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  • The Can-Kicking Bank Bailout [View article]
    It looks more like it is really the U.S. that is bailing the European banks out. And by "U.S." that pretty much means U.S. taxpayers.

    By the way, are those European bankers going to get really big bonusses just like ours did?
    Sep 15, 2011. 02:15 PM | 2 Likes Like |Link to Comment
  • An EU official says Treasury Sec. Geithner - planning to attend Friday's EU finmin meeting - will likely urge Germany to give up its resistance to increasing the size of the bailout fund. He is also expected to "tap the Greek finmin on the shoulder," to remind him of Greece's responsibility.  [View news story]
    Geithner's trip is just market-pumping BS. The Greeks don't have the resources to solve the problem. They could sell the whole country and would still be under water.
    Sep 13, 2011. 12:16 PM | 1 Like Like |Link to Comment
  • FHFA Friday: Potential Lawsuit Tanks Banks [View article]
    "What was the point of spending trillions of dollars bailing out the banks if you are going to turn around and sue them for $30Bn and drop their stock price another trillion, causing them to need another bailout? "

    Wrong question. Sunken "costs" for a corrupt system.

    Maybe, finally, we are going to see some action based on Justice and Fairness. Maybe.
    Sep 2, 2011. 01:12 PM | 2 Likes Like |Link to Comment
  • The Dual-Taxation Meme [View article]
    Exactly. You have isolated the truth hidden by the verbiage of those with vested interests in continuing their advantage(s).
    Aug 17, 2011. 02:23 PM | Likes Like |Link to Comment
  • Does Alan Greenspan Finally Get It? [View article]
    Failure to control supply (i.e. creating however much money the U.S. desires) is failure to conserve value.

    The U.S. won't run out of toilet paper either.
    Aug 10, 2011. 07:42 PM | Likes Like |Link to Comment
  • It's Time to Abandon the United States [View article]
    "What was horrific was to see what appeared to be an utter lack of party discipline.

    This occurred on both sides of the aisle but was without a doubt more prominent on the Republican side. There was a palpable sense that GOP freshman simply would not do as they were told."

    I bet you miss the former Soviet Union.
    Aug 7, 2011. 01:41 PM | Likes Like |Link to Comment
  • R.I.P. Deflation [View article]
    "The services part of the overall cost structure will ultimately need to rise up to meet (at least reasonably) the actual rate of inflation, and the cost of living, or there will be a whole new set of social and economic troubles worse than the current 9.2% unemployment would entail. "

    Well get ready for that then. Wages are going down, not up, for most of us.
    Jul 17, 2011. 06:08 PM | Likes Like |Link to Comment
  • Think 2008 Was Bad? You Ain't Seen Nothin' Yet [View article]
    I'm glad NATO won't be bombing us.
    Jul 12, 2011. 01:22 PM | 4 Likes Like |Link to Comment
  • Raising the Debt Ceiling and the Psychology of Bond Investors [View article]
    Your analysis does show that this does play into the GOP hand. But if the GOP actually does go for the double-win it will probably be "game-on" with (a specious argument relying on) the 14th Amendment. In that case the House would need to play some real "hardball".

    Do those guys have the chops for this?
    Jul 7, 2011. 09:36 PM | Likes Like |Link to Comment
  • On the defensive since recent revelations of GE's extensive efforts to reduce its tax bill, Jeff Immelt says the company's taxes should increase in 2011 as it continues to recover and rebuild profits. But GE is hardly the only firm looking to game the system - and the system is too easily gamed.  [View news story]
    Right. He's only going to take a $4 Billion credit. Nice Guy.
    Mar 31, 2011. 11:34 PM | Likes Like |Link to Comment
  • AIG (AIG) offers the NY Fed $15.7B for Maiden Lane II - a company the Fed created to rescue some of AIG's mortgage-backed bonds and stem its cash bleed. If accepted, the deal would reduce the taxpayer price-tag for AIG's rescue to $72B, and the Fed would log a $1.5B profit on Maiden Lane II.  [View news story]
    AIG comes out 1.5 Billion ahead. How can I get the Fed to give me 1.5 Billion?

    Doesn't that seem unlikely? Why is AIG's offer not just laughed out of the room--at the same time their executives are handcuffed and walked out to jail?
    Mar 10, 2011. 07:03 PM | 7 Likes Like |Link to Comment
  • Why QE2 Will Backfire [View article]
    "Bernanke would be forced by [...] the public to back off..."
    Don't I wish. The public has no power at all. Even the elected politicians ignore them immediately after swearing in to office. NO. The public is simply a "consumption/tax generating/(sucker) investment generator" which Wall Street and the Government try to run at higher and higher speed.
    Nov 9, 2010. 11:41 AM | 2 Likes Like |Link to Comment
  • Bank of America's (BAC -4.9%) head of home lending says outside estimates of costs stemming from delays in foreclosures are “grossly distorted," with fewer than 30,000 sales likely to be affected. BofA, which handles billing and collection for 1.4M home loans, says it believes that industry practices in transferring home loans to securitization trusts are valid.  [View news story]
    So that's only 30,000 cases of grand larceny and/or fraud? Facilitated by the B of A organization? How does that RICO Act work again?
    Oct 18, 2010. 01:09 AM | Likes Like |Link to Comment
  • U.S. Housing Is 10% Below Fundamental: Could Drop 10% More [View article]
    What is the value of C?
    Aug 18, 2010. 09:04 PM | Likes Like |Link to Comment
  • Unraveling Market Manipulations With Mencken [View article]
    Apr 8, 2010. 12:27 PM | 2 Likes Like |Link to Comment