Dylan Ratigan gave a 6 1/2 min summary of how banks pocketed $121 bil of your money in bonuses from 2000-2006. He compared the banks to mob and Alan Greenspan to the God Father. Then he talked to Congressman Alan Grayson of Florida and Bill Fleckenstein about this crisis. I agree with both Grayson and […]
“The best way to rob a country is to own a bank.” A big bank. William Black explains the thievery of Wall Street in simple and easy to understand terms. Biggest take-away from this interview. Current financial melt-down is 30 times worse than the S&L crisis of 80s. Yet, the number of regulators working on […]
“When it comes to its role in the financial crisis, Goldman Sachs has a message for the world: Not guilty. Not one bit.” Here is how they “made” $13 billion in 2009. The following is via Business Week: Goldman’s reputation with its clients—who must have at least $10 million to open an account—has never been […]
Question: How do you solve alcohol addiction? Answer: Give the addict heroine! Don’t laugh – this is the solution of the US Federal Reserve Board for more than two decades. Bill Fleckenstein is a savvy investor, fund manager and an analyst. A decade ago, I had the pleasure of interacting with him on Silicon Investor […]
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Tax evader and Treasury Secretary Geithner is singing “I understand your pain” mantra. దెయ్యాలు వేద మంత్రాలు వల్లించడం అంటే ఇదే. Take a look. Visit msnbc.com for breaking news, world news, and news about the economy MIT’s Simon Johnson – break those big banks:
Now, try to take this image out your mind. This is how I see these banks in their current form. My question is, do leeches produce any blood? What value does a bloated financial sector has in the economy? I would say, it is a negative value. Volker agrees with my take. (via NY Times): […]
What I am reading on the blogs is not at all encouraging to the bulls. Currently, stock market in United States and many European exchanges is completely deserted by many true ‘investors’ and even by many traders. This is a market held up by a) lack of significant selling, b) interventions by governments and major […]
మీరు చూసి నేర్చుకుంటారా, చేసి నేర్చుకుంటారా, లేక చేసినా, చూసినా నేర్చుకోరా? Whether you are a trader or not, investor or not – this is a presentation to keep for the rest of your life. The author is Sanjay Bakshi who appears to be a trader in Indian financial markets. Subject? Business, Life, Stocks and More This is […]
Stock markets, if they are as free as advertised, NEVER GO UP in a straight line like this (Chart courtesy Jesse’s blog) There is indisputable evidence that the US treasury, the Federal Reserve bank and the select few banks on the Street are engineering this market surge on low volume. Now, the Government plans to […]
Jon has another winner. In this 10 min video, he explains all the complexities of Wall Street with an easy to understand example. The Lehman repo transactions, “if we don’t pay bonus, we will lose our talent,” why corporations have better rights than humans in this country, accounting scams that pass for ‘ginius’ labels on […]
Hi all, This is my first post in Teluglobe. Though it might sound cliched, I feel privileged to be able to post in Teluglobe. Teluglobe is a great platform not only for all Gulutes, but also for people in general, to know about so many things from financial markets to history of Telugu culture and […]
For the last few days I have been waiting for this 60 minutes piece to be aired on Sunday. When it actually aired, I missed it. I finally caught up with the video. Michael Lewis and Steve Croft pretty much exposed the obscene entitlement culture of the sociopaths on Wall Street. How deserving are these […]
Tim Geithner, the guy who is in charge of IRS, once defaulted on paying taxes once. That is reason enough not to have him as the Treasury Secretary. But there is growing evidence that Geithner is complicit in a scheme that favored Goldman Sachs and the ilk at the expense of US tax payers. If […]
This is from ZeroHedge: ..It is, in our opinion, now beyond a reasonable doubt that Lehman’s CFO should all stand in a court of law for securities fraud violations, despite Erin Callan’s and Dick Fuld’s protestations that all they did was in Lehman’s best interest. We do not doubt that; however we are currently poring […]
This one comes to you via courtesy of Zero-Hedge: The Scamming Of Investors Continues, Courtesy Of The Rumormill Formerly Known As The Equity Market 1) Somebody (wink wink) spreads a rumor that shorting government-owned companies will be banned. Citi is one of these companies. 2) Rumor spreads, causing AIG, C, FNM and FRE to skyrocket. […]
