Archive for March 2009
How the Geithner plan “works”
Posted by: r1b2 on: March 31, 2009
Another related post of mine here about the plan.
Taxpayer dollars going down the drain
Posted by: r1b2 on: March 23, 2009
Just yesterday President Obama said the bank assets/derivatives are worthless. Today according to Geithner’s plan government is going to buy them with private investors with government buying about 95% of any assets that bank want to sell.
Here’s is an example from marketwatch.com
How the plan would work
The Treasury’s ambitious program would revolve around five steps:
1. A [...]
CDS regulation? Dream on…..
Posted by: r1b2 on: March 19, 2009
Credit default swaps (CDS) are insurance against default of debt, which currently trade in unregulated, over-the-counter markets. It will start trading on Intercontinental Exchange’s platform. But it will be still remain unregulated and under control of the same 11 big players because the exchange got an exemption from SEC. May be SEC doesn’t want more work [...]
Bailout for a bank tied to a congresswoman
Posted by: r1b2 on: March 12, 2009
Representative Maxine Waters, a member of the House Financial Services Committee helped get bailout for a bank named OneUnited, which had ties to her husband. It is an outrage! Nobody cares for taxpayers. Not even our representatives in the congress.
Top banking regulators were taken aback late last year when a California congresswoman helped set up [...]
Jon Stewart mocking CNBC
Posted by: r1b2 on: March 12, 2009
- In: Finance| comedy
- Leave a Comment
The daily show takes on CNBC. Simply funny and brilliant.
Made-off fooled SEC
Posted by: r1b2 on: March 12, 2009
Harry Markopolos blew the whistle to the Securities and Exchange Commission about Bernard Madoff as early as 2000. Here is his interview on 60 minutes.
Sorry to see that some people lost retirement savings with Maddoff and now have nothing. Markopolos termed SEC as people who come to impound after the scam and are bunch of [...]
Gita verses
- Chapter 4 Verses 77. Whenever there is a decline of righteousness, O Arjuna, and rise of unrighteousness, then I manifest Myself!
- Chapter 4 Verses 66. Though I am unborn and of imperishable nature, and though I am the Lord of all beings, yet, ruling over My own Nature, I am born by My own Maya.
- Chapter 4 Verses 55. Many births of Mine have passed, as well as of thine, O Arjuna! I know them all but thou knowest not, O Parantapa!
- Chapter 4 Verses 44. Later on was Thy birth, and prior to it was the birth of Vivasvan (the Sun); how am I to understand that Thou didst teach this Yoga in the beginning?
Mish Shedlock
- Credit Card Delinquencies, Chargeoffs Rise Again; Bank of America Has Credit Card Headaches December 29, 2009
- Hussman on Valuation; Stocks Higher? Bulls Dance On Edge Of Cliff December 29, 2009
- Morgan Stanley Predicts 5.5% 10-Year Treasuries, 30 Year Mortgages at 7.5%; I'll Take the Under December 29, 2009
- 26 Mile Long Glut Of Idle Oil Tankers December 28, 2009
