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Posted by ab in "Taxpayers Will Pay Price For The Bear Stearns Bailout " Monday, July 7, 2008 9:39 AM

*Something* tells you? Do you mean because that's the way asset-backed loans work?

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Posted by ab in "Fannie and Fannie Plunge, Sparking Rescue Rumors" Monday, July 7, 2008 3:59 PM

@3:28

WTF are you talking about?

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Posted by ab in "Bernanke: Fed Emergency Facility May Remain Open" Tuesday, July 8, 2008 11:55 AM

I realized what he's trying to do, but what's the point of a temporary facility if everyone assumes it will be reopened whenever it's needed? Not to beat the dead horse of moral hazard, but shouldn't they either keep it open forever or just close it down?

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Posted by ab in "Bunning To Bernanke: You Are A Systemic Risk" Tuesday, July 15, 2008 1:24 PM

rookie ERA of over 6? what a joke. he's got no business talking baseball or economics.

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Posted by ab in "Opening Bell: 7.16.08" Wednesday, July 16, 2008 8:57 AM

I don't understand why everybody wants to buy AOL - who uses AOL anymore? Pretty sure I stopped getting those free CDs in the mail 10 years ago.

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Posted by ab in "Why Lehman Can't Go Private" Wednesday, July 16, 2008 9:16 AM

I think going private would be more of a signal of problems for counter-parties than a problem in itself. Counter-parties will question the motives and take that information as a sign that Lehman has things it hopes to hide. I think Carney's onto something - they could go private in a good market, no questions asked, but doing it now is a no-go.

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Posted by ab in "Steve Jobs Health Worries As Apple Prepares To Announce Earnings" Monday, July 21, 2008 10:44 AM

Clearly this is just the slimming effects of his all-black turtlenecks.

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Posted by ab in "BankAtlantic Sues Bove" Monday, July 21, 2008 3:24 PM

Once BBX wins this lawsuit, maybe they'll be solvent?

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Posted by ab in "Opening Bell: 7.22.08" Tuesday, July 22, 2008 8:41 AM

Gotta love the corporate history at Purple. First it's an event planner, then an clothing designer, then a "low budget film" producer, now it's making pomegranate juice. Definitely a can't miss company.

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Posted by ab in "Opening Bell: 7.24.08" Thursday, July 24, 2008 9:21 AM

Jesus, stop whining idiots. I'll clue you in - there are typos on this post EVERY day. Deal with it. But just for today:

@7:57 - he meant "Some think"
@9:16 - he meant "good"

I'm sure that makes your day much, much easier now that you can comprehend this confusing post.

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Posted by ab in "Opening Bell: 8.5.08" Tuesday, August 5, 2008 8:28 AM

Pretty soon it's all gonna be a la carte:

http://www.nytimes.com/2008/08/01/business/01coffee.html

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Posted by ab in "Opening Bell: 8.14.08" Thursday, August 14, 2008 8:37 AM

Please explain this new counting system used by the more enlightened nations.

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Posted by ab in "Bill Gross: "Bail Out Housing Now!"" Thursday, September 4, 2008 12:13 PM

gross and his big head need to STFU.

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Posted by ab in ""Nationalized."" Thursday, September 18, 2008 9:47 AM

Gotta love Jim Bunning. Full of sharp insights.

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Posted by ab in "What Goes Up, Must Not Come Down: Short Sale Rule Discussion" Friday, September 19, 2008 1:31 PM

@57 - Amen.

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Posted by ab in "Perverse Incentives" Thursday, September 25, 2008 12:13 PM

You're generally right, but why do this bailout through the roundabout way of buying crap assets above their market prices?

Mark 'em at the real price, let the banks fail, then come in to recapitalize. Wipe out the equity, convert the debt and the govt can take a senior piece and guarantee the counterparty risk. I agree that the gov't needs to come in w/ a bailout, but why not do it directly?

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Posted by ab in "Opening Bell: 10.3.08" Friday, October 3, 2008 8:48 AM

Will definitely miss you Joe...this was the best part of DB.

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Posted by ab in "Opening Bell: 10.06.08" Monday, October 6, 2008 8:51 AM

We reach a bottom once Cramer goes off the air?

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Posted by ab in "Opening Bell: 11.10.08" Monday, November 10, 2008 8:46 AM

"[T]hough unfortunately it may end up costing AIG its soul."

Why would you care about AIG's soul? The one getting extorted here is the taxpayer, who's on the hook for the $150b. Absolutely no benefit to easing the terms of the loan, except possibly for Hank Greenberg and his fellow whiners.

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Posted by ab in "Opening Bell: 11.17.08" Monday, November 17, 2008 8:35 AM

"If we no longer do that, we're at the will of foreign importers in whole, who can set their price points without regard (well, kind of)."

Right. Just like toys and clothes, where those damn Chinese and Vietnamese have us at their mercy. Its tough to find a cheap pair of socks these days.