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.
John Carney
Hot Links: Stock Market MILFs
Hot Links for Weekend Reading… Carney calls ’em out: The Idiot-Maker Rally. (Clusterstock) The bears are running out of ammunition. (Morningstar) The 50 best jobs in America, as ranked by Payscale.com. (CNNMoney) Attention Traders – Here’s the only calendar you need for the coming week: (UpsideTrader) The way of the stoic, learning not to be…
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: 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? …
Breakfast Links: Livermore, Gasparino & the 2nd Ave Subway
Stuff I’m Reading this Morning… Carney may be onto something re: Epstein‘s “Hedge Fund”. The next Ponzi? (Clusterstock) Thank heavens for Greenback’d, a monster list of every activist investor situation going on right now. (Greenback’d) NEXT Financial gets nailed…gotta supervise those OSJ branches, people. (BusinessWire) Charlie Gasparino has a secret un-admirer who thinks he went…
