May 7, 2009

Bank “Stress Tests” Results Are Finally In: Fed Licks It’s Chops

The long-awaited, much heralded bank “stress test” results were FINALLY released today. Turbo-tax Tim Geithner delayed them a few days, and waited until after the market close today…although much of the news was intentionally leaked before the release. Leaks claimed that the test found that Bank of America needs $33.9 billion in additional capital. The […]

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March 5, 2009

Chris Dodd Wants $500 Billion For The FDIC

I wish I could tell you this was a joke, and you could stop hyperventilating, but it is not. Mr. EZ Mortgage, Senator Chris Dodd, has heard the cries from the FDIC (going broke) and is charging in on his silver hair. I mean silver-haired steed. The FDIC is trying to squeeze more money out […]

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February 27, 2009

Toxic Assets Indeed!

Many times we’ve discussed the “toxic assets” held by the banks, and the role they are playing in the global economic meltdown. One of the problems with these derivative securities is this: most of them never traded on any exchange, so valuing them is difficult. The banks had been valuing them at 100% or more […]

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January 22, 2009

Right Sightings

The John Murtha Jihadist Correctional Facility: Michelle Malkin GOP/Pro-Lifers Urge Obama: Reconsider Drastic Expansions Of Abortion Rights: McClatchy DC Martial Law Threatened? Santa Monica Mirror Gitmo Going Bye-Bye; Terrorists Say “Hi America”! The Raw Story Merrill Lynch’s Bank Of America’s Thain Quits After 3 Weeks: Moneynews We Can’t Trust Timothy Geithner: Glenn Beck Obama Blows […]

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January 19, 2009

Are We Going To Sit On Our Hands?

The TRUTH From The Ticker: This is from today, in it’s entirety. Remember this as you watch the $170 million dollar Obamabash tomorrow. Quake in your boots as you realize Tim Geithner, who can’t do his own taxes right, will most likely be the next Jack Sparrow of the Treasury. Any premise that the “global […]

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January 18, 2009

The Vampires And Corrupters Of Capitalism

In the clip below, CNBC’s Dylan Ratigan, host of ‘Fast Money’ and ‘Closing Bell,’ explains why Citigroup’s potential deal with Morgan shows just how bad things are. Sandy Weil and the boys are taking the ride of their lives. Anything less than outrage over this idiocy and flat-out theft is heartbreaking. On Friday, Bank of […]

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