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Frontrunning: March 5
- Fannie, Freddie may ask banks to eat $21 billion of sour loans (Bloomberg)
- Tresuries tumble after snow posturing ends up being great strawman (Bloomberg)
- No snow issues here - striking greek workers shut down transport, try to storm parliament (Bloomberg)
- French debt coming under investor scrutiny (Reuters)
- Singapore's GIC becomes UBS' biggest shareholder (Bloomberg)
- Market forecast- confusing (Barron's)
- How much does the national debt matter? (Forbes)
- Democracy under attack? (Top Down Investing)
- UK would still be in recession without 200 billion pound cash injection (Telegraph)
- Equity firms cheer staple finance return (WSJ)
- 2009 tax year oddities (Weathersealed)
- A tale of two great depressions (IBD)
- Goldman Sachs eyes servers with batteries (Data Center Knowledge)
- Singapore planning to recreate Greenwich as it creates hedge fund park in Nepal Hill (Bloomberg)
- Picture of the day:
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AP brands workers that strike as communist---go figure.
March 4, 2010. Dozens of Communist-affiliated unionists occupied the ministry building, preventing all employees from entering, to protest harsh austerity measures announced by the center-left government.
If the protesters are communist then what is the label for the guy with the baton?
Uh...Does it start with an "F"?
Huh, they never label the Fed and its sweetheart banks communist. I guess when its comes to capitalism your only a communist when you want fairness.
> the PAME union, aligned to the Communist Party of Greece
Do you think they're making this up? http://en.wikipedia.org/wiki/Communist_Party_of_Greece got 7.5% of the popular vote at the last parliamentary election, winning 21 seats.
front run this too, from an unlikely messenger:
Dems are wimps and wusses and weasels. The crash of '08 was a coming attraction.
http://www.alternet.org/news/145920/michael_moore:_there%27s_going_to_be...
Where is Marla? Free Marla
I don't know how unlikely this message is from this messenger. It's pretty much what he's been saying for 25 years. He's supported Dems because, well, look at the guy. Who else is he going to support? Doesn't mean he had to be their bitch all the time.
Thanks for the link!
CW, as always, thanks for the link...
was this what I was suppose to read? http://www.alternet.org/drugs/145872/how_the_dea_scrubbed_thomas_jefferson%27s_monticello_poppy_garden_from_public_memory/
;) Yes, Free Marla!
Marla is currently attending all the events for the opening of Alice in Wonderland. Duh.
Where is that photo from? Cali?
I guess energy prices are a positive to the economy above $80/bl - as hot button issue
cost of energy in this economy gets no attention from MSM even the blogs..
as oil ran up to $140 that was all we heard how oil prices tanked the market ...
times change..nothing to see here move along.
I've been watching the refiners shoot up like an 80 year-old on Viagra and wondered how a zero crack spread is good for profitbility? This market is insane
Where is that photo from? Cali?
Much worse. Athens, outside the parliament.
One just can imagine how the US government is afraid of potential austerity measures, because the reaction in America will be 10 times fiercer. They just prefer buying time as long as market allows… Greece is a dress rehearsal for the US.
My prediction differs from yours. I believe the reaction in America to similiar measures would be 1/10th of Greece's reaction, or two orders of magnitude less than your prediction.
In fact, I believe you would see many Americans cheering as the FOX TV images show Mexicans leaving California and returning home of their own volition.
Your opinion is respected. Better I am wrong. The time will tell.
However, the winner is .... http://www.usdebtclock.org/
More frontrunning. Project Mayhem?
Pentagon Shooter Railed Against U.S. on Internethttp://www.foxnews.com/story/0,2933,588074,00.html
Oh come on Ms, don't fall for that bull. What's next, he's a tea party guy, a birther, a truther??? I smell false flag.
front run this too, from an unlikely messenger:
Dems are wimps and wusses and weasels. The crash of '08 was a coming attraction. From textit? See http://e8530294.byethost18.com/
As stated in prior posts. the banks will pick one country at a time to go after debt. don't worry we will get it too
Regarding Bartlett's article on national debt significance there are some important perspectives. The comparison to post WWII debt is shakey. We had the leading infrastructure{not blown up}, devalued relative to pre-FDR currency but still tied to gold standard and far dominate capitalist economic system. War debt was much higher relative to consumer debt because we were a save first buy later people, who are now hugely in debt, a different ratio. Both govt. and consumers maxed out, the payment of the debt burden of the govt on the people by the people makes the national debt very important and cannot be minimized as the article seems to attempt. Feeling it, Bulldung
CNBC Protects Bad Guys Who Took Huge Bailouts from Taxpayers
CNBC acts as if over-borrowing by U.S. consumers created a global financial crisis. This myth protects Wall Street banks.
Predatory Lending: Consumers Need Protection
At times individual borrowers overreached, flipped houses, or lied about income. But those weren't our only problems. Borrowers were often targeted and actively misled. Wall Street supplied the funds to predatory lenders. Then it packaged up those loans into phony securitizations.
CNBC Blames Taxpayers Not Banks' Titanic Losses and Enormous Bailouts
I appeared on CNBC on Tuesday to discuss consumer protection. Everyone else in the clip below is on CNBC's payroll.
CNBC editor Rick Santelli wants to blame taxpayers for a problem created by Wall Street Banks (and denies predatory lending is an issue). He suggests losses are the fault of individual borrowers, yet is silent on the titanic losses and enormous bailouts for the Wall Street Banks.
http://tinyurl.com/yckxknh
Santelli said the blame goes all around. He has been against the banks being bailed-out from the start. It's pathetic you need to draw attention to yourself. He gets on there everyday and talks about Barneys Fannie/Freddie nightmare which caused this whole thing. I'm pretty sure if a CNBC paycheck had anything to do with it, Santelli would be playing a different tune. Oh, look who butters your buns, Ariana Huffington. HoPo is a good place for class/race baiters like you!I don't buy your spin.
Did China buy the gold yet? I am pretty sure someone bought some gold at $1125, or does the IMF now want $1135? Canada, did you buy some IMF gold? Or New Zealand? Who is buying the gold? Japan?
One of the brightest minds on Wall Strett, Janet Tavakoli, takes on the cafateria crowd at CNBC; stands down "Yay Yay Lair eh" KudLow, and "Slick" Rick Santelli.
Its a contest to demonstrate who knows the least about lending and legal fraud:
http://www.ritholtz.com/blog/2010/03/predatory-lending-on-cnbc/
http://www.reuters.com/article/idUSTRE6233MS20100304
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