rant: The solution to the banking crisis - 03/23/09 05:29 PM
The administration's new banking rescue plan was officially released this morning after the details of it had been leaked over the weekend. It sure didn't take long but pretty much every economist and financial blogger not connected with Wall Street has already ripped it to shreds calling it everything from a … (29 comments)
|
rant: The treasuries "toxic asset plan" a massive taxpayer fraud - 03/21/09 04:32 PM
The details of the Treasuries much anticipated toxic asset plan to "cleanse" the banking system and restore financial stability are now public. My reaction posted on Twitter as I was reading it.
@timu_matt: Reading the Treasuries new toxic asset plan. Everytime I think they can't get more hell bent on destroying … (21 comments)
|
rant: Comments on todays CBO Projections - 03/20/09 03:08 PM
So this afternoon the Congressional Budget Office or CBO released their updated budget projections for the US government and the numbers are both a shocker and a head scratcher. They are now projecting the US gov to run budget deficits, of $1.8 Trillion this year and $1.4 Trillion next year. That … (7 comments)
|
rant: Fractional reserve banking and FED incompetence - 03/18/09 11:58 PM
Going off the reservation on another financial rant/post today...
The other day I saw this great post explaining Fractional Reserve Banking in really simple terms. It really lays the foundation for why our Federal Reserve and Treasury's policies not just now but over the last decade have helped lead us … (7 comments)
|
rant: More Bailout Details Emerge - Ok, This is Maddening - 10/14/08 01:06 PM
Tonight we found out how the first $250B of the taxpayers $700B bailout of the financial system would get used. According to the bill passed by Congress this money would be used to buy bad assets off of bank balance sheets. Instead it is being used to purchase non dilutive preferred … (55 comments)
|
rant: Great Video Critical of Hank Paulson and the Bailout - 09/21/08 12:37 PM
A good Sunday morning rant by Karl Denninger on Hank Paulson's responsibility in helping to create our current financial crisis while chairman and CEO of Goldman Sachs, maybe the most influential of the investment banks.
… (4 comments)
|
rant: Hank - Talking doesn't Restore Confidence When Everyone Knows You're Lying - 09/15/08 02:49 PM
WARNING: Major Rant below, read at your own risk :)
-----------------------------------
Our esteemed Treasury Secretary Hank Paulson just gave a speech on Bloomberg in an attempt to reassure the markets that the crisis is almost over. Sorry Hank, there is one problem, talking doesn't reassure people when no one trusts what … (7 comments)
|
rant: IndyMac Fight: Schumer vs. The OTS and a Rant - 07/12/08 04:11 PM
As I'm sure everybody already knows yesterday the US experienced the second largest bank failure in our history as IndyMac was seized by the FDIC and OTS. One of the first public statements by the OTS was to blame Chuck Schumer a member of the Senate banking committee a letter he … (13 comments)
|
rant: Does being a good agent require believing in your market? - 02/25/08 01:40 AM
One of the comments on my last blog post was
"If you don't have confidence in the market how can you sell you buyer clients homes. It sounds like you need to make a decision on a career."
I'm not an agent or anybody that directly makes my living from … (70 comments)
|
rant: A jumbo cram down: Bank lobbyists 1, Tax payers 0 - 02/21/08 08:06 PM
This post is a break off of one item in my post Your credit market update and some of the comments, particularly one from Michael Tarabotto. As most people an economic stimulus bill was recently passed. This bill includes several items that are supposed to help the economy and particularly the … (8 comments)
|
rant: Are pigs smarter than economists? - 02/02/08 01:18 AM
In a story from Reuters:
CHICAGO (Reuters) - "Darke County Dave," a local hog, will opine -- or oswine -- on America's economic outlook on Friday, the Ohio treasurer's office said.
In his inaugural outing, Dave will choose between a trough of sugar or one of sawdust to gauge the economy's future … (6 comments)
|
rant: Why does no one in the media understand The FED? - 01/02/08 04:37 PM
99% of the time I hear someone in the media or a pundit on TV talk about the FED I want to bang my head against the wall. There is so much misinformation that gets told so many times that it seems to becomes truth to many people. The Federal Reserve … (68 comments)
|
rant: My letter to congress - 10/14/07 04:32 PM
I spent much of this weekend on a letter writing campaign to congress, over an issue that has deeply disturbed me as of late surrounding the US financial markets and has a huge impact on the real estate industry. My most recent letter is below...
Dear Sir,
I've written previously about … (7 comments)
|
rant: Trigger Leads - There goes my privacy, yet again - 05/13/07 04:21 PM
About two weeks ago someone was describing to me how they were going to buy "Trigger Leads" for their mortgage business. I didn't know what a trigger lead was but, after it was described it just kinda made me go, how in the world is that legal...
What is a trigger lead?
After … (38 comments)
|
;)
;)
