Matt Taibbi: Fraud Street has no Incentive to Stop their Criminal Acts
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Why Read Fiction, when Truth is Even More Fascinating!
This insider trading case is just a tip of the iceberg. It is a tell-tale story of an illegal web of well connected Ivy League business school graduates with no ethics or morals rigging the system to their advantage. In social circles, we see these sociopaths claiming to be crème de la crème, when in fact many of them are perfume coated turds.
Matt Taibbi: People vs. Goldman Sachs
A must read article in Rolling Stones: To recap: Goldman, to get $1.2 billion in crap off its books, dumps a huge lot of deadly mortgages on its clients, lies about where that crap came from and claims it believes in the product even as it’s betting $2 billion against it. When its victims try […]
Watch the Cult Leader
Mohan garu calls Yaron Brook the leader of a cult. Watch him debate on the role of government. You may disagree with Yaron, but can’t deny the rational aspect of the argument. Between Mohan garu and I, one of us don’t have a sense of proportionality- you decide which one it is. Here goes the […]
Cult Leader: Alan Greenspan “Betrayed” Ayn Rand
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. […]
The Free Markets Have Spoken: Atlas Shrugged was, Well, Shrugged!
Ever since my lively debate on “Free Markets” with my good friend Chakravarthy about a year ago on my show, Chakravarthy and I have been exchanging good-natured jabs at each other on our political and economic beliefs. While Chakravarthy and I are staunch supporters of Telugu unity and students of Telugu history and culture, we […]
$5/Gallon
An Exxon gas station near the Watergate complex in Washington, DC shows gas prices at $5 USD per gallon on April 20. Enough Said!
How Student Loans are Ruining American Dream
Here is a summary of scathing report published in Barron’s on for-profit colleges. (Via Wall Street Cheat Sheet) On Sunday April 24, 2011, 10:31 pm EDT The barren, post-apocalyptic wasteland that was once the American economy (NYSE:SPY) has proved to bear little fruit for recent college graduates. It seems that the avaricious, aggressively credit-dispensing financial […]
Anil’s Gripe about Healthcare Costs
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 S&P Downgrade “Shocker” and Goldman Response: Where is the Honor Among Thieves?
There is a saying in Telugu, “dongalu dongalu oollu panchukunntlu” (Just like thieves divided the villages among themselves to rob). True to this age old maxim, Wall Street banks and the ratings agencies robbed us of our retirement nest eggs, drove most of us jobless, and kicked us out of our homes in a collaborative […]
Simon Johnson – An MIT Prof, but Simple English, Simple Math (Must Watch)
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 […]
CBS 60 Minutes on Fraudclosure Gate: April 3, 2011
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 […]
Phoenix Capital Research: Why Should you be Freaked Out About Stock Market?
[Phoenix Capital Research, Via Zero Hedge.] This is a chart of the US monetary base. In simple terms, it charts how much money the Fed has pumped into the system (at least that it admits). So it’s a kind of visual of the Fed hitting the PANIC button: when the monetary base explodes higher, the […]
Hacker Anonymous to Release Damaging Info on Bank of America
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 […]
Cuts to Worker Pensions and Bonuses to Wall Street
About three weeks ago as the protests started in Wisconsin, I said “cuts to worker pensions and bonuses to Wall Street.” Well, Fix News manages to defend the pigs on Wall Street and while at the same time demonize the teachers. Here is the Fix news nut-bag sociopath mantra. Contractual obligations to pay bonuses to […]