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business: Mark To Market Eased: Making A Silk Purse From A Sow's Ear? Example Included Below - 04/02/09 08:15 PM
From The Political and Financial Markets Commentator
Taking From Peter To Pay Paul
The FASB (Financial Accounting Standards Board)relaxed the rules that require a bank to mark the value of an asset on its books to a"market" price, <strong>IF</strong> a transaction that takes place is distressed and/or if the market that security trades in is inactive. This would probably describe pretty much every asset that is considered toxic, and that if marked to market would most likely cause a bank to become effectively insolvent.
These are complicated products that even the banks themselves, save for a few of the quants … (0 comments)
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business: The Political and Financial Markets Commentator: Where Have You Been? - 01/08/09 06:57 PM
The Political and Financial Markets Commentator
If you don't get your daily free feed or email delivery of The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com, these are some of the stories that you have already missed in 2009:
Maureen Dowd Likes Caroline Kennedy: Really? Just When You Thought Your Opinion Of Congress Cou... Roland Burris Denied His Rightful Seat In The Sena... I Want To Be A Senator Too! Where Do I Sign? World Crisis Management Once Again Falls To The Un... Israel: In A No Win Situation In The Court Of Publ... A Financial Look Back At The Year … (2 comments)
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business: 10 Outrageous Claims For 2009 - 12/19/08 05:58 AM
From The Political and Financial Markets Commentator. Go to http://politicsandfinance.blogspot.com to sign-up for free email or feed delivery of new blogs
Friday, December 19, 2008
"10 Outrageous Claims For 2009"
Friday SnippetsA New SEC Chief Named- Barack Obama names Mary Schapiro as new SEC head. She has strong experience at a time when the SEC has shown itself to be an ineffectual and anemic institution. Is she a good choice? Change and tough new leadership is what is needed, and maybe someone that has no axe to grind in the bureaucracy is a good choice.Pawn Shop Bernie - Anecdotal … (0 comments)
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business: Crude Prices, House Arrest and SEC Ineptitude - 12/18/08 06:18 AM
Thursday, December 18, 2008
Crude Prices, House Arrest and SEC Ineptitude Quick question: Why is Bernie Madoff, apparently one of the biggest crooks of all time, doing house arrest with an ankle bracelet in his $7 million house when he couldn't make bail?In a related story SEC Chairman Cox had this to say: the agency has found "no evidence of wrongdoing by any SEC personnel" in connection with Madoff's alleged $50 billion Ponzi scheme and that the SEC intends to get to the bottom of where it may have gone wrong. Is this guy kidding me? While he is at it … (2 comments)
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business: Memories of a Day Trader - 12/12/08 05:32 PM
Friday, December 12, 2008
Memories Of A Day Trader As In Life and Trading, Timing Is EverythingBuy the dips, sell the rallys.I became a proprietary equity trader back in 1987. At the time, one of the most volatile stocks on the NYSE was MMM with moves that could be a full point or more. These moves were not that remarkable, given the fact that it also had a price above $100 a share. My first trade in the business was with this stock, and I think I made something like 3/4 on 1000 shares. Funny how you remember things.Trading on the … (0 comments)
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business: The Political and Financial Markets Commentator - 12/04/08 02:28 PM
If you haen't been getting your feed or email updates of the stories that have been written the last week, here are some of the titles:
Torture: What Is The Correct Definition? The Big Three: This Time They Drove The Selling Of America: The List Goes On And On The War On Terror: Still In The First Round Black Friday: How High A Price Is Acceptable? Commodity Deflation: Why Is My Bagel Still So Damn... Bizzaro World: Obama Speaks and Markets Rally Visit today at http://politicsandfinance.blogspot.com to subscribe (free of course) and read some of these stories.
In addition, click on … (0 comments)
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business: Neel Kashkari Hammered On The Hill - 11/17/08 05:56 AM
Neel Kashkari Hammered On The Hill
Neel Kashkari, www.unhostels.orgOriginally uploaded by neelkashkari Neel Kashkari Pays Paulson's Price
Serving as a proxy for Henry Paulson, Treasury Secretary, Neel Kashkari, whose title is interim assistant secretary of Treasury for financial stability faced the House Oversight and Government Reform Committee's domestic policy subcommittee on Friday.
He was there to explain the shift in policy away from purchasing toxic assets from financial institutions, to actually injecting money into those institutions while the assets remain. Further, there is some vague talk from Paulson about direct help to consumers, aka the people on Main Street.
Many … (0 comments)
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business: This Is What You Missed This Week - 11/15/08 06:14 AM
The Political and Financial Markets Commentator
If you don't get it delivered to your inbox or feed, these are the stories you missed this week:
Is Your Stock Analyst Smarter Than A Fifth Grader?
Change Will Make Them Women And Men
Would You Buy A Used Car From This Man
Is A GM Bankruptcy Good For Anyone?
AIG Needs Just A Little Bit More
Bias Confirmation From An Unlikely Source
Visit and sign-up so you don't miss next weeks stories. Click on the link above, or go to http://politicsandfinance.blogspot.com.
Mike Haltman
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business: I want a bailout too - 11/07/08 05:39 PM
Please visit The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com.
Friday, November 7, 2008
I Want A Bailout Too
Where Do I Get My Bailout? Slowing sales Cash burn Growing liabilities Difficulty getting customers financing Negative impact on business from declining consumer confidence Growing inventory due to slowing sales Negative impact on employees and suppliers if business continues to deteriorate Poor business decisions, failure to recognize and adapt to changing markets, bloated infrastructure, high level of employee entitlements, etc. Liquidity issues
Other than #8, is this a description of my business, your business, the business next door? I think at … (2 comments)
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business: What Is Bridge Or Hard Money Lending - 11/07/08 07:40 AM
If you ever wanted to know what this type of lending is all about, whether as a borrower or as an investor, I wrote a short article on the topic at http://ezinearticles.com/?id=1652456 .
Check it out, and if you have any thoughts, comments or questions please let me know. Particularly in this banking environment, where even the most pristine borrowers can have real problems getting financing, bridge lending offers a real alternative.
If you are an investor interested in new ways to deploy your money, bridge lending, or lending secured by real property, can be a great alternative.
Mike Haltman
… (0 comments)
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business: Name Your Favorite Wall Street Cliche - 11/03/08 06:08 AM
At The Political and Financial Market Commentator, http://politicsandfinance.blogspot.com Name Your Favorite Wall Street Cliche What Is Your Favorite Cliche (even a broken clock is right twice a day)?Even a stopped clock gives the right time twice a dayOriginally uploaded by crouchingbadger
As a constant listener to business radio and watcher of business TV, I am consistently being given advice by so-called experts that is usually something that could be generated by my 12 year old.
Stock Market SayingsWhen we are in the deepest throes of a downside crisis, and the markets are in maximum turmoil, I hear very few if any … (0 comments)
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business: Some Quick Economic Statistics To Use At Cocktail Parties - 10/31/08 06:04 AM
From The Political and Financial Markets Commentary at http://politicsandfinance.blogspot.com Some Quick Economic Statistics To Use At Cocktail Parties Just Days Before The Election, What's Going On?In about 5 days we are going to know who our new president is, and have a better idea of the direction that our fiscal policy is going to head in. Higher taxes, lower taxes, higher taxes for the rich (if earning above $250 K is considered rich), more drilling, less drilling, more green, less green, more government, less government, etc.How the markets will react to the eventual winner will start to be apparent on Wednesday … (0 comments)
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business: Headline: Federal Reserve Cuts Rates 50 basis points and more - 10/30/08 05:42 AM
Read the entire story at The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Thursday, October 30, 2008
Headline: Federal Reserve Cuts Rates 50 basis points and more
The Two Day Fed Meeting Ends With A Cut Of 50bp.The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is rumored to be lowering its' key rate to .25%.This move is somewhat symbolic in nature since actual … (0 comments)
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business: It's Beginning To Look A Lot Like Christman? - 10/29/08 08:43 AM
Reprinted from The Political and Financial Markets Commentator at http://politicsandfinance.blogspot.com
Are You Confident?When I first started writing the Politics and Finance blog at the beginning of the summer, in my wildest imagination I would not have expected that my daily rant would be so consistently negative. The goal, which has morphed slightly since the inception was to provide commentary on the ever changing political and financial landscapes that affect us all. The goal has not yet been attained, because the landscape has not been ever changing, but going in one direction.While I have been accused in the past of having … (0 comments)
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business: If You Don't Subscribe, This Is What You Missed This Week! - 10/25/08 08:18 AM
What You Missed This Week
If you don't subscribe to The Political and Financial Markets Commentator blog by either feed or by email, these are the stories that you missed this week.
The Commentator is written by me for the purpose of addressing key topics in the financial markets, mortgage and housing markets and in the political arena that affect or potentially affect us all.
There is no cost, and if I must say so myself it is concise and to the point. Check it out, and if you like what you see sign-up. The address is http://politicsandfinance.blogspot.com.
Mortgage Modifications: What … (2 comments)
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business: Get My Blog Delivered To Your In-Box - 10/22/08 07:32 AM
Blog Feeds On Active Rain
I received an ActiveRain email that included a post by Jason Crouch, Broker - Austin Texas Real Estate, that took me to the instructions on adding an email subscribe box to my outside blog within my ActiveRain blog. Thanks Jason.
I would like to take this opportunity to invite anyone that reads my outside blog on ActiveRain, or who maybe has not to take a look, and if you like what you read to use the box on the right side of the page to sign-up for emails of my blog sent right to you.
I have … (2 comments)
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Michael Haltman
Jericho,
NY
More about me…
Hallmark Abstract Service LLC
Address: 131 Jericho Turnpike, Suite 205, Jericho, NY, 11753
Office Phone: (516) 741-4723
Email Me
The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets.
Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.
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