President Obama will speak today and present yet another argument for more regulation in the markets: President Barack Obama will say today that the U.S. risks dooming itself to a repeat of the economic crisis unless tougher financial industry regulations are enacted by Congress. The U.S. was almost dragged into a second Great Depression by [...]
Entries from April 22nd, 2010
Bartering Chickens For Healthcare And More Links
April 21st, 2010 · 1 Comment · links
- USA! USA! USA! – Another Ponzi, get it while it’s hot. Florida is an ill-regulated retirement home with little in the way of taxation, it’s no surprise we’re a hotbed of Ponzi action. That and I think the sun has baked the skepticism out of a lot of our brains – myself exempt, of [...]
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Bailout Actually Worked?
April 21st, 2010 · 1 Comment · Uncategorized
This is frightening new territory, indeed: Chrysler may actually survive, thanks to the bailout and its takeover by Fiat. This must be some kind of automotive bizarro-world, where Chrysler is facing solvency, GM has repaid its debts to the US and Canada, Ford is the top US automaker, Toyotas are actively trying to murder their [...]
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Latest Victim Of The Recession: The Bond Franchise
April 21st, 2010 · 9 Comments · fail
MGM, which is buried in $3.7 billion in debt, suffering from a management structure which is more often shaken, not stirred, and saddled with a back catalog of what the LA Times called “tacky B-grade movies” for which it can’t find a buyer to save its life, is putting the James Bond franchise on hold: [...]
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Pay No Attention To The SEC Failure Behind The Curtain
April 20th, 2010 · 5 Comments · breaking news
Once upon a time, there was a Securities and Exchange Commission, and it – at least per its mission statement – tried valiantly to protect investors from the bad guys who would take their cash and disappear. And every once in a while it would absolutely drop the ball. A lot of individual investors would [...]
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