A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Financiers ’
Who will be the next Treasury secretary? | Felix Salmon
Glenn Somerville has one of the first of what will surely be many articles handicapping possible Treasury secretaries come January. We know we’re going to get a new one, whatever happens — Geithner won’t stay on for a second term. Top of the list if Obama gets re-elected is Larry Fink, of Blackrock —...
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Goldman Sachs Spreads Tech Investments After Facebook – Bloomberg
GigaOMGoldman Sachs Spreads Tech Investments After FacebookBloombergGoldman Sachs Group Inc. (GS), the bank which last week doubled its money from a 2010 bet on Facebook Inc. (FB), is ramping up investments in Web startups, underscoring the allure of h...
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Crony Capitalism Comes Home
Whenever I write about Occupy Wall Street, some readers ask me if the protesters really are half-naked Communists aiming to bring down the American economic system when they’re not doing drugs or having sex in public.
The answer is no. T...
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I’m starting to think next Pres. will be crazy person
I'm starting to think that one of these nut jobs will be our next President. Obama has tried to play it safe, and there's no endeavor in the world where you can overcome great odds by taking no chances. And he faced great odds as we all know.
But h...
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BB&T pushing HELOCs
Suddenly BB&T is pushing 3.49% home equity loans? This is troubling on several levels.
1. I thought banks were under orders to reduce their real estate exposure. 2. Anyone who currently has actual equity in their "home" must have a)bought in the 199...
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Care about the WallSt takeover of America? Oct17th
www.adbusters.org
Excerpt:
Hey you jammers, dreamers, patriots and revolutionaries out there,
Our occupation of Wall Street is less than two weeks away … do we have it together?
The perpetrators of the massive financial fraud have been allowed to...
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Fed’s Low Interest Rate Pledge Is Insane
Peter Schiff of Euro Pacific Capital is not too pleased with the Fed's change of policy:
"Ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the U.S. economy. By committing to keeping them near...
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The Fundamental Injustice That Is Destroying the Nation
The guilty are powerful and free, the innocent burdened and oppressed: that is injustice. There is a fundamental injustice that is poisoning the soul of the nation, and if it is not openly addressed then the nation will face the explosive consequen...
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When Irish Eyes Are Crying
Ireland is different, quite an interesting read.
When Irish Eyes Are Crying
When the Irish land boom flipped from miracle to catastrophe, a lot of important people’s status, along with perhaps their sense of themselves, flipped with it. An Irish st...
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Anglo-American Financiers Offer Terms to the Rest of the World
"To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discus...
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TBTF Requires a Controlled Demolition
If shareholders realized they they are getting the same shaft as depositors a major impediment to true bank reform could be swept away. Senior bank employees are using complexity of operations (which is more myth than reality) to hobble shareholder control and progressive era legislation to hobble depositor control.
Let the senior financiers keep their...
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Actionable Bagholders
âMoney has no motherland; financiers are without patriotism and without decency; their sole object is gain,â â Napoleon Bonaparte.
Today the Fed came into the Treasury market with less monetization than anticipated. Dealers were left as bagholders resulting in an 16 BP increase in the 10 year T-Note. Is the Fed being bipolar, or...
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Obie Drinks the Kool Aid, What Would Shakespeare Say?
I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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