Apr 3, 2013 at 2:06 AMTHIS IS NOT A JOKE: Lanny Breuer Named Vice-Chairman Of Covington & Burling, Will Head White Collar Criminal Defense Division
Best clip from The Untouchables. Full story inside.
Charlie Munger On The Bailouts: "Suck It Taxpayers!"
Chalie Munger has a message for anyone who might want to compain about the bailouts.
Munger says we shouldn't be "bitching about a little bailout," we should wonder why the bailout wasn't even bigger.
"You should thank God for bank bailouts. Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies."
WATCH LIVE - Bloomberg TV
Streaming live Bloomberg financial network. Always on 24/7.
"The American Sky Will Be Dark With Drones"
Domestic drones on patrol. Good clip. Full story inside.
A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up
Why did the Federal Reserve Bank of New York, whose Chairman was Stephen Friedman (a Goldman Sachs board member who resigned from the New York Fed earlier this year when it was revealed that he had made $5 million by purchasing shares in GS with the knowledge that AIG would be paying counterparties at par and that Goldman would be getting a $13 billion windfall -- when no one else had this information) and whose President was none other than current Treasury Secretary Tim Geithner, why did this New York Fed choose to pay AIG's counterparties 100 cents on the dollar when AIG itself had been negotiating for steep haircuts with claimants, AND why did they then pressure AIG executives to keep quiet about the decision even discouraging AIG from disclosing the 'par-payments' to its shareholders in required SEC filings?
Three Year Old Girl Threatens To Kick North Korea's Ass
Three year old girl frightens Kim Jong-Un.
Kim Jong is gonna kick my ass? 17 million views on Youtube and counting.