Blogs

Profiling a great economist and human being whose honesty has driven him from politics and to the People.

We are certain that the unprecedented government policy response to avert a depression-era collapse of our financial system will go hand in hand with an unprecedented number of unintended consequences, perhaps manifested by loss of confidence in the dollar, inflation and possibly both.

SEC charges Bank of America with lying to investors to the tune of billions of dollars, but quickly realizes its mistake and settles for $33 million. Actual payment to be delayed until BofA teller in charge of petty cash drawer returns from vacation.

Next week the 'deal' for UBS is due out. How big is the fine going to be? Some estimate as high as $5.5 bil. $20 billion+ of withholding taxes has been applied to these accounts. Where is the money?

CNBC once again breaks new journalistic ground by taking a long, hard look at the porn industry.

The Treasury sold $109 billion of new coupons last week and rates fell by 25BP. How did they do that??

To manipulate or not to manipulate? That is not the question on the Treasury's mind...

No punch bowl at this party. Lots of slides of the mortgage mess. Did Mr. Lockhart confirm the rumor that the Agencies are going to merge with Ginnie Mae?

CNBC's Dennis Kneale isn't a smarmy, arrogant blowhard with no journalistic scruples. He just seems that way.

Another surprise in bond land. This time an upside. The dealers do not know how to price all this paper.

I love watching the press struggle with the issue of Asia buying U.S. debt. You can look at three different papers in a two day period and get three different answers on the topic. They are buying more. They will sell it all. They are doing nothing. We are fine. We are fucked. Who the hell knows?

Fannie and Freddie Pref are up 200% in five weeks. Who knows what?

C goes off the NO BORROW list on Friday. The value of the common is just a guess.

2006? Ancient history dude.

Cramer calls for a 35% pop in BAC. What's he selling?