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Thursday
Mar312011

Nasdaq Hack Worse Than Reported; U.S. Spy Agency Asked To Decode Stock Market Cyber Attack

Article inside.

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Wednesday
Mar302011

California Treasurer Spanks Legislature Over Junk Spending

There is no hope for California government.

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Wednesday
Mar302011

Brown's California Dream Snarled by Dysfunction That Felled Schwarzenegger

Will Obama bailout California later this year...

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Wednesday
Mar302011

Gov. Schwarzenegger Says F*** You To California Legislature

Wednesday
Mar302011

Video: Sheila Bair On Bailouts, Risk Retention Rule

Video - Sheila Bair - Mar. 29, 2011

Chairman Sheila Bair discusses the FDIC's meeting today on proposed rules requiring lenders to keep a stake in loans they securitize.  Bair, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," also discusses a measure that would require "systemically important" firms to draft plans for how their operations can be resolved after a collapse. 

Links inside.

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Wednesday
Mar302011

Case-Shiller: Home Prices Fall By Most In A Year, Outlook Grim; Bloomberg Interview With Dr. Robert Shiller

 

Video - Dr. Robert Shiller - Mar. 29, 2011

Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the outlook for the U.S. housing market.  Residential real estate prices dropped in January by the most in more than a year, raising the risk that U.S. home sales will keep slowing.

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Wednesday
Mar302011

CoreLogic Says Housing 'Shadow Inventory' Is 1.8 Million Units; Morgan Stanley Says 8 Million

If you extrapolate, Morgan Stanley's calculations means we have a shadow inventory of 38 months, on top of the current 8.7 months supply.   This would imply almost 4 years of backlog.  Gary Shilling says that home prices will fall another 20% before hitting bottom.

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Wednesday
Mar302011

HAMP: House Republicans Vote to Abolish Foreclosure Assistance Program, Obama Threatens Veto

Wednesday
Mar302011

Brian Williams, NBC News Stay Mum On GE’s $0 Tax Bill

Wednesday
Mar302011

Bernanke On Oil Price Shocks

Tuesday
Mar292011

Ratigan: "We Spent Four Times More On Clinton's Blowjob Than We Did Investigating The Financial Crisis"

Video - Dylan Ratigan with Michael Lewis - Comparing the cost of the largest federal investigations versus that of the FCIC - Feb. 2, 2011

Runs just 25 seconds.  Video is on the front page.

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Tuesday
Mar292011

Dr. Michio Kaku: Reactor #3 Has Been Breached: "There Are Now Three Major Nuclear Meltdowns In Progress"

Tuesday
Mar292011

ING Banker Bonuses Axed By People Power: 100% Bonus Clawback Tax Passed Retroactive To 2008

Tuesday
Mar292011

Preacher Delivers Sermon On The National Debt: "The American People Are Like Sheep"