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Entries Tagged as 'Uncategorized'

New York Times Site Hacked: Implanted 1999 “Article” Predicts Mortgage Crisis and Implicates Democrats

October 23rd, 2008 · 1 Comment · Uncategorized

Very cute. An article just a little too good to be true has appeared on the New York Times site and seems to “predict” the current economic mess, while placing much of the blame on the Clinton administration.
Here are some choice snippets from “Fannie Mae Eases Credit To Aid Mortgage Lending” (emphasis mine:)
The action, […]

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Auction Rate Securities: Nothing on the Wash State Attorney General’s Site?

August 1st, 2008 · No Comments · Uncategorized

8/1/2008: Kristin Alexander at the office of the Attorney General quickly got back to me on this. She says she can’t conform nor deny that there is an investigation going on.
Many states Atty Generals are chasing after the culprits (UBS, Merrill) who pushed toxic Auction Rate Securities on an unsuspecting public. New York and Massachusetts […]

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Warren Buffett Shows How to Make an Easy Million Bucks

June 9th, 2008 · 1 Comment · Investing, Uncategorized

Ingenious.
1)  Find some hedge fund rubes who actually think their stock picking “talent” can more than overcome the massive headwinds imposed by their fees, costs and expenses.
2) Bet them a million bucks that they can’t generate higher net returns for clients than an index that tracks the S&P over the long term.
3) Sit back and […]

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