Parsad

Double ;D! Cheers!

Falcone is going to be sued for using client funds to pay personal taxes. Cheers! http://www.bloomberg.com/news/2012-06-26/sec-said-to-authorize-lawsuit-against-harbinger-s-falcone.html

Here are the photos and the video clip from Chanticleer's closing bell: http://www.nasdaq.com/marketsite/marketsite-events-detail.aspx?fn=201206-close06262012.txt http://www.nasdaq.com/marketsite/marketsite_events.stm Cheers!

Yup! Painful to watch yesterday for those families, and I can only imagine what they are going through. I think more people should have watched it...a pretty humbling episode that probably many other people need to see, especially in overpriced Vancouver. Do you know how many high end cars and apartments are around Vancouver now...it's insane! Saw three Ferraris and a McLaren on my one block walk from the bus-stop to my office. They were not going anywhere together but in different directions. Cheers!

Didn't you guys love the explanation from the Mugs'n Jugs owner on why the scantily clad hostess is leaning over the pool table showing off her assets on their website...that it was because she was playing pool and normally she would be standing up! ;D Cheers!

Article on the growing appeal of "Breastaurants"! Also a brief mention of Mike's group that took over HOA and the makeover they are working on. I've been to Hooter's restaurants maybe twice in my life because the food sucked, but I'm glad they are remaking the menu and restaurants. I'll be in Vegas mid-July, so maybe I will go to one there. Cheers! http://www.cnbc.com/id/47951618

Did you watch Dateline yesterday? It was a very good episode and discussed how so many Americans are struggling. At the same time, while many are facing daunting financial hurdles, most are fighting and optimistic about getting back on their feet over time. This too shall pass! Cheers!

I don't agree with David Rosenberg on alot of things, but this is a pretty good short interview and I think he's correct on this. Cheers! http://finance.yahoo.com/blogs/daily-ticker/living-modern-day-depression-david-rosenberg-121332909.html

Yeah sorry Rabbit. I should not have said global expansion, but rather expansion. I think these are probably domestic loans as well, not unlike the other ones. Cheers!

He's very impressive! I think we'll definitely see more things from him over time. Cheers!

Article on Market Cap versus GNP. Cheers! http://pragcap.com/buffetts-favorite-valuation-metric-says

BAC has picked up an 18-year Goldman vet, who will co-head BAC's European, Middle Eastern and African investment banking. Cheers! http://www.ft.com/cms/s/0/fae19eac-bee0-11e1-8ccd-00144feabdc0.html#axzz1ypixRIfj

Well's continues their global expansion. Cheers! http://www.forbes.com/sites/halahtouryalai/2012/06/25/wells-fargo-picks-up-6-billion-loan-portfolio-from-another-struggling-euro-bank/?partner=yahootix

LOL! That's pretty funny too. Although I would have only thought of Jurassic Park if Paul Allen had bought the island! Cheers!

I've read his blog in the past. He's kind of a douche and then sometimes he's pretty good, so it's a love/hate thing. His investment in Facebook and his past short in Fairfax make me wonder about his abilities...I'm prone to categorize him alongside Paul Allen as another "accidental billionaire"...and when you throw enough money around, you tend to get lucky. Regarding ESPN showing the video, I was also surprised. Bayless' colleagues certainly didn't step up to his defense, which was equally interesting to note. Cheers!

You can hear the Greeks in the bars tonight..."First they screw us financially and now they screw us on the football field!" Replace "screw" with you know what and you will get the right tone! :o Cheers!

Is that me or deleveraging continues big time? Assets are shrinking and they are repaying LT debt at an astonishing rate but that does not seem to be their choice but the fact that they can't put that money to work and get returns on it. So if BAC can't put their money to work, who is, and most importantly... at what costs/risks? This article should answer that: http://finance.yahoo.com/news/insight-wells-fargos-mushrooming-mortgage-201150179.html;_ylt=AgtzGQCsW5AwCpc4O7UiybiiuYdG;_ylu=X3oDMTNyYmNpcjA3BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDYjExNmQ5MzctZDYxNS0zYzFiLWJmNjItNmYxNDY3Nzg3Y2E1BHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyAzQ2NDM5M2UwLWJjYjItMTFlMS05ZTdmLTQ4NDNhZDk1MTFjYw--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3 It will depend on what happens I guess. If housing has stabilized and is going to be moving up, then Wells is going to make a killing. If things continue downhill, then Wells better have hedges in place and BAC's deleveraging would have been the way to go. Regardless, I think Moynihan is just doing the simple and smart thing by reducing debt until the costs are on par, or less than, their deposit investment returns. He's keeping it simple...which I really like! And they are keeping it relatively simple at WFC too...credit quality is high, costs are low, there is a vacuum they are filling presently and can shut it down pretty quick if things start to go in the wrong direction. I think they are both very well run banks...one is getting its health back, and one is exploiting investment oppportunities because it always had its health. Cheers!

Chalk up another newspaper...when he says something, he usually does it. Cheers! http://www.cbsnews.com/8301-505125_162-57459240/buffetts-berkshire-buys-waco-newspaper/

I'm no fan of Mark Cuban, but I love the way he tore this sports reporter up. Cuban knows his basketball! Cheers! http://sports.yahoo.com/blogs/nba-ball-dont-lie/mark-cuban-absolutely-destroys-espn-skip-bayless-air-202818568--nba.html

Not sure if anyone had seen this yet, but this was BAC's presentation from a couple of weeks ago. It's attached as a file. Cheers! BAC_Morgan_Stanley_Presentation_-_June_12_2012.pdf

I don't think we are that far off from Merkel relenting...it is coming...just exactly how much more pain and angst does she want to endure from her peers? And once they start down that road, the whole deleveraging process will take 3-4 years...but the primary wall would have finally been breached. We'll see what happens. Cheers!

Here's another one. Cheers! http://www.cnbc.com/id/47903627

As many of you know, one of the non-profits we support is "The Crohn's & Colitis Foundation of Canada". This year in Toronto, we raised $13,000 for the CCFC. Alison Obrecht, Chapter Development Coordinator For British Columbia, is spear-heading and coordinating the first ever fundraising gala in BC. I've been asked to assist her in any way possible and am more than happy to do so! The Gala is set for November 22, 2012 at the Vancouver Marriott Pinnacle. Corner Market Capital will be buying a table, and I encourage our boardmembers, especially those who live in and around BC, to try and attend. Individual tickets are $200 and tables are $2,000-2,500, with sponsorship all the way up to $15,000. They are also interested in any donations, including prizes for the auction. Everyone my age or older will also be happy to hear that Vancouver's own 54-40 is playing the Gala...one of Canada's best bands that disappeared too soon! Details for the Gala are below: http://www.kintera.org/site/c.4nJIJXPrEbKSE/b.7990773/k.DA83/2012_Vancouver_ICE_Gala__Home.htm Cheers and see you there! AllThatGlitters2012InviteNov.pdf

Article on housing and Buffett. Cheers! http://www.trefis.com/stock/buffett/articles/128178/further-evidence-that-a-housing-rebound-is-imminent/2012-06-21

What did they get right about the device? The design, the processors, useability, it's efficient, keyboard/cover, etc. Other than the display, which isn't on par with the retina display on the iPad3, it pretty much covers all of the bases. And the display is still on par or better than all Android tablets and the iPad2. They will probably have a retina option some time next year. Not to mention the fact that it will run Office efficiently and most gamers will probably prefer this machine to the Apple iPad. There definitely is a market for the Surface. Cheers!