Stacy Summary: What would you answer? (To put this into context, the Irish economy contracted by 7.6% last year, so that people feel it will get even worse is pretty gloomy). And to @Danny, @david and @Dork, why is it that majority of Fianna Fáil would think worst is over?
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Stacy Summary: I doubt this is anything more than a PR event. Goldman Sachs seems a bit too eager to present themselves as the victims of the crimes they have committed.
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Stacy Summary: On the Edge with guest Chris Cook. Here is the article referenced in the interview, “Saudi Arabia and the oil bank.”
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Stacy Summary: Via Boingboing.
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Stacy Summary: I know this has already been discussed widely in some of yesterday’s blog entries, but I think it deserves its own jibber jabber at least.
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Stacy Summary: Obama should have done this from day one. Why Paul Volcker was forced to sit back while Geithner and Summers continued plunder as usual is beyond me. Well, actually, it’s not, but you know what I mean. Timmy and Larry were always going to be looking for their next job from the banks they are supposed to be allegedly tough on.
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Stacy Summary: Keiser Report with guest, Ann Minch of Debtors Revolt. (As always, I will post the Youtube when that is available).
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Posted in Max Keiser Video
Tagged ann minch, debtors revolt, episode 10, keiser report
Stacy Summary: And, at this rate, we will have more on Haiti next episode no doubt.
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Stacy Summary: Clearly, the US troops are not there to provide humanitarian support or aid. Who wants to bet that the number of troops will near 30,000 and that those troops will be used to occupy Cuba within the next 12 months?
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Stacy Summary: Morning! (Sorry @Mike/Liverpool re: gold ‘getting killed’); here is an interesting piece from Mish on implications of a return to Glass Steagall. What do you think? Are ‘investors’ prepared for what reduced leverage & earnings would mean to their portfolio? And do you seriously think Obama will suddenly start listening to Volcker?
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Stacy Summary: Max’s letter to the editor published in today’s FT.
From Mr Max Keiser.
Sir, Richard Lambert’s critique of Sir David Hare’s play The Power of Yes is shrill and unconvincing (“Why David Hare is wrong about business”, January 18).
In fact, contrary to what Mr Lambert argues, business is absurdly easy due to the ease companies have in accessing credit at rates – engineered by banks engaging in cross-border “carry trades” in the currency market – of virtually zero. Furthermore, when these businesses lose money with their virtually free cash they lobby their respective governments for bail-outs. Continue reading
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Stacy Summary: With Janet Tavakoli. (Will post Youtube version when available).
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