Wednesday, October 12, 2011

Welcome to the madhouse

5 Star © fintag

News comments:
BBC Radio 5 had an alarming phone in yesterday where people described how they were surviving on 4 meals a week and stealing electricity from neighbours. And then we hear the bailed-out bankers are ready for a billion plus share out.

Occupy Wall Street is all so very tame. Why should this be? Governments are destroying the wealth of their people to reward Investment Bankers for having a good year trading balance sheets funded by the tax payer, assets held artificially high by regulators who refuse to allow tier 1 sovereign debt to be marked to market and liabilities taken off their hands by bail out funds.

Welcome to the madhouse. And there is more ...

Today's shorts:
Happy Christmas Bankers (dailymail)

20 years later and Japan is still printing money (telegraph)

RIM. What is it good for? (telegraph)

BNY spy exposed (wsj)

Today's longs:
Tiny country to help bring down the Euro (telegraph)

Heavy Metal town has better credit rating than USA (telegraph)

Gossip:
USA to start taxing the rich but give credits to Investment Bankers because they are so important.



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