Rural Mississippi, it’s easier to get washed in the blood than soaked in the sauce. There are more churches than bars… This is the New South.May 23rd, 2013 | Bill Bonner+ | 3 comments | Continued
All Posts Tagged With: "goldman sachs"
“There’s nothing nuthin’ to see here folks… Just another little pile-up of victimless financial crimes.” That’s what the beat cops on Wall Street barked repeatedly last week just after the Justice Department and the SEC dropped their separate criminal investigations of Goldman Sachs.August 16th, 2012 | Eric J. Fry+ | 2 comments | Continued
Derivatives are the “meat and meat by-products” of the financial markets. They look, smell and taste just like regular securities, but almost no one understands why we need them in the first place. After all, what’s wrong with actual meat? Or to re-phrase the question: Is Spam really an advancement over ham?April 18th, 2012 | Eric J. Fry+ | 6 comments | Continued
“Right now bonds should come with a warning label,” opines Warren Buffett in this year’s letter to Berkshire Hathaway shareholders. That seems like a reasonable idea, but why stop there? Why not slap a warning label on each one of Buffett’s public pronouncements as well?March 30th, 2012 | Eric J. Fry+ | 0 comments | Continued
Bernanke says there’s not enough gold (which is money) to satisfy a growing economy. Therefore, a gold standard can restrain economic growth because of the tight rein it imposes on the money supply. Most people instinctively agree with this. But when you think about, you’ll realise such an interpretation is one-dimensional.March 23rd, 2012 | Greg Canavan+ | 3 comments | Continued
Greg Smith is not exactly a prophet…and he probably isn’t a perfect saint. But he seems to know something about the difference between good and bad…between moral and immoral…and between ordinary Wall Street greed and putrid Goldman- Sachs-style greed.March 19th, 2012 | Eric J. Fry+ | 2 comments | Continued
For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Nine Goldman insiders scurried away from their stock as fast as the law would let them.February 7th, 2012 | Eric J. Fry+ | 1 comment | Continued
Matt Taibbi — like many other cynical financial market observers — has learned to regard every pronouncement from Goldman Sachs with suspicion. Recent experience has demonstrated that “tame” and “harmless” are attributes that rarely operate within the Goldman Sachs business model.February 6th, 2012 | Eric J. Fry+ | 0 comments | Continued
Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
As the economy is taken over by zombies, more and more people are needed to do the zombies work shifting more and more of the economy’s output to the insiders.
The insiders rig the system for their own benefit. The rigs each one of them a form of price-fixing or central planning weaken the system. In today’s battle, the insiders fight to protect it.November 24th, 2011 | Bill Bonner+ | 1 comment | Continued
Since the beginning of time, the insiders have always had an advantage. That’s why people want to be insiders; they know that’s where the money is.
In actual fact there’s a very special form of ‘inside trading’ going on where the feds and the insiders work together.November 17th, 2011 | Bill Bonner+ | 0 comments | Continued
Now that the American financial sector is safe and unsound once again, has the threat of serious economic crisis genuinely passed? And has the structure of American capitalism actually improved? Or did the Fed merely dress a sow in lingerie and call her a raving beauty?April 20th, 2010 | Eric J. Fry+ | 2 comments | Continued