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I say Apple sold 456 million iPhones.

I am working on my 'Incredibly Inefficient-Market, But Only For So Long' hypothesis. Wish me luck in my bid for the Nobel in Stockholm!

Dejavu all over again. CIT Expects Loss of $1.5 Billion, May Seek Bankruptcy(Update2) Share | Email | Print | A A A http://www.bloomberg.com/apps/news?pid=20601087&sid=aqSnZwE5C3ss By Caroline Salas, Pierre Paulden and Linda Shen July 21 (Bloomberg) -- CIT Group Inc., the...

* JULY 21, 2009, 7:04 A.M. ET Nordea CEO: Banks Will Suffer More Loan Losses By Anna Molin Of DOW JONES NEWSWIRES http://online.wsj.com/article/BT-CO-20090721-705316.html STOCKHOLM (Dow Jones)--The chief executive of the Nordic region's largest bank said lenders have yet...

As Jane's Addiction would scream, "Here we go!" * JULY 21, 2009, 12:51 P.M. ET Regional Banks' Loan-Loss Increases Stir Fresh Concerns By Matthias Rieker Of DOW JONES NEWSWIRES http://online.wsj.com/article/BT-CO-20090721-712545.html NEW YORK (Dow Jones)--Even in...

What would it matter if AIG had NOT been bailed out by the taxpayer? Goldman would not have gotten paid, lawsuit or not. AIG wouldn't have any money to pay them. That's the whole point you seem to be missing. To say they should have "GS and others should have taken it's payment due up...

Excerpt: "Barofsky says Treasury's inaction means taxpayers have not been told what the financial institutions that have received assistance are doing with the money. Rep. Darrell Issa of California, the top Republican in the House Oversight and Government Reform Committee, said that by...

http://www.deseretnews.com/article/705318139/Financial-sector-bailout-tab-at-47T.html Financial-sector bailout tab hits $4.7T By Jim Kuhnhenn Associated Press Published: Monday, July 20, 2009 8:11 p.m. MDT WASHINGTON — The federal government has devoted $4.7 trillion to help the...

I posted this as a separate thread, but Taibbi of Rolling Stone did an provocative expose on Goldman, it's relationship to government, and some of it's more epic machinations of manipulations, going back the era of the Great Depression -...

- FROM ABOVE - BUBBLE #6 Global Warming Fast-forward to today. It's early June in Washington, D.C. Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs — its employees paid some $981,000 to his campaign — sits in the...

- FROM ABOVE - BUBBLE #5 Rigging the Bailout After the oil bubble collapsed last fall, there was no new bubble to keep things humming — this time, the money seems to be really gone, like worldwide-depression gone. So the financial safari has moved elsewhere, and the big game in the hunt...

- FROM ABOVE - Illustration by Victor Juhasz As is so often the case, there had been a Depression-era law in place designed specifically to prevent this sort of thing. The commodities market was designed in large part to help farmers: A grower concerned about future price drops could...

- FROM ABOVE - Illustration by Victor Juhasz Not that Goldman was personally at any risk. The bank might be taking all these hideous, completely irresponsible mortgages from beneath-gangster-status firms like Countrywide and selling them off to municipalities and pensioners — old...

- FROM ABOVE - CFTC chief Gary Gensler and fellow Goldman Sachs alumn and current Treasury chief of staff Mark Patterson are helping the investment bank get back to its old business Goldman Sachs successfully navigated the bailout era. Photo: Olson/Getty For a bank that paid out $7...

-FROM ABOVE- They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society...

The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again. MATT TAIBBI Posted Jul 13, 2009 1:49 PM...

You can fool some of the people all of the time. You can fool all of the people some of the time. But you can never, and I mean never, fool all of the people all of the time. This market is headed for a shattering crash of epic proportions. 'Efficient Market' hypothesis is bunk, so...

Mark these words carefully, and then wait and see: The answer is because the herd is being prepped to be culled. If that sounds melodramatic, that's not my intent, but my conviction seeping through. Cheers.

By the way, j, I do think Jeb will make a run in 2012, no matter what he says now, so to the extent you're serious, I say good call. Jeb was always the one being groomed for a run at the big prize, so I imagine he resents how things have played out. Jeb is carrying the weight of his...