Blog Archives

Is Corzine cooked? When did he find out and what did he do when he found out?

MF Globals Jon Corzine testifying under oath said he was not aware that customer segregated funds were removed and transferred out of customer accounts prior to the Oct 30th, 2011 bankruptcy filing. Some are making a big deal of CME executive … Continue reading

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European Crisis – Lets get on with it

Now that European leaders convince themselves that they have cobbled together a pact to save the Euro and Europe itself, it will only be a matter of time until the crisis resumes. Germany has lost its power and has basically … Continue reading

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Americans slumber while MF Globals Jon Corzine goes before the U.S. House of ill Repute

MF Globals Jon Corzine is going before a U.S. House of Representatives committee to explain how he bankrupted MF Global Holdings Ltd. This is the most serious collapse of a futures trading house on record. It further highlights the holes in the … Continue reading

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European Banks on Verge of Collapse.

In a blatant attempt to stave off another European bank failure, the U.S Federal reserve and 6 other western central banks joined forces to cut the cost of emergency U.S. dollar lending rates and swap rates for European banks. It … Continue reading

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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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