Saturday, January 31, 2009

Rep Marcy Kaptur: Foreclosed owners should squat in their own homes

Well she sounds good she sounds mad and she says the right things kind of things that get the votes, but talk is cheap see if she can intro...

Thursday, January 29, 2009

Taxpayer Trillions Lost

CBS videos online We should be in the streets, pitch forks in hand!

Wells Fargo Drops $2.5 Billion in Q4

Wells Fargo reported a $2.55 billion fourth-quarter loss on multi billion dollar write downs of its own and to those of Wachovia. It’s foreb...

Wednesday, January 28, 2009

Ron Paul Grills Fed Governor 1/13/09

Congressman Ron Paul questions Donald L. Kohn, Vice Chair of the Federal Reserve Board of Governors, at the House Financial Services Committ...

Royal Bull Sh!t

ROYAL BANK OF SCOTLAND is preparing a grand slamming of the barn door after the horses are gone. This is no ordinary exercise of the age old...

Tuesday, January 27, 2009

The John and Andy Show Part Two

You can just smell that Andrew Cuomo smells opportunity.  The self-aggrandizing New York State Attorney General has just subpoenaed John Th...

Ron Paul CNN American Morning 01-27-2009

Ron Paul vintage !

Monday, January 26, 2009

Ron Paul at Financial Services Hearing

Here's Congressman Ron Paul's opening statement at the House Financial Services Committee hearing on January 13, 2009 dealing with t...

Thain Pushed Over

When the Merrill Lynch board refused to give John Thain his cut you just had to know that was going to get his bonus somehow. Recall that wh...

Mike "Mish" Shedlock Interview January 2009

Mike "Mish" Shedlock discusses his views on DEFLATION, be careful here he uses a different defintion of inflation, the argument bo...

Sunday, January 25, 2009

Clouds Gather Over SunTrust

SunTrust Inc. reported its fiscal fourth-quarter and full-year 2008 results, but the more than $1 billion in write-downs and distresses dim...

Saturday, January 24, 2009

The Leaning Tower of Ponzi

Here's a nice little history of  Charles Ponzi  and the original Ponzi scheme, plucked  from an excellent post on the Trumpet.com outing...

Fed Reserve Fails to Reflate the US Banking System

here's more from iTulip.com Why are the Fed's lending facilities not working this time as in the past? A few readers asked if the BO...

Friday, January 23, 2009

Third in a Row For Fifth Third

Before the credit bubble burst Fifth Third Bancorp had not reported a loss in 36 quarters, nearly a decade, but in the bank's fiscal fou...

Thursday, January 22, 2009

U.K. Pound Serves as Omen for Dollar

The New World order masters of the universe are temporarily in need of a strong US dollar, but once all the toxic assets have been bought an...

Wednesday, January 21, 2009

Ron Paul on Obama's Inauguration Speech

Obama took the oath of office yesterday  providing hope not seen since Kennedy's inauguration. Unfortunately this emperor is as naked th...

Gold and the USD rise together!

It is difficult to trade him in a market that so badly rigged as this one,  where neither the technicals know the fundamentals matter you ju...

Fox-es Leaving the Henhouse

George W. Bush is eight years have gone bye-bye, so to the last six lame-duck months of his presidency along with it's associated lootin...

Tuesday, January 20, 2009

Did The Government Ask Ken Lewis To Keep Quiet About Merrill Losses? (BAC)

This post from Clusterstock.com goes hand in hand with the Bank of America Goes Down just below. As I said in that one Ken Lewis seems to b...

R.I.P. Citigroup

Like an ancient old oak tears itself apart Citigroup the bank that Sandy Wile built, has split in two under the crushing force of its own en...

Monday, January 19, 2009

Bank of America Goes Down

On the same frantic weekend as Lehman Brothers lost everything, Bank of America co-conspired with the treasury ripoff of $50 billion from A...

Sunday, January 18, 2009

How the Bailout really works

Someone emailed this explanation of the bailout to me . Once upon a time a man appeared in a village and announced to the villagers that he ...

Friday, January 16, 2009

Swindle

Wall Street is a criminal enterprise based on a confidence scam so it should be no surprise that the swindle continues unabated. Bank of Ame...