Financial 911?

Financial 911?

The Port Authority of New York and New Jersey is the owner of the World Trade Center. Bloomberg reports Goldman Sachs just had trouble auctioning

Quote du Jour

Quote du Jour

(Special thanks to Sage Capital.)

Deja Vu

Deja Vu

When I was Assistant Secretary of Housing-Federal Housing Commissioner cleaning up the last housing and mortgage bubble bust, I used to have a deputy who

George Clooney Hits a Homer

George Clooney Hits a Homer

My cousin Susan Blair Ross is a Broadway star. She is smart as a whip. She was the person who first suggested I move to

Stormy Weather

Stormy Weather

I appreciate all the calls I have received from folks checking to see if I was ok after the latest round of tornados. We had

Top Picks ~ Week of February 4, 2008

Top Picks ~ Week of February 4, 2008

Money & Markets Is Your City a Debt Trap? From Men’s Health Nonborrowed Bank Reserves Go Negative ~ Data from the Federal Reserve Website Wachovia

Probing the Street

Probing the Street

A sampling from today’s Wall Street Journal of investigations of financial firms over the subprime downturn: Brooklyn US Attorney’s office: criminal investigation of Bear Stearns

Please Contact the Diane Rehm Show

Please Contact the Diane Rehm Show

Would you help us get accurate information about the missing money to the Diane Rehm Show? I have sent her a note about a serious

Anti-War Candidates & Donations from US Troops

Anti-War Candidates & Donations from US Troops

Anti-War Candidates are Top Recipients of ’08 Donations from US Troops From ThinkProgress.org Individuals in the Army, Navy and Air Force made those branches of

Anti-War Candidates & Donations from US Troops

Anti-War Candidates & Donations from US Troops

Anti-War Candidates are Top Recipients of ’08 Donations from US Troops From ThinkProgress.org Individuals in the Army, Navy and Air Force made those branches of

Minerals & The Standard of Living

Minerals & The Standard of Living

To maintain his or her standard of living, each person in the United States requires over 22 tonnes of minerals each year: * 5,640 kg

Minerals & The Standard of Living

Minerals & The Standard of Living

To maintain his or her standard of living, each person in the United States requires over 22 tonnes of minerals each year: * 5,640 kg

Voting

Voting

On February 5, 2008 at 12:19:07 at Hickory Valley City Hall I was assigned access code 1723 to vote in the Tennessee primary. I elected

Solari Update ~ Anybody Seen Our Gold?

Solari Update ~ Anybody Seen Our Gold?

Solari’s E-Mail Update ~ January 31, 2008 “The gold reserves of the United States have not been fully and independently audited for a half century.

Exit U.S.

Exit U.S.

Exit U.S. By Mike Muehleck posted by Eric Fry – the Rude Awakening (27 Nov 2007) I posted this in Top Picks in December. Given

Massachusetts Sues Merrill Lynch

Massachusetts Sues Merrill Lynch

Massachusetts Charges Merrill With Fraud By George Morcroft – MarketWatch.com (1 Feb 2008) “This complaint is focused on Merrill Lynch’s sale, through agents Kipper and

Can You Help Me Understand?

Can You Help Me Understand?

Hidden Swap Fees by JPMorgan Chase, Morgan Stanley Hit School Boards By Martin Z. Braun & William Selway – Bloomberg.com (2 Feb 2008) — My

Who Will Control Coast to Coast AM Radio?

Who Will Control Coast to Coast AM Radio?

Coast to Coast AM Radio is distributed by Premiere Radio Networks which is owned by Clear Channel Communications. On January 15, 2008, Coast to Coast’s

Top Picks ~ Week of January 28, 2008

Top Picks ~ Week of January 28, 2008

Money & Markets Vote on Microsoft’s bid for Yahoo ~ Lodge your opinion in this Wall Street Journal poll Robert Rubin: What meltdown? By Katie

Great Barbecue

Great Barbecue

Want great barbecue with high quality ingredients at affordable prices? I just had dinner at Jim ‘N Nick’s Bar-B-Q in Memphis. They have restaurants in

Cleveland vs 21 Lenders

Cleveland vs 21 Lenders

Cleveland Sues 21 Lenders Over Subprime Mortgages By Christopher Maag – New York Times (12 Jan 2008) See City of Cleveland Press Release for a

Investment Banking Revenues for 2007

Investment Banking Revenues for 2007

For those of you who keep asking me “Who is doing this?” here is a very useful tool from the Financial Times which provides revenue

Action Alert

Action Alert

Urgent Action on Behalf of Oaxacan Political Prisoners From Food First (21 Jan 2008) Learn more about Asamblea Popular de los Pueblos de Oaxaca

Countrywide's Underwriters Sued for Fraud

Countrywide's Underwriters Sued for Fraud

Countrywide’s Underwriters Sued for Fraud by New York Agencies By David Mildenberg & Karen Freifeld – Bloomberg.com (26 Jan 2008) The New York lawsuit has

Countrywide’s Underwriters Sued for Fraud

Countrywide’s Underwriters Sued for Fraud

Countrywide’s Underwriters Sued for Fraud by New York Agencies By David Mildenberg & Karen Freifeld – Bloomberg.com (26 Jan 2008) The New York lawsuit has

Ohio Pension Fund Sues Freddie Mac

Ohio Pension Fund Sues Freddie Mac

Mortgage Lender Hid Big Risks, Suit Alleges By James Nash – Columbus Dispatch (23 Jan 2008) “The giant mortgage financer known as Freddie Mac swindled

Market Flash: Barrick Insider Selling

Market Flash: Barrick Insider Selling

Earlier news re insider selling by senior Barrick executives has me wondering what they know about market liquidity, 2008 prices for precious and base metals

The Lone Trader

The Lone Trader

Usually it’s the “lone” assassin. Now that coup d’etats are financial, we have the “lone” or “rogue” trader. xxx xxx The lone trader strikes again

Top Picks ~ Week of January 21, 2008

Top Picks ~ Week of January 21, 2008

Money & Markets You Should Be Wary of This Market Rebound By John Crudele – New York Post (24 Jan 2008) US Slides Into Dangerous

Ditching Google

Ditching Google

That’s it. I’m ditching Google. It is lots of little things, but the reality is I don’t trust ’em. Centralizing internet data does not lend

Recent Reads

Recent Reads

I finished up some good reads this weekend. The first read: In Defense of Food: An Eater’s Manifesto by Michael Pollan is a good well,

Interesting Timing…

Interesting Timing…

World Bank Closes Offices After Bomb Threat By Lesley Wroughton – Reuters (17 Jan 2008)

Recommended Documentaries

Recommended Documentaries

A Silent Forest: The Growing Threat, Genetically Engineered Trees 30 Days 9/11 Press for Truth A Walk of Wisdom Aerosol Crimes After Innocence American Dream

Top Picks ~ Week of January 14, 2008

Top Picks ~ Week of January 14, 2008

Money & Markets FBI Wants Instant Access to British Identity Data By Owen Bowcott – The Guardian (15 Jan 2008) Citigroup’s Hopes for Investment From

Coming Clean!

Coming Clean!

To sign up to receive Updates, click on “Sign Up for E-Mail Updates” in the “Pages Section” (right-hand column) of this blog.  

FDIC Loan Sales Privatize Access

FDIC Loan Sales Privatize Access

In an e-mail (1.02.08) from the FDIC: The e-mail is to inform you that the FDIC is retiring the loan sales website at www.fdicsales.com effective

Quote du Jour

Quote du Jour

With thanks to “The King Report.”

Top Picks ~ Week of January 7, 2008

Top Picks ~ Week of January 7, 2008

Money & Markets China is Quietly Revaluing its Currency By Richard Spencer – London Telegraph (8 Jan 2008) Baltimore is Suing Bank Over Foreclosure Crisis

A Review of Political Ponerology

A Review of Political Ponerology

Thanks to a very special reader, Catherine’s blog review of Political Ponerology has been translated into Swedish. Click on this image to access the translation:

Price vs. Force

Price vs. Force

Brilliant (and darling) investment newsletter writer Rob Kirby and I have been having a heated debate. He says that markets clear through price. I say

How Goldman Sachs Ranks the Candidates

How Goldman Sachs Ranks the Candidates

From opensecrets.org – Race for the White House Here is how Goldman Sachs employees have voted with their money for the 2008 presidential candidates: Hillary

Top Picks ~ Week of December 31, 2007

Top Picks ~ Week of December 31, 2007

Money & Markets Venezuela Cuts Zeroes From Currency in Hope of Stalling InflationBy Jorge Rueda – Associated Press (1 Jan 2008) Cyprus and Malta Adopt

Barclays Sues Bear Stearns

Barclays Sues Bear Stearns

Title: US District Court, Southern District of New York Parties: Barclays Bank, PLC vs Bear Stearns, et al Filed: December 19, 2007 Complaint ~ Part

Improving My Gas Mileage

Improving My Gas Mileage

For the last year, several members of the Solari network have been lobbying me to try Fuel Freedom International’s MPG-CAPSâ„¢. These are small caplets that

Top Picks ~ Week of December 24, 2007

Top Picks ~ Week of December 24, 2007

Money & Markets Dollar’s Shares of Currency Reserves Falls to Record Low By Christopher Swan – Bloomberg News (28 Dec 2007) Exit U.S. By Mike

"He reads. He reads…everything."

"He reads. He reads…everything."

In 1984, I gave away my television after overhearing a conversation about the subliminal programing and entrainment technology being rolled out to manage public opinion

“He reads. He reads…everything.”

“He reads. He reads…everything.”

In 1984, I gave away my television after overhearing a conversation about the subliminal programing and entrainment technology being rolled out to manage public opinion

Is Pakistan's Nuclear Arsenal in Play?

Is Pakistan's Nuclear Arsenal in Play?

Pakistan Nuclear Weapons at Play By Newsmax Staff – Newsmax.com (27 Dec 2007) Pakistan and Weapons of Mass Destruction At Wikipedia —-

Is Pakistan’s Nuclear Arsenal in Play?

Is Pakistan’s Nuclear Arsenal in Play?

Pakistan Nuclear Weapons at Play By Newsmax Staff – Newsmax.com (27 Dec 2007) Pakistan and Weapons of Mass Destruction At Wikipedia —-

A Wish…

A Wish…

It’s Catherine’s birthday today!

Winter Wonderland

Winter Wonderland

I drove up through Vermont to New Hampshire to visit my aunt and uncle. They were just plowing out from three large snowfalls. The trees

Top Picks ~ Week of December 17, 2007

Top Picks ~ Week of December 17, 2007

Money & Markets China Takes 10% Stake in Morgan Stanley to Cover Junk Mortgages By Joseph A. Giannone – Reuters (19 Dec 2007) Credit Crisis

Winter Solstice

Winter Solstice

From Wikipedia: The winter solstice occurs the instant when the Sun’s position in the sky is at its greatest angular distance on the other side

The Checklist

The Checklist

The Checklist If something so simple can transform intensive care, what else can it do? By Atul Gawande – The New Yorker (10 Dec 2007)

e-Mail Updates

e-Mail Updates

Solari e-Mail Updates arrive several times a month, feature Catherine Austin Fitts’ commentary on the political economy and are free. Previous Solari Updates Agenda 21

The Creeping Financial Coup d'etat

The Creeping Financial Coup d'etat

One of the newsletters that I use as an excellent predictor of what the Tapeworm will do next (in the rah-rah Tapeworm mode) says that

The Creeping Financial Coup d’etat

The Creeping Financial Coup d’etat

One of the newsletters that I use as an excellent predictor of what the Tapeworm will do next (in the rah-rah Tapeworm mode) says that

New Forum is Percolating

New Forum is Percolating

We are in the process of developing a new forum that will be part of a subscription service we will launch next year. We will

Time to do it again?

Time to do it again?

Here is a picture from the Monitor-Herald in Calhoun City, Mississippi during my bicycle trip through the Southern states in 1978. I just got a

Integrating the Model

Integrating the Model

New Zealand ally Claude Lewenz reminds me that ‘doing good’ first got split from ‘doing well’ with granting of a royal charter to the Honourable

Extraordinary Popular Debt

Extraordinary Popular Debt

Extraordinary Popular Debt By Bill Bonner – Rude Awakening Blog (10 Dec 2007) “What has happened? Credit, it turns out, soon reaches the point of

P.S. Financial Fraud vs Financial Coup d'etat

P.S. Financial Fraud vs Financial Coup d'etat

P.S. Financial Fraud vs Financial Coup d’etat By Catherine Austin Fitts – Scoop Independent News (11 Dec 2007) Catherine Austin Fitts’ Mapping the Real Deal

P.S. Financial Fraud vs Financial Coup d’etat

P.S. Financial Fraud vs Financial Coup d’etat

P.S. Financial Fraud vs Financial Coup d’etat By Catherine Austin Fitts – Scoop Independent News (11 Dec 2007) Catherine Austin Fitts’ Mapping the Real Deal

Inflation – The Dollar Peg Virus

Inflation – The Dollar Peg Virus

These 3 snippets from Doug Noland’s Tight Money were pointed out by one of my favorite GATA team mates: November 26 – Bloomberg (Glen Carey

Top Picks ~ Week of December 10, 2007

Top Picks ~ Week of December 10, 2007

Money & Markets Citigroup to Consolidate Seven SIVs on Balance Sheet By Shannon D. Harrington & Elizabeth Hester – Bloomberg News (13 Dec 2007) World

The Paulson Plan

The Paulson Plan

I named my last company after the first US Secretary of Treasury, Alexander Hamilton. Hamilton believed in the sanctity of a contract. One of his

Bill Moyers' Journal

Bill Moyers' Journal

Bill Moyers’ Journal (23 Nov 2007) The power and beauty found in the African American church and spiritual experience reminds me of St. Timothy when

Bill Moyers’ Journal

Bill Moyers’ Journal

Bill Moyers’ Journal (23 Nov 2007) The power and beauty found in the African American church and spiritual experience reminds me of St. Timothy when

Are You Financing KKR Up, Popsicle Index Down?

Are You Financing KKR Up, Popsicle Index Down?

Robert Greenwald’s on-line video on Henry Kravis, partner of leveraged buyout and private equity firm, KKR, “Fight the War on Greed,” does not mention the

Top Picks ~ Week of December 3, 2007

Top Picks ~ Week of December 3, 2007

Money & Markets Top hedge Fund blow-up news and commentary Britain’s Rate Cut Opens Gulf With European Central Bank By Chris Giles & Ralph Atkins

Oldie, but Goodie

Oldie, but Goodie

From November 2004 Interview in Optionetics — Interview ~ Part I Interview ~ Part II

Top Picks from Scoop Media

Top Picks from Scoop Media

Pentagon Poised to Resume Open Air Weapons Testing By Sherwood Ross (4 Dec 2007) Burma: Junta Charges Monks’ Leader With Treason By Terry Evans (3

More Popsicle Index Down, Goldman Sachs Up

More Popsicle Index Down, Goldman Sachs Up

Is more profiting underway from the dump (as in “pump and dump”) of the US economy? Goldman Short the Housing Market? See Ben Stein –

Popsicle Index Down, Prison Stocks Up

Popsicle Index Down, Prison Stocks Up

In from Sam Smith at Progressive Review: The Vortex A Justice Policy Institute Report (Dec 2007) ACCORDING TO THE Department of Health & Human Services,

More Money Talks?

More Money Talks?

AMC Chief Urges States to Drop Dollar Peg By P.K. Abdul Ghafour – Arab News (1 Dec 2007) US Intelligence Says Iran Halted Nuclear Weapons

Montana, Connecticut Holdings Downgraded by Moody's

Montana, Connecticut Holdings Downgraded by Moody's

Montana, Connecticut Hold Downgraded by Moody’s By David Evans – Bloomberg.com (3 Dec 2007) Montana and Connecticut state-run investment pools hold debt tainted by the