athena

Geithner to Blame for Outrageous Goldman Bonuses

good morning!


On Oct 21 08:22 AM prairiedog555 wrote:

> You know I knew the Obama administration was far left leaning, but
> at least I figured that they would come down on a Socialist's arch
> enemy, Wall Street. (as well as the drug companies)
> But I guess what they really are is crooked Chicago politicians who
> will lie down with anybody that they need.

The Dow: Ominous Parallels to the 1929-1930 Era

Look at the nasdaq chart from 1995 to 2005.
Now that is an eerie parallel to 1929 of a true collapse.

Swaps Dealers Face the Clearinghouse

Last I heard, the clearing houses were afraid of these. Who will really protect them in the future from liability? Us?

Bank Bailout Comedy: Four Clips from Colbert

Very funny. Say goodbye to liberty, we are forced to pay for contracts created by fraud. We are forced to pay for bad bets made by their counterparties. The creators of these contracts get new jobs,and bonuses and we get the bill.

Perhaps Congress Bears As Much Blame for This Mess As Wall Street

Perhaps????

Exchanges Propose Weakened Uptick Rule

The short sellers have taken over the markets. It is a very big business, the largest hedge firms do this routinely to make money.
The naked short selling, the manipulation will not stop as long as it is profitable.

Financials Watch: AIG Brouhaha Distracts from Other Improprieties

Of course they have to bail out the hedge funds. Where do you think these guys have their own money invested? Trust me when the general public finds out about these sweetheart deals, and they will,
the AIG bonus outcry will look like the joke that it is.

Proceeding with Nationalization: Where to Begin

Such a sad day indeed. No one yet has seen the implications. We have become a banana republic. Without the bananas.

CDS Demonization Watch, Gretchen Morgenson Edition

Ban these BS contracts-- they are side bets and hidden. If they were EVER priced correctly they wouldn't get sold. No collateral? Infinite leverage? Pure market manipulation and theft. Ban this crap now --they have destroyed us.