Team Hedge Fund

Archive for January, 2010

” For more than a year, the government pulled out all the stops to revive homebuying by driving down mortgage rates. Now, whether the housing market is ready or not, the government will be pulling out over the next two months.”
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” “I’m all for a society where people must take personal responsibility, but that should also apply to the banks and financial institutions,” ”
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“Barney Frank has been one of the staunchest defenders of Fannie Mae and Freddie Mac and their mission to increase access to affordable housing. Now he’s helping to lead the charge to dismantle the troubled mortgage giants.”
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“The head of the International Monetary Fund warned the U.S. and European countries against launching separate initiatives to beef up the regulation of banks, urging governments to pursue multilateral agreements instead.”
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“We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Rubin/Geithner). The bodies left strewn on the battleground could include your pension fund and 401K.”
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” No matter how you feel about Goldman Sachs (NYSE: GS), you must admit that they are innovative, if nothing else. While Main Street calls for the blood of bankers, Goldman is in a difficult position to show some contrite behavior, yet also strive to retain employees and prevent them from leaving for other opportunities.”
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“Throughout the financial crisis, JP Morgan (NYSE: JPM) has been heralded as the beacon of light on Wall Street, managing to insulate itself from the subprime mess that rocked Citigroup (NYSE: C) and others along the way. Through that tumultuous time, the house that Dimon built managed to make key acquisitions (particularly the former Bear Stearns) with an eye on changing the model of the firm.”
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“The already strained relationship between US and China is took a turn for the worse when US announced $6.4 billion in arms sales to Taiwan.”
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” Speaking as someone with more than a passing interest in the fate of precious metals – which is to say, a person who has bet on a continuation of the politically reflexive abuse of the U.S. dollar – I come back again to a question I have periodically asked, “Is there a political limit to the ability of the government to engage in deficit spending?” ”
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“San Diego’s NBC affiliate KNSD-TV (Channels 7/39) produces a regular feature called “San Diego Explained.” This segment does a good job of explaining the difference between the guaranteed defined-benefit pension plans enjoyed by public employees and the 401(k) plans that most taxpayers are familiar with. Watch for an especially on-target comment by city council member Carl DeMaio.”
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