Moon Kil Woong
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Can Bruce Berkowitz Redeem Himself In 2012? [View article]
I hear a ton of people every day saying buy these garbage companies because they will benefit from government stimulus, QEIII, are giving them special money making deals like passport processing to Citibank, etc. The sad thing is that they are right. I wouldn't bet against them in an election year.
Is It Time To Buy The Banks? [View article]
5 Bruce Berkowitz Stock Picks Now On Sale [View article]
2011 Is Not 2008: Why Lehman Was the Last 'Lehman' (Part 1) [View article]
7 Reasons Why Stocks Are Set to Resume Selling Off [View article]
5 Highly Shorted Stocks Near Lows Being Bought Up by Insiders [View article]
We still haven't seen the final outcome of all those off book derivatives contracts that the government and bankers are still trying to hide (all $500 trillion of them). I still wouldn't call AIG solvent or a good buy.
5 Reasons Not to Bet Against Research in Motion [View article]
Q&A With Author of 'Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide' [View article]
This is a great and very accurate summation by David Merkel. I hope decision makers in Washington read it and take action (I know they won't. They get paid too much not to do it). Anyways thanks for the article.
Book Review: 'Fatal Risk - A Cautionary Tale of AIG's Corporate Suicide' [View article]
Lack of regulation in latting banks insurance and brokerages interlink was bad, but even so, it was AIGs fault it got drawn into overleveraging. State Farm and others avoided this business. AIG was just greedy and stupid and now America has to pay the price. Unfair in the extreme!
How the S&P 500 Destroyed $4.5 Trillion [View article]
AIG Pays the Government Back ... With Its Own Money ... Again ... [View article]
Don't be fooled TBTF banks will be at the till once again during the next recession. This solves nothing. As for AIG, I wouldn't be surprised if they too need more money before all is paid off even if it uses Treasury money to pay the fed and vice versa.
But please, pay attention to the giant hole under Fannie Mae and Freddie Mac. They are the ones still blowing up and blowing taxpayers money today, not tomorrow. That's because banks are using them as a state censured dumping grounds for all their bad home loans. Good job moving the sxxx ball from one entity to another. We aren't fooled.
Data Drives Stocks Sharply Lower [View article]
Institutional Buying and Selling of S&P 500 Stocks by Sector [View article]
AIG-Taiwan Deal Appears Hopeful [View article]
A weakening of Taiwan to China is a much greater threat and would be much more costly to the US than the $2 billion it would gain from selling AIG's unit.
Cassano Comes Out Swinging [View article]