Rather than fight for innocence and proving ethical behavior $WFC would rather pay $432 million and move on.
Comments »Monthly Archives: May 2012
FLASH: The Euro is Hitting Fresh Lows
Government and Corporate America Has Turned for the Worse
While in some cases corporate insiders sitting on government bodies and other positions of power has been a way to get politics done; it has of late created a huge conflict of interest and helped to put our country in a position that struggle even more with itself to get things done.
Comments »Canada Seen Headed for US-Style Housing Collapse
The global hits just keep on coming. Hopefully, they do not have the type of derivative and risky mortgage exposure we had. While there is no need to worry now analyst predict a 10 year problem on the horizon.
Comments »Analyst: Spain May Leave Eurozone Before Greece
The world is gnashing its teeth over the notion that Greece could exit the eurozone, dubbed by markets as a “Grexit.”
Market observers should fret more over a “Spexit,” one analyst says, as a Spanish withdrawal from the eurozone is more likely as the country is too big to bail out.
“The Spanish are a lot more likely to pull out of the euro than the Greeks, or indeed any of the peripheral countries,” says Matthew Lynn of Strategy Economics on Wednesday, according to CNBC.
Comments »Fuckbook Now Expected to Fall in Line With Peers; In Other Words a 20% Drop From Current Levels -$FB
Some analyst expect $FB to drop an additional 20% to be trading in line with the overall sector. Let’s hope for seriously damaged investor confidence that it will not be the case.
Comments »Tin Foil Hat Diaries
Either there is a serious problem in the banking system or the masters of the universe are joining to create more buying power when the time is right. Either prospect is not good in the world of tin foil hat assessment.
Comments »US, UK Yields Hit Record Lows
US 10 yr hit 1.67% and UK 10 yr hit 1.65%, both record lows.
Comments »Gapping Up and Down This Morning
Gapping up
DGIT +13.8%, OSIR +12.7%, FORM +11.1%, ENS +3.3%, MVIS +3.1%, SLM +2.2%, LNKD +1.1%,
WYNN +2.3% , GPS +0.2%, BIDZ +30.3%, MON +3.0%,
Gapping down
PBY -13.4%, PWRD -13%, RPRX -11.3%, SURG -8.8%, TTM -5.6%, RIMM -5.6%, RIO -4.1%,
FRO -4%, FRO -4%, DRYS -3.9%, BBL -3.3%, STD -3%, MT -2.9%, DB -2.6%, TEF -2.4%, UDR -2.3%,
SDRL -2.1%, BP -2.1%, MOTR -1.9%, CPRT -1.8%, RDS.A -1.7%, CHK -1.5%, TOT -1.3%,
PPC -4.2%, hopes, dreams,
Comments »Upgrades and Downgrades This Morning
AIG, ANGI, BNNY, ABX, CIEN, GNOM, GES, HL, HOG, LNKD, LULU, NEM, NOK, PAAS, RIMM, SNP, WYNN,
Comments »In Play and On the Wires
Euro Bonds are Likely Off the Table for Now
Getting the European Union to agree upon issuing bonds to create firewalls has always been a tough topic of discussion, but it is absolutely imperative the EU gets it shit together or else the world will only worry over a $LEH style event.
Comments »Bond Yields Soar for Italy and Spain While German and U.S. Bonds Yields Fall to New Lows
Yields are blowing out for those who have expected finance troubles while safe heaven countries see new lows. The U.S. ten year has hit 1.6%…
Comments »The ECB Contradicts Earlier Reports Over Assisting Spain’s Troubled Banks
More confusion in the Euro Folly Zone.
“The European Central Bank denied it has rejected a plan floated by the Spanish government to recapitalize Bankia, saying it hasn’t been approached.
“Contrary to media reports published today, the European Central Bank has not been consulted and has not expressed a position on plans by the Spanish authorities to recapitalize a major Spanish bank,” the Frankfurt-based ECB said in an e- mailed statement. “The ECB stands ready to give advice on the development of such plans.”
Comments »EU Summit Produces Too Little Too Late
Details emerging out of an EU summit have disappointed equity markets as the EU would rather apply direct aid and use bond creation as an anti dote. The world wants a fire wall and a colossal amount of fire power through bond issuance to stem the problems.
Worries of a $LEH style failure are now on the table as the world does not trust the EU to respond quickly enough to put out fires and contain possible contagion.
Comments »Global Markets Tank, Oil Breaks $90 pb, The Euro Finds No Man’s Land Below 1.25, and U.S. Futures Respond Accordingly
Cannibalism is Here–Sign of End of Days?
At its height (250-900 AD), the Mayan Empire was one of the most densely populated and culturally dynamic societies in the world. The city of Copan alone contained more than 6,000 structures spanning over 27 square miles, and was just one of many great Mayan urban centers spread across present-day Mexico, Honduras and Guatemala.
However, by the 10th Century these ancient cities were being strangely and suddenly depopulated, leading to the complete collapse of the Mayan civilization. The reason for this collapse remains one of the biggest mysteries in archaeology, but ZRS Researcher and
Historian, Eugene Fredrick, now suggests a compellingexplanation for the extinction: zombies.
Fredrick notes that all other prevailing theories – disease, famine, war, revolt – fail to account for the notable lack of buried human remains. In any traditional mass-casualty scenario an abundance of archeological evidence is left behind, including grave sites.
Comments »“The ghost towns of Maya house precious few such sites, echoing a panic so great, an extermination so fast, that this once proud people – steeped in tradition and ritual – had no choice but to leave their dead where they fell.”
MARY J. BLIGE: “MY CHARITY WAS HIJACKED BY FINANCIAL IDIOTS”
Mary J. Blige has learned a valuable lesson about running a charity since her foundation was slapped with a $250,000 lawsuit — telling TMZ, she let dumbasses handle her finances … and now she’s paying the price.
TMZ broke the story … Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now is being sued by TD Bank over a $250k loan it took out back in June 2011.
READ THE REST HERE
Comments »BEHOLD: THE BEST DRUDGE HEADLINE IN HISTORY
REMINDER: FACEBOOK HAS SHED $40 BILLION IN MARKET CAP SINCE iPO
Fuck you Margin Stanley.
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