darkmink

Is it the Taxpayer's Job to Bail Out the Banks?

When The FED was set up in 1913, the bill was signed by President Wilson who later said it was his biggest mistake.
The Fed was given a funding method that made it independent of Congress; they still are because they can create deposits.
In the old days The FED printed a Federal Reserve Bond and a messenger delivered it to a Ferderal reserve bank. BUT now deposits of electronis funds are made by computer. NOW get this: if some or all the funds are used to buy Treasuries the FED gets to keep the interest earned!!!! Hold on there is more, when the FED was set up it was funded by twelve banks. Those banks or surviving banks still own the FED.
Inflation, almost no interest bank accounts, regulations that favors the banks, and now since the law was changed, so
that banks and brokers can be one. HELL the FED has been puting it's owners first since 1913. It is a private company
always has been.

Speechless on Core CPI

Lets not forget that the Republican Congress NEVER had a filibuster proof majority and the Democrats used that blocking power to
obstruct, prevent or delay "advise and consent" for a record number of Directors, Secretaries and judges at all levels. The President's pending FBI chief was not approved until a week before 9/11/2001. The Democrat Party with a liberal media turned the concept of a loyal opposition (loyal to the Country) to obstruct,
defame, attack all levels of government without regard to the Country.

Filibuster, the use or the threat, went into every buget bill then as now; every Senator gets a pay off and to Hell with taxpayers. MR
Ritholtz your designated "independent" status does not ring true:
One Republican Senator pleading guilty to inaproprite behavior hardly points to Republican Party involvement. The Party has not defended him the way the Democrat party and the controling
liberal media defend and hide the many signs of moral and criminal debauchery evident in the Democrat Party.

As for the survey on public trust, put my trust at Zero, Nada, Zip.
Put the blame on a K-12 education system that is totaly broken.
Here in WA it is controled at all levels by the WEA (teacher's union).
Thier funds from manditory dues elect control from the Govenors
Office and the State Supreme Court to any school board they want to target. Their lowet priority is educated students. Their highest priority is power and monitary inrichment

So long as we have ignorent voters; persons who actually believe that CRAP seen and heard on TV, and published by the NY Times,
Seattle Times, etc the Government, Federal, State and local will operate to benifit elected officials and their major contibuters with little to no regard for the wellfare of the Country.

Fraud Findings: Deloitte & Touche's Top Ten

Great, do you suppose the Deloitte Froensic Center can tell us
why the SEC continues to let DELL go, now for more than a year,
without submitting a balance statement of any kind you know with
information about receivables, inventory, cash etc or a cetified earnings report.

RIM Surges Ahead Of Motorola In Market Value

WOW, I imagine insiders at RIMM are selling big time.
Does anyone know how to get prompt insider trading
information on a Canadian company??

June Payrolls In Line; April, May Get Big Upward Revisions

Check out the Birth/Death computer generated jobs
added to bring the negative counts in April, May, June positive.
www.bls.gov/web/cesbd....

Research In Motion Moves Up 20% As Outlook Amazes Investors

Market reaction led by cheer leading analyst is unrasonable given that:
The earnings reported for the first quarter would have been significantly
lower than the preceeding quarter except for a special credit, $52 million,
recovered from their defered tax fund. And the increase in receivables in
the reported quarter and preceding quarters smells of channel stuffing.
As for the CEO hype that is possible because of their legal disclamer
stating we are not responsible for any future statements.