February 2012
1 post
March 2009
1 post
October 2008
3 posts
Dow 8500? Check. 40% stock market decline from...
September 2008
6 posts
Economists Not Into Paulsen and the Bailout, After... →
Maybe there aren’t weapons of mass destruction in Iraq either?
Feeling Angry? Looking For Someone to Blame? Start... →
Not at all the usual liberal claptrap from NPR.
AIG Barely Clinging To Life...
AIG shares fall as it fights for a lifeline
Hank, they fucked us.
You, me, pension plans, anyone with mortgage insurance, an IRA, a 401k. If the company you built (and were tossed out of) goes down, the rest of the world would be smart to write us off, cut us loose, unpeg, decouple. The counter-party risk is incalculable. The 17-year-long Japanese recession will seem tame by comparison.
The...
And Tonight, It Begins...
Lehman may face failure, Merrill may be bought
(The perpetrator is being described as a tall, well-groomed business man last seen making off with the wealth of the middle class.)
What would happen if the U.S. government spent all of its “cash reserves” on nationalizing moral-hazard behemoths Fannie Mae and Freddie Mac and didn’t have anything left to bail out one of the...
August 2008
1 post
July 2008
8 posts
Known Communist
Treasury Secretary/Goldman Sachs Chairman Henry “Hank” Paulson.
After Hank and every banking regulator in the country stood idly by while the Real Estate Industrial Complex conducted the greatest Ponzi Scheme of all time by perpetrating temporary home ownership on the middle and lower classes and watching his cronies bank eight- to nine-figure annual bonuses on the profits generated...
Here It Comes...
Office of Thrift Supervision Shuts Down IndyMac
“This institution failed today due to a liquidity crisis,” OTS Director John Reich said.
Washington, Wall St. Weigh Fannie, Freddie Help
“Without them, our economy would collapse,” Piper Jaffray analyst Robert P. Napoli said in a note to clients.
S&P 500 Plunges Into Bear Market
Bank of America’s chief...
June 2008
3 posts
5 tags
3 tags
U.S. Stocks Tumble, Sending Dow to Worst June...
It strikes me with particular forboding that the ibanking douchebags took this long to figure out that when you drain the very last drop of blood from the middle class, there is no one left to steal money from. They did a magnificent job of finding a way to bleed the poor through selling the American Dream of (temporary) home ownership, but that too will have to eventually come out of the middle...
“Demand is not slowing down. It’s just going to
another location.”
–
David Lereah, Former Chief Economist of the National Association of Realtors