ain't no fortunate son

Financials and Housing: The Outlook Remains Ugly

Great article!

denial ain't just a river in Egypt...

Corporate Fraud + Government Intervention = Bailout Nation

The manipulation, meddling and intervention in our capital markets by FED. SEC and Treasury, all performed to bail out their pals, will possibly calm the sheep in the short term, but ultimately it will just cover a festering wound that will cripple this country and very possibly the world economies.

The hundreds of billions of dollars of discount window borrowings rewarded to the investment bankers since the Jan/March meltdowns has not gone to ease the liquidity crisis, it has simply gone to creating the biggest day traders on the street... what the IB's don't trade, they lend to the hedge funds they spawned over the past 10 years to trade, and now we see huge volatility that is nothing more than the IB's and hedges jacking futures and stocks in either direction in a concerted effort to make trading profits.

Mortgage rates are higher now than they were a year ago despite the Fed's rate cuts, commercial bank borrowings at the discount window are rising rapidly, and still the culprits dance!

Tick tick tick...

Dinallo Comes Down on Monoline Bears

Fact of the matter is, nearly all of the "rumors" about the health of the financials have proven to be true, and often things are worse than even the rumors suggest. So, we have an administration, a political party, and a bunch of regulators all in bed with the financials and the hedge funds they spawned to do their dirty work away from the eyes of the regulators, and an election coming up... easily the most important election of a generation.. can you say manipulation???