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Frontrunning: January 19
- Japan airlines files for bankruptcy (FT)
- Goldman delays bonus decision (ABC)
- Citigroup posts $7.6 billion Q4 loss (Reuters)
- Democrats face loss of Kennedy's seat, vital healthcare vote (Bloomberg, FT)
- 10 reasons Obama is failing 95 million investors (MarketWatch)
- Credit Suisse cuts bonus pool by 5% to spread costs from U.K. taxes (Bloomberg)
- Brown raises prospect of global bank levy (FT)
- White House solutions creating new problems (Post)
- A bank levy will not stop the doomsday cycle (FT)
- Argentine bonds forecast to recoup losses by swap (Bloomberg)
- Credit Suisse in dark pool disclosure (Alphaville)
- FBI broke law for years in phone record searches (WaPo)
- Henry Ford raising wage may give China tip on worker prosperity (Bloomberg)
- Paying individuals not to work (RCM)
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Like the news out of the FBI is earth shattering to those of us that were on the receiving end of the Bureau's activities during the period under discussion. There needs to be a thorough outside audit of these activities and a determination as to how many illegal searches of homes, businesses, electronic media and other personal effects were also conducted by these law breaking government officials and those who failed so miserably in their supervisory duties. How many of these activities were based on retaliation? Collecting information on NGO's, attorneys, non profit's and others to trade with foreign governments and intelligence agencies? Undertaken to protect confidential informants, special & supervisory special agents, federal/state/local prosecutors who had lied under oath or on their reports so as to not lose a case or have to own up to their failures to follow the law and keep persons incarcerated for crimes they did not commit?
now there's a list o' fail
Its pretty sad when you got a list like that above for topics on Jan 19th.
Just buy everything. It's all going up.
..and the PPT is at it again.. look at this str8 shot up from globex lows..no institutional buying was taking place in the S&P Pit it was all via electronic e-mini.. resembles the ridicilous 230K contract 5min candle we had last week which broke the short trend... PPT prints all over this market again and again..
I hope this market crashes because they figure out the only buyer is the Fed