We're going to be left with one "supermarket" bank....
Again, just nationalize the system... we're already there - we're just playing a charade of "free markets" right now. Thank you Phil Gramm.- A person with knowledge of the discussions said Thursday the new aid package (for BAC) could be modeled along the lines of the financial lifeline that was thrown to Citigroup Inc. in November. (well that worked out well for Citigroup, so why not?)
2008 was the year of "Sunday night" nationalizing (waiting to see what steps government did to save the system on a Sunday night before Asian markets opened). Of course the pundits said, once we turned the calender, it's a whole new ballgame!
Not so much. See you Sunday night.
p.s. I'm dumping about half of short exposure here into S&P 820... if we fall through the ice, I'll get it back. I'd assume bulls make at least some defense here. If they cannot - then one can get short exposure back and S&P 820 is the new ceiling (down from S&P 850).
No positions
3 comments:
TM.. This is off topic... But I couldn't locate your original reference to GGP.... Anyway.. You're **famous** and apparently now a certified **talking head**... You've been quoted by Judy Weilin her article:
Conference Call Highlights: Update on Retail and Mall REITs
by: SA Editor Judy Weil January 15, 2009
"However, Ackman actually may not be interested in the rise or fall of his GGP shares. Seeking Alpha's **Trader Mark** says the money manager wants bankruptcy."
The link:
http://seekingalpha.com/article/114912-conference-call-highlights-update-on-retail-and-mall-reits?source=email
Congrats! jegan ;-)
What I found interesting is the "ownership" implied by SA.
Seeking Alpha's TraderMark?
Yo, I'm an independent entity. lol.
When I'm talking down Kudlow @ 7 PM weekday nights, then I've made it. Until then, nope.
Actually.. I just read your article on my SeekingAlpha feed... Would have posted my comment there if I had come across it first.
I don't know about that Judy Weil. Her titles often contradict the substance of her articles and the referenced article noted several REITs which were not mall REITs at all.... Such as Vornado, which is an office REIT... Hmm..
Anyway.. I don;t think anyone can talk over Kudlow.. I doubt that Chris Matthews could and he's pretty voluble.
Finally.... Take your Kudos when you can.. They're in short supply this year.... Budget cuts you know...
jegan
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