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  • California AG Kamala Harris joins NY's Eric Schneiderman in breaking from the combined 50 state investigation into mortgage fraud at the largest banks. The move is a further blow to the banks who hoped to sweep everything under the rug by reaching a mass settlement before any investigation had taken place.  [View news story]
    Hang. Them. All.
    May 23 03:41 PM | 1 Like Like |Link to Comment
  • "I don't think the policymakers know what the consequences are of what they're doing," says Mohamed El-Erian. He believes the Fed calling elevated prices "transitory" is a mistake because it removes the fear of tighter policy from the market.  [View news story]
    I'm willing to bet the policy makers DO know the consequences of their actions and have just said "the hell with the little people". All a part of Obarry's plan to transform America.
    May 13 03:22 PM | 1 Like Like |Link to Comment
  • Momentum is building toward Lloyd Blankfein's ouster as Goldman Sachs (GS -1.6%) CEO, industry players suggest, to help repair the bank’s negative image and appease regulators. “If the Justice Department acts upon recommendations by Congress, there’s no way that Blankfein will be able to stay," says Dick Bove, who downgraded Goldman's stock yesterday.  [View news story]
    Ouster should equal public flogging followed by his public hanging. Then, do the same to Holder!
    May 13 03:16 PM | 2 Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    I guess blondes do have more dumb.
    May 9 03:19 PM | 3 Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    True.

    Though it would be nice if SA could somehow put Krugman and his pals at the small table where the adults can keep on eye on them but not let them disturb (too much) the conversations among the grown ups.
    May 9 03:17 PM | Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    It gets harder and harder to view SA as any sort of serious information source when they continue to report on the lunatic ramblings of the Krugman's in the world.
    May 9 11:23 AM | 5 Likes Like |Link to Comment
  • The U.S. will hit the debt ceiling May 16, with Aug. 2 marking the ultimate deadline, and emergency measures to avoid a crisis begin this week, Geithner says in a letter to Congress: "Any attempt by either party to use the full faith and credit of the United States as a bargaining chip to advance partisan policy agendas would be irresponsible."  [View news story]
    Turbo tax Timmy talking about responsibility and debt ceilings is akin to Farrakhan preaching tolerance and respect for the Jews.
    May 2 04:16 PM | 3 Likes Like |Link to Comment
  • It hardly matters what Geithner says when seven out of every 10 voters say they oppose raising the debt ceiling, Stan Collender writes. "This almost certainly means that most representatives and senators will need to vote against a debt ceiling bill at least once so that they have something on the record showing their constituents that they were with them."  [View news story]
    If they really want to show us they're with us, an affirmative vote on articles of impeachment of the POTUS would do it nicely. Or a jointly signed letter from both houses strongly urging him to resign ASAP.
    Apr 20 06:37 PM | 17 Likes Like |Link to Comment
  • The Obama administration privately urged S&P for weeks not to lower its outlook on U.S. debt, the Washington Post reports. S&P analysts told Treasury officials last Friday that they were unmoved by arguments that the debt was manageable and Obama had a viable plan in the works.  [View news story]
    Obama. Viable plan.

    Three words that just don't go together.
    Apr 20 03:04 PM | 10 Likes Like |Link to Comment
  • Chief S&P economist David Wyss has no expectation for the U.S. to default on its debt since it can issue its own currency. The issue is what those dollars are worth when the bondholder gets repaid. "The US will pay its debts. We just aren't sure how."  [View news story]
    "We just aren't sure how."

    With Clownbux!
    Apr 20 01:02 PM | 4 Likes Like |Link to Comment
  • As the government lurches toward a shutdown, David Stockman says "Bring it on... it’s the wakeup call that we really needed. The fools inside the Beltway are borrowing $100B month in and month out, and there’s nobody left in the world buying except the central banks... There’s no way that’s sustainable or viable."  [View news story]
    3 thumbs down...Barry, Nancy and Harry - is that you guys? Don't you have some budget cutting to do? Resumes to update? Taxpayers to fleece?
    Apr 8 07:42 PM | 7 Likes Like |Link to Comment
  • As the government lurches toward a shutdown, David Stockman says "Bring it on... it’s the wakeup call that we really needed. The fools inside the Beltway are borrowing $100B month in and month out, and there’s nobody left in the world buying except the central banks... There’s no way that’s sustainable or viable."  [View news story]
    Shut it down, turn off the lights and throw away the key! Time to go back to a government our founders would recognize, not this bastardization of it we now labor under. Now that's change to believe in!
    Apr 8 06:46 PM | 26 Likes Like |Link to Comment
  • You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails."  [View news story]
    Looks like I caught me 13 trolls. No bag limit I guess.
    Apr 3 02:00 AM | 4 Likes Like |Link to Comment
  • You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails."  [View news story]
    Weeded out the "deadwood" or just canned those with experience who made "too much" and used them as a silent example to those left to either work their fannies off, forget about anything called a "life" and hope we don't axe you next time around? There's being lean and mean, and then there's what we have right now which is far beyond that and, for the unemployed, frankly, sucks.
    Apr 1 08:11 PM | 10 Likes Like |Link to Comment
  • You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails."  [View news story]
    What's a paycheck?
    Apr 1 08:05 PM | 5 Likes Like |Link to Comment
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