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    Happy "pi" day eve!!

    When is Festivus?
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    Maria

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    God Save The Queen

    Britain’s Debt Deepens; Its Outlook Grows Gloomier http://www.nytimes.com/2009/04/23/business/global/23pound.html?_r=1&hp Article Tools Sponsored By By JULIA WERDIGIER Published: April 22, 2009 LONDON — Britain’s budget deficit is to reach £175 billion, or $255 billion, this...
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    Morgan Stanley Drops a Bomb...

    Famous last words of many....
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    Morgan Stanley Drops a Bomb...

    Until it doesn't, right? I think you're a little premature with your charging ahead call. Everything is accumulative. Resistance to the accumulating bad news can't and won't last. If you're a trader (are you?), what are you worried about? You'll make your 5% profit or whatever it is...
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    Freddie Mac acting CFO found dead at home

    All I have to say is this is very odd. It's not like he was a fund manager and invited family and friends to invest in it and they lost tons of money. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN2252992720090422 Freddie Mac acting CFO apparent suicide -...
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    Freddie Mac acting CFO found dead at home

    Suicide according to reports.
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    Morgan Stanley Drops a Bomb...

    Good luck with that thesis. Geithner is in emergency containment mode, given this and the IMF report on global contraction. The U.S. Government is in crisis mode. Tax receipts are literally collapsing. http://www.bloomberg.com/apps/news?pid=20601109&sid=anA.WOxto6qQ&refer=home The...
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    Tax Receipts in U.S. 'Collapsing': Gov Needs to Float Add'l 2.4 Trillion in Bonds

    http://www.bloomberg.com/apps/news?pid=20601109&sid=anA.WOxto6qQ&refer=home This is what happens when you bleed jobs. The U.S. is just like an over-leveraged consumer, who borrowed way too much during good times when income was high, and now can't pay its expenses now that its primary source...
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    MORGAN STANLEY

    Hey, MS only missed by 40% and 2 billion on revenue. It's not like it wasn't close. p.s. - Unbelievable, really.
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    Fake recovery due to trillions being printed; real test is job growth

    CNBSC had the new charge' of the former IndyMac (BankWest now, or something) on this morning and he told Joe 'Mr. Funny Guy' Kiernan that foreclosures would continue to tick up, 'obviously,' because the jobless rate will. How anyone here or anywhere else doesn't see the obvious is beyond me.
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    Morgan Stanley Drops a Bomb...

    Talk about a MASSIVE revenue miss - 3 billion versus 5 billion - that's only a 40% miss (something I've never seen before). Watch the prices of all hedging instruments skyrocket. Do you mean to tell me that even with every crooked accounting trick available to it plus free $$$ from the...
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    Guaranteed Up Day: 4/22/09

    I am not in agreement here. Neither of us know, obviously, but Geithner's responses today weren't fully dissected until after the market closed, and contained many troublesome comments that are only now being digested.
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    Miss California Assailed By Gays For Defending Marriage

    There are a bunch of morons here who are blindly gay bashing, but the issue I was addressing was whether the question AND response to the question Perez Hilton perpetuated regarding Ms. California was fair in the least, and I stated it wasn't, and that Perez Hilton is an idiot to hijack the Ms...
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    Nobel Economist Joseph Stiglitz Calls Out Obama on His Wall Street Ties

    http://www.thedeal.com/dealscape/2009/04/stiglitz_calls_out_obamas_wall.php Change is all that will be left in your pocket given enough time. Stiglitz calls out Obama's Wall Street ties Published April 17, 2009 at 4:30 PM Nobel-winning economist and former Clinton adviser and...
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    Capital One Q1 loss 45c vs $1.47 EPS year ago

    What's in your wallet? For a lot of their customers, air, apparently.
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    Car Dealers on Brink: Chrysler Alone May Lay Off 140,000 Employees from JUST Dealers

    I really don't see what the problem is with Bloomberg (since few other media outlets are doing so) informing the investment community that 140,000 employees work at Chrysler dealerships, alone. I wasn't aware of that fact, and would have naively guessed maybe 30,000 at most, if forced to...
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    Soros on Bloomberg last weekend

    He said we're likely headed for a depression, and that the problems we face today are actually far greater than during the Great Depression. http://www.forexhound.com/article/Stocks/Stocks/UK_Times_George_Soros_Sees_Global_Meltdown/129651 This recession, he explains, is a...
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    Car Dealers on Brink: Chrysler Alone May Lay Off 140,000 Employees from JUST Dealers

    That's a Bloomberg story about the impact, nationwide, that shuttered dealerships will have on the unemployment rate - not even speaking to the factory and white collar jobs already lost and still being lost in the face of Chrysler and GM bankruptcy reorganization. I have no idea what your...
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