Yes my fellow Americans, you can once again count on $3.25 per gallon gas this summer, since the TARP money stolen from your 401K, your future tax obligations and your future standard of living have been used once again by GOLDEN SACKS to fuel the commodities rally they are making 900 billion from - leaving you with [...]

Why should anyone be surprised that the banks want to launder their toxic assets for profit (guaranteed by U.S. taxpayers) though PPIP? Wasn’t that always Geithner’s intention anyway? Wasn’t that why he wanted Sheila Bair out of the way, so that when they went to the FDIC to have their fraudulently underwritten, bogusly rated securities blessed she wouldn’t be [...]

We have been told by mainstream media for a while now that we are experiencing a recession. It seems as if “that’s our story and we’re sticking to it”, but back when the media was struggling to define its label the question was asked: “Is this a recession or a depression?” and quite a bit of babble was devoted [...]

Anyone reading even a handful of posts here probably senses my concern over Barack Obama, the decisions he has made, and what appears to be an inconsistent and even incompatible series of statements, decisions and policies by the “President Obama” that seem to conflict with the ideologies of the “campaigning Obama”. Most observers attribute this flaw of [...]

It really is past the time of discussing Health Care “reform” on this blog. The problem has been that the spin coming out of the OMB is so absurd that a “settling” of the dust of insanity needed to take place before articulating the true lunacy of the Obama administration’s approach. The biggest danger is this behaviorist geek Orszag, spouting [...]

What does it matter which domino toppled which in the deleveraging derivatives casino? Let’s not overcomplicate the obvious. You can Rob Peter to pay Paul, but in the final analysis, a bailout is a bailout, is a bailout … We can deliberate over bailing out all the various players along the chain of deleveraging bets from private sector businesses to [...]

Kudo’s to MattlinPatterson Advisors chairman Mark Patterson for exposing ”Tiny” Tim Geithner, and to ZERO HEDGE, The Analytic and Naked Capitalism for copying the text of the article before telegraph.uk pulled the link. Because the text may dissapear elsewhere (as may Mr. Patterson) we’ve copied it below: Mr Patterson said the US Treasury is out of its depth [...]