Frontrunning: May 17

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Tue, 05/17/2011 - 08:30 | 1282396 oogs66
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tepco officially admits it lied?  ecb already said it does.  why do we listen to any of them?

Tue, 05/17/2011 - 08:38 | 1282414 sabra1
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but yet cleanup won't be delayed! hello! hello! is anyone home? are the japanese people that stupid to reinhabit the area around the reactors? people, it's time to stop believing what these bastard politicians are telling us!!!

Tue, 05/17/2011 - 08:39 | 1282417 The Rock
The Rock's picture

This shouldn't be a surprise when a crying Komiri back in March is all you needed to see.

Tue, 05/17/2011 - 08:33 | 1282400 swissaustrian
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Draghi Backed by Euro Finance Ministers as Next ECB President:

Draghi, of course, is a former Goldman Sachs employee:

He was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005).

Tue, 05/17/2011 - 08:42 | 1282425 luciusfargo
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Tue, 05/17/2011 - 08:59 | 1282470 swissaustrian
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They seem to have an "agent" everywhere.

Tue, 05/17/2011 - 09:11 | 1282515 Alex Kintner
Alex Kintner's picture

Goldman has complete control of the US govt. Next goal: World Domination and forced worship at the "Church of the Bleeding Heart of Goldman Heist".

Tue, 05/17/2011 - 08:31 | 1282401 swissaustrian
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Tue, 05/17/2011 - 08:43 | 1282428 chistletoe
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The Commerce Department said on Tuesday housing starts dropped 10.6 percent to a seasonally adjusted annual rate of 523,000 units. March's starts were revised up to a 585,000-unit pace from the previously reported rate of 549,000 units.


Economists polled by Reuters had forecast housing starts rising to a 568,000-unit rate"

Tue, 05/17/2011 - 08:47 | 1282436 Johnny Lawrence
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Every single economic report is coming in below expectations, and the market still is hovering.  Unreal.

Tue, 05/17/2011 - 08:49 | 1282434 Johnny Lawrence
Johnny Lawrence's picture

And how will this crock of shit market be levitated today?

Tue, 05/17/2011 - 08:49 | 1282439 speedy
speedy's picture

RE: IMF chief claims consent in hotel 'attack' (Post)


The maid did not say "No" as her mouth was full at the time?

Tue, 05/17/2011 - 08:52 | 1282441 Careless Whisper
Careless Whisper's picture

IMF chief claims consent in hotel 'attack'

Apparently the chamber maid is a devout Muslim. She just had to have some love juice?  bwahahahahahha.

Note to Mister Big Shot: A NY City jury. won't. buy. it.


Tue, 05/17/2011 - 08:59 | 1282482 Alex Kintner
Alex Kintner's picture

Perfectly believable. I'm sure the maid woke up thinking, "Today I'd like to get skull fukked and butt fukked by some old rich, bastard." Oh yeah, perfectly believable. The daughter was in the courtroom. I'll bet she has some dirty little sekrets from her youth of daddy and midnight, corporate raid game play.

Tue, 05/17/2011 - 09:02 | 1282483 youngman
youngman's picture

and Gold and Silver getting raided again.....right on schedule....

Tue, 05/17/2011 - 09:08 | 1282519 Careless Whisper
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re: New York Investigates Banks’ Role in Fiscal Crisis

Here's your morning snack, courtesy of Senator Levin (page 617):

A federal court has held that disclosing a potential adverse interest, when a known
adverse interest already exists, can constitute a material misstatement to investors.2726 In the case of the Hudson CDO, much of the profit Goldman obtained would be generated from the losses incurred by clients that bought Hudson securities, creating an actual, undisclosed adverse interest. This construct, in which Goldman’s profits depended in part upon its clients’ losses, created a clear conflict of interest between Goldman and the clients to whom it was selling the Hudson securities, once Goldman had decided to become a short party in the CDO it was simultaneously marketing.

Tue, 05/17/2011 - 09:17 | 1282548 Alex Kintner
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Seriously, how does Goldman still have clients? Do you pay extra to be a Preferred Client -- one that Goldman promises not to screw into the ground?

Tue, 05/17/2011 - 09:20 | 1282563 Alex Kintner
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Tue, 05/17/2011 - 09:13 | 1282545 ivana
ivana's picture

you can add this one TD:

Chinese bubble finaly blows up!

Tue, 05/17/2011 - 09:18 | 1282554 High Plains Drifter
High Plains Drifter's picture

AIPAC , prelude to treason, 2011 version.

confirmed speakers. from the AIPAC website

AIPAC Policy Conference 2011 Schedule & Speakers
Delegates at AIPAC Policy Conference 2011 will hear from American and Israeli political leaders about the importance of the U.S.-Israel relationship. Below are some of the keynote speakers that will address this year's Policy Conference.

Confirmed Speakers Include:

The Honorable Barack Obama
President of the United States

The Honorable Benjamin Netanyahu
Prime Minister, State of Israel

The Honorable John Boehner (R-OH)
Speaker of the House, U.S. House of Representatives

The Honorable Harry Reid (D-NV)
Majority Leader, U.S. Senate

The Honorable Robert Casey (D-PA)
U.S. Senate

The Honorable John Thune (R-SD)
U.S. Senate

The Honorable Eric Cantor (R-VA)
Majority Leader, U.S. House of Representatives

The Honorable Steny Hoyer (D-MD)
Democratic Whip, U.S. House of Representatives

Mr. Jim Woolsey
Former Director, Central Intelligence Agency

The Honorable Martin Indyk
Vice President for Foreign Policy, Brookings Institution; Former U.S. Ambassador to Israel

Mr. Dan Senor
Adjunct Senior Fellow for Middle East Studies, Council on Foreign Relations

Mr. Paul Begala
Democratic Political Analyst and CNN Contributor

Mr. Ralph Reed
President, Century Strategies

hmmm, nice to see ralph coming up for air after all this time. we always knew that there was something just not right about the Christian right and/or the moral majority organization. it is so obvious our government is not our own. when the jews tell these bootlickers to speak, they speak and we suffer.

Tue, 05/17/2011 - 09:57 | 1282680 lsbumblebee
lsbumblebee's picture

Bebe's coming to give them their marching orders.

Tue, 05/17/2011 - 09:31 | 1282598 Cynthia
Cynthia's picture

Mike Whitney points out in his piece entitled "IMF Chief Strauss-Kahn Bagged in Honey Trap" that Strauss-Kahn was out to reform the IMF in such a manner that it would demand that US and other Western banks get a non-trivial haircut for help getting the PIIGS into debt:

He goes on to mention that Joseph Stiglitz -- a progressive economist who is no friend of the TBTF banks -- firmly believes that Strauss-Kahn is no friend of the TBTF banks either. Here's an excerpt from Joesph Stiglitz's piece titled "The IMF's Switch in Time":

"Strauss-Kahn had set out on a 'kinder and gentler' path, one that would not force foreign leaders to privatize their state-owned industries or crush their labor unions. Naturally, his actions were not warmly received by the bankers and corporatists who look to the IMF to provide legitimacy to their ongoing plunder of the rest of the world. These are the people who think that the current policies are hunky-dory because they produce the results they're looking for, which is to say they steal more wealth from the poor while making the rich even richer"

Adding to that, Dean Baker -- another progressive economist who is also no friend of the TBTF banks -- won't go as far as to say that Strauss-Kahn is a victim of entrapment by the banksters, but he does fear that if Strauss-Kahn is thrown out of the IMF and replaced by John Lipsky, a bankster from JP Morgan, then the chances of the IMF reforming itself in a progressive direction is next to nil:

Then Nouriel Roubini, the well-known financial analyst who warned us for years that the TBTF banks are out to turn us into their own personal debt slaves, tweeted this:

"DSK is innocent until proven guilty. One cannot rule out a setup as a smear campaign against him had started in the French press close to Sarko"

So from some fairly reliable input from first Mike Whitney and Joesph Stiglitz and then from Dean Baker and Nouriel Roubini, I have pretty much come to the conclusion that the Wall Street industrial complex, led by America's top kleptocratic banks, paid to entrap Strauss-Kahn not only as a way to prevent themselves from getting a much-needed haircut, but also as a gift to Sarkozy for assisting the US in its invasion and soon occupation of Libya. (Keep in mind, the US has put itself on a warpath to dethrone Muammar Gaddafi from power not only because he wants to nationalize Libya's oil supply, but he also wants Libya to finance its own debt without any assistance from the US banking system.)

Tue, 05/17/2011 - 09:43 | 1282630 velobabe
velobabe's picture

IMF chief claims consent in hotel attack.

well at least he admits it. now the the defense totally annihilates the chambermaids character. typical for a bastard. damn woman judge doesn't have the facts in front of her right. she says no bail, cause he was captured boarding a jet plane. i thought they got him while seated in the first class cabin?

Tue, 05/17/2011 - 09:51 | 1282667 DK Delta
DK Delta's picture

And how about the fact that Gordon Brown now wants to be chief of the IMF. God help us

Tue, 05/17/2011 - 10:01 | 1282693 Monedas
Monedas's picture

Confronted with an African maid, DSK probably had an "Alzheimer-Deja Vu" moment where he thought he was in any of a dozen countries on the "The Black Continent" from Burundi (?) to the DRC (ex Belgian Congo) ! In many places on our planet this is standard faire ! What happens in the maid....stays in the maid ! Monedas 2011 International Monetary Fun Tour

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