PainfullyAware

Wall Street Breakfast: Must-Know News

Taxing the financial sector down to size. : Heavily Taxing Profits From Nefarious Action Will Do Nothing But "Change" The Way Monies Are Accounted. How About This For A Novel Plan - Separate The "Casinos From The Holds", Nothing Allowed "Off Balance Sheet, And Enforce The Regulations.

Looser rules for bank buyouts.: Actual Capital, not created by the "Magic Money Fountain" is scarce. The FDIC is beginning to realize this.

Fed asks for disclosure delay. : The Lawyer Dance Continues. This is tenuous; the charade will continue indefinitely unless there is transparency and accountability. I understand that the Fed is "Private" but isn't the TARP funds "Our Money"?

Wall Street Breakfast: Must-Know News

Another Tidbit Of Information That Is Relevant Yet Not Widely Reported:

Congress is Urged to Add Bankruptcy Judgeships in the Face of Near-Record Case Levels
www.uscourts.gov/Press...

"Weighted filings per authorized judgeship also have seen significant increases. From 2006 to 2007, the national average weighted filings per authorized judgeship increased 16 percent and from 2007 to 2008, the average increased a further 27 percent. As of the end of March 2009, the national average weighted filings per authorized judgeship stood nearly 60 percent higher than the first year following BAPCPA."


I am sure the Record for Bankruptcy filings will be surpassed by December. Not Going Over The Cliff "As Fast" Is Still Going Over The Cliff.

Safety Is A Function Of Awareness.