Archive for the ‘BREAKING NEWS!’ Category

Dark Star

Thursday, July 16th, 2009

Goldman Sachs is imploding right before your very eyes -- though they do not see. The gale force winds blown by the mainstream financial media over Goldman Sachs' second quarter profits cloud the fact and confuse the issue. The fact is Goldman Sachs, in its rapacious quest for profits, is ...

Security Savings Bank: Not-So-Solid Ground

Thursday, July 16th, 2009

Below: Clips from SSB's marketing material, touting the "divine" origins of the bank. As questions swirl over a small Kansas-based bank’s future, one question in particular looms largest: how could regulators have let this happen? An Investigative exclusive By Teri Buhl, reporting for the Implode-o-Meter Executives at Olathe, Kan.-based Security Savings Bank have ...

Golden Gangster

Monday, July 13th, 2009

                                          It's another all-out pump-up-the-market-for-fiscal-earnings-reporting season, and it looks like Goldman Sachs is going to carry the ball for second quarter 2009. The hype is up and the spin is already dizzying. Everybody seems to have forgotten that just a few short months ago the golden one was on the ...

Productivity Bubble = Kahn Job

Friday, July 10th, 2009

The US Federal Reserve, recently outed as the villainous culprit of the Dot Com Bomb and the current credit crisis, is shifting blame for the housing collapse. In a classic move of "Fedicism," the central bank has hired one of its own to do provide academic cover for their theft. ...

Oil Prices Need Government Supervision

Thursday, July 9th, 2009

The bankers have Britain's Gordon Brown and France's Nicolas Sarkozy so deep in their pockets that they have to pump daylight down to them. For proof, one need look only at how eager the pair is to push their respective economies, already clinging by the fingernails, off the cliff into ...

China Pulls Away

Tuesday, July 7th, 2009

Inflation or deflation. Which will it be? There are people smarter than me on both sides of the argument, but until now, nobody with their butts on the line has had to make a move one way or the other. Over the past few months, China has made some guttural ...

Goldman Scams

Tuesday, July 7th, 2009

The Wall Street Journal is asking "Goldman Sachs Quant Code Case: How Big a Deal Is It?"  The short answer is that it's not a very big deal at all. Why? Let me count the ways. Oh, but where do I begin. Firstly it's Goldman Sachs, so they'll get ...

Give us More More More Stimulus

Friday, July 3rd, 2009

The banker billionaires must be bellowing up to the "give us more more more" bar. Seems a little bit of reality in the jobs numbers chopped the "green shoots" theory down to size, and since the first stimulus did not work so well, Congress has decided to do another. Nancy Pelosi, ...

The Times

Wednesday, July 1st, 2009

Long, long ago, doing our best for others meant bringing ourselves into the streets, where the political machine could not touch us.  Those days of yore entailed missiles in October, a place called Vietnam, a precarious risk for defenders of the status quo and outright danger for those who challenged it. ...

Citi Cover Up

Thursday, June 25th, 2009

Citigroup share holders and taxpayers alike thought the Citigroup blood bath would never end. Even as the bank celebrates its first profit in five consecutive quarters, the bleeding hasn't subsided. The bank's fiscal first quarter 2009 $1.6B profit is the result of a concerted public relations effort spun with accounting tricks ...