Tag Archives: Financial Crisis
GM emerges from Bankruptcy
1. After 40 days and 40 nights… GM comes outta Bankruptcy - The financial flood is over (not really) for what was once the largest corporation in the world. But the feds still own 60% of GM, so… the Chevy/Cadillac/Buick/GMC Ark is still very much resting on the Mt. Ararat shoulders of Uncle Sam. (From [...]
Posted in Morning Five Also tagged Boneless Chuck, Cemetery, Climate Change, G8, GM, Internets, Noah's Ark, NY Times, Print Journalism, Recession Leave a comment
Skin in the Game
1. Banks, mortgages, and Skin in the Game - One of the major causes of our current financial crisis was how banks were handling mortgages. Banks used to lend a home buyer money, betting on the fact that they’d repay that money back to the bank. Thanks to mortgage backed securities, banks could lend someone [...]
Posted in Morning Five Also tagged Ahmadinejad, Cheap Beer, Drudge, Forclosure, Garden, Housing Crisis, Iran Election, Michelle Obama, Pilot, Plane, Recession, Skin in the Game Leave a comment
Obama and the Special Olympics
1. Pres. Obama w/ Jay Leno on his Bowling Skills: “It was like Special Olympics or something” - A fair point is being made by the right on what the President said… IMAGINE what would have happened if President Bush would have said this. I think we’ve all said terrible awful things and not intended [...]
Posted in Morning Five Also tagged AIG, Bowl, Garden, March Madness, NCAA, Obama, Special Olympics 1 Comment
Is this a Depression?
1. Is this recession becoming a slight depression? - If that won’t scare investors into selling off and consumers from not making a purchase, I don’t know what will. Self Fulfilling prophecy indeed.
(From the AP)
2. Meanwhile, the Dow seems to be doing
what it did between 1929 – 1931 – The Stock market is down 54% [...]
Posted in Morning Five Also tagged Blago, Depression, Dow, Drunk, Michael Steele, Recession, Rush, Stock Market Leave a comment
Good Lord the Economy stinks
1. Dow finishes below 7,000. Like 237 points below 7,000 - Stock market closes at 6763? Ugh… has no one ever heard of buy low sell high?
(From Bloomberg and PDO of Ninesheets)
2. Gov. of Kansas gets nod for Sec. of Health and Human Services - She’s a Dem in a Red state. Should be interesting.
(From [...]
Posted in Uncategorized Also tagged 49ers, Health and Human services, Kansas, Kathleen Sebelius, Pat Down, Privacy, Search, Stock Market, Taxes Leave a comment
Planned Spontaneity and the Marketing of Manipulated Reality
1. Planned Spontaneity in the Media and Government - How CNBC talking head Rick Santelli had a rant that was totally planned, the “Chicago Tea Party” tries to be spontaneous but isn’t, and how there are very smart people trying to get you to believe that what you think is reality hasn’t already been planned [...]
Citi and US get in Bed together
1. US Gov’t gets 36% of Citi - Which would make it more like the Bank of America… which… wait no, that’s already taken. Okay, then how about US Bank… no… that won’t work either. How about the City US America Bank… thinger. (From the Economist)
2. Iraq war to “end” in 2010 – President Obama [...]
Posted in Morning Five Also tagged Bobby Jindal, Citi, Iraq, KFC, Michael Steel, Slumdog Millionaire, Whiskey Leave a comment
Blago asked Burris for Cash
1. Blago wanted $10k from Roland Burris, Burris failed to mention this until AFTER he was in the Senate – In November, the former Illinois Governor’s Brother asked now Ill. Senator Roland Burris for a $10,000 campaign contribution. Burris refused. But, by the way, Mr. Burris failed to mention that this happened while under oath [...]
Posted in Morning Five Also tagged Banks, Blago, Burris, pork, Stimulus, Valentine's Day Leave a comment
How does Ben Bernanke keep going?