Posts Tagged ‘crooks’

I’m not trying to suggest a “dooms-day” scenario will materialize. However, the longer the Fed continues to pump up the economy, the harder it will be to return to normal. The Fed is paying interest on bank reserves for one reason, to keep the money in reserve and out of the economy. If so, why would the Fed continue adding $55 billion per month? As I said, it is purely psychological. After all, people will spend more if they actually are richer or if they believe they are richer. In this case, it seems to be the latter.(Link)

LinkWookieepedia: Link was a MC80a Star Cruiser belonging to the Rebel Alliance.

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According to the federal government, Mr. Nagin, who left office in 2010, accepted thousands of dollars in bribery money, among other gifts, from contractors and vendors that swarmed New Orleans after Katrina, hoping to take part in the huge recovery effort. Some of the corruption charges, however, deal with issues predating the 2005 catastrophe. (Link)

 

The ugly rash of financial services executive suicides appears to have spread once again. (Link)

 

AM TV

Posted: February 3, 2014 in Economy
Tags: , ,

If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that – certainly that was reflected in 1929. However, for the third time in the last week, a senior financial executive has died in what appears to be a suicide. As Bloomberg reports, following the deaths of a JPMorgan senior manager (Tuesday) and a Deutsche Bank executive (Sunday), Russell Investments’ Chief Economist (and former Fed economist) Mike Dueker was found dead at the side of a highway in Washington State. Police said the death appeared to be a suicide. (Link)

Interesting

Posted: February 1, 2014 in Economy
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Why This Harvard Economist Is Pulling All His Money From Bank Of America