[email_link] “GOVERNMENT IS A TRUST, AND THE OFFICERS OF THE GOVERNMENT ARE TRUSTEES, AND THE BOTH, THE TRUST AND THE TRUSTEES ARE CREATED FOR THE BENEFIT OF THE PEOPLE!” – HENRY CLAY Tim Geithner is our Treasury Secretary. Before I say another word, this is what their own website says about the job of…
[email_link] Dick Clark, the music industry maverick, longtime TV host and powerhouse producer who changed the way we listened to pop music with “American Bandstand,” and whose trademark “Rockin’ Eve” became a fixture of New Year’s celebrations, died today at the age of 82. Continued SOURCE: http://abcnews.go.com/Entertainment/dick-clark-entertainment-icon-nicknamed-americas-oldest-teenager/story?id=16076252
[email_link] Banks are complicated, and especially in this age of too-big-to-fail, they often house a number of thorny practices under one roof – practices that, as we learned the hard way in the fall of 2008, can be difficult to regulate. Click here to see the convoluted system that has evolved. SOURCE: http://www.thefiscaltimes.com
[email_link] APRIL 17–In a stinging legal rebuke, a New York judge has dismissed a lawsuit brought by Howard Stern against SiriusXM and, in the process, revealed that the radio host had been seeking a whopping $300 million in stock awards he claimed were owed as part of his employment contract with the satellite radio firm….
[email_link] (CNSNews.com) – A bankruptcy court ordered $368,500 in bonuses for 20 top managers and employees of Solyndra, the solar panel firm that received $535 million from taxpayers two years before filing for bankruptcy and laying off 11,000 employees. The bonuses kicked in on March 31. Continued SOURCE: http://cnsnews.com
[email_link] THIS IS A GREAT CHART! Source: Bianco Research L.L.C. Charts Of The Week, April 11, 2012
[email_link] “George Bush felt it was appropriate to release the names of his bundlers. John McCain did. But not Mitt Romney. Why did George Bush and John McCain release multiple years of tax returns, but not Mitt Romney? Why did Mitt Romney leave Massachusetts government with the hard drives from his computers, and why did his senior…
[email_link] Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the credit crisis. Five banks — JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc., Wells Fargo & Co., and Goldman Sachs Group Inc. —…
[email_link] Market remains in corrective mode. Last week’s report was titled “DETERIORATION!” Until the Fed intervened, the market was getting in more trouble. How did they intervene? They sent three fedheads out to tell everyone that more QE is on the table, leading to Thursday’s sharp move. But that didn’t last long. You see, the…
[email_link] THE euro crisis flared up in early April after three months of relative calm as banks got a trillion-euro helping hand from the European Central Bank. Spanish bond yields jumped on fears that Spain – the fourth biggest economy in the euro area – might be forced to follow much smaller Greece, Ireland and…
