by John Bougearel - author of Riding the Storm Out
From Michael Kranish, staff writer from the Boston Globe, - “Just months before the start of last year’s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its [...]
Entries from January 2009
Pension Fund Managers Lose Sight of its Role as Fiduciaries
January 31st, 2009 · No Comments
Tags: Uncategorized
Taxpayers will no longer be forced to invest in Trash, govt now to just give our money away
January 30th, 2009 · No Comments
Well, if you thought it made no sense whatsoever for the govt to force taxpayers to invest in trash, guess what, now you don’t have to! Now, they tell us we are going to be making forced charitable contributions. You can bet your bippy, I will be deducting these charitable contributions from my taxable income!
From [...]
Tags: US Treasury
Rob Johnson’s Congressional Testimony Shut Down by Melissa Bean after 5 Minutes
January 30th, 2009 · No Comments
by John Bougearel
Let us begin by noting that Melissa Bean is a Pro-growth Democrat, like her counterpart Barney Frank. This pernicious group of democrats are a malevolent force against middle class America. With folks like Bena and Frank in charge, the hollowing out of the middle class is assured.
The Rob Johnson testimony in question regards [...]
Tags: Uncategorized
Lawrence Summers Longs for Folly of Yesteryear
January 29th, 2009 · No Comments
As Obama prepares to implement the part II of Paulson’s TARP I, his top economic advisor wants to restore a flawed economic model that brought America to its knees. Only in America, right?
The focus for TARP II Summers says has shifted from stabilizing the financial system to getting people to spend again.
“The focus isn’t going [...]
Tags: US Treasury
Geithner Unconscionable Faux Pas Committed on Chinese Yuan
January 29th, 2009 · No Comments
“Obama — backed by the conclusions of a broad range of economists — believes that China is manipulating its currency,” Geithner told Senators in written testimony. “The question is how and when to broach the subject in order to do more good than harm.” Obama’s team will “forge an integrated strategy on how best to [...]
Tags: US Treasury
Oh - Bad Bank - Ma Ought to take a Cue from Meridith Whitney
January 29th, 2009 · No Comments
John Bougearel
O-badbank-ma ought to take a cue from Meridith Whitney who opined. “Simply removing ‘toxic’ assets from bank balance sheets will not directly cause banks to increase lending,” Whitney wrote in a note today. The banks likely won’t participate in selling assets if the Obama administration wants to pay fair market value for the assets [...]
Tags: stock mkt
Economists Raised Expectations are Striking Out with the Sept data
January 29th, 2009 · No Comments
John Bougearel
Because the August Economic data was upbeat, what did economists do with their expectations for the September Economic data. After they thought about it long and hard, they raised their month over month expectations.
Geez, Louise, sometimes, it seems that collectively economists are the dumbest people on earth. I used to reserve that moniker for [...]
Tags: Uncategorized
WSJ reports more Bankster Stress-Test Results
January 28th, 2009 · No Comments
Every day there is a new leak out of Washington it seems. Why even set a May 4 “stress-test” release date. The leaks themselves are frustrating for those of us who appreciate knowing when and where a curve ball is going to be released so we can hedge it.
I can’t wait until this crap is [...]
Tags: US Treasury



