Category Archives: financial crisis

Economic Stimulus Tops $920B

Posted on February 5, 2009 by ChrisA

Yikes… President Obama’s economic stimulus plan has topped $920 billion after the Senate agreed Wednesday to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry. The tax break adds $20 billion to … Continue reading →

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Makes me wanna puke

Posted on February 2, 2009 by ChrisA

Gawd, you can’t make this stuff up. New York’s Charles Rangel and five other Democratic members of the House enjoyed a trip to the Caribbean sponsored in part by Citigroup (see above) in November – after Congress had approved the … Continue reading →

Posted in Culture of Corruption, financial crisis, stoopid politicians | Leave a comment

Californians, do NOT overpay your state taxes

Posted on January 29, 2009 by ChrisA

Taxes on “hold” in California. Your idiotic government has been out of money for some time… California has had no money in its general fund for the past 17 months, and has been paying its bills by borrowing from Wall … Continue reading →

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DO NOTHING even HARDER

Posted on January 28, 2009 by ChrisA

Especially when doing something, according to the New York Times is… The stimulus bill working its way through Congress is not just a package of spending increases and tax cuts intended to jolt the nation out of recession. For Democrats, … Continue reading →

Posted in Boulder is stoopid, financial crisis, stoopid politicians | Leave a comment

DO NOTHING

Posted on January 28, 2009 by ChrisA

There’s a group that believes the best medicine is doing nothing. Most of Washington has reached quick consensus: Government must do something big to shock the economy, and it should cost between $800 billion and $900 billion. But dissident economists … Continue reading →

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ACORN and Government Stimulus

Posted on January 28, 2009 by ChrisA

Gawd you gotta love these guys. Stimulus: The group that pushed banks into the risky loans that brought the economy down is now eligible for a huge chunk of stimulus cash. The stimulus plan does create jobs — for community … Continue reading →

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Fannie and Freddie back at the trough…

Posted on January 27, 2009 by ChrisA

Time to hang these boys out to dry. Perhaps when we do that, they will acknowledge the political pressure they received to increase the amount of sub prime loans in their portfolio to grotesquely high levels. Of course, who is … Continue reading →

Posted in Culture of Corruption, financial crisis | Leave a comment

Earth to Citigroup

Posted on January 27, 2009 by ChrisA

You just don’t get it do ya? Apparently the dismissal of John Thain went right over your heads? I’m going to by some stock just to vote against you stoopid idiot assholes. At least they gave up their 2008 bonuses!

Posted in Culture of Corruption, financial crisis, stoopid investment bankers | Leave a comment

I forgot

Posted on January 27, 2009 by ChrisA

Geez, I gotta try that next time I get audited.

Posted in ethics, financial crisis | Leave a comment

Chinese, Japanese, Saudis and US debt

Posted on January 26, 2009 by ChrisA

Will the above mentioned countries continue to “play the game”? Will THEY sacrifice since we won’t? When will they get sick of the US $?

Posted in decline of the west, financial crisis, gold | Leave a comment

Timothy Geithner == Idiot

Posted on January 25, 2009 by ChrisA

Let’s see, Mr Geithner… 1. Hired an illegal alien2. Cheated on his taxes taxes3. TARP fund was his idea (certainly he can’t take full credit for that!). He doesn’t have the trust and credibility to be Treasury Secretary. Also, good … Continue reading →

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Longmont near “breaking point”

Posted on January 24, 2009 by ChrisA

Longmont Times call reports that the Longmont is near the “breaking point”. I’m not impressed. Here are some snippits… This makes sense too me… “Let’s look at it realistically, not with rose-colored glasses but not with the outlook that the … Continue reading →

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California IOU’s

Posted on January 17, 2009 by ChrisA

Darren complains… I have to pay my taxes on time, or people with firearms come take me to jail. But if the state owes me money, an IOU is considered acceptable. Sure can’t blame him. Give the state a loan … Continue reading →

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Seagate to lay off 800

Posted on January 13, 2009 by ChrisA

This evening Seagate announed a 10% cut of their domestic workforce (~ 800 people). I must say I’m surprised by the small size of the RIF. I can only hope that the bulk of the downsizing is from the ranks … Continue reading →

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Bailout: Financial system working bassackwards

Posted on January 12, 2009 by ChrisA

… according to Jim Rogers. When businesses fail the competent people are supposed to take over from the incompetent ones. Instead, the government is taking money from the competent people and giving to the incompetent people to continue running their … Continue reading →

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Seagate “hits”

Posted on January 12, 2009 by ChrisA

I’ve noticed a lot of hits from Seagate folks in Minneapolis, San Francisco and a few from Colorado. Having worked in the disk drive industry I realize it’s a tough industry and although I’m not particularly sympathetic with Seagate top … Continue reading →

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Seagate layoffs imminent

Posted on January 12, 2009 by ChrisA

The only surprise here is the length of time it took management to finalize the layoffs. One can only hope there is plenty of management included in the RIF. Watkins notes that the company will announce a restructuring sometime this … Continue reading →

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Where is Seagate going?

Posted on December 31, 2008 by ChrisA

Disk drive company Seagate has had their debt downgraded to junk status. High quality junk, but still junk. Seagate is known for being management top heavy. Perhaps they need to take a look at the graph below before they start … Continue reading →

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Financial Bailout: How much Liquidity

Posted on December 30, 2008 by ChrisA

In the January issue of Stocks, Futures and Options magazine there’s a sidebar on how much liquidity has been pumped into the system. The numbers are from James Bianco of Bianco Research. He says, “In 2008, the Federal Reserve has … Continue reading →

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Economic stimulus

Posted on December 24, 2008 by ChrisA

According to VP elect Joe Biden, $850 billion stimulus package is just around the corner… The Obama administration is nearing agreement with congressional Democrats on a huge emergency spending bill intended to jolt the U.S. economy and create 3 million … Continue reading →

Posted in auto bailout, financial crisis | Leave a comment