Hear a European discussion of the US market woes and the predictions for the future, including nationalization of the US banks within one year. This video ran rather jumpy-start-stoppy for me, but it was well worth taking the time to let it play.
Bottom line: buy only US treasuries, or buy a safe.
Monday, November 24, 2008
Sunday, November 23, 2008
Doctors' Professional Opinions on the Wallstreet Bailout
Doctors registered opinions About the current financial disaster, Specifically in regard to the Government "Bail Out Package".
Opinions were as follows:
Allergists voted to scratch it, whereas
Dermatologists advised not to make any rash moves.
Gastroenterologists had sort of a gut feeling, but
Neurologists thought the Administration had a lot of nerve!
Obstetricians said we were laboring under a misconception, but
Ophthalmologists flat out vetoed the bill as being short-sighted.
Pathologists yelled, 'Over my dead body!' and
Pediatricians rallied to chant, 'Oh, Grow up!'
Psychiatrists thought the whole idea was madness, while
Radiologists could see right through it.
Surgeons agreed to cut it up and wash their hands of it, yet
Internists thought it was a bitter pill we have to swallow.
Plastic Surgeons said, 'This puts a whole new face on things.'
Podiatrists thought it was a step forward, but
Urologists said the it would not hold water.
Anesthesiologists noted that the whole idea was a gas, but
Cardiologists didn't have the heart to say no.
Final opinion was voiced by a coalition of Proctologists
Who advised everyone to leave the financial fiasco
With the assholes in Washington who caused it.
Opinions were as follows:
Allergists voted to scratch it, whereas
Dermatologists advised not to make any rash moves.
Gastroenterologists had sort of a gut feeling, but
Neurologists thought the Administration had a lot of nerve!
Obstetricians said we were laboring under a misconception, but
Ophthalmologists flat out vetoed the bill as being short-sighted.
Pathologists yelled, 'Over my dead body!' and
Pediatricians rallied to chant, 'Oh, Grow up!'
Psychiatrists thought the whole idea was madness, while
Radiologists could see right through it.
Surgeons agreed to cut it up and wash their hands of it, yet
Internists thought it was a bitter pill we have to swallow.
Plastic Surgeons said, 'This puts a whole new face on things.'
Podiatrists thought it was a step forward, but
Urologists said the it would not hold water.
Anesthesiologists noted that the whole idea was a gas, but
Cardiologists didn't have the heart to say no.
Final opinion was voiced by a coalition of Proctologists
Who advised everyone to leave the financial fiasco
With the assholes in Washington who caused it.
Regulators fired, disciplined for taking gifts from oil firms
Regulators fired, disciplined for taking gifts from oil firms
By Greg Gordon | McClatchy Newspapers
WASHINGTON — Two employees of the Interior Department have been fired and eight others disciplined in a scandal over the acceptance of meals, junkets, gifts and, in some cases, illicit sex and drugs from the oil companies that they regulated, a knowledgeable person said Friday.
Randall Luthi, the director of the department's Minerals Management Service, announced Friday that he'd meted out discipline ranging from a letter of reprimand to dismissal, but gave no details. All those disciplined worked in the controversial Royalties-in-Kind program, in which the government forgoes royalties on federal leases and instead takes a percentage of the pumped oil and gas for resale.
The actions came in response to a scathing September report in which Department Inspector General Earl Devaney described ``a culture of substance abuse and promiscuity'' in the RIK program and said 19 of its employees had taken gifts from oil and gas industry sources.
By Greg Gordon | McClatchy Newspapers
WASHINGTON — Two employees of the Interior Department have been fired and eight others disciplined in a scandal over the acceptance of meals, junkets, gifts and, in some cases, illicit sex and drugs from the oil companies that they regulated, a knowledgeable person said Friday.
Randall Luthi, the director of the department's Minerals Management Service, announced Friday that he'd meted out discipline ranging from a letter of reprimand to dismissal, but gave no details. All those disciplined worked in the controversial Royalties-in-Kind program, in which the government forgoes royalties on federal leases and instead takes a percentage of the pumped oil and gas for resale.
The actions came in response to a scathing September report in which Department Inspector General Earl Devaney described ``a culture of substance abuse and promiscuity'' in the RIK program and said 19 of its employees had taken gifts from oil and gas industry sources.
Wall Street insider speaks out, a MUST-WATCH video!
Excellent PBS video on this page that you really should watch.
What role did the credit rating agencies play in the current economic crisis? This week, a former managing director at Standard & Poor's speaks out on U.S. television for the first time about how he was pressured to compromise standards in a push for profits.
Frank Raiter reveals what was really going on behind closed doors at the credit rating agencies the public relies on to evaluate the safety of their investments.
"During this period, profit was primary; analytics were secondary," Raiter tells NOW Senior Correspondent Maria Hinojosa.
In an Instant Message exchange, an S&P employee in the structured finance division writes: "It could be structured by cows and we would rate it."
Other worthwhile links too.
What role did the credit rating agencies play in the current economic crisis? This week, a former managing director at Standard & Poor's speaks out on U.S. television for the first time about how he was pressured to compromise standards in a push for profits.
Frank Raiter reveals what was really going on behind closed doors at the credit rating agencies the public relies on to evaluate the safety of their investments.
"During this period, profit was primary; analytics were secondary," Raiter tells NOW Senior Correspondent Maria Hinojosa.
In an Instant Message exchange, an S&P employee in the structured finance division writes: "It could be structured by cows and we would rate it."
Other worthwhile links too.
The GM rescue plan: Why Congress wants an itemized plan from GM
Well, you see, it goes like this...they want to spend part of the money they get from Congress to build in Brazil!
General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
By Russ Dallen
Latin American Herald Tribune staff
General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets," he said in a statement published by the business daily Gazeta Mercantil.
General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
By Russ Dallen
Latin American Herald Tribune staff
General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."
"It wouldn't be logical to withdraw the investment from where we're growing, and our goal is to protect investments in emerging markets," he said in a statement published by the business daily Gazeta Mercantil.
Friday, November 14, 2008
Into the Abyss we go......
Old "Cash'n'Carry" advises that things are looking up after Paulson changed the $700B bailout to a whole new venue.
Well, pardon me, but I personally think these liars are grasping at straws and are propping everything up as long as they can, and it'll probably go deep-six as soon as Obama comes in office.
Get ready for grim times and hard life, it's gonna get worse, MUCH MUCH worse!
Well, pardon me, but I personally think these liars are grasping at straws and are propping everything up as long as they can, and it'll probably go deep-six as soon as Obama comes in office.
Get ready for grim times and hard life, it's gonna get worse, MUCH MUCH worse!
Sunday, November 9, 2008
90-year-old living with 3 siblings' bodies
No, I am NOT kidding!
(story from the AP)
EVANSTON, Ill. - A 90-year-old woman well-liked by her neighbors apparently has been living in a house with the bodies of three siblings, one of whom may have been dead since the early 1980s, police say.
Police Cmdr. Tom Guenther says the bodies were found Friday in Evanston, a Chicago suburb, after authorities were called by a senior advocate.
(story from the AP)
EVANSTON, Ill. - A 90-year-old woman well-liked by her neighbors apparently has been living in a house with the bodies of three siblings, one of whom may have been dead since the early 1980s, police say.
Police Cmdr. Tom Guenther says the bodies were found Friday in Evanston, a Chicago suburb, after authorities were called by a senior advocate.
Subscribe to:
Posts (Atom)
