NBC Universal

The One Way Governments Could Actually Kill Bitcoin...

"Any attempt to get rid of Bitcoin would be about as successful as preventing people from smoking weed or pirating the latest Game of Thrones episode... But... Uncle Sam does have one weapon... one way they could potentially disrupt Bitcoin..."

How NBC 'Killed' Ronan Farrow's Weinstein Exposé

Inside and outside NBC, sources are challenging the network’s take on the bombshell it missed. "NBC did everything they could to delay it, complicate it, and ultimately [kill] it."

GE CEO Jeff Immelt To Step Down

In a major shakeup at one of the largest US industrial conglomerates, General Electric said Monday Jeff Immelt, 61, would step down as CEO and Chairman, a move that had been expected by many. John Flannery, 55, the company’s current president and CEO of GE Healthcare, will take over as companywide CEO effective August 1, concluding a 16 years period during which the stock price of GE has barely budged. 

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

The Mainstream Media Has Only Itself To Blame For The "Fake News" Epidemic

When false narratives and comedians are championed, the public at large stops relying on publications and networks who attempt to pass themselves off as “real news” but who in fact either ignore or simply don’t care about information they put out because of an ideological bias.

The Election Has Been Hacked: The Dismal Reality Of Having No Real Electoral Choices

Politics is a game, a joke, a hustle, a con, a distraction, a spectacle, a sport, and for many devout Americans, a religion. It is a political illusion aimed at persuading the citizenry that we are free, that our vote counts, and that we actually have some control over the government when in fact, we are prisoners of a police state. In other words, it’s a sophisticated ruse aimed at keeping us divided and fighting over two parties whose priorities are exactly the same so that we don’t join forces and do what the Declaration of Independence suggests, which is to throw the whole lot out and start over.

Frontrunning: April 29

  • Police enforce curfew in Baltimore, disperse protesters (Reuters)
  • Saudi king resets succession to cope with turbulent times (Reuters)
  • Euro-Area Bank Lending Increases for First Time Since 2012 (BBG)
  • Riksbank Increases Bond Purchases as Key Rate Left Unchanged (BBG)
  • Greek Banks Get More Funds as ECB Weighs Collateral Discount (BBG)
  • Greek bank deposits drop 1.36 pct in March for sixth month in a row (Reuters)
  • Sarao Remains in Jail After Failing to Pay Bail at Hearing (BBG)

Brian Williams' "Mis-Remembering" Will Cost Him $5 Million, Suspended By NBC For 6 Months

Having signed a new five-year contract in December reported to be worth $10 million a year, Brian Williams - the mis-remembering NBC News anchor - has been suspended by the network for six months without pay this evening, according to The NY Times. NBC Universal CEO Steve Burke remarked, "by his actions, Brian has jeopardized the trust millions of Americans place in NBC News. His actions are inexcusable and this suspension is severe and appropriate."

"Who Do You Trust?"

"We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must." - Cramer

"Seek not the favor of the multitude; it is seldom got by honest and lawful means. But seek the testimony of few; and number not voices, but weigh them." - Immanuel Kant

Frontrunning: July 31

  • Hilsenrath: Heat Rises on Central Banks (WSJ)
  • Some at Fed Are Urging Pre-Emptive Stimulus (NYT)
  • Obama Warns of Headwinds in Europe; Urges European Leaders to Take Decisive Action on Euro (WSJ) - also needs reelection
  • ECB thinks the unthinkable, action likely weeks away (Reuters)
  • Games Turn London Into ‘Ghost Town.’ (FT)
  • Greek Leaders Seek to Defer Austerity Cuts (FT)
  • Hong Kong Builders Unload Properties to Raise Cash for Land Rush (Bloomberg)
  • North India Crippled by Power Cuts (FT)
  • Euro-Area Unemployment Rate Reaches Record 11.2% on Crisis (Bloomberg)
  • Italy's Monti sees hope of end to euro crisis (Reuters)

"There Is No Chinese Wall. Please. Come On. This Is Wall Street"

Remember the look on one's face when one hears there is no Santa Claus, or tooth fairy? That, more or less, is what the visage on everyone's favorite CNBC anchors Becky Quick, Joe Kernen and Andrew Ross Sorkin was, when Chris Whalen matter of fact (because it is a fact) let a rare glimpse of reality on the NBC Universal distraction and entertainment show, when he said "There is no Chinese Wall. Please. Come on. This is Wall Street." Awkward silence follows. And why not: if the banks officially call frontrunning an "Asymmetric Information Initiative" to mask the simple illegality from the idiot regulators, why not call a spade a spade, and expose one more aspect of the lies and crime that is shoved down investors' throats every single day.

Bill Dudley's Financial Holdings Disclosed At Time Of AIG Bailout

Earlier today, the New York Fed was kind enough to voluntarily disclose the finacial holdings and assets of one former Goldman Sachs employee, and current FRBNY president Bill Dudley. Bill Dudley is also known as the gentleman to have received, when he was stil head of the PPT, aka the Fed's Open Markets Group, a waiver signed by one Tim Geithner on September 19, 2008, allowing him to keep not only his investment in AIG, which was "de minimis" at $1,200, but also in General Electric, which was not de minimis at $106,830. And while his modest holdings of AIG likely did not impact Dudley's protocol of bailing out the failed insurer, his interest in GE, and thus its then fully held subsidiary NBC Universal, parent of such comedy channels as CNBC, could potentially have been a source of conflict. Which is why the Fed has disclosed the full holdings of Dudley as of the 2008 year, in which we find that the bulk of Dudley's net worth was held by JPMorgan Chase Deferred Income Benefit Award (over $1MM) and JPM Chase Deferred Compensation ($500,001-$1,000,000). Was Mr. Dudley also completely conflict free vis-a-vis the bulk of his holdings, and their custodian, and did the New York's Fed largesse to bail out JPM among many others, have anything to do with this particular heretofore unknown detail? Of course not. After all, Jon Corzine is a free man. In other news, anyone who needs urgent access to the discount window or a $1 trillion overnight loan at 0.001% interest, should just call the Fed's 24/7 hotline: 877-52-FRBNY.