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Entries by DailyBail (6219)

Thursday
Feb172011

Fox News Apologizes On Air For Ron Paul CPAC Smear

This is straight bull.  I don't have a problem with Bill Hemmer, but I worked at CNN, and I know something about the cable news business.  One file would be labeled CPAC 2010, and the other 2011.  No other way about it.

Here's the original clip from Fox:

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Thursday
Feb172011

Chris Whalen On Wells Fargo & BofA: "They've been pulling reserves out of loss provisions to goose their earnings and hit the analyst targets"

Editor's Note:  Brand new from the world's best independent banking analyst. Truth and transparency are in short supply at Wells Fargo.

Bloomberg Video - Chris Whalen - Feb. 16, 2011

Christopher Whalen, managing director of Institutional Risk Analytics, talks about Howard Atkins's highly suspect and suspicious decision to resign from his position as chief financial officer of Wells Fargo.

  • "There is constant discussion of both Wells Fargo and Bank of America disclosure.  I think that they are understating their losses.  As a result, they've been able to not only improve their earnings, but they've been pulling reserves out of loss provisions to goose their earnings and hit the analyst targets, which I think is unconscionable.  I think these banks should be looked at very hard by federal regulators to see if they're not hiding losses in areas like troubled debt restructuring, and in modifications."

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Thursday
Feb172011

Map Of U.S. States By Home Foreclosures

Thursday
Feb172011

U.S. close to punishing banks over foreclosure fraud

(Reuters) - U.S. bank regulators are finalizing punishments against mortgage servicers after a probe found "critical deficiencies" with the industry's foreclosure processes.  John Walsh, the acting head of the Office of the Comptroller of the Currency, said a national probe of foreclosure paperwork and procedures found that mortgage servicers broke laws, and that a small number of homeowners were wrongly evicted.

Asked if the magnitude of the potential penalties could reach the range of billions or even tens of billions of dollars, Stevens declined to comment.

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Thursday
Feb172011

CHART: U.K. House Prices Since 1952

Full-size inside plus a 2nd chart.

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Thursday
Feb172011

Video: Coburn Asks Blankfein: "Have You Spoken With Anybody At Treasury About The Regulatory Reform Effort"

Archive Video - May 06, 2010

Clip has not been posted at the Bail before.  Part of our new series 'Nightly Lloyd.'

Lloyd Blankfein, Chairman and CEO of Goldman Sachs, is asked by Senator Tom Coburn if he talked to anyone at Treasury about Dodd-Frank.  Comedy ensues.

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Thursday
Feb172011

Plan B: Cut Benefits To Bankers

Wednesday
Feb162011

Goldman Closes Prop Trading Desk to Comply With Volcker

Wednesday
Feb162011

BUSTED: Fox News Caught Playing Dirty Tricks With Ron Paul CPAC 2011 Victory Video

Fox News deceptively misrepresented Paul’s 2011 CPAC straw poll victory by substituting footage from CPAC 2010, where Mitt Romney supporters had loudly booed the results.  Fox, a habitual mouthpiece for the GOP establishment, normally works in clandestine ways to deny the legitimacy of Dr. Ron Paul's candidacy.  But this is blatant.  No mistake was made in choosing video clips.  Fox producers purposely were attempting to discredit Paul through the use of last year's clip.  Shameful and shameless.  Keep that in mind the next time you hear 'fair and balanced.'

More clips from CPAC 2011...

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Wednesday
Feb162011

"50 Years At 50 Basis Points" - Josh Rosner On Radio Free Dylan Ratigan

Rosner says we need global debt restructuring - 50 years at 50 basis points.

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Wednesday
Feb162011

Barney Frank Ambushed By Jason Mattera: Banking, Brothels & Fannie Mae (Very Funny Clip)

Jason Mattera asks Barney Frank for advice on how to run a brothel.  This one is classic.  Lots of very candid Fannie & Freddie discussion.

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Wednesday
Feb162011

Tim Geithner With Steve Liesman On Fannie, Freddie Reform Proposals (CNBC Interview)

Geithner announces the White House proposal on GSE reform.

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Wednesday
Feb162011

UPDATE: Fannie, Freddie bailout could double in size to $360 Billion - It Will Eventually Be $1 Trillion

Wednesday
Feb162011

Obama: "You Can Take That To The Bank"

Video - Obama's broken promises

The federal government borrowed 43 cents of every dollar spent in the 2010 budget.  The cost of war is bankrupting the United States...

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