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The phony Senate health care reform bill
I will limit my comments in this post since I am so thoroughly disgusted with Washington’s giveaways to special interests. But I have to bring up health care reform and its likely non-impact on improving American’s economic situation…
Gulf states agreement to enter currency union seen as dollar threat
The last I had heard about a prospective Gulf currency union came yesterday morning in a note by Marc Chandler who is the Chief Strategist at Brown Brothers Harriman’s FX group. He indicated that he was more optimistic about a Gulf…
U.S. forfeiting billions in future taxes to let Citi repay TARP
The Washington Post is reporting that the federal government has quietly decided to exempt Citigroup from a large future tax bill in allowing it to exit the TARP program. This is a backdoor bailout worth billions and is an outrage…
Gasparino: No woodshed for the fat cats, just a lovefest
Max Keiser and Yves Smith pointed me to an article by frequent CNBC contributor Charlie Gasparino on Obama’s fat cats meeting. I love Yves’ feigned surprise. Here are a few excerpts from Gasparino followed by a link to the full article.…
2009: Best Business Blogs
Business Pundit has published the most comprehensive list of best blogs in the business and finance space. They cover accounting, advertising, career issues, economics, finance and more. We are pleased to have made the cut amongst…
House flipping back in vogue in North County San Diego
Good times are here again in residential property. House flippers are back and have now moved to foreclosure auctions. Below is a house that was bought in foreclosure at $945,000 in November and is now on the market for $1.4 to 1.5…
Christmas spirit Wall Street edition
Source Tom Stiglich – Journal Register Newspapers See the Disney version via Scrooge McDuck here. Bah, Humbug.
Financial News: 2009-12-15
Swedes want to join euro - Independent.ie Spain tops ‘misery index’ - Independent.ie (Misery loves company, though.) Capital One, Discover credit-card charge-offs rise | Reuters RBS CEO Hester Attacks ‘Politicization’ of Bank…
News from around the web: 2009-12-15
In Corsica, Pigs Roam, Bulls Fly -- And People Get Out of the Way - WSJ.com (Page one in today's WSJ) Other articles Democrats Drop Plan to Expand Medicare - WSJ.com Roy Greenslade: Buffett - my newspaper ownership is not…
Bank collapse in Austria brings debt in Eastern Europe center stage
In the links yesterday, I pointed to an FT article detailing the Austrian government’s nationalization of the insolvent bank Hypo Group Alpe Adria (HGAA). The financial institution, which has 40 billion Euros in assets, is the country’s…