update

Penn West: Distribution at Risk

It is hardly news that Penn West will lower it's dividend. We are entering the two year period of absolute maximum pain in this great depression so naturally oil will plummet along with the rest of the market when the bear market bounce on manipulated short squeezing is concluded.

China is going to implode very badly and this will be part of why oil drops, but at the end of the day it will be the complete lack of a world economy that depresses oil prices from here.

Enough with the Buffett Critics

Buffett is liberal scum.

Just How Important Is GE Capital?

GE is a vile company. They came up with designed obsolesence in the old days so their products would intentionally break down after just a few years. It is easy to make light bulbs that last FOREVER but that would not be a scam now would it?

Jack Welch led the cause for the disposable worker, age discrimination and the crooked earnings report, balanced to the penny every single quarter. For which they will pay an SEC slap on the wrist fine.

They use NBC as a liberal propoganda machine.

They survived in disgrace due to multiple government bailouts, most of which were hidden from the GE controlled media and done behind the scenes with free loans. Of course we saw the biggest part of the taxpayer rip off in broad daylight with the infamous bank holding company snowjob.

So now this dog that sucks off the government largesse will inflict upon us the BIGGEST SCAM OF ALL TIME, the Green scam with voodoo Tax and Cap and imaginary alternative energy, all funded by the TAXPAYER (government socialists).

Yeah GE is green, look what a bang up job they did polluting the Hudson River. Another slap on the wrist.

SEC Finally Exposes GE's Tricks for Beating Estimates

TheRusty:

It is well known in investment circles that GE is the original scoundrel when it comes to a lot of things, including cooking their books for over a decade.

Believe it.

Small-Car Inventory Shrinkage Bodes Well for New Production

How is it good news that we wasted a 100 billion taxpayer dollars to prop up Gm and Chrysler after which the taxpayer now needs to buy cars on behalf of the high credit well heeled yuppie taxpayers that wanted their new Hyundai?

You have a warped sense of good news.

Online TV, Movie Streaming Accelerates in U.S.

I watched 'Chuck' on Hulu for free. It is better than having to wait for the DVD to come out but not like a big screen tv experience of course.

HAMP Is Pretty Much a Failure

Thank god this stupid taxpayer rip-off failed.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

People are confusing the big banks with the blood thirsty vampire holding companies. Yes the Goldmans and JP morgans of the world deserve to fail immediately, like today, unless they can pay back all the hidden graft and special deals of the bailout which was designed to benefit them illegally.

The real banks themselves however were victims of Barney Frank, Chris Dodd, Charles Schumer and Congress to a large degree. The democrats traded toxic loans for votes for a number of years.

Many banks were then forced by Paulson, republican, of Goldman Sachs (weeks after receiving his $500 million golden parachute) to participate in the TARP against their will to protect a couple of large banks, and illegally a bunch of fantasy holding banks.

So yeah tax cheat Timmy is of course cursing at the wrong people, but in reality it is up to the American people to remove these clowns in our government from both failed political parties.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

When you have a hard Chicago thug in the white house, this stuff happens.

SEC Rewards GE Accounting Fraud

We all know GE is a bad company and terrible drain on our society.

These clowns invented 'designed obsolesence' in the 50s, a model which GM amoung others would also adopt, selling products intentionally meant to fail at a specific later date.

Jack Welch invented and perfected the 'disposable worker' as a fancy way to discriminate against experienced higher paid workers and cut pension costs. That is when he was not busy cheating on his wife and writing books.

Another fancy GE innovation was the perfectly cooked books. Quarter after Quarter, year after year GE earnings matched their estimates TO THE PENNY no matter who needed to be laid off or what books needed to be falsified. That is in fact what this latest crime is about.

Then there is the massive enviromental damage that GE has ravaged upon this country, like the Hudson River fiasco.

Then lets talk about the bailouts that our socialist government forked over to GE, an endless pit of taxpayer money being shoveled into the worthless toxic asset pit we call GE. And most of that pork bailout money is funnelled through hidden and clearly illegal channels (GE as a bank holding company???), like FED 'no interest' loans which they do not deserve.

So GE controls the liberal media with their meat puppets at NBC and CNBC and they get their socialist dictator in office and all is good, right? Because now GE can pull the GREEN SCAM which we all know is the single largest rip off of man kind. The broke taxpayer can't wait to fork the pork over to GE one more time in the form of Green this and Green that.

This company stinks to the core and went bankrupt over a year ago according to their toxic asset holdings to equity ratio.

Unemployment - Worse than Advertised

Thanks Moses Kim. Very true!

The Stock Market Is Not a Leading Indicator

Moses Kim, keep spreading the truth my friend. It really is all we can do and realize that the clueless pinheads that have proclaimed a bottom based on utter fantasy will be viciously wiped out along with anybody else who actually tries to buy and hold this market.

We are at the beginning of the two year maximum pain just like the first depression. This is when the smart people hold cash and the pinheads lose their shirts.

I think this bear market rally is still capable of rallying for a while however because we know that the Fed bought all those stock shares on the taxpayer dime which they lent to us (isn't that weird).

The actual 'money on the sidelines' that supposedly poured into the market was a total of $400 billion. That is a small fraction of the money that has been sqaundered directly by our government to buy stocks through the Fed and Treasury. When they are not too busy buying up each other's debts of course.

First CMBS TALF Operation: Too Little, Too Late

Well this just won't do, after all some pinhead bloggers here insist that Great Depression 2 is off the table....

Yet we are actually entering the two year stretch of maximum ungodly pain for this generation of people on earth. Hopefully war is not the solution.

Amazing how this follows the path of the first Great Depression including the drawn out illusion of 'green shoots' to placate the unintelligent public.

Look at all the famous quotes from Depression 1.0 and all the seemingly intelligent pinheads in the media thought everything was cured before the real bad drop ever even started.

Mutual Fund Flows Keep High Yield Issuers Alive - For Now

Great Depression two has barely begun. We have just entered the two year stretch of maximum pain that our generation will ever experience.

You green shoot fantasy pinheads are irrelevant but keep on blabbing if it makes you feel good about this shell game.

July ISM Shows Continuing Improvement

How is a contraction an improvement? Last time I checked a contraction is a CONTRACTION as in the numbers are worse overall than a month ago.

Or is this some ridiculous 2nd derivative 'slope of hope'?