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Entry: Wall Street Socialism: How JP Morgan Gained Control Of The Means Of Financial Production
posted by arthurcutten
Apr 02, 2008 12:04PM
What may not be immediately obvious is that the Fed, which was at least putatively a member of the State Casino Commission, admittedly with connections to bankrolling key participants, is now sitting down at the table and playing.
Entry: Bond Insurer To Sue Hedge Fund For Speaking Truth?
posted by arthurcutten
Aug 10, 2008 7:35PM
Mixed feelings. Didn't see the original but I can't believe the Bessmeister had to rewrite it.
We luv Bess. No need to swap jobs with #2. We're all for ya.
Entry: Q&A on WTF Is Going on with Russia And Georgia, Part I: Who Started It?
posted by arthurcutten
Aug 11, 2008 2:52PM
Perhaps a little more discussion about the US role in this would be appropriate. Cheney is involved directly and he rarely is unless it is consistent with his overall agenda.
This discussion barely scratches the surface. Its an old disagreement. Georgia just threw a roundhouse punch using the opening of the Olympics as cover.
Its inconceivable that Georgia undertook this action without informing the US, which is supplying military advisors and logistical support.
Really misses the whole point. Who cares who started it. The real question is why, and what is the endgame? A little personal enrichment on the way out, or something a little more profound?
Entry: Why Did The Treasury Hire Morgan Stanley?
posted by arthurcutten
Aug 13, 2008 1:56PM
Excellent observations. The deal is very odd to say the least and I'm surprised more have not noted it.
Entry: SEC Isn't Backing Cuomo's Settlement
posted by arthurcutten
Aug 14, 2008 12:21PM
Speaking of how corporate interests know how it pays to play games, most US Companies Pay No Income Tax.
Entry: SEC Emergency Short Sale Order Made Markets Worse
posted by arthurcutten
Aug 15, 2008 9:59AM
Seeing that naked short selling is 'illegal' its odd that the SEC bans it for 19 financial stocks, while it does little or nothing in legitimate cases of outrageously obvious naked short selling.
Our cynicism knows no bounds.
Entry: Who Has A Heart Of Gold Even Bigger Than The Hooker's He Banged?
posted by arthurcutten
Aug 20, 2008 12:40PM
Hold out for 100's Bess. You're worth it.
Entry: Senior Yacrosoft Correspondent Travis Says Good-Bye
posted by arthurcutten
Aug 25, 2008 9:52AM
Who is the fashionista, Bess?
lol
Entry: Cost Cutting At Citi All Part Of Master Plan But Not The One You Think
posted by arthurcutten
Aug 26, 2008 3:31PM
Perhaps Citi needs the coin to pay the fine for the charges of widespread theft of customer funds?
http://jessescrossroadscafe.blogspot.com/2008/08/citigroup-settles-charges-of-theft-of.html
Entry: Opening Bell: 09.02.08
posted by arthurcutten
Sep 02, 2008 10:21AM
KDB and the Artifice of the Deal, Part 2
http://jessescrossroadscafe.blogspot.com/2008/09/kdb-and-artifice-of-deal-part-2.html
Entry: We Have Reached A Deal For Lehman, Sources Say
posted by arthurcutten
Sep 14, 2008 10:33AM
The Korean deal for Lehman was never real.
It was an ex-employee helping out an old pal, and maybe trying to get lucky to further some monumental personal ambition.
The government of Korean nixed the deal after they looked at the books, and set the condition that KDB *might* pursue if they could cut their exposure and gain a consensus through a consortium of banks.
The 'bad bank' is obviously the key, and its probably not going to get done without a bigger hair cut on the exposure (if possible) or some left-handed government support. Skip the Fed's balance sheet, look to the FHLB or special faciliites.
Who can say? Letting it fail has a lot of upside politically IF they can contain the aftermath and disposition of assets. Keep in mind all the assets come back to the US from overseas, leaving foreign governments holding the bag for non-client positions and collateral damage.
Entry: The Lehman Effect: Look What You've Done To Dick Bové!
posted by arthurcutten
Sep 15, 2008 6:53PM
Dick Bové = Dick Flambé?
With a side of flaming hog balls.
Entry: SEC: Welcome To Pakistan
posted by arthurcutten
Sep 18, 2008 10:17PM
Tonton Macoutes. LOL Is John Carney Baby Doc?
Bess you are too funny.
I think capitalism died this week. Not sure yet about the constitution.
So let's pour some cheap whiskey and listen to some jazz oldies, because we're sliding into the night
http://jessescrossroadscafe.blogspot.com/
Entry: So Long To All That
posted by arthurcutten
Sep 19, 2008 7:57PM
The new surprise writer is going to be Bess' boss?
What's the over/under on how long before she kills and eats him?
Anyone know what Ben and Hank told the Senators that made them wet themselves in fear? *Serious shit.*
Dodd and others keep dropping little tidbits, but that's the same kind of shit that Tim Russert used to say about his *seriously scary* private briefings with Cheney and W about Saddam and look where it got him.
Entry: So Long To All That
posted by arthurcutten
Sep 19, 2008 9:00PM
OH, here's the scary stuff. figures it would come from some upstart like the NYT now that Carney is out of commission and Bess is busy doing body shots at Joe's American Bar & Grill.
Ben and Hank Scare the congress Shitless
NY Times. Must be true.
don't forget the duct tape.
Entry: Bonus Points If You Can Figure Out Which Hedge Fund*
posted by arthurcutten
Sep 24, 2008 9:06PM
Time to take one for the team, Bess?
Entry: Steve Liesman: Bald, Beard and Bush To Meet Soon
posted by arthurcutten
Sep 29, 2008 3:34PM
A sign of the times
Entry: Score One (Zillion) Points For The Gutless Hypocrites!
posted by arthurcutten
Oct 01, 2008 12:17AM
KILL the BILL v. 2

Entry: Not Enough Cock, Coke or Money: The Few Things That Didn't Suck about CNBC's Seth Tobias Special
posted by arthurcutten
Apr 02, 2008 12:00AM
I loved the article.
Looked the show sucked why beat it to death.
but the commentary. ah!