It recently dawned on me that I do far more searches away from Google than I do on Google. I’m not talking about a factor of 2 to 1 or 3 to 1. My off Google searches out number Google searches by at least 10 to 1 on a daily or weekly basis . How…
I couldn’t have asked for a better case to kick off loading SEC vs …. trial transcripts on this blog. But before I get into it, let me add some disclosures. I am not a lawyer. So take anything I say that might be construed as legal “advice” with pounds of salt. I’m not attempting…
First, let me say what you read here is going to be wrong in several ways. HFT covers such a wide path of trading that different parties participate or are impacted in different ways. I wanted to put this out there as a starting point . Hopefully the comments will help further educate us all…
Tax every single share of stock that is bought and sold 10 cents per transaction. One dime. If you buy a share of stock, your brokerage pays a 10c tax. If you sell a share, your brokerage pays a 10c tax. 1 share, 100 million shares. Its 10 cents per share. Of course the tax…
Morale Hazard. Its another way of saying that Failure should have Pain attached to it. Wall Street is not stupid. While spreadsheets define financial risk, contracts define the personal pain of failure. When the financial rewards disappear or go negative, thats when the contracts get terminated or let expire. At which point any Pain associated…
Let me get this straight. In 2008, funds trying to squeeze out another basis point or two thought they were being conservative buying insurance on heavily leveraged portfolios of sub prime loans and other debt. Once those loans started to default, it created a cascading deleveraging event which lead to major financial institutions failing and…
This is for anyone who has under 250k dollars in stocks and bonds and also has debt. If you listen to me, I GUARANTEE YOU that you will earn a greater return than 90pct of the richest, supposedly smartest money managers ON THE PLANET. All those Wall Street fat cats, they can’t earn as much…
So whats the difference between being underwater on a mortgage and underwater on a stock ? Is it that “experts” will tell you to hold the stock in hopes of it going up in value and then explain that those with homes worth less than their mortgages shouldn’t feel bad about breaking their mortgages and…
In reading all the discussion about the possibility of a bailout of GM, Ford and maybe Chrysler, it appears to me that no one has asked and answered the fundamental questions behind the issue. First let me say that this is not about the quality of cars they build. I just bought a Ford for…
November 18, 2008 On behalf of Mark Cuban RE: SEC Civil Action in the United States District for the Northern District of Texas, Dallas Division The SEC knows their case centers on one telephone conversation between two individuals- 4 years ago. The SEC claims there was an agreement between these parties to the conversation to keep certain information…
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