As Glaxo SmithKline’s Avandia scandal shows that the drug company knew about heart attack risk but marketed the product anyway, and as the product got past the “over-regulation” of the FDA because they approved Avandia after all, and it’s politically difficult to admit that mistake … as Toyota internal memos reveal that executives considered recall avoidance savings a [...]

With snippets of sound bites, couched in layers of convoluted ulterior motives, FOX NEWS lately has been a surreal form of elevator buzz, humming in the background of reality. Let’s take the SEC charges brought against Goldman, which is getting plenty of mainstream media attention this week. The Foxheads have suddenly turned all their focus [...]

The tiny non-event of the SEC’s fraud charge against Goldman Sachs is gaining surprising traction today. First of all, the charge is really more of a legal “technicality” than a wholesale damning of Goldman’s business practices, and as such is microscopic in comparison to the morally reprehensible behavior of the world’s global CONfidence artists, like Goldman, JP Morgan and their ilk. The charge is [...]

Pahh-ha-ha-hahhh. There IS a GOD. Albeit a mischeivous GOD, as the irony of the SEC pot calling the GOLDMAN kettle black could be the laugh of the decade. It appears that when rats are cornered, they WILL turn on one another. And I wonder how “wonder-boy” GOLDMAN alumnis Adam Storch is going to grease the ropes [...]

So dead on, there’s hardly anything to do but just copy and paste the crux of the post. This is EXACTLY what we’ve been saying since Sept. ’08: Real Lesson of Japan’s Lost Decades The real lesson is no matter how much money you throw around, economies cannot recover until noncollectable debts are written off. That is why [...]

This is the anatomy of the stock market pump and dump scheme known as the DOW, a silly game that has nothing to do with the economy and only exists under the structural flaw of “survivorship bias” (try Googling that one for a definition not watered down by investment banker euphemism). The DOW is no [...]

In case their was ever any question that Bernanke’s liquidity swaps were just the 1st installment in the perpetual European bank bailout (as stated in February) this should help settle all that. For the recovery cheerleaders, always cautiously warning us that, “Things look grrrrrreat, but … there’s still a long road ahead of us”, that extra half trillion the [...]