This page has been archived and commenting is disabled.
Frontrunning: November 2
- Fed Independence: RIP? (Cumberland Advisors)
- Evans-Pritchard: It is Japan we should be worrying about, not America (Telegraph)
- Pandit's "near-death" cash hoard signals lower US bank profits (Bloomberg)
- Goldman looks to buy Fannie tax credits (WSJ)
- BNY Mellon CEO Kelly tells BofA: No, thanks (WSJ)
- Galleon and the trouble with insider trading (WSJ)
- Bank of America joins China as buyer of treasuries (Bloomberg)
- We're governed by callous children (WSJ, h/t Austrian Filter)
- Brown Brothers: Monetary Policy in Focus, but Fiscal Policy may Prove More Formidable (BBH)
- Mankiw: Supply-side ideas, turned upside down (NYT)
- Wall Street, meet Ken Feinberg, the pay czar (Time)
- Ben Bernanke is a walking economic fallacy (Forbes)
- Ford benefits from CfC, seems to believe subsidies will continue (AP, BBC)
- Bid to share Thai share volatility (BBC)
- Fire on Australian rig delays plans to stop leak into Timor Sea (Guardian)
»
- 3142 reads
- Printer-friendly version
- Send to friend
- advertisements -
Sorry to repost but I thought it was important because this COULD turn into a wildfire.
Jesus,
This schmuck is looking at 20 years and BofA (and for that matter probably JPM and GS on other deals), who received TARP $ and huge bonuses get amnesty ?????????????????
http://www.bloomberg.com/apps/news?pid=20601109&sid=auHFr7xQK9lg&pos=10
financials are behaving very strange in premarket.
specifics, please.
I see nothing out of the usual in premarket.
arrogant chat hounds usually don't
The new law will get rid of the Fed's independence? They act independently of politics? Who is Cumberland Advisors kidding? While I don't agree with this new rule on the surface, its passing will merely solidify what has already been taking place between the Fed and the Treas, at least for the past 9 years. The Fed is politically motivated in its easy money policy and its contraction of the money supply at the behest of Congress/Goldman Sachs/Treasury.
On a side note, I am in the rears on my Federal icome theft and each check I write has "for the public support of Goldman" in the memo line. I don't know how to combat the assholes anymore, so I am left with empty word on my tribute payments to the Federal Reserve/Goldman.
Is ISM like Chicago PMI where it's released early to subscribers/others?
Taxpayer screwed again.
Nice little trick with the September construction spending data...
WSJ: Goldman to buy tax credits
Paulie "Walnuts" Gaultieri: Taxes? Da family don't need a partner.
Wait......Bank of America joins China in buying US Treasuries? I thought the .gov was done buying? isn't that the same thing?????
Wait......Bank of America joins China in buying US Treasuries? I thought the .gov was done buying? isn't that the same thing?????
With regard to the column by Evans-Pritchard on Japan's problems that quoted CDS rates for defaults on the debt of various governments, I've always wondered who writes these contracts and how buyers can have any confidence that their counterparty will actually be able to pay off in the event of a debt default of a major country which would almost certainly cause an unpredictable chain reaction in the value of currencies and securities.
Does anybody know who writes these contracts and why buyers are confident they'll be able to pay off?
"Callous Children?" A dollar short & 8 years late.