Fannie And Freddie Are The Real Budget Busters, And They're Spending Money To Preserve An Accounting Fiction

Fannie And Freddie Are The Real Budget Busters, And They're Spending Money To Preserve An Accounting Fiction
All Money pits are good money pits :)

TARP Watchdog: Don't Be Fooled By The Calm, Banks Will Be Rocked By 2011's $300 Billion Commercial Real Estate Time Bomb

TARP Watchdog: Don't Be Fooled By The Calm, Banks Will Be Rocked By 2011's $300 Billion Commercial Real Estate Time Bomb

Must read of the day

Greece much worse, Goldman to blame???

http://www.spiegel.de/international/europe/0,1518,676634,00.html

Things look worse in greece, not a good sign.

Crazy People

http://www.businessinsider.com/ayatollah-khamenei-iran-set-to-deliver-punch-that-will-stun-the-west-2010-2

Wow what a week....

History does not repeat it only rhymes...

http://www.businessinsider.com/biggest-bet-against-the-euro-in-its-history-as-investors-short-currency-2010-2

Holy Cow, it is 1992!!! For currency fans you remember when Soros almost broke the bank of england by shorting the pound. Looks like we are about to see something fo down in Europe!

The Times of Monday, October 26, 1992, quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell.