REFORM

rffrydr · Posted: Sat Mar 29, 2008 7:15 am Post subject: REFORM

We all knew it was coming:

http://www.latimes.com/business/la-fi-treasury29mar29,0,5300410.story

Remains to be seen if this is for "the general good."
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rffrydr · Posted: Fri Feb 03, 2012 10:55 am Post subject:

Lest we forget:

http://www.fool.com/investing/general/2012/02/01/who-benefits-from-bankruptcy.aspx
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rffrydr · Posted: Wed Feb 01, 2012 6:43 am Post subject:

The Facebook IPO could go a long way toward rehabing Wall St's public image--or the opposite. Let's hope they pull it off.

http://www.latimes.com/business/la-fi-0201-facebook-ipo-20120201,0,7558366.story
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rffrydr · Posted: Wed Jan 11, 2012 9:24 am Post subject:

BAC getting, properly, hosed today over their "forced-placement" "policy." In the context of the economy, and even the greater stability of the banks themselves, this little piece of leverage virtually guarantees foreclosure. And here it was back in March:

http://seekingalpha.com/article/258082-bank-of-america-leak-exposes-alleged-force-placed-insurance-fraud

And you wonder why they all hate the Consumer Protection Agency?!
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rffrydr · Posted: Mon Jan 02, 2012 8:53 am Post subject:

"All the market will bear" gives way to "Give the people what they want."....Verizon scraps it's fee for paying a fee:

http://rss.cnn.com/~r/rss/money_topstories/~3/Hv5QmjpRUYk/index.htm
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rffrydr · Posted: Fri Dec 23, 2011 11:53 am Post subject:

Enemies within Cool

http://finance.yahoo.com/news/bogle-time-speculators-pay-fair-200533221.html
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rffrydr · Posted: Thu Nov 03, 2011 10:16 am Post subject:

They told europe they couldn't do a transactions tax because IB's would flee the Continent. That leaves bonus-tax London, or land of the free and home of the brave:

http://www.businessweek.com/news/2011-11-03/u-s-transaction-tax-clearinghouses-mf-global-compliance.html
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rffrydr · Posted: Wed Nov 02, 2011 8:18 am Post subject:

FINRA basically pulled the plug on MF Global by exposing the trade. This shows what IB's do; this shows what they won't be doing anymore. A sacrificial lamb?

http://ftalphaville.ft.com/blog/2011/11/02/720901/mf-global-and-echoes-of-repo-105/

Hold-to-Maturity might not exist 'cepting the most staid insurers, pensions--so what does this say about trading?
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rffrydr · Posted: Mon Oct 24, 2011 12:06 pm Post subject:

One of the positive aspects of the collective head burial of eurostriches the world over is the realization that the "sea of liquidity" supposedly underlying our markets is, like the micro-second cancel-and-replace orders themselves, a mirage.

Indeed the market is trading exactly how you'd expect a market to trade who's retail back has been broken on the wheel of depression. Big gaps, lots of volatility, 5-10% moves on earnings for even the biggest traded companies. It's not the machines putting bids in here, it's humans.....humans buying scared, or selling desperately. Current moves to pull the plug should be encouraged.

As Buffett's son might say, 99% 'ers unite! Exclamation

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rffrydr · Posted: Wed Oct 05, 2011 5:29 pm Post subject:

And the beat goes on:

http://www.cnbc.com/id/44785581

Best part of decent movie, "Contagion" is the Jud Law character stumbling amongst the bodies in his bubble suit, scribbling away his propaganda.
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rffrydr · Posted: Thu Sep 15, 2011 10:23 pm Post subject:

The Tar-baby has already gotten its sticky fingers, shockingly to me, into the FT, Der Spiegel and, in this ugly instance, the "Wall St. Journal"--then repeated and magnified (and picked up by the hedgie algos):

http://m.ft.com/blog/2011/09/13/675811/zut-alors-french-bank-sell-off-part-deux?catid=576&SID=google

French banks down 7%...then, recognizing the stupidity, up 10% within hours. This chit is right out of the 1920's. And its sending traders down the path of forsaken retail. Apparently, for the machine mind, if it can be imagined it will be realized...and go from there.
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rffrydr · Posted: Thu Sep 08, 2011 6:36 am Post subject:

I think there's a future in market "prosecution":

http://www.ft.com/intl/cms/s/0/c8ed4248-d962-11e0-b52f-00144feabdc0.html#axzz1XMY8iUOk
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rffrydr · Posted: Sat Sep 03, 2011 9:38 am Post subject:

ATT really had it all buttoned up:

http://www.bloomberg.com/news/2011-09-02/-52-steaks-on-menu-as-at-t-feted-lawmakers-during-t-mobile-push.html
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rffrydr · Posted: Wed Aug 17, 2011 1:03 pm Post subject:

Well Italy's plugging holes with a 25% CapGains tax and Super-Sarko let loose another cloud yesterday with the transaction tax. Careful what you wish for. Markets may get deleveraged out of existence.
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rffrydr · Posted: Mon Aug 08, 2011 1:29 pm Post subject:

Let's go to Norway:

AAA countries - but they are not liquid enough for the type of macro
consideration required at the moment. Let's look at Sweden, Norway, Australia
and Canada as the markets that are most often mentioned to us as better credit
than the UK. These bond markets are, respectively, £70bn, £22bn, £116bn and
£264bn in size. The UK is £842bn, nearly twice as big as those four combined
(comparison is nominal bonds, excluding bills).
Equally, on the FX side, GBP is one of the big 4 currencies. In the composition of
the IMF's SDR basket GBP is the third largest at 11.3% (behind USD and EUR,
ahead of JPY) and GBP/USD (your key UK FX cross as this is all about asset
allocation) has the third highest share of FX trades in Q2 2011 behind EUR/USD
and AUD/USD. So if we are talking about substantial asset allocation, GBP is the
obvious choice.
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rffrydr · Posted: Fri Aug 05, 2011 1:04 pm Post subject:

Hey Mr. "free market" how 'bout a tax on canceled orders. Quants have got to be stopped, the one-second plus group is unanimous.
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