People pointlessly milling up and down Wall Street
Steve Forbes (you probably know the magazine?) has an opinion on what caused the financial crisis, or as it's now known, the 'economic reality.' His theory is one I hadn't heard before, and let's face it Forbes knows his stuff.
Have you every heard of mark-to-market or fair value [...]
My stimulus package
If you've been criticising U2 for using standard business practices to increase their profits, then you have to ask yourself some pretty hard questions.
If U2 are morally bound to pay the maximum taxes here in Ireland, why exactly should that be the case? To help our poor old Ireland? As anyone who has [...]
Wednesday, November 12, 2008
Who's the clown now?
We've all debated the famed US$700Bn bailout ad nauseam, but unbeknownst to us another larger one has slipped under our radar. Maybe we're too tired after McCain/Obama to care. But let's plough on regardless.
Emergency loans spread over 11 programs have allowed the Federal Reserve to funnel enormous amounts of cash to Wall [...]
Thursday, October 9, 2008
[Video of Paulson in March]
The cupboard is bare and the emperor has no clothes.
They're out of real money. All they can do is print as many promissory notes as they possibly can before the whole lot hits a zero value.
AIG is back for more. $37.8bn following $85bn last month. Why don't they just give them [...]
Wednesday, October 8, 2008
This is your pension
Will this $700bn bailout work? No and why should it, the last one didn't. It's the current U.S. administration's last ditch attempt to raid the cookie jar and treat their Wall Street buddies before the election next month.
And let's be clear about this. The U.S. government is not giving anyone any money–because [...]
Saturday, September 27, 2008
The current banking crisis and bailout in the United States is recast in the form of a Nigerian scam email:
This is a matter of great urgency. We need a blank check. We need the funds as quickly as possible. We cannot directly transfer these funds in the names of our close friends because we are [...]
Wednesday, August 20, 2008
The Penguin
Most observers of the Bush White House will be aware of the firm Halliburton and its ties to VP Cheney.
In 1995 the multi-billion dollar oil services company hired Dick from the U.S. Department of Defense as CEO (with no business experience) and with his assistance quickly moved up the ladder from 73rd to 18th [...]
How to think like Wall Street.
