Back in May 2009, I talked a lot about Matt Taibbi’s article in Rolling Stone magazine, in which he called Goldman Sachs a “Vampire Squid.” In January of this year, I had written an article on TeluGlobe about Matt’s lone crusade against the Wall Street’s mighty banks. Alas, I lost that article to a database […]
Textie is a free iPhone application that sends free text messages to email addresses, most cellphones, and other Textie users, much like the iphone app development sydney that focuses on efficient, cost-saving solutions. Textie doesn’t dip into your monthly messaging plan, so it’s basically unlimited texting. While it may be free on your end, it […]
In a meeting attended by 15,000 delegates on April 28th in Secunderabad, TRS President KCR threatened that there will be a civil war if Andhra Pradesh State is not divided. Going by the recent wave of separatist violence, KCR might not be making empty threats. Separatist thuggery will most likely resume post December, 2010. The […]
Sometimes, the news makes me cringe. I don’t know how many of you have read about Arizona’s Senate Bill 1070. This legislation was recently passed, making it legal for the police to stop people and demand a verification of immigration status. The motivation behind this bill is to find immigrants who are in this country […]
The readers of this blog know how much I love Goldman!! I watched some part of the ‘Goldman hearings’ yesterday. A lot of these senators’ populist rhetoric is utterly stupid. So stupid that even I felt some sympathy for Goldman. Here is the simplified business model of Goldman As a market maker Goldman buys and […]
Folks, beware if you are a facebook user. I used to think Google as Evil company( Rakshasi) , but facebook is more criminal ( Brahma Rakshasi) :). The issue is facebook really knows who you are. Like the old saying “Tell Me Who Your Friends Are and I Will Tell You Who You Are” , […]
If it appears from my writings that I am heavily into stock market, that would be true in the past. But, currently I am in a time out mode. For this reason, so far on this blog I refrained from making a market call. The closest comment I made on market direction was in early […]
Remember the phrase by Mr. Buffet, “Financial weapons of mass destruction?” Not only that, several times he mocked investment bankers for little or no value they create in the economy. That was before he himself got stuck in a deep derivatives mess in 2008. He sold European style puts on S&P and it was rumored […]
For some time I have been planning to write this note of appreciation for Chakravarthy garu. I wanted to spend enough time to make sure I will hit all the points. If I waited for finding enough time, this note will lose its value. Readers of this blog and listeners of my show know where […]
His name is Fabrice Toure. He is in the central figure in the Government’s fraud case against Goldman Sachs. He was only 27 when Goldman gave him the FABulous opportunity to fleece clients and there by fleece some European retirement accounts. Blogs are referring to this sociopath of a banker (who is now 31) as […]
I think Senator Dodd’s bill on Financial Reform is no-good, very-bad, ugly bill! I have been investing/trading stocks and options (derivatives) for nearly 20 years. I read a lot of stuff on economy, markets etc etc. These are my 2 cents on Financial Regulation based on whatever I come to know from my exposure and […]
Let us pause for a moment on the virtues of free markets, progressivism etc. There is more fundamental problem in this country: the rise of fundamentalist cult and racism. There are a lot of crazies trolling around on the streets of America. Some of them are racists disguised as ‘tea bagging patriots.’ For them losing […]
Today, Andhrajyothy newspaper took a direct dig at the owner of Surya newspaper alleging that he was resorting to blackmailing. Andhrajyothy alleged that Nukarapu Suryaprakash Rao, owner of Surya newspaper, demanded money from Kaleshwar baba to not publicize his illegalities. Naturally, Surya newspaper alleged that this is a conspiracy against them. When there are more […]
Ladies and gentlemen, this is what speaking truth to the power looks like. Watch William Black’s congressional testimony. While he was ripping Lehman, Fuld was sitting right next to him. This testimony is for the history books.
At the time of the founding of the United States, European countries were suffering under crippling government regulation. Founding fathers of the United States, in their infinite wisdom, subscribed to the philosophy of freedom instead of feel-good social progressivism. They founded United States on 3 simple tenets of life, liberty, and property*. Life: Government should […]
