Mr Young should really just look at the charts before blathering on.
I think he works for the Fed.
TBT has been one of the safest and most predictable vehicles out there regardless of the Bernanke buying binge.
The last couple of weeks have shown that the Fed's QE program (the last arrow in Ben's quiver) has barely held prices up in the face of all the new supply. Besides, Bernanke is targeting mortgages and any Fed buying affecting long bond yields is very limited and temporary.
The answer to your stupid question is Ms Howell, as a staff lawyer was very likely responsible for SEC compliance and also very likely responsible for getting the executive compensation issues onto the board meeting agenda and into the minutes. This was a problem that needed fixing and it seems very plausible to me that she took these steps on her own inititiative because it was her job to do it in the first place. Unfortunatley her attempt to "ammend" the minutes and fix her mistake didn't work but she should have lost her job anyway for the original oversight. Fortunately for Ms Howell she got paid very handsomely. I wouldn't feel too sorry for her.
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I think he works for the Fed.
TBT has been one of the safest and most predictable vehicles out there regardless of the Bernanke buying binge.
The last couple of weeks have shown that the Fed's QE program (the last arrow in Ben's quiver) has barely held prices up in the face of all the new supply. Besides, Bernanke is targeting mortgages and any Fed buying affecting long bond yields is very limited and temporary.
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Whalen is apparently very naive and definitely a sanctimonious IDIOT who should have his computer taken away from him.