Since neither the construction nor the operation of TARP or its sister programs was constitutional to begin with, it is an absurdity to argue that the addition to this program of a new recompensatory feature violates the constitution. This would be like arguing about what color a unicorn’s tail is supposed to be.
Clusterstock
Finance Blogger Feud Week
So apparently, this is Finance Blogger Feud Week! Get your programs! Last week’s Felix Salmon versus Zero Hedge dustup was merely a prelude for what was to come to this week. Two biggies to report so far:
Hot Links: Warren G, Bill Clinton & the Facebook IPO
Hot Links for Weekend Reading… What agreements and tangible progress came out of the G-20? More than you think. (DealBook) News to me! Those who are dying to get in on the Facebook IPO have an extremely early and expensive option. (Clusterstock) Talking capitalism and entrepreneurship with Bill Clinton and friends. (Forbes) Gangsta Rap legend…
Hot Links: Bizarro FDIC
Stuff I’m Reading this Morning… Dollar down, stocks and commodities _____? Yeah, yeah, you know the rest. (Bloomberg) Story of the Day: Bizarro FDIC to borrow money from…The Banks! (NYT) This was fascinating: World economies and where we are on the productivity curve. (Clusterstock) Maryland is the most moneymaking state in the US. (CNNMoney) John…
Hot Links: Phonehenge
Hot Links for Labor Day Reading… The 8 worst mutual funds that should be dumped now. (Morningstar) John Carney on the Kudlow Report talking about the FHA’s financial condition. (Clusterstock) Speaking of the FHA, Trader Mark sees some ominous signs in the default rate of loans. (FundMyMutualFund) Did inflation help bring down the Roman Empire? …
Hot Links: UNG, AT&T and Wal-Mart People
Hot Links for Weekend Reading… Think bankers are in low regard now? In 16th century Holland, they were banned from the church and treated like pawnbrokers and brothel keepers. (CreditSlips) Happy bicentennial to Elbridge Gerry, the man who ran the dollar printing presses to pay for the Civil War. (NYT) Big PR problems for AT&T‘s…
Hot Links: Jim Chanos, Steven Seagal & the Zombie ETFs
Stuff I’m Reading this Morning… Abnormal Returns covers the concept of Zombie ETFs…a new development for this industry. (AbnormalReturns) Ain’t no party like a RothCap party ’cause a RothCap party don’t stop. (NYP) Not all bailout CEOs are created equal: Benmosche (AIG) vs Pandit (Citi). (BreakoutPerformance) The league tables for inflation rates throughout history…cool. (InfectiousGreed)…
Hot Links: Gartman, DeLong, Merkel & The Big Dogs
Stuff I’m Reading this Morning… On tap today: New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here. (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund. (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight. (Clusterstock) Bernanke to get the…
Hot Links: Monday Morning
Stuff I’m Reading this Morning… READ THIS FIRST: Marla Singer submitted this op-ed to the New York Times, which they probably will never run. (ZeroHedge) Americans are no longer the big spenders in this world. (SmartMoney) Fellow inmates say Bernie Madoff is dying of cancer in prison. (NYP) Steve Forbes has a new book out…
What Your Favorite Blogs Said at the Bottom
The S&P 500 and Dow Jones Industrial Average bottomed out at around 666 and 6500 respectively on Friday, March 6th of 2009. Just for fun, and because it’s been too hot to go outdoors, I thought I’d take a look back at what my favorite financial bloggers were talking about as we stared into the…
