Goldman Buys the Law on the Cheap
Yes, that should be the proper headline for the settlement of Goldman Sachs, the Emperor of Fraudsters, with SEC. Via AP News: WASHINGTON (AP) —…
Business
Dylan Ratigan Shows Some Guts
Guts, or kahunas as some would call it, look like this: In this video, Dylan raises temperature on the congressman who does nothing but divert…
Financial “Engineers,” Rethink Your Relevance to the Society
So, you are a financial “professional” on Wall Street. You think the world owes you bazillion dollars because you are: a) very smart, and b)…
Is “Plunge Protection Team” a Myth?
When Congressman Alan Grayson asked this question, Bernanke said in a written statement, “No!” But a lot of market participants believe that the government does…
Brooksley Born Grills Fraud St Chief Criminal Lloyd Blankfein
She is baaaaaack! You may recall one of my earlier posts in which I featured a Frontline documentary on Brooksley Born. Well, this visionary and…
Howard Davidowitz: “Economy is a “Gigantic Ponzi Scheme, Lies and Fraud”
This guy doesn’t mince any words. With exception of a reference to ‘teleprompter’ (what does got to do with anything he said?), and a vicious…
Fleck: Financial Earnings are Pure Nonsense
William Fleckenstein is a great resource of sanity in the midst of bubble. He is my erstwhile blogging buddy on Silicon Investor before he catapulted…
GLD a conduit for physical demand into paper
Folks Here is an excellent summary on GLD. Please be careful and read the fund’s prospectus, if you are invetsed in it. The emperor is…
Pralaya Thaandavam on Fraud Street
IN the past few days, I have been occupied on several fronts, which is why lately I am not able to post much on TG….
What is a Dollar?
Hello Friends This is my first posting. If you are really want to know what a “Dollar” is please see this presentation. Collapse of the…
Another Crazy Action in Market Today
This kind of totally goofy market action is happening too often and too much. From Zero hedge: The kneejerk reaction to the completely unsurprising FOMC…
This is SOME Economic Recovery!
Enough Said. (Hat tip to the Big Picture Blog)
I Helps to have the Govt on Your Side
Goldman, Toyota and now BP all have problems with consumers. But only one company stock bucked the sentiment. Your government’s handouts help even if your…
iPhone 4
Apple announced the iPhone 4 today. Many of you might have seen the pictures that were leaked to the gadget site gizmodo.com. The leaked pictures…
What Motivates Us? [Must Watch]
I teach Engineering Economics, which is essentially an introductory subject on infrastructure finance. One of the questions I routinely asked in this class was, “if…