Archive for the ‘Bank Bailout Count’ Category
Tuesday, May 12th, 2009
The government under Teddy Roosevelt's administration busted up Standard Oil and John D. Rockefeller was informed of this while golfing on his private course. When asked what he was going to do he stated calmly, "buy standard oil." Somehow it never occurred to anyone else that calling it a different ...
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Friday, May 8th, 2009
Another piece of Obama's economic stimulus was put into play today as the FED released the results of its so-called stress test of the 19 largest banks. The purpose of the test is to verify the financial worthiness of the banks, and estimate their ability to with stand high-stress economic ...
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Saturday, April 25th, 2009
Bank of America reported its fiscal first quarter 2009 earnings today in a fraudulent sham and spectacle rigged to exaggerate profits while hiding losses. It was an old page torn from the remarkably thin play book called Masters Shaft the Universe. Once again, America's decrepit financial sector has proved that ...
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Tuesday, April 21st, 2009
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"First they ignore you, then they ridicule you, then they join you" goes the old saying, and that's exactly how it's gone for Peter Schiff, Nouriel Roubini, and others who trumpeted the housing and credit bubbles as the main stream press peddled lies from Paulson, Greenspan and Bernanke. Reality is setting ...
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Monday, April 20th, 2009
Geitner and Summers toxic assets plan amounts to the wholesale mass robbery of the entire nation, and it seems Obama is securely on board. What's more is that the American taxpayer is sittin' on his ass at a crucial moment again. Imagine that!
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Thursday, April 16th, 2009
Success has many fathers, but failure is an orphan, that's what management at Goldman Sachs was thinking when they reported fiscal first quarter 2009 earnings after the bell today. The bank proudly fathered its profits as it quietly orphaned its losses on the Street where they thought no one would ...
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Monday, April 13th, 2009
The present is arguably the most crucial period of recorded human history. The stakes have never been higher, but down on Wall Street everything seems to continue just as usual. The name of the game is "Dump the Bedpot on the Taxpayer's Head."
The audacity of America's financial and political elites ...
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Thursday, April 9th, 2009
The stated purpose of requiring publicly traded companies to report their earnings every fiscal quarter/year is to keep investors informed of the company's status, but the way wall street games the reports makes you think the gaming is the real reason. Microsoft is famous for low balling expectations in advance ...
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Wednesday, April 8th, 2009
Former bank regulator and S&L accuser Bill Black so enraged Charles Keating that he was actually put on a Keating hit list (see the video). Recently he worked hard to elect president Obama, but says (at around 17:40) the new boss's economic policies are substantively bad, completely lack integrity, and ...
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Sunday, April 5th, 2009
It's reassuring to hear Treasury Secretary Timothy Geithner say he will do difficult things if they need doing. Take slamming the door on an empty barn as a hyperbolic example. In actuality he would never do anything so controversial.
Treasury Secretary Timothy Geithner said the federal government might remove top bank ...
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