Wednesday
Aug032011
David Walker On The Debt Deal: "U.S. Is 3 Years Away From Being Greece, Congress Dealt With $2T Of A $61T Problem"
CNBC Video - David Walker With Joe Kernen On Squawk Box - Aug. 2, 2011
Quotes inside.
Entries by DailyBail (6219)
Aug 3, 2011 at 4:14 PMWednesday
Aug032011
Max Keiser: Apple Has More Cash & Greater Market Cap Than U.S. Government
Video - Max & Stacy On Apple's Cash And Overseas Jobs - Aug. 2, 2011
A slightly different take on the bounty of Apple's balance sheet. A related story (somewhat) from Yves Smith today:
Software Outsourcer Infosys Sued for Alleged Large Scale U.S. Employment Fraud
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Wednesday
Aug032011
Dylan Ratigan On The Grand Political Delusion: "Wake Up America! Both Parties Are The SAME! Six Industries Control Everything! It's Time For Independents To Rise!"
Video - Dylan Ratigan On Independent's Day - July 4, 2011
Corporate crapitalism.
Watch at least the first few minutes of this clip. The intro is outstanding.
Wednesday
Aug032011
Must See Visualization Of U.S. $14T Debt, Congress Just Gave Obama $2 Trillion To Spend Before Next Election, Newt Gingrich's MAJOR Twitter Embarrassment
Wednesday
Aug032011
Social Security Reform Bill Encourages Americans To Live Faster, Die Younger
New report from The Onion released last week. This is pretty funny.
The new law will remove restrictions on cigarettes, drugs, and alcohol as well as provide tax incentives for seniors who bungee jump and skydive.
Wednesday
Aug032011
CHART: Sovereign Credit Default Swaps Pricing
Then click on any individual CDS price.
Monday evening I discussed the derivatives nightmare scenario in which the U.S. is downgraded and a default event occurs leading to payouts on U.S. CDS which could run into the hundreds of billions, given the trillions in Treasuries hedged by institutions.
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Wednesday
Aug032011
Wednesday
Aug032011
China Rating Agency Downgrades U.S. Debt, Pelosi Says VAT Tax Is 'On The Table', Rand Paul Says Budget Will NEVER Balance, Faber Says New Bear Market Has Begun (LINKS)
Wednesday
Aug032011
ANONYMOUS Gets Involved In Sunny Sheu Murder Case
New video just released by ANONYMOUS and posted on our forums. For complete background on the murder of Sunny Sheu, see the following link:
Activist Sunny Sheu Killed After Reporting Death Threat From NY Foreclosure Judge Joseph Golia
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Tuesday
Aug022011
Chris Whalen: Why The Debt Ceiling Crisis Is A GOOD Thing
Whalen gets it right, while others cry in their miserable pool of panicked hyperbole.
Tuesday
Aug022011
Lie From Campaign Obama On Ending The War In Iraq: "You Can Take That To The Bank" (VIDEO)
Video - Barack Obama Campaign Promise - October 27, 2007
- "I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank."
Tuesday
Aug022011
DEM Party Supports Institutionalized Looting By Banks, Obama Raises MORE From Wall St., EU Says No Bailout For Italy & Spain, Elizabeth Warren Run For President? (LINKS)
Stories from around the web this morning.
- Document Proves DEM Party Supports Institutionalized Looting by Banks - Yves Smith
- Exactly Who Are The Budget Extremists? - Great Read (Burning Platform)
- Europe's biggest hedge fund, has sold its entire $850m position in Goldman Sachs
- 10 signs the double-dip recession has begun
- Obama raising even MORE cash from Wall Street than in 2008
- Commodities casino makes losers of us all - 'Watch Out' says Gary Shilling
- U.S. consumer spending falls in June - More Economic Weakness
- Treasurys hold solid gains after weak U.S. data
- Europe NOT considering rescue plans for Italy, Spain
- Will Cyprus Be The Straw That Breaks The EU?
- Strangest Speeding Ticket EVER Almost Results In Missle Launch
- Should Elizabeth Warren Run for President? - Yves Smith
Tuesday
Aug022011
Economist Carmen Reinhart With Bloomberg's Tom Keene
Carmen Reinhart, senior fellow at the Peterson Institute for International Economics, talks with Bloomberg's Tom Keene. They are joined by BNP's Julia Coronado.
Runs 7 minutes.
On the debt ceiling debate, social security and the economic outlook.