Wednesday
Dec092009
Entries by DailyBail (6219)
Dec 9, 2009 at 7:22 PMWednesday
Dec092009
Deficit Numbers Already Horrible For FY 2010: $292 Billion After Just 2 Months
I still can't get used to these numbers. It wasn't long ago (24 months) when $292 billion was our deficit for an entire fiscal year. That's just chump change to the Obama-Reid-Pelosi crew who have no plans to slow down the giant deficit machine in 2010, as they pave their way to mid-term elections that they hope to purchase with your money.
Obama doesn't see it yet, but he will be known by history as the Deficit President -- The man who racked up $6 trillion in national debt in 4 years.
Wednesday
Dec092009
Wednesday
Dec092009
One Man's Successful Guide To Sticking It To The Credit Card Companies (In 26 Easy Steps)
How I stuck it to the credit card companies and bought a house with a cash advance. All figures are approximate. Music by Lily Allen (Warning: profanity of the variety shown by the toe).
Tuesday
Dec082009
Animated Cartoon Video: How The BLS Calculates Unemployment (Why So Many Are NOT Being Counted)
You might be unemployed, but do you even count as 'unemployed' according to the BLS (Bureau of Lies and Stupidity)? There's a good chance you're not being measured in U3. Runs 2 minutes.
U3 is 10.2% but the much more accurate U6 is currently pushing 18%. Very clever clip.
Tuesday
Dec082009
Dylan Ratigan: Whining AIG Executives Need A Reality Check
MSNBC Video: Morning Meeting’s Dylan Ratigan recaps AIG executives’ anger over pay cuts as well as their hollow threats to quit -- Aired December 8, 2009
- "What's the going rate for an arsonist or a blackmailer?"
Beautiful. Hot off the presses from this morning's show. Runs 2 minutes.
Tuesday
Dec082009
Amazing Video Of Black Friday Panic Inside Wal-Mart (WMT)
Video: Shoppers lose their freaking minds (and scare children) to save a few bucks and get some useless piece of plastic manufactured in China.
Monday
Dec072009
Bernanke Tips Hand On FED's MBS Purchases: More Quantitative Easing Straight Ahead
Video: Sen. Bob Corker (R-TN) questions Bernanke about MBS purchases -- December 3, 2009
Total MBS purchases to date: $1.25 Trillion (that's brand new money)
Another painful bite from Thursday's confirmation hearing comes from this exchange between Tennessee Senator Bob Corker and Bernanke where Corker asks if mortgage interest rates will rise a "couple hundred basis points" (meaning 2%) when the Fed's MBS purchase program ends.
The short exchange begins at the 6-minute mark.
Monday
Dec072009
Senator Jim Demint (R-SC) Annihilates Bernanke In Confirmation Hearing, Then Places 'HOLD' On Senate Vote
Video: Sen. James Demint (R-SC) torches Bernanke and the failed Federal Reserve -- Senate Confirmation Hearings -- December 3, 2009
There are now 4 Senators who have announced they will place 'holds' of various types on Bernanke's confirmation vote on the Senate floor. Dodd mentioned to reporters Friday, that the vote may now be pushed into 2010. Demint and Vitter have made their confirmation roadblocks contingent upon a Senate vote on S 604 to audit the Federal Reserve.
Outside of Bunning's show-stopper against Bernanke and the Fed, Demint's 10 minutes with the Chairman were the best these hearings had to offer. Do not miss.
Monday
Dec072009
Monday
Dec072009
Off-Balance Sheet Nightmares Set To Begin Costing Banks: Sheila Bair May Give Banks Reprieve On Capital Requirements As New FASB Rules (166, 167) Take Effect
“We support bringing all this back on balance sheet,” Bair said. “It should have been on, frankly, all along. And we know that now.”
Saturday
Dec052009
Sen. Bunning Tells Bernanke: "You Are The Definition Of A Moral Hazard; The AIG Bailout Alone Is Reason Enough To Send You Back To Princeton" (Video & Transcript)
Video: Senator Jim Bunning Opening Remarks And Response From Federal Reserve Chairman Bernanke -- Senate Confirmation Hearings -- December 3, 2009
This is one of the best speeches (and without a doubt the most enjoyable Fed emasculation) I've ever heard in a Senate hearing. We have the video and transcript. Do not miss.