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Frontrunning: December 24

Marla Singer's picture




 
  • No Christmas cheer for Goldman. Bear takes up the slack. (In Bailout Nation alumnus of bankrupt firms party harder than employees of the profitable) [bloomberg]
  • Ford to sell Volvo to Chinese.  (Part of strategy to eliminate non-core auto manufacturing activities to concentrate on defined benefit and health care management units) [freep]
  • Fannie and Freddie throw millions to politically connected senior execs. (Largest fiscal black holes emit Bekenstein-Hawking radiation in the form of salary. Perhaps evaporation will finally result?) [reuters]
  • Obama sneaks COBRA extension into defense bill. (G.I. Joe shocked. "The More You Know" segment in the works). [washington post]
  • Japan responds aggressively to counter fiscal crisis. (Better 20 years late than never). [reuters]
  • Reid voted against it before he voted for it. (Reid can't read? "Reiding is fundamental?") [reuters]
  • Basque Santa Claus (OlentZERO) appears with his sickle for annual Christmas throat cutting of children who stay up too late. (Blessed silence in Basque households) [wikipedia]
  • General Motors simply not interested in bids so far. Hello Saab wind down. (What kind of name is Spyker anyhow?) [reuters]
  • Recession (read: taxes) changes human migratory patterns. (Thank god we have experts to tell us this.  Hope you weren't depending on that tax revenue, Florida) [wall street journal]
 

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Thu, 12/24/2009 - 12:01 | 173652 Sqworl
Sqworl's picture

Mudderfochers!!!..Your Honor and that's why we burn it to the ground...guilty as charged!!!

http://money.cnn.com/2009/12/24/news/companies/fannie_freddie_pay/index.htm

 

Thu, 12/24/2009 - 12:22 | 173661 WaterWings
WaterWings's picture

One more story: 1,400 truckers put in limbo, overnight.

http://www.landlinemag.com/Special_Reports/2009/Dec09/122209-arrow-drive...

Thu, 12/24/2009 - 12:33 | 173679 Scooby Dooby Doo
Scooby Dooby Doo's picture

Talk about running the company on a ragged edge. No fuel to proceed to the next delivery destination? Wow.

Thu, 12/24/2009 - 12:27 | 173673 ptoemmes
ptoemmes's picture

Probably old news, but contained in this piece on "Bring Us The Head of Rahm Emanuel"

http://firedoglake.com/2009/12/23/jane-hamsher-grover-norquist-call-for-...

I noticed this tidbit:

"The New York Times reports that the administration is negotiating to double the commitments to Fannie and Freddie for a total of $800 billion by December 31, in order to avoid the congressional approval that would be needed after that date. But there currently is no Inspector General exercising independent oversight of these entities. Acting Inspector General Ed Kelly was stripped of his authority earlier this year by the Justice Department, relying on a loophole in a bill Mr. Emanuel cosponsored and pushed through Congress shortly before he left for the White House. This effectively ended Mr. Kelly’s investigation into what happened at Fannie and Freddie."

 

Pete

Thu, 12/24/2009 - 12:35 | 173680 Scooby Dooby Doo
Scooby Dooby Doo's picture

Check your Bberg link Marla.

Thu, 12/24/2009 - 12:55 | 173701 Anonymous
Anonymous's picture

Looks like there's a problem with the Bloomberg link, Marla.

Maybe they pulled the story?

Thu, 12/24/2009 - 13:27 | 173735 fiasco
fiasco's picture

marla, your tongue don't extend past your intelligence.  you're not the puttana i thought you were

good work this year for a supporting character

thank you jesus for starting time and ending the stupido idea of reincarnation of the barbarians

 

Thu, 12/24/2009 - 13:40 | 173745 Ruth
Ruth's picture

I guess Goldman couldn't take the humility.

Fannie/Freddie just makes Christmas worse.

And I guess you vote, til ya don't.  Oh, just wait!

Basque is good for one more thing....Great Pyrs, ahhhhhh.

Love and cheers to Marla, Jana and da boyz!

Merry OlentZERO Hedgers!

 

 

 

 

 

 

 

 

 

Thu, 12/24/2009 - 13:41 | 173748 AnonymousMonetarist
AnonymousMonetarist's picture

FT names Bankfiend Man of the Year...

If you haven't already read Thomas Adams' (of Paykin Krieg and Adams, LLP, a former managing director at Ambac and FGIC) forensic analysis of Goldie's crime of the century ... you should...

 

http://anonymousmonetarist.blogspot.com/2009/12/there-was-crime-there-was-victim-and.html

Thu, 12/24/2009 - 13:42 | 173750 Oso
Oso's picture

Ummmm, apparently we collectively missed this little diddy....

"IMF turns down $2bn loan to Ukraine"

http://www.ft.com/cms/s/0/bb7fa3ae-efca-11de-833d-00144feab49a.html

Thu, 12/24/2009 - 14:13 | 173796 deadhead
deadhead's picture

It's a victory for the bulls.

Thu, 12/24/2009 - 13:45 | 173756 tip e. canoe
tip e. canoe's picture

if anyone comes across the new issue of GQ (i do not recommend buying any magazine), there is article titled American Grotesque.  the artful writing is true to its title and will resonate long beyond your time on the throne reading it.

Thu, 12/24/2009 - 14:50 | 173826 AnonymousMonetarist
AnonymousMonetarist's picture

But Adams digs further ... see above

Thu, 12/24/2009 - 14:41 | 173821 phaesed
phaesed's picture

With all the chinese purchases of US corporations, don't people wonder if perhaps it's the big corporations that are the communists?

Thu, 12/24/2009 - 20:00 | 173986 Anonymous
Anonymous's picture

Bekenstein-Hawking radiation.

I don't know how you've managed to do it, but do it you've done. Working that in there like that. In a financial rag to boot.

Makes the stars shine brighter, she does.

-MobBarley

Fri, 12/25/2009 - 00:04 | 174077 Pork Fried Rice
Pork Fried Rice's picture

On fire with the humor Marla

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