Wednesday
Dec052012
Dec 5, 2012 at 12:51 PMWednesday
Dec052012
Kroft: Why Have No Banking Executives Been Prosecuted?
Video is a web-exclusive and was not broadcast on 60 Minutes.
Steve Kroft gives up hope.
At the 5:18 mark, Kroft's epitaph is utterly sickening in its hopelessness:
"I think this is the last story I’ll do about nobody being held accountable because I really have sort of given up. I don’t think that the federal government—either the S.E.C. or the Justice Department—are going to believe in bringing cases against individuals. I just don’t think that they’re going to."
Wednesday
Dec052012
Trader Arrested After $1 Billion Trade In Apple Goes Wrong
Trader Is Arrested After $1 Billion Trade in Apple Goes Wrong
Mises - Paul Krugman And The Myth of European Austerity (Great Read)
Pension Manager In Greece Attacked By Crowd, Clothes Ripped Off - Reuters
U.S. Corporate Profits Hit RECORD As Wages Get Squeezed - CNN
Outrage Over Calls in Hungary Parliament For Jews to Be Registered | Reuters
The Coming Derivatives Panic That Will Destroy Global Financial Markets
Stocks to Rise 12% in 2013: Goldman Analyst Tells CNBC
Bond Investor Gundlach Buys Stocks, Sees 'Kaboom' Ahead
Derivatives: The Unregulated Global Casino for Banks
UK Banks Face $100 Billion Black Hole - Telegraph
Blink! U.S. Debt Just Grew by $11 Trillion
Washington Proposes $1 Trillion Bailout for Delinquent Student Loans
Union solidarity rubs up against slow economy in LA port strike | Reuters
Iranians Discover Virtual Currency - Business Week
Is Stability In Banking System Creating Fragility? - John Carney CNBC
10 Things Cable Companies Won’t Tell You
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Wednesday
Dec052012
Santelli: 'Barack O-BLAME-A' Shirks Responsibility
'Dog ate my homework' won't cut it anymore.
Tuesday
Dec042012
Tuesday
Dec042012
REPORT: Soros & Paulson Add To Massive Gold Positions
Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, owns 21.8 million shares in the SPDR Gold Trust, making him the biggest shareholder, a Nov. 15 SEC filing showed. The 56-year-old raised his stake by 26 percent in the second quarter and his holding of about 66 tons exceeds the official reserves of nations from Brazil to Bulgaria to Bolivia.
Tuesday
Dec042012
Hypocrisy Of Morgan Stanley CEO Knows No Bounds
- Morgan Stanley CEO Pushes 'Shared Sacrifice' As He Lobbies For HUGE Tax Breaks
- Larry Summers For Fed Head? -- 17% Say Yes, 49% Say Hell No
- UBS Nears Plea Deal With United States, UK Over Libor | Reuters
- Mother Inherits Dead Son’s Student Loans - ABC News
- Italy Unemployment Rose to Highest in 13 Years in October - Bloomberg
- Spain's Jobless Number Nears Record 5 Million
- Republican DeMint Criticizes Boehner’s Deficit Plan For Too Many Taxes
- HMA feels negative fallout from ‘60 Minutes’ story - MarketWatch
- U.K. Targets Google, Amazon, Starbucks on Taxes - CNN
- Microsoft’s Surface Tablet Priced to Gather Dust - MarketWatch
- World’s Richest Man Faces Clampdown in Latin America - Bloomberg
- Couple faces $97K in fines for using their own driveway
- GunBroker.com Records 23% JUMP In Cyber Monday Sales
- Researchers find 28 cases of chronic brain damage in football players - ESPN
- The Real Thomas Jefferson - NYTimes.com
Tuesday
Dec042012
Rick Santelli On Crossing $16 Trillion In National Debt
We have added more than $300 billion in the past three months and are now rapidly approaching $16.4T. See U.S. Treasury Debt Page...
Tuesday
Dec042012
Tuesday
Dec042012
LINKS: Apple Paid Just 2% Tax On Overseas Profits Of $37B
- APPLE Paid Just 2% Tax On Overseas Profits Of $37 Billion Last Year
- HSBC Finally Starts to Liquidate $45 Billion Portfolio of U.S. Subprime Debt
- Is the FHA's Insurance Fund Worth a Negative $31 Billion? - John Carney CNBC
- Ex-National Lampoon CEO Tim Durham Gets 50 Years in Prison for Fraud - Bloomberg
- 110 Potential Buyers For Hostess, Company Says
- Ford Restarts Lincoln Motor Company
- What the Invisible Farm Labor Shortage Is Really About - CNBC
- Macau Gangster Who Missed Boom to Be Freed After 14 Years - Bloomberg
- More Than Two-Thirds Of U.S. Corporations Pay No Federal Income Tax
- Dolce and Gabbana Face $500 Million Tax Fraud Case - Telegraph
- Moody's Downgrades Euro Bailout Fund - That Was Quick!
- Norway Wealth Fund to Spend $11 Billion Buying U.S. Real Estate - Bloomberg
- Was the Fed Afraid to Lower Rates in 2008? - John Carney CNBC
- World’s Largest Milk Co-Op Delivers Skimmed IPO
- Sony's New Ultra High-Definition 84-inch TV Coming to U.S. With a $25,000 Price
- SOROS Think Tank Recommends Big Cuts To Military Benefits
- Egypt's Muslim Brotherhood Thuggery
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Monday
Dec032012
Boehner To Geithner's Face: "You Can Not Be Serious!"
'We're nowhere. Absolutely nowhere.'
"I was just flabbergasted. I looked at Geithner and said 'You can’t be serious.' I’ve just never seen anything like it."
"They wanted to extend unemployment benefits, they wanted a new stimulus program for infrastructure, they wanted to extend some other tax breaks. And all of this new stimulus spending would literally be more than the spending cuts that he was willing to put on the table."
More inside.