Posts filed under “Video”

Economic Witch Hunt

Interesting discussion:


"The political establishment is embracing a time-honored response to the nation’s economic turmoil. It’s going on a witch hunt.Politicians of all stripes worry that improper trading by short sellers has contributed to turmoil in the stock markets. And "excessive" oil traders have replaced oil-company executives — themselves twice keelhauled by congressional committees this year — as the bogeymen behind the run-up in gas prices.  For Washington veterans, the sharpened attacks are the incarnation of a standard political trope, one found especially in election years"



Source:
Economic Woes Get a Fix: Witch Hunt
GREG HITT
WSJ, July 19, 2008; Page A3
http://online.wsj.com/article/SB121642556479566791.html

Category: Markets, Taxes and Policy, Video

Moral Hazard & Risky Precedents

Excellent discussion from PBS News Hour, on Moral Hazard:
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Pbs_moral_hazard

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Sources:
Bailout of Mortgage Firms Could Set Risky Precedent  (Transcript)
July 18, 2008   
http://www.pbs.org/newshour/bb/business/july-dec08/bailouthazard_07-18.html

Audio Recording
http://www-tc.pbs.org/newshour/rss/media/2008/07/18/20080718_risky28.mp3

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Category: Bailouts, Credit, Video

Bailout Nation: Treasury, SEC on Bailouts

I did three segments Tuesday on Yahoo Tech Ticker at the Nasdaq: 

Here is the last, on Bailouts, Fannie & Freddie:

Click for video



Source:
Bailout Nation: Paulson, Cox, Shorts Weigh in On Fannie, Freddie
Aaron Task
Yahoo Tech Ticker, Jul 15, 2008 07:00am EDT
http://finance.yahoo.com/tech-ticker/article/39342/Bailout-Nation-Paulson-Cox-Shorts-Weigh-in-On-Fannie-Freddie?tickers=FNM,FRE,GM,TM,%5EDJI,%5ESPX,XLF

Category: Bailout Nation, Books, Credit, Federal Reserve, Taxes and Policy, Video

Joe Nocera: The Shorts Ate My Company

I’ve been meaning to mention this — and Paul reminded me this morn — but NYT columnist Joe Nocera is now blogging.

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Joe_nocera

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Source:
Joe Nocera Blog
http://executivesuite.blogs.nytimes.com/

Category: Corporate Management, Video

The Three-Headed Monster

I did three segments Tuesday on Yahoo Tech Ticker at the Nasdaq: 

Here is the second piece, on Inflation, the weak economy and the Credit Crisis:

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Source:
Ben Bernanke vs. the Three-Headed Monster   
Aaron Task
Yahoo Tech Ticker, Jul 15, 2008 07:00am EDT
http://finance.yahoo.com/tech-ticker/article/39310/Ben-Bernanke-vs.-the-Three-Headed-Monster;_ylt=Agy5nIydkMETYzvP1Evig4lk7ot4?tickers=%5EDJI,%5EGSPC,%5EIXIC,SPY,DIA

Category: Credit, Economy, Federal Reserve, Inflation, Video

William Ackman on Fannie & Freddie

Unveiling his plans to save the lenders, with William Ackman, Pershing Square Capital Management managing partner

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Ackman_on_fannie

"This is a conservatorship, which is a good thing, because you can accomplish it more efficiently," Ackman said.

Part II
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Ackman_ii

Sources:
Ackman: A Plan to Save Fannie & Freddie
CNBC.com | 15 Jul 2008 | 10:30 AM
http://www.cnbc.com//id/25685589

Slideshow
http://www.cnbc.com/id/25688918/site/14081545/

Category: Credit, Video

Wild Times on Wall Street

I did three segments Tuesday on Yahoo Tech Ticker at the Nasdaq: 

Here is the first, on closing shorts and getting a bounce:

Click for video

We ran out of time, but I was going to discuss the infrastructure plays also . . .

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Source:
Wild Times on Wall Street: What Now for Investors?   
Aaron Task
Yahoo Tech Ticker, Jul 15, 2008 07:00am EDT
http://finance.yahoo.com/tech-ticker/article/39407/Wild-Times-on-Wall-Street-What-Now-for-Investors

Category: Contrary Indicators, Markets, Trading, Video

Jim Rogers: Fannie Plan a ‘Disaster’

"I don’t know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae,” Rogers, 65, said in an interview from Singapore. “So we’re going to bail out everybody else in the world. And it ruins the Federal Reserve’s balance sheet and it makes the dollar more vulnerable and it increases inflation.”

The chairman of Rogers Holdings, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, also said the commodities bull market has a "long way to go” and advised buying agricultural commodities.

 

wow!

click for video

Jim_rogers

The U.S. Treasury Department’s plan to shore up Fannie Mae and Freddie Mac is an "unmitigated disaster” and the largest U.S. mortgage lenders are "basically insolvent,” according to investor Jim Rogers.

Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson’s request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling…

"These companies were going to go bankrupt if they hadn’t stepped in to do something, and they should’ve gone bankrupt with all of the mistakes they’ve made,” Rogers said. “What’s going to happen when you Band-Aid and put some Band-Aids on it for another year or two or three? What’s going to happen three years from now when the situation’s much, much, much worse?” . . .

The U.S. economy is in a recession, possibly the worst since World War II, Rogers said.

"They’re ruining what has been one of the greatest economies in the world,” Rogers said. Bernanke and Paulson "are bailing out their friends on Wall Street but there are 300 million Americans that are going to have to pay for this.”

Source:
Fannie Plan a `Disaster’ to Rogers; Goldman Says Sell
Carol Massar and Eric Martin
Bloomberg, July 14 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7hS5BuYqeR8&

Don’t Bail Out Fannie, Freddie: Jim Rogers   
CNBC.com | 15 Jul 2008 | 05:02 AM ET
http://www.cnbc.com//id/25684069

Category: Credit, Economy, Video

CEO Sees Dismal Economy (Bunch of Whiners!)

CEOs portray a gloomy forecast for the US Economy, according to a new survey by Chief Executive Magazine:

Category: Credit, Economy, Taxes and Policy, Video

Breaking News: Herb Greenberg Resigns CNBC

Here’s some sad news that has yet to hit the wires: Herb Greenberg has resigned as a full-time contributor to CNBC. (No, he’s not going to Fox Business).

Here’s what Herb wrote to CNBC:

Just an FYI: I’ve pulled myself out of the contributor
rotation to focus exclusively on my business, which has become
more-than-a-fulltime job. It wasn’t an easy decision to walk away. I’ll still be
available from time to time as a non-contributor guest, as time permits, and I
remain committed to CNBC.
 

Herb will be missed on CNBC — he is a skeptical voice of reason who oftentimes doubts the nonsense spin we hear all too frequently from corporate executives. And, he’s been proven right far too many times to ignore. He will be missed.

Herb’s new firm is called Greenberg Meritz, and the focus will be "Bridging Financial Journalism and Forensic Analysis."

We wish him luck at his new venture, and if he ever wants to get some info out to a wider distribution, our doors are always open . . .

Click for video
Herb_fairgrounds

Category: Financial Press, Video