Wednesday
Jul042012
Jul 4, 2012 at 4:02 PMWednesday
Jul042012
Secret Service Shuts Down 'Fire Eric Holder' Protest
- Secret Service shuts down ‘fire Eric Holder’ protest
- Finland Threatens to Block EURO Bailouts
- Diamond’s Exit Shows Libor Only What Each Bank Says It Is
- California lawmakers approve tough foreclosure protection law - Reuters
- What did Bank of England say to Barclays about Libor? - BBC
- Libor scandal may have cost families their homes
- Fishy Trading Before Obamacare Announcement
- Barclays Releases Notes Of Call Between Diamond, Bank Of England
- Deutsche Bank Alters Numbers In Quest For AAA Rating - ProPublica Investigation
- Apple to pay $60 million for iPad name in China
Photo inside is pretty decent
Wednesday
Jul042012
Why Isn't Wall Street In Jail!
Why Isn't Wall Street In Jail?
By Matt Taibbi
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."
I put down my notebook. "Just that?"
"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."
Wednesday
Jul042012
BOMBSHELL - Roberts Switched Vote On Obamacare
New video from tonight's CBS News broadcast.
Not sure how many readers saw this blockbuster story yesterday. Justice Roberts buckled to an accusatory media and political pressure from across the judiciary.
What a mammoth, vaudevillian pussy.
We still believe the GOP will succeed in striking down Obamacare after the November elections, but this law, which pisses all over the Constitution, while simultaneously fellating the entire Managed Care, Insurance-HMO, Big Pharma constituency, should have been shredded by SCOTUS. We ought not have to rely on the November elections to fix what the courts could have already flushed.
Tuesday
Jul032012
Barclays CEO Bob Diamond Resigns Over Libor Scandal - "Dude, You're Killing Me!"
Will we eventually see U.S. bank CEOs resign?
Fat, f-ing chance.
Still it's nice to see the corrupt fail... if only fleetingly.
Massive fraud is usually not this funny:
Tuesday
Jul032012
Bailout Update - $1.5 Trillion Still Owed To Treasury, Fed
A new study released by the Center for Media and Democracy (CMD) shows that, despite rosy statements about the bailout's impending successful conclusion from federal government officials, $1.5 trillion of the $4.8 trillion in federal bailout funds are still outstanding.
Tuesday
Jul032012
Simon Johnson: U.S. Banks Aren’t Ready For Coming European Crisis, McConnell Says Repeal Of Obamacare 'Not Easy', New Disability Record (Links)
Tuesday
Jul032012
Interview With Jim Chanos: "China Makes Greece And Spain Look Like Child’s Play'
Video - Jim Chanos on Short Selling, China - June 26, 2012
- "China will have whatever GDP growth number the government wants even if the numbers do not add up."
Tuesday
Jul032012
Larry Summers And John Taylor Debate Interventions, Bailouts And The Federal Reserve
Video - "Are Government Interventions an Important Cause of Our Recent Economic Problems?" - April 9, 2012
I've only watched half of this clip so far and there's a lot in here: bailouts, debt and deficits, Dodd-Frank, Volcker Rule, Bernanke, etc. Good stuff but on the dry side.
Tuesday
Jul032012
WSJ Economist: '75% Of Obamacare Costs Will Fall On Backs Of Those Making $120K Or Less'
Video - Obamneycare Truth - Jun. 30, 2012
Stephen Moore, senior economics writer for the Wall Street Journal says nearly 75% of Obamacare costs will fall on middle-class Americans making less than $120,000 a year.
The headline quote comes in the final 30 seconds.
Monday
Jul022012
SOURCES: Obama Growing Bored With Foreclosure Crisis
A few afternoon links:
- President Obama Said To Be Bored With the Foreclosure Crisis
- Bank of England implicated in LIBOR Scandal?
- LIBOR Scandal: Law firms expected to target Barclays in class action
- Was Barclays the worst LIBOR offender?
- Fighting Foreclosure Fatigue
- Dollar Goodbye - Japan Seeks Expansion Of $3 Billion China Swap Deal
- Greek Bank Deposits Have Biggest One Month Outflow Ever
- Public Opinion Of US Supreme Court Deteriorates Following Obamacare Decision
- Thoughts on Obamacare from a Surgeon and Friend
- Sign Of The Times - Sears offering vacation packages on layaway
- Comptroller Got 'Whale' of an Intro to JPM - WSJ
- The Medication Generation - WSJ Report
There's also a photo included inside that some of you will enjoy.