- The Inland Empire bubble is back: BMW to Amazon Space Demand Spurs Rush to Inland Empire (BBG)
- Tamerlan Tsarnaev was on classified government watch lists (Reuters)
- Brothers in Boston Bombing Case Said Drawn to Radicalism (BBG)
- Germany Spurns Calls to Loosen Austerity Stance (WSJ)
- Spain poised to ease austerity push (FT)
- What ever happened to France's voice in Europe? (Reuters)
- U.S., South Korea Reach Nuclear Deal (WSJ)
- U.S. Sees No Hard Evidence of Syrian Chemical Weapons Use (BBG)
- RBA Set to Invest Foreign Currency Reserves in China, Lowe Says (BBG)
- FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out (BBG)
Shareholders Join Bankers, Economists, Financial Experts, Regulators and the American People In Calling for a Break Up of the Giant Banks
You could even make a case that QE is part of TBTF. Chew on that for a while Shirley.
More and more in fashion lately in the financial world is companies taking huge write-downs of some flopped acquisitions....
The NY Fed is the single most powerful entity in charge of the Fed’s daily operations. How can any investor believe that the Fed can manage the system and restore trust when the NY Fed granted MF Global primary dealer status a mere nine months before the latter went bankrupt?
The 2008 crash resulted from the bursting of the biggest bubble in financial history, a ‘credit super-cycle’ that spanned more than three decades. How did this happen? Some might draw comfort from the observation that bubbles are a long established aberration, arguing that the boom-and-bust cycle of recent years is nothing abnormal. Any such comfort would be misplaced, for two main reasons. First, the excesses of recent years have reached a scale which exceeds anything that has been experienced before. Second, and more disturbing still, the developments which led to the financial crisis of 2008 amounted to a process of sequential bubbles, a process in which the bursting of each bubble was followed by the immediate creation of another. Though the sequential nature of the pre-2008 process marks this as something that really is different, in order to put the 'credit cuper-cycle' in context, we must understand the vast folly of globalization, the undermining of official economic and fiscal data, and the fundamental misunderstanding of the dynamic which really drives the economy.
A Potentially Nasty Snapshot Of Risk Resulting In Another Trillion Of Taxpayer Funded Bank Bailouts - A WalkthroughSubmitted by Reggie Middleton on 12/21/2012 12:55 -0400
Bigger Tax Payer Bank Bailouts Cometh? If You Think Taxes Are Gonna Be Higher You Ain't Seen Nothing Yet! I welcome one and all to show me how it will not be so.
Investors in the TBTF banks need to understand that the business model for this industry has changed. Thank Liz Warren
Isn't it amazing that you can get more notoriety for showing your ass and a pretty smile than you can get for outing the scam of the decade through intellectual analysis? More money was lost through the Facebook scam IPO at $38 than Bernie Madoff could ever have pulled off.
AMZN - Profitless, but making it up in volume.
Define irony: when the most vocal supporter of a dramatic change to the existing tax policy takes advantage of the last few days of the old one...
- BERKSHIRE HAS PURCHASED 9,200 OF CLASS A SHRS AT $131,000-SHR
- BERKSHIRE RAISED PRICE LIMIT FOR BUYBACKS TO 120% BOOK VALUE
- BERKSHIRE MAY BUY ADDED SHRS AT NO MORE THAN 120% BOOK VALUE
- BERKSHIRE BOOSTS BUYBACK PRICE LIMIT TO 120% BOOK VALUE VS 110%
A total $1.2 billion spent to avoid a few hundred million in new taxes. And now back to the hypocrticy of the "Buffett tax", and "Patriotic Millionaires for America." In other news, total donations to pay down the debt in Fiscal 2013 (starting October 1): $290,195.03.
Will Congress go over the fiscal cliff? Yes, we've been going for decades, really since the social unrest of the 1970s.
The details of the Spanish bad bank are being released and it is ugly - far uglier than many had expected. And while the Spanish government expects priovate interest to take some of this massively discounted 'crap' off their hands, we have three words: 'deleveraging' and 'no bid!'.
- *RESTOY SAYS BAD BANK AIMS TO BE PROFITABLE
- *SPAIN BAD BANK TO DISCOUNT LOANS AVG 46%; FORECLOSED ASSETS 63%
- *SPAIN AIMS FOR BAD BANK NOT TO COUNT TOWARDS PUBLIC ACCOUNTS
- *SPAIN TO DISCUSS BAD BANK WITH INVESTORS IN COMING DAYS
- *SPAIN BAD BANK TO INCLUDE FORECLOSED ASSETS, LOANS, STAKES
The Spanish government remain in a world of their own with this level of self-delusion. Discunt details below...
With the Associated Press report appended here, the German gold audit story has just exploded into the English-language press with some important revelations.
Overall, the acquisition of ANNB by FNB looks like a transaction that will create value for the acquirer’s shareholders, but it comes at a full price.