Frontrunning: March 3

Tyler Durden's picture

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Snidley Whipsnae's picture

Who wouldda thunk three years ago we would be hearing the WSJ calling for a tombstone for the dollar today?

Terminus C's picture

From the: No criminal charges ever: Officials Disagree on Penalties for Mortgage Mess (NYT)

But other regulators, including the Office of the Comptroller of the Currency, which oversees national banks, and the Federal Reserve, do not favor such a large fine, contending a small number of people were the victims of flawed foreclosure procedures.

Small number of people affected... this is and will continue to affect the entire economy... of the fuckin world...

Glad the regulators have a good grasp of this.

Bob's picture

The Voice of Perversion abhors competition:

The nation’s largest mortgage servicer, Bank of America, is already readying what will be among the industry’s main arguments: that it is unfair to reward homeowners who are delinquent or underwater but cannot point to specific errors in their case.

“The question is one of fairness, who should receive a modification and who should not,” said Jim Mahoney, a spokesman for the bank. Too broad a rescue package, he said, “could forestall the housing market recovery or even create perverse incentives.”

SheepDog-One's picture

Bernanke sees 200,000 job cuts due to a measely FOUR billion 'budget cut'? So then Bernankes normal day of $9 billion POMO monetization means 400,000 jobs are lost daily then. This is all just plain madness. On steroids.

Careless Whisper's picture

Alcatel Lucent May Be Takeover Target By Chinese

Bell Labs Under Chinese Control?

http://www.bloomberg.com/news/2011-03-03/alcatel-shares-reach-the-highes...

 

rwe2late's picture

Here's a surprise:

 

The Supreme Court of the United States ruled Tuesday that AT&T and other corporations do not have personal privacy rights under the Freedom of Information Act (FOIA).

The unanimous decision in

Federal Communications Commission v. AT&T, Inc.

reversed a ruling by a US appeals court in favor the telecommunications company.http://www.rawstory.com/rs/2011/03/02/supreme-court-corporations-dont-have-personal-privacy-rights/

"We trust that AT&T will not take it personally," Roberts added. "The judgment of the Court of Appeals is reversed."

 

(not take it personally...lol)