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+ 100,000,000!!!!!!!! This guy is absolutely hilarious. Made my month!!!! Funny ass stuff right there, and all true!!!! :D

Of course. Bailing out AIG was your government's way of making sure your tax dollars went to a needy cause: So Goldman, JP Morgan, SAC Capital, Morgan Stanley & others could collect fat profits on all those CDSs AIG had sold. Thanks, suckers!

Then Julian Robertson is going to eat Gross's lunch. But Robertson thinks the economy is going to suck, also, despite his belief that central banks will have to raise rates (so they can borrow).

They claim central banks won't be able to raise rates, anywhere. How will they stop borrowing costs from rising in the private markets? http://www.bloomberg.com/apps/news?pid=20601087&sid=apSiuh9eDtFE

Housing prices continue to fall. There's a tidal wave of inventory of REOs that banks won't even release, for fear of the price deflation it will cause to the existing listed crap.

I think they finally get it. Do what the government wants in terms of hybrids, CAFE standards, etc., and be rewarded.

It appears that Washington will steer GM into a head on battle with Toyota in the battery powered hybrids and plug-in hybrids segment. http://community.kbb.com/blogs/greenblogs/archive/2009/06/08/GM-Unveils-New-Advanced-Battery-Lab-in-Warren_2C00_-Michigan.aspx There are also unconfirmed...

Just sayin'. http://www.bloomberg.com/apps/news?pid=20601109&sid=atDUfrifHZ34

The Sovereign Society Offshore A-Letter Monday, June 8, 2009 Fed Brings on an “Old Friend” Dear A-Letter Reader, Oh, boy! Have we got a juicy one for you today! Apparently the Federal Reserve is hiring a new lobbyist. Wait a tick, you say, isn’t that absurd? Isn’t it...

They just reported this on ABC World News. Deadbeat #s will only grow for the next decade.

Not sure guys. I do not there a floods of offers (REAL lowball) on REOs, and banks are now again holding back a WHOPPING TON of additional foreclosures they have in the wings for fear of the effects releasing that would have. I did hear that there's an absurd number of offers from...

Actually, it's more like 'explosions in the night,' and no, I am not kidding. Neighborhoods are rocked in the middle of the night in Iceland. Apparently, the icelandic way to dispose of an unwanted payment on a Land Rover or BMW is to throw a molotov cocktail inside the interior, which...

Published: Monday, June 8, 2009 Ike's warning about spending coming true Ann McFeatters, Scripps Howard columnist http://www.nashuatelegraph.com/apps/pbcs.dll/article?AID=/20090608/OPINION04/306089996/-1/opinion President Dwight Eisenhower gave the nation a farewell address 48 years...

http://www.latimes.com/business/la-fi-auto-torch8-2009jun08,0,1869536.story On The Rise: People Blowing Up Their Own Cars Nothing salves buyer's remorse like a match in a fuel tank. Citing National Insurance Crime Bureau figures, a Los Angeles Times story says car owners are resorting to...

Alternative headline for this was: "The parentally-subsidized idle urbanites of New York aren't getting the fundage they used to, and they have to get paying jobs now. Or move in with their parents."

http://www.nytimes.com/2009/06/08/nyregion/08trustafarians.html Parental Lifelines, Frayed to Breaking Katie Orlinsky for The New York Times Misha Calvert, 26, relied on her parents during her first year in Williamsburg. Such financial arrangements carry a “giant stigma,” she said...

Who has said anything about housing 'inflation?' Prices continue to fall almost everywhere. There was a spike in sales in May, probably because of super low mortgage rates were available w/highly deflated home prices, but this 'spike' was relative to the massive declines we've seen and we...

Of course the dealers are going to deny they're giving half off. I can tell you as a matter of fact that it's happening. I know a concrete contractor who just bought a 42k turbodiesel Ram for 24.6k. Maybe not exactly half off, but nearly. There are tons of people posting on Edmunds...

A chicken in every pot! Errr..... An Oldsmobile in every driveway!! Errr....... A rent-free Luxury Condo in Crown Heights for every homeless person (with granite, full cable TV, and Jacuzzi bath)!!! Errr.......... A $10,000 Visa giftcard and free Mississippi Cottage for...