdown in future years. I can’t say if the meltdown monkey will hit every 2,3, 5 or 10 years. But I can say with certainty that it will happen again. Why ? Because Risk and Reward have been decoupled…
Batallions of Hackers vs Soldiers and Presidential Computer Literacy
With the Dems bashing Senator McCain for not being computer literate, the question is raised. Is it a good thing, bad thing or meaningless that the President is computer illiterate.? I believe that Senator McCain could still be an effective leader and President without being computer literate, but he would be far less effective, and…
The President is Not a Role Model
Charles Barkley said it best when he said that he was not a role model and that parents need to take responsibility for their kids’ upbringing. I think we can now officially say the same thing about Lets start with sportsmanship. We all want our kids to be good sports, right ? The transcript of…
Talking Stocks
Mark Cuban
Where did all the good tech discussions go?
Mark Cuban
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