Thursday
Apr022009
Entries by DailyBail (6219)
Apr 2, 2009 at 12:57 AMThursday
Apr022009
Wednesday
Apr012009
Bailout Hypocrisy Watch: David Shuster Examines Obama's Treatment Of Wall Street Vs. Detroit (MSNBC Video)
Bloomington, Indiana native David Shuster getting down at his wedding. Sorry, Shoe.
Tuesday
Mar312009
Bail Out Barney: Barney Frank On Mark To Market Accounting, The Financial Crisis And Market Regulation (CNBC Video March 31)
For today's show, producers assembled one of the better Squawk Box casts of 2009. Roubini, Taleb, Huffington and Barney Frank. In this 16-minute clip Frank discusses AIG, bonuses, financial regulation, executive compensation, TARP, bank bailouts, GM, the auto bailout, and mark-to-market accounting with Huffington and the regular Squawk crew.
For the record and as I've written about extensively, changing MTM accounting rules is a mistake. Granting some form of regulatory leniency on capital requirements is a smarter idea, but it likely has no chance against the stampede of ignorance in Congress.
Not only does Barney Frank support the removal of FASB 157, he is quoted in this Marketwatch article supporting retroactive mark-ups on certain assets. The FASB vote is Thursday.
Tuesday
Mar312009
The Black Swan Doesn't Need A Bailout: Dr. Nassim Taleb Says "Bernanke Should Be Removed From Office" (CNBC Video March 31)
Nassim Taleb made an appearance on Squawk Box this morning with Arianna Huffington and the crew. The discussion of failed banks dominated. Taleb correctly demands that those in power who did not see foresee the crisis should be removed. Federal Reserve Chairman Ben Bernanke is singled out. How can we rely on failed leaders to extract us from a crisis they neither understood nor saw coming.
Monday
Mar302009
Adding Up The Bailouts: Total Taxpayer Funds Spent And Guaranteed Surpasses $10.5 Trillion
CNN has updated their interactive listing of total bailout commitments. Their effort includes the banks, the autos, Fed commitments, FDIC guarantees, Treasury programs, the TARP, TALF and anything else you can imagine.
Here is another mash-up of total commitments done by Evan at right.org. Scroll down the page.
Sunday
Mar292009
ShamWow Frontman Vince Shlomi Arrested For Felony Battery On A Prostitute
On the lighter side, we have Keith Olbermann with some commentary on the arrest of ShamWow spokesperson Vince Shlomi. There's also footage of a rabid bobcat entering a bar in Arizona and biting the 1 patron stupid enough to chase it around and antagonize it.
Sunday
Mar292009
