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 ‘ Ponzi Scheme ’
JPMorgan’s New CIO Tied to Madoff, U.S. Treasury, LTCM – TheStreet
Matt Zames, the executive tapped to take over management of JPMorgan Chase(JPM_)’s chief investment office (CIO), has a controversial resume… Zames allegedly told a colleague about suspicions regarding Bernie Madoff some 18 months before his Ponzi scheme was revealed to the public. He also worked at Long Term Capital Management, the now-infamous hedge fund...
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Bad Moon Rising
As politicians and central bankers around the world desperately try to keep their debt drenched ponzi scheme going for awhile longer, the mood darkens among the populations of developed countries around the world. I came across a quote from, of all ...
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Social Security and the Misinformation Campaign Trying to Kill It
If the $2.6 trillion in U.S. Treasury bonds the Social Security Trust Fund is holding are shaky, then so are the bonds held by individuals and most financial institutions in the U.S. and governments around the world. Since the demand for U.S. Treas...
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Full Tilt Poker A Ponzi Scheme
Full Tilt Poker A Ponzi Scheme According To U.S. Attorney
By DAVID B. CARUSO
09/20/11 03:59 PM ET
NEW YORK -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not...
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What Would Happen If Social Security Disappeared?
GOP presidential candidate Rick Perry repeated his characterization of Social Security as a Ponzi scheme in Wednesday night's debate, and insisted that the retirement program is unfair to young workers. If Perry is right, maybe we should end Social ...
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Bernanke: "U.S. bank exposure to ChocoZone is…
Ya gotta give Bernanke credit for being THE most consistent clueless (or lying) Fed Politburo Head, ever.
For, as reported here:
http://www.cnbc.com/id/44411981
...our own loveable, Pigman in Chief is now soothingly cooing that the U.S. bank's:
TWO...
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The winner economy and the loser economy
Aug 23, 2011
The winner economy and the loser economy
By Spengler
Just what do America's large multinational corporations have to do with the US economy? Very little, judging by the data.
Item: Final sales of domestic product rose by 3.8% (with...
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Madoff: Entire US govt is a "Ponzi scheme"
http://www.bloomberg.com/video/67122488/
"The whole new regulatory reform is a joke. The whole new government is a Ponzi scheme."
"It's unbelievable...Goldman...no one has any criminal convictions."
Bernie, Bernie. You went too small-time, that's ...
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Madoff Says Banks Were ‘Complicit’ in Fraud
BUTNER, N.C. — Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family.
In his first interview for publication since his arrest in December 2008, Mr. Madoff — look...
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John Elway $15 million Poorer from Ponzi Scheme
Elway asks the court to put their claim ahead of the others to recapture the investment first.
http://www.luxist.com/2010/10/15/hall-of-famer-john-elway-15-million-poorer-from-
ponzi-scheme/
Elway, who has diversified business holdings including a la...
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Brilliant Quants Beside Us and Their Perfect Quarter
In a sense, brilliance is like a fast computer with lots of memory, it can be used to manage a ponzi scheme like Madoff's without detection, or to devise a new drug to cure cancer. Brilliance is like atomic energy, it can either power the city or destroy it.
How it is aimed matters.
Imagine reading...
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Stocks Sink Providing Cash for Treasury Ponzi – Professional Edition
Another wave of selling in stocks lifted Treasuries, as the buying panic in that market was once again reignited. The powers that be are using stock markets around the world as a liquidity sink from which to generate enough cash to continue to support the Treasury Ponzi scheme. Without fear and panic, that scheme...
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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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Like Giving Speeding Tickets at the Indy 500
“It’s a proprietary strategy. I can’t go into it in great detail.”- Bernard Madoff
The latest in the growing list of scams and scandals takes the cake. The Bernard Madoff Ponzi Scheme promises to single handedly deliver the coup de grace to the Yacht and Golf Club plutocratic crowd, finishing what the Panic didn’t. This...
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Mr. Bernanke, Tear Down This Ponzi Scheme – Professional Edition
FCBs dumped a massive amount of GSE paper this week, continuing a 10 week string of panic selling during which they have unloaded $148 billion of their GSE holdings. I had long warned that if the FCBs ever ended their subsidy of the US mortgage market, the financial system would collapse. When we look...
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The Eternal Teenage Life of Ruth Madoff
After three years of near total silence since her husband, Bernard Madoff, admitted to running a Ponzi scheme that devastated thousands, Ruth Madoff has embarked on a nationwide sympathy tour. In the past week, she hit 60 Minutes and The Today Show,...
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