There is a widespread notion among mental health professionals that most MBAs from Ivy-league level schools are either sociopaths or narcissists. And many of those ‘sociopaths’ who are also finance majors gravitate towards careers at Wall Street financial firms. I do not go so far as asserting this belief as truth. However, I will not […]
When you search internet for “The Cult of Ayn Rand” you will find a lot of articles. But I felt like focusing only on this articles. For, like our good friend Chakravarthy who is a self proclaimed Libertarian, Murray Rochbard is also a Libertarian. In fact, Murray is considered a stalwart in the so called […]
Do you know – Alan Greenspan could be characterized as No 1. Randian and he tried to implement his interpretation of Rand’s ideology into controlling US economy? “Controlling interest rates” in itself defeats the very logic he was purporting to inject into markets, which he called “free markets.” You might recall from some of my […]
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!!
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 […]
Watch this CNBC interview with Broadband Research CEO John Kunnican. This is the guy who wrote the now infamous e-mail which said the following: “Today two fresh faced eager beavers from the FBI showed up unannounced (obviously) on my doorstep thoroughly convinced that my clients have been trading on copious inside information,” the email said. […]
Finally we are seeing some cops on the Wall Street. From AP: WASHINGTON (AP) — The Federal Bureau of Investigation has raided three hedge funds linked to a broader insider-trading probe, law enforcement officials said Monday. Bureau employees searched the New York offices of Level Global Investors LP, and the Stamford, Conn. headquarters of Diamondback […]
Via Zero Hedge: While America is entertained by a rather realistic cartoon of what happens when the Fed (semantics aside) prints money with which to buy up whatever assets it so chooses, and launders the cash for the Primary Dealers (a topic discussed ad nauseam on Zero Hedge), we present a rather more somber and […]
In this post, I want to write as little as possible. Hope the seriousness is conveyed. Pay no attention to stock market. Debt markets are smarter than equity markets. Right now, the municipal bond market is taking a “shellacking.” Imagine a large California defaulting on its debt obligations. That is where this is headed. I […]
More on this loony action by Bernanke, the crackpot No 2 (No 1 was Greenspan) later. For now , check this pic, which I stole from the Big Picture Blog:
For years I have been talking about the fraudulent practices at certain for-profit and publicly traded ‘universities.’ Finally the public is waking up to this naked truth. Last week, Apollo Group, parent company of The University of Phoenix has fessed up that enrollment were down due to the bad publicity. I would like to correct […]
Yesterday (Oct 8) on my TORi show I mentioned about the foreclosure-gate. Janet Tavakoli call it ‘the biggest fraud.’ She is one of the most trusted voices about financial markets and she dabbled in derivatives and she knows what she is talking about. Here are excerpts from an interview she gave to WaPo yesterday, which […]
This comes to you via Zero Hedge: First Griffiths dissects POMO: “One of the reasons [for the surge] is POMO: what happens is the Fed buys Treasurys off the banks, the banks put the money into the market…That amount of money turns the algorithms up, then all the algo trading hits the market. Real life […]
