Tyler Durden's picture

Meet Linebarger - The Government's Biggest Private Debt Collector

Collecting debt is a dirty business which is why The Federal Government turns it over to the private sector. Meet one of the biggest players in the industry, law firm Linebarger Goggan Blair & Sampson. It has worked for small-town school districts, the city of New York and at one point, the largest tax collector in the country: the Internal Revenue Service. As CNN reports, based in Texas, Linebarger works for 2,300 clients nationwide and collects $1 billion for its clients each year. But the collection system is far from perfect, leading to some nightmare scenarios. Despite decades of scandals over the way the firm gets business (and even jail time for one of its top executives) Linebarger still lands lucrative government contracts...



Tyler Durden's picture

Breaking Bad (Debt) - Episode One

The average American benefited in no way from the government/banker bailout. Their wages have deteriorated, their daily living expenses have risen, Obamacare has resulted in higher healthcare premiums, higher co-pays, more part-time jobs, less full-time jobs, and less healthcare choices for the working class, while Wall Street generates billions in risk free profits, bankers and corporate executives reap massive million dollar bonuses, and the .1% parties like its 1999. Rising wealth inequality has been systematically programmed into our economic system by bankers and their bought off puppet politicians in Washington D.C. – Corporate fascism at its finest.



Tyler Durden's picture

More Giant Craters Appear In Siberia, Scientists Nervous To Investigate

"Russian scientists have now spotted a total of seven craters, five of which are in the Yamal Peninsula. Two of those holes have since turned into lakes. And one giant crater is rimmed by a ring of at least 20 mini-craters, the Siberian Times reported."



Tyler Durden's picture

1987 Or 2015? The Gap Between Growth Expectations & Valuations Is "Ridiculous"

While the divergence between macro data 'dismalness' and equity price exuberance is by now well known, there is a greater threat looming to the rampapalooza that is underway. As forward Price-to-Earnings ratios have soared in the last year (aided and abetted - as Alan Greenspan explained - solely by The Fed's largesse) so bottom-up earnings growth expectations have cratered. So much so that veteran stock market investors and traders now see the divergence between multiple 'hope' and growth 'reality' as "ridiculous." Just how ridiculous? Worse than 1987, 2002, and 2011, when stocks fell over 20% upon realization of reality.



Tyler Durden's picture

"Massive Mis-Governance" - Q4 Obliterates The Case For QE And ZIRP

Another quarter of no “escape velocity” on main street and a further round of Kool Aid drinker speculation on Wall Street takes us just that much closer to the brink. Yet the Fed remains oblivious and continues to manufacture excuses and equivocations as to why ZIRP should extend into its 80th month and beyond. This is mis-governance on a colossal scale. So when the next thundering crash occurs - it is devoutly to be hoped that “audit the Fed” turns out to be the least of the threats descending on the Eccles Building.



Tyler Durden's picture

"Change" Indeed

Presented with no comment...



Tyler Durden's picture

WSJ Praises "Waiter, Bartender Recovery" While 74% Of Americans Believe They Will Work Until They Die

The lines bethween the New Normal and the New Paranormal, between the real and the surreal are increasingly getting blurred when, having nothing else to praise about the US economy, the WSJ focuses on the "wage gains" of burger flippers... meanwhile 75% of Americans are confident they will work until their death.



Tyler Durden's picture

Obama Decrees Ban On Ammo For The Most Popular Rifle In America

Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly.



Tyler Durden's picture

Spot The Birth Of High-Frequency Trading

One of these things is not like the other... one of these things just doesn't belong...



Tyler Durden's picture

As Greece Scrambles To End Its Bank Run, JPM Throws A Wrench: Says Deposit Outflows Continued After "Deal"

Just when Greece thought it had bought itself some breathing room in its desperate attempt to rebuild confidence in its financial system, here comes JPM and effectively calls Yanis Varoufakis a liar, suggesting that Greek deposit outflows have continued at a brisk pace despite the bailout extension "deal."



Tyler Durden's picture

Grant Williams: Why The Smart Money Is So Nervous Now

"If you drop anybody into any momentous period in history, it’s really tough to perceive it at the time. It’s only when you look back on these things with the benefit of hindsight that you really see how historic they really are. But for many people right now who can forget the narrative and can forget what they're being told by various interested parties, if you can stand back far enough and take a practical look at what’s happening, I think it’s much easier to see certainly how far from normality things are today. "



Tyler Durden's picture

Putin Spokesman Says Nemtsov Murder Was "100% Provocation"

Just a few short hours after the terrible murder of Russian opposition politician and outspoken Putin critic Boris Nemtsov, US' John Kerry was quick to condemn the actions of the "reformer" and demand Russia's "expeditious investigation," and President Obama has since issued a statement "admiring [Nemtsov's] struggle against corruption" Putin spokesman Dmitry Peskov says the Nemtsov murder was "100% provocation... It looks like a contract killing."



Tyler Durden's picture

Annaly CEO: Central Bankers Are Witch Doctors, Demands "Return To Market-Driven Pricing"

"My hope is that as policy makers of the world continue to prescribe their remedies for the ailing economic patient, that they do not render it worse off... As with their predecessors, I suspect there is no doubt in the minds of our central bankers that they are the smartest they’ve ever been. Yet, I fear they are not the smartest they will ever be."



Tyler Durden's picture

Fed Independence Is A Joke, So Why Not Audit?

Nothing says limited government and separation of powers like a bureaucracy unaccountable to the voice of the people! Then again, Yellen doesn’t care much for democratic oversight. She’s a caricature of Randian libertarianism: someone who wants to do whatever, whenever, without rulers. The problem is Yellen isn’t operating a private railroad company. She’s the figurehead for a government institution created by Congress. If democracy means anything, it’s that voters have some measure of control over political bureaucracies.



Tyler Durden's picture

When Centralization Scales Beyond Our Control

Who controls NATO, or the IMF? I’m sure you understand it’s not you. Still, when an organization exhibits aggressive behavior in your name, or lends out your money in your name, you should at all times feel that you are in control, through those you elect to represent you. Well, do you? Or are you merely thinking: that’s too far away from me? Organizations, like so many things in life, don’t scale up well, if at all. Beyond a certain critical mass, they become counterproductive, as Illich states. They become predators on their own creators. That goes as much for NATO, IMF and EU as it does for schools and hospitals.



Do NOT follow this link or you will be banned from the site!