RSS Feed for Wall StreetCategory: Wall Street

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 [...]

Fed Chairman Ben Bernanke on GDP And The National Debt »

I think we are in for a world of hurt. So does Chairman Ben Bernanke:

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 [...]

Where is Wall Street Hiding Hundred Plus Billion in Lo$$es? »

Banks are increasingly healthy, right? Our nation’s accounting rules promote real transparency and integrity in our financial reporting, right? Housing is bottoming, right? No, no, and no! Why so pessimistic, you may ask? I am not pessimistic at all. I am merely searching for the truth in the midst of the smoke and mirrors on [...]

Elizabeth Warren Exposes Jamie Dimon »

How is it that some people are able to aggressively promote the virtues of truth, transparency, and integrity within our financial system while others would seem to talk a good game but do not truly walk the walk? The key, in my mind, is that the former are not beholden to a constituency focused on [...]

State Of The Lobbyists Is Better Than You’d Think After The SOTU »

Jon Stewart had Harvard Professor, Elizabeth Warren on recently to discuss TARP and Wall Street. It was an interesting interview, to be sure (h/t to Pat), and provided a historical perspective: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

Taking Turns Going Nowhere »

When it involves two cats giving their all in an attempt to climb up the slippery slope of a kiddy slide, it is entertainingly cute. (See video here) When it involves main street families trying to scramble up and out of an increasingly homeless, jobless, and saving-less recession, and they are not given the same kind [...]

“The Backlash Is Coming…” »

One of the worst things about the 2008 election – aside from the obvious of Hillary Clinton being unceremoniously pushed aside in favor of a disingenuous, inexperienced candidate with elastic policies – is that her supporters were likewise treated with horrid disrespect. We were told our concerns didn’t matter. We were told we didn’t matter. [...]

British Taxman Whacks ‘The City’ »

You’re a mean one, Mr. Grinch…!! Are British bankers headed to the pub early today to drown their sorrows? Little doubt, as the Chancellor of the Exchequer Alistair Darling (British equivalent to Treasury Secretary Tim Geithner) announced that year-end bonus pools for British banks will be hit with a one-time, top line tax of 50%!! [...]

No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Bill Venezia, Tonight at 8pm »

Promo Bumped Down: The Nov. 22nd show has concluded by you can listen via BlogTalkRadio or iTunes (using our instructions in the right column. There is no doubt we are navigating a challenging, if not treacherous, economic landscape. As with any challenging trip, prudence dictates we utilize all resources at our disposal. That said, there [...]

Liu Mingkang Provides Sense on Cents »

With friends like this, who needs enemies? That trite saying is far too simplistic in defining the diverse and convoluted nature of U.S.-Chinese relations. That said, as President Obama prepares to arrive in the People’s Republic of China for the first time during his Presidency, he is faced with an extremely aggressive overture from Liu [...]

NY Yankees Win 27th World Championship, and the USS New York »

(Yong Kim/ MCT) Due to the tragic events at Fort Hood yesterday, this post was delayed out of respect for those who were lost and wounded. Our thoughts and prayers are with their families, friends, and all those serving at Fort Hood. Bleary eyed, but sated with my celebratory Belgian pecan waffles, turkey link sausages, [...]

“Low, Low, Low, Low, Low,Low, Low, Low…” »

Since Obama likes Rap so much, I figured a title taken from Flo Rida’s “Low” song would be the perfect title for Obama’s current poll ratings. Let’s put it this way: they could be better. In fact, they could be a LOT better. You know, this is when the politician claims that s/he doesn’t pay [...]

Attorney Richard Greenfield Brands Mary Schapiro and FINRA Execs as “Liars” »

Is Mary Schapiro a liar? Are other FINRA executives also liars? Fully appreciating that merely asking these questions is aggressive by its very nature, I do not ask them in a derisive fashion. The fact is, the answer to those questions in the eyes of Richard Greenfield is an unequivocal, “Yes!” Who is Richard Greenfield? [...]

Kaptur and Johnson Detail Wash & Wall Dysfunction »

US Rep. Marcy Kaptur (D-OH) and Former International Monetary Fund chief economist Simon Johnson discussed the state of the economy on Bill Moyer’s Journal and it is must see video (more below the fold). Even though this is something I read and write about regularly, it is shocking to hear just how dysfunctional Washington and [...]