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bankingqueen

bankingqueen
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  • Bernanke is likely to disappoint at Jackson Hole this Friday, says Miller Tabak strategist Peter Boockvar. The markets are hoping he will signal the go-ahead for QE3, but with key economic data points like retail sales still holding up, all he's likely to do is talk about the bullets he has left.  [View news story]
    Bullets left? That fool has been shooting blanks!
    Aug 22 09:24 PM | 3 Likes Like |Link to Comment
  • Tim Geithner has informed the president of his intention to stay on as Treasury Secretary. As the only remaining member of Obama's original senior economic team in a very difficult period, it raises the question whether he is staying because he wants to - or because no one else can be found for the job.  [View news story]
    Bozo, Dumbo, Pinnochio, elmer fudd, daffy duck, take your pick. I personally think yosemitte sam would be more than qualified with regard to the current measuring stick they are using in washington. Oh i almost forgot foghorn leghorn. They are all more qualified. Oh wait non of them are crooks.
    Aug 7 03:58 PM | 8 Likes Like |Link to Comment
  • Bank of America sees a soft Q2 for Leap Wireless (LEAP -3.4%) - due to report after the close - maintaining a Buy rating with a $20 price target. Analysts see the shift of cellular business from voice to data pressuring firms on the lower-income end of the model, including LEAP rivals MetroPCS (PCS -1.1%) and Sprint (S +2.1%).  [View news story]
    Great, FYI I see a soft next year for BAC with a $3.00 price tag!
    Aug 3 01:42 PM | Likes Like |Link to Comment
  • "Not since 2008 have federal officials and bankers been so clearly aligned in their push for the same policies," goes a NYT article describing the concerted effort by the financial industry to get debt ceiling legislation passed. "Everyone was on the same page," says a power broker, describing a recent meeting of lobbying honchos at the Treasury Department.  [View news story]
    Sad thing is the alignment of the Fed and Banksters are against what is best for America and its people.
    Jul 30 07:30 PM | 8 Likes Like |Link to Comment
  • "There should be a war crimes trial about that deal," says VC honcho Roger McNamee, contending Microsoft stole Skype from Silver Lake Partners. "They bought the last global, integrated telco left for half the value of Sprint (S)." MSFT shares were up 10% since the May purchase before today's 2.9% swoon.  [View news story]
    Also if silver lake partners were a little more bright maybe they wouldnt have been so easily fleeced. Maybe silver lake should not be in the VC business, besides how many companies and workers have they fleeced in the name of the allmighty dollar?
    Jul 27 03:56 PM | 3 Likes Like |Link to Comment
  • "There should be a war crimes trial about that deal," says VC honcho Roger McNamee, contending Microsoft stole Skype from Silver Lake Partners. "They bought the last global, integrated telco left for half the value of Sprint (S)." MSFT shares were up 10% since the May purchase before today's 2.9% swoon.  [View news story]
    Nobody forced them to sell. Anybody else sick of these ambulance chasers?
    Jul 27 03:54 PM | 5 Likes Like |Link to Comment
  • The U.S. government can push back a default a month or more after the Aug. 2 deadline set by the Treasury Department, Wells Fargo chief economist John Silvia says. The Fed and Treasury can work together to generate enough cash "probably for the next two or three months," adding credence to reports that the U.S. is telling big banks a default won't happen. (earlier: I, II)  [View news story]
    Just talked to Bernie Madoff, he was laughing uncontrollably. When I asked what was so funny, he replied Ponzi!!! Btw he was watching obama and reid speak on T.V. I asked him if he had any other comment? He stated I dont have anything on those crooks.
    Jul 25 09:17 PM | 6 Likes Like |Link to Comment
  • The Fed - which owns $1.6T of Treasuries - could theoretically sell those holdings, remit the proceeds to Treasury, and fund the government's borrowing needs for 1 year. Maybe unlikely, but the past few years have shown the Fed and Treasury capable of extraordinary measures when necessary.  [View news story]
    And who in their right mind would buy that junk?
    Jul 25 09:55 AM | 5 Likes Like |Link to Comment
  • The Fed buys $2.91B in Treasurys maturing 2014-2015, of $15.86B offered by dealers. No, it's not QE2, but the central bank is continuing to reinvest proceeds from agency debt and agency MBS. Treasurys overall are higher: the 30-year yield -0.02 to 4.36%; 10-year -0.03 to 3.09%; five-year -0.04 to 1.64%.  [View news story]
    Junk in Junk out!
    Jul 6 11:13 AM | 1 Like Like |Link to Comment
  • Obama warns against short-term deal on debt limit [View article]
    Unfortunately, the only deal being made will involve the American people taking it in the behind.
    Jul 5 07:25 PM | 2 Likes Like |Link to Comment
  • UPDATE: Bank of America Announces Agreement on Legacy Countrywide Mortgage Repurchase and Servicing Claims [View article]
    When is this TBTF bank going to fail? Not soon enough.
    Jun 29 09:00 AM | 1 Like Like |Link to Comment
  • Even if a deal is struck that would reduce long-term spending with a boost in the debt ceiling, Lawrence Lindsey believes deficit projections nevertheless will be revised upward in the years ahead. For starters, normal interest rates, rather than current near-zero rates, would raise debt service costs $4.9T over 10 years, dwarfing the savings from any potential budget deal.  [View news story]
    1980-throw some gold in with that silver. Uncle Ben will make sure these commodities will outperform longer term.
    Jun 28 09:15 PM | 2 Likes Like |Link to Comment
  • Even if a deal is struck that would reduce long-term spending with a boost in the debt ceiling, Lawrence Lindsey believes deficit projections nevertheless will be revised upward in the years ahead. For starters, normal interest rates, rather than current near-zero rates, would raise debt service costs $4.9T over 10 years, dwarfing the savings from any potential budget deal.  [View news story]
    Apberusdisvet, lets just cut the bullshit third party crap. Go right to the crux of what this country needs, a REVOLUTION! Maybe then for the people by the people will actually have some meaning again.
    Jun 28 09:13 PM | 4 Likes Like |Link to Comment
  • Even if a deal is struck that would reduce long-term spending with a boost in the debt ceiling, Lawrence Lindsey believes deficit projections nevertheless will be revised upward in the years ahead. For starters, normal interest rates, rather than current near-zero rates, would raise debt service costs $4.9T over 10 years, dwarfing the savings from any potential budget deal.  [View news story]
    The reality is toast! Dont doubt me, i am fully aware of the harsh reality. But all you liberals keep voting obama.
    Jun 28 06:14 PM | 6 Likes Like |Link to Comment
  • Be careful what you wish for: While D.C. politicians harden their positions on spending and taxes, austerity has already taken root in state governments, and it's killing the recovery. Daniel Indiviglio says cuts on the state and local level have knocked $8.8B off GDP and thrown 326,000 people out of work.  [View news story]
    For the 100th time there is no bleeping recovery. I am starting to feel like the shills that write about a recovery think that if we say it a few more times it might come true lol
    Jun 24 08:13 PM | 5 Likes Like |Link to Comment
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