Wall Street

TG Roundup, USA September 29, 2011

And so it Began: The Revolt on Financiers

In the next election I think a majority of the incumbent politicians will be thrown out by the electorate. Until then, people have to settle scores with the elite that caused economic ruin in this country – the Wall Street 9of course, only a symbol). the revolt started, albeit at a miniscule level. Last weekend, a group of peaceful protestors staged “Occupy Wall Street” rally in lower Manhattan. They got more than what they bargained for – a police force which brutalized the peaceful protestors. I’ll let this quote and the videos to explain the rest of the story.

No Picture

Business, Markets, TG Roundup March 5, 2010

QUANTum Screw

I am neither a mathematician, nor a programmer. However, my engineering education and experience has given me a fairly decent exposure to both. For whatever…

No Picture

Business, Economy, USA January 25, 2010

Can’t Pay, Take the Keys

This event by itself may not unsettle the credit markets like the news of Lehman Brothers bankruptcy filing did. But it epitomizes the symptoms of this country’s corrupt financial system where excessive credit and leverage has pretty much sucked every last penny out of the system – especially from the hardworking middle class.

No Picture

Business, Economy, Markets January 25, 2010

Give What We Want or Else…

It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.

No Picture

Markets, USA, Worldwide January 21, 2010

New Found Spine or Mass Wake Up Call?

Banks, bonuses and bailouts – busted? Is this a new found spine for the President? Or, is it a reaction to the wake-up call he got from Massachusetts? Whatever it is, I don’t see the bank executives shivering in their boots.

No Picture

Business, Economy, Opinion, USA, Worldwide January 3, 2010

Person of the Year, huh?

Time wants us to believe that Bernanke saved us from melt-down, but I think time will tell us a completely different story: Bernanke’s cure is worse than the disease that was ignored even caused/spread by Greenspan’s Fed.