Thursday, February 11, 2010

Indications Of Interest

Good Stuff To Read

How Brussels Is Trying to Prevent a Collapse of the Euro
http://www.spiegel.de/international/business/0,1518,676507,00.html
Print more money. Destroy the currency. More Bailouts. That's been the script. Why deviate it from it?

Google tweaks Gmail to challenge Facebook, Twitter
http://www.reuters.com/article/idUSTRE6184EV20100209
You knew this was bound to happen. Why not just buy Twitter or Facebook with your overvalued stock?

Obama Says He’s ‘Fierce’ Free-Market Advocate, Rejects Critics

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDLk0lPYaSa0&pos=1
Obama should just keep his mouth shut. We all know that there is no such thing as a free market. The banks just make demands and the administration just caves in to their demands. Its so obvious that Obama doesn't have the stomach for a battle with these guys. Free Markets is an intellectually bankrupt term used by the proponents of that school of thinking, and Obama just uses the term like it actually means something.

Henry Paulson: My close ties with Wall Street were ‘a huge help’
http://rawstory.com/2010/02/paulson-being-close-to-wall-street/
Stuff you cant make up. It was a huge help all right! To Goldman Sachs!

Wall St.’s Biggest Bonuses Go to Not-So-Big Names
http://www.nytimes.com/2010/02/11/business/11bonus.html?adxnnl=1&ref=business&adxnnlx=1265907783-zcOmxMnj2/rw9yyCoOzHGw
Another useless piece from the NY Times. Goodness! Can't they get someone who actually knows whats going on Wall Street and in financial services? They should just re brand the Times Business Section - Wall Street For Dummies.The biggest pay checks on Wall Street doesn't normally go to the Top Officers. Traders and deal makers have always made more then the CEO, like in the 80's in the case of Michael Milken and Larry Hillibrand of Salamon Brothers. But again, these guys at the NY Times weren't even born then so take it for what's worth. Also this has changed in recent years because the best traders and deal makers from the past or now in fact the CEO's!

Bollywood star claims he autographed his own naked body scan
http://rawstory.com/2010/02/bollywood-star-naked-body-scan/
So is this why I keep getting smiles and phone numbers at Airport security?

WaPo Poll: Two-Thirds of Voters Say Pass Comprehensive Reform
http://www.dailykos.com/storyonly/2010/2/9/835523/-New-WaPo-Poll:-Two-Thirds-of-Voters-Say-Pass-Comprehensive-Reform
The electorate since 1964 or so hasn't trusted government. Of late the trust is at its lowest in regards to our political system. With these type of pole numbers its startling to realize that Obama has mucked up Health Care Reform to this extent. The country is starving for leadership and reform. When will we get either?

Tea party genius: Sen. Larry Kudlow
http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2010/02/08/draft_kudlow
Can we please bury Larry Kudlow somewhere? Supply side economics, free markets, monetarism are all dead alongside Milton Friedman, isn't it time Larry Kudlow also is put out to pasture? Will Ben Bernanke campaign for him?

Capital One customers face rate hike

http://www.timesonline.co.uk/tol/money/borrowing/article7019522.ece
Times are tough and we know you guys are hurting, so we are going to make you suffer more. Thanks for the bailout though.

Wars sending U.S. into ruin
http://www.torontosun.com/comment/columnists/eric_margolis/2010/02/05/12758511-qmi.html
DUH? Tell me and a billion others something new.

Ron Paul: ‘Neocon influence’ is infiltrating tea parties

http://rawstory.com/2010/02/paul-cautions-neocon-influence-infiltrating-tea-parties/
What's your point Ron Paul? The Tea Party people are morons who if given the same faulty Iraqi War Intel today, knowing what they know, they would still vote for the War.

New Mexico House Votes 65-0 To Move State's Money To Credit Unions, Community Banks
http://www.huffingtonpost.com/2010/02/09/new-mexico-house-votes-65_n_456043.html
The first salvo hits. Move your money away from TBTF institutions!

Queen could help prevent future credit crunch
http://www.telegraph.co.uk/news/newstopics/theroyalfamily/7202665/Queen-could-help-prevent-future-credit-crunch.html
Who cares. Not unless the Queen dips into her secret Swiss Banks Accounts to bail out the Brits.

Afghan police flunk drug tests
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/International/10-Feb-2010/Afghan-police-flunk-drug-tests
When the major industry in your country is Poppy. What do you expect?

How a New Jobless Era Will Transform America
http://www.theatlantic.com/doc/201003/jobless-america-future
I don't know what was more depressing? The length of this article or the contents. The article made feel sicker as I read on.

Obama Willing To Compromise On Health Care Reform

http://www.huffingtonpost.com/2010/02/10/obama-health-care-bill_n_456365.html
Not a surprise. Obama has no stomach for a fight. Wants a deal no matter what.

Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKGZkktzkAlA&pos=1
Obama has really got to shut up. Earth to Obama! Professional Athletes were never bailed out by the tax payer! The Knicks and Mets both suck, but they didn't kill the economy rather the souls of all their fans.

Wall Street Wants a Refund

http://www.truthdig.com/report/item/wall_street_wants_a_refund_20100210/
Banks should pay back and roll over all of the FDIC TLGP debt first. How about that?

Can Anyone Stop the Predatory Lenders?
http://motherjones.com/politics/2010/01/mortgage-sharks-foreclosing\
Yes. They can stop it. Congress can set up a Consumer Protection Agency with plain vanilla mortgage standards.

Midas Touch Lost? Paulson Hits Hurdles in Gold Fund
http://online.wsj.com/article/SB10001424052748703615904575053793439062452.html
Is Gold going to become another trade of a lifetime like shorting subprime?

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