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Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


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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

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Wednesday
Aug252010

CARTOON OF THE DAY: Obama's Secret Service

Wednesday
Aug252010

Chris Whalen Destroys Buy-Side Clown (VIDEO)

What an idiot.  You're a mid-level portfolio manager and you agree to appear on CNBC to discuss bank stocks and earnings against the greatest banking analyst of the last 2 decades.  And you're unprepared.  You deserve the annihilation.

Second clip inside of Whalen with Larry Kudlow and James Glassman discussing the Fed, economy, recession.  Yes Glassman, the Dow 36,000 nimrod.  Do I still show glimpses of PTS from years as a tech bubble short seller?  Probably.

From Whalen's email to the Bail:

  • "This is a great example of how the Street is walking into the buzz saw on financials, happily buying lower revenue and poor quality earnings."

Keep watching.  Whalen does not let up with the beatdown until Burnett closes the interview.

Click to read more ...

Wednesday
Aug252010

Jon Stewart Annihilates Blagojevich: I Really 'Want To Believe You're Not A Sociopath' (VIDEO)

Daily Show Video:  Jon Stewart with Rod Blagojevich -- Aired Aug. 23, 2010

Outstanding interview.  Best I've ever seen with Blago.  Stewart is righteous and combative.  Make sure you hear the FBI tape at the 5:50 mark of part 1.  Parts 1 & 2 are inside.  Heads up -- This is the uncensored version so there is some profanity.

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Wednesday
Aug252010

Must See Charts -- Housing Cliffdives, U.S. GDP By Decade, History Of World GDP, Deficits With/Without The Iraq War

Notice the blip on the far-right for July 2010.  Anyone have another adjective besides fugly?  More chart porn on the flip.

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Tuesday
Aug242010

S&P Downgrades Irish Debt On Concern Over Cost Of Bank Bailouts, Outlook Negative

Video:  Live clip of Stiff Little Fingers performing Alternative Ulster -- 1979 Tour

European markets open in 4 hours.  This is not a helpful data point for the bulls.

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Tuesday
Aug242010

Boehner To Obama: Fire Geithner And Summers (VIDEO)

Analysis, several links, and a bonus clip as the Founding Fathers search for Boehner all over the best golf courses and tanning salons of Northern Ohio.

Click to read more ...

Tuesday
Aug242010

KC Fed President Thomas Hoenig On Housing, Banks, Fannie, Freddie & Deleveraging (VIDEO)

Tuesday
Aug242010

Market Strategist Charles Nenner: Dow Could Fall To 5000 In Next 24 Months (VIDEO)

Tuesday
Aug242010

White House Leaks On Fannie, Freddie Restructuring (WSJ)

Monday
Aug232010

Mark Pittman 1, Bernanke 0 (FED Loses Latest Appeal To Limit Bailout Disclosure -- Supreme Court Is Next)

The N.Y. Federal Court of Appeals has ruled and it's not looking good for Bernanke.

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Monday
Aug232010

Steal Groceries, Go To Jail; Steal Billions, Get An SEC Wells Notice (Gasparino On Lehman Developments)

Links, video and quotes transcribed inside.

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Monday
Aug232010

UPDATE: Shore Bank Closed By FDIC (End Of The Line For Bailed Out Bank With Strong OBAMA Ties)

Monday
Aug232010

NATIONAL DEBT WATCH -- Latest Figures On Government Spending, Total Federal Debt & FY 2010 Deficit

We've got $900 billion more to go until we bump against the latest debt celiling at $14.3 trillion.  Figures are inside.

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Monday
Aug232010

Monday Morning Reading (42 Stories, August 22, 2010)