Goodbye Mr. Lewis

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Oh the tangled web we weave… New York Attorney General Andrew Cuomo is deep into the investigation of the bonus payments passed out at Merrill Lynch just as TARP funds were being handed out and as MER was in front of both a shotgun wedding with Bank of America and a $21 billion pretax operating [...]

February 25, 2009 - Economy, Markets, Politics - 0 Comments

The Decapitation of American Capitalism

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The world is witnessing the decapitation of American Capitalism. Understand that this is not the indictment of Capitalism as an economic system, nor the socialistic hurray following the defete of market economies, but the affirmation of free market capitalism left un-altered. America democratized Capitalism and made it unstable. It created a hybrid system of Capitalism based [...]

October 18, 2008 - Economy, Markets, Politics - 0 Comments

Will the bailout for Democratic Capitalism avert Depression?

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For years US banks and their off-balance sheet subsidiaries originated mortgages with no money down, easy to meet, first year payment terms and then sold them to Fannie Mae, Freddie Mac and Ginnie Mae which guaranteed them enticing worldwide investors to purchase them in the secondary market. These same banks also structured derivative contracts to [...]

October 1, 2008 - Economy, Markets, Politics - 0 Comments

Corrupted Capitalism may sway Election Outcome

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Investors have lost confidence in Lehman and bailed out of its stock driving its price from $80 a share in January to $3.56 a share at the close of the market this past Friday.  The financial crisis of confidence at Lehman arises from its fixed income securities and real estate

September 15, 2008 - Economy, Markets, Politics - 0 Comments

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