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Frontrunning: January 27
- Main Street vs Wall Street battle lines getting clearer: Bankers unite against Barack Obama and Gordon Brown in call for world regulation (Evening Standard)
- Geithner AIG recusal was "After the fact" Issa says (Bloomberg)
- Throw Bernanke and Congress overboard (Portfolio)
- Blocking Bernanke is smart economics, smart politics for democrats (The Nation)
- Split in the UK: Mervyn King rubbishes Gordon Brown's Tobin plan, allies himself with Obama (Telegraph)
- As long expected, sovereign CDS trading is the new black (and FX): Swap trading surges as national deficits rise (Bloomberg)
- The State of the Union speech Obama would give in a more honest world (WaPo)
- Could California really default? (RCM)
- BBVA credit quality reality check... Spain and Portugal NPA almost double to 5.1% (Immobilienblasen)
- Rusal's debut - a 10.6% first day drop, but who cares: China will keep printing money (FT)
- Latest WSJ Bernanke/Geithner poll numbers (MSNBC)
- Retrospect: friend or foe (Claradan's View)
- Winkelried: The man who walked away from Goldman Sachs (Fortune)
- Fed may take fat chance ending debt purchases won't hurt housing (Bloomberg)
- Lehman's, sorry, Barclays', Bob Diamond is angry at Obama bank plans (FT)
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The "Sherwood Forest" strategy - first Oregon, then the rest of the Blue states?
http://news.yahoo.com/s/ap/20100127/ap_on_bi_ge/us_oregon_tax_vote
Nothing like raising taxes on other people to make the electorate feel good about themselves. Guess they've not yet run out of other peoples' money to spend.
Nothing quite like the tyranny of the majority in a blue state. This decision meshes well with assisted suicide (I think that this is legal in Oregon?). We just need to make sure that BO isn't allowed to stop the suicides again with more federal bailouts of the states.
does anyone know if there will be a link to watch Geithner testimony online? thank you
Why is Gordon Brown relevant any more? Does he really think his call for world regulation will make him more popular?
He certainly hopes so. He's willing to try any number of things at this point, especially things that go with the grain of his rather left-wing gut preferences. Bear in mind that he thinks he saved the world economy in 2008 by being the leader who pushed for fiscal stimulus in all the developed economies, Being the leader who pushed through sweeping global financial reform would be a suitable second act, to his mind. He's still hopeful that all this hard work will win him credit from UK voters for his decisive global crisis leadership, so he can run as the crisis-ready heavy hitter, ready for the tough times to come, against inexperienced David Cameron. After all, there's little else he can run on anymore apart from "Look out! It's the Toooories!"
Bank of America Forecloses on Florida Home… Big Deal. (Oops, Wrong House.)
Charlie and Maria Cardoso pleaded with Bank of America to not foreclose on their home in Florida, but the bank said there was nothing that could be done. So, the bank foreclosed on the property, forced out the tenants, stripped the house, and changed the locks.
There was just one small, little, tiny, almost insignificant problem… the Cardosa’s owned the home free and clear. Bank of America had no mortgage on the home. They meant to foreclose on a home down the street… the numbers on a court document were wrong. But they went ahead and did it anyway, even after repeatedly being told by the Charlie and Maria Cardosa that they were wrong and that they had no right to throw out their tenants and take their belongings.
http://mandelman.ml-implode.com/2010/01/bank-of-america-forecloses-on-fl...
sounds like they were under-armed...