Archive - Jun 21, 2012 - Blog entry

Only when the lack of visibility on forward revenue and earnings was obvious to all did Moody's act

Swiss Minister of Defense speaks up while Merkel joins the Axis of Evil

The memo says: We will make your life miserable.

Step right up folks. The circus is back in town. Forget about the War on Women, same sex marriage and American Idol. Let this be your main distraction!

If you aren’t part of the solution, which is real relief for victims of fraud, fraud, fraud, fraud, then you are part of the problem.

Months ago, I forecast that Germany will walk before it goes “all in” on the EU to prop up everyone else. I believe that day is fast approaching. Unless Angela Merkel wants to commit political suicide, she will be forced to protect Germany’s domestic issues. Whether this comes as a result of Germany pre-emptively leaving the Euro or doing so after one of the PIIGS has already left remains to be seen. But in the end, Germany WILL WALK IF IT HAS TO.

Why hasn't anyone realized that JPM actually had negative revenue growth despite muppet maven analyst proclamations of the contrary?

"Unlike other financial instruments, gold doesn't produce interest. But given its symbolic presence and usefulness as a safe haven in times of crisis, the BOK needs to buy more. We may do so this year," he said.

Europe's approaching "Madoff Moment"...

All you need to read.

And since it's Mr. Moneybags, one "bonus" question for the readers regarding Maiden Lane fraud and the subsequent cover up when the GAO came a knockin'