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Wed, Jul. 8th, 2009, 12:13 pm
spitzcor: Matt Taibbi knows what's going on

Man, someone just sent this link to me: http://buffalobeast.com/137/taibbipaulson.html

jrockytop sent me another Taibbi link the other day although I haven't read it yet, it looks awesome: http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine

But based off the first link this guy is worth reading.

Sun, Mar. 15th, 2009, 04:36 pm
genericambition: Nassim Taleb

What do you guys think of Prof. Taleb's ideas?


I kinda like his stuff. I don't think he's 'that' groundbreaking in the sense that I think that a lot of his ideas are similar to that of Karl Popper's stuff. Then again, Popper's fund didn't make a $100M during our current financial crisis.

That and I like anti-intellectuals and anti-academics.

Mon, Mar. 2nd, 2009, 08:41 pm
kidbluegrass: How to get a (small) piece of the TARP!

Well, I was sitting around singing the TARP song the other day, trying to figure out how to get myself a piece of the TARP. That's a massive amount of money, so I should be able to get a little bit of it at least!

So, here's what I came up with:

The interest rates on my cash accounts are pathetic since the Fed lowered their overnight rate to 0% (free money... wonder how I can borrow at that rate?) Anyway, my tax-free money market account is only paying 0.27%. But my ING direct account is paying 1.83% (a lot better but still low.)

So I noticed that GMAC's online bank (which works like INGdirect) is paying 2.75% interest! Here's a company that hasn't made a profit in many quarters... so how are they paying that kind of interest? You guessed it! It's from TARP!!!!

So, you can get a slice of TARP by just signing up and getting an account! Plus, you don't have to worry about them going under since our government are bailout bandits! Our government savants will end up bailing out FDIC anyway... So, I'm not worried about putting some of my money there... I'm not going to set around in a low yield account when I can get me some TARP!!!!

Sat, Jan. 24th, 2009, 03:21 pm
kidbluegrass: I want some TARP!

Mon, Jan. 12th, 2009, 11:11 pm
kidbluegrass: Swan song

"...I was concerned that the credit freeze would cause us to be headed toward a depression greater than the Great Depression... That is what I was told if we didn't move, therefore we have moved aggressively. By the way it just wasn't with the TARP, think about AIG, Fannie and Freddie... a lot of the decisions that were made in this administration are very aggressive decisions all aiming at preventing the financial system from cratering."

Thu, Dec. 4th, 2008, 07:06 pm
kidbluegrass: Fred has figured it out!

Fred Thompson knows the score! He's hilarious! The video starts out kind of slow, but he had me laughing pretty good by the end.

But, I hope they don't fill in the money hole (that link is probably not safe for work Cory... they open with the s-word...) :-)

Wed, Nov. 12th, 2008, 12:20 am
kidbluegrass: Bailoutrage

I call Shennanigans!

Sat, Nov. 1st, 2008, 12:17 am
reclusive_brian: (no subject)

Some good stuff from Schiff on Obama and also the Auto industry.
I wonder what the auto industry will look like in 5 years.

Mon, Oct. 27th, 2008, 06:23 pm
kidbluegrass: Buy and hold....

S&P 500 closing price October 27, 1998: 1,065.34

S&P 500 closing price October 27, 2008: 848.92 (-20%)

Buy and hold... so easy a caveman could do it...

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