While the three major stock market indices ended up for the week, the early gains given up at close of market the last two days of the week are speaking volumes to me. We may not be so fortunate next week. While the various financial sites may say the recent volatility is due to debt [...]
bailout
Clusterf#@k To The Poor House
A little Wall Street bailout humor from John Stewart and The Daily Show.
FRONTLINE: The Warning
Think Harry Markopolos is an American hero for continuously warning SEC regulators for years about Bernie Madoff’s record breaking Ponzi scheme, which eventually defrauded investors out of about $50 BILLION dollars? Then you’ll be even more impressed with Brooksley Born, a true American heroine and former head of the CFTC, who bravely put everything on [...]
Help Your Fellow Americans
Hat tip to that blogging genius over at PharmaGossip for turning me on to Michael Moore’s teaser trailer for his still-untitled documentary.
Weekly Wrap
Instead of writing about economic indicators and stock market movements for my weekly wrap this week, I thought I would take a look at how political involvement is helping to improve the bailout situation. According to The Wall Street Journal: The Obama administration plans to appoint a “Special Master for Compensation” to ensure that companies [...]
What Happened To Laissez-Faire?
Just reminiscing back to 2008 and before the recessionary bailouts, when Greenspan and his cronies adamantly supported Laissez-faire economics. That is, until the shit hits the fan and it becomes everyone else’s problem. Source: editorial cartoon via David Horsey, Seattle Post-Intelligencer.