Allstate Sues Goldman Over $100 Million In Fraudulent Mortgages, Mitt Romney Is Thurston Howell III, Rush Limbaugh 'Freaked Out' By Ron Paul's Success

Video - Maddow On Mitt Romney As The 'Thurston Howell III' Of American Politics

• Allstate Sues Goldman Sachs Over $100 Million In Fraudulent Mortgages
• Bernanke Likely To Disappoint Markets With Jackson Hole Speech - Bloomberg
• Obama May Back NEW Refinance Plan for Mortgages - NYT
• GOP Operatives (Rush Limbaugh) Fear Lasting Ron Paul Problem
• A difficult year for many hedge funds may prove FATAL for some - The Economist
• Millions of Jobless Americans Filing For SS Disability To Get Food, Medicine
• Germany Considers Short-Selling Ban, France Will Make Statement Today
• Sen. McCain Calls Out Russia For Lack Of Democracy
• More Than 100 Business CEOs Sign Starbucks No Campaign Donations Pledge

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Peter Schiff On Ron Paul's Stock Portfolio

Video - Peter Schiff on Ron Paul's investments - Aug. 22, 2011

See a complete list of Ron Paul's stock holdings inside.

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MUST SEE: Citizen journalists ask Bernanke about Nassim Taleb Calling Him A "Charlatan" (Street Ambush Video)

Walking and talking with the Helicopter.

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Steve Jobs Resigns As CEO Of Apple, Will Remain Chairman

Tim Cook (interim CEO during Jobs' absence last year) has been named the new CEO, and Steve will remain as Chairman of the Board, director and Apple employee.  

The stock is trading down modestly in afterhours trading to approximately 360, more or less where it was at the open on Tuesday.  This move has been widely anticipated.  Despite its lofty run-up, Apple trades at a forward PE of only 14, and has more than $70 billion of cash on its balance sheet and no debt.

Full statement from Jobs after the jump.

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Nomi Prins: Could Lloyd Blankfein Face A Prison Sentence?

The Goldman Sachs CEO didn’t get a big-time criminal-defense lawyer because he’s worried about an SEC wrist slap—there’s a real possibility of doing time (for perjury AND obstruction of justice), says former Goldman managing director Nomi Prins.

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CME Increases Gold Margin Requirements By 27%

SAN FRANCISC0 (MarketWatch) -- The CME Group Inc., the parent company of the main metals and energy exchanges in the U.S., on Wednesday announced an increase in margin requirements to trade gold. The money needed to trade gold contracts increased 27%. Initial margin requirements rose to $9,450 from $7,425 per 100-ounce contract; maintenance margin requirements rose to $7,000 from $5,500, both effective as of the close of trading on Thursday. The CME had increased margins for gold two weeks ago by 22%.

CME letter inside.

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Why Do Banks Make So Much Money?

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Home Prices Decline 5.9% In Q2, Mortgage Applications At 15-Year Low, Rothschild Bank Will Is The NEW PPT, Green Stimulus For Nevada - $500k Creates Less Than 2 Jobs

Home Prices Decline 5.9% in Second Quarter - Bloomberg

Mortgage purchase applications at 15-year low: MBA

A Huge Housing Bargain -- but Not for You

Rothschild Bank Will Support SocGen Stock Price

Spending, NOT entitlements, created huge deficit

CBO Says - Jobless rate above 8% for years

Bank of America stock UP nearly 11% After Call From Meredith Whitney

Meet the Citigroup man who will lead S&P - CNN

Rumor - JP Morgan May Take Over Bank Of America

German Politician Demands Gold As Collateral From European Bailout Recipients

KEYNESIAN SOLUTIONS – AFTER TOTAL FAILURE – TRY, TRY AGAIN

US Military Intervention in Libya Cost At Least $896 Million - ABC News

Federal Asset Seizures Rise, Netting Innocent With Guilty

Hey Social Security, I'm not dead! - `You look pretty good for a dead woman'

Green Stimulus For Nevada - $500k Creates Less Than 2 Jobs

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Peter Schiff: "Treasuries Are NOT A Safe Haven, No Ceiling For Gold Prices"

Video - Peter Schiff - Aug. 20, 2011

• "Treasuries are not a safe haven."

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Revolution Step #1 - How To Build A Personal, Portable Tar And Feather Gun

This is not a joke.  Full story inside (with video instructions) from the U.K. inventor.

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Cenk On Kathryn Wylde, Eric Schneiderman And Obama's Love For Wall Street

Video - The Young Turks on the Foreclosure Fraud Deal - Aug. 22, 2011

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Marc Faber: "Everyone In The World Is A Keynesian, The Best Thing The Fed Could Do Is To Collectively Resign"

Some of you may have already seen this clip elsewhere.  Faber from about 2 weeks ago, which we post today in anticipation of Bernanke's speech at Jackson Hole on Friday.

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Gallup Poll: Obama Hits ANOTHER New Low

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Iowa AG Tom Miller Removes NY AG Eric Schneiderman From Foreclosure Fraud Executive Committee

This is getting ridiculous as banking-captured Iowa Attorney General Tom Miller still thinks he's in high school, and to prove it he just kicked Eric Schneiderman out of his clique.

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