• Tim Knight from...
    09/29/2014 - 19:50
    Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for...

Financial Regulation

tedbits's picture

Tedbits: 2012 Outlook, Part 1 - When Leverage Fails





The saga continues as we head into 2012.  That saga is the demise of Ponzi finance

 
Tyler Durden's picture

Frontrunning: March 19





  • There is no Spanish siesta for the eurozone (FT)
  • Greece over halfway to recovery, says PM (FT) - inspired comedy...
  • Sarkozy Trims Gap With Rival, Polls Show (WSJ) - Diebold speaks again
  • IMF’s Zhu Sees ‘Soft-Landing’ Even as Property Slides: Economy (Bloomberg)
  • Obama Uses Lincoln to Needle Republicans Battling in Illinois (Bloomberg)
  • Three shot dead outside Jewish school in France (Reuters)
  • Osborne Seeks to End 50% Tax Spat With Pledge to Aid U.K. Poor (Bloomberg)
  • Monti to Meet Labor Unions Amid Warning of Continued Euro Crisis (Bloomberg)
 
Tyler Durden's picture

Frontrunning: February 2





  • Merkel Seeks to Reassure China (FT)
  • German-IMF Rift Stalls Greece Deal (WSJ)
  • Survey of Banks Shows a Sharp Cut in Lending in Europe (NYT)
  • Bernanke to testify on economy and deficit (AP)
  • House votes to freeze congressional, federal pay (WaPo)
 
Tyler Durden's picture

Is The CBO Merely Another Manipulated Front For Wall Street To Dictate Washington Policy?





In the past, when discussing the goalseeking C-grade excel jockeys at the Congressional Budget Office (or CBO), we have not been technically full of reverence. After all when one uses a phrase such as this one: "What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, "they are all completely worthless" you are absolutely correct", it may be too late to worry about burned bridges. We do have our reasons: as we pointed out last year, following the whole US downgrade fiasco when the Treasury highlighted the CBO's sterling work in presenting a US future so bright, Timmy "TurboTax" G had to wear shades, we said "according to the same CBO back in 2001, net US indebtedness in 2011 would be negative $2.436 trillion, the ratio of debt held by the public to GDP would be 4.8%, total budget surplus would be $889 billion, and GDP would be $16.9 trillion." As we know now they were off only by a modest $17.5 trillion on that debt forecast. Yet we never attributed to malice and bias and outright corruption, what simple stupidity and gross incompetence could easily explain. Until today that is, when following a WSJ article, we are left wondering just how deep does the CBO stench truly go and whether its employees are far more corrupt than merely stupid?

 
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