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 […]
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 […]
The essence of Capitalism is that you take risk and ‘invest’ via ownership or debt in a venture. If the venture goes bust, then: If you are a shareholder, you could lose all you invested; If you are a bondholder, you get some back (say your fair share of whatever is remaining, after liquidation); and […]
Gretchen Morgenson of NY Times is a great business reporter. She is one of the few financial reporters who went against the market hype during the dot com does real work. In her latest NY Times piece (Testy Conflict With Goldman Helped Push A.I.G. to Edge) she exposed Goldman Sach’s sleazy maneuvers that may have […]
Those who have been following US financial markets for a long time know one thing for sure: markets are manipulated by the money interests. Many savvy investors I know and follow have suspected collusion and conspiracy between the banks and the powers that be. If you are among them, you would be right. Geithner and […]
Two years of business school education, and decades of experience in dealing with worthless securities is not enough to understand the complexities behind AIG bailout. Bernanke, one of the architects of the bailout, once expressed “outrage” over AIG executives getting bonuses. Today and this week both Bernanke and AIG will be in the news a […]
This news is at least 10 days old. But it is important enough to share with you. [This story is a bit of an extension on the post that was lost earlier: “Is Geithner Goner?”] This guy’s name is Stephen Friedman. While he was the Chairman of NY Fed, he oversaw the bailout of Goldman […]
