How can I forget the following?
Boy I do read a lot! Don't I?
The Senate Finance Committee's jobs bill
http://voices.washingtonpost.com/ezra-klein/2010/02/the_senate_finance_committees.html
Total disgrace! A jobs bill that really is? Surprise! Another tax break/giveaway to the wealthy. Totally unfunded of course! When will the revolution begin?
Lehman Justice Isn’t Blind, It’s Unconscious
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_uR69EhwZFA
There is a bullet with the words Dick Fuld written on it somewhere. Many bullets! But again why are we just picking on Lehman? The entire credit system/repo markets are filled to the gills with garbage loans and collateral. All of the major banks have billions upon billions of assets that are not worth nearly as much as they think do. Its a system wide problem. The banks were insolvent last year at this time and they are insolvent at this very moment. There is not enough room on Earth to put all these creeps in jail. But they should start with Fuld.
Palin's Favorite Republican
http://www.thedailybeast.com/blogs-and-stories/2010-02-10/paul-ryans-sacred-cow-slaughter/2/
Fear, Loathing, and Stupidity in DC. If I hear one more person who uses the words "Free Markets" to describe what needs to be protected, I will throw up on the nearest baby.
Tightening economic policy - Withdrawing the drugs
http://www.economist.com/displaystory.cfm?story_id=15498185
We go from one economic ideology to another. From one bubble to the next. When will it all end?
Goldman wins bookrunner role in AIA listing
Goldman wins bookrunner role in AIA listing
You cant make these things up. They wreck AIG first, then are the book runners when they have to break up the company.
The Onion Weekender
http://www.theonion.com/content/magazine/hey_all_you_bill_me_later?utm_source=twitterfeed&utm_medium=twitter
I don't read the Onion, but maybe I should? Anyway this is classic.
Lawmakers' rush to punish banks threatens recovery
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/11/AR2010021102206.html
Doesn't government understand that people like Schwartzman and his bandit friends on Wall Street need to loot the tax payer a little more? Why are they trying to punish the bad guys? I have an idea! Lets all let murders, rapists, and burglars go unpunished and then lets look at the results on society.
China Tries to Cool Economy by Ordering Banks to Boost Reserves
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0qGx0mAHiAs&pos=1
Not a surprise. Can anyone understand Chinese Math anyway? The Chinese Banks make the US Banks look like Cub Scouts.
Vote here for the Dynamite Prize in Economics
http://rwer.wordpress.com/vote-here-for-the-dynamite-prize-in-economics/
I vote to impeach all of these idiots and their hair brain theories.
Economists' Hubris - The Case of Risk Management
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1550622
"We find that pretty much all of the models fail when put under intense scientific examinations and that we still have a long way to go before we can develop models that can indeed be effective." - Need I say more?
Will markets call EU bluff on Greek rescue?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7216363/Will-markets-call-EU-bluff-on-Greek-rescue.html
The answer will be a resounding YES! And It Counts! I love this quote:
"Economically, we are in a very risky situation. Greece is close to default. We face systemic risk like the Lehman collapse and unless there is a bail-out for Greece, there will have to be a bail-out for the whole European banking system within two or three months." - Hey tough guy! We heard this before. Remember Paulson? TARP? Life goes on chief! The only thing is fear itself!
IMF Tells Bankers to Rethink Inflation
http://online.wsj.com/article_email/SB20001424052748704337004575059542325748142-lMyQjAyMTAwMDEwMjExNDIyWj.html
The IMF lecturing Central Bankers? This is a new low even for them. Let central bankers wreck developed countries, just like the IMF has wrecked emerging market countries.
Economists Expect Shifting Work Force
http://online.wsj.com/article/SB10001424052748703382904575059424289353714.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
This is all you need to know about Economists. These morons fail to realize even before this most recent recession, jobs had already left the country to go to India/China. Did these guys ever read "The World Is Flat?" In 5 years they will come to the conclusion that deregulation, lack of oversight and ZIRP was really the cause of the economic meltdown.
Spec Houses Rise as Builders Bet On Buyers Before Tax Credit Ends
http://online.wsj.com/article/SB20001424052748704820904575054922945714884.html
Want more stupidity? Ask for more tax credits. There is so much inventory of existing homes that are seriously delinquent and soon to be foreclosed on, and we are still seeing home builders build houses that no one can afford or even get a mortgage for. If there was a Nobel Prize for Stupidity, it should be shared by every home builder in America.
Inside Job
http://www.slate.com/id/2244026/
The more people read Paulson's book, the more we all realize this guy completely murdered us.
Subprime Goes Hollywood
http://motherjones.com/politics/2010/02/subprime-goes-hollywood
I don't know why this is such a bad idea? Remember financial innovation creates jobs and lowers the barriers to credit for all Americans to enjoy, while transferring risk to the speculators. Where have we heard this before?
Financial Perversions Sold During Credit Boom
http://www.nytimes.com/2010/02/12/business/12norris.html?ref=business&adxnnlx=1265983474-oNttTdP/LpZjw1T9JB56lw&pagewanted=print
Thank you NY Times for letting us know that these type of perversions did happen.
Is The FDIC Killing Short Sales?
http://activerain.com/blogsview/1243528/is-the-fdic-killing-short-sales-
This is 100% mind boggling! How in the world can stuff like this happen in our country?
Words Designed to Kill Reform - This Time It's Wall Street
http://www.huffingtonpost.com/jeff-merkley/words-designed-to-kill-re_b_458592.html?view=print
Wouldn't it be funny if Senator Merkley is in fact the one who is actually killing financial reform? HAHA! NOT!
Last but not least.
Goldman Sachs, Goldman Sachs, clicking in the votes?
http://www.guardian.co.uk/business/2010/feb/11/goldman-sachs-tobin-tax
I love Bill Nighy from the Underworld Movies.
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