From yesterday's Squawk Box -- runs just 2 minutes. Joe Kernen on-air attempting to describe the Goldman Sachs vampire squid wrapped around the face of humanity. You'll see it in the clip. Watch this one.
Two disturbing charts on the explosive growth of the national debt. The second graphic illustrates how much new debt is being piled on every month. It is the cost of this so-called recovery, and if people understood that cost, no one would think it was worth it. Guest post from Mark McHugh.
He's completely serious. Time frame is 12-24 months. Listen to the first 5 minutes.
Comedy from Untucked Films -- Laid Off By Lehman -- One Broker's Story
2 more clips inside. Interviews with employees as they leave the building, shocked that capitalism exists on Wall Street, but only for them.
Video: Satyajit Das -- On Greece & Europe
Das pounds on the following theme -- the undeniable insanity of bankrupt nations guaranteeing the debts of other bankrupt nations. Greece will default, and there will be haircuts for feckless bondholders no matter how they cry in anticipation.
Runs 4 minutes. Solid truth-telling. Das is the author of:
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Topics -- gold, national debt, true deficit, treasuries, stock market & hyperinflation
New information from German Finance Minister Peer Steinbruck on private AIG crisis discussions with Paulson. Panic would be an understatement.
Aired today. Story from Yves Smith. And detail on a new and massive, mortgage-modification bill introduced in Congress.
Oct 1, 2010 at 3:23 PM
