Video: BP well is capped -- July 13, 2010
BP has successfully lowered a new containment cap onto its leaking well, the latest of 8 attempts to control the gushing oil since the start of the disaster in the Gulf of Mexico 85 days ago. However, if Matt Simmons is correct about a massive leak from the sea bed, then the problem is far from over.
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Video: Rep. Ciro Rodriguez from Texas -- July 12. 2010
Decent clip if you enjoy live confrontation. More health care CBO mud wrestling.
“There is a cliff we are racing toward — it’s huge,” said Richard Barwell, an economist at and formerly a senior economist at the Bank of England, Britain’s central bank. “No one seems to be talking about it that much.” But, he added, “it’s of first-order importance for lending and output.”
Video: Dow Jones' Meena Thiruvengadam with Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, on monetary policy, economy -- July 9, 2010
His comments on the relative failure of the Fed's quantitative easing program are surprisingly honest. Meena, the interviewer enunciates so clearly that I became upset at my screen.
Former Bank of America CEO Ken Lewis tries to smile. Lewis ran the show when the fraudulent transactions took place. He will not be punished.
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As I've written repeatedly, Lehman was not alone in hiding the truth from investors and regulators. As we will likely soon hear in a report from the SEC, offloading troublesome debt for a few days at quarter's end (ostensibly to hide true leverage ratios) was widespread among the mega banks.
The most entertaining part of the BofA story, is their claim that it wasn't done intentionally. That's a priceless excuse, and it appears it may have worked, at least as far as SEC punishment is concerned.
In the interest of full disclosure, I took 2 classes from the author, Dr. Patrick Michaels, while I was an undergraduate at the University of Virginia. I am not making the case that global warming is false, simply that the science should be transparent and that all points of view deserve a fair review, which is a far cry from the current treatment received by any research that even remotely challenges the man-made global warming establishment.
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Volcker gives finreg a 'B' grade. Obvious grade inflation. 'D+' and that's generous.
When calls to Congress were running 99 to 1 against TARP, and members chose to support the banks and ignore their constituents, we warned of the impending backlash. Now it has arrived in force, and incumbents are quaking from Maine to Hawaii. The New York Times has the details in a new story this morning.
Photos of the guilty are included inside.
Jul 13, 2010 at 2:06 PM
