Remember the phrase by Mr. Buffet, “Financial weapons of mass destruction?” Not only that, several times he mocked investment bankers for little or no value they create in the economy. That was before he himself got stuck in a deep derivatives mess in 2008. He sold European style puts on S&P and it was rumored […]
For some time I have been planning to write this note of appreciation for Chakravarthy garu. I wanted to spend enough time to make sure I will hit all the points. If I waited for finding enough time, this note will lose its value. Readers of this blog and listeners of my show know where […]
I am a big fan of The Daily Show with Jon Stewart. Of course, that’s why one of TeluGlobe’s categories is “Fake News.” I think Fake News is the best way to have a satirical take on some the most ridiculous current events. Fake News shows have effectively shed light on the hypocrisy of many […]
His name is Fabrice Toure. He is in the central figure in the Government’s fraud case against Goldman Sachs. He was only 27 when Goldman gave him the FABulous opportunity to fleece clients and there by fleece some European retirement accounts. Blogs are referring to this sociopath of a banker (who is now 31) as […]
I think Senator Dodd’s bill on Financial Reform is no-good, very-bad, ugly bill! I have been investing/trading stocks and options (derivatives) for nearly 20 years. I read a lot of stuff on economy, markets etc etc. These are my 2 cents on Financial Regulation based on whatever I come to know from my exposure and […]
Here is a myth: During our debate last week, in a reference to the following depiction of political ideology (by Jesse) Chakravarthy said, “Hitler is a leftist. Socialist is in his party’s name.” My immediate reaction to Chakravarthy’s comment was to laugh out loud. I won’t let these kinds of myths and assertions to pass […]
Let us pause for a moment on the virtues of free markets, progressivism etc. There is more fundamental problem in this country: the rise of fundamentalist cult and racism. There are a lot of crazies trolling around on the streets of America. Some of them are racists disguised as ‘tea bagging patriots.’ For them losing […]
Ladies and gentlemen, this is what speaking truth to the power looks like. Watch William Black’s congressional testimony. While he was ripping Lehman, Fuld was sitting right next to him. This testimony is for the history books.
Adam Smith and Karl Marx are two thinkers that shaped the post-monarchical political framework for the societies. More on these origins later… [Edited inset: I have long argued that communism fell because it tried to restrain one of the basic instincts of human beings – that is, “to be selfish.” During the go-go bubble years […]
Watch this news and tell me if you have any faith in the traditional news channels. By faith, I mean, if you trust them to provide any breaking investigative news that is useful for people. Hey Brian – I love your sense of humor. I know you don’t like blog culture. Why would you? I […]
A complicated story is better understood with a rightly constructed analogy. Goldman’s selling CDOs and shorting them at the same time might be too complicated for some. If you are one of them, just follow these two great analogies. Mystery solved! First Dylan Ratigan’s car manufacturer analogy: Visit msnbc.com for breaking news, world news, and […]
President Clinton chimed in about his administration’s failure to regulate derivatives and restrain Wall Street’s reckless behavior. In that video bit, he essentially said, “It is not my fault. Even if I tried to do something, Republicans would have blocked anyway. Furthermore, Bush made it worse.” The last two lines are essentially true. But, my […]
This video is from July 2009. The guy doesn’t mince any words. Goldman and more. Just listen to him. I agree with him all the way. I won’t use the language he uses. Still… ఇతగాడి తిట్లు నాకెందుకో శ్రవణానoదకరముగా నున్నవి.
I was excited to hear this news this morning. However, I am not fully convinced that even a tiny fraction of their fraud is brought to light. This is a bit late, but a decent start. However, I don’t think this doesn’t make any dent in GS. Furthermore, Obama admin may be playing politics here. […]
There is a lot to discuss on this subject. For lack of time, I was not able to participate in the discussion started by Sandeep. Here is an excellent depiction of the complicated political and economic continuum, which some see in black-and white. What do I mean by “black and white?” “Government is not the […]
