Archive for September, 2009

  • Guaranteed by the FDIC!
    Posted by on September 30th, 2009 at 3:01 pm, Comments: 0

    The point of my post yesterday about the FDIC was not to point out that the FDIC is broke – everyone knew that. The FDIC’s [...]

  • The Truth – Courtesy of the FDIC
    Posted by on September 29th, 2009 at 3:24 pm, Comments: 0

    Via ZeroHedge, comes a smoking gun release today from the FDIC. I mentioned last week that the FDIC, which is essentially broke (and by the [...]

  • Good Times Never Seemed So Good
    Posted by on September 24th, 2009 at 4:01 pm, Comments: 0

    Was Neil Diamond anticipating the 2008/2009 recession when he wrote Sweet Caroline? “Where it began, I can’t begin to know whenBut then I know it’s [...]

  • You Really Shouldn’t Care So Much About Flash Trading
    Posted by on September 21st, 2009 at 1:58 am, Comments: 0

    disclaimer: do not waste your time getting sidetracked into OTHER aspects of high frequency trading – this post is about one thing: FLASH TRADING. do [...]

  • Marty Up! Ponzi Lives
    Posted by on September 17th, 2009 at 2:29 pm, Comments: 0

    Several years ago, the Big Show and I coined the abbreviation “MARTY UP!” to indicate it was time to implement the Martingale System. Lately, Vegas [...]

  • Your Tax Dollars At Work
    Posted by on September 15th, 2009 at 11:22 pm, Comments: 0

    Please note – this piece is entirely non-partisan. I’m not condoning or criminalizing Joe Wilson’s actions in yelling “You lie!” at President Obama during his [...]

  • Seinfeld?
    Posted by on September 13th, 2009 at 9:14 pm, Comments: 0

    The NY Times ran an article this weekend about protesters rallying against big government, with this picture: I saw the picture of Pelosi with the [...]

  • September 11th, 2009
    Posted by on September 11th, 2009 at 12:27 pm, Comments: 0

    I wrote this piece on September 11th 2006, and this one shortly after September 11th, 2001 “Well starry eyed and laughin’ I recall when we [...]

  • Ponzi?
    Posted by on September 8th, 2009 at 11:15 pm, Comments: 0

    From Wikipedia: The definition of a Ponzi Scheme: “A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own [...]

  • Satire Everywhere – Even Where Unintended
    Posted by on September 8th, 2009 at 2:36 pm, Comments: 0

    The first article I opened this morning was a Bloomberg piece titled “Stocks Cheapest Since ’89 Show Why Analysts Say Economists Wrong on Growth.” I [...]

  • Life Insurance Settlements
    Posted by on September 6th, 2009 at 12:28 pm, Comments: 0

    I read an interesting article last night on NYTimes.com about securitizing life insurance settlements. The gist of the process is this: you have an elderly [...]