tag:blogger.com,1999:blog-1207581886255094115.post5909815825081780458..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: Playing Musical Chairs of the Deck of the RMS TitanicEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1207581886255094115.post-22238073281934529422009-04-21T08:09:00.000-04:002009-04-21T08:09:00.000-04:00The U.S. Treasury's plan to purge toxic assets fro...The U.S. Treasury's plan to purge toxic assets from banks' balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government's bailout watchdog said on Tuesday.<br /><br />Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP), said in a report that subsidies for public-private investment partnerships (PPIP) to buy assets could expose taxpayers to higher losses without corresponding increases in the potential for profit.<br /><br />"Aspects of PPIP make it inherently vulnerable to fraud, waste and abuse, including significant issues relating to conflicts of interest facing fund managers, collusion between participants and vulnerabilities to money laundering," said Barofky's second quarterly report since he took office in December.<br />http://www.reuters.com/article/ousiv/idUSTRE53K0KX20090421<br /><br />One of the good guy's, I'm glad to see that there are still a few left.<br /><br />KevinAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-1085572284470381302009-04-21T01:50:00.000-04:002009-04-21T01:50:00.000-04:00Just wait until I buy on Friday then it will go ba...Just wait until I buy on Friday then it will go back down right after I walk out the dealers door.<br /><br />G<br /><br />PS: ARMSTRONGAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-11238642084758225062009-04-20T22:13:00.000-04:002009-04-20T22:13:00.000-04:00Great financial sense piece, but.....
every time I...Great financial sense piece, but.....<br />every time I read about these huge US dollar settlements and reduction of US debt holdings I always ask myself "what would that look like in the real world?" and as yet nothing can confirm such a move. This does not disprove, but only argues against. <br />Todays action may have killed my gold entry at sub $800 and silver at sub $10! Thanks alot market!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-56383484049059998242009-04-20T22:06:00.000-04:002009-04-20T22:06:00.000-04:00I am on countdown to the Bahamas on Saturday the 2...I am on countdown to the Bahamas on Saturday the 25th till the next Saturday! <br />I will check out the FS piece. I really liked tonight's blog myself!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-75119333611079234462009-04-20T22:04:00.000-04:002009-04-20T22:04:00.000-04:00Chinese Government economist, Yu Yongding said tha...Chinese Government economist, Yu Yongding said that the current strong demand for US Treasury products has provided China with an opportunity to make a partial withdrawal from the market - People's Daily<br /><br />Yeah.Lisanoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-65139599097100315712009-04-20T21:12:00.000-04:002009-04-20T21:12:00.000-04:00Read Financial Sense wrap-up tonight by Ron Kirby....Read Financial Sense wrap-up tonight by Ron Kirby. Fed Reserve has been monetizing without telling :) Great charts, too. Loved your post tonight GYSC, aren't you going to the tropics soon?Lisanoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-75062695095834641972009-04-20T20:35:00.000-04:002009-04-20T20:35:00.000-04:00Funny! Bring on the permafrost!Funny! Bring on the permafrost!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-22748085049988924712009-04-20T20:18:00.000-04:002009-04-20T20:18:00.000-04:00WATCHTOWER HEADLINE NEWS reports:
"Icy North Wind...WATCHTOWER HEADLINE NEWS reports:<br /><br />"Icy North Winds From The Blogosphere Stunt Growth Of Newly Emerging Green Shoots"watchtowernoreply@blogger.com