CNBC is now trumpeting that they have made 27% on their purchased toxic assets. What a bunch of assholes.
Companies Favor Temporary Help
This year, companies have hired temporary workers in significant numbers. In November, they accounted for 80 percent of the 50,000 jobs added by privat…
Can the Fed Become Insolvent?
Mises Daily: Monday, November 29, 2010 by Robert P. Murphy
In light of Bernanke’s plans to purchase $600 billion of longer-term government debt, many academic economists are beginning to worry: Co…
Ambac Financial Group Inc has sued the US to block IRS seizure of $700 million of tax refunds.
Ambac Sues U.S., Says IRS May Ruin Bankruptcy- Reuters
Bond insurer Ambac Financial Group Inc has sued the United States to block seizure of $700 million…
The best interpretation of the Fed statement I saw here:
We want our f*** money back before October. If not, we will monetize it and have FASB board bring back stricter accounting rules. Do you f*** understand? Now get a move on selling your $2 trillion in equities, you don’t have much time.
P.S. Jamie and […]