GatewayRedbirds.com

Leroy wrote:I can't recall any post in which I said continuing to pay for the wars was a good thing.

And I wasn't accusing you of such. I just find typically the argument goes:
I don't like how the government spends money. So I'm mad that they want me to pay more money. I'm going to vote the Republican guy because he doesn't want to raise my taxes. Now, give me my prescriptions and unemployment check.

Just because the spending is broken doesn't mean that the rich are paying their fair share.

Leroy wrote:but that isn't where the money goes.

Where does he think it is going?

Leroy wrote:
And don't even get me started about what he says about Wall Street people. I will only say that he describes them as crooked long lost relatives of heyzeus.

Yay.

The market sure ain't buying solar stocks- bank stock charts (JPM, C) today show rebound from the lows. Two tech stocks that look like they want to go up (actually started rallying last week) are Infinera INFN and NVE Corp NVEC. Not advising anyone to do anything, just sayin'.

Has anyone (HJ?) been following the Washington Mutual bankruptcy case? The stock rallied from 4 cents to 24 cents 3 months ago around the time the judge ruled the company did not have to reimburse the Home Savings retirement plan $69 million, since then the stock has drifted back to 7-8 cents. Apparently a ruling is due soon on whether hedge funds that were given a seat at the negotiation table were guilty of insider trading. What could make the common stock have any value more than 7-8 cents? Would anybody in their right mind buy the stock? What would make the stock valuable, what would make it worthless (compared to now)?

http://www.marketwatch.com/story/washin ... =bigcharts

...Washington Mutual's Chapter 11 plan was rejected earlier this year and has since been revised. It still has foes other than shareholders, including holders of trust preferred securities, and plaintiffs in securities litigation.

Those opponents have already weighed in formally against the revised Chapter 11 plan, which was slated for hearing June 6. Only shareholders have yet to be heard from.

Lawyers for the official committee have been probing three hedge funds that own big stakes in Washington Mutual's debt, looking for evidence they bought and sold based on information gained at the Chapter 11 plan bargaining table

Judge Mary Walrath noted the suspicions when rejecting the original Washington Mutual Chapter 11 plan. Though based on hearsay evidence, the judge said, the contentions the big bankruptcy case was tainted were of concern.

Appaloosa Management L.P., Aurelius Capital Management LP and Owl Creek Asset Management all deny wrongdoing. All have been subjected to shareholder questioning in recent weeks, court documents say.

If they prove out, the claims of insider trading could sway hundreds of millions of dollars in Washington Mutual's case, which promises creditors payment in full at the contract rate of interest and ranks some of the hedge fund holdings as debt, rather than equity.

Shareholder attorneys have attacked the plan on both fronts, contending the lower federal judgment rate of interest is all that's required, and that one class of hedge fund "debt" is in fact equity, that should share the fate of other equity in the company.

Walrath indicated proof of insider trading could sway her rulings on those key points.

There's hope.

82% of Obama Voters Will Vote To Reelect Him If He Raises Taxes On The Rich

Seems like a no-brainer to me?

vinsanity wrote:There's hope.

82% of Obama Voters Will Vote To Reelect Him If He Raises Taxes On The Rich

Seems like a no-brainer to me?

yeah it's a no brainer but it will never pass unfortunately. From what I'm hearing from old friends at my old job with the Illinois Democratic Party he's in serious trouble in 2012. People are trying to put a bright spin on it and are trying to downplay the viability of the Republican 2012 field but from what I'm hearing alot of pollsters, statistical people, etc with the party think he's a one term President unless he pulls a real rabbit out of his hat soon, which there is no reason to believe he will.

This speech next week has really got to be a kick ass, take no prisoners, kick the tea baggers in the balls type speech to not only get people's confidence in him back but to get his own parties confidence back.

Optical network stocks have been stronger than the general market- Ciena, Finisar, JDS Uniphase, Oclaro. Infinera a little weak today compared to the others.

IMADreamer wrote:yeah it's a no brainer but it will never pass unfortunately.

I don't think it has to. They are set to expire at the end of this year for the top 1% no? So all he has to do is veto any bill that would extend them.

From what I'm hearing from old friends at my old job with the Illinois Democratic Party he's in serious trouble in 2012. People are trying to put a bright spin on it and are trying to downplay the viability of the Republican 2012 field but from what I'm hearing alot of pollsters, statistical people, etc with the party think he's a one term President unless he pulls a real rabbit out of his hat soon, which there is no reason to believe he will.

Are we really considering electing a presidential candidate that holds public prayer sessions to fix a draught? Who refuses to accept climate change and believes God created the Earth and man as he is today? I know Zeus keeps saying otherwise, but I really think Perry/Bachmann are the types of candidates that would motivate the left to get out and vote.

Just scary.