If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Guardian is reporting that Goldman Sachs staff can expect the largest bonuses in the firm’s 140 year history as the investment bank has leveraged (pun intended) dwindling competition and the brokering of US debt issuances to massive first quarter [...]
When it comes to economic downturns, we tend to be cut on the amount and necessity of government intervention. We like to think that our markets are strong enough to withstand most recessions with a good amount of vigor. The numbers are down for awhile, maybe even a year or two, and then we march [...]
HuffPo has an interesting piece that quotes a famous New York madam as accepting corporate credit cards to pay for the proclivities of johns from the banking industry. No doubt some of these are our nation’s finest from Bear Stearns, JP Morgan, Citi, Lehman, and the other Wall Street banks currently holding billions of dollars [...]
Deal Book - Nassim Taleb: ‘I Was Happy Lehman Went Bust’
The Big Picture - Greed + Incompetence + A Belief in Market Efficiency = Disaster
Housing Doom - Where are taxpayer billions [Make that trillions] going?
Mish’s - Geithner Discusses Nationalization In $2 Trillion Bailout Proposal
Don’t underestimate the man on the street. He’s smarter than you think, for one, and for two, he has a lot of time to mull things over now that he’s unemployed.
A People’s Hero has arisen in the American South. Watch his YouTube video and sympathize with the angst of the common man (warning: vulgar [...]
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