February 2010 Archives - 3/8

Secret AIG documents show Goldman minted most toxic CDOs

Posted on February 23, 2010 by stacyherbert| 7 Comments

Stacy Summary: If you read through the entire article, it it quite clear how Goldman is so profitable. They are selling faulty products knowingly and can bet against the insider knowledge. Or, in the case of Greece, they can sell a product that gives them the insider advantage of knowing exclusively of the billions of debts hidden and waiting to explode into public one day. Many claim this is ‘free market’ capitalism, but, if so, then we should allow some increased competition through say the formation of say the Gambino Bank Holding Company.

Secret AIG documents show that Goldman minted most toxic CDOs

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Posted in Headlines

Tagged aig, goldman

‘Nothing Inappropriate’ and Obama’s Proposal

Posted on February 22, 2010 by stacyherbert| 108 Comments

Stacy Summary: Go at it . . .

Goldman claims it did ‘nothing inappropriate’ in Greek swaps

Obama finally releases his health care reform proposal

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Posted in Headlines

Tagged goldman, greece, health care, obama

[Video] Chroma Key is Everywhere

Posted on February 22, 2010 by stacyherbert| 104 Comments

Stacy Summary: Couldn’t wait until Sunday to post this video; it’s a bit frightening if you look at it in a Wag the Dog kind of way. It goes with my theme of a few days ago about fake being so much more profitable than real.

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Posted in Headlines

Tagged chroma key

To speculate or not to speculate – that is the question

Posted on February 22, 2010 by stacyherbert| 31 Comments

Stacy Summary: And your answer? (Thanks all for the Charlie Munger headline).

Australian media attack on Steve Keen and others who warn housing in a bubble

Charlie Munger’s pessimistic parable about an economy that listens to the MSM encouragement to speculate

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Posted in Headlines

Tagged australian housing market, charlie munger

Spy Drone Jibber Jabber

Posted on February 22, 2010 by stacyherbert| 88 Comments

Stacy Summary: How predictable. First they came for Alqaeda, then they came for petty criminals, then they came for us. And it was too late.

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Posted in Jibber Jabber

Tagged Jibber Jabber

Viable concerns and wealth disparities

Posted on February 21, 2010 by stacyherbert| 177 Comments

Stacy Summary: I found these two stories via Naked Capitalism, and to me they go hand in hand. The first attributes the crisis back to the collapse of Bretton Woods due to the trade imbalances it created, while the second includes charts which show the income gap ‘gap up’ post collapse of Bretton Woods as these trade imbalances were created. By the way, re: the title of the first, it seems the FT blogger is attributing his own summary of Duncan’s thesis as a quote? Anyway, your thoughts?

The US is not a viable concern anymore

Wealth disparities approaching 1920′s levels

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Posted in Headlines

Tagged bretton woods, us viable concern, wealth disparities

[Sunday Video Club] – Ron Paul Tops Presidential Poll at CPAC

Posted on February 21, 2010 by stacyherbert| 100 Comments

Stacy Summary: Ron Paul wins straw poll at CPAC. By a huge margin. I guess I’m surprised, as well as wrong, as I assumed Palin would have topped it. Almost the entirety of Ron Paul’s platform is the exact opposite of the neo-conservative brand of torture, mass murder and foreign invasions that has dominated the Republican (and Democratic) brands for the past 30 years or so. If Paul were the Republican nominee the population would have to take a stance on the Military Industrial Complex – do they want it or not?

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Posted in Headlines

Tagged Jibber Jabber, ron paul

Bank Shares for All Jibber Jabber

Posted on February 21, 2010 by stacyherbert| 110 Comments

Stacy Summary: Tories offer voters chance to purchase shares in state owned banks at a discount to the market. Doesn’t that mean we would be double-paying for it? And this poll out today that puts the Tory plan into the context of the public anger; 76% of Brits support cap on bank bonuses, 7 in 10 want investment and retail banks separated and most support a Tobin tax.

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Posted in Jibber Jabber

Tagged bank shares, tories

[1107] The Truth About Markets – New Zealand – 17 February 2010

Posted on February 20, 2010 by stacyherbert| 222 Comments

Stacy Summary: No new Truth About Markets today; but, as I forgot to post this earlier in the week . . . here is Truth About Markets Christchurch.

Download show here

For more download & listening options, visit Archive dot org

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Posted in Max Keiser Audio

Tagged new zealand, truth about markets

Fake data, real profits

Posted on February 20, 2010 by stacyherbert| 48 Comments

Stacy Summary: The theme today seems to be fake delivers much bigger profits than real. It seems that as long as you murder in the name of ‘free markets,’ many of your victims are likely to support you in your crime, certainly some will be against their families launching ‘needless lawsuits’ or against regulating this behavior. In which case, I guess you could call it a murder-suicide pact?

Former managing director of Monsanto India claims company faked data

One of biggest selling drugs in the world is causing many hundreds of needless deaths, heart attacks and heart failure per month in US alone; GlaxoSmithKline covered up

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Posted in Headlines

Tagged glaxosmithkline, monsanto

Peddling the war on that noun: Murdering, torturing and spying

Posted on February 20, 2010 by stacyherbert| 53 Comments

Stacy Summary: Here is a thread devoted to the state murdering, torturing and spying on us all, not just the victims of the fake war on terror. Trafficking in fakes, of course, is far more profitable than the real thing.

US school district spied on students at home using remote access to webcams

Governments around the world admit they carry out false flag attacks

Whitehall denies knowledge of Dubai plot

UK human rights watchdog demands inquiry into claims of complicity in torture

Terrorism: the most meaningless and manipulated word

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Posted in Headlines

Tagged dubai, gwot, us spying on students, whitehall

Carbon Bubble Jibber Jabber

Posted on February 20, 2010 by stacyherbert| 60 Comments

Stacy Summary: The biggest commodity bubble of them all? I’m sure this deserves a thread of its own . . . And, another speculator story, pharmacists in UK allegedly selling drug supply to euro countries to cash in on currency gains . . . clearly because these pharmacists are speculating, high blood pressure and Parkinson’s do not, therefore, actually exist.

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Posted in Jibber Jabber

Tagged Jibber Jabber

Complex Jibber Jabber

Posted on February 19, 2010 by stacyherbert| 162 Comments

Stacy Summary: Here’s an overnight thread for all your off topic links, conversation and other jibber jabber. I’m reading this latest blog entry from Karl Denninger about complex loan products. We’ve just interviewed Karl for next Tuesday’s Keiser Report and I think you are going to enjoy and learn from it.

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Posted in Jibber Jabber

Tagged Jibber Jabber