Bernanke gave a speech about the rosey prospects of domestic banks and the verbatim phrase was “significant franchise value.” Here is a look at what he was referring to along with its proper translation:
JUSTIN
…and the fact the the new administration seems hell bent on putting an artificial floor on housing prices and lowering mortgage/interest payments even more does not give me much hope that they’re diagnosing the problems correctly. As Rick Santelli recently said, “I know Mr. Summers is a great economist, but boy, I’d love the [...]
Backdrop: Oct. 15, 2008
Warren Buffet: “If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.”
Tick Talk: 5 Reasons to Ignore Warren Buffet (old fart is doing that ”verbal intervention trick” hoping more buyers will hop in and he/brk.a/brk.b can cash out).
SeekingAlpha readers:
Agreed: 5
Disagreed: 23 …and I quote: ”Who the hell are you?” “You’re a nobody.” “Any [...]
The constitution is hanging by a thread. There. I said it. And perfectly sincerely too. Congress has finally and formally approved funding for the solution of all solutions, the TSE (tax-payer sponsored entities). It looks like this: IF you have a job, be grateful. All of your earnings will pay for your taxes and your company’s taxes; and the [...]
$DJX $DIA - Do you hear that? NO? Well, surely you can SEE it, right? Bearish engulfing candle body nosing over the edge of a 2000 pt. descending triangle. One word: ominous.
Still don’t get it? Try this:
