Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Financial Acct
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Sunday March 14, 2010 Friday we linked to reports by the bankruptcy examiner on the Lehman Brothers Fraud. Those transactions are the subject of longer reports in Section 2 of the WSJ Weekend Edition out now. But the most clear explanation we have seen is from Dylan Ratigan. The video clip runs ten minutes but is…
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Friday March 12, 2010 This is beginning to remind me of Watergate. I do not mean the facts, that a President's staff member was involved in a break in that was denied and then finally admitted. I mean the way the Bear Lehman Merrill fiasco is slowly unfolding just like Watergate. Most of these things…
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Thursday March 11 2010 We study liabilities in Inermed II Accounting. This article details the precarious state of high yield of so called junk municipal debt. We have referenced in these posts the failing states and cities around the country. The re payment of their debt is now in doubt. The Fed Govt has lowered safe…
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Wed March 10 2010 From Visual Science Laboratory, March 8 2010 First up: "Live fast and die quicker." As Americans we seem to think that living brutal, jam packed 18 hour days is a smart, productive and reasonable way to live. But as my friend the cardiologist says, "The faster you live the quicker you die."…
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Tuesday March 9 2010 Bunker Hunt bought position limits of silver futures contracts in 1980. Then instead of closing out the position with cash settlement, he wanted physical delivery of the silver. There was not that much silver to be had so the price sky rocketed as traders scrambled to cover their positions. Unamused, the…
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Monday March 8 2010 A person I know did work for a temp firm that hires employees for major high tech manufacturers in Austin. All of them Samsung, Dell, et al, use these temps in their manufacturing operations. That way when they want to lay off employees, the temp firm takes the unemployment hike, not…
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Monday March 8 2010 That was the opening to the Beverly Hillbillies, all social trends in the US tend to start on the West Coast, so let's head west to see what is happening. I commented in class a couple of weeks ago that we would see riots before this financial crisis ends, well we…
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Monday March 8 2010 Japan's moniker is the Land of the Rising Sun, no doubt a reference to its island status offshore Asia. But since its stock market top in 1989, the sun has been setting. This article suggests that debt is about to overwhelm savings and production. Readers will recall this is the same problem…
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Monday March 8 2010 Like the rock thrown into the pool, the ever widening ripples are taking down lots of other players in the financial crisis. Ambac is a firm that 'insured' municipal bonds. The bankruptcy of the Las Vegas Monorail in February, has caused even the optimistic to wonder if Ambac can survive. The…
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Sunday March 7 2010 A dilemma is a situation in which all possible outcomes have unfavorable consequences. That is now the situation facing Incarnate Word here in SA. I have given up trying to link to the on line SA Express, but if you have the Sunday paper, this is a front page article. Now…
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