SPONSORED BY
Hank Paulson Is A Criminal - Pass It On
Bernanke's Failures Caught On Tape
"The Federal Reserve Is A Ponzi Scheme"
THE FED UNDER FIRE: Must See Clip
Bernanke's Replacement: Happy Hour In Santa Cruz
Must See: National Debt Road Trip
"Of Course We're Not Going To Payback the Chinese."
Dave Chappelle On White Collar Crime
Carlin: Wall Street Owns Washington
SLIDESHOW - The 11 States Most Likely to Go Bust
SLIDESHOW - 7 Really Big Holes - Don't Miss #7
SLIDESHOW - Molotov Cocktails In Greece
SLIDESHOW - The Sights, Sounds & Women of Texas
SLIDESHOW - Genius Signs From Irish IMF Protest
SLIDESHOW - Egyptian Revolution - Graphic PICS
SLIDESHOW - U.K. Student Riots
SLIDESHOW - Airport Security Cartoons - TSA
Very average performance from Couric. Geithner needs to be interviewed with a heavy hand to get him to answer anything honestly and directly. Video and transcript are inside.
PBS' Bill Moyers appeared 2 weeks ago with Bill Maher on HBO's Real Time. Discussion was wide ranging and included politics, history and health care. The most salient observation from Moyers was one we've been shouting from the rooftops, both Republicans and Democrats are appallingly beholden to, and co-opted by, a narrow set of corporate interests. Lobbyists wield the power and control the issues. Voters are lawn ornaments.
President Obama sat down with CBS' 60 Minutes yesterday for the 2nd time this year. Healthcare reform and the economy were the basis for the discussion. We have the transcript and video.
Europe's resident bailout socialist, head of the ECB, Jean-Claude Trichet sat down with Liesman this morning. Trichet does not drink the common kool-aid that the Lehman failure caused the crisis. If you can stomach his accent it's worth some time. There are 3 clips and 14 total minutes.
This is one that you shouldn't miss...runs less than 3 minutes. The caveat to the previous directive, if you like large wasteful government, then don't watch. The rest of us, pop an adult beverage and relax for a few minutes. It's Friday night, and you survived another week.
Welcome to Brooklyn, Mr. Cassano. On the menu this afternoon is one of our house specials...we call it 'step on over and eat this punk pie, bitch." Hope you enjoy your meal.
Morgan Stanley CEO, John Mack, announced his retirement yesterday (effective in the Spring of 2010), and named his replacement, James Gorman.
Gorman joined Morgan Stanley in 2006 as Jefe of Global Wealth Management and was named co-president of MS in 2007. Prior to Morgan, Gorman held several scum-sucking positions at Merrill Lynch.
Bloomberg sat down with Gorman in June to discuss executive compensation, clawbacks, TARP repayment and Wall Street criminality. Repayment of AIG counterparty, conduit payments was not discussed. The shameless tour of generational rape rolls on.
Ten-minute clip and quotes from Whitney's appearance on Squawk this morning. Goldman Sachs gets some love now that their chief competitor Lehman is in ashes, but the bodacious bear sees a correction ahead for stocks.
Turbo has been called before Dr. Warren beginning at 1 pm est Thursday. Live streaming coverage will be available on the COP website. This one could get contentious. Elizabeth is tired of being ignored.
The Daily Show's Jon Stewart to White House CEA Chief Economist Austan Goolsbee:
Goolsbee is the worst type of economist--incessantly political and biased, essentially a shill. Listen to his response about the stimulus. Just 8 weeks ago there was rumbling about a new stimulus when only 15-20% of the current one has been spent. Now, Goolsbee is giving the 80% un-spent, generational rip-off credit for ending the recession. Did we mention we hate political economists, as though the pseudo-science needed further trashing.
To Stewart's credit, he pushes Goolsbee on the deficit, reminding him that we need a magical Leprechaun to escape our budget problems. It's a funny clip.
In breaking news reported by John Tate just moments ago, Congressman Dr. Ron Paul tells Campaign For Liberty that Barney Frank has officially agreed to hold hearings on HR 1207, Paul's bill to audit the Federal Reserve. Tate reports that Frank has tentatively scheduled the first hearing for Friday, September 25 at 9 AM.
While this is a tremendous victory, especially in light of this new, stunning expose on Fed domination of Economics Academia, it is but a battle won. Pressure needs to be applied to the Senate in support of S 604. Visit the link and sign a simple petition. You can do your nation some good with about 3 clicks and 60 seconds.
Several related links and 3 new Ron Paul videos are after the jump.
There was an interesting email in my in-box this morning from a CNBC producer, alerting us to the following event. Tim Geithner has agreed to take questions from the unwashed masses, in a live Town Hall tomorrow night at 7pm est.
This is your our chance. We missed the opportunity with Digg, Geithner and the WSJ a few weeks ago, but you submitted some outstanding questions in comments that the Treas Head should see. The rules encourage both written and video queries.
I will be submitting the following 9 questions:
Make sure to submit your questions here
Congressman Ron Paul from Bloomberg radio with Tom Keene broadcast September 1, 2009. Everything is in here: an update on HR 1207 to Audit the Fed, an honest discussion of interest rates and Federal Reserve monetary policy, Senate traction on HR 1207, Constitutional Liberty and Freedom, the health care debate, the 1-party political structure, debt bubbles, Greenspan, Bernanke, inflation, the gold standard, the history of the Fed, TARP, Wall Street bailouts, transparency and more.
Guest post by Wil Martindale of LetThemFail.us
Based on conversations this weekend, it appears that otherwise seemingly reasonable American’s have fallen prey to the BLAME trap, set to pit 99% of the world’s population (the working class) against one another, to divert attention away from the manipulation and scheming of the 1% (stealing class) that rules over them.
At the risk of repetition, I will say again that the current unsustainable debt situation in America is not the grand scheme of the EVIL REPUBLICANS and the evil George Bush who led us into despair. The EVIL REPUBLICANS DO NOT have a ruthless agenda to destroy Obama at all costs by slandering his health care proposals with tales of DEATH SQUADS indiscriminately euthanizing seniors. And the EVIL DEMOCRATS are not out to socialize America by turning it into the Handout Nation of Crony Communism.
Republicans would do well to take note that it was NOT the evil Democrats who single-handedly steered us into a series of unending wars from Vietnam to Desert Storm and Iraq to Afghanistan. And Democrats would do well to take note that it was not the evil Republicans who deregulated derivatives under the Clinton administration, during the Greenspan era.
The sad fact is that all the unconstitutional policies which have steered our country into the direction of ruin are neither Republican nor Democratic in nature–they are the ideological policies of the Globalists. If you disagree with them, do not so much consider yourself a Democrat or Republican, but rather a Sovereignist: one who believes in the authority of the Constitution of the United States.
Guest post by Brett Buchanan from ItsNotRealMoney.com
What is certain about these tumultuous times is that in the end we will emerge a different nation. Transformed by a radical departure from our archetypical past today’s leaders shape the new world by way of proxy, substituting politically expedient rhetoric for the cold hard truths they fear a childish public would not understand. Design our lives without our consent, without our consult or choice, they will make our decisions for us because in their eyes we are incapable of making them ourselves.
In the wake of this great economic crisis we will be left alarmingly in debt to the rest of the world, debts which future generations will be forced to repay without ever having agreed to such burden. We will be a society of haves and have nots where the gap between the rich and the rest of us is painfully apparent to even the blindest person. We will be a nation eroded and unrecognizable to its core principles. We will suffer the subtle loss of freedoms as our government slowly chips away at our right to choose. This idea, that we are free to choose, is in fact the most important freedom we as a people were ostensibly gifted by the architects of our constitution. And it is on this freedom that our future hinges.
Barry Ritholtz on with Dylan Ratigan from August 18, discussing Pay Czar Kenneth Feinberg's decision to seek compensation clawbacks from top executives of bailed-out banks and auto manufacturers.
FROM THE OFFICE OF SATAN:
"Prince of Lies and Proud of It"
Dear Hank:
You have outdone yourself once again, my loyal servant, with these fraudulent, deliciously deceptive proposals to reform the utterly corrupt financial system you exploited so profitably as head of Goldman Sachs.
My plans for the destruction of the United States of America have been going along rather swimmingly until we rushed things a bit with Bear Stearns--ah, the wondrous power of pure, unmitigated greed!
Diana Olick is one of my favorites at CNBC. She has covered the mortgage and foreclosure crisis more ably than anyone on financial television the past 24 months, and she has built substantial credibility simply by telling the truth without hype.
If you haven't seen this story yet, the MBA, has been shopping a reform proposal around Washington that would fundamentally shift GSE mortgage risk from taxpayers to the private sector through the creation of MCGEs (mortgage credit guarantor entities). The chief architect of the MBA's plan Michael Berman stepped up for an interview yesterday to explain the proposal.
Maybe the best interview with with FDIC head Sheila Bair I've seen. There's a lot in this clip from last night's Kudlow & Company. Article link and quotes are inside.
Sep 15, 2009 at 7:48 AM