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Frontrunning: February 26
<- This is what Germany thinks of Greece (Focus)
About time someone starting looking at potential criminality here: How Goldman's Stephen Friedman gamed the financial system while at the New York Fed (Nation)
Inventories - the gift that keeps on giving - First GDP revision is higher (Bloomberg)
Lessons from the Fed's past on heading for an exit (FT)
Stevie Cohen trades secrecy for golf with investors lured by 30% returns (Bloomberg)
AIG posts loss on charges tied to rescue, may need more bailouts, shares fall (Bloomberg)
Hey Europe - You happy you complied with Summers/Bernanke and kept euro so high for a year? European economy risks decoupling from global growth recovery (Bloomberg)
Let's give the FOMC pessimists a listen (RCM)
Can't shoot straight SEC (or "those idiots" in the parlance of our times) gets this one right (Bloomberg)
Another bailed out British bank (RBS being the other one of course) getting whacked - Lloyds sags to loss on hefty bad debts, Irish woes (Reuters)
Toyota troubles worry West Virginia factory town (WSJ)
Hegde fund being probed on kickbacks (Reuters)
»
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India may compete for IMF gold:
http://www.dailytimes.com.pk/default.asp?page=2010/02/25/story_25-2-2010_pg5_44
China should stomp them for bowing the gold lease arrangement.
Friedman's activity does not even come close to passing the giggle test.
What a complete and utter pig with absolutely zero integrity.
That looks like my ex-wife, saying goodbye with her money, my money and our house.
Funny, but not funny...:-)
I agree. But I considered it a win because I received custody of my son (my money and our house was the bribe) which went a long way towards enabling me to see life from more than just my narrow male point of view. You learn a lot when you (must) walk a mile in many different shoes.
Good for you. Sons need their fathers more than their mothers. Obviously both would be optimal. What you can give to your son will last much longer and be worth much more than money or a house.
Sounds like you creamed that trade. I'd give away 1000 houses to keep my kids. Such things are not even accounted for on the same ledger.
Another single dad here.
She only got her money, shared custody state.
She ended up dropping them off at the curb, broke, evicted, addicted. Thank goodness for 2008...but my plans were still set back, lord...decades because of her
Trav7777,
My son is now 25 years of age. I got him when he was 11 months old and I raised him alone until he was nearly 19 and off to college. I put my life on semi hold for 18 years (even getting jobs that afforded me more flexibility so I could spend time with my son, which meant no real career, never marrying again because the women I dated resented me placing my son first, meaning above them) and while it hurt like hell (and still does because I'll never make up for lost ground) I meant it when I said I've learned because I was forced to walk a mile in many different shoes.
I'm a more complete person because of the experience, my son and I are closer than I could ever have hoped for if he had lived with his mom, my ex was and still is addled by drugs (in fairness so was I at the time be I cleaned up quickly) and I don't think my son would have done as well in his mother's living environment.
I still am a bit angry over the entire mess but it always comes down to the same thing. My son had no say in his being conceived and born. I had complete control. So I was responsible. So I upheld my side of the bargain and that's the only way to live.
I got mine a couple of years ago, at 8 and 10. I'm more worried about them than I am about myself.
Don't really wanna get married because American women are toxic. I am good enough looking and cool enough to still have girlfriends but it's tough, it really is, because most of them are just not settledown material. I totally know what you've been through. Sometimes there are some bad stretches, either because of bein alone or because of work. Nobody in the professional world these days wants to hear about single parenthood, everybody seems to have their own needs and wants and expect you to meet them. My eldest was late for school a few times, I guess he rides slow or somethin on his bike and the school social worker is calling me wanting to do a meeting during the day about it...I am like don't you have something better to do than make trouble over tardiness to what isn't even a real class? And, so what, I am supposed to leave a job that expects me to be there till 630 regularly and pay the tolls and gas to come all the way back home on account of this? But they don't wanna hear it anymore than the job does about early releases and "teacher work days." I guess they figure everybody can afford a freakin nanny.
I agree with you and have utmost respect for your principles.
First GDP revision is higher.
The Bureau of Making Shit Up strikes again.
That picture of the statue with it's middle finger up is awesome.
European economy risks decoupling from global growth recovery.
the one that never existed in the first place?
Regarding the SEC:
This is a very complicated case, Tyler. You know, a lotta ins, lotta outs, lotta what-have-yous. And, uh, lotta strands to keep in my head, man. Lotta strands in old Mary Schapiro's head. Luckily she's adhering to a pretty strict, uh, drug regimen to keep her mind limber.
Isn't AIG backstopped by the U.S. government? So what does it mean when they file a "going concern" note?
When you remember that Martha Stewart spent six months in the slammer for what was termed insider trading in her discussion with her broker (how much time did he spend in jail?), this white, male, privileged Friedman is snubbing his nose at everyone.
When are the perp walks going to start?
Friedman is a jew, meaning of middle-eastern origin
This note fron AIG's 10K
"AIG may need additional support from the U.S. government. Without additional support from the U.S. government, in the future there could exist substantial doubt about AIG’s ability to continue as a going concern."
North Dakota is the only state in the union to own its own bank. The Bank of North Dakota (BND) was established by the state legislature in 1919 specifically to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men.
The state of North Dakota, one of only two states (along with Montana) expected to meet its budget in 2010. North Dakota was also the only state to actually gain jobs in 2009 while other states were losing them. Since 2000, North Dakota’s GNP has grown 56 percent, personal income has grown 43 percent and wages have grown 34 percent. North Dakota in 2009, had a budget surplus of $1.3 billion, the largest it ever had – in a state with a population of 700,000. North Dakota, a land of small farms and towns more interested in remaining a successful experiment in democracy rather than an economic power.
The Bakken oil & gas play has a lot to do with those numbers.
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