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.
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.
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.
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.
SCOTUS ruled on March 21 - yesterday was the 5th business day.
Video - Mar. 29, 2011
The murder of protesters continues while no one is watching...
The clip presented here is excerpted from 'Motorcycle Kill,' a video collected and shared by members of the “kill team” of U.S. soldiers who murdered civilians in Afghanistan and mutilated the corpses. The jumpy, 30-minute video – shot by soldiers believed to be with another battalion in the 5th Stryker Brigade – shows American troops gunning down two Afghans on a motorcycle who may have been armed. Even if the killings were part of a legitimate combat engagement, however, it is a clear violation of Army standards to share such footage. The video was taken on patrol with a helmet-mounted camera; at one point, the soldier shooting the images can be heard boasting, “I got it all on camera.”