From Bloomberg here: Standard & Poor’s backtracked on ratings cuts issued last week and raised the ranking on commercial mortgage-backed debt from three bonds sold in 2007. The securities, restored to top-ranked status, had been downgraded as recently as last week, making them ineligible for the Federal Reserve’s Term Asset-Backed Securities Loan Facility to jumpstart […]

Have you seen this? This is the application banks filled out to receive TARP funds. The application is only two pages long. The first four pages are guidelines. To receive billions of dollars in taxpayer money, banks had to answer just twenty simple questions. They were permitted to attach more info in response to one […]

Another example of how the financial media routinely disservices the individual investor. The online version of The Wall Street Journal is currently running an article titled “In Obama’s Overhaul, Big Change For Brokers.” If you’re a subscriber, you can read it here. The article contains a graphic that is stunningly incorrect. And if the journalists […]

The below has nothing to do with investing or the Keys. Please indulge me, anyway. The story came from a Newsweek piece last year. I’d sent it to a buddy in Iraq then, and I’m about to send it to another friend still over there. Thought it was important this weekend in particular. It’s about […]

An update for Tarpon Fund investors. During the sign-up process for investing in the Tarpon Fund you may remember that you chose to either vote the shares in the companies you owned or allow me to vote those shares on your behalf. This is proxy season for most of corporate America, so I’ve been doing […]