Send Message
View as an RSS Feed
  • Private Employment Continues to Improve  [View article]
    Mar 30, 2011. 01:17 PM | Likes Like |Link to Comment
  • The FDIC votes for new exemptions on "skin in the game" Dodd-Frank rules for mortgage securities - where banks will have to hold at least 5% of the securities on their books, except for those containing loans with a 20% down payment, or sold to Frannie (FNMA.OB, FMCC.OB) - GSEs that already have conservative requirements. Bankers are pleased and hope for an MBS boost.   [View news story]
    Dodd-Frank belong in jail.
    Mar 29, 2011. 12:20 PM | 2 Likes Like |Link to Comment
  • Tipped off by state media that soap and detergent prices are expected to rise sharply, Chinese consumers strip supermarket shelves of the products. Rumors hit that Ben Bernanke, noting the volatility in soap prices, urges the PBOC to remove it from 'core' CPI calculations.   [View news story]
    When did Ben start using soap.
    Mar 29, 2011. 10:29 AM | Likes Like |Link to Comment
  • Tomorrow, the Supreme Court will hear opening arguments on complaints from more than 1M former female Wal-Mart (WMT) employees claiming unfair discrimination in promotions and pay. A legitimate case that deserves to go to trial, or "the tip of the iceberg" that could bury U.S. companies in abusive class-action lawsuits?   [View news story]
    They should be lucky they got a job.
    Mar 28, 2011. 08:26 PM | 4 Likes Like |Link to Comment
  • Chicago Fed chief (and FOMC policy voter) Charles Evans doesn't see as many needs for a third round of quantitative easing, and now thinks the jobless rate will fall not just to 8% by 2012's end, but to 7.5%. But he still wants an accommodative stance and disagrees "completely" that Fed policies are "dangerous."   [View news story]
    More lies from the Fed.
    Mar 25, 2011. 12:03 PM | 2 Likes Like |Link to Comment
  • A piece of drill pipe trapped inside the Deepwater Horizon's blowout preventer enabled last year's BP oil spill in the Gulf of Mexico, according to a forensic report. The blowout preventer was manufactured by Cameron International (CAM -2%).   [View news story]
    More BS.
    Mar 23, 2011. 03:52 PM | 1 Like Like |Link to Comment
  • Netflix (NFLX +2.9%) may be finding it tougher to nail down streaming rights for hit shows, and Goldman Sachs analyst Ingrid Chung surmises that it’s why the company wants to begin distributing original programming. But if Netflix wants to become the next HBO (TWX), that might not be a winning ticket; HBO has been losing subscribers, reaching their lowest levels since 2005.   [View news story]
    I would take Netflix over HBO any day.
    Mar 23, 2011. 02:32 PM | 2 Likes Like |Link to Comment
  • The National Credit Union Administration is blaming four banks (rumored to be GS, BAC, JPM, C) for the collapse of five key credit unions during the financial crisis, and threatens to sue the banks unless they agree to refund $50B of mortgage-backed securities.   [View news story]
    Put Barney Frank in there with them.
    Mar 23, 2011. 09:49 AM | 1 Like Like |Link to Comment
  • Speaking to the country regarding Libya, President Obama draws a clear line, saying the mission is to protect civilians through the air, but there is no possibility of American ground forces entering the country.   [View news story]
    Barry needs to go back to Kenya.
    Mar 18, 2011. 03:13 PM | 3 Likes Like |Link to Comment
  • President Obama to speak on events surrounding Libya. Watch it here.   [View news story]
    Someone who knows about the events will have to write it for him. He doesn't know where Libya is.
    Mar 18, 2011. 02:17 PM | 6 Likes Like |Link to Comment
  • Hilary Clinton breaks the news that she will not stay on as Secretary of State should President Obama win a 2nd term. She also says she has no desire for another job within the administration or to run again for President.   [View news story]
    Reverend Wright for Secretary of State.
    Mar 16, 2011. 08:00 PM | 1 Like Like |Link to Comment
  • Elizabeth Warren defends the new Consumer Financial Protection Bureau against Republican criticism that it is a dangerous new bureaucracy. Its mission, she says, is "straightforward: make prices clear, make risks clear" so consumers can compare products. "If we had had this agency six years ago, eight years ago, we would not be in the mess we are today."   [View news story]
    Just more agency corruption.
    Mar 16, 2011. 02:42 PM | 1 Like Like |Link to Comment