Video: Chris Whalen & Barry Ritholtz on Security Fraud, buybacks for banks & ForeclosureGate

Nationalized Housing Market, posted with vodpod

 

October 19, 2010. Tags: , , , , , , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Housing, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Leave a comment.

Must See TV: Kudlow goes ballistic on declinism in Obama’s Asia speech

Airtime: - Fri. Nov. 13 2009 – 5:05 PM ET

Discussing Obama’s plans for Asia, with Andrew Busch, BMO Capital Markets; Stephen Moore, Wall Street Journal editorial board; Zachary Karabell, Rivertwice Research

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November 15, 2009. Tags: , , , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, Wall St. Leave a comment.

Fed Policy, Interest Rates, Q.E. & the Dollar Debate

Great debate! Rickster and Steve goin at it. Larry tells Steve he is drinking the Fed koolaide, BWAAAHA!! I agree with Rick and Larry (not surprising since they both express concern for the ‘common man’ that’s the koolaide I drink, LOL!) Stay tuned to the very end for a GOLD forecast.

CNBC:

Discussing whether the Fed is headed in the right direction, with Frank Holmes, U.S. Global Investors; David Goldman, First Things Blog; CNBC’s Steve Liesman & Rick Santelli.

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November 4, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. 1 comment.

Decline of the US Dollar

Airtime: Thurs. Oct. 22 2009 4:00 PM ET

Discussing the dollar’s decline, with Donald Luskin, Trend Macro; Michael Pento, Delta Global Advisors; Jerry Bowyer, syndicated columnist; Brian Domitrovic, Sam Houston State and Steve Odland, Office Depot chairman/CEO.

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October 22, 2009. Tags: , , , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Wall St. Leave a comment.

DOW 10,000? Watch the zombie bull ride as the US Dollar tanks!

Update: linkys added

zombiebull

How long can it go on before the falling dollar slips from the control of Rahm and Timmeh and we get slammed with hyperinflation? MiM is long HARD assets now, like  ‘drop it on my foot go ouch’ hard as the guys on FastMoney would say…it may seem like a brilliant idea to these fools on the Hill to let the dollar slip to reduce the ginormous debt, but Americans buy goods with American dollars ya dig? maroons, all of them. No nation ever got strong by devaluing its own currency, was that Reagan? Kudlow opines:

Smells like the 1970s.Just look at two ominous headlines in the news: First is the global shift out of the dollar and into commodities. Second is the dollar losing its reserve status to the yen and the euro.

In the second quarter ending in June, central banks around the world invested 63 percent of their new cash reserves into euro and yen, and put only 37 percent into dollars. Over the past six months, the dollar has lost 15 percent while gold has climbed nearly $150. If this continues, spiking inflation and interest rates will choke off the bull market in stocks and do serious damage to the economy. It could happen fast.

Yet markets are rallying hard off the weakened greenback. They think consumers will feel BETTER about spending as their dollar value shrinks?? (exports may help the MNCs and unions short term but it is a fool’s game) The DOW is up >100 b/c the retail sales only fell 1.5% (consensus was over 2%)  IMO any bump on anything but sustained job growth is premature, I dont give a flying frak if they say it is a lagging indicator*, the US Consumer is STILL 70% of GDP and TOTUS is off the rails of the crazy train spending like it’s going out of style (and it has gone out of style!)…

How bout some Metallica? The Bell is Tolling for the US Economy and the fools don’t hear it.

(more…)

October 14, 2009. Tags: , , , , , , , , , , . Economy, Finance, Heavy Metal, Labor Department, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Leave a comment.

Update: CNBC reports Lewis to step down by end of year; Cuomo/BofA Smackdown: It’s On! (again)

Update 09/30: Charlie Gasparino is reporting that Ken Lewis has been pushed out (the stmt says he stepped down but I call BS)!! This is HUGE! WOTS was he had TOTAL BACKING OF THE BOARD! Recall BofA is centred in Charlotte, NC far from the Wall St shenanigans but Lewis got sucked into the ‘eeeevil banker’ canard PLUS the added bonus of ‘hide the bonuses’ with Thain. I for one would never want Andy Cuomo on my trail if I had a blessed thing to hide!

(Reminder FD- MiM are shareholders in both BofA and were MER shareholders as well pre merger)

CNBC:

Bank of America’s CEO Ken Lewis, the embattled head of the nation’s biggest bank, told the board he plans to step down by the end of the year.

Lewis wasn’t asked to step down and the decision was not the result of any regulatory action, sources told CNBC. No successor has been named yet….

Original post after the break:

(more…)

September 16, 2009. Tags: , , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Wall St. Leave a comment.

Kudlow on new ‘Green’ Economy – says Immelt is totally wrong…

agree! and Jeff Immelt is a total tool and everyone knows it….

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May 21, 2009. Tags: , , , , , , . Economy, Obama Administration, Politics, Uncategorized. Leave a comment.

Diary of a Thug: The way Rattner rolls….

Courtesy of Instapundit by way of finem respice:

..That is, a bit of dialogue so genuinely awful that- were it not from a source I consider impeccable, and unimpeachable- I would not dare to credit at all. Unfortunately, I must do precisely this, and personally believe it to be totally, frightfully accurate. I take no pleasure in relaying it, instead hoping that someone more directly in the business of running such matters down and printing them will carefully document it and- if true- expose it, or- if not- discredit it quickly and finally. This (as yet unproven) yarn goes exactly like this:

Confronting the head of a non-TARP fund holding Chrysler debt and unwilling to release it for any sum less than that to which it was legally entitled without compelling cause, this country’s “Car Czar” berated the manager of said fund with an outburst of prose substantially resembling this:

Who the fuck do you think you’re dealing with? We’ll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with.

Faced with these sorts of threats, in this environment, with valued employees in the crosshairs and AIG a fresh, open wound upon the market, the fund folded….

Go read the whole thing, this has ginormous ramifications to our economy if someone does not take it to SCOTUS and fight it now….

Hit it Cher: Pirates, thugs and thieves….every night they come around, to steal the money we laid down……

May 7, 2009. Tags: , , , , , , , , . Big 3, Economy, Finance, Obama Administration, Politics, TARP, Taxes, Uncategorized. 1 comment.

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