Archive for the ‘BREAKING NEWS!’ Category
Friday, May 22nd, 2009
Morgan Stanley prospered in the credit bubble by peddling all manner of subprime snake oil and toxic contagion to all creatures of lesser credit rating. Then the bubble burst like a chameleon and Morgan Stanley changed its colors to become a plain old bank. Fortunately, the bank can't hide the red ...
Posted in BREAKING NEWS! | 1 Comment »
Tuesday, May 19th, 2009
Think this is no biggie,? Think again. This is how food riots begin. Witness:
More lenders are tightening their restrictions for agricultural loans in the Midwest at the same time that repayments on loans have dropped, The Federal Reserve Bank of Kansas City says.
The Federal Reserve reported Friday that its quarterly survey ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Sunday, May 17th, 2009
Armed with their new "Mark-to-Mickey Mouse" accounting sub-standards, JP Morgan felt free to report their fiscal first quarter 2009 earnings in the traditional manner of the credit bubble. They frontloaded profits with one time gains, papered over losses, and beat phony prearranged expectations. On paper at least, the ruse worked. ...
Posted in Bank Bailout Count, BREAKING NEWS! | 4 Comments »
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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Saturday, May 9th, 2009
Anyone who doesn't believe that the The Federal Reserve is moving for one world dictatorship had better open at least one blind eye to see the obvious. Some know that The FED is a private bank, but it's more accurate to say it's cartel of banks. The owners are themselves ...
Posted in BREAKING NEWS!, CENTRAL BANKERS | No Comments »
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 ...
Posted in Bank Bailout Count, BREAKING NEWS!, CENTRAL BANKERS | 7 Comments »
Wednesday, May 6th, 2009
There are lies, dammed lies and the lies Paul Krugman tells. His do the most damage because people actually believe him, which gives the Obama administration political cover to transfer wealth from the lower 99 percent to the rest. Krugman's credibility is gained from pieces like this one.
The cost to ...
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Monday, May 4th, 2009
There is a lot of hype and horse-spittle swirling around the main stream financial media spin rooms today over the pending homes sales numbers. The housing bubble is the head of this credit horse; it led the ballooning out and it was the first part of the beast to pop ...
Posted in BREAKING NEWS! | 1 Comment »
Thursday, April 30th, 2009
The fact that Barney Frank wants to give the Securities and Exchange Commission oversight of the hedge fund industry should destroy any lingering disbelief about whose business his interests are in:
The chairman of the U.S. House of Representatives Financial Services Committee said Congress will give the Securities and Exchange Commission the ...
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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 ...
Posted in Bank Bailout Count, BREAKING NEWS! | 1 Comment »
