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Frontrunning: December 16
- An unwelcome spotlight falls on SAC Capital (NYT)
- The middle class collapse (HuffPo)
- Congress punts problems to 2010 (Politico)
- As Goldman thrives, some say an ethos has faded (NYT)
- US gave up billions in tax money in deal for Citigroup's bailout payment (WaPo)
- 10 years of booms, busts and bubbles (MarketWatch)
- Producers' margins getting squeezed with Core CPI unchanged (Bloomberg)
- Dubai paying 4% on $10 billion Abu Dhabi bonds (Bloomberg)
- Israel billionaire Leviev mired in New York property (Bloomberg)
- Gold buying by Central Banks may send signal to sell (Bloomberg)
- Out from under TARP, banks are now free to fail again (WaPo)
- Kudlow: More data confirms Bernanke is wrong (RCM)
- Banks said to get more time to implement stricter capital rules (Bloomberg)
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Can I just have one all night poker game with Tim Geithner? Please? I'd never have to work again.
i dont think his personal wealth is that large. now against the US treasury, that would be another matter, however, i would not like that. now there is this thing called the stock and bond market you know, maybe try that.
You mean his declared and acknowledged personal wealth. I always find it interesting when perusing personal wealth filings by various political figures how their wealth seems to grow by leaps and bounds on their small stipend from the government.
When the mainstream media actual grows some balls and questions said political leaders how this could be, the answer is invariably "I got lucky with some good investments" or something to that effect.
I'll bet you got lucky. Sure bets are so very lucky when your investment advisor stumbles upon them in your blind trust, aren't they?
This Validates Mike Taibbi's recent article...what a bunch of *&%$#&
Sqworl, just think what would be happening if some folks actually knew how to be scandalous....
I am so angry...I read the article and thought of Leona Helmsley quote that sent her to jail..."only the little people pay taxes"...
See what black sharpie art elicits when it finally gets uncovered ;-). After all, the action works that way even better. Seriously, this whole redistribution mantra is the same suit, just with different cuts.
- Layne
http://www.youtube.com/watch?v=dYfDIs4LdSA
While handling guns in the hunting department, I
asked the clerk where the antidepressants were....
The squid is a reptile. I don't have any
doubt that they use all of their influence
and capital to manipulate the markets to
their advantage. And the inner circle of
Obama's economic team supports them. I
believe it's really that simple. We can
forget about transparency from any of these
people. Welcome to a Brave New World.
"US gave up billions in tax money in deal for Citigroup's bailout payment"
Ho Hum, same ole same old. I see the apologists are running over each other in their rush to explain away the latest government giveaway. It will be interesting to see if Citigroup sees itself as "free at last" (meaning compensation/bonuses etc) when the actual stock repurchase isn't actually finished until some time next year.
Details my dear. That's just details. Be a good boy and run along now. Mommy has things to do.
http://www.telegraph.co.uk/finance/economics/6819136/Gulf-petro-powers-t...
http://www1.voanews.com/english/news/middle-east/Iran-Test-Fires-Improve...
Up up up we go! Buy everything!
@9:30 gold up $15:30 whats the trigger?? DXY Not moving much..
Iran firecracker?
Iran trigger finger, yes.
Just a test run - to see how gold orders will react when the real deal happens.
"This is a frightening vision for libertarians, free-market ideologues, anti-government activists, Wall Street bankers and Joe the Plumber. But, if we truly value free enterprise in the real economy, we must seriously consider wealth redistribution and bank nationalization."
What's with this commie Huffington. Why can't we just break up the TBTF.
Taking money away from those that are productive and giving it to those that are unproductive doesn't seem like a good plan.
I cannot imagine what is going through the minds of people like Huffington.
Tyler/Marla/anyone-
Was there a post last night or this morning on the Basel III "delay"? Lots of rumors last night, and lots of action in the banks. Looks like they are kicking the can farther down the road, even the 2012 can...
http://www.reuters.com/article/idUSLDE5BF0QF20091216
How could ZH miss this:
http://www.portfolio.com/industry-news/banking-finance/2009/12/15/inside...
"Allege[d] JPMorgan used inside information to drive down troubled rival WaMu's stock price before federal regulators forced the sale of the thrift."
Collusion, corruption of both FDIC and JPM to be revealed in this lawsuit.
Not to slight the article, but it's not exactly 'new' news. That info has been leaked a while ago, even though the motion was just filed. It's still a big story, overall.