RSS Feed for Toxic AssetsCategory: Toxic Assets

President Obama Wants YOU to Make Hard Choices »

President Obama made a visit to Ottumwa, Iowa Wednesday. As reported by Jake Tapper on ABC’s Political Punch: “We’re going to have to make some tough choices” about the deficit and national debt, President Obama said to a crowded gymnasium full of supporters at Indian Hills Community College, after a lengthy riff on how the [...]

VP Biden aka “Carnac” Makes a Prediction on Jobs »

On Friday’s Political Punch, it was reported that Vice President Biden Predicts Massive Job Growth in Coming Months: Usually the Obama administration downplays expectations for job growth, but apparently Vice President Joe Biden didn’t get the memo – or he did, but just blew it off. Well, it wouldn’t be the first time our loquacious [...]

A Real Socialist Explains Why Obama Isn’t One of Them… »

CNN’s John Blake posted an article the other day that is just too rich to let pass without comment. CNN, certainly very Obama-friendly, was probably trying to do our President a solid by posting this piece in an effort to prove to the Tea Party activists and others who are not fans of Mr. Obama’s [...]

Are You “Tea Party” Angry? »

Who’s afraid of a little Tea Party? Everyone, fortunately. So says Kevin O’Brien of The Cleveland Plain Dealer, who correctly points out that while Tea Partiers may lean conservative, they are filled with more anti-incumbent fever (for both sides) than anyone would care to admit: Democratic officeholders should be afraid. Republican officeholders, too. For many [...]

Democratic Women in the Tea Party Movement Bust Another False Media Narrative »

It is shocking that even CNN has reported on Disgruntled Democrats Joining the Tea Party. Shannon Travis’ story quotes two disaffected educated, liberal women and their unlikely path to the tea party protests: Some Americans who say they have been sympathetic to Democratic causes in the past — some even voted for Democratic candidates — [...]

Bill Maher Complains About Obama – Chicken Little, The Sky Has Truly Fallen [Updated with Video] »

Much as I hate giving Bill Maher press, I just can’t help myself. His article, Enough with the Obamathon, appearing in the Friday LA Times, lets us share our first up close and personal glimpse of Mr. Maher’s head exploding as he exhibits growing irritation with his messiah…: President Obama should just join the cast [...]

Elliot Spitzer versus Jim Cramer »

I got bored with fast-forwarding through Hannity last night who devoted an unbelievable 45 minutes (!) to the Miss California non-news story, so I checked out Rachel Maddow. Her guest? The always compelling Eliot Spitzer, whose recent remarks to CNN’s Fareed Zakaria were covered at No Quarter in two posts, the last of which was [...]

Board of Health Condemns Due to Moral Hazards »

The best organizations are managed not only for today but for tomorrow. What do I mean by that? Great organizations assess risks, develop talent, diversify products, and grow market share. Aside from those basic business tenets, the best organizations respond well in times of crisis. Every business and organization is ultimately a reflection of its [...]

Games of Chance: TALF, PPIP, TARP, FDIC, FASB »

In thinking about the economy, markets, and our banking system, my memory brings me back to my early days in New York. While working my way along 8th Avenue back to my apartment in Hell’s Kitchen, I would happen upon numerous versions of the classic NYC “hustle.” The shell game (also 3 card monte) was [...]

The Junk Game Within the Junk Game »

From the John Batchelor Show blog. Susan’s Note:I can’t state enough how important it is to read this article. ………………..^………………..^………………..^……………….. Pirate Bankers Rising. Francesco Guerrera, FT, reported to my financial roundtable on the show, Sunday 5, that the bankers are preparing to game the junk assets on their books.  Here is the part of the [...]

Fox News: Will Hillary Get The Last Laugh? »

“She looks presidential.” No, she doesn’t. Yes, she does! Oh, honestly. Jesus Christ on a pogo stick! BESIDES: I can’t believe how the rightwing has walked right into Obama’s set-up, his favorite play with the magician’s “sleight of hand” to distract people, to keep the rightwing obsessing about brown people in Mexico causing WAR (!) [...]

The Identical Plutocrat Pigs Who Destroyed the Economy Are Eating at OUR Trough Again [Updated] »

The plutocrat pigs are at our trough again, thanks to one Timothy Geithner and one Lawrence Summers. Well, if you have seen my posts featuring interviews or columns by Princeton’s Paul Krugman, Nobel Laureate in Economics, you know Geithner’s “toxic assets plan,” announced Monday under Geithner’s, not Obama’s name, is designed to 1) Avoid any [...]

“The Way to Hell …” »

From Reuters: Geithner’s global dilemma Mar. 25 – U.S. Treasury Secretary Timothy Geithner caused a ruckus in foreign exchange markets after conflicting comments on the dollar’s role as the world’s reserve currency. His comments follow a growing European backlash against parts the Obama administration’s economic revival strategy. Speakers: Mirek Topolanek, prime minister, Czech Republic; Meg [...]

Krugman Pounds Away At Geithner’s Recycled Toxic Assets Plan »

Here’s Paul Krugman, on camera, on Geithner’s “toxic assets” plan, announced Monday: “This is something they can do without legislation. They found a way that they can in effect put the public on the hook for a TRILLION DOLLARS for this stuff without actually getting any approval.” It can be done through the FDIC and [...]