Archive - Nov 15, 2012 - Blog entry
The Curse Of The “Irreversible” Euro
Submitted by testosteronepit on 11/15/2012 22:02 -0500A religious dictum
Geithner To Bailout FHA?
Submitted by Bruce Krasting on 11/15/2012 21:39 -0500Tim Geithner will put a pen to the FHA bailout before the end of the year. It will be his last act as Treasury Secretary.
BP Hit with the Largest Criminal Penalty in U.S. History Over Gulf Oil Spill
Submitted by George Washington on 11/15/2012 17:20 -0500BP Employees Indicted for Manslaughter and Lying to Federal Investigators in Connection with the Gulf Oil Spill
What Does It Mean that Residents in All 50 States Have Filed Petitions to Secede?
Submitted by George Washington on 11/15/2012 16:34 -0500Secession: Exploding Movement, Tempest In a Teapot … Or Something Else?
What Really Happened When Lehman Failed... and Why a Spanish Default Will Be Exponentially Worse
Submitted by Phoenix Capital Research on 11/15/2012 12:06 -0500
Countless pages have been written about why Lehman caused the system to almost implode. However, the reality is that Lehman nearly took down the entire financial system for two reasons... and Spain will be far far worse.
15 Nov 2012 – “ Are You Gonna Go My Way? ” (Lenny Kravitz, 1993)
Submitted by AVFMS on 11/15/2012 11:57 -0500The US crashing close yesterday was cushioned in Europe by better than expected (backward-looking) GDP figures in Germany and France. EZ in recession nevertheless. Limited fall-out, albeit lower (equity) levels tested. Periphery okay’ish, then good on better Italian GDP. Spain tag along with limited own dynamics, mainly trailing Risk assessment. EGBs difficult to move lower from here. Watching the US. Someone. Please. Show the way.
"Are You Gonna Go My Way? " (Bunds 1,34% +0; Spain 5,89% -3; Stoxx 2459% -0,6%; EUR 1,279 +50)
Fraud: Jon Corzine, George W. Bush and the 2005 Bankruptcy Reform
Submitted by rcwhalen on 11/15/2012 11:56 -0500When you hear Republican politicians pointing figures at Jon Corzine for his “alleged” acts of fraud in the MF Global collapse, ask them why they changed the bankruptcy code in 2005 to allow such acts of fraud to go unpunished.
Obama Negotiates - Not
Submitted by Bruce Krasting on 11/15/2012 08:30 -0500I don’t know where Obama learned his negotiating skills, but he needs a tutor.
Ouch! The Bundesbank Slaps The Fed In The Face
Submitted by testosteronepit on 11/15/2012 00:27 -0500With impeccable timing
