Meltdown

[Coopmv]

DM,  I certainly hope there will be more bankruptcy filings among the MLB teams.  It is just absurd that MLB players make an average of $1MM a year and there are many mediocre players out there.  Pay-for-performance not only does not exist in corporate America, it has not existed in MLB for a very long time ...

Chicago Cubs file for Ch. 11 to speed team's sale

[Coopmv]

So what is so big deal about two consecutive quarters with 0.1% GDP growth each.  This will be considered economic expansion according to the textbook definition of recession.  The Democrats could be toast IMO come next November. 

Survey: Most economists see recovery beginning
Survey: US economists say recession is over, predict moderate, slow-paced recovery

[Mozart]

http://www.youtube.com/watch/v/IwkUJZjpwOY

[Coopmv]

http://www.youtube.com/watch/v/IwkUJZjpwOY

Indeed, so what?  How well you do really depends on what you actually own and don't forget your investments (401K or otherwise) probably lost anywhere from 30-50% since 2007 until this past March to begin with.  It will be a while before people can even break even ...

[Coopmv]

DM,  These greedy bastards on Wall Street need to be reined in big-time.  Obama has been a major disappointment, lots of thunder but no rain.  Unfortunately, the financial industry has paid off his party big-time ...

Billionaire among 6 nabbed in inside trading case
Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case

[Coopmv]

Bring back the Glass-Steagall Act and break up these banks ...

Bailout Helps Revive Banks, and Bonuses

[Coopmv]

Give him a shovel and have him do some serious hard labor without pay for the next 24 years ...

Florida man sentenced to 24 years in prison for defrauding investors of $44M in Ponzi scheme

[Coopmv]

DM,  Will that number hit 100 before the end of October?

Calif. bank becomes 99th in US to be shut in 2009

[Coopmv]

DM,  An excellent analysis can be found in this article.  Fannie Mae and Freddie Mac are the biggest bunch of BS's.  A government sponsored entity that is also a stock company should NEVER have existed in the US, which considers itself as the ultimate of capitalism.  Such animal should only exist in China, which can then sucker in the equity investors.  Unfortunately, I doubt there is any will in this administration to completely privatize these two agencies and cut off the government sponsorships ...

The Mortgage Crisis: U.S. vs. Denmark, Part II

[Coopmv]

DM,  Forget the red states vs the blue states.  Green is the color all corrupt politicians like and there are too many of them in Obama's own party ...

ALL BUSINESS: Banks' lobbying blitz threatens overhaul of financial regulations

[Coopmv]

British economy between a rig and a hard place

[BachQ]

British economy between a rig and a hard place

London Times: -- UK's national debt is 3-times the official number @ £85,610 per household, & 157% of GDP

link

[BachQ]

OIL=$80


link

[BachQ]

U.S. Foreclosure Filings Jump 23% to Record in Third Quarter ... "The problem is prime loans going into foreclosure and people being underwater and losing their jobs," Richard Green, director of the Lusk Center for Real Estate at the University of Southern California in Los Angeles, said in an interview. "It's a really bad number."

Mounting foreclosures mean U.S. home prices probably will resume falling, analysts from Amherst Securities Group LP in New York said Sept. 23. A "shadow inventory" of 7 million properties are in the foreclosure process or likely to be seized, up from 1.27 million in 2005, they said

link

[karlhenning]

Yo, dm! How are you doing?!

[Coopmv]

The lobbyists are the cancer of the American society ...

Some bailed-out firms spent less on lobbying federal government in 3rd quarter

[BachQ]

Greetings, Karl.

UK Telegraph: Russia's bad loans predicted to reach at least 25%, and possibly 40%.

[BachQ]

Gloomy times ahead for China -- China faces a major slowdown in the growth of its economy as investment spending loses its momentum and consumer spending fails to offset that, according to a new report from the Monaco-based investment gurus Pivot Capital Management.

[Coopmv]

Gloomy times ahead for China -- China faces a major slowdown in the growth of its economy as investment spending loses its momentum and consumer spending fails to offset that, according to a new report from the Monaco-based investment gurus Pivot Capital Management.

Folks at Pivot Capital Management should have a debate with Jim Rogers, the ultimate China bull who believes nothing can go wrong with the central kingdom ...

[BachQ]

DM,  These greedy bastards on Wall Street need to be reined in big-time.  Obama has been a major disappointment, lots of thunder but no rain.  Unfortunately, the financial industry has paid off his party big-time ...

Billionaire among 6 nabbed in inside trading case
Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case

Coop, the justice department used wiretaps for the first time in an insider trading case, but nevertheless, the billionaire is claiming innocence.  Most of the investors in his hedge fund want to exit, and are demanding redemptions.

Bring back the Glass-Steagall Act and break up these banks ...

Bailout Helps Revive Banks, and Bonuses

This is sickening ... yet, the Americans allow for this to continue without protest.  Wall Street owns Washington, and capitalism has lost its soul.