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    Geitner: Auditing the Fed is a “line that we don’t want to cross”

    I'm really hoping Bloomberg ultimately prevails in its current FOIA lawsuit. Releasing the Federal Reserve data that Bloomberg is requesting will be a true wake-up call for some Americans who are now apathetic to the Fed and their role in average Americans' lives.
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    Holy Crap! Even AP is freaking out about the deficits

    Corporate welfare Republicans just love Bernanke, as they should. The United States of America is turning into the first 'capitalistic democracy' that socializes corporate losses and privates corporate profits. Congrats, Mr./Ms. Taxpayer! You get to participate in funding bank/corporate...
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    Rabobank: Net profit EUR 1.3 billion, Tier 1 ratio 13%

    Moerland is brilliant, and an example of the responsible Chairman. He is also realistic about how bad things are, and because he is so, is taking the necessary medicine to ensure his institution survives this downturn, when many of his peers won't.
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    Glenn Beck Loses Advertisers

    Faux News isn't news; it's a rolling, 24/7, neocon op/ed piece. The same can be said of MSNBS, CNN and CNBS (a sister station to MSNBS). These entities should not be allowed to use 'news' in their titles. News is reporting objective facts, not foaming at the mouth and spewing absolute...
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    Dennis Gartman, what kind of joker this is

    Yes, follow Buffet's strategy. Use your massive influence to ensure Goldman Sachs gets paid by way of a 174 billion dollar bailout of AIG, to protect your 5 billion dollar, preferred share purchase.
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    What will happen to Big 3 after "cash for clunker" expires?

    10% may not be anywhere near enough if they want to avoid massive inventory builds again.
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    Bernanke is in. Here comes the bull

    Bernanke = Bankruptcy
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    Federal Reserve Balance Sheet Could Rise to 4 Trillion Dollars (Very Soon)

    The Federal Reserve is going have to keep buying more and more and shittier and shittier assets in order to keep as many banks as possible capitalized, even by the lenient standards allowed by Congress. This is why they suspended M2M Accounting, why the Federal Reserve is refusing to disclose...
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    ‘Peak Oil’ Is a Myth & Waste of Energy

    http://www.nytimes.com/2009/08/25/opinion/25lynch.html ‘Peak Oil’ Is a Waste of Energy By MICHAEL LYNCH Published: August 24, 2009 Amherst, Mass. Michael Lynch, the former director for Asian energy and security at the Center for International Studies at the Massachusetts...
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    •Volcker Urges Bank-Like Rules for Money Funds to Protect Financial System

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a5O9Upz5e0Qc Red flag.
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    60 Day+ Loan Delinquency Map of U.S.: Auto, Bank Card, Mortgage (Prime&Non) & Student

    Keep drinking that Obama/Bernanke Kool-Aid. Do you not challenge anything they tell you? Try it once. 2010 will be worse than 2009, and 2011 will be worse than 2010. You have zero things of substance to point to construct a genuine growth case. All signs lead lower.
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    Top Ten Reasons Recession Will Last "Forever"

    Good luck with all that. Me thinks the Chinese will do whatever the hell they feel like as they're basically funding a good and necessary chunk of our government deficit spending. I won't even bother responding to the rest of your points given that you think the U.S. "exports iPods" when...
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    60 Day+ Loan Delinquency Map of U.S.: Auto, Bank Card, Mortgage (Prime&Non) & Student

    60 day or greater delinquencies. Terrible almost everywhere. Check out the south (Florida and Alabama), the West (Nevada, Arizona and Cali) and the industrial belt, and Surprise! - the East Coast. The heat is on. http://data.newyorkfed.org/creditconditions/
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    Kudlow Report Bank failures a good thing

    Kudlow is mentally ill in exactly the way you ascribe.
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    •Swine Flu May Infect Half of Population in U.S., Kill 90,000, Study Says

    With such a low mortality rate as a % of infected people, even though this is apparently a very easily transmitted virus, I am leery of the cost-benefit (health wise) analysis of getting yet another vaccine, that may or may not work.
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    "His worth has fallen to about $4 million from a peak of about $100 million."

    +1 With McAfee, it's more timing and business intuition and management skills, plus organization, hard work and initiative, that put him in his formerly lofty economic position. Luck surely played a role, as it usually does, but that role was marginal.
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    Top Ten Reasons Recession Will Last "Forever"

    Right. I agree - Obama's talk of "new jobs" and "green jobs" has been misleading at best, and manipulatively hyperbolic at worst. By the way, I still firmly believe we are headed lower on economic activity than the wost levels of last year and March, and that equity indexes will follow. We...
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    •Swine Flu May Infect Half of Population in U.S., Kill 90,000, Study Says

    I thought about this, too, and considered it. It may be possible, but no one has any way to know, and I'm not sure it really helps them in any specific way legislatively or even popularly, IMO. Two things I will just add: 1) IF the projections pan out, or the result is worse, I do...
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    •Swine Flu May Infect Half of Population in U.S., Kill 90,000, Study Says

    Mods, this will have economic ramifications (on a major scale, IMO) if it comes to fruition, but move to P&R or Chit Chat if you genuinely disagree. http://www.bloomberg.com/apps/news?pid=20601087&sid=abCN9aBVJIkg •Swine Flu May Infect Half of Population in U.S., Kill 90,000, Study Says...
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    Top Ten Reasons Recession Will Last "Forever"

    Fantastic chart, outstanding points. It simply amazes me that some people resist the simple reality that we will need another paradigm event to take place, exactly in line with the examples you provided (Bretton Woods & Nixon taking us off the Gold Standard) before anyone knows what the 'new...
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