BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Hugo Chavez Government to Nationalize U.S. Company Rigs]]>http://www.bloggingstocks.com/2010/06/25/hugo-chavez-venezuela-nationalize-rigs/http://www.bloggingstocks.com/2010/06/25/hugo-chavez-venezuela-nationalize-rigs/http://www.bloggingstocks.com/2010/06/25/hugo-chavez-venezuela-nationalize-rigs/#commentsFiled under: , , , , , ,

ChavezWhen you are in a hole, stop digging -- no expression better exemplifies the situation in Venezuela caused by Hugo Chavez and his government. Obviously, this is not something they understand, as the current administration keeps digging the Venezuelan economy into a deeper hole, intensified by its attempt to nationalize rigs owned by a U.S.-based company.

On Wednesday, Venezuelan Oil Minister Rafael Ramirez issued a statement that Petroleos de Venezuela SA, the state oil company, was going to nationalize 11 oil rigs owned by Helmerich & Payne, a Tulsa, Oklahoma-based drilling company.

Continue reading Hugo Chavez Government to Nationalize U.S. Company Rigs

Hugo Chavez Government to Nationalize U.S. Company Rigs originally appeared on BloggingStocks on Fri, 25 Jun 2010 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CEMEXcxExxonMobilfeaturedHelmerich PayneHugo Chavezinthenewsnationalizationoil drillingvenezuelaxomFri, 25 Jun 2010 10:40:00 EST<![CDATA[Will GM get booted from the Dow?]]>http://www.bloggingstocks.com/2009/03/31/will-gm-get-booted-from-the-dow/http://www.bloggingstocks.com/2009/03/31/will-gm-get-booted-from-the-dow/http://www.bloggingstocks.com/2009/03/31/will-gm-get-booted-from-the-dow/#commentsFiled under: , , ,

Plenty of investors have been calling for General Motors Corporation (NYSE: GM) to be removed from the Dow Jones Industrial Average (DJIA) as the automaker hovers on the brink of bankruptcy. But, like it or not, GM's rock-bottom share price isn't justification enough to oust the stock. GM still represents a major chunk of our industrial economy.

However, GM's nationalization would more than justify its removal from the Dow. After all, that's why American International Group (NYSE: AIG) got the boot last fall -- once the government took a controlling stake in the insurance giant, Dow Jones wasted no time adjusting its blue-chip lineup.

Continue reading Will GM get booted from the Dow?

Will GM get booted from the Dow? originally appeared on BloggingStocks on Tue, 31 Mar 2009 11:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGamerican international groupAmericanInternationalGroupcCitigroupDJIADow Jones Industrial AverageDowJonesIndustrialAveragefeaturedGeneral MotorsGeneralMotorsglobal dowGlobalDowGMnationalizationrick wagonerRickWagonerTue, 31 Mar 2009 11:50:00 EST<![CDATA[Nationalization on demand]]>http://www.bloggingstocks.com/2009/02/25/nationalization-on-demand/http://www.bloggingstocks.com/2009/02/25/nationalization-on-demand/http://www.bloggingstocks.com/2009/02/25/nationalization-on-demand/#commentsFiled under: , , , ,

This post was written by Minyanville contributor Minyan Peter.

I have been asked whether there was anything in Chairman Bernanke's speech yesterday that changed my outlook on the prospects of nationalization for some of our largest financial institutions. In a word "no".

From my perspective, all Chairman Bernanke did was to confirm Monday's Joint Statement from the bank which offered that what the Government was hoping to implement were "temporary capital buffers" "to provide a cushion against larger than expected future losses, should they occur due to a more severe economic environment, and to support lending to creditworthy borrowers." And that the Government's security of choice would be "mandatory convertible preferred shares."

Continue reading Nationalization on demand

Nationalization on demand originally appeared on BloggingStocks on Wed, 25 Feb 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bernankecapitaleconomyfedminyanvillenationalizationtodd harrisonToddHarrisonWed, 25 Feb 2009 15:40:00 EST<![CDATA[Cramer on BloggingStocks: Nationalizing banks is mission impossible ]]>http://www.bloggingstocks.com/2009/02/24/cramer-on-bloggingstocks-nationalizing-banks-is-mission-impossi/http://www.bloggingstocks.com/2009/02/24/cramer-on-bloggingstocks-nationalizing-banks-is-mission-impossi/http://www.bloggingstocks.com/2009/02/24/cramer-on-bloggingstocks-nationalizing-banks-is-mission-impossi/#commentsFiled under: , , , , , ,

TheStreet.com's Jim Cramer says we simply can't handle these assets now as a nation. We are ill-equipped.

What's at stake with nationalization? Why do I oppose it so much? Why do I feel that its proponents are glib and over their heads and have done no homework and do not have a stitch of rigor? Maybe because I think that nothing is impossible for those who don't have to do it themselves.

I have said again and again that as much as you may hate the bankers who got us here, it is well beyond the ken of this government to fix it. I have said that the analogies to the Swedish "success" of nationalization are chimerical, because the Swedish banking issues were small and manageable. I have said that you simply can't compare the two.

Continue reading Cramer on BloggingStocks: Nationalizing banks is mission impossible

Cramer on BloggingStocks: Nationalizing banks is mission impossible originally appeared on BloggingStocks on Tue, 24 Feb 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>baccfeaturedjim cramerJimCramernationalizationwfcTue, 24 Feb 2009 10:10:00 EST<![CDATA[Closing Bell: When traders need lithium; C, GE, HPQ, GRMN, YHOO]]>http://www.bloggingstocks.com/2009/02/23/closing-bell-when-traders-need-lithium-c-ge-hpq-grmn-yhoo/http://www.bloggingstocks.com/2009/02/23/closing-bell-when-traders-need-lithium-c-ge-hpq-grmn-yhoo/http://www.bloggingstocks.com/2009/02/23/closing-bell-when-traders-need-lithium-c-ge-hpq-grmn-yhoo/#commentsFiled under: , , , ,

Today was a disappointment all around. We were supposed to be up for once. That didn't hold. The "no nationalization" talk failed to help keep the broad market afloat. The breath of relief was quickly replaced by more flight to quality and panic protection. It feels as though the rest of the air is coming out of the market as Joe Public throws in the towel. Here were today's unofficial closing bell levels:

Dow 7,115.42 -250.25 (-3.40%)
S&P 500 743.36 -26.69 (-3.47%)
Nasdaq 1,387.72 -53.51 (-3.71%)

Top Analyst Calls

Continue reading Closing Bell: When traders need lithium; C, GE, HPQ, GRMN, YHOO

Closing Bell: When traders need lithium; C, GE, HPQ, GRMN, YHOO originally appeared on BloggingStocks on Mon, 23 Feb 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>caro bartzCaroBartzcitigroupdeutsche bankDeutscheBanknationalizationyahooMon, 23 Feb 2009 16:00:00 EST<![CDATA[What will nationalization mean?]]>http://www.bloggingstocks.com/2009/02/19/what-will-nationalization-mean/http://www.bloggingstocks.com/2009/02/19/what-will-nationalization-mean/http://www.bloggingstocks.com/2009/02/19/what-will-nationalization-mean/#commentsFiled under: , , , , , ,

This port was written by Minyanville contributor Minyan Peter.

I think the Government will try at all costs to create the impression that only a limited number of banks are going to be nationalized. To achieve this, Secretary Geithner has requested that the top 15-20 banks in the country undergo a stress test, where regulators will review banks' capital positions under a variety of economic scenarios. And, based on these reviews, those banks that fail will be given convertible preferred stock to boost their capital levels to some yet to be determined level.


Continue reading What will nationalization mean?

What will nationalization mean? originally appeared on BloggingStocks on Thu, 19 Feb 2009 14:51:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ccitigroupfannie maeFannieMaefnmfrefreddie macFreddieMaclloydslygminyanvillenationalizationrbsThu, 19 Feb 2009 14:51:00 EST<![CDATA[Pricing system for toxic assets deemed key to U.S. Treasury bank rescue plan]]>http://www.bloggingstocks.com/2009/02/11/pricing-system-for-toxic-assets-deemed-key-to-u-s-treasury-bank/http://www.bloggingstocks.com/2009/02/11/pricing-system-for-toxic-assets-deemed-key-to-u-s-treasury-bank/http://www.bloggingstocks.com/2009/02/11/pricing-system-for-toxic-assets-deemed-key-to-u-s-treasury-bank/#commentsFiled under: , ,

Investors should not read too much into the Dow's nearly 400-point drop Tuesday. What they should concentrate on, in the view of a pair of economists, is the mechanism the U.S. Treasury uses to price toxic assets.

The above is the most important 'unknown' in the U.S. Treasury's financial stability plan, so says economist David H. Wang -- how toxic assets that are clogging banks' balancing sheets and restricting credit -- will be priced.

"Will the United States government set-up a clearinghouse? Or will they design some type of open outcry, or managed open outcry? These are the key unknowns," Wang said. "Treasury Secretary Geithner and his staff cannot rush this decision, but on the other hand they cannot take two quarters to developed it. They have to announce the structure of the pricing program within a couple of weeks. I cannot underscore enough the importance of this pricing methodology. It will be the biggest factor in whether the credit system recovers, or something much worse occurs."

Continue reading Pricing system for toxic assets deemed key to U.S. Treasury bank rescue plan

Pricing system for toxic assets deemed key to U.S. Treasury bank rescue plan originally appeared on BloggingStocks on Wed, 11 Feb 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank bailoutbank rescuebanking sectorcredit marketsfeaturedGeithnermortgage backed securitiesnationalizationtoxic assetsU.S. TreasuryWed, 11 Feb 2009 12:00:00 EST<![CDATA[Could Venezuela become Zimbabwe? Ask Cemex]]>http://www.bloggingstocks.com/2008/08/26/could-venezuela-become-zimbabwe-ask-cemex/http://www.bloggingstocks.com/2008/08/26/could-venezuela-become-zimbabwe-ask-cemex/http://www.bloggingstocks.com/2008/08/26/could-venezuela-become-zimbabwe-ask-cemex/#commentsFiled under: , , , , , , , ,

In the margins of Barron's this week there was a smallish note about the government of Venezuela nationalizing Cemex's (NYSE: CX) operations in that country. For some reason the government of Hugo Chavez thinks that stealing all of the private companies in 'his' country will lead to greater prosperity for 'his' people.

While it is a long journey from Venezuela to Zimbabwe, with its exponential inflation rate and a near-total economic breakdown, every journey begins with a first step. Mr. Chavez will move much closer to this inevitable outcome if he continues on his chosen path.

Motley Fool has a good write-up on the subject in which they detail the sour relations between Chavez and foreign businesses. Chavez recently offered to re-open negotiations with Cemex, but since he has already decided to take the company, that offer is suspect -- you can't negotiate with a gun pointing at you. To date, Chavez has nationalized the telecommunications industry, electricity, and oil. How many steps down the road is that? Why would anyone want to invest in Venezuela?

Continue reading Could Venezuela become Zimbabwe? Ask Cemex

Could Venezuela become Zimbabwe? Ask Cemex originally appeared on BloggingStocks on Tue, 26 Aug 2008 14:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CEMEXCXfeaturedHugo ChavezHugoChaveznationalizationSheldon LiberSheldonLibervenezuelazimbabweTue, 26 Aug 2008 14:15:00 EST