Comments on: Afternoon Reading http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 18:29:42 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: bitjockey http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-191016 bitjockey Wed, 08 Jul 2009 14:27:38 +0000 http://www.ritholtz.com/blog/?p=31412#comment-191016 US rental market close to all time low as young adults hit hardest; largest group in commercial real estate defaults http://www.reuters.com/article/topNews/idUSTRE5670KD20090708?feedType=RSS&feedName=topNews US mtg fraud up 36%.. http://www.reuters.com/article/topNews/idUSTRE5667LD20090708?feedType=RSS&feedName=topNews US rental market close to all time low as young adults hit hardest; largest group in commercial real estate defaults

http://www.reuters.com/article/topNews/idUSTRE5670KD20090708?feedType=RSS&feedName=topNews

US mtg fraud up 36%..
http://www.reuters.com/article/topNews/idUSTRE5667LD20090708?feedType=RSS&feedName=topNews

]]> By: farmera1 http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190913 farmera1 Wed, 08 Jul 2009 02:52:48 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190913 Goldman May Lose Millions.... http://www.bloomberg.com/apps/news?pid=20601087&sid=axYw_ykTBokE I must be through the looking glass. This quote struck me as funny coming from Goldman, following Kramer's comments on how he used to artificially pump up (aka manipulate) stocks when he worked for Goldman. “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public yesterday. “The copy in Germany is still out there, and we at this time do not know who else has access to it.” On the other hand I'm reasonably sure Goldman would never manipulate things so they would have an unfair advantage. Goldman May Lose Millions….

http://www.bloomberg.com/apps/news?pid=20601087&sid=axYw_ykTBokE

I must be through the looking glass. This quote struck me as funny coming from Goldman, following Kramer’s comments on how he used to artificially pump up (aka manipulate) stocks when he worked for Goldman.

“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public yesterday. “The copy in Germany is still out there, and we at this time do not know who else has access to it.”

On the other hand I’m reasonably sure Goldman would never manipulate things so they would have an unfair advantage.

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190902 Mike in Nola Wed, 08 Jul 2009 02:31:19 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190902 Bruce: Pretty crude. Will have to pass it on. Bruce: Pretty crude. Will have to pass it on.

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190872 Bruce in Tn Wed, 08 Jul 2009 00:22:16 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190872 I did see where they determined Michael Jackson died from eating rancid food... Apparently ate a 7 year old weiner... I did see where they determined Michael Jackson died from eating rancid food…

Apparently ate a 7 year old weiner…

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190871 Mike in Nola Wed, 08 Jul 2009 00:22:14 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190871 Funny. http://zerohedge.blogspot.com/2009/07/gold-anti-trust-action-committee-urges.html Of course, nothing will happen given the current state of affairs. Strange that you have to hope for armageddon to get any real reform. Funny.

http://zerohedge.blogspot.com/2009/07/gold-anti-trust-action-committee-urges.html

Of course, nothing will happen given the current state of affairs. Strange that you have to hope for armageddon to get any real reform.

]]> By: alfred e http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190868 alfred e Tue, 07 Jul 2009 23:45:59 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190868 re: GS software theft. How exactly did they determine the software was uploaded to Germany? Oh, Big Brother. Never mind. re: GS software theft. How exactly did they determine the software was uploaded to Germany?

Oh, Big Brother. Never mind.

]]> By: alfred e http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190864 alfred e Tue, 07 Jul 2009 23:39:16 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190864 @BinTn: Perhaps the notion that the big four are struggling to stay liquid is a good one. Otherwise I'm with everyone else. F'em. This is still yet to play out as you well know, not just in CA. The stimulus is starting to look pretty puny and ineffective. Stay tuned. @BinTn: Perhaps the notion that the big four are struggling to stay liquid is a good one.

Otherwise I’m with everyone else. F’em.

This is still yet to play out as you well know, not just in CA. The stimulus is starting to look pretty puny and ineffective.

Stay tuned.

]]> By: willid3 http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190853 willid3 Tue, 07 Jul 2009 23:06:04 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190853 and then there is this on AIG and the whose got the numbers http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707 and then there is this on AIG and the whose got the numbers

http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190845 Mike in Nola Tue, 07 Jul 2009 22:55:36 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190845 willid3; Thanks for the link. The written quote was good. Couldn't find it in the video, but he accurately describes Geithner's plan just drag things out by various means and hope the banks heal themselves. Of course, we all know that won't work. Bruce: Actually, I read it this morning, but the signifcance didn't really strike me. I thought that maybe those IOU's would be able to be counted as assets in computing their capital ratios because of CA's lowered rating. But, the other interpretation could be correct. willid3; Thanks for the link. The written quote was good. Couldn’t find it in the video, but he accurately describes Geithner’s plan just drag things out by various means and hope the banks heal themselves. Of course, we all know that won’t work.

Bruce: Actually, I read it this morning, but the signifcance didn’t really strike me. I thought that maybe those IOU’s would be able to be counted as assets in computing their capital ratios because of CA’s lowered rating. But, the other interpretation could be correct.

]]> By: Thor http://www.ritholtz.com/blog/2009/07/afternoon-reading-5/comment-page-1/#comment-190844 Thor Tue, 07 Jul 2009 22:52:50 +0000 http://www.ritholtz.com/blog/?p=31412#comment-190844 Bruce - thanks for that link. I must say, you keep more up to date on what's going on in the state that I live in than I do. ;-) Outrageous though isn't it? On the one hand, i can see where they banks wouldn't want to encourage the state government to take it's time on fixing the budget. On the other hand, my tax dollars went directly to some of these very banks, not they don't want to return the favor by helping out the people who are going to be issued IOU's. Bruce – thanks for that link. I must say, you keep more up to date on what’s going on in the state that I live in than I do. ;-)

Outrageous though isn’t it? On the one hand, i can see where they banks wouldn’t want to encourage the state government to take it’s time on fixing the budget. On the other hand, my tax dollars went directly to some of these very banks, not they don’t want to return the favor by helping out the people who are going to be issued IOU’s.

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