Posted by julian on Mar 25, 2009 in
Economy,
Politics This week two of the largest recipients of TARP funds, Goldman Sachs and Bank of America have announced they no longer need help and are plan to hand back their TARP funds before the end of April. I suppose that is good news for the American taxpayers. However what is baffling me is the AIG nonsense. Putting the bonus fiasco to one side, I am absolutely angry to learn most of their bailout money was quickly passed out to the world’s major banks, including Goldman Sachs and the B. of A. to pay out on lost bets. I originally thought AIG were like the Investment banks and were up to their eyeballs in toxic debt caused by the securitization of sub-prime mortgages. Never did I think, banks could even wager their way out of the serious business of finance, but moreover find a bookmaker who would take on their bets.
Tags: AIG, Bank of America, Bush, Goldman Sachs, Lehman Brothers, Paulson, TARP, Wall Street
Posted by julian on Dec 31, 2008 in
Economy,
Export,
Import,
Politics I know the S & P 500 companies and media still seem to have a love affair with China and refrain from ever making any untoward remarks about the greatest rogue nation in the history of mankind for fear of retribution. So unlike those gutless schmucks of Washington Beltway, the media barons and those narcissistic [...]
Tags: America, Bear Sterns, Bernie Madoff, Bush, China, Communist, Japan, Lehman Brothers, Long Beach, Los Angeles, Obama, Russia, Wall Street
Posted by julian on Nov 26, 2008 in
Economy,
Politics My blood boils every time I switch on the T.V. and see that stuttering and nervous twitching Henry Paulsen take the podium to defend his actions for sending America down the same road as King Caligula did to the Roman Empire two thousand years ago. Mind you, I feel almost the same every time that [...]
Tags: America, Barney Frank, Bear Sterns, BNZ, Bush, Chrysler, Citibank, Ford, GM, Goldman Sachs, Henry Paulsen, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nacy Pelosi, New Zealand, Obama, Social Security, The Big Three, Wachovia
Posted by julian on Nov 10, 2008 in
Economy,
Politics I think those Wall Street idiots still with nine to five jobs should along with what’s left of the Republican Party should shut up. Capitalism as promoted and practiced by these jerk offs has resulted in such a huge global recession that it will not be months before a turnaround, it will be years. Now [...]
Tags: Alan Swartz, Bear Sterns, Capitalism, Dennis Koslowski, Enron, GOP, Jeffrey Skilling, Leavenworth, Lehman Brothers, McCain, Obama, Richard Fuld, Soviet Union, Tyco, Wall Street
