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Archive for the ‘Daily Bail’ Category

>Ho-Hum Geithner Okay With New Global Reserve Currency That Will Cause Economic Havoc In U.S.

>”Crude Oil” to: http://www.platts.com/ProductList/Oil/Trader

Posted: 17 Feb 2011 09:40 AM PST
Editor’s Note: The video is full-size…it just appears small before playing.  Brand new from the world’s best independent banking analyst.  Truth and transparency are in short supply at Wells Fargo. Bloomberg Video – Chris Whalen – Feb. 16, 2011 Christopher Whalen, managing director…
Posted: 17 Feb 2011 07:59 AM PST
(Reuters) – U.S. bank regulators are finalizing punishments against mortgage servicers after a probe found “critical deficiencies” with the industry’s foreclosure processes.  John Walsh, the acting head of the Office of the Comptroller of the Currency, said a national probe of foreclosure…
Posted: 17 Feb 2011 07:51 AM PST
  Get detail on both charts here…   Bankers’ Bailouts The banks had gambled away so much of the money they created into risky and complicated deals, that when homeowners began to struggle under the weight of paying off a huge mortgage on a house they thought would only ever go up…
Posted: 16 Feb 2011 11:02 PM PST
Archive Video – May 06, 2010 Clip has not been posted at the Bail before.  Part of our new series ‘Nightly Lloyd.’ Lloyd Blankfein, Chairman and CEO of Goldman Sachs, is asked by Senator Tom Coburn if he talked to anyone at Treasury about Dodd-Frank.  Comedy…
Posted: 16 Feb 2011 10:16 PM PST
Read more at… One Good Cut — Bankers’ Benefits Shockingly, banks are the most heavily subsidised businesses in the world. We give them over £130 billion in subsidies and benefits every year. Without these subsidies and benefits, the banks wouldn’t be making any profits, and…
Posted: 16 Feb 2011 08:26 PM PST
Paulson the offensive lineman at Dartmouth and Friedman, the much smaller wrestler from Cornell.  Guess who got his ass kicked… From Nomi Prins’ new book It Takes A Pillage, hear the true story about the banker who took down the Hammer, pinned him to the ground and had him pleading for…
Posted: 16 Feb 2011 07:38 PM PST
  Source – Bloomberg Goldman Sachs Group Inc., the U.S. bank that relies on fixed-income trading for the largest portion of its revenue, will shut its Global Macro Proprietary Trading desk, a person with knowledge of the decision said. The eight-person desk, which trades…
Posted: 16 Feb 2011 05:36 PM PST
Video – Tim Geithner at the Council on Foreign Relations answers a question about a new global reserve currency – Mar. 25, 2009 After news of last week’s IMF proposal, we went digging and found this Geithner clip in the wayback machine.  This made a brief splash back in early 2009 and was…
Posted: 16 Feb 2011 04:30 PM PST
Fox News deceptively misrepresented Paul’s 2011 CPAC straw poll victory by substituting footage from CPAC 2010, where Mitt Romney supporters had loudly booed the results.  Fox, a habitual mouthpiece for the GOP establishment, normally works in clandestine ways to deny the legitimacy of…

>Daily Bail Good Reads

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Posted: 24 Jan 2011 02:05 AM PST
Very, very interesting pick-up from Reuters below.  Here’s some background linkage from the past week. Both are quick reads…   CHART UPDATE: Fed’s Balance Sheet Hits Record High In Latest Week On New Bond Purchases – Weekly Report   Could The Federal Reserve Go Broke?…
Posted: 24 Jan 2011 12:39 AM PST
We’ve published 15 stories since Friday evening so here’s an easier way (no scrolling) to see the most recent headlines.  And if you think we should keep this list pinned at the top all the time, let me know in comments. Subscribe to RSS headline updates from: Powered by FeedBurner
Posted: 23 Jan 2011 11:32 PM PST
Found this (in bold below) buried in a column Friday from Floyd Norris at the NYT.  If true, it would explain how China has managed to keep the Yuan from rising versus the dollar over the past 18 months.  It has also been rumored that China is accumulating large stakes in public U.S….
Posted: 23 Jan 2011 10:05 PM PST
This is just a partial screengrab. Pro Publica Bailout Tracker… Another excellent infographic, this time from ProPublica.  Every company, every bank, every amount, every payback.  None of the stealth bailouts are tracked.            
Posted: 23 Jan 2011 09:12 PM PST
The Spanish government is set to launch a sweeping bailout of its troubled regional savings banks in an attempt to reassure global bond markets. In every country so far except Iceland, from the U.S. to the U.K. to Ireland & Greece, the bill for bailing out criminally over-leveraged banks goes…
Posted: 23 Jan 2011 08:45 PM PST
Esto es muy espectacular… Video – Banco de Santander en Madrid – Dec. 22, 2010 Acción colectiva flamenca de flo6x8.com se coló en una de las oficinas del Banco Santander en Sevilla. Según cuenta, se “compincharon” con una “emisora de radio amiga”, y se plantaron en la sede…
Posted: 23 Jan 2011 08:32 PM PST
With the national debt now past $14 trillion and headed for $20 trillion by 2015, here’s a quick link with a look at the size, scope and immensity of $1 trillion. Visualizing One Trillion Dollars… —     Related links…   Dollar Bill History…
Posted: 23 Jan 2011 02:00 PM PST
Video – Olbermann says goodbye… Keith Olbermann gives abrupt goodbye to MSNBC show NEW YORK (AP) — Keith Olbermann was MSNBC’s most popular personality and single-handedly led its transformation to an outspoken, left-leaning cable news network in prime time. Despite that, he often seemed…
Posted: 23 Jan 2011 12:30 PM PST
Do not skip this story.  Absolutely brilliant piece of investigative journalism from Ryan Grim.  At a minimum, please give it a quick read. Editor’s note – We are republishing this story from last year for those who missed it the first time around. — Source – Ryan Grim – Huffington…
Posted: 23 Jan 2011 11:10 AM PST
Video:  Former Goldman Sachs CEO Henry Paulson has a message for you… We haven’t forgotten the crimes against humanity of former Goldman Sachs CEO Henry Paulson and his tax-free $700 million.  We put everything that’s important about your former TARP-loving Treasury Secretary into a…
Posted: 23 Jan 2011 11:00 AM PST
I’m sure Bush just said something brilliant, as Paulson submissively giggles.  And B-52 has no idea how to relate to other humanoids so he’s just faking it. Write something funny and I’ll post it. —   Hank the Hammer and his tax free $700 million… Video:  Former Goldman…