November 2009
22 posts
“I do think I do not want the same kind of focus on safety and soundness that we...”
– Representative Barney Frank (D-MA) In A 2003 Hearing On Allowing Fannie Mae and Freddie Mac To Take On Excess Risk (“Fannie and Freddie Waste Taxpayer Money,” 11/11/2009, via WSJ.com)
“In the meantime, kudos to Chrysler. Kudos to Fiat. They managed to extract...”
– Marla Singer (“You Suck At Central Planning,” 11/10/2009, via zero hedge)
“We have fully exited from them and we have no plans to go back…”
– Alexei Ulyukayev, Russian Central Bank Deputy Chairman, On The Bank’s Purchase of American Mortgage Agency Bonds (“Russian Central Bank May Cut Rates Again in ‘09, Buy Gold,” 11/09/2009, via Reuters.com)
“And just in case you were wondering someone, somewhere was motivated to destroy...”
– Tyler Durden on Goldman Sachs’ Q3 Earnings Release (“Absolute Perfection: Goldman Loses Money On Just One Trading Day In Q3,” 11/04/2009, via zero hedge)
Watch“…our leaders dilute my dollars to pay for the sins of everyone.”
Rick Santelli is a badass.
The fact that a former head of a Federal Reserve Bank (in this instance, the Dallas Fed) doesn’t know that there’s a global asset price bubble afoot due to low-to-negative interest rates is rather extraordinary, but sure does explain a lot…
