Dylan Ratigan was one of the very few sane reporters on CNBS. He was shown the door for reasons not disclosed. However, he came back to host a morning show, “Morning Meeting” on MSNBC about 10 months ago.
Listeners of Mohana Murali GaanaLahari know that I strongly believe that President Obama only talks tough and his [...]
I have great respect for Mr. Paul Volker, former Chairman of the Federal Reserve Board. He is widely credited for saving the US financial system from an environment where inflation was 13.5% in 1981 to about 3.3% in two years. He did not bow to business or political pressures and gave the economy the tough [...]
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In the next few weeks we will be hearing a lot about sovereign debt crisis for Greece. Debt crisis is derivatives crisis. Derivatives are Greek — a lot of Greek! I found this simple chart at Zero-Hedge and it explains the ramifications in a decision tree, and in simple English.
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Those who have been following US financial markets for a long time know one thing for sure: markets are manipulated by the money interests. Many savvy investors I know and follow have suspected collusion and conspiracy between the banks and the powers that be. If you are among them, you would be right.
Geithner and his [...]
It has been widely reported that Goldman Sachs got a sweet-heart deal from the bailout arm of the US Treasury, courtesy the then Treasury Secretary Paulson and the NY Fed Chairman, Tim Giethner. Tomorrow’s hearings on Capital Hill about AIG bailout has already shed a lot of light on the skeletons in Goldman’s closet.
I said [...]
This event by itself may not unsettle the credit markets like the news of Lehman Brothers bankruptcy filing did. But it epitomizes the symptoms of this country’s corrupt financial system where excessive credit and leverage has pretty much sucked every last penny out of the system – especially from the hardworking middle class.
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It is irrelevant which party is in power, the modus operandi is the same. Give us what we want, or else markets will tank! What we know from this process is that it is not the elected officials who are in charge. This is no democracy. This is an oligarchy. A bunch of fat cat bankers and large corporations are in charge. Not the Congress. Not the President.
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For several months, the market has been heavily manipulated by the Feds and the influential trading firms on Wall Streets. Now what? Looks like on Friday the market averages retreated to a technical support level (holding the 11-month uptrend line.) The markets may be due for a short-term bounce. But I do think that this may be the beginning of another steep slide in the market.
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This news is at least 10 days old. But it is important enough to share with you. [This story is a bit of an extension on the post that was lost earlier: "Is Geithner Goner?"]
This guy’s name is Stephen Friedman. While he was the Chairman of NY Fed, he oversaw the bailout of Goldman Sachs [...]
I do not have any New Year’s resolutions. Of all the New Year resolutions I have seen so far, the most novel idea that makes sense to me is to boycott big banks and move your money to smaller banks such as credit unions and community banks.
My family always banked with credit unions and a [...]
Time wants us to believe that Bernanke saved us from melt-down, but I think time will tell us a completely different story: Bernanke’s cure is worse than the disease that was ignored even caused/spread by Greenspan’s Fed.
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[Photo courtesy: WSJ]
The year 2009 saw relentless printing by Uncle Ben. He got more than a bit of manipulative helping hand from the Wall Street trading firms, who are the principal constituents of the Fed, the US Congress. Bingo! “Everything is hunky-dory again. The in US markets were “stabilized” in 2009. Indian stocks were essentially [...]
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