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Did You Miss Us While You Were Gone?
Shocking realities about the debt needs of the United States in 2010. (Which, amazingly, raced in just a few short holiday season days to our third most read post ever).
The fate of cheap lending to China's vassal state. (Seller financing has its limits, just as GE).
Pre-emptive default by a Chinese firm. Counterparty: Goldman Sachs. (Big rice balls in little packages).
Shadowstats and Hyperinflation. (Anyone know what M3 is?)
TrimTabs: "Doomed!" Chorus: "Doomed!" (Not just in a FedEx commercial either).
Predicting Iranian revolution in a preview of the Zero Hedge premium journal: Cf. (Henry Kissinger is already pissed at us).
How full of shit is the government on unemployment, exactly? (Pretty).
No, really, how full of shit are they? (No, really. Pretty).
The role of extra-legislative consent degrees in the coming municipal crisis. (And you thought your elected representatives ran the state budget).
...and, the central role GSEs played in blowing up the world. (And timer on the secondary charge is still winding down).
Of course, a long series of daunting, interesting, shocking, face-palming, head-shaking stories are, even now, working their way through our addled editorial minds on their way to your screen. Hang on tight. The first drop is a big one.
But most of all, welcome back, Space Monkeys.
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I thought this was interesting. Haven't seen this reported on but that's no surprise.
http://idiots4obama.blogspot.com/2010/01/27-million-in-porkulus-money-sp...
Government Stimulus Project, $32,000 on how to properly inject heroin...stimulus/heroin/whatev. Enjoy your tax dollars folks.
http://www.nypost.com/p/news/local/heroin_for_dummies_oLIfe1Gxl7RMk9iJZi...
Marla - great site.
GSEs have become off-balance sheet dumping grounds. There is a good story there, Marla.
The Biggest Losers Behind the Christmas Eve taxpayer massacre at Fannie and Freddie.-WSJ
Even better for the political class, much of this is being done off the government books. The White House budget office still doesn't fully account for Fannie and Freddie's spending as federal outlays, though Washington controls the companies. Nor does it include as part of the national debt the $5 trillion in mortgages—half the market—that the companies either own or guarantee. The companies have become Washington's ultimate off-balance-sheet vehicles, the political equivalent of Citigroup's SIVs, that are being used to subsidize and nationalize mortgage finance.
http://online.wsj.com/article/SB1000142405274870415280457462835098004308...
Reston
If anyone has any hopes of anyone actually going to jail for any of the past 10 years financial digressions all you need to do is read this article on this lemon shark and you will realize that the great whites will be free to roam to eternity.
Investors say Eric Bartoli cheated them and should be extradited to U.S
Teresa Verges, an SEC official who investigated an earlier civil case against Bartoli, said she knows about the new allegations, but she declined to give details.
"Our case has been over since 2006," Verges said. "At the end of the day, we don't have the power to put him in jail. The reality is when someone turns up again, these are the folks who clearly belong in jail -- something that we can't do as a civil agency.
"The Justice Department prosecuted who they had. It's just that Mr. Bartoli has absconded. He's evaded jail. He's evaded the United States. It's frustrating . . . but it's not unusual
http://tinyurl.com/y9ytlsy
I get my financial news 'only' from ZeroHedge. Thank you for everything, God bless.
Space Monkeys fiend for a drink from the cold stainless steel tube of truth.
http://www.youtube.com/watch?v=qOtElR5hyPo
I'm developing signage, a 4' X 8' to haul around town on my motorcycle trailer. I do not give a shit that it is stupid and self destructive to stand out and try to provoke thought, I'm going to do it.
Messages will be simple non confrontational thought triggers.
With a little luck I will not be shot or arrested.
This story did not run in any US newspapers that I saw yet it makes the world news section in the Buenos Aires Herald...what a joke the msm is..online or off.
Monday, January 04, 2010
World Trade
Gold Anti-Trust Council sues Federal Reserve
http://www.buenosairesherald.com/PrintedEdition/View/21533
http://tinyurl.com/y878cqs
Here in DC, I've seen a "Stop The Marxists" banner hanging from an overpass and "End The Fed" spray painted on another....
These are green shoots I could agree with....
I hope you all spoofed your MAC addresses in transit.
Cheers for keeping the spirit alive.
While Maria's and Sue's fat asses doubled during the last decade, most folk's 401ks and IRAs suffered.
Imagine That
yes, Marla.
... a very prosperous 2010 and beyond for ZH and all those lurking somewhere within its lair, which is just across the crystalline lattice of CoAl2O4 outside superman's dad's house. google map it.
Thanks Marla - This space monkey was sublevel (literally) chilling in the basement of the in-laws for the Holidays. Couple weeks off, I'm back for duty as well.
Weren't you guys supposed to give me a thing of cheese?
Thank you, Marla. We trust Zero Hedge. Even a mythic beast needs a few days off and the end of the year is all crap trading anyway...