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 […]
Next time a Wall Street fat cat or a fat-cat apologist says one of the following to you: “You that you don’t understand the complex world of finance….” “It is the deadbeat home-owners who are responsible for housing crisis…” “The Bankers made an honest mistake and didn’t really need a bailout….” Confront him/her with the […]
Economists have been touting free trade as beneficial to national economies around the world. Here is my attempt to show the merits of free trade through a simple hypothetical example. Take two countries- India and Russia. Let’s say India is capable of producing a lot of rice due to natural irrigation advantages, while Russia is […]
Lawrence Summers got to rape this country’s economy twice. First during Clinton years with his bailouts and then to working tirelessly to repeal the checks and balances that worked for decades. Now during Obama years, he worked hand-in-glove with Bernanke and Geithner to prevent any chances of quick and real recovery. He sees jobs “around […]
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 […]
As I was walking out of Hyderabad airport, I noticed that there are two private companies offering to exchange foreign currency. The counters were manned by three people each and were competing with each other for business. It was 4.00 AM in the morning. As soon as the salesmen see a prospective customer, they all […]
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!!
Remember? This guy was the Time Magazine’s Person of the Year 2009. Watch this classic from Jon which rips apart the credibility of this crackpot much further. The Daily Show With Jon Stewart Mon – Thurs 11p / 10c The Daily Show on Facebook
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
Teloglobe readers, Here is a fun way to get a free laptop, I am not sure google lets you keep it for good, but you can have it as part of the testing program ( don’t know how long). But its cool to have a laptop shipped directly from google !!!!!! Google’s new laptop and […]
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 […]
The following is from the US Attorney Preet Bharata’s complaint against Don Chu, who was arrested this week on insider trading charges. The Tech Company Inside Information On July 20 and 21, 2009, during the time when Lee was cooperating with the Government’s investigation, CHU facilitated a consultation between Lee and an individual (“CC-1”) who […]
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. […]
