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« History Of U.S. Debt Defaults, U.S. Considers Asset Sales To Pay Bills, Registrar Vs. Robosigners, As SEC Starves Wall Street Tossed A Bone, Bernanke Rules On Chatty Fed (Links) | Main | How Goldman Sachs Turned A $1.3 Billion Investment From Libya Into $25 Million In Less Than A Year (A 98% LOSS) »
Monday
Jul182011

Max Keiser: "Lloyd Blankfein And Tony Blair Have Been Marked For Death By Libyan Hit Squads"

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A suicide cult is driving the US economy off the cliff by keeping the United States in a perpetual state of war and by “eviscerating” the middle class, says an economic analyst.

“The only way you can rationalize what the American policy makers are doing is to see it in the context of a suicide cult,” Max Keiser said in an interview with Press TV.

http://www.presstv.ir/detail/182977.html
Jun 6, 2011 at 1:14 PM | Registered CommenterDailyBail
Jun 6, 2011 at 1:20 PM | Registered CommenterDailyBail
"The victim wants you to know that all of Dominique Strauss-Kahn's power, money and influence throughout the world will not keep the truth about what he did to her in that hotel room from coming out," Thompson said.

The Associated Press generally does not identify accusers in sex crime cases unless they agree to it.

Thompson said the 32-year-old woman has not worked since the encounter because she is traumatized. And she will not settle the case or back down.

"She is standing up for women around the world sexually assaulted who are too afraid to come forward," he said.

http://www.wjla.com/articles/2011/06/strauss-kahn-pleads-not-guilty-61854.html
Jun 7, 2011 at 12:14 AM | Registered CommenterDailyBail
Sorkin = apologist. He must have to scrub hard to get the muck off himself after writing this garbage...and ARS, learn the diff between "revenue" and "net revenue"...
Jun 7, 2011 at 10:53 AM | Unregistered CommenterJosie
josie...thanks for that link..hadn't seen it...let's delve deeper in revenues vs. net revenues...it's been a long time since i was a wall street analyst...what gets subtracted from gross revenues to arrive at net revenues...i'm sure i could find it thru google, but i've got other things going...
Jun 7, 2011 at 12:36 PM | Registered CommenterDailyBail
DB--I'm no CPA...but, as commonly used in my industry, "revenue" means gross revenue and "net revenue" means profit or net income. Or, net = gross - negative revenue.

The statement that in 2007, "Goldman reported net revenues of $11.6 billion, of which $3.7 billion was generated by the structured products group in the mortgage department, primarily as a result of its subprime investment activities" seems ok, if you believe GS. What makes ARS ignorant, or a con, is the statement: "But in 2007, Goldman Sachs reported revenue of $45.98 billion, not $11.6 billion. That's a big difference."

The crux of ARS' article is to explain away the negativity associated with GS and its activities (shorting) in the subprime market. What makes the article a farce is that ARS is using the wrong number (~$46 billion) to make his case. Ignorant or misleading/lying? You be the judge. I have my opinion...
Jun 7, 2011 at 2:46 PM | Unregistered CommenterJosie
gotcha...net income is the term and calculation i am used to...that makes sense...net revenue kind of threw me...i will read the piece again now...i skimmed it before...
Jun 7, 2011 at 3:42 PM | Registered CommenterDailyBail
Dog's Wheelchair

I was taught as a child that there are thieves & their job is to steal. If a thief takes my property, it's my fault because I know there are thieves ready to strike.

The BANKS, CORPORATIONS & GOV'MENT got me!!! Must have forgotten about the THIEVES.
Jun 21, 2011 at 9:02 PM | Unregistered CommenterTR
Very well put. The Spring on the clock is winding down at a quicker pace these days. Tick........Tick.............Tick............."Boom" !
Jun 22, 2011 at 4:00 PM | Unregistered CommenterTexas Dar
I read a book years ago entitled "The Fifth Horseman," written by Larry Collins and Dominique Lapierre. According to Max, The Colonel is REALLY pissed off. I don't blame him, however I hope he has not read that book, it's fiction, but I hope he has not read that book. Leo
Jul 18, 2011 at 3:10 PM | Unregistered CommenterLeo McCormick
Max Keiser says: "It's up to the people". Looks as though more people that know what's going on, are saying the same thing. Each day this B.S. continues, more people are waking up to the only solution left to them. Funny thing, the politicians forget that the World is connected, that increasingly more & more people are aware of the failures taking place, both here & abroad. Not sure that Ms Warren would consider, but she does appear to be the best shot the American people have to run for P.O.T.U.S. and I'd be willing to bet that she would probably win, again, as the 1st Female. Face it, if "O" can win being the 1st, even though he's mixed, along with most likely being the last, then why couldn't Ms Warren? Maybe not in '12, but in '16 for sure, that's of course the revolution hasn't begun before then.
Jul 18, 2011 at 4:28 PM | Unregistered CommenterNorman
i agree norman...i think liz warren is so well respected and so well liked that she would have a pretty good shot at the DEM nomination in 2016...but my question is 'how does she feel about the Fed, and the wars...?...
Jul 19, 2011 at 2:35 AM | Registered CommenterDailyBail

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