Archive for September 16th, 2011

by Tyler Durden ZeroHedge.com 09/16/2011 As we have been pointing out since the beginning of the week, the one defining feature of the past 5 days has been a relentless short covering rally. And while the mechanics were obvious, one thing was missing: the reason. Well, courtesy of David Rosenberg’s latest, we may now... »

By Sy Harding FinancialSense.com 09/16/2011 As the downturn worsened severely in 2008, governments around the world finally jumped in with massive panicked rescue efforts. In March, 2008 there was the $29 billion bailout of Bear Stearns, in May the $178 billion in stimulus checks to consumers, in July the $300 billion for at-risk homeowners,... »

Where are all the convictions? By James J Puplava CFP FinancialSense.com 09/16/2011 Where are all the convictions? The S&L Crisis was the last major case of domestic fraud resulting not only in major U.S. bank failures but also thousands of convictions across the financial industry. However, today’s crisis is vastly bigger, with many more... »

LoneStarWatchdog.com Friday, September 16, 2011 What really turned me off with professional football when they had a commercial where Terry Bradshaw and his other fellow football gladiators were allowed to walk past the TSA showing the their Super Bowl rings while the average person was being abused like it was funny. I did not... »

by Antonia van de Velde CNBC.com Friday, 16 Sep 2011 A collapse of Europe’s monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC late on Thursday.... »

By: Patrick Allen CNBC.com Friday, 16 Sep 2011 There was talk of an event risk going into Thursday’s market open, and the speculation proved correct. CNBC.com After UBS announced it had lost $2 billion due to an alleged rogue trader, the world’s major central banks stepped into the void created by the euro zone... »

BY ERIN EINHORN AND CORKY SIEMASZKO NyDailyNews.com Friday, September 16th 2011 Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn’t get serious about generating jobs. “We have a lot of kids graduating college, can’t find jobs,” Bloomberg said on his weekly WOR radio show. “That’s what happened in Cairo.... »

by Brandon Smith from Alt Market ZeroHedge.com 09/16/2011 There are two mainstream market assumptions that, in my mind, prevail over all others. The continuing function of the Dow, the sustained flow of capital into and out of the banking sector, and the full force spending of the federal government are ALL entirely dependent on... »

Scheme designed to lead to program to inject sulphur into upper atmosphere to ‘prevent global warming’ Paul Joseph Watson Prison Planet.com Friday, September 16, 2011 Despite the pseudo-science of global warming being discredited with each passing day, scientists are preparing to field test an “artificial volcano” which is eventually intended to lead to mammoth... »

by Tyler Durden ZeroHedge.com 09/16/2011 As the Eurozone prepares for the Ecofin meeting in Poland, where the consensus among Unicredit, Barclays, and BNP analysts and pretty much everyone else is that there would be a discussion for the EFSF to be leveraged under a TARP-like solution, the three Eurostooges, Juncker, Rehn and Trichet have... »