This weekend the Bush administration proposed a 700 billion dollar bailout of bad mortgage debt to unfreeze the credit markets in the United States. Some members of Congress even argue that this bailout is not big enough. Through all of the arguing between how big or small the bailout should be the talk has been [...]
Archive for the ‘Everything’ Category
Wall Street’s 700 Billion Dollar Bailout
Posted in Economics, Everything, tagged 700, Bad, Bailout, Bank, Billion, Budget, Bush, credit, debt, deficit, Depression, Economy, Energy, Faulty, Federal Reserve, Financial, Firms, Fiscal, Fixing, Food, gas, George, Gold, Henry Paulson, inflation, Junk, Lehman Brothers, main, monetary, Money Supply, Mortgage, Oil, policy, Price, Recession, Standard, states, street, united, wall on September 22, 2008 | 1 Comment »
The Politics of a Pump and Dump
Posted in Everything, Frauds on June 2, 2008 | No Comments »
mPhase Technologies, a developmental stage hi-tech company has some exciting products they claim to be working on. One of the featured technologies they proudly mention on their website is the magnetometer. The magnetometer is similar to something you would see in an unrealistic film sci-fi movie. Of course this technology is “real”. [...]
Irresponsible Compensation at Societe Generale SA
Posted in Everything, tagged bonus, compensation, coverup, futures, generale, leverage, loss, risk, sa, societe, trader on May 23, 2008 | No Comments »
Societe Generale SA is a prime example of how a corporate culture can lead people to make extremely poor financial transactions. Jerome Kerviel was the name of the futures trader who helped cover up some very large trading positions that led to a $7 billion loss. Kerviel’s trading results for the year had a direct [...]
Iran’s President Wants it Both Ways
Posted in Economics, Everything, Politics, tagged ahmadinejad, commodity, currency, depletion, dollar, economic, fiat, global, inflation, iran, mahmoud, monetary, national, Oil, opec, peak, policy, president, states, united, us on April 19, 2008 | No Comments »
The associated press came out with a staggering report out of Iran this morning. Iranian President Mahmoud Ahmadinejad declared $115 barrel oil “too low”. He said, “The oil price of $115 a barrel in today’s global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value.”
He also claimed [...]
Big Oil Once Again Abused by Congress
Posted in Everything, tagged alternative, big, chevron, Commodities, company, congress, ed, Energy, Ethanol, exxon, gas, gasoline, hearings, heating, hydrogen, markey, massachusetts, mobil, natural, Oil, peter, pfizer, robertson, states, taxes, united, yield, Politics, congressional, conspiracy, exxonmobil, us, pollution, fuel, industry on April 12, 2008 | No Comments »
Once again as prices at the pump skyrocket big oil executives had to defend themselves against critics in Congress. These hearings aren’t a surprise though. Every time gasoline prices make a big move to the upside Congress howls in anger pointing the finger at an “Oil Company Conspiracy”. Of course any rationally minded human being [...]
Reflections on the US Dollar, Fiat System, and US Monetary Policy
Posted in Everything on December 19, 2007 | No Comments »
Following articles on the US dollar throughout the past several months, I’ve encountered a wide range of very mixed opinions. Reading primarily the New York Times business section, some columnists make the case for why the US Dollar is going to go lower and some say a weak Dollar is good for the United States. [...]
Yellow BRK’er Party Invitation to All Berkshire Shareholders
Posted in Everything on November 24, 2007 | No Comments »
Yellow BRK’er Party Information Details (Friday, May 2, 2008)
Yellow BRK’er Party Information:
2008 Meet & Greet Happy Hour
Date: Friday, May 2, 2008
Time: 4:00 pm - 7:00 pm
Place: DoubleTree Hotel, Omaha
Berkshire Hathaway shareholders from all online communities are welcome.
If you feel most comfortable wearing a suit, go for it. With that said, it’s Omaha; please feel under [...]
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Recent Posts
- Wall Street’s 700 Billion Dollar Bailout
- Looks Can Be Deceiving
- Obama on Oil
- The Politics of a Pump and Dump
- Irresponsible Compensation at Societe Generale SA
- Iran’s President Wants it Both Ways
- Seth Klarman at MIT Sloan
- Big Oil Once Again Abused by Congress
- Dominion Homes Takes Buyout Over Bankruptcy
- Reflections on the US Dollar, Fiat System, and US Monetary Policy
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