Surprisingly, I agree with him about the prescription for the economy – let the banks fail, let the auto companies fail… However, watch him throw his fellow Rand disciple Alan Greenspan under the bus… “(Greenspan) betrayed Ayan Rand…. (he) never really understood what her ideas really were…” This is the problem with ideologically blind people. […]
An Exxon gas station near the Watergate complex in Washington, DC shows gas prices at $5 USD per gallon on April 20. Enough Said!
Anil was my senior in college. He is the founder and CEO of a technology company based in California. He recently posted the following on his facebook: “The healthcare system is completely and ridiculously broken especially for small businesses. We get a renewal price increase of 35%+ with 20% less coverage every year. What is […]
The thieves Wall Street crying foul on too much regulation. The thugs on the Hill are are crying about the wolf there never was and not even imminent. Nothing has ever been fixed. In fact, the financial problems were made much worse by Grahm-Dodd regulation. Then, WTF is “that too much regulation” those idiots are […]
I think 60 Minutes is the best news expose show. This Sunday they aired an expose on the Fraudclosure scam of the major US banks. From the 60 minute website: April 3, 2011 Sunday on “60 Minutes” The Next Housing Shock As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the […]
Update: Damaging e-mails accusing Bank of America’s fraud have been released. The market yawned. Thismay be much ado about nothing. But… This year Hacker Collective Anonymous has already brought down a purported web-security firm – HBGary. And now they declared this “war” on Banksters. Apparently the Anonymous are threatening to release some nasty information about […]
Next time a Wall Street fat cat or a fat-cat apologist says one of the following to you: “You that you don’t understand the complex world of finance….” “It is the deadbeat home-owners who are responsible for housing crisis…” “The Bankers made an honest mistake and didn’t really need a bailout….” Confront him/her with the […]
Economists have been touting free trade as beneficial to national economies around the world. Here is my attempt to show the merits of free trade through a simple hypothetical example. Take two countries- India and Russia. Let’s say India is capable of producing a lot of rice due to natural irrigation advantages, while Russia is […]
As I was walking out of Hyderabad airport, I noticed that there are two private companies offering to exchange foreign currency. The counters were manned by three people each and were competing with each other for business. It was 4.00 AM in the morning. As soon as the salesmen see a prospective customer, they all […]
Florida Attorney General (For the schizophrenic ‘socialist’ conspiracy theorists, and the bankster apologists, the FL AG is a Republigoon…) report on Fraudclosure Gate. The title says it all: UNFAIR, DECEPTIVE AND UNCONSCIONABLE ACTS IN FORECLOSURE CASES Florida Attorney General Fraudclosure Report | Unfair, Deceptive and Unconscionable Acts in Foreclosure Cases
Gotta Have em All!!
Remember? This guy was the Time Magazine’s Person of the Year 2009. Watch this classic from Jon which rips apart the credibility of this crackpot much further. The Daily Show With Jon Stewart Mon – Thurs 11p / 10c The Daily Show on Facebook
Namasthe Sorry for all the desi folks who were foolish to buy in the last few years. Reminds me of “Puli Ni Choosi Nakka Vaata Pettukundata” Advantages of Home Buying Folks, continuing on this thread 🙂 I could’nt hold back http://www.zerohedge.com/article/cartoon-how-american-dream-purchased-credit-became-american-nightmare
Europen Union announced the 85 billion Euro ‘rescue package for Ireland.’ Like in the case of AIG bailout – which only helped the likes of Goldman to recover 100 cents on the dollar, the real intent of this Ireland package is to give the banks 100 cents on the dollar on all the sovereign loans […]
Well, well, well – who would have thunk that the communist China is dispensing more truth about the precarious and fragile nature of the US financial situation? This is not a joke – (via Zero hedge) Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America […]
