Archive - Jan 17, 2011 - Blog entry

Who is to blame for the pension meltdown?

The Celtic Tiger has been on the economic ropes since the crash of 2008. In the first hours of the crisis, the US Federal Reserve provided emergency funding to Irish banks, pouring 10’s of Billions of US dollars into the Irish Banking system, providing funds as needed.

The Pentagon says King might have supported the current wars. This is not entirely true ...

Today we learn that Squidco is pulling the FaceShnook "private placement" from US Investors and instead will direct the offering to it's "off-shore" or foreign clients.

Unfortunately, this is not a moment to be savoring delicious fried squid. This is a time to reflect on what this latest two week Squidco sponsored fiasco truly signifies. I submit that it signifies in bright Chinese neon, that the capital formation process in the United States is truly broken.

I was reading his "I Have a Dream" speech and it really is amazing when you think of the great social change in this nation that was set in motion by one man with a vision.

There were many skeptics when I said that housing values would go so low that banks wouldn't even find it cost effective to foreclose. Many relatively bright people dismissed my statements as sensationalist or unrealistic. Well, I suggest some explain that to those folks in Chicago where banks are probably walking away from thousands of homes.

Oh what a wonderful Too Big To Fail World...