WHY WALL STREET ALWAYS BLOWS IT (and where the money went)
Atlantic Article Submitted by multiple readers, I read this as soon as my issue was delivered. It’s true ... all of us are to blame.by Henry Blodget WHY WALL STREET ALWAYS BLOWS ITImage credit: John RitterWell, we did ... hangover of an even bigger one—a global housing and debt bubble whose bursting has wiped out tens [more...]
Date: 2009-01-14 15:31:41
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People Get Ready
In the twilight of the Bush days, in the twilight of the twilight season, a consensus has formed that we are headed into a long, dark passage leading we know not where. Even CNBC's Lawrence Kudlow has been reduced to searching for stray "mustard seeds" of hope on hands and knees in a bleak and tortured financial landscape [more...]
Date: 2008-12-08 13:40:28
Obama's Cabinet - Love Fest and Patsies!
A baggy eyed Sen. Clinton was given a pass yesterday in her Sec.of State Nominee hearings.Every president is entitled to the Cabinet he has slected and the opposition party should play the role of asking penetrating and probing questions and unless they find something very disturbing Cabinet Nominees should be allowed to serve [more...]
Date: 2009-01-14 14:35:00
I Have a Dream
Obama's Hopeful Economic Speech copyright ? 2009 Betsy L. Angert. BeThink.org I have a dream. I dream of a day when Americans will separate themselves from a difficult past. I dream of a time when partisan politics will not divide us. In my dream, I see a nation united; one in which Black children, white, Brown, yellow, [more...]
Date: 2009-01-09 00:55:47
Guest Post: Time to Recapitalize Banks Fully
As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]
Date: 2009-01-15 11:47:00
The Nightowl Newswrap
Oh, Honey! We are anything but bored! You and the rest of the cast of the Wasilla Hillbillies took care of that! Sarah Palin mulled a cask of whine to go with the cheese that's been aging since McCain picked her ignorant ass and lashed out at 'bored, anonymous, pathetic bloggers who lie' in her latest histrionic screed against the media [more...]
Date: 2009-01-14 06:42:00
The Nightowl Newswrap
Oh, Honey! We are anything but bored! You and the rest of the cast of the Wasilla Hillbillies took care of that! Sarah Palin mulled a cask of whine to go with the cheese that's been aging since McCain picked her ignorant ass and lashed out at 'bored, anonymous, pathetic bloggers who lie' in her latest histrionic screed against the media [more...]
Date: 2009-01-14 16:37:05
2008 Lookback: Where to Start?
It is not hyperbole to say that 2008 will go down as one of the more memorable years in the history of modern financial markets. Comparisons to the 1920s did not come across as ridiculous, and the unrelenting downpour of bad news has left investors with the feeling of having experienced four years inside of one [more...]
Date: 2008-12-22 11:09:00
Transcript: President George W. Bush at American Enterprise Institute, Includes Q&A | December 18, 2008
(Source: White House Press Office) 10:44 A.M. EST MR. DeMUTH: Mr. President, what’s on your mind this morning? THE PRESIDENT: First, thanking you for being the leader that you’ve been, and thanking AEI for generating good thought. People in the public arena need to have support for philosophy — and that’s what you provide, [more...]
Date: 2008-12-18 20:43:07
Citi Breakup in Sight (Reuters)
This just in from Reuters; Robert Rubin's departure from Citigroup appears to have been a prelude to this ... the equivalent of a "good bank, bad bank" structure, in which it would slim down to a business model ... on corporate, investment and retail banking and keeping a slimmer trading business, while moving [more...]
Date: 2009-01-14 08:05:44
Fixing the Unemployment Outlook
by The Mogambo Guru Mish Shedlock at globaleconomicanalysis.blogspot.com has looked at the latest Z1 Flow of Funds report, and found that "$7 ... " that he figures will appear in 2009. He says, "I doubt Obama can do that quickly, if indeed at all." Suddenly, I see my chance to get the spotlight off of Mr. Shedlock, who deserves it, and onto me, who [more...]
Date: 2009-01-02 20:04:08
Christmas Potpourri and Holiday Shopping Update
Happy Holidays and Happy New Year to you and your loved ones. Here are a few headline news reports of interest from the past couple days.U.S. Store Traffic Fell 24% on Pre-Christmas WeekendU.S. retail store traffic fell 24 percent last weekend from a year earlier as deepened discounts failed to entice consumers to spend during what may be the [more...]
Date: 2008-12-26 03:52:00
TARP is in the headlines again!
Financial markets are still stressed. And given that Secretary Paulson has already appropriated TARP funds in excess of the first $350 billion, it is not surprising that Pres. Bush is drafting up a request for Congress to release the final $350 billion in TARP monies (with an interesting political tie to Obama) [more...]
Date: 2009-01-11 19:04:08
Tenant Loans - Tenants Only Resort
As if the problems of tenancies were not enough that loan providers too have started treating tenants in a step motherly fashion. Such is the indifference of loan providers that it appears as though loan opportunities are all shut for the tenants. Since they do not have a home of their own, tenants are often eyed with suspicion [more...]
Date: 2009-01-15 22:31:49
Debt Fraud is Real: What you Should Know
Recent statistics have shown that millions of consumers are affected by debt fraud each year, ... the identity of the debt collection agency. They do not consider the possibility that the whole thing ... with debt scams becoming increasingly common among younger generations. The truth is that people [more...]
Date: 2009-01-16 00:24:21
Today In Budget Hell
With the Governor and the legislature still no closer on a special session solution on the budget, ... and debt service, the Capitol's budget paralysis may leave me no choice but to, in full or in part ... Stamps, WIC, Healthy Families, Medi-Cal, and CalWORKsfor assistance. Increased demand for public [more...]
Date: 2008-12-23 01:56:07
Bring Back Paternalism in the Mortgage Market
Not Responsible—Tom Jones Now let me ask you something: Have you ever felt that you weren’t responsible for the things that you do? I do not like government paternalism. When Ronald Reagan came to power and began our 25 year experiment with government deregulation, I thought it was a good idea [more...]
Date: 2009-01-12 15:43:03
Saving Citi and BofA while ending the crisis
As Citigroup Inc. desperately tries to right its ship, Bank of America Corp ... , thanks to the Fed. The problem is one of solvency: the equity markets simply don't believe that the banks' assets are worth more than their liabilities. I can't see a solution to this problem short [more...]
Date: 2009-01-15 19:55:23
5 Best and Worst Addictions to Cultivate During 2009
Sour economic times surface the uglier facets of human nature: Crime, penury, and addictions. We’ll all feel the need to soothe away the pain of collapse for the foreseeable future. Luckily, there are beneficial ways to play out pain-induced compulsions–and less productive ones [more...]
Date: 2008-12-29 12:51:15
News and Commentary
Children Heavily Represented Among 917 Dead, Say Officialsby Michael Jansen - Irish Times / Common DreamsHealth officials in Gaza said yesterday that the Palestinian death toll since Israel began its offensive against the Strip on December 27th had reached 917 and the number of wounded 4,100 [more...]
Date: 2009-01-14 08:42:00
January 10 2009: Hornswoggled Absquatulation
Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]
Date: 2009-01-10 16:28:00
1-15-2009 (Thu Afternoon) Fin. & Econ. Activity
General Motors Corp. cut its estimate for 2009 U.S. industrywide auto sales to 10 ... in additional capital from the Treasury Department’s Troubled Asset Relief Program, plus government ... 1970s, said Steven Meyerhardt, a spokesman at the Bureau of Public Debt in Washington. The early [more...]
Date: 2009-01-15 21:20:17
Better Hope the “Blame Bush” Part Works
Better Hope the “Blame Bush” Part Works Jennifer Rubin - 12.22.2008 - 12:48 PM Well, let’s give Alice Rivlin credit ... concrete results in areas such as providing mortgage relief or extending unemployment benefits ... a legacy of debt, transforming the biggest surpluses in history into the biggest deficits and affecting [more...]
Date: 2008-12-22 17:48:14
Credit Card Debt Can Be Avoided
Credit Card Debt Can Be Avoided January 15th, 2009 Subscribe To Our Feed Some people look at credit cards with an evil eye and they wouldn’t dare use a credit card for anything. In the past they may have had bad experiences with credit ... credit card use like the plague, or do you forget what color a dollar bill is because you charge [more...]
Date: 2009-01-15 12:58:29
Thoughts for a Thursday Morning
© Zoriah/www.zoriah.com The Twelve Editorial Rules for Middle East Reporting1) In the Middle East it is always the Arabs who attack first and always Israel that is defending themselves. This defense is called a reprisal. 2) The Arabs, Palestinian or Lebanese have no right to kill civilians. That is called “terrorism.” 3) [more...]
Date: 2009-01-15 15:06:00
LLC Bankruptcy - * What are your key turn around strategies
LLC Bankruptcy - * What are your key turn around strategies Restructuring business? How to turnaround your business and avoid bankruptcy ... certain there is no other choice. Anyhow, if your debt relief is significant, you must work with your Bookkeeper and debt representative to plan for any potential tax liability. In addition [more...]
Date: 2009-01-15 19:33:06
Jan 14 2009
Not being a stellar day, it nonetheless was much better. A few tight stops, and three sizeable wins, two on RIMM and one on ACOR. Still a lot of fear in the market though, so our commitment stays fleeting. Session Time: Wed Jan 14 00:00:00 2009 {nemo} Hah! woke up at 3:30 this morning. {Threei} Good morning {magoo} morning[ [more...]
Date: 2009-01-14 21:11:07
Bad Debt - Considered a Lost Cause
Bad Debt - Considered a Lost Cause Posted in January 15th, 2009 Category:Debt Relief A lot of companies and businesses often end up with bad debt. These companies regard the bad debt as a loss for all intents and purposes; to them it’s just a cost of doing business. From the accounting department’s point of view, this debt is in the accounts [more...]
Date: 2009-01-15 14:08:35
Who Gets to Spend Rest of Bail-Out (TARP)? Bush or Obama? Does It Matter?
by Daniel T. Zanoza, Executive Director It's almost like a bad joke. One day a leading Republican in the U.S. Senate put his foot down ... billion left over from the Troubled Assets Relief Program (TARP) money. If you're not familiar [more...]
Date: 2009-01-15 17:28:26
The Fed Gives Consumers an Early Christmas Present
Last week the Federal Reserve released some long awaited new credit card rules that will provide important new protections for consumers ... we could help consumers make better and more rational financial decisions without greatly inhibiting [more...]
Date: 2008-12-24 23:44:00
President Bush Doesn’t Care About Black People
Dec. 8, 2008: President George W. Bush kisses one of the children attending the Children’s Holiday Reception and Performance with first lady Laura Bush in the East Room of the White House in Washington, DC. The reception is for children whose parents are serving in the military and cannot be with them for the Christmas holiday [more...]
Date: 2009-01-14 08:47:09
The Untenability of Centrist Politics
If you need a good laugh these days, just read the Washington Post. David Ignatius'op-ed entitled Mr. Cool's Centrist Gamble is a case in point. It's true that if Obama attempts to govern as centrist he will find it to be political quicksand in the long run but Mr [more...]
Date: 2009-01-12 03:33:53
Notes on the crisis
I’m standin’ in the shadows with an aching heart I’m lookin’ at the world, tear itself apart — Bob Dylan, “Mississippi” Here Dylan has given us a brilliant summation of the condition of the simple citizen in the face of the economic crisis that exploded in our faces in mid-September, [more...]
Date: 2008-12-13 21:12:38
Non-Profit Debt Relief - A Respite For Customers
Non-Profit Debt Relief - A Respite For Customers Posted in January 15th, 2009 Category:Debt Relief Non-profit debt relief is not a difficult task. All you need to do is some research and find what is right for you. Generally by consolidation you assign a process under which several bad credit card debt loan, credit card debt etc. are dealt [more...]
Date: 2009-01-15 12:51:58
“The U.S. Just Isn't Going Anywhere Good”
With all the death and destruction in Palestine, it’s sometimes easy to forget that the North American economy is going down the toilet ... , if you invest in $300 billion worth of toxic debt, that’s the United States government’s problem.And [more...]
Date: 2009-01-15 00:38:00
McConnell Is Not Amused
McConnell Is Not Amused Jennifer Rubin - 12.19.2008 - 3:13 PM Sen ... of Troubled Assets Relief Program (TARP) funds for industry specific bailouts. And I do not support ... administration must uphold the requirement that the labor, health benefits and debt modifications [more...]
Date: 2008-12-19 20:13:13
Bailout in Lieu of Bankruptcy
A couple of months ago, I posted about the problem of debt overhang in the financial sector. The problem is a conflict of interest between debtholders and equityholders when the debt ... continues to be that "bailout in lieu of bankruptcy" substitutes a reduction in taxpayers' disposable [more...]
Date: 2009-01-14 14:25:34
Eliminate Debt - Top Tips to Get You Debt Free
Eliminate Debt - Top Tips to Get You Debt Free Posted in January 14th, 2009 Category: ... Debt Relief The past few years we have seen a great amount of borrowing with low interest rates ... cash. The bad side is that more people are in debt than ever before in history. We are now ... [more...]
Date: 2009-01-15 02:13:53
The World Bank and the Spread of the American Empire
The World Bank and the Spread of the American Empire By Dene McGriff I must confess to being a “cog” as in the “cog” in a machine. Did I know I was? Nope, but I have gradually come to see that I was a “cog” in the building of the American Global Empire. Please don’t get mad at me for my confessions, for I certainly didn’t realize it at the time [more...]
Date: 2009-01-15 06:31:10
The definition of insanity
First off, apologies for going AWOL; I’ve been without heat for six days — I was sincerely grateful for some this morning when the thermometer read ... , and then issued an … ummm … apology. Oopsie. Doesn’t care that the national debt has increased [more...]
Date: 2009-01-15 22:34:43
Bad Debt Loans: Quick Cash Relief With No Credit Check Posted…
Y9ou can get debt for bad credit as well now .These loans might be used for many purposes like consolidate your debt, meets your quick financial needs or more. No scanning require for your pervious credit score so very easy to obtain sort of loans online. Continue reading here: Bad Debt Loans: Quick Cash Relief With No Credit Check Posted… [more...]
Date: 2009-09-24 23:57:46
President-elect Obama’s Economic Speech
President-elect Obama’s Economic Speech Here’s highlights from the speech (full video here): Full text of the speech below: ↓ Show full post ↓ Remarks of President-Elect Barack Obama As Prepared for Delivery American Recovery and Reinvestment Thursday, January 8, 2009 Throughout America's history, [more...]
Date: 2009-01-08 02:14:29
The Great Depression 2.0
The Great Depression 2.0 Posted by brittgillette on January 15th, 2009 When people reflect on The Great Depression which gripped the global economy in the 1930’s, the idea conjures a number of poignant images. Bread and soup lines… Factory closings… Wall Street suicides… The dust bowl… Union riots… Not to [more...]
Date: 2009-01-15 15:06:12
Trepidation About Quantitative Easing, Version 2.0
The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... of agency debt and mortgage-backed securities to provide support to the mortgage and housing [more...]
Date: 2008-12-17 10:28:49
suspend the required minimum distribution (RMD) for 2009 (the Senate has since voted in support of this measure). Today I thought I’d spend a bit of time explaining exactly what the RMD is for those that aren’t familiar with the term. What is a Required Minimum Distribution? [more...]
Date: 2008-12-11 16:10:53
The Man Who Made Too Much: The Other Paulson
Portfolio.com’s February 2009 issue profiles John Paulson, the now legendary hedge fund manager whose record payday in 2007-’08 came as a result of doing what can only be described in its entirety as “shorting Subprime [more...]
Date: 2009-01-11 16:55:48
Words from the (investment) wise 12.15.08
Words from the (investment) wise for the week that was (December 8 - 12, 2008) Despite a litany of bleak economic and corporate news confronting investors during the past week, global stock markets digested the bearish fodder with a sense of aplomb. The MSCI World Index and the MSCI Emerging Markets Index gained 4.4% and 10 [more...]
Date: 2008-12-14 12:42:13
Breaking News and Political Commentary
Israeli Offensive Presses into Gaza CityBy Richard Boudreaux and Rusdi abu Alouf - Los Angeles TimesIn the heaviest fighting since the invasion began, troops and tanks hit the capital from three directions. Gaza City is shaken by shelling and helicopter missile fire [more...]
Date: 2009-01-12 13:18:00
Wolf Versus Pettis on US Stimulus, Fiscal Deficit (Not for the Fainthearted)
Martin Wolf has a very good comment in the Financial Times, "Why Obama’s plan is still inadequate and incomplete," ... 6) I argued that the debt-encumbered US private sector would now be forced to save .... The excess [more...]
Date: 2009-01-14 15:43:00
Views on the News - 1/10/2009
NO MORE BAILOUTS! – eventually we have to learn from our mistakes from the last bailout / stimulus package: ... had Congress approved this proposal than it quickly morphed into a program aimed at infusing capital [more...]
Date: 2009-01-12 01:09:14
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