Would not call it a ponzi scheme, but rather a mistake to anticipate future problems. As always man does without thinking of consequences. Preventive medicine should be our first thought process.
Comments »Proof of Banking Fraud; Where Are the Indictments ?
Lehman Sues Goldman Real Estate Unit for $100 Million
IMF Adviser Warns of a Euro Zone Meltdown in 2-3 Weeks If EU Does Not Act
The Trade War Drama Moves Forward
Here is a suggestion; baby steps in re “aligning” currencies rather than a ultimatum backed by tariffs and penalties.
Comments »Head of Energy Department’s Loan Program Quits Amid Solyndra Scandal
The head of the Energy Department’s controversial loan guarantee program has decided to step down, department officials confirmed to The Washington Post on Thursday.
Jonathan Silver, who was named executive director of DOE’s Loan Programs Office in November 2009, has come under fire from congressional Republicans since the solar manufacturer Solyndra declared bankruptcy Aug. 31 after receiving a $535 million federal loan guarantee. While DOE made the initial loan to Solyndra before Silver took the program’s helm — a point he made repeatedly during his congressional testimony last month — he remained the administration’s point person for the embattled initiative.
Comments »Civil Forfeiture is a Crime
This issue keeps popping up and warrants some media attention…
[youtube:http://www.youtube.com/watch?v=FcQlF-zDEL0&feature=player_embedded#! 450 300] Comments »What is Dexia Telling Us ?
It tells us for sure that not only is there a solvency problem, but a liquidity problem. The question now is how far will this problem spread. Will Europe act in time ?
Comments »“Anonymous” Threatens to “Erase” the NYSE on Monday, October 10th
$16 Trillion Was Not Enough
The Lucky 13 Who Have the Most Exposure to the PIIGS
Bank of New York Mellon, BNY, Sued for Currency Trading Practices
Citibank Raises Fees on Checking
FLASH: Dexia to be Bailed Out
Belgium Confirms Creation Of A ‘Bad Bank’ For Risky Assets
Comments »A Second Account on Germany Printing Marks and Preparing to Exit Euro
FLASH: S&P Enters Technical Bear Market Territory
Covering all remaining shorts this am. Expecting a capitulation bounce over the next 5 trading days. Good luck to all.
French and Belgium Governments Pledge Help For Dexia
Asset impairment has the stock down large and is receiving promises for a second bailout.
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