The Really: After weeks of doom and gloom and skies falling Wall Street decides the guy many people want th have fired is a hero? Dow gains 497 points on details of the toxic asset plan from the office of the much maligned Tim Geithner who goes from goat to hero by proposing a deal [...]
The Really: What happens to Wall Street moneymen who commited the greatest crime against the US in its history…namely the destruction of free market capitalism? The Chinese will send executives to death for corporate malfeasance. What happens to American executives?
The Really: Late breaking news from CNBC shows that the Citi never sleeps when it is trying to put together a deal to save itself. Breaking now: Citi is trying to work with the Government to sell assets or receive a bailout-in (or “out” as you prefer) but the situation is fluid. (The mind boggles [...]
The Really: Neel Kashkari (Assistant Bailout Czar) needs a bailout from the crazy mean Congressmen today. Congressmen tear Neel a new one. Video to follow.“I assure you the secretary is passionate about this,” Kashkari said.“Passionate about what?” Kucinich said.“About helping homeowners,” Kashkari replied.“Where?” Kucinich asked, sarcastically. “What country?”“We are using all the tools available to [...]
The Really: Working girls can’t catch a break. The latest victims of the nasty economic downturn are brothels in Nevada. No wonder they voted their pocketbooks.
The Really: The scariest thing you can dress up as for Halloween is Alan Greenspan? Mask above. Today in front of a Congressional committee, Alan Greenspan, the architect of free markets in America and the world in our lifetime is “shocked” that banks did not regulate themselves and their own risk. If Greenspan had lived [...]