Gretchen Morgenson of NY Times is a great business reporter. She is one of the few financial reporters who went against the market hype during the dot com does real work. In her latest NY Times piece (Testy Conflict With Goldman Helped Push A.I.G. to Edge) she exposed Goldman Sach’s sleazy maneuvers that may have […]
This person has been living in their house without making a mortgage payment for nearly a year and a half, and the bank – it’s one of the “Big Three” – HAS NOT FORECLOSED. [Big three: Bank of America, JP Morgan Chase and Citigroup]
If you haven’t noticed the recent turmoil in world financial markets, you haven’t been paying attention. Oh yes, it will affect you in one way or the other. Wonder what is happening? In July 2007 it all started with was souring debt and derivatives related to sub-prime mortgages. Essentially, corporate debt and its derivatives. Now, […]
CNBC is notorious for its cheer leading for markets when they are going up. They even go to the extent to discredit any voices of reason for urging caution against insanity in markets. They got to cheer for DOW 10,000 – twice. Well, they must be devastated to see the magic line cross again today, […]
Few people with vested interest in financial markets openly say things that are worth listening to. Mr. Mohamad El-Erian of Pimco is one of the few financial gurus with some integrity left. He is telling us to be cautious in financial markets. Why? You can read more on his thoughts at Bloomberg, “Mind the Gap.” […]
Dylan Ratigan was one of the very few sane reporters on CNBS. He was shown the door for reasons not disclosed. However, he came back to host a morning show, “Morning Meeting” on MSNBC about 10 months ago. Listeners of Mohana Murali GaanaLahari know that I strongly believe that President Obama only talks tough and […]
Those who have been following US financial markets for a long time know one thing for sure: markets are manipulated by the money interests. Many savvy investors I know and follow have suspected collusion and conspiracy between the banks and the powers that be. If you are among them, you would be right. Geithner and […]
Now that Bernanke is confirmed for another term at the helm of the Fed, some pundits will have you believe that the stocks are safe. It doesn’t matter if he shares a major portion of the blame for current deflationary environment. Anyway, as a market contrarian I look for extreme sentiments on markets. Back in […]
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary Paulson and the NY Fed Chairman, Tim Giethner. Tomorrow’s hearings on Capital Hill about AIG bailout has already shed a lot of light on the skeletons in Goldman’s closet. I […]
It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.
For several months, the market has been heavily manipulated by the Feds and the influential trading firms on Wall Streets. Now what? Looks like on Friday the market averages retreated to a technical support level (holding the 11-month uptrend line.) The markets may be due for a short-term bounce. But I do think that this may be the beginning of another steep slide in the market.
Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.
Senator Chris Dodd is stepping down. I hope it is done in disgrace. This is the man who willfully inserted loopholes in a Senate bill to help the scumbag millionnaire thieves at AIG. Watch this March 2009 admission of guilt by this scumbag.
[Photo courtesy: WSJ] The year 2009 saw relentless printing by Uncle Ben. He got more than a bit of manipulative helping hand from the Wall Street trading firms, who are the principal constituents of the Fed, the US Congress. Bingo! “Everything is hunky-dory again. The in US markets were “stabilized” in 2009. Indian stocks were […]
