J. D. Swampfox

Will the Fed Finally Embrace Quantitative Easing Tonight?

The whole AIG bonus show is just that - an orchestrated show to distract from the real failure of the government to deal with the CDS's that caused us to be owners of AIG in the first place.

Insurors' Statutory Capital Declined by $32 Billion in 2008

Zerohedge says, "One hint to the true financial state of insurers is the recent applications by Hartford (HIG), Prudential (PRU) and MetLife (MET) to all obtain treasury capital infusions". Besides the banks, we may need $2-3 more trillion for the insurance industry too...pretty soon we will be talkin' 'bout some real money here...