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Thread: OBGibby's Account Talk

  1. #121
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    Default Re: OBGibby's Account Talk

    November 11, 2009

    2 Bear Stearns Fund Leaders Are Acquitted

    By ZACHERY KOUWE and DAN SLATER (The New York Times)

    It was, prosecutors claimed, a clear case of Wall Street crime — and a chance to bring to account two culprits of the subprime age.
    But jurors disagreed, and on Tuesday, two former Bear Stearns hedge fund managers were found not guilty of securities fraud in federal court in Brooklyn, in what legal experts called a setback for prosecutors hoping for easy victories in this era of bailouts and foreclosures.

    The verdict, the first in a major criminal case stemming from the current financial crisis, brought to an end a two-year ordeal for the managers, Ralph R. Cioffi and Matthew M. Tannin. They had been led away in handcuffs in June 2008 and accused of lying to their investors about the precarious state of the funds they oversaw.

    Investors lost $1.6 billion when the funds, heavily invested in mortgage securities, collapsed in the summer of 2007. The fiasco presaged the financial turmoil that would later upend Wall Street and the broader economy.

    More at http://www.nytimes.com/2009/11/11/business/11bear.html?_r=1&hpw

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  3. #122
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    Chairman Says G.M. Can Repay Taxpayers

    By NICK BUNKLEY

    The chairman of General Motors, Edward E. Whitacre Jr., said Tuesday that the automaker would be able to repay all of its government loans and would begin doing so soon. (The New York Times)

    More at http://www.nytimes.com/2009/11/11/business/11gm.html?ref=business

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  5. #123
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    Default Re: OBGibby's Account Talk

    For all the union lovers -



    Survey Finds Deep Shift in the Makeup of Unions

    By STEVEN GREENHOUSE

    About 48.9 percent of union members are now in the public sector, up from 34 percent in 1983. (The New York Times)

    More at http://www.nytimes.com/2009/11/11/business/11membership.html?ref=business

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  7. #124
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    Default Re: OBGibby's Account Talk

    Sometimes, an Extremist Really is an Extremist - Jonah Goldberg, LAT

    The Shrink and the Terrorist - Debra Saunders, San Francisco Chronicle

    A Case of Deadly Denial - Ralph Peters, New York Post

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  9. #125
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    Default Re: OBGibby's Account Talk

    Quote Originally Posted by OBGibby View Post
    This 2010 Buick Lacrosse looks like a great car. I don't anticiapte being in the market for a new car for another 18-24 months, but this one is already near the top of my wish list. Good job, GM. It looks like a winner to me. Great looking car.

    http://www.buick.com/lacrosse/2010/
    A lady I work with..just bought one..I must say it has the fit, finish and feel of a Mercedes..a Very nice looking car....
    (I had a Benz from new for 12 years, so I can rightfully compare)

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  11. #126
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    Quote Originally Posted by Buster View Post
    A lady I work with..just bought one..I must say it has the fit, finish and feel of a Mercedes..a Very nice looking car....
    (I had a Benz from new for 12 years, so I can rightfully compare)
    I've owned Chevrolets (new and slightly used), Fords (slightly used), Volvos (new), Infinitis (new), and Hondas (new). Never had any problems with the American brands - just can't stand losing so much on depreciation (tend not to keep cars past three or four years). This Buick has really caught my eye. Please let me know if your colleague has any problems with it. This one is on my wish list for sure.


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  13. #127
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    Default Re: OBGibby's Account Talk

    Quote Originally Posted by OBGibby View Post
    . Please let me know if your colleague has any problems with it. .
    Will Do..

    Almost all the the reviews I've read are positive..

    • The 2010 Buick LaCrosse is the best car no one will buy. It's a shame really...People should line up at Buick dealerships in droves to order the new LaCrosse, which arrives this month. It's well-priced, sharp-looking and comes with a stellar interior, perhaps the best inside makeover General Motors Co. has ever completed." -- Detroit News
    • "No fair appraisal of this car can conclude anything but that the Buick is as good as or better than the Lexus [ES 350] in every way." -- Los Angeles Times
    • "It generally seems like more than it is. More space, better gear, fewer annoyances, more quiet, less total road isolation-and more value. All this Lexus-contending fabulosity starts at $27,835 for the CX, rising to $30,395 for the CXL, and $33,765 for the CXS (similarly equipped, the savings is about $2500 relative to an ES 350)." -- Motor Trend
    • "The new LaCrosse is a dramatic departure in both style and technology. It may not be a sports sedan, but it's a very competent sedan that's out to change our perception of Buick from something dad owned, to something you might want to own." -- Road and Track
    • "I'm in my 20s, and I want one." -- Cars.com
    • "There is a lot that is right with the 2010 LaCrosse, and it's a testament to what kind of car GM can build when it puts its collective worldwide resources into building it." -- AutoWeek
    http://usnews.rankingsandreviews.com...uick_LaCrosse/

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  15. #128
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    Default Re: OBGibby's Account Talk

    Have You Learned Your Lessons?

    The financial crisis supposedly has been a painful, but valuable, education about finances in later life. Let's see how much you've really taken away from the past year. (Wall Street Journal)

    More at http://online.wsj.com/article/SB1000...hatsNewsSecond

    Take the quiz at http://online.wsj.com/article/SB1000...%3Dinteractive

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  17. #129
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    How to Ignore the Yes-Man in Your Head

    Professional investors who so often ignore warning signs that they are on the wrong track are victims of confirmation bias. Tips on how to avoid this gremlin of your own mind. (Wall Street Journal)

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  19. #130
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    Default Re: OBGibby's Account Talk

    KSM Hits Manhattan—Again

    Eric Holder's decision to move a trial on war crimes to American soil is morally confused, dangerous and political to a fault. (Wall Street Journal)


    "...Attorney General Eric Holder...called his decision to move their trial...to American soil "the toughest" he has had to make. Other words come to mind. For starters, intellectually and morally confused, dangerous and political to a fault...

    ...Please spare us talk of the "rule of law." If that was the primary consideration, the U.S. already has a judicial process in place. The current special military tribunals were created by the 2006 Military Commissions Act, which was adopted with bipartisan Congressional support after the Supreme Court's Hamdan decision obliged the executive and legislative branches to approve a detailed plan to prosecute the illegal "enemy combatants" captured since 9/11...

    ...Contrary to liberal myth, military tribunals aren't a break with 200-plus years of American jurisprudence. Eight Nazis who snuck into the U.S. in June 1942 were tried by a similar court and most were hanged within two months. Before the Obama Administration stopped all proceedings earlier this year pending yesterday's decision, the tribunals at Gitmo had earned a reputation for fairness and independence...

    ...As it happens, Mr. Holder acknowledged their worth himself by announcing that the Guantanamo detainee who allegedly planned the 2000 bombing of the U.S.S. Cole off Yemen and four others would face military commission trials..."

    More at http://online.wsj.com/article/SB10001424052748703683804574533622533459520.html

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  21. #131
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  23. #132
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    ACORN and the Housing Spike - Edward Pinto, Wall Street Journal

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