Monthly Archives: November 2011

Judge Jed Rakoff – American Hero – Is America awakening ?

A judge on Monday used unusually harsh language to strike down a $285 million settlement between Citigroup and the Securities and Exchange Commission over toxic mortgage securities, saying he couldn’t tell whether the deal was fair and criticizing regulators for … Continue reading

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Obama is playing politics with voters – what else is new

Why did President Obama delay the TransCanada XL pipeline decision to 2013. The pipeline slated to cross through Nebraska was to be approved and construction starting in 2012. ¬†Environmentalist mounted a spirited attack to thwart a project that would bring … Continue reading

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S&P is muzzled

S&P says it will not cut the US credit rating based on the failure of supercommittee to reach a debt reduction deal. The S&P downgraded US debt in August 2011 due to US debt ballooning out of control easily blowing … Continue reading

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Have we learned nothing from the past

“The arrogance of officialdom should be tempered and controlled, and assistance to foreign hands should be curtailed, lest Rome fall.” – Cicero , 55 BC

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Euro – What next?

Europe remains in denial. It is facing a systemic crisis which now threatens the Euros very existence. Italy is now the poster boy for the debt crisis. Soon enough, the citizens of Europe will come to realize they have been … Continue reading

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To Big to Bail (TBTB)

It has become obvious that Greece will be leaving the Euro, they will walk away from the debt they have amassed. The Irish and¬†Portuguese¬†are taking a different root, they have so far agreed to take on the debts that went … Continue reading

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