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bankingqueen

bankingqueen
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  • House Majority leader Eric Cantor pulls out of budget talks led by VP Biden over a disagreement on taxes that will require the input of President Obama and Speaker Boehner to resolve. "We've reached the point where the dynamic needs to change," says Cantor.  [View news story]
    Regan, seemed to do quite well cutting taxes and spurring growth. 40-50 years of data? A lot of good this current administration is doing with the data. They are clueless and incompetent, period.
    Jun 23 10:59 AM | 8 Likes Like |Link to Comment
  • The Congressional Budget Office issues a sobering long-term budget outlook: "As the economy continues to recover... budget deficits will probably decline markedly in the next few years. But with the aging of the population and growing health care costs, the budget outlook, for both the coming decade and beyond, is daunting.”  [View news story]
    Funny, esp since there is no recovery.
    Jun 22 06:06 PM | 1 Like Like |Link to Comment
  • The Senate overwhelmingly votes to end a subsidy and tariff meant to protect domestic ethanol production. There's a catch though: the legislation is tacked onto an economic development bill that is not expected to pass.  [View news story]
    Why the $&$^* cant anyhing be judeged and voted on independently based on its own merits?
    Jun 16 03:25 PM | 4 Likes Like |Link to Comment
  • Is Pandora Worth $2 Billion? [View article]
    Hell no!
    Jun 14 08:47 PM | Likes Like |Link to Comment
  • Tech IPOs charge on: After raising its initial range of $7-$9 up to $10-$12, Pandora (P) prices 14.7M shares at $16 each, valuing the online-music company at $2.6B. It expects to continue losing money through 2012. Overvalued? Depends on its ad model.  [View news story]
    Overpriced junk!
    Jun 14 08:44 PM | 1 Like Like |Link to Comment
  • Americans seem torn over raising the debt limit, according to a new ABC/WaPo poll. A large majority say the economy likely would suffer serious harm if Congress fails to give the government more borrowing authority. Yet barely half support raising the debt limit, even if lawmakers also sharply cut spending.  [View news story]
    More like $9.43 lol
    Jun 9 05:40 PM | Likes Like |Link to Comment
  • Americans seem torn over raising the debt limit, according to a new ABC/WaPo poll. A large majority say the economy likely would suffer serious harm if Congress fails to give the government more borrowing authority. Yet barely half support raising the debt limit, even if lawmakers also sharply cut spending.  [View news story]
    But the sad thing is it is true.
    Jun 9 10:41 AM | 1 Like Like |Link to Comment
  • Americans seem torn over raising the debt limit, according to a new ABC/WaPo poll. A large majority say the economy likely would suffer serious harm if Congress fails to give the government more borrowing authority. Yet barely half support raising the debt limit, even if lawmakers also sharply cut spending.  [View news story]
    About time we take our medicine, it will get much worse before it gets better. It is time for this irresponsible generation to pay its bills and leave a good country for the next generation, not pillar and plunge it.
    Jun 9 10:01 AM | 3 Likes Like |Link to Comment
  • Rep. Barney Frank - the Frank in "Dodd-Frank" - held a Wall Street fundraiser yesterday, less than a year after authoring a sweeping crackdown on the financial industry. Some bankers saw it as a striking display of chutzpah, even by Wall Street standards, but most were not about to miss the chance to hobnob with - and donate to - one of Wall Street’s top cops.  [View news story]
    Frank = "one of Wall Street’s top cops". And we wonder why this country is in the mess it is in?
    Jun 8 10:15 AM | 14 Likes Like |Link to Comment
  • Obama: No fears of double-dip recession [View article]
    Obummer, is either a Liar or just plain incompetent. Take your pick.
    Jun 7 10:09 PM | 1 Like Like |Link to Comment
  • Asking the Fed to print more money is not the answer, says Dallas Fed chief Dick Fisher in remarks on CNBC. Expecting robust 2nd half growth, he says there is no need for QE3. Tough rhetoric out of Fisher is no surprise, but so far, he has yet to dissent on a FOMC vote.  [View news story]
    "Expecting robust 2nd half growth, he says there is no need for QE3." UH, I am speachless. Some of these tools are so clueless, how the hell were they voted into anything?
    Jun 7 08:57 AM | 2 Likes Like |Link to Comment
  • Chrysler considers IPO [View article]
    SCAM, SCAM, SCAM, do not buy.
    Jun 4 11:35 PM | Likes Like |Link to Comment
  • Tech bubble? Groupon (GRPN) reminds Conor Sen of a Ponzi scheme: "The company owes $230M more than it has, appears to be burning through $100M or more a quarter, and is using money raised from later investors to pay back early investors."  [View news story]
    Madoff has nothing on the U.S. Goverment
    Jun 4 10:30 PM | 4 Likes Like |Link to Comment
  • "Fed is going to skip QE3 and go right to QE4," says a wag following the terribly weak NFP report.  [View news story]
    Wmarkw

    I am in agreement that everything this administration is doing policy wise is counter-intuitive. And while I would be the last person to be a conspiracy theorist, this is getting so bad I really must think they have other agendas. When this whole thing goes crashing down (and it will) eventually. It will be the perfect storm and I have a hard time believing that all these so called smartest people in the room were asleep at the wheel. Which leads me to believe this is all done on purpose. I hope I am wrong, but my gut is usually right.
    Jun 3 06:18 PM | 2 Likes Like |Link to Comment
  • Dick Bove talks up QE3 with a twist, claiming that the Fed could unleash all the net free reserves held by banks: "There is a huge amount of money available to the economy if the $1.486T in net free reserves [are] released... The American economy has functioned without assistance from its banking industry for the past 2 1/2 years. It may need this assistance now."  [View news story]
    Another scam!
    Jun 3 10:08 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
135 Comments
359 Likes