Wall Street on Parade-1/31/16
According to the Center for Responsive Politics, among the top five largest lifetime donors to Hillary’s campaigns, Citigroup tops the list, with three other Wall Street banks also making the cut: Goldman Sachs, JPMorgan Chase and Morgan Stanley. (The monies come from employees and/or family members or PACs of the firms, not the corporation itself.)
Hillary Clinton famously told ABC’s Diane Sawyer in 2014 that she and Bill Clinton left the White House after his second term “dead broke.” But apparently, Citigroup felt they were a good investment. According to PolitiFact, Citigroup provided a $1.995 million mortgage to allow the Clintons to buy their Washington, D.C. residence in 2000. That liability does not pop up on the Clinton disclosure documents until 2011, showing a 30-year mortgage at 5.375 percent ranging in face amount from $1 million to $5 million from CitiMortgage. The disclosure says the mortgage was taken out in 2001.
Citigroup has also committed $5.5 million to the Clinton Global Initiative, a charity run by the Clintons. It has also paid enormous speaking fees to Bill Clinton.
What has Citigroup gotten from its outsized support of the Clintons? Bill Clinton is the President who repealed the most important investor protection legislation of the past century, the Glass-Steagall Act, an outcome heavily lobbied for by Citigroup. Hillary Clinton has signaled to Wall Street that she will not push to have the Glass-Steagall Act restored while her leading opponent, Senator Bernie Sanders of Vermont, vows to restore it and return sanity to America’s financial system.
Just nine years after Bill Clinton signed this massive deregulation of Wall Street and gave Citigroup’s Sandy Weill a souvenir pen from the signing, the U.S. financial system collapsed in the greatest implosion since the Great Depression.
What makes you think there is a problem at Seagate?
Just because Seagate missed the last two quarters, earnings are down 60% from a year ago, margins are expected to remain depressed until the middle of next year, they replaced their CFO and head of cloud systems, had a layoff, blew through $1 B in cash on shares now underwater, earnings expected to drop 40% this year from 2013, paid too much for Dot Hill, face WDC which is way ahead of Seagate on solid-state and now has an internal supply of flash, are late on 8 TB and He filled drives, etc.
Don't you know everything is A-OK?
Just ask Needham, Brean, Craig Hallum, Maxim, Cramer, and the rest of the clowns pumping this POS.
"As for what Benchmark says: OK - so STX didn't say enough about what they wanted to hear - and spelled out some of those issues (I'm only going by what was blurbed by Dow Jones, so I don't know the details)"
Can you please provide Benchmark's detailed comments?
No doubt about it!
Of course, the decline today was both totally contrived and orchestrated by hedge fund traders.
FYI, over 2 million shares were traded with the stock at $9 or lower, some covered over the last hour.
What does that tell you?
any moron knows that
The fact that we rebounded yesterday after most of the December 45 Put Contracts were closed gives a good deal of credence to your belief.
It's a short scam to either get cheap shares for the next run up or maximize the profits from the expiring put options this week.
Don't use logic or fundamentals, just assume corrupt traders running the show
Ain't no such thing as market manipulation.
Another game the traders are playing is around the 12,000 open December put contracts at $45. A lot of leverage there. After next week this game will be gone.
Well you could have fooled me. I thought it was a lock that he was the ranting lunatic under investigation for felony assualt.
Q; What kind of moron shorts a stock with a stable high dividend yield with Yellen taking over at the FED?
A: Can you say SFB, runny nosed, hedge fund parasite?
Sure looks a tad suspicious when all you read are negative comments from just one firm.
YOU FAIL ECON 101.
You completely ignored two MAJOR reasons for the slow economic growth:
1. Population Demographics, the baby boom is saving for retirement instead of buying new homes, cars, TVs, etc. Look at the 1970s when the boomers were coming of age.
2. Middle class income, adjusted for inflation has not grown for over 15 years while energy, housing, health care and college costs are up triple digits percentage wise along with exec pay.
Tomorrow, tomorrow, tomorrow.
Don't you really think FEIC is somewhat pricey now and a bloated pig at your target?
Most of the posters on these boards are either institutional traders, retail traders or paid 'PR" shills from India or elsewhere. These shills are paid by Wall Street vermin to bash or pump a stock. Sometimes they do both.
Many of these posters of are fold mouthed, SFB, greedy, AHOLES.However, if YHOO would take action to clean up their boards, the number of posts would crater lowering the amount they get from advertising fees.
Recent polls by YHOO found a high level of dissatisfaction by the people who use these message boards. Too bad YHOO's ad clients didn't read the results. Certain groups now appear to be putting pressure on YHOO to censor posts making racial or anti-gay slurs. FYI, it's a simple thing for YHOO to remove these posts or censor the poster, but Mayer appears either too arrogant or too busy reading her press clippings to take any action.
Instead of being a vehicle to discuss investing, 90% of the posts are either about politics, short traders trying to instill fear in retail investors, long traders pumping the stock, or just psychopaths acting out.