John Bougearel
Turns out according to soures with knowledge of the situation that Citigroup employees can sell their 2009 bonus shares in April 2009, “providing shareholders approve the scheme.” The bonus shares in effect are almost as liquid as cash bonuses, given the lockup period is only three months long. So, the govt has approximately 40 [...]
Entries from January 2010
Citigroup Employees to add Significantly to Overhead Supply in April 2010
January 27th, 2010 · No Comments
Tags: citigroup
Paul Kanjorski claims “we would not be sitting here today” if we didn’t save the economy from “total annihilation and disaster”
January 27th, 2010 · No Comments
John Bougearel
So, it would appear that these hearings on Geithner’s role in the AIG bailout and tampering of disclosure documents is being used to craft a message to the public that it was only through the heroic actions of our policymakers at the height of the crisis that we are still here today.
Kanjorski closed his [...]
Tags: AIG · Federal Reserve · Geithner
Jim Bianco ponders Bernanke’s reappointment and concludes Senators are not scared enough not to vote NO
January 25th, 2010 · No Comments
John Bougearel
Under normal considerations, this week the market would simply focus on the FOMC statement and adv-GDP. But this week is far from normal. The Geithner hearings on Jan 27 should be the backdrop to the Bernanke reappointment which will take front and center stage.
A cloture vote to [...]
Tags: Federal Reserve · bernanke
Bernanke Denies Fed Role in Housing Boom, Projects Blame onto Regulation
January 3rd, 2010 · No Comments
From Bloomberg,
“The best response to the housing bubble would have been regulatory, rather than monetary,” Bernanke said today in remarks to the American Economic Association’s annual meeting in Atlanta. The Fed’s efforts to constrain the bubble were “too late or were insufficient,” which means that regulatory actions “must be better and smarter,” he said.
Bernanke said [...]
Tags: Federal Reserve · bernanke



