MAKE MINE FREEDOM: This Animated Cartoon Seemed Far-Fetched In 1948

Video:  Cold War-era cartoon on Freedom...

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"Dad, Don't Forget, We Gotta Stop By The ATM And Get Some GOLD Before We Head To Shotgun Warehouse" (Clip)

Full story, several links, photos and CNBC video of the ATM in action.

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DERIVATIVES BATTLE ROYALE: Will There Be A Midnight Massacre Of Blanche Lincoln Over Section 106?

More than any other current provision, Blanche Lincoln's section 106, has Wall Street execs quaking in their loafers.  And fully-captured Democratic Senator Evan Bayh is leading the charge to destroy it.

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Charlie Rose Interviews Nouriel Roubini

Video:  Dr. Nouriel Roubini & Charlie Rose -- May 11, 2010

This is a focused Roubini. He compares his life to that of George Clooney's character from Up In The Air.  Life in hotels and airports.

UPDATE:  Have also added 2 short clips of Roubini with Henry Blodget from May 10.

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Afternoon Reading (May 13, 2010)

Goldman, BofA, Citigroup….Did Prosecutors Leave Anybody Out

James Howard Kunstler -- Money For Nothing

Mean Street: You Lie. You’re Weak. And You Can’t Handle The Truth.

Will Congress ever reform the Fed?

Why we’re not out of trouble yet--not even close

Foreclosures down 2 percent from last year

Wall Street Probe Widens

Dog on the menu for Chinese astronauts

They Walk. They Work. New DNA Robots Strut Their Tiny Stuff.

New Hawaii law shuns Obama birth document requests

And...

Everything on our Headlines page  >>

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Q&A With Dylan Ratigan @ Wall Street Cheat Sheet

Outstanding interview by Damien Hoffman.  Ratigan is on fire, as usual. 

Check it out  >>

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Jon Stewart Vs. Larry Leibowitz: Brother Of Daily Show Host Is President Of The NYSE

This explains why I've said in the past, that Stewart is the best financial journalist on the box.  Maybe Brother Larry helped with this classic Jim Cramer ambush.

Check out the story  >>

and...

More detail  >>

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Dead Presidents Vs. Abacus: Comparing the Morgan and Goldman CDO Cases

Helpful look from Michael Corkery at the WSJ Deal Journal.

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Morgan Stanley, Not Goldman Sachs, Was The Original BSD Of The Sub-Prime CDO Short Trade

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Jim Rogers On The Stock Market Crash: "It's Just The Beginning Of The Correction" (WATCH)

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CONSPIRACY: Max Keiser & Stacey Herbert -- Big Banks Crashed The Stock Market To Defeat Wall Street Reform

It's juicy theory without any proof, but it has the air of plausibility.  In my mind, there is no doubt the market crash on September 29, 2008 was engineered by Wall Street to scare Congress into approving Paulson's TARP.  The authors make the case that the same thing happened last Thursday.

Article and 2 short clips.

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Democrats Reject 5% Down Payment Rule For Mortgages

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INVESTIGATION: Cuomo Issues Subpoenas To 8 Wall Street Banks -- Did They Lie To Get AAA Ratings For CDOs?

Too early to say, but it sounds like Cuomo has finally begun to listen to Eliot Spitzer, who has been making this case in the media for months.  Was there a pattern of lying and providing misleading data to credit rating agencies by the investment banks?  Subpoenas were issued last night, so it's likely the shredding of documents has begun.

What?  Me, cynical?

Watch Spitzer & Ratigan explain the FRAUD (Classic Clip)  >>

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Goldman Sachs! The Musical

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