:: Saturday, March 13, 2010

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Shutters are closed up and down Main Street but Wall Street is in the money. How could that be? The bull market in stocks has gone farther for longer than I thought possible.
Just surveying the salient points of the economic situation in 2009 led me to a more bearish view. The anti-business party controls the [...]

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The vampire squids of Wall Street and Washington DC are parasitic organisms and you are locked in mortal combat with them.  They desire to suck all the value they can from you and then toss your carcass aside.  As with most parasites they prefer subtle tactics that do not attract attention.
But now the spotlight is [...]

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Treasury Secretary Hank Paulson’s original proposal called for $700 billion to purchase toxic mortgage-backed assets from troubled banks. Other than quarterly reports to various Congressional committees, the proposal specifically allowed no oversight to any actions taken by the Secretary of the Treasury; he asked that the government hand over $700 billion and let him get [...]

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