March 11, 2009

Citigroup Sent $8 Billion To Dubai Government

Well, well, well. Yesterday, Citigroup announced to the world that it’s actually been profitable for the past 2 months! It sure hasn’t been because they’ve been lending to Americans, but perhaps it had something to do with the fact that Citi loaned $8 Billion dollars of TARP funds to the GOVERNMENT OF DUBAI. Ever seen […]

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March 2, 2009

Obama To Talk “Global New Deal” With UK’s Brown: Security For Families In Every Country

UK Prime Minister Gordon Brown hopes to cut a deal with Barack Obama in Washington this week, to call for a “Global New Deal” to lift the world out of recession. Brown has hinted that he is ready to make further tax cuts to boost the UK economy. If only Barry would take a tax-cut […]

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March 2, 2009

In Honor Of AIG’s Epic Earnings Fail

We’ve known this was coming for a week or so, but the $60 billion dollar quarterly loss that AIG will announce today is still one major steaming pile. A record-breaking steaming pile at that. In honor of the debacle, here’s a catchy little ditty that unfortunately may get stuck in your head. Trust me, it’s […]

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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 23, 2009

The New American Tea Party: We’re Mad As Hell, Not Gonna Take It Anymore

Rick Santelli let the genie out of the bottle, thank heavens. Like any good trader, Rick knows how to spot a trend…and he gave a voice to this one. A CNN poll released today showed that almost 75% of Americans are SCARED (exact word), and do NOT approve of the crap flying out of Washington. […]

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February 23, 2009

Another Giant Spending Bill Coming- Don’t Expect Any Transparency

Fool me once, shame on me. Fool me twice…Barack Obama and the Democrats’ promises to make pending legislation has not only been “non-transparent”, transparency has come to equal an outright LIE in this administration. Obama’s just announced his “fiscal responsibility summit” where he’s going to gut our military and place enormous chains on businesses via […]

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February 17, 2009

Eastern Europe May Start A Domino Effect Of Defaults

Latvia, Poland, Ukraine…why worry about what’s going on in the countries of Eastern Europe? Because Western European banks are overextended with loans to these countries, and our banks have their share of exposure too. Last night there was an incredible de-coupling of the dollar vs. other world currencies, resulting in a huge flight to the […]

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February 16, 2009

Right Sightings

U.S. Federal Debt Exceeds World GDP: World Net Daily The Fairness Doctrine Returns, Only It Won’t Be Called That: Red State The Wheels Are Coming Off In Europe: Telegraph UK The Real Betrayal Of Specter, Collins And Snowe: Hot Air U.S. Banks Are So Underwater They Can’t Be Reached By Nuclear Submarines: Blackstar News No […]

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February 10, 2009

Fact-Checking Obama’s Stimulus Stumping

Barack Obama’s sales pitch on the enormous package we here call “Porkulus” has hit a fever pitch. In Elkhart Indiana yesterday, Barry was projecting job creation numbers that may be impossible to verify, and glossing over ethical problems that have plagued his first few weeks. Here’s a look at some of Obama’s claims in Elkhart, […]

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February 3, 2009

Senate Democrats Try To Supersize The Crap Sandwich

Another day, another few billion dollars for the putrid pork push that is Bailout 2.0. The over 650-page House liberal wishfest is now in the Senate, and it ain’t gettin’ any smaller. $1.2 Trillion is today’s magic number…but it’s still early in the week. Only 38% of Americans support the plan according to Gallup, and […]

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