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- States may hold onto tax refunds for months
- ECONned: The Book
- Harry Markopolos on The Daily Show with Jon Stewart
- 'Cash for Keys' Deals Helping Homeowners Escape Debt
- Ratigan And Spitzer Discuss Repo 105, Conclude "Civil Cases Will Be Brought"
- It’s Déjà Voodoo Economics... All Over Again
- Monsanto, Big Ag, Get Warning From Obama Administration
Economy
States may hold onto tax refunds for months (mhoop)
States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls.
ECONned: The Book (Davos)
'Cash for Keys' Deals Helping Homeowners Escape Debt (joemanc)
Jon Daurio, chief executive officer of mortgage investor Kondaur Capital, recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house. With the exchange, and a pay-off to a second-lien holder, Culver was freed of $120,000 in crushing mortgage debt on the house, said Daurio, who had bought the right to cut the deal when he purchased the mortgage months earlier. The house, after repairs, is now on the market for $47,500.
Ratigan And Spitzer Discuss Repo 105, Conclude "Civil Cases Will Be Brought" (Erik T.)
It’s Déjà Voodoo Economics... All Over Again (Erik T.)
The financial industry often prides itself on the hindsight principle. We may not predict the future with great accuracy, but when things fall apart we’re very quick to explain why and how it happened with authoritative aplomb. "Hindsight is 20/20", as they say. But is it really? Despite our seemingly thorough analysis of past failures, the financial industry seems to have an uncanny ability to make the same mistakes over and over again.
Environment
Monsanto, Big Ag, Get Warning From Obama Administration (mhoop)
[Monsanto], the Creve Coeur-based company, which has helped pioneer the use of genetic traits in seed to help farmers control weeds and ward off pests, has already acknowledged that it received a formal request for information from the Justice Department as part of an ongoing probe of the seed industry.
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Comments
As the Lehman story continues to unfold, ZH has another outstanding piece. Don't miss this one: http://www.zerohedge.com/article/how-leh...
Erik
Crap Erik. I wish I had read that last night. I hate starting a day POd.
Thanks from the Beautiful Blue Ridge Mountains, Tycer
Don't worry, Tycer, it's OK...
You are feeling that this is such an eggregious outrage that the world will stop, the markets will correct, and life will never be the same after the big scandal that's been revealed.
But sleep soundly, my son. Tomorrow will come, nobody will have noticed, and the system will march on unaffected by this overwhelming evidence of Watergate-scale government corruption. Think of it as dumbed down, post-American Idol USA. Comfort can be found in the fact that nothing that has been revealed will be taken seriously or even noticed by the MSM. All is well. As Britney Spears said, "Why doesn't everybody just trust the President?"
Erik who is 6,597 miles from the nearest U.S. coastline, but who's counting...
Despite having been plainly exposed for lying to congress by Bloomberg here: http://www.bloomberg.com/avp/avp.htm?N=v..., I predict Fuld will never have a charge levied against him, and that nobody in SEC or Treasury will be fired or even reprimanded.
But don't forget to report your staurday night poker winnings as income, else the IRS will hunt you down and nail your ass!
Erik
Despite having been plainly exposed for lying to congress by Bloomberg here: http://www.bloomberg.com/avp/avp.htm?N=v..., I predict Fuld will never have a charge levied against him, and that nobody in SEC or Treasury will be fired or even reprimanded.
But don't forget to report your staurday night poker winnings as income, else the IRS will hunt you down and nail your ass!
Erik
As the Lehman story continues to unfold, ZH has another outstanding piece. Don't miss this one: http://www.zerohedge.com/article/how-leh...
Erik
I grow tired of being the banker's bidet.
Captain Sheeple
Dick Fuld lies to Congress, FRBNY,SEC,Chris Cox, Timmy Geithner, screwing the taxpayers? This sounds like a conspiracy theory to me and should be relegated to the basement.
On top of which this is old news. What inquiring minds want to know is what do they have in store for us now?
V
" You are certainly right there is much to be earned from a government which has no money." James Rothschild to Nathan Rothschild Dec. 18, 1815 " Only the small secrets need to be protected. The big ones are kept secret by public incredulity" Marshall McLuhan
Hee Hee.
Thanks from the Beautiful Blue Ridge Mountains, Tycer
Here is a particularly well done piece by Dylan Ratigan of MSNBC laying this whole mess out: http://www.informationclearinghouse.info/article24980.htm