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pacalvotan

pacalvotan
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  • Major product launch at Kellogg [View news story]
    THEY SHOULD CHECK THE INGREDIENTS IN JIFF.
    May 16 11:18 AM | Likes Like |Link to Comment
  • "We have an atomic bomb that we can use in the face of the Germans," says a parliamentary leader of Portugal's Socialist party, "simply that we won't pay ... We should make the legs of the German bankers tremble." His comments reflect the increasingly defiant attitudes of Europe's left (inside Germany as well) over the "demented" austerity policies imposed by Berlin.  [View news story]
    Once again the problem with socialists is that they sooner or later run out of other people's money.
    Dec 16 11:08 AM | 3 Likes Like |Link to Comment
  • Matt Taibbi rails at Mike Bloomberg's attempt to pin the prime-lending implosion on Congress: "Far from being dragged into poor neighborhoods and forced to give out home loans... companies like Countrywide and New Century charged into suburbs and exurbs from coast to coast with the enthusiasm of Rwandan machete mobs, looking to create as many loans as they could."  [View news story]
    Our current president pledged to get rid of lobbyist. We pay for statesmen and all we get are politicians.
    Nov 7 08:49 AM | 1 Like Like |Link to Comment
  • Matt Taibbi rails at Mike Bloomberg's attempt to pin the prime-lending implosion on Congress: "Far from being dragged into poor neighborhoods and forced to give out home loans... companies like Countrywide and New Century charged into suburbs and exurbs from coast to coast with the enthusiasm of Rwandan machete mobs, looking to create as many loans as they could."  [View news story]
    I do not know who this Matt Taibbi is but he has never read recent history. Because there is a great book on the demise of Lehman Bros that details how they loaded people from east LA on busses , took them to a first stage development area to a bunch of tables, had them sign their names and wala they had a mortgage. Before the unfortunates got back on the bus the mortgage was back in NY being repackaged into some form of an MBS.

    I remember Sheila Jackson Lee and Raines digging in the dirt with gold painted shovels and eltolling the virtues of home ownershio for everyone. I told my wife that this is the end.

    CONGRESS is to blame.They destroyed Glass Steigall,leaned on the lenders to loosen standards and finally took off the restrictions on derivatives. So who is to blame if not Congress? Certainly all lenders took advantage of what the Congress allowed which while not moral behavior it was not illegal.

    I hope everyone reading this remembers on election and VOTES THEM ALL OUT OF OFFICE. If we do not then who is the greater fool?
    Nov 6 08:52 AM | 6 Likes Like |Link to Comment
  • Politicians start to tee up Occupy Wall Street (live blog) as an election topic as the movement keeps its momentum building. While former Senator Russ Feingold says he is "excited" by the national anti-Wall Street displays, GOP candidate Herman Cain takes a different view and calls the protesters "jealous" of bankers. With today's rants honing in on abolishing the Fed, look for Ron Paul to be the next presidential hopeful to weigh in.  [View news story]
    ANYTHING TO DRAW ATTENTION AWAY FROM THEIR PATHETIC PERFORMANCE!
    Oct 10 12:26 PM | 1 Like Like |Link to Comment
  • It's just a one-time deal, says French finmin Francois Baroin, who does not expect the need for any more Dexia-type resuces. Baroin also does not believe the French guarantee of 36.5% of Dexia's €90B in liabilities will have an effect on his nation's AAA rating.  [View news story]
    MORE OSTRICHS.
    Oct 10 09:14 AM | Likes Like |Link to Comment
  • The Jobs Czar - also known as Jeffrey Immelt - appeared (previous) on 60 Minutes (video) to bang the drum for bringing manufacturing jobs back to the U.S.: "You know, with the currency weaker, with wage-rates inflation lower here than the rest of the world, we think the U.S. can be quite competitive."  [View news story]
    THEN WHY IS SEIMENS SAYING THAT THEY HAVE OPENINGS FOR SEVERAL THOUSAND JOBS HERE BUT THEY CANNOT FIND QUALIFIED WORKERS?
    Oct 10 09:12 AM | Likes Like |Link to Comment
  • TransCanada (TRP -3.1%) says it's on track to build a pipeline through Nebraska after releasing an impact statement utilizing input from 10 state and federal agencies. Not so fast, says nine Nobel laureates - including Desmond Tutu and the Dalai Lama - who criticized the pipeline in a letter sent off to President Obama this week.  [View news story]
    So now we take orders from two of the biggest non Americans on the planet.
    Sep 9 03:41 PM | 6 Likes Like |Link to Comment
  • Moody's Mark Zandi sees Obama's American Jobs Act adding 1.9M jobs and cutting unemployment by 1%, not far off an earlier estimate from Macroeconomic Advisers of 2.1M jobs by the end of 2013. Zandi says the plan would help in "stabilizing confidence, forestalling another recession, and jump-starting a self-sustaining economic expansion."  [View news story]
    I assume this bozo actually gets paid to promote too big to fail mentality. Here are a couple of quotes that I have posted on my monitor.

    John Maynard Keynes,
    "The Great Slump of 1930"

    “We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities for wealth may run to waste for a time—perhaps for a long time.”


    Liaquat Ahamed, "Lords of Finance: The Bankers Who Broke the World" quotes Sir Montagu Norman; Governor of the Bank of England about the Great Depression.

    "We achieved absolutely nothing, except that we collected a lot of money from a lot of poor devils and gave it to the four winds."

    .

    Apparently the politicians never learn, but we all sort of know that.
    Sep 9 03:06 PM | 4 Likes Like |Link to Comment
  • R.I.P. U.S. Postal Service: The $3.1B Q3 loss suffered at the USPS may be the least of its headaches after a number of online startups fire up to help consumers receive, organize and respond to digital mail from one secure location. InfoTrends calls the coming onslaught of high-tech mail alternatives a "potential game-changer." Names to  track in the space: Zumbox, Doxo and Manilla.  [View news story]
    What i do not understand is why the USPS has not gotten on the electronic band wagon a long time ago. Maybe bills delivered electronically instead of paper. I certainly hate to see the wasted paper every day.
    Sep 9 02:55 PM | 1 Like Like |Link to Comment
  • The FDIC files a lawsuit against former execs at First National Bank of Arizona for promoting risky mortgage loans that led to the bank's ultimate demise. The regulator has authorized lawsuits against 266 bankers, a number that could increase dramatically given today's news stems from a bank failure dating back in 2008.  [View news story]
    What wonderful irony. First the gov encourages everyone and everything to do everything to put everyone into a home. No matter whether they can afford one or not. Then every one complys. Then it all goes to rat s---t. Now every one wants someone else to pay.

    Our illustrous gov in action.

    Liaquat Ahamed, "Lords of Finance: The Bankers Who Broke the World" quotes Sir Montagu Norman; Governor of the Bank of England about the Great Depression.

    "We achieved absolutely nothing, except that we collected a lot of money from a lot of poor devils and gave it to the four winds."

    John Maynard Keynes,
    The Great Slump of 1930

    “We have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities for wealth may run to waste for a time—perhaps for a long time.”

    It is De`vu all over again.

    Apparently Bernanke never bothered to study the words of those who went through it.
    Aug 24 03:53 PM | 1 Like Like |Link to Comment
  • A new low of 26% of Americans approve of Pres. Obama's handling of the economy, according to the latest Gallup poll, down 11 points since May and well below his previous low of 35% in Nov. 2010. Obama earns similarly low approval for his handling of the federal budget deficit (24%) and creating jobs (29%).  [View news story]
    The problem is that they are terminally stupid. They simply perpetuate the "Law of Unintended Consequences". Since we will never know the other side of the coin we will continue on this this ruinous venture forever.

    The very best thing to have done is NOTHING.
    Aug 19 11:47 AM | 3 Likes Like |Link to Comment
  • The Obama administration finds itself stuck in the middle of the foreclosure market supply glut with 92K houses it looks to unload. Their solution? FHFA, Treasury and HUD want investors - large and small - to send in ideas on how to unload the properties. (.pdf)  [View news story]
    What a imbecilic request. I shows a profound lack of understanding of markets. These people are totally out of touch.

    The solution is so simple. If you really want to unload the invento!, then all you have to do is lower the price to a level that buyers will accept! DUH!
    Aug 10 01:00 PM | 2 Likes Like |Link to Comment
  • President Obama will make an unscheduled statement at 1:00 PM Eastern according to the White House.  [View news story]
    Here is the best description of the way the government thinks.

    "Well we were going to buy a Lamborghini, but we are going to cut spending by buying a Mercedes instead. See how much money we saved! Even though we can only afford a horse."
    Aug 8 11:36 AM | 1 Like Like |Link to Comment
  • UBS analyst Art Cashin says high frequency trading contributed to the market's steep drop, triggered by a breach of key technical levels. If Cashin's hypothesis is correct, computers - not investors - are behind the downswing and evokes memories of the 900-point flash crash on May 6, 2010 that continues to haunt regulators.  [View news story]
    Gee, and who exactly programed the computers????
    Aug 3 03:05 PM | 1 Like Like |Link to Comment
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31 Comments
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