1worldcurrency

Marc Faber: 'It Will All End in Disaster'

OK I guess the US doesn't really owe 11 trillion and counting, and the US consumer doesn't owe another 57 trillion.

How could that end in disaster?

Cramer Grilled on Jon Stewart

Someone had to. The mainstream "news" media was co-opted long ago.

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

According to Treasury Department statistics, JPM has a $90,000,000,000,000 (trillion) gross notional exposure to derivatives. One analyst said assuming no unusual circumstances, their net exposure is only several hundred billion.

We are experiences unusual circumstances, and this issue can not be ignored. We need immediate transparency regarding all this toxic paper.

The Toxic Assets Plan - Yes, It's a Subsidy

Yves Smith "Naked Capitalism" explains how easily this will be gamed.

Contemplating the Demise of Bank of America, Citi and JPMorgan

Where's that shill Tom Brown?
I told
you
so.

The Mark-to-Market Myth

Let them mark however they desire.
Let them pass the stress tests.
Fix too big to fail
Let them sink or swim.

Like we need these gamblers to lend us our tax money.

Federal Reserve, What Do You Have to Hide?

Thank you. This is an extremely serious issue. Confidence only returns with transparency.

But more importantly, US citizens have a Constitutional right, strengthened by FOIA, to know how their tax dollars are spent.

Book Review: 'Financial Reckoning Day' by William Bonner, with Addison Wiggin

The authors' more recent "Empire of Debt", together with "The Trillion Dollar Meltdown [now "The Two..."]" and Reggie Middleton's blog made me a ton of capital gains last year.

The Making of Goldman Sachs

Yes, GS managed to get 12,900 million taxpayer dollars to pay fat bonuses with almost no public outarfe.

Well done geniuses.

Harley Will Sputter Into 2009

Not to mention their bikes have a reputation for conspicuous consumption, or style over function.

Refinancing Boom Will Degrade MBS Quality Causing Yet More Bank Bailouts

Good luck, but Congress has been bought by the big financial companies.

Wells Fargo (WFC) reports it earned $3 billion, or 55 cents a share, in the first quarter - well ahead of market estimates. Revenue rose an estimated 16% to $20 billion. Futures jumping on the news.

OK pay back TARP NOW.

Congress: Shortsighted About Financials

Thanks GS for paying back TARP with AIG bailout money.

For Citi and JPM to say they're profitable when the real economy is in a downward spiral means only one thing:

The banks are looting the Treasury.

Will Lack of Accord on Stimulus Obscure Economic Lessons?

"When President Obama came to office, he pledged to focus governance on what works and not on ideology. This approach to government comes out clearly in his book, "The Audacity of Hope: Thoughts on Reclaiming the American Dream."

Unfortunately, this idealism is off to a rocky start..."

Unfortunately this article is off to a rocky start. Focusing on an ideology would be idealistic. Focusing on "what works" would be called pragmatic.
Pragmatism is not an ideology so much as a method.

A Viewer's Guide to Geithner's Speech

The idiot wants to revive the securitization of credit markets.

Keep the Ponzi going. Get the tax cheat out of there.