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Tag Archives: paulson

  • Podcast

    David Stockman: We’ve Been Lied To, Robbed, and Misled

    And we're still at risk of it happening all over again
    by Adam Taggart

    Saturday, March 30, 2013, 4:42 PM

    19

    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

    In his upcoming book, The Great Deformation, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

    By manipulating the price of money through sustained and historically low interest rates, Greenspan and Bernanke created an era of asset mis-pricing that inevitably would need to correct.  And when market forces attempted to do so in 2008, Paulsen et al hoodwinked the world into believing the repercussions would be so calamitous for all that the institutions responsible for the bad actions that instigated the problem needed to be rescued — in full — at all costs. 

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  • Blog

    Daily Digest – September 2

    by Davos

    Wednesday, September 2, 2009, 1:54 PM

    0
    • Countdown To Dollar Implosion Madness (H/T Jag)
    • Paulson told this person (who is writing a biography, apparently) that he intended to use the TARP money to inject into the banks and not buy toxic assets a full ten days before he testified before Congress
    • TrimTabs’ CEO Charles Biderman Discusses Massive Insider Selling
    • ROFL! China Tells IBs: Stuff It!
    • Seller, beware: Feds Cracking Down on Secondhand Sales of Some Products
    • Is Your State’s Unemployment System in Danger? (Map H/T www.TheComingDepression.com)
    • Robert Kiyosaki: Preparing for the Worst
    • Mothballed Ships
    • And so it begins…
    • Interview with Barney Frank (Video)

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  • Blog

    In Their Own Words – Economic Quotes

    by Chris Martenson

    Saturday, May 16, 2009, 4:28 PM

    0

    One of my favorite internet articles of all time, entitled "Pompous Prognosticators," placed quotes of various politicians and other authority figures across a chart of the Dow Jones, spanning the years 1925 to 1933. A portion of that article is located here.

    Here’s an image from the original article to jog your memory, in case you can’t recall which article I am referring to:

    I loved that article when it came out, and still love it today, because it reveals that nothing has changed through the decades and that believing the self-interested pronouncements of "green shoots" can be hazardous to your wealth.

    So I decided to recreate that effort but update it for our modern times. Let’s continue to update this chart over time and see where it goes.  The people at Lowesville will recognize the work below, because I presented it there, along with a lot of other new information, inlcuding the Crash Course Toolbox, which is a main feature of my in-person seminars.

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  • Blog

    Daily Digest – Apr 3

    by Davos

    Friday, April 3, 2009, 2:46 PM

    0
    • Mark-to-market is dead
    • Geithner On Ousting CEOs, Reviving Economy
    • G20 summit: European demands threaten to wreck deal
    • UN chief says crisis could result in failed states
    • China agrees on need for co-operation
    • G20 Summit must focus on Derivatives, Off-Balance-Sheet Vehicles
    • Did Larry Summers fire derivatives whistleblower at Harvard
    • The Beast Screams to Be Fed
    • Obama Pushing "Quick, Surgical" Big Auto Bankruptcy Fantasy
    • What Was Going on Inside the Paulson Treasury?
    • Auto Sales (Chart, March ’09 vs. March ’08)
    • Top 10 Things the Letters "GM" Stands For

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  • Blog

    Daily Digest – Mar 27

    by Davos

    Friday, March 27, 2009, 4:43 PM

    0
    • ‘I’m having a very good crisis,’ says Soros as hedge fund managers make billions off recession
    • In Goldman Sachs We Trust
    • Rahm Emanuel’s profitable stint
    • Gregg: U.S. couldn’t even join EU due to debt levels
    • Soros Says Commercial Property Values Will Fall 30%
    • UN panel touts new global currency reserve system
    • When Giants Fall Presentation Online
    • Video: Geithner calls for single agency to oversee systemic risks
    • Space storm alert: 90 seconds from catastrophe

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  • Blog

    Daily Digest – Jan 17

    by Davos

    Saturday, January 17, 2009, 2:26 AM

    0
    • Paulson Predicts Banks Are Done For, Shares Drop 
    • Stimulus may bolster dairy industry 
    • Famine USA—7 million dead (1930s Depression) 
    • Clear channel plans revamp
    • Hertz to cut more than 4,000 jobs 
    • Layoff Watch: 11,000 From GE (GE)? 
    • Circuit City to liquidate remaining US stores (34,000 Employees) 
    • Astonishing Worker Layoff Count Today 
    • Rescue of U.S. banks hints at nationalization 
    • Calif. tax refunds to be delayed starting Feb. 1
    • Stimulus plan repeals big tax break for banks 
    • Report: Over 8 in 10 corporations have tax havens 
    • Harsh turn of fortunes for 2 huge U.S. banks  
    • Citigroup Splits Into Two After Losing $8.3 Billion 
    • Paulson, Bair Raise ‘Aggregator Bank’ for Toxic Debt  
    • Foreclosure Heat Map
    • 2009 Bank Failure #1: National Bank of Commerce, Berkeley, IL 
    • Umpqua Bank Acquires the Insured Deposits of Bank of Clark County, Vancouver, WA (Failure #2, 2009) 
    • Can You Help?

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  • Blog

    Daily Digest – Jan 9

    by Davos

    Thursday, January 8, 2009, 11:59 PM

    0
    • Obama taps spending watchdog, eyes Social Security
    • Obama calls for a whole new approach to end crisis
    • Obama warns of dire consequences without stimulus
    • The end of the financial world as we know it (hat tip Luke)
    • Obama assembles powerful west wing (Where is Chris Martenson?)
    • TARP wiped out by downgrades
    • Huge mortgage rally…
    • Same stores sales… down, but not out
    • MBA says commercial real estate market coming under pressure
    • Commercial property loses shelter
    • Flight to safety in 09, USD, gold, Euro, Yen
    • Paulson speaks (video)
    • Joseph Stiglitz and Martin Feldstein discuss stimulus (Charlie Rose video)

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  • Blog

    Daily Digest – Jan 8

    by Davos

    Thursday, January 8, 2009, 2:13 AM

    0
    • CBO projects $1.2 trillion deficit for 2009 
    • Congressional Budget Office The Budget and Economic Outlook
    • Obama: Financial Markets Face ‘Substantial Overhaul’
    • Paulson Says GSEs Should Become Public Utility-Like Firms 
    • Fed faces tough task ending emergency support
    • The Fate of Paper Money 
    • U.S. debt is losing its appeal in China  
    • Government Panic Could Herald Dollar Panic 
    • Detroit School Lacks Toilet Paper, Light Bulbs 
    • FACTBOX-U.S. economic report shows poor hit hard 
    • Budget gloom will toughen resistance to stimulus 
    • CNN to Air Timely Documentary and Discussion About U.S. Economic Challenges 
    • Real-Estate Executive Found Dead in Apparent Suicide 
    • U.S. companies face $409 billion pension deficit: study 
    • Italian Pensions Sapped by Private Funds Bush Backed
    • Gold Demand (Chart) 

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  • Blog

    Daily Digest – Jan 4

    by Davos

    Sunday, January 4, 2009, 5:21 PM

    0
    • 2008 Job Losses Probably Worst Since 1945: U.S.
    • Barons Video: Stay Away from Treasury Bonds
    • Upgrading The US Energy Grid: A Trillion Dollar Problem?
    • Paulson says crisis sown by imbalance
    • Commercial real estate in for tough 2009  

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