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Frontrunning: October 28
- Banks: U.S. Solicitor General Blocked Fed Appeal to Supreme Court (WSJ)
- Barney Frank fights for survival (Reuters): three words: Vote. Him. Out
- As expected, Wells Fargo lied: bank erred in thousands of foreclosures (AP)
- Desperation time: Banks `Want to Sit Down' With States to Discuss Foreclosures (Bloomberg)
- For foreclosure processors hired by mortgage lenders, speed equaled money (WaPo)
- Anglo Irish bondholders seek to block offer (Reuters)
- In Spain, Homes Are Taken but Debt Stays (NYT)
- Stocks Rise or Sink on QE2's Expected Size (Barrons)
- Here comes Chinese HFT: China Wrests Supercomputer Title From U.S. (NYT)
- China Needs To "Say No" On Rare Earths (Reuters)
- Mad Fed Should Beware Unquantifiable Outcomes (Bloomberg)
- EU to Weigh Changes to Treaties (WSJ)
- U.S. elections exacerbate tough China relations (Reuters)
- Spain's Deficit Progress Rewarded With Cheaper Funding Costs (Bloomberg)
- UK spy boss: Nukes a wider threat than terrorism (Reuters)
- Republicans Win House, Get No Mandate in Poll Favoring Clinton (Bloomberg)
- Apple reveals headcount boost, warns on margins (Reuters)
- Ready For Pay Cut? (IBD)
Economic data:
- Euro-Zone Business Climate Indicator for October 0.98 - higher than expected.Consensus 0.79. Previous 0.76.
- Euro-Zone Consumer Confidence for October -11.0 – in line with expectations.Consensus -11.0. Previous-11.0.
- Euro-Zone Economic Confidence for October 104.1 - higher than expected.Consensus 103.5. Previous 103.2.
- Euro-Zone Indust. Confidence for October 0.0 - higher than expected.Consensus -1.0. Previous -2.0.
- Euro-zone Services Confidence for October 8.0 - higher than expected.Consensus 7.0. Previous 8.0.
- France Producer Prices for September0.3% m/m 47.2% y/y- higher than expected. Consensus 0.2% m/m 4.0% y/y. Previous 0.1% m/m 3.5% y/y.
- Sweden Consumer Confidence for October 23.4 - lower than expected. Consensus 28.0. Previous 28.4.
- Sweden Retail Sales for September 0.8%m/m (sa) 5.5%y/y (nsa) - higher than expected.Consensus 0.5%m/m 4.2%y/y Previous 0.1%m/m 4.5%y/y.
- UK Nat'wide House prices for October -0.7%m/m (sa) 1.4% y/y(nsa) - lower than expected.Consensus -0.3% m/m 2.3% y/y. Previous 0.1% m/m 3.1% y/y.
- UK CBI Reported Sales for October 36 - higher than expected.Consensus 35. Previous 49.
- Australia Conference Board Leading Index 0.2%. Previous 0.8%.
- Japan Buying Foreign Bonds¥682.6B. Previous ¥919.5B.
- Japan Buying Foreign Stocks -¥55.4B. Previous -¥3.9B.
- Foreign Buying Japan Bonds ¥720.2B. Previous -¥188.1B.
- Foreign Buying Japan Stocks ¥114.5B. Previous ¥133.5B.
- Japan Retail Trade -3.0% m/m 1.2% y/y – lower than expected.Consensus -0.5% m/m 3.2% y/y. Previous 1.4% m/m 4.3% y/y.
- Japan Large Retailers’ Sales -1.7% - higher than expected.Consensus -2.5%. Previous -1.8%.
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banks want to "sit down" with the attorneys general....
and explain to them in very simple language why they are "special" ....
and should be allowed to upend 1000 years of established property law....
and should be allowed to submit forged and blatantly fraudulent documents to the courts.....
and be allowed to illegally seize homes.
and let's hope the attorneys general really grasp who is in charge here, right?
lob and gob..as in..banks want to lob gobs of money at the attorney generals...maybe some makes it to state coffers (shake down)..maybe it does not (bribes)..it's like the yankees...keep adding commas until they balk. no? idk, that's how it reads to me..ive said it before, when looking to see who the players are in this mess..make a note..adjust your sights accordingly
These are bribery sessions. Nothing more, nothing less.
This is how the game works:
Sit down behind closed doors, and the campaign promises, pet-project support and personal kickbacks will come fast and thick.
It's an old game. It works every time.
i had something else to add..wrote it..and im not gonna say..just stfu before I say some other shit..im reaching my boiling point here..Marla please tell me you have weekend mix..conrad? steak?
LOL. Well hell Mountain Man, I'd sure hate for you to uh.. "say some other shit".
'Got me shakin' in my boots over here, big guy.
man i would say something else..nm, i'll stfu
it is just staggering to see -- openly and in neon -- how corrupt our government has become.
want a job? move to germany.
http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=1460031
NOW.
In Spain, the homes are taken, but the debt stays.
(I just can't figure out why the debtors stay...)
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