The Nexus: Belgian Bank Dexia, Greece, The Federal Reserve and the Rest of the Banking Cabal
It is possible the many people have never heard of this Belgian Bank until recently. Even if you haven’t heard about it until you stumbled…
Goldman Sachs
Dan “Shitty Deal” Starks’ More “Shitty Deals” were Cited in FHFA Complaint
Remember this colorful exchange between Senator Carl Levin (D-MI) and Dan Starks of Goldman Sachs, who described in an internal e-mail that the securities Goldman…
McGraw-Hill vs. Goldman: The Redux
On April 18th, I posted this note about Goldman’s take on S&P’s outlook change on US debt. There is a saying in Telugu, “dongalu dongalu…
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…
A Must Must Watch (Funny Take on the Fed)
You must watch this – It sums up all my economic rants in less than 7 min.
Matt Taibbi: Invasion of the Home Snatchers II
Remember the phrase “giant vampire squid wrapped around the face of humanity” that described Goldman Sachs? The man who phrased this apt description of the…
Colbert Educates Us at His Own For-Profit Colleges
There is nothing better than comedy, a well delivered comedy to drive a strong point across. It applies to one of my pet topics: Focus…
China’s Big Finger to All the ‘Capitalists’
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…
The Giant Vampire Squid in 10 Minutes
Ah! Goldman Sachs games and shenanigans explained in 10 min. [media id=59 width=500 height=370]
Goldman Disects Hedge Fund Holdings
There is a valid place for the financial sector in the economy. But it should be the cart pulled by a horse called manufacturing economy….
Doing the God’s Work
Remember the infamous slip of tongue by Goldman’s CEO Lloyd Blankfine that Goldman is doing “God’s work?” This PBS report sheds some light on that…
Will Volker Rule Rule?
Finally the only economist on this planet who has really succeeded in battling dire economic conditions with a series of tough measure is having his…
American Style Fraud: With Government Blessings
Do yo want to know how fraud and corruption happens at the behest of the government, in United States? The issue is how to channel…
Carry Trade Implosion: Again
Recent slide in markets is mainly attributed to the implosion of economies in PIGS (Portugal, Ireland, Greece and Spain). While this is going on,rumor is…
Humpty Dumpty was Pushed
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…