BLOG.JMHAMILTONPUBLISHING.COM: Monthly Archives for July 2010

That's $4 Trillion Below the Value of Mortgages, or Debt Owed to Banks

Posted by J.M. Hamilton Blog at 7/19/2010 7:09 PM | Add Comment

"... he offers a target of 1300 for the S&P 500 by next summer."

Posted by J.M. Hamilton Blog at 7/18/2010 6:51 PM | Add Comment

"They've finally decided to make their stand on the backs of the unemployed."

Posted by J.M. Hamilton Blog at 7/18/2010 1:01 PM | Add Comment

"Bloomberg, 68, is a fiscal conservative with liberal social views who is formally an independent. He combines proven political skills with business acumen and has drawn high ratings for his job running New York City."

Posted by J.M. Hamilton Blog at 7/18/2010 12:45 PM | Add Comment

"A BP spokesman said it did not comment on rumor and speculation."

Posted by J.M. Hamilton Blog at 7/18/2010 12:42 PM | Add Comment

"KB Home, the U.S. homebuilder that targets first-time buyers, reported a wider-than-estimated loss and a drop in new orders in its second quarter."

Posted by J.M. Hamilton Blog at 7/18/2010 11:20 AM | Add Comment

"We recognize that, as is always the case, the SEC has reserved the right to reopen those matters based on new information."

Posted by J.M. Hamilton Blog at 7/18/2010 9:44 AM | Add Comment

“They’ll just surround themselves with extra lawyers.”

Posted by J.M. Hamilton Blog at 7/18/2010 9:14 AM | Add Comment

"... it could be that the reservoir of oil had been depleted by the gusher."

Posted by J.M. Hamilton Blog at 7/18/2010 9:13 AM | Add Comment

The Exceptionally Nasty Politics of Unemployment… And the Most Fiscally Conservative President in the Last Thirty Years

Posted by J.M. Hamilton Blog at 7/17/2010 1:27 PM | Add Comment

“They should follow the law and let them lapse,” Mr Greenspan said in an interview.

Posted by J.M. Hamilton Blog at 7/17/2010 1:03 PM | Add Comment

"Meanwhile, all signs point to continuing economic malaise, even if it doesn't qualify for the proverbial double dip, thanks to growth numbers having nominal plus signs ahead of them."

Posted by J.M. Hamilton Blog at 7/17/2010 9:30 AM | Add Comment

Donlan May Have Stumbled Upon a Way to Cut Government Spending: Pit Two Multi-Nationals Against One Another, Add Lobbyist and Politicians, and Let them Fight INDEFINATELY!

Posted by J.M. Hamilton Blog at 7/17/2010 9:29 AM | Add Comment

"(Fusion IQ): Goldman paid the highest fine/settlement in the history of the SEC. It admitted material omissions and misstatements in its marketing materials, disgorged profits, made up investor losses and faces significant risk of future litigation."

Posted by J.M. Hamilton Blog at 7/17/2010 8:51 AM | Add Comment

Private Equity, Rattner, Quadrange, and the Auto Industry Czar!

Posted by J.M. Hamilton Blog at 7/17/2010 8:28 AM | Add Comment

ABI Slips...

Posted by J.M. Hamilton Blog at 7/17/2010 7:38 AM | Add Comment

What Do the Affluent Know that We Don't.... On Economic Matters, A Great Deal!!!

Posted by J.M. Hamilton Blog at 7/17/2010 7:25 AM | Add Comment

Would it not be a positive developement if the SEC utilized its fines to support itself, as opposed to turning those funds over to Treasury???

Posted by J.M. Hamilton Blog at 7/17/2010 7:23 AM | Add Comment

"As far as I'm concerned, we're experiencing a rally that is taking place within the confines of a long-term, major or primary bear market," Russell writes.

Posted by J.M. Hamilton Blog at 7/16/2010 7:18 PM | Add Comment

The Lords of Karma at Play? 150% Mark Up on the I Phone, Chinese Labor Suicides? Cool, A Free Case with Every Broken Phone!

Posted by J.M. Hamilton Blog at 7/16/2010 7:02 PM | Add Comment

REALITY Meets the Mother of All Game Shows: The Stock Market! My bets on REALITY!

Posted by J.M. Hamilton Blog at 7/16/2010 7:01 PM | Add Comment

Ooops! Who Would Have Thought? Wonder Where that TARP Money Is?

Posted by J.M. Hamilton Blog at 7/16/2010 6:59 PM | Add Comment

Take a bow...

Posted by J.M. Hamilton Blog at 7/16/2010 6:59 PM | Add Comment

Politicians Pass the Buck on Bank Reform. Bank Finance Reform Puts Responsibility back on the Very People who Failed the Country in the Latest Crisis: The Regulators! Next time, The Democrats (Dodd, Frank, Summers) will only have themselves to Blame!

Posted by J.M. Hamilton Blog at 7/16/2010 6:58 PM | Add Comment

The Gift that Keeps on Giving! Excellent... On Top of the 185 Billion Bailout, Tax payers can Anti Up Another $725 Million for AIG's Sins!

Posted by J.M. Hamilton Blog at 7/16/2010 6:57 PM | Add Comment

"It's a great sight but it's far from the finish line," Doug Suttles, a senior BP executive, told reporters.

Posted by J.M. Hamilton Blog at 7/15/2010 9:29 PM | Add Comment

To Use the Administration's Analogy, "W" Not Only Helped Run the Car/U.S. Into the Ditch, but Nearly Totaled It...

Posted by J.M. Hamilton Blog at 7/15/2010 9:28 PM | Add Comment

AIG and Off Balance Sheet Accounting...

Posted by J.M. Hamilton Blog at 7/15/2010 9:27 PM | Add Comment

"Investors have shunned private-equity stocks since Blackstone, the largest buyout firm, sold shares three years ago, just as the credit crisis ended a three-year boom with $1.6 trillion in announced deals, many of which have yet to turn a profit."

Posted by J.M. Hamilton Blog at 7/15/2010 9:26 PM | Add Comment

The Goldman Fine is Laughable - Goldman Earns a 550 Million in Two Weeks Time!

Posted by J.M. Hamilton Blog at 7/15/2010 5:38 PM | Add Comment

"Unfortunately, the bill does very little to make our system safer.” The Cornerstone of the Next Crisis has been Set!

Posted by J.M. Hamilton Blog at 7/15/2010 5:36 PM | Add Comment

“I know what they’re against, but I don’t know what they’re for,” Vice President Joseph R. Biden Jr. said of the Republicans as he unveiled the report. “I mean that literally.”

Posted by J.M. Hamilton Blog at 7/15/2010 5:00 AM | Add Comment

Such news only emphasized the gulf between Main Street and Wall Street.

Posted by J.M. Hamilton Blog at 7/15/2010 4:41 AM | Add Comment

The Crowding Out Affect? Time to start buying Gold?

Posted by J.M. Hamilton Blog at 7/15/2010 4:37 AM | Add Comment

News Net Services May have Reported: It is widely Rumored that "Death," himself (aka the Grim Reaper), Is Afraid to Approach the Ailing Cheney, Out of Fear of Reprisals....

Posted by J.M. Hamilton Blog at 7/14/2010 8:01 PM | Add Comment

FED: “The economic outlook had softened somewhat and a number of members saw the risks to the outlook as having shifted to the downside,” minutes released today in Washington said.

Posted by J.M. Hamilton Blog at 7/14/2010 8:00 PM | Add Comment

China appears to be in a race, to join the E.U. and the U.S., in trashing their Currency!

Posted by J.M. Hamilton Blog at 7/14/2010 7:58 PM | Add Comment

Chamber of Commerce Advocates Fiscal Irresponsibility in the Face of Mounting Budget Deficits!

Posted by J.M. Hamilton Blog at 7/14/2010 7:55 PM | Add Comment

Amen to That!

Posted by J.M. Hamilton Blog at 7/14/2010 7:54 PM | Add Comment

“We remain fully committed to delivering on AIG’s core priorities: repaying taxpayers, meeting all of the company’s obligations to its various stakeholders, and restructuring the company so that it emerges as a smaller, more focused enterprise..."

Posted by J.M. Hamilton Blog at 7/14/2010 7:52 PM | Add Comment

Global Economic Recovery Map...

Posted by J.M. Hamilton Blog at 7/13/2010 8:42 PM | Add Comment

"Furthermore, 50 percent of the participants said that such corruption gives the Taliban political capital and helps their insurgency."

Posted by J.M. Hamilton Blog at 7/13/2010 8:39 PM | Add Comment

Like U.S. Bank Regulation, Basel III Gets Watered Down: "European banks appear more highly levered than their U.S. counterparts partly because U.S. accounting rules allow more assets to be kept off balance sheets than European standards do."

Posted by J.M. Hamilton Blog at 7/13/2010 8:33 PM | View Comments (1) | Add Comment

"The U.S. Treasury Department has been selling some of its equity stake in Citigroup, and on July 1 said it had reduced that stake to 17.6 percent from about 27 percent."

Posted by J.M. Hamilton Blog at 7/13/2010 8:32 PM | Add Comment

S&L's Almost Gone: Embraced Deregulation and Leverage

Posted by J.M. Hamilton Blog at 7/13/2010 8:31 PM | Add Comment

Benmosche had asked the board for more time to explore options for AIA, besides just an IPO, sources had said earlier.

Posted by J.M. Hamilton Blog at 7/13/2010 8:30 PM | Add Comment

"Jack is the only budget director in history to preside over a budget surplus for three consecutive years," Obama said.

Posted by J.M. Hamilton Blog at 7/13/2010 8:29 PM | Add Comment

"Instead, companies with access to the huge tank facilities at Cushing have reaped big profits by storing crude and committing it for sale later."

Posted by J.M. Hamilton Blog at 7/13/2010 8:27 PM | Add Comment

Retro Blog: Even before the Gulf Disaster...

Posted by J.M. Hamilton Blog at 7/12/2010 7:52 PM | Add Comment

Don't UPSET the Governator!

Posted by J.M. Hamilton Blog at 7/12/2010 7:39 PM | Add Comment

"This situation is our nation's very immediate analog of the public finance pressures being felt in Europe."

Posted by J.M. Hamilton Blog at 7/12/2010 7:26 PM | Add Comment

Goldman Being Sued: Frequently and Often!

Posted by J.M. Hamilton Blog at 7/12/2010 7:17 PM | Add Comment

Despite Chinese Labor Savings, and a 150% Profit Load Over Cost, the IPhone has Software Flaws...

Posted by J.M. Hamilton Blog at 7/12/2010 7:08 PM | Add Comment

OUCH!!!

Posted by J.M. Hamilton Blog at 7/12/2010 7:06 PM | Add Comment

“We have never seen a site where the notion ‘I could die today’ was so real."

Posted by J.M. Hamilton Blog at 7/12/2010 6:55 PM | Add Comment

"The American Petroleum Institute, quickly criticized the new order, saying it would worsen the economic hardship already being felt across the Gulf Coast." Perhaps the Institute should consider the hardship created if there is another spill?

Posted by J.M. Hamilton Blog at 7/12/2010 6:32 PM | Add Comment

Wanted: New Comptroller of the Currency!

Posted by J.M. Hamilton Blog at 7/12/2010 6:18 PM | Add Comment

The Successful Merger of Washington and Wall Street Banks Is Nearly Complete!

Posted by J.M. Hamilton Blog at 7/12/2010 6:05 PM | Add Comment

Too Big to Fail, Alive and Well, as is Moral Hazard. For Europe, Bank Bailout III? “I am confident that national authorities will take the necessary actions so that it isn’t a problem.”

Posted by J.M. Hamilton Blog at 7/11/2010 8:49 PM | Add Comment

On Your Mark... Get Ready.... Get Set....MONETIZE!!!!

Posted by J.M. Hamilton Blog at 7/11/2010 1:26 PM | Add Comment

New York-based Goldman Sachs was the biggest underwriter of CDOs taken over by Maiden Lane III (that is to say, the U.S. TAXPAYER!).

Posted by J.M. Hamilton Blog at 7/11/2010 7:14 AM | Add Comment

With Washington Abdicating Any and All Responsibility to Rein in Wall Street - Through Pending Dodd-Frank Legislation - Wall Street Gets Ready to Play Again....

Posted by J.M. Hamilton Blog at 7/11/2010 7:12 AM | Add Comment

All Politicians Who Voted to Bail Out the Street, with No Strings Attached, and Then Voted Again, to Continue Business as Usual on Wall Street (Under Dodd-Frank): Shoud be Voted Out of Office...

Posted by J.M. Hamilton Blog at 7/11/2010 7:11 AM | Add Comment

“You had an intellectual conviction that you did not need much regulation — that the market could take care of itself,” Volcker says. “I’m happy that illusion has been shattered.”

Posted by J.M. Hamilton Blog at 7/11/2010 7:08 AM | Add Comment

BP was successfully diverting an estimated 25% of the Spill... Now they are diverting None!

Posted by J.M. Hamilton Blog at 7/11/2010 7:07 AM | Add Comment

"By contrast, big worries, about a double-dip, sovereign-debt and looming junk bonds maturing in 2012 and beyond, now hang over the market."

Posted by J.M. Hamilton Blog at 7/11/2010 7:06 AM | Add Comment

"...since stiffing your banker is now 'socially acceptable, deleveraging needn't entail the pesky inconvenience of foregoing consumption,' and she predicts more homeowners will exploit this opportunity 'to accelerate balance-sheet repair.'"

Posted by J.M. Hamilton Blog at 7/10/2010 9:50 AM | Add Comment

SIGTARP???

Posted by J.M. Hamilton Blog at 7/10/2010 7:06 AM | Add Comment

Retro Blog: Prescient Words from Mr. Whalen: "(Government) makes the problem worse," Whalen said. "We should just get on with it, resolve AIG now and get them into a restructuring. If we don't, we will muddle through this crisis for a decade."

Posted by J.M. Hamilton Blog at 7/10/2010 6:55 AM | Add Comment

Goldman and Abacus Revisited...

Posted by J.M. Hamilton Blog at 7/10/2010 6:46 AM | Add Comment

Currency Manipulator? ".... China said it was scrapping a two-year peg to the dollar and allowed a 0.8 percent gain in the last three weeks."

Posted by J.M. Hamilton Blog at 7/10/2010 6:04 AM | Add Comment

“It’s not a matter of panic, it’s not a matter of irrationality. It’s a coldhearted and clearheaded consideration of options.”

Posted by J.M. Hamilton Blog at 7/10/2010 6:03 AM | Add Comment

‘Well, she didn’t mean that,’” he said. “They say there was some confusion. And I’m sure she meant ‘slush fund’ in the nicest possible way.”

Posted by J.M. Hamilton Blog at 7/10/2010 6:02 AM | Add Comment

“The size of the intelligence community hasn’t changed since the cold war ended.”

Posted by J.M. Hamilton Blog at 7/10/2010 6:01 AM | Add Comment

"Google is not the only American giant that has had trouble in China. Yahoo and eBay have failed to gain significant traction here. And Facebook, Twitter and YouTube are blocked by the government."

Posted by J.M. Hamilton Blog at 7/10/2010 5:59 AM | Add Comment

India's Caste System on Full Display with Honor Killings...

Posted by J.M. Hamilton Blog at 7/10/2010 5:58 AM | Add Comment

Europe's Economy

Posted by J.M. Hamilton Blog at 7/9/2010 8:45 PM | Add Comment

The Gipper - a Keynesian? Absolutely!

Posted by J.M. Hamilton Blog at 7/9/2010 8:41 PM | Add Comment

“The rich are different: they are more ruthless,” said Sam Khater, CoreLogic’s senior economist.

Posted by J.M. Hamilton Blog at 7/9/2010 8:40 PM | Add Comment

Is it Circa 1995, and Will Obama Employ Dick Morris or His Strategies, like Clinton?

Posted by J.M. Hamilton Blog at 7/9/2010 8:38 PM | Add Comment

If Jindall is worried about the loss of tourism, fishing fleet, and oil business now, just think what will happen to Louisiana business if another spill occurs?

Posted by J.M. Hamilton Blog at 7/9/2010 8:37 PM | Add Comment

"If confirmed by the Senate as the top officer of the military’s Central Command, General Mattis would be in charge of American military forces in a strategic area from Egypt through Pakistan, and from Central Asia past the Persian Gulf."

Posted by J.M. Hamilton Blog at 7/9/2010 8:36 PM | Add Comment

"The lofty jobless rate, coupled with a large backlog of home foreclosures and high levels of negative home equity, posed risks of a "double dip" in the housing market, it said. But the IMF said it did not think a renewed recession was likely."

Posted by J.M. Hamilton Blog at 7/8/2010 7:53 PM | Add Comment

“Goldman repeatedly put its own interests and profits ahead of the interests of its clients and our communities,” Senator Carl Levin, a Michigan Democrat, said at the hearing.

Posted by J.M. Hamilton Blog at 7/8/2010 7:17 PM | Add Comment

“There is no real question that China’s exchange-rate policy is unfair, contributes to global trade imbalances, and costs the United States jobs and economic growth, particularly in the manufacturing sector.”

Posted by J.M. Hamilton Blog at 7/8/2010 7:15 PM | Add Comment

Judge Martin L. C. Feldman said the Obama administration had failed to justify the need for “a blanket, generic, indeed punitive, moratorium” on deepwater oil and gas drilling.

Posted by J.M. Hamilton Blog at 7/8/2010 7:14 PM | Add Comment

"Trade is a particularly difficult issue for many Democrats, especially in an election year when jobs are already scarce, because of a widespread view that American workers suffer disproportionately when the United States lowers trade barriers."

Posted by J.M. Hamilton Blog at 7/8/2010 7:12 PM | Add Comment

"In Norway, Transocean is the subject of a criminal investigation into possible tax fraud."

Posted by J.M. Hamilton Blog at 7/8/2010 7:11 PM | Add Comment

“We are definitely concerned with the impact our activities have on our Afghan relationships,” Colonel Lawhorn said.

Posted by J.M. Hamilton Blog at 7/8/2010 7:10 PM | Add Comment

Spill Cam!

Posted by J.M. Hamilton Blog at 7/7/2010 8:07 PM | Add Comment

"Dead Parrot"

Posted by J.M. Hamilton Blog at 7/7/2010 7:47 PM | Add Comment

“After that, however, we remain skeptical on the long term prospects for BP."

Posted by J.M. Hamilton Blog at 7/7/2010 7:45 PM | Add Comment

"S&P has issued at least one downgrade to $2.3 trillion of $3.3 trillion of U.S. residential securities created in 2005, 2006 and 2007, and last year it lowered approximately $3.5 trillion of about $10 trillion of securitized debt it rates worldwide."

Posted by J.M. Hamilton Blog at 7/7/2010 7:42 PM | Add Comment

"Citigroup sold the (Private Equity) portfolio at a slight discount to its net asset value."

Posted by J.M. Hamilton Blog at 7/7/2010 7:41 PM | Add Comment

“Glue,” Mr. Issa said, is his secret. “That and a lot of spray.”

Posted by J.M. Hamilton Blog at 7/7/2010 7:38 PM | Add Comment

Wal-Mart V. OSHA!

Posted by J.M. Hamilton Blog at 7/7/2010 7:36 PM | Add Comment

Record Breaking IPO's for China's Banks. China Comes of Age in Playing the Market!

Posted by J.M. Hamilton Blog at 7/7/2010 7:34 PM | Add Comment

With Inflation, quite often, It's about the Expectations: "Higher inflation expectations usually prompt companies to increase prices and consumers to push for higher wages."

Posted by J.M. Hamilton Blog at 7/6/2010 5:42 PM | Add Comment

"Apple can cope better than most companies because it has fat profit margins of as much as 60 percent and pricing power to absorb some of those costs." Apple's Profit load is 150% Mark Up Over Cost!

Posted by J.M. Hamilton Blog at 7/6/2010 5:16 PM | Add Comment

"This is far from a long-term endorsement of the euro as the problems leading to its multi-month decline are not over."

Posted by J.M. Hamilton Blog at 7/6/2010 5:15 PM | Add Comment

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