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 3 Verses 4040. The senses, mind and intellect are said to be its seat; through these it deludes the embodied by veiling his wisdom.
- Chapter 3 Verses 3939. O Arjuna, wisdom is enveloped by this constant enemy of the wise in the form of desire, which is unappeasable as fire!
- Chapter 3 Verses 3838. As fire is enveloped by smoke, as a mirror by dust, and as an embryo by the amnion, so is this enveloped by that.
- Chapter 3 Verses 37The Blessed Lord said: 37. It is desire, it is anger born of the quality of Rajas, all-sinful and all-devouring; know this as the foe here (in this world).
Mish Shedlock
- Different Kind of Real Estate Crash November 9, 2009
- Living Wages, Sheep, and Grocery Store Strikes November 8, 2009
- Financial Transaction Taxes Would Cause Stock Market Crash November 7, 2009
- Bloggers' Right to Free Speech and Use Anonymous Sources Questioned in New Hampshire Supreme Court November 6, 2009
