Tag Archives: pbgc

Oligarchs Pleading the Fifth, Peasants Pushed off the Bridge

Posted on May 24, 2009 by stacyherbert| 20 Comments

Stacy Summary: First, thanks to Snoop Diddy for the On the Edge logo in the side bar to the right! Awesome job. And thanks everyone else for all your feedback to the show! It really helps. Below are my headlines for Sunday. As you can see, it is quite nice being an oligarch. Life for us peasants footing the bill, however, is a bit more precarious. Let me know what you are reading in the comments.

UK taxpayer payouts to rail operators set to soar

Former head of pension agency refuses to testify about JPMorgan / Goldman Sachs relationship

Geithner gives the bankers what they want on derivatives ‘regulation’

Suicidal man pushed off bridge in China by annoyed consumer-citizen

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Posted in Headlines

Tagged fifth amendment, goldman sachs, jp morgan, pbgc, rail operators, uk rail

Debt that dare not speak its name while insider trading talks loud & clear

Posted on May 20, 2009 by stacyherbert| 35 Comments

Stacy Summary: We record On the Edge on Wednesday for Friday air date. So, sorry for the delay in posting. But here you go – Another day of confusing billions with millions and vice versa. Another day of blatant insider trading. And another day in which nothing will be done about it. What are your thoughts on the likelihood of anyone under 75 ever getting a pension in the US? Right now, those receiving public pension seem to be one of the lucky ones receiving enforceable through taxation benefits, but how long do you think those will last?

The debt that dare not speaks its name (h/t Snoopdiddy)

Where are the cops to arrest those trading on inside information on Bank of America (BAC) ??

Credit Suisse trying to evict bad debtor from $30 million Mayfair home

Gold investment demand TRIPLES in first quarter

Pension Benefit Guaranty Corporation’s deficit triples

Updates:

Trading while drunk not allowed in bear markets

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Posted in Headlines

Tagged bac, bank of america, debt, gold, insider trading, pbgc

Once the people realize their savings are gone, there will be revolution

Posted on May 15, 2009 by stacyherbert| 34 Comments

Stacy Summary: The billionaires are preparing while the ‘middle class’ still hold out hope, diving back into the housing and equity markets hoping for, praying for one last chance at the wheel of fortune. Once these desperate speculators realize that they all collectively bet on red by betting on asset price inflation as retirement plan . . . there will be unrest, according to South African billionaire, Johann Rupert. What do you think???

There will be blood warns billionaire Rupert

UK business calls on government to help recoup £400 million from Dubai

China’s yuan to usurp dollar as reserve currency

German economy shrank most in 40 years

Singapore’s sovereign wealth fund begins dumping its investments in submerging economies

Updates:

Former federal pensions chief faces criminal probe over role in awarding Goldman Sachs & JP Morgan billions to manage; coincided with disastrous (criminal) decision to move $50 billion under management from bonds into real estate & equities in May of 2008

California orders layoffs of thousands of state employees to cover $15.4 billion deficit

→ 34 Comments

Posted in Headlines

Tagged dubai, german economy, goldman sachs, johann rupert, jp morgan, pbgc, singapore, temasek, yuan

The Daily Tweetcast #8 – Pensions going bust, and so will PBGC?

Posted on April 1, 2009 by stacyherbert| 32 Comments

Correction: The Boeing surveillance towers are meant for Detroit and Buffalo (not Pittsburgh). Link

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Posted in Max Keiser Video

Tagged boeing surveillance towers, buffalo, detroit, max keiser, pbgc, pensions, stacy herbert, tweecast

Headlines, Headlines, Headlines – 31 March 2009

Posted on March 31, 2009 by stacyherbert| 10 Comments

Stacy Summary: As the tide goes further and further out we are seeing that the financial oligarchs are basically wearing the taxpayers’ bathing suits, leaving us naked and exposed. Probably explains our shocked collective embarrassed silence as more and more and more and more money gets handed calmly to the oligarchs.