Lehman’s CEO Richard Fuld
Hours after Lehman filed for bankruptcy, Brooklyn artist Geoffrey Raymond debuted a painting of CEO Richard Fuld outside Lehman’s Manhattan offices. Passersby and Lehman workers penned their thoughts on “The Annotated Fuld,” which Raymond sold for $10,000.
10 DAYS THAT SHOOK WALL STREET:
MAIN STREET STANDS UP TO WALL ST.
(Fortune) — “In one [...]
He always does.. funny the people who are crying the loudest or just plain silent are the people who are heavily invested in the stock market. I’m happy they’ve had the excess dollars for investing in Blue Chip Stock, Annuities, Mutual Funds, Pension Funds, 401Ks ensuring their comfortable retirements.
Apparently, Kucinich [...]
DOJ may open Investigation into Obama’s use of Law Enforcement to Quell Critics: Posted by MacRanger
JEFFERSON CITY – Gov. Matt Blunt today issued the following statement on news reports that have exposed plans by U.S. Senator Barack Obama to use Missouri law enforcement to threaten and intimidate his critics.
“St. Louis County Circuit Attorney Bob McCulloch, [...]
Barack Obama played the “me too” game during the Friday debates on September 26 after Senator John McCain mentioned that he was wearing a bracelet with the name of Cpl. Matthew Stanley, a resident of New Hampshire and a soldier that lost his life in Iraq in 2006. Obama said that he too had [...]
BREAKING: PAUL NEWMAN DEAD AT 83..
NEW HAVEN, Connecticut – Paul Newman, the Academy-Award winning superstar who personified cool as an activist, race car driver, popcorn impresario and the anti-hero of such films as “Hud,” “Cool Hand Luke” and “The Color of Money,” has died, a spokeswoman said Saturday. He was 83.
Newman died Friday after [...]
McCain is much better on relating historical facts than Obama could ever be. Obama is consistently redundant on the only two presidents he seems to be aware of…Reagan and FDR.
Obama stretches a statement to the breaking point until fantasy trumps factual Truth. The first statement made by Obama regarding [...]
A $100,000 state grant for a botanic garden in Englewood that then-state Sen. Barack Obama awarded in 2001 to a group headed by a onetime campaign volunteer is now under investigation by the Illinois attorney general amid new questions, prompted by Chicago Sun-Times reports, about whether the money might have been misspent.
The garden was never [...]
NOT THE OUTCOME HE WAS EXPECTING? “For eight years the nation has been run by a cabal of out and out thieves, who set out from the first day to look out for the Haves and Have-Mores. Those people, and their business, matters to this cabal. No one else matters. Period.
The public face put on [...]
UPDATE:
Bailout Could Deepen Crisis, CBO Chief Says Asset Sales May Lead to Write-Downs, Insolvencies, Orszag Tells Congress
The director of the Congressional Budget Office said yesterday that the proposed Wall Street bailout could actually worsen the current financial crisis.
During testimony before the House Budget Committee, Peter R. Orszag — Congress’s top bookkeeper — said the [...]
BACK TO THE NEW DEAL: RESTORE THE UPTICK RULE
Another example is the uptick rule. This New Deal measure meant that it was illegal to sell a stock short if it were continuously in decline. The speculator had to wait until there was an uptick, meaning a trade in which the stock in question increased [...]
“INVESTMENT BANKS” DRIVE UP THE PUMP PRICE OF GASOLINE
Let us now leave behind the category of the commercial banks and move on to institutions like Goldman Sachs and Morgan Stanley, the stock jobbing operations or counting houses that like to call themselves investment banks these days, even though they do not have the status [...]
DERIVATIVES ARE USELESS AND A THREAT TO CIVILIZATION
You cannot eat derivatives. You cannot live in a derivative. You cannot wear derivatives as clothing, nor can you drive a derivative work. You cannot sail in them or fly in them. They cannot be used as tools of any useful trade. They [...]
COMMERCIAL BANKS ARE INDISPENSABLE
It is of course true that the healthy functioning of the United States economy requires a viable and flexible system of commercial banks. No one should doubt the necessity of commercial banks. Andrew Jackson was clinically insane on this point, and he still has not a few followers around today. [...]
Senator McCain: Just say “no” to the Wall Street bailout!
Will be a Smart Move on McCain’s part. The Movers and Shakers of Wall St. are Obama’s Masters. Let their self-appointed King bail them out of the mess of their own making.
I have several economic expert contributors e-mailing me with sage advise at this historic [...]
Citizens Will Condemn Anyone Who Backs Paulson Bailout Swindle
(from the comment section, Mr L writes a strongly worded warning to Congress)
The strongest warning to date, to any member of Congress who goes along with the Henry Paulson bailout swindle. “If the swindle goes through, you are finished, and the United States is done for. Are [...]
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