It's a new day, a new trading week, and the never-ending flow of bailout news continues this morning. Everyday is Groundhog's Day at DailyBail and we're stuck in the vortex.
Take a Monday morning stroll through the taxpayer mine field as you see where your money is headed today.
We're in a decidedly snarky mood this morning as you will see in our comments. So if you are Bill Miller of Legg Mason or Ken Fisher, you might want to skip this one. The remaining 6 billion of you, feel free to proceed. And hey, at least we gave you some great comedy this weekend.
As usual, the links are in no particular order of importance. They're all painful. Read on.
BAILOUT for SUV buyers bill introduced by tools chuck schumer and dianne feinstein. this is getting completely out of control. so the rest of us should subsidize fellow taxpayer's SUV buying decisions? is this a joke? or IS OUR COUNTRY BECOMING A JOKE?
UK banks were 3 HOURS from complete shutdown in october MUST READ!
Peter Schiff was right,or was he? Mish
2 more congressmen cited for trying to help ailing banks wsj no sub required
commodity trader drunk at work tries to set freight elevator on fire at world trade center #7
6 biggest mistakes on road to financial hell alan blinder(princeton) NYTimes tip to yves smith
Felix Salmon hearing that Merrill had bad trading losses in Q4 Portfolio
history of california's fiscal debacles...not the first LATimes thanks yves
Icelandic government is first to be brought down by crisis mail online and again to yves
Perp walk for 2 PWC auditors involved with Satyam bloomberg it's about time some corrupt auditors went to jail. Now we just need for some bankers, ratings agency tools, and perhaps a few of our elected or appointed officials to spend some time in the slammer. That might feed the beast for a little while.
Us treasury official aided fraud with indymac he deserves the perp walk abc and Jesse
more on that toolbox, bill miller wsj slightly older but oh so good!
and even some more on a truly horrible money manager, bill miller NYTimes no. i have never had any money with miller. his yacht is named 'bull' something. bullshit, maybe. After 20 years in this industry i can tell you that the wall street game is a joke. and tools like miller are everywhere. they don't do real research. they don't study the companies they buy for their fundholders. but they do study carefully which yacht to buy with their management fees. and the wall street financial media glorify these buffoons all the way along. want another buffoon name. ken fisher. are you kidding me? this guy is a bad, bull market joke. read the next 2.
ken fisher guru grades skip the article and go directly to the chart and read his monthly quote going back into mid 2007. this guy sleeps in the same toolbox as miller. how much more wrong, month after month, could one tool be? just ask kenny. he can tell you. pathetic. never had money with fisher ever. just trying to help some readers who might fall for the marketing used to keep these tools employed.
and a blog about ken fisher and why he's particularly bad at what he does.
BAC KNEW Merrill was in trouble much earlier than disclosed naked capitalism shock, ken lewis lies again...Lewis is the tool shed where the toolbox bill miller resides.
Yves Smith on Obama's regulatory reform announcments naked capitalism and NYTimes
Yves on Ben Stein and guilt.ben stein is an idiot. enough said. naked capitalism
Calculated Risk on RBS getting a huge loan guarantee from the uk gov't.