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A Banking Model That Works In The Badlands - Home - The Daily Bail - The Bailout News Central Depository. News, Interviews,Videos, Comedy, Songs, Opinion & Analysis

A Banking Model That Works In The Badlands - Home - The Daily Bail - The Bailout News Central Depository. News, Interviews,Videos, Comedy, Songs, Opinion & Analysis
A solution to our problems?

The Crack Cocaine of Auction Sites: Swoopo.com is the most efficient, addictive way to separate people from their money. | The Big Money

The Crack Cocaine of Auction Sites: Swoopo.com is the most efficient, addictive way to separate people from their money. The Big Money
We are all idiots :)

Oscar Mayer, hot dog legend, dies at 95

Oscar Mayer, hot dog legend, dies at 95
Quick poll, who know he was real!

Crazy or Gutsy? The Call for $2 on General Electric (GE) – 24/7 Wall Street

Crazy or Gutsy? The Call for $2 on General Electric (GE) – 24/7 Wall Street
GE has serious problems. If it broke the low it set last time we could see $4 a share but $2 a share would indicate a massive blow to the whole market.

L.A. Targets Cannabis Clubs - WSJ.com

L.A. Targets Cannabis Clubs - WSJ.com
The better question to ask, if the city can support 100's more why close them? You have people who are employed, you have tax revenue from the business, you have income tax from the employees. Why fight this when CA cleary needs every job and income it can get.

Swiss Government Says It Would Seize UBS Data Sought by U.S. - Bloomberg.com

Swiss Government Says It Would Seize UBS Data Sought by U.S. - Bloomberg.com
Still a lot trouble over at the IRS VS UBS.

Trade Update: Container Shipping "A Black Hole of Losses"

naked capitalism: Trade Update: Container Shipping "A Black Hole of Losses"
No green shots here.

Goldman's secret sauce could be loose online; markets beware - Ars Technica

Goldman's secret sauce could be loose online; markets beware - Ars Technica
I like the technical aspect of the case explanation better then the MSM news version.

News from 1930

News from 1930 or 2009?

Finch, Wilson, & Co.: “We believe that many stocks are now selling far
below their real value and that purchases can now be made with a minimum of risk
and a maximum of confidence of higher prices later.”

Iran The Storm Ahead

Faster, Please! » The Storm Ahead
In case you thought it was over.

Bank of America Loses More Money, Obama Will Regret Fake Stress Test

[ The Financial Ninja ]: Bank of America Loses More Money, Obama Will Regret Fake Stress Test
Clearly massive problems remain. If the re-enter the TARP it would be a very bad blow to confidence.

Earnings and PE ratios in the Great Depression

CertainRuin - a stock picker's record: Earnings and PE ratios in the Great Depression
Very interesting read.

The 16th Forbes Cruise for Investors

The 16th Forbes Cruise for Investors
For all my rich investors out there, here is a little vacation idea.

T2 Partners Mortgage Market Update July 2009

T2 Partners Mortgage Market Update July 2009
In short the end is not nigh.

Goldman's Stolen Code Can Be Used To Manipulate Markets

Goldman's Stolen Code Can Be Used To Manipulate Markets
Smoking gun against GS?

Big Banks Don't Want California's IOUs - WSJ.com

Big Banks Don't Want California's IOUs - WSJ.com
Just another deadline. When the IOU"s stop trading (Via brokers) and move below 50% to par that will be the signal the end is near.

Fitch Downgrades State of California GOs to 'BBB'; Maintains Rating Watch Negative

Fitch Downgrades State of California GOs to 'BBB'; Maintains Rating Watch Negative

Another nail in the coffin.

Mexico's Ruling Party Is Seen Losing Ground - WSJ.com

Mexico's Ruling Party Is Seen Losing Ground - WSJ.com
Not good news for Mexico, the former rulers we terribly corrupt. It will also make finding a solution for oil reveune much tougher.

Ron Paul Strikes Gold: Why the oft-marginalized congressman is the greatest threat to Obama’s regulatory plan. | The Big Money

Ron Paul Strikes Gold: Why the oft-marginalized congressman is the greatest threat to Obama’s regulatory plan. The Big Money
We can only hope this passes. There should be no black boxes where Government is concerned.

Morgan Stanley - Global Economic Forum

Morgan Stanley - Global Economic Forum

H. Rodgin Cohen's (Failed?) Quest To Backstop Every Bank... Ever (And Usurp Geithner's Throne)

Zero Hedge: H. Rodgin Cohen's (Failed?) Quest To Backstop Every Bank... Ever (And Usurp Geithner's Throne)
Must read of the day

Despair flows as fields go dry and unemployment rises - Los Angeles Times

Despair flows as fields go dry and unemployment rises - Los Angeles Times
More problems for Calif

Florida aided Allen Stanford, suspect in huge swindle - Florida - MiamiHerald.com

Florida aided Allen Stanford, suspect in huge swindle - Florida - MiamiHerald.com

So if your bank has nice taste in furniture you entrust you life savings, Are your F$#$ kidding me?

''Everything was first class,'' she said. ``We thought our money was
safe.''

The state of Florida would have to grant him the right to move
vast amounts of money offshore -- without reporting a penny to regulators.

Sure this is fine, all the money offshort with no records.

Who the hell was in charge and what did they get paid to let this happen?

Banks Take Aim at Revolvers - Banking - CFO.com

Banks Take Aim at Revolvers - Banking - CFO.com
Here is a key problem. If short Term money is costly business will use it less and therefore have less money to spend on expanding. In short we are in vicious negative loop with no exit in site.

UBS: ‘The disaster in Spain will continue’ - Credit Writedowns

UBS: ‘The disaster in Spain will continue’ - Credit Writedowns
With in a year or two we will see Spain collapase. With that we will see the breakup of the Euro and possible the European union.

Biggest VIX Drop Hides Options Bets S&P 500 Will Fall (Update2) - Bloomberg.com

Biggest VIX Drop Hides Options Bets S&P 500 Will Fall (Update2) - Bloomberg.com
We have gone up to much for such a short period. It is an easy money bet we will make a correction lower.
Disclosure -Short S&P500

Mortgage Loan Losses Nearly 65% For Alt-A

Mortgage Loan Losses Nearly 65% For Alt-A
And still falling.