Stacy Summary: Are there even any private investors left in this AIG black hole? Oh yeah, probably our pension funds. And then there is the other nationalized black hole of Bradford & Bingley, the original 125% mortgage terrorist.
- Nationwide to begin offering 125% mortgage (h/t gonzomarx)
Stacy – this is about as sad as the death scene in the Champ. The central bankers are the little boy crying,”Wake up champ.” The rest of us are like the coaches in the background crying at the boy’s futile attempts to wake the dead man.
Updates (h/t @Phil):
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http://thedailyswarm.com/headlines/pirate-party-op-ed-ifti-copyright-laws-threaten-our-online-freedom/
Vanity fair ‘s got your back, Max…
AIG they probably didn’t recon that the generation they duped may live 38% longer in good health..
http://news.bbc.co.uk/2/hi/health/8139816.stm.
Those G8 pictures are embarrasing. They will sell out everything, hail a lethal climate target as progress. I want them to give up lying and dish out the truth!
Where are the brits like Isambard Kingdom Brunel, nononsense brilliant assholes that got things done. There are no balls to be found anywhere in the city.
It’s time to sandblast those bankrobbers out of their pinstripes (and hope for them they wheren’t painted on).
to whom ever posted the link ..’ death of the champ’ ,.thankyou ! that’s a truly devastating piece of cinema [ i have n' t seen it before] surely it doesn’t get much better than this ? deeply moving..
Michael Hudson spells out the death knell of the dollar here, for those just tuning in to the problems related to the US deficits.
http://www.globalresearch.ca/index.php?context=va&aid=13969
These days, nobody is laughing at our friends Max and Stacy. I for one can’t get enough of Max’s in-your-face reporting style. The Stacy blog, and especially the new format, makes this show entirely more accessible, but for those of us who have been tuning in for years, I rather prefer listening to the blonde, even where accompanied by a silly still shot.
Really cool piece..
http://www.youtube.com/watch?v=5WT1Vwlfyms
From the Whitehouse :
Today, we are holding an H1N1 Influenza Preparedness Summit in conjunction with the White House to discuss our Nation’s preparedness. We are working together to monitor the spread of 2009-H1N1 and to prepare to initiate a voluntary fall vaccination program against the 2009-H1N1 flu virus, assuming we have a safe vaccine and do not see changes in the virus that would render the vaccine ineffective.
http://www.flu.gov/
“assuming we have a safe vaccine ”
Sharon feeling better now ?
Sorry for spamming, will stop. This may be why a former CIA director (Tennet) was hosting a media conference.. http://www.huffingtonpost.com/2009/07/08/murdoch-pays-gag-money-to_n_228285.html
Max gets a Hat Tip from ZeroHedge
Former US Assistant Secretary Of The Treasury: “Geithner Works For Goldman”
http://zerohedge.blogspot.com/2009/07/former-us-assistant-secretary-of.html
Come on Champ I don’t want my life to irreversibly change, im to poor, 125% mortgages cool. Why not 200% if it gets things going. It really wont do any harm to try now will it?
I trust them, don’t you?
——————————————
http://www.bloomberg.com/apps/news?pid=20601039&sid=aFeyqdzYcizc
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The markets are not rigged they wouldn’t be so stupid would they? They must know that no one will play if the game is fixed. The others are just jealous because there clever and better at it? This takes me back to a past life, spooky.
——————————————————–
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibly-Shrinking-Liquidity-as-Goldman-Flushed-Quant-Trading
Warren Buffet describes the first stimulus like taking half a pill of Viagra with a candy mix. What ever turns you on, its a free country, isn’t it !! What ever the CHAMP needs.
Get the strong stuff out something harder is required for the second hit. Come on CHAMP give him the lot!!! I’m with the establishment, the more stimulus the better.
http://abcnews.go.com/Business/story?id=8039651&page=1
@Phil………..“assuming we have a safe vaccine ”……………..Sharon feeling better now ?
You’re having a laugh aren’t you Phil? Don’t tell me you’d believe them if they said it was safe. No? Neither would I, so no, I don’t feel better, sorry. Having said that, their use of the word ‘voluntary’ is reassuring, if they mean it.
You all know this I guess?
The Baltic Dry Index .BADI which measures changes in the cost of shipping key commodities fell 4.7 percent overnight.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSHKG9952220090708
sharon … “just a little laugh”
Well, it’s nothing to laugh about of course.
I have trouble trusting “new” drugs as a matter of principle .. because these days, the “money” and “smear money” factor plays a big role IMO.
Not to mention Gene manipulation on top.
Did you know that in Norway they are gene-manipulating Cod (fish) to get them to grow to the size of sharks ?
The scientists there said they can’t trust “nature” to provide enough fish for the world population.
Crazy IMO ! One day, we’ll look back and discover we’ve done something we can’t reverse ( gene-manipulation).
Max makes Infowars. (again!) “He works for Goldman Sachs”
http://www.infowars.com/keiser-roberts-geithner-works-for-goldman/
Abraham Lincoln, American slavery, and the US Financial cartel
http://www.investorvillage.com/iv2/smbd.asp?mb=476&mn=150896&pt=msg&mid=7561114
Good read … Well said !
Negative equity loans??? That is what Wells Fargo is offering me to keep this old house, but the problem is that after refinancing and tacking on the past due amount with a new and higher interest rate to boot; I will be paying more than the original monthly
mortgage payment back when I had a descent salary.
Now I am unemployed and got denied the $450 a month food stamp assistance because my wife’s part time job pays us $93 month too much. So we do not qualify for assistance. Soo for $93 dollars a month we loose $450 dollars a month. Yeah, that makes sense.
Bloomberg : Goldman Sachs Loses Grip on Its Doomsday Machine: Jonathan Weil
July 9 (Bloomberg) — Never let it be said that the Justice Department can’t move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.
Another plus is if the bank tells the feds the security of the U.S. financial markets is at stake. This brings us to the strange tale of Goldman Sachs Group Inc. and Sergey Aleynikov.
..
..
http://www.bloomberg.com/apps/news?pid=20601039&sid=aFeyqdzYcizc
Citadel Joins The Program Trading Industrial Espionage Fray, Sues Malyshev And Teza
http://zerohedge.blogspot.com/2009/07/citadel-joins-program-trading.html
Getting interesting !
Incredibly Shrinking Liquidity” as Goldman Flushed Quant Trading
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibly-Shrinking-Liquidity-as-Goldman-Flushed-Quant-Trading
You need to add this headline to your next batch:
Finance sector sheds 10,000 jobs: union
http://www.abc.net.au/news/stories/2009/07/10/2621923.htm?section=australia
The Finance Sector Union says up to 10,000 jobs have been lost in the sector since the beginning of the global economic downturn.
The ANZ Bank’s plan to consolidate some of its state-based centres, costing about 250 positions across the country, is the latest in a series of recent job cuts within the finance industry.
Perth has been the hardest hit by ANZ’s latest restructure with 40 jobs lost.
In March this year, Bankwest made 400 workers redundant – 250 in Western Australia and 150 on the east coast.
The Finance Sector Union’s Leon Carter says the Government should not tolerate any more job losses.
“It’s an incredibly concerning trend,” he said.
[...]
@Sharon and Phil
http://www.youtube.com/watch?v=SlDjDAFW1Ck&eurl=http%3A%2F%2Fsolari.com%2Fblog%2F&feature=player_embedded
Well im terrified the fear of piglet flue, the horror of it, I think I caught it form the swimming baths but im ok now. Someone was saying these vaccines contain mercury I think it was the shock jock
But I just found this, are these the vaccines they use….?
Hell I had lead shot in my wild duck stock I made up today. It hurt me to throw it but I could not eat it after bighting into the lead. Not very French I know lol !
http://www.vaccinesafety.edu/thi-table.htm
Fed warns on Congressional scrutiny http://tinyurl.com/mwpgq8
Why does the money trust want a delinking of gold and the dollar, and celebrate inflation in all its diabolical forms?
Very simple.
If the dollar were still linked to gold at $35 an ounce, as it was from the 1930′s to 1971, you could just stick money into a mattress, and the buying power 20 years later would be identical. That is antipodal to the desire to create incentive to investment in the stock market.
Inflation requires that EVERYBODY take risk just to stay even. The entire population needs to become risk-takers just to preserve buying power. This is especially evil when one considers that the money in question has already been taxed, both hidden and overtly, to an effective 60 to 70% level, leaving only about 30% after paying all the hidden and stated taxes. Then, that 30% needs to be risked in sketchy and questionable enterprises like the stock market, if one isn’t to lose all one’s buying power over time. That opens the door for the professional thieves to steal the remaining 30%, be it from naked shorting, or commissions, or an outright rigged game. Nobody would play that game, AS THEY DIDN’T from 1930 to 1971. Once the population had to risk in order to just stay even, the markets took off.
It really is pretty straightforward. We’ve been getting screwed for a long time. This is just the most obvious and overtly usurious example.
http://www.businessinsider.com/dont-pass-ron-pauls-audit-the-fed-bill-2009-7
Kohn tries a con…
Denninger, CNBC and ZeroHedge …
ZH: Denninger Goes On Air, One Minute Twenty Seconds Of Airtime Ensues
.. ” Karl – do what I did, and invite Dennis or whoever else to Market Ticker. I am still waiting for a response to my personal invitation. Maybe then you will have the opportunity to discuss the issues that truly concern you, and not have CNBC redirect to totally irrelevant concepts such as blogger anonymity, which the host subsequently spends another segment tryingto pin the issue on. ” …
http://zerohedge.blogspot.com/2009/07/denninger-goes-on-air-one-minute-twenty.html
MarketTicker : Dennis Kneale Ticker Embed – See http://market-ticker.org
http://www.youtube.com/watch?v=GKJerbbbuT8
Nice !
ICN Informed Citizen News broadcast Sunday July 5th, 2009. The news you should have heard this week, but didn’t.
This week’s stories…
Story #1 – House Passes Cap and Trade Bill
Story #2 – Common Sense On Global Warming
Story #3 – Buenos Airies Declares Flu Emergency
Story #4 – Update On National Animal ID System
Story #5 – Feds Hunt Down Guns
Story #6 – Congreswoman MCkinney Gets Arrested
Story #7 – National Debt will be next crisis
Story #8 – Fed Chairman Bernanke Fears Economic Collapse If the Fed is Audited
Part 1 : http://www.youtube.com/watch?v=Cr00gI3k16M
Part 2 : http://www.youtube.com/watch?v=0bn79b4_FII
A.I.G. Seeks U.S. Support for Bonuses
http://www.nytimes.com/2009/07/10/business/10insure.html?_r=1&src=twt&twt=nytimes
Aren’t we honoured gods walk amongst us.
http://www.cnbc.com/id/31838262
All, backup your hardisk, the cyberwar between the US,South and North Korea may come to a head today with devestating effects…
http://voices.washingtonpost.com/securityfix/2009/07/pcs_used_in_korean_ddos_attack.html
I don’t agree with P. Schiff.
He says low paid jobs are gone because minimum wage prices them out.
http://www.youtube.com/user/PeterSchiffChannel
I think that the big companies aren’t satisfied with 150% return, they want to rip off the little guy so they get 250% profit.
Its just greed Peter. The minimum wage is not the cause of our financial problems – Its GREED!
ICN news is touted as well informed., but ICN is as much an industry propaganda channel as any of the other media channels.
The oldest stories always tell about the devil wispering truths until he can tell a lie and steal your soul. Not that I’m a believer, but the method is univerally adapted in the media.
The main lie told is that climate change and all action against it is nonsense. It think that issue is a good litmus test of any media channel, because if a channel doesn’t tell you climate action should be priority nr. one and the real tax we pay is called pollution and environmental devestation, it’s chills at work.
@ Snoop Diddy.
Those guys at AIG should get a bonus like in the olden days.
They should lose a finger every time they dip into company funds.
Imagine the accountants trying to add up without any fingers?!
In fact, by now they would be down to the elbow.
The only way ANYTHING will really get done on climate change is if some corporations think they can make money out of it.
Thats why carbon trading is being developed.
Just another financial vehicle for greed and fraud.
The planet is just the means.
Being cynical is exhausting, ha!
@Mother Earth … ” ICN news is touted as well informed”
That’s not my impression of ICN.
Do you know if someone sponsors them ?
As to climate change … to put it simply, the “economic growth mantra” is geared to never-ending short-term profits which inevitably will destroy the planet’s “natural inhabitants” . You only need to look around to see it happening.
The arrogance of the human race in thinking they will one day have enough (scientific) power to (successfully) control nature is just ludicrous. We are a “subset of nature”, nothing more, despite what all the religious freaks want to believe.
JMHO FWIW
@Phil
Re: Climate Change – Right on Phil.
Thats why I love wild weather. It reminds you that you are NOT in control at all.
People are shocked when there is a storm, or the flood plains actually flood into their houses they built in what used to be a river, or a fault line, etc, etc.
Economic Growth is overrated – Grow Grow Grow! Populations are exploding on the promise of economic growth. This means population increases dramatically, only to find it was all a hoax and these families are left with no work or livelyhood.
Time for spiritual growth to catch up with the $$$ farce.
@Mini US … 100%
… correct !