Archive for June, 2010

Gold connection in Russian spy case

Wednesday, June 30th, 2010

Full story here. Brzezinski must be wetting his pants for joy in getting this retro cold war meme out there again.

“…Thus, for example, during the summer and fall of 2009, Cynthia Murphy, the defendant, using contacts she had met in New York, conveyed a number of reports to Center about prospects for the global gold market. (more…)

Who will pay: Wall St or Main St?

Wednesday, June 30th, 2010

Full story here from Ellen Brown via CounterPunch.

The financial reform bill agreed to on June 25 may have carved out some protections for consumers, but for Goldman Sachs and the derivatives lobby, the bill was a clear win, leaving the Wall Street gambling business intact.  In a June 25 Newsweek article titled “Financial Reform Makes Biggest Banks Stronger,” Michael Hirsh wrote that the bill “effectively anoints the existing banking elite. The bill makes it likely that they will be the future giants of banking as well.” (more…)

The banksters laundered Mexican drug cartel money

Wednesday, June 30th, 2010

Full story here from the Economic Populist.

All of that death and mayhem on our Southern Boarder and in the U.S. over the illegal drug trade of course brings in the Banksters to launder the money.

A new report, outlined by Bloomberg, implicates three Banksters laundering money for the Mexican drug cartels. They are Wells Fargo, HBSC and Bank of America. Seems when a DC-9, carrying 5.7 tons of cocaine was busted in Mexico, the police found just a little bit of other stuff. (more…)

Dead files for 29 Jun – 5 Jul 2010

Tuesday, June 29th, 2010

 

29 Jun:

GE CEO collapses during a Biden speech…

http://www.huffingtonpost.com/2010/06/28/ge-ceo-jim-campbell-colla_n_628455.html

Market spanking roundup

Tuesday, June 29th, 2010

High frequency ‘fat finger’ on Citi:

http://www.zerohedge.com/article/hft-fat-digital-finger-breaks-citi-stock-shares-halted-circuitbreaker-triggered-stock-plungi

S&P busting 900 next?

http://www.zerohedge.com/article/timber-right-shoulder-dislocated-865-next

http://www.zerohedge.com/article/cold-shoulder-goldman-warns-if-1040-taken-out-sp-865-next-stop

http://www.zerohedge.com/article/bond-yields-imply-fair-value-sp-750

http://www.businessinsider.com/closing-bell-june-29-2010-6

Don’t forget Euro-spanking!

http://www.zerohedge.com/article/imf-preparing-bailout-cataclysm-part-2

http://www.ft.com/cms/s/0/a3874e80-82e8-11df-8b15-00144feabdc0.html?ftcamp=rss

http://www.huffingtonpost.com/2010/06/29/europes-massive-austerity_n_629062.html

And ‘finance reform’ (ugh):

http://www.huffingtonpost.com/2010/06/29/wall-street-reform-confer_n_629257.html

http://www.huffingtonpost.com/2010/06/28/scott-brown-may-oppose-wa_n_627986.html

Stock market hostage crisis (again)

Tuesday, June 29th, 2010

Full story here from Business Insider. Once again, threats to blow up the market unless bankers get another 100 truckloads of cash. Of course, the Patty Hearst president will be pointing an AK-47 at thee and me. Long live the Bankster Revolution!

In the process of slamming Scott Brown, Rep. Paul Kanjorski (D-PA) just issued that stark warning on CNBC, saying today triple digit loss in the Dow will be nothing if we don’t pass The Dodd Frank Act.

He also announced that in all likelihood, due to Scott Brown’s objection to the $19 billion fee, the House and Senate will likely re-open the conference committee, and find some way to pay for the bill without assessing something that looks like a tax.

Read more: http://www.businessinsider.com/rep-kanjorski-dow-will-fall-to-2000-if-we-fail-to-pass-this-financial-reform-bill-2010-6#ixzz0sGu3maoR

Say What?

Tuesday, June 29th, 2010

Full story here from Clusterfuck Nation (no, I’m not kidding). Bad words and finance just go together. Bonus word for the day: Anosognosia: Social anosognosia is when a group of people, perhaps even society at large, devolve into a state of destructive cluelessness.

 I think America missed something. It must be the time of year, what with inhaling all those fumes from the charcoal starter… and fueling up the Jet-skis so as to turn a perfectly good mountain lake into something like a Cuisinart on the guacamole setting… and the rousing evenings in the Nascar parking lots hitting palmetto bugs with your wiffle bat… (more…)

US may ‘politely’ default on its debts

Tuesday, June 29th, 2010

Full story here from ZeroHedge.

Legendary investor Jeff Gundlach, who recently handed the most polite version of F#*$ you possible to former litiginous employers TCW, by reporting last week that DoubleLine had now raised $1 billion within the first quarter of its debut, is out with an even bigger call on the economy: “some type of polite default, at a minimum, will happen.” And yes, he is talking about the United States. (more…)

Fed economist: bloggers are stupid

Monday, June 28th, 2010

Full story here from ZeroHedge (tho a lot of other sites picked this one up too). See? You shouldn’t listen to me at all! Or anyone else except smug twat PhDs!! Of course if you asked this sniveling little turd anything about actual trading, exchange, true dynamics of money or phsyical economy, he’d probably soil himself. Go long on Depends. Cue Pet Shop Boys.

A Richmond Va. Federal Reserve Economist, Kartik Athreya wrote a paper recently that trashes economic bloggers. Mr. Artheya has a PhD from the University of Iowa. I’m not so sure a few years in corn land gives him the right to take cheap shots at the new media. (more…)

“Financial reform” a victory for Wall St.

Monday, June 28th, 2010

Yeah, I’m late commenting on this but I was out enjoying the sun this weekend. Tasty missive here.

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