Way short on time after tax meeting with accountant. Just a few quick words.
5 Things You Need to Know - One You Already Did
In today's always excellent column "5 Things You Need to Know" by Kevin Depew of Minyanville, you may have already seen item number 5 if you read last nights post. Mr. Depew was kind enough to read an email I sent to him highlighting the hilarious Yahoo Finance misspelling I was able to capture with Snagit in the 20 or so seconds that it was posted before it was fixed. Very funny.
Thoughts and Prayers for the Bennet Sedacca Family
At first I was very excited that the Yahoo headline mistake was on Minyanville today. As I checked the site I was instantly saddened to learn that one of the authors for Minyanville, Bennet Sedacca had passed away. I have read Mr. Sedacca's writings for some time and he had a special ability to see the big picture clearly. He will be missed.
Please take a moment to say a prayer or form a well meaning thought for the Sedacca family tonight.
Have a good night.
Gysc
ReplyDeleteSorry to hear about Bennet although I didn't visit at site very often what I had seen of what he wrote seemed to be top notch,
I'm moving all of my funds out of my what's left in my 401k into a couple of more IRA's this week. I had a brokerage option so this has been a couple of week process. I hope to get this all done by Monday.
We were 77 yesterday here and 65 today, I got a lot of prep work on the gardens done so the markets have been kind of a sideshow for me at this point.
Kevin
American International Group(AIG.N) funneled over $90 billion of taxpayer bailout funds to various U.S. and European banks, but the biggest beneficiary was politically connected Goldman Sachs Group Inc (GS.N).
ReplyDeleteSuspicions of potential conflicts of interest and favoritism have been fueled by $12.9 billion AIG paid to Goldman Sachs -- where then-Treasury Secretary Henry Paulson had previously worked as chief executive -- in the months after the insurer was rescued by the government last September.
http://www.reuters.com/article/ousiv/idUSN1712706420090317
That's what I'm talking about, AIG bonuses are a sideshow to where the real theft of taxpayer money is going on.
Kevin
Excellent point Kevin.
ReplyDeleteThe Federal Reserve plans to buy $300 billion in Treasury securities and acquire more mortgage and agency debt in an effort to bolster housing and hasten the end of the recession.
ReplyDeletehttp://www.bloomberg.com/apps/news?pid=20601110&sid=ai9ygzsBdynw
Looks like Obama will have someone to pay for his socialized heath care program. Just hope you don't have to eat.
Kevin
Just to be a little annoying to GYC, for fun, here is A Beatles' Guide to the Bear Market:
ReplyDeletehttp://www.minyanville.com/articles/C-jpm-bac-fre-fnm-aig/index/a/21510
GawainsGhost,
ReplyDeleteThat article was written by none other than Bennet Sedacca. Truly a mind we will all miss.
Out of college, money spent
ReplyDeleteSee no future, pay no rent
All the money's gone, nowhere to go
Any jobber got the sack
Monday morning, turning back
Yellow lorry slow, nowhere to go
But, oh, that magic feeling
Nowhere to go
Oh, that magic feeling
Nowhere to go
One sweet dream
Pick up the bags and get in the limousine
Step on the gas and wipe that tear away
One sweet dream came true today
Came true today
Came true today (yes it did)
One two three four five six seven,
All good children go to heaven
--Lennon/McCartney
It's really too bad you can't get into the Beatles, GYC. And, yes, I knew that article was written by Sedacca. I just I'd needle you a little.