by Tyler Durden ZeroHedge.com 09/24/2010 It is Friday afternoon, and of course the most troubling news come out. Last week it was that the idiots in charge are raising their stake in Ally to 80%; this week also did not disappoint: the WSJ reports what can arguably be the most important story of the... »
Archive for September 24th, 2010
Three Wholesale Credit Unions Nationalized As US Securitizes $50 Billion In Legacy Toxic Assets; Failure “Sweep Under The Rug” Friday Just Got Real
BP Oil Well Is Dead … But What About the Nearby Seeps?
by George Washington ZeroHedge.com 09/24/2010 Oil-industry expert Bob Cavnar says that the Macondo well is dead. True, there may still be some bubbles leaking: The Rest…HERE Share on Facebook »
7 year-old “covered in blood”, mother with rashes over “entire body” — Tests found elevated HEXANE, xylene, octane from nearby gas well (METHANE)
FloridaOilSpilllaw.com September 24th, 2010 Flight for survival: Toxic emissions force family to leave home, Wise County Messenger, September 23, 2010: Excerpts literally covered my entire body – my scalp all the way down to the bottoms of my feet,” Parr recalled. “I made multiple trips to the emergency room. I had... »
ALL KINDS of sea birds PARALYZED and DEAD near SARASOTA, FL — Doctors raise DISPERSANT… A few miles from where 173 ppm oil found in sand (VIDEO)
FloridaOilSpillLaw.com September 24th, 2010 Dead swans waking up Southwest Florida news rooms? Now asking asking “could it mean the dispersants are here?” Perhaps they’ve also found out about the 173 ppm oil in the sand at nearby Siesta Key. What is making swans sick?, Fox 13 Tampa Bay, September 23, 2010: Transcript Excerpts Dr.... »
The Irish Economy Collapses As A Result Of The Global Financial Crisis
By: Christopher Quigley Market Oracle Sep 24, 2010 “A Guarantee Too Far” Currently the Irish economy is in freefall following the collapse of the real estate market that had expanded ten fold in the decade from 1997 – 2007. The reasons for this “Celtic Tiger” boom are many but in the main it arose... »
The Child of The Mother of All Bubbles
by James Quinn FinancialSense.com Fri, 24 Sep 2010 There is no doubt the home price bubble inflated by Alan Greenspan between 2000 and 2006 was the Mother of All Bubbles. Robert Shiller clearly showed that home prices were two standard deviations above expectations. Despite the unequivocal facts that Dr. Shiller put forth, millions of... »
Army Reveals Afghan Biometric ID Plan; Millions Scanned, Carded by May…(ComingTo Amerika?)
By Noah Shachtman Wired.com September 24, 2010 Scanning prisoners’ irises is just Step 1. In Afghanistan, local and NATO forces are amassing biometric dossiers on hundreds of thousands of cops, crooks, soldiers, insurgents and ordinary citizens. And now, with NATO’s backing, the Kabul government is putting together a plan to issue biometrically backed identification... »
Evidence of Solar Scientists Raise Fears of Imminent Ice Age
By John O’Sullivan Suite101.com Sep 23, 2010 New study by American solar experts identifies a sharp fall in sunspot activity since 2007 that fits the hallmarks of a soon arriving ice age. Solar scientists, not to be confused with climate scientists, study the most important heat engine driving our planet’s temperatures-the sun. Matthew Penn... »
Gold Climbs to $1,300 on Dollar Concern; Silver at 30-Year High
By Nicholas Larkin Bloomberg.com Sep 24, 2010 Gold futures rose to a record $1,300 an ounce in New York as investors sought a protection of wealth and an alternative to a weakening dollar. Bullion traded at an all-time in London and silver reached the highest price since 1980. The dollar headed for a weekly... »
Paul Volcker Delivers Blistering Speech On Money Market Funds, B-Schools, Dodd-Frank, Derivatives:”The financial system is broken.”
Joe Weisenthal BusinessInsider.com Sep. 23, 2010 Paul Volcker — one of the most consistently refreshing members of the administration on economic issues — apparently delivered quite the tub-thumping speech at the Chicago Fed today. WSJ has a recap of some key targets. On B-Schools: “We had all our best business schools in the United... »