[youtube=http://www.youtube.com/watch?v=AspJFkzgwq0] “Buying stocks is a potentially good deal if you’ve got a long term perspective.” President Barack Obama, March 3rd, 2009 OMG, the President of the United States just called a bottom in the stock market! Talking about Price to Earnings multiples and everything! After Obama made the above statement, Henchman Rahm Emanuel started flickering…
March 2009
Lindsey Graham Looking For Zombies
S.C. Senator Lindsey Graham: Is AIG a “Zombie”? Fed Chairman Ben Bernanke: Umm, No. Graham: So if AIG isn’t a zombie, who is? Bernanke: There aren’t any large zombie institutions that I know of. Hey Ben – Reality called, it said to check in sometime, it’s been awhile. What is a Zombie Bank? (The Big…
Ruth Madoff Wants to Keep the Secret Stash House
Sure, let Ruth keep The House that Ponzi Built, the upper east side penthouse Madoff Attorney Ira Sorkin is now claiming is “unrelated” to the fraud charges. Yeah, ok…unrelated! Like the gold and art looted from every corner of Europe by the Nazis and hoarded in Swiss banks was “unrelated” to the genocide. Sure. Ruth’s…
Dow 6800: Free Fallin'
Bet they ain’t cheering now… [youtube=http://www.youtube.com/watch?v=-FqA2WINPF4]
AIG's $60 Billion Loss, Buffett's Mea Culpa
Death is Pretty Final I’m Collecting Vinyl I’m Gonna DJ at the End of the World! – R.E.M. And the Deflation Olympics marches on with a more vicious news cycle this morning than usual. First up, the best-run insurance company on earth, AIG, announces yet another staggering loss for the fourth quarter, this time in…