The blogs are chattering about poor Lee Mozilo. He’s no Angelo, they say. The SEC claims he told investors that all was well in his company, Countrywide, while he was dumping shares.
We don’t know the details, so we wouldn’t rush to judgment. But our guess is that the SEC is trying to recover its reputation by putting on a few show trials.
All Posts Tagged With: "shares"
SEC Watchdogs Slept Through the Biggest Heist in History
The New Capitalists Were Not Real Capitalists
Of course, as long as stocks went up, the new capitalists didn’t mind or notice that the financial industry took advantage of them. They completely misunderstood what they had gotten into.
May 5th, 2009 | Bill Bonner | 0 comments | Continued
Citi Reports $4.69 Billion in Fixed Income Trading
So the banks have returned to profitability have they? That was the theme on the market last week. And if it were true, a recovery in bank balance sheets is just the sort of thing that might precede a recovery in the economy. But it probably isn’t true. Here’s why…
April 20th, 2009 | Dan Denning | 22 comments | Continued
Australian Investment: Shares or Property?
The trouble is, now is exactly the wrong time to get out of the stock market. Instead, what most investors should be doing is taking a look at their portfolio and – in the words of fund managers – rebalancing it.
April 2nd, 2009 | Kris Sayce | 4 comments | Continued
Gold Ratios: Bearish for Gold Prices, Bullish for Gold Shares
It is obvious that through this crisis, despite some turbulence, gold prices have held up better than just about any other asset, commodity or currency (other than dollars and yen) we may imagine. From the point of view of a gold miner, this is a very good thing. Even better is that the price of oil, a significant cost input for miners, has fallen a lot relative to gold. This is bullish for margins…
February 4th, 2009 | Ed Bugos | 1 comment | Continued
A Falling Dollar Should Contribute More Strength to Commodities
But with cheaper commodities, there are likely to be bargain-hunting investors looking for a good entry point into the market. Further down the track, strong demand from Asia for real goods is likely to continue. Tangible assets still have the wood over financial assets…
March 20th, 2008 | Dan Denning | 1 comment | Continued