Entries by DailyBail (6219)
Sep 11, 2011 at 12:35 AM
John Thain, TARP Taxpayer Rapist With Maria Bartiromo
CNBC Video - John Thain, CEO of CIT Group - Sep. 9, 2011
Interview from earlier today. Maria doesn't ask him anything about his rape of taxpayers and performs the expected CNBC fellatio of all Wall Street executives.
Paulson and Geithner gave CIT Group at least $2 billion in TARP funds, which was never paid back and CIT declared bankruptcy months later. Then in restructuring, CIT hired Thain, the former Goldman Sachs exec and later CEO of Merrill Lynch who engineered $4 billion in taxpayer-funded bonuses for Merrill in a year the firm lost over $10 billion (2008), and spent over $1 million of TARP funds redecorating his office including a $35K commode.
If you've never seen WalStreetPro rip off Thain's head, you can watch that here:
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CLASSIC CNBC EXCHANGE - Rick Santelli Battles NYT's Tom Friedman Over Social Security: "You're An Idiot"
CNBC Video - Santelli Battles Friedman - Sep. 8, 2011
Great clip from this morning's Squawk Box. Transcribed inside. Runs 1 minute.
In terms of unfunded liabilities, Medicare is 6X the black hole that is social security, which can be solvent for 50 years with a few tweaks, but Santelli speaks through the lens of his 19 year-old daughter (as he often does), and channels the anger of today's typical college student, which to me at least, is completely understandable.
The correct answer is to cut war spending by 50% over the next 5 years, and use the savings to fund Social Security (without changes). Medicare, on the other hand, and it's completely unpaid-for, and incredibly irresponsible Prescription Drug Benefit (Part D), is going to need a substantial overhaul to survive, the majority of which will need to come from means testing of the wealthy.
Video: Man Drops Pants In Bailout Protest As Police Use Water Cannons On Belgium Crowds
Relax, it's Friday. Police used water cannons and tear gas to disperse the crowd.
DOW Plunges More Than 350 Points
With about 25 minutes left in today's trading the DOW is testing the lows set earlier this morning. There is no single reason for the selloff, though analysts are widely quoting the begrudging acceptance of a global slowdown, and continue disarray in Europe with the Euro trading at 2011 lows against the dollar.
- Follow the trading LIVE
- Bloomberg Markets Summary
- ECB’s Stark steps down, markets plummet
- Treasury Yields Fall To 60-Year LOWS
- EURO Falls to 6-Month Low
- Ghost of Lehman Haunts G-7 Amid Debt Crisis - Bloomberg
- Germany Said to Ready Plan to Help Banks If Greece Defaults
- Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show
- China Inflation Eases From Three-Year High
- Greece Committed to ‘Full Implementation’ of Pact Amid Default Speculation
- NY Police Search Trucks After Terror Threat
- Geithner BS: ‘Substantial’ Impact From Jobs Plan
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Ponzi Nation: Colbert On Rick Perry & Social Security
Colbert Report On The GOP Debate & Social Security As A Ponzi Scheme - Sep. 8, 2011
Decent clip from last night's show.
GOP Debate Highlight - Ron Paul Reminds Sheeple That 'One Gallon Of Gas Only Costs A 1965 Silver Dime'
Video - Inflation Bithchez!
VIDEO - Ron Paul Campaign Ad Attacks Rick Perry's Support Of Al Gore
The newest ad from Dr. Ron Paul, the anti-Rick Perry, we-don't need-dangerous-HPV-mandates-because-my-campaign-aide gets-paid-by-Merck candidacy.
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REPORT: Bank Of America To Cut 40,000 Jobs
How many will be lost before Geithner's TARP 2.0. And will Kashkari be brought back for off-camera fluffing?
The Greatest Youtube Video Of All Time - REVOLUTION
Seriously, just press PLAY. The revolution is in need of a leader - His name is WalStreetPro.
Now he is merely legend.