September 4, 2009

Right Sightings

SEIU Trying To Unionize Parents Of Special Needs Kids: Chicago Tribune Van Jones, Obama & Valerie Jarett–Do It Yourself Vetting: Michelle Malkin The Government Is On A Hiring Spree: Yahoo Finance True Unemployment Now Around 21%: Shadow Stats Olympia Snowe Catching Heat For Obamacare Support: Washington Examiner “I Am ANGRY.” : Red State At The […]

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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 11, 2009

Obama Spanks Congress On Earmarks; Gives New Rules On Pork

Barry came out and sternly and announced his New Era of Responsibility and Accountability for Congress, particularly the leadership. He had to hold his nose so much when he signed the much-maligned Omnibus Overspending bill, that he did it behind closed doors. So why didn’t he veto it, send it back to Congress and tell […]

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March 10, 2009

Bernanke Calls For Banking Overhall; Ignores $700 Trillion Elephant In The Room

Federal Reserve chairman Ben Bernanke just gave a speech calling for serious changes in the U.S. banking system that would give the Fed greatly expanded powers over our financial system. He wants to have more coordination amongst regulators especially where the Zombie banks like Citigroup and Bank of America are concerned. Ben also wants to […]

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March 7, 2009

AIG: The Fed Won’t Name Names, But The Wall Street Journal Will

This past week, members of the Senate Banking Committee continued trying to break the Fed’s stonewalling on I.D.-ing who’s been getting all the bank bailout bucks…besides the names we DO know. So far the Fed has absolutely refused to cooperate, saying that to do so would do irreparable harm to those institutions. The committee has […]

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March 5, 2009

Have We Already Fallen Into A Depression?

Analyst/Investor Eric Hyde lets the boys at CNBC know that he believes our nation is, in many ways, already in a depression… and we still have an enormous commercial real-estate bust coming. You didn’t think commercial mortgages escaped the bundling, slicing, dicing and securitizing craze…did you? Eric doesn’t take the bait when the Bush-bashing begins, […]

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March 1, 2009

The Short And Simple Story Of The Credit Crisis

Here’s a neat little clip that illustrates the credit crisis in a simple way. When you get to the “leverage” part, remember that the use of leverage has been MASSIVE and systemic. It has amplified the nasty infection, and allowed it to sicken institutions around the globe. Also know that regional banks, who were shut […]

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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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February 25, 2009

The Thing That Ate America

This is becoming like watching one of those horror movies where the bad guy keeps coming back…with even more scary big government programs that have failed the American people time after time. Only this time WE ARE FLAT BROKE. Correction: only this time WE ARE IN A CHINESE DEBTOR’S PRISON. If you’re keeping score at […]

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February 24, 2009

AIG To Announce $60 Billion Quarterly Loss, Market Was Looking For $6 Billion

Look out below! Double-bailout recipient AIG is due to report earnings Monday, and according to Reuters, it ain’t gonna be pretty. When the market is expecting a loss, and you then post a loss that is $59 billion dollars greater…well, you know what they say about markets and surprises. Reuters just broke this news, and […]

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