Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Posts Tagged ‘ Taxpayers ’
Obama Bluffs on ReFi?
. &nbs...
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Habituating to Contraction
The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe...
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Gingrich tax ‘plan’ starves government, feeds the wealthy, rests on flawed assumptions
Gingrich tax 'plan' starves government, feeds the wealthy, rests on flawed assumptions
Angry Bear Blog|Dec. 14, 2011, 8:41 AM|55|1
by Linda Beale
In case you hadn't heard about it, Gingrich would offer taxpayers a choice to pay tax under current polic...
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Backlash Growing Against Survival of the Fattest
ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if t...
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The Huntsman Alternative
The Huntsman Alternative
By Simon Johnson
The eurozone financial situation continues to worsen. The latest idea from the eurogroup of finance ministers is apparently to have the European Central Bank make a massive loan to the International Monetary...
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Debt panel poised to admit failure amid partisan wrangling TOMORROW
Debt panel poised to admit failure amid partisan wrangling
Updated 27m ago
WASHINGTON (AP) – A special deficit-reduction supercommittee appears likely to admit failure on Monday, unable or unwilling to compromise on a mix of spending cuts and tax i...
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Key Lesson From Iceland Crisis Is "Let Banks Fail"
Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say.
The North Atlantic island saw its three b...
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Bank’s Collapse in Europe Points to Global Risks
October 22, 2011
Bank’s Collapse in Europe Points to Global Risks
By GRETCHEN MORGENSON and LOUISE STORY
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban...
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House of Cronies: Is Freddie Mac Incompetent or Corrupt?
Three years since the collapse of Lehman Brothers, we're not any closer to purging the rot at the heart of our financial-regulatory complex. Last December, Bank of America agreed to pay $1.35 billion to Freddie Mac for nearly 800,000 faulty mortgage...
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Our Many Layers of Entitlement
The entitlement mindset includes much more than government benefits programs.
The word entitlement commonly refers to government benefits to which we are entitled as taxpayers and/or citizens/residents. But there are layers of entitlement in the Am...
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Foofah Clarifies Why It Sued The Bastids
FEDERAL HOUSING FINANCE AGENCY
STATEMENT
For Immediate Release Contact: Corinne Russell (202) 414-6921
September 6, 2011 Stefanie Johnson (202) 414-6376
Federal Housing Finance Agency Statement on
Recent Lawsuits Filed
Upon review of media coverage...
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U.S. Income Plummeted 15.2% in 2009
U.S. incomes plummeted again in 2009, with total income down 15.2% in real terms since 2007, new tax data showed on Wednesday. The data showed an alarming drop in the number of taxpayers reporting any earnings from a job -- down by nearly 4.2 million f...
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The Debt-Ceiling Debacle: Another Way Politicians Could Ruin America
John Powell is worried - perhaps even scared.
Powell has watched the whole debt-ceiling debacle unfold down in Washington. He knows that our elected officials literally hold this country's future in their hands. He also knows that our leaders love nothing more than to squander opportunities and...
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Ebenezer Scrooge: The Ideal IMF Successor
Dominique Strauss-Kahn's forced resignation from the International Monetary Fund - and the search for an IMF successor - is a blessing in disguise. Strauss-Kahn's term in office saw a vast expansion of the IMF's activities, a fact often used to praise his tenure.
But a close examination yields...
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Richest Americans’ Taxes Drop Dramatically
Virtually all American citizens - not just the wealthy - are paying less in taxes than at any time in history. Yet the chorus of "We're paying way too much in taxes" has never been louder.....
WASHINGTON -- As millions of procrastinators scramble to ...
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Has the NAR No Shame?
The National Association of Liars reported existing home sales for December today. They said that existing home sales "increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in Dec...
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State and Local Government Squeeze is On
Squeeze is on for the state and local government borrowers. With options dwindling austerity destined to become only recourse. To the extent these governments avoid tax hikes, the budgetary axe will have to fall. Union agreements will be destroyed, pen...
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FHA Says It Has Enough Cash
"most recent audit shows that under the toughest stress tests, the FHA's reserves remain above the point at which taxpayers would have to foot the bill."
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N.Y. Faces $200 Billion in Retiree Health Costs
October 12, 2010
N.Y. Faces $200 Billion in Retiree Health Costs
By MARY WILLIAMS WALSH
The cities, counties and authorities of New York have promised more than $200 billion worth of health benefits to their retirees while setting aside almost nothing...
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Taxpayers – Prepare To Get Screwed
(Stool Pigeons Wire) by Trader Joe Prepare for the following: Authorized PPIPPIPPIPIPP Buyer (APB) gets approved to buy bank legacy debt and then
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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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Who’s Gonna Bail US out? Professional Edition
The title doesn’t have much to do with tonight’s market update, but it’s just that I keep thinking who IS going to bail US out now that the US government has embarked down the slippery slope of taking all the bad debt in the world on to itself and on to the backs of...
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