pedroperez

The Madoff Magnum Opus

Is there any "crook of the year" award?

How Treasury Created the Crisis: An Interview with Jeff Saut

Bernanke and Paulson were not prepared to handle their jobs.

In term of damage, they have been the biggest global wealth destroyers.

While de economy was already in recession, Bernanke was fighting inflation.

This two persons really ruined our country and almost the rest of the world.

Is America on a Downward Slope?

No matter the amount of money that we invest in this rescue operation it will only be wasted money. Our economy was hit by a lot of wrong decision taken by our governments and we are paying the price now. Nobody lost more than us in this movie call globalization because what we did was to share our wealth with the rest of the world. We opened our market and we exported our manufacturing facilities. Now we have to rewrite a new economy based in what is left and it is going to take a lot of time no matter the amount of money that we invest. Our economy is not in recession; it just looking for a new way.

Obama's 2.5 Million Job Stimulus: We Need a Scalpel, Not a Shotgun

our economy from now on has to prepare to function with a higher unemployment figure. We are going to a new economy more on the european type. Be prepare to live with higher unemployment figure as a common matter.

Job Losses: Not Bottoming Yet

Calling this economic cycle a recession is a terrible mistake.

This cycle is our economy passing thru an structural change.

Our economy not only lost almost two millions jobs; worst, it did not created two millions jobs that were the normal figure. So, we have already lost four millions jobs. So, if the new government is going to created 2.5 millions jobs in two years with all the new projects that is less than the normal quantity without any additional help.

The Rules on Buybacks Ought to Be Changed for Citigroup

Mr. Paulson and Mr. Bernanke are not capable of solving any problem not matter how small it could be. There is not brains in ther heads only vanilla yogurt.

Citigroup: The End Draws Near

The problem with our financial industry is that Mr. Paulson and Mr. Bernanke can not make one right decision. When they started to work with the problem, the problem was a flu, but like a miracle they created a cancer. This duo are the best Global Wealth Destroyer. In one thing we have to agree: with 300 million persons in our country the President could not make a worst selection.

Will Citigroup Regain Its Lost Luster?

Citi is not laying off 53000. Half will be transfers in companies that will be sold. Like always, wrong way to give news.

Parsons Is a Poor Candidate for Chairman of Citigroup

Mr. Parsons was a waste of time and money for Time Warner sharesholders. According to Citigroup last years records, this could be the perfect candidate.

Merrill Brokers' Pending Exodus Likely Exaggerated

this is not a done deal yet. wait for the bac shareholders vote.

Financial Crisis: Not Hitting Brokers

I do not know one BAC shareholder that approves this deal. Do you know one?

This Isn't a Bottom, It's a Disturbance in The Force

the first step to go out of this crisis is to give a golden parachute to Bernanke and Paulson. Bernanke spent his first months in his position looking only at inflation numbers while the economy was falling apart. Probably he is a very good teacher but this crisis is 80% Bernanke made.
See the problems come and you will be a leader. He is no leader.

Wells Fargo Swoops in on Wachovia: Days of 'Something-for-Nothing' Likely Over

The government intervention in Wamu and Wachovia cases only show how inept people on high positions react when they are in panic and lack the experience to work out this situations.

Paulson and Bernanke: A Conspiracy of Dunces

Now you may closed the book on Wachovia.

Paulson and Bernanke: A Conspiracy of Dunces

do not closed the books yet on WAMU and WB. I think that some lawyer will find a weak point in this deals.