New York’s Pension Funds

New York’s Pension Funds

To understand the political issues that determine the rise and fall of New York Attorney Generals and Governors such as Eliot Spitzer, it is helpful

New York's Pension Funds

New York's Pension Funds

To understand the political issues that determine the rise and fall of New York Attorney Generals and Governors such as Eliot Spitzer, it is helpful

Top Picks ~ Week of March 10, 2008

Top Picks ~ Week of March 10, 2008

Money & Markets US Home Defaults, Foreclosures Rise 60% in February By Alan Mirabella & Sharon Lynch – Bloomberg.com (14 Mar 2008) Dollar’s Clout Sinks

From John Rappoport

From John Rappoport

HOW IS THE WAR GOING IN IRAQ? MARCH 13, 2008. Media reports about the surge in Iraq indicate it’s been working, and now the war

It’s Hard Out Here for a Pimp

It’s Hard Out Here for a Pimp

In the summer of 1989, I was serving as Assistant Secretary of Housing at the Department of Housing and Urban Development (HUD) in the first

Fed Disclosure on Intervention Powers

Fed Disclosure on Intervention Powers

The New York Fed: The Discount Window The Fed: The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act —Thanks to The King

Special Kudos

Special Kudos

Special kudos to Jim Sinclair of jsmineset.com who has dubbed the new fed loan system to member banks as “the monetization of bankruptcy.” I think

It Ain’t About Sex

It Ain’t About Sex

So, with rumors circulating of more write offs and major financial institutions in trouble, does Wall Street want Elliot Spitzer out? Could it be he

It Ain't About Sex

It Ain't About Sex

So, with rumors circulating of more write offs and major financial institutions in trouble, does Wall Street want Elliot Spitzer out? Could it be he

Top Picks ~ Week of March 3, 2008

Top Picks ~ Week of March 3, 2008

Frozen in Grand Central Station A video by Improv Everywhere It’s been exactly four weeks since we posted our Frozen Grand Central mission. The response

An Unanswered Question

An Unanswered Question

An unanswered question proposed for our discussion: Is M3 rising at 15-25% rate really a combination of a much higher M3 printing loans and money

What Makes Finnish Kids So Smart?

What Makes Finnish Kids So Smart?

Well, well, what do you know? The Wall Street Journal has just published an article on arguably the single most important reason the US housing

The New Spin

The New Spin

The new spin is that the recession will be short, but the recovery will not be because “Father Fed” is going to deal with inflation

Top Picks ~ Week of February 25, 2008

Top Picks ~ Week of February 25, 2008

Money & Markets Follow the Trend By James Turk – GoldMoney.com (29 Feb 2008) Pennsylvania Student Loans Halted on Auction Failures By Adam L. Cataldo

Securities Certificates

Securities Certificates

A network member reports that their broker says that their right to obtain certificates ends on March 13, 2008. We can’t find the final proclamation,

Grain Pushing Through Gold

Grain Pushing Through Gold

Dan Norcini makes a great point today in his article: CCI Index Makes Another All Time High Making IMF Gold Suppression Attempts Even More Pointless

Disaster Preparedness

Disaster Preparedness

Sometimes I am asked how to prepare for a worst case scenario if we experience a financial or political meltdown in the U.S. or the

Reducing Transparency

Reducing Transparency

“Due to budgetary constraints, the Economic Indicators service will be discontinued effective March 1, 2008.” Economic Indicators.gov is brought to you by the Economics and

Top Picks ~ Week of February 18, 2008

Top Picks ~ Week of February 18, 2008

Fidel Castro Steps Down as President of Cuba By James C. McKinley, Jr. – International Herald Tribune (19 Feb 2008) Fidel Castro said Tuesday that

Top Contributors

Top Contributors

Thanks to the wonderful opensecrets.org, here are the top 20 contributors for the candidates running in the Presidential primaries. [* These charts list the top

WikiLeaks

WikiLeaks

Whistle-Blower Site Taken Offline From BBC News (18 Feb 2008) Wikileaks Taken Down By Order of a US Court By Phil Cubeta – Gift Hub

Clear Channel Files Lawsuit

Clear Channel Files Lawsuit

Providence Miffed by Clear Channel Suit Associated Press (17 Feb 2008) Providence Equity Partners Previous blog posts on this issue: Update on Clear Channel (15

The Guernsey Experience

The Guernsey Experience

The Other Way to Deal with the National Debt By Bob Blain – The Progressive Review (June 1994) The Guernsey Experience . . . Guernsey

A Good Time for Community Currency

A Good Time for Community Currency

One way for municipalities to address the credit contraction and creeping financial coup d’etat we have been writing about and to help protect their citizenry

Update on Clear Channel Deal

Update on Clear Channel Deal

~ Updates Bank Wants Out of Clear Channel TV Sale RadioWorldOnline (29 Feb 2008) Wachovia May Halt Clear Channel-Providence Deal Bizjournals.com (25 Feb 2008) (Click

Top Picks ~ Week of February 11, 2008

Top Picks ~ Week of February 11, 2008

Money & Markets New Era Dawns for Rail Building By Daniel Machalaba – Wall Street Journal (13 Feb 2008) AIG Falls on Concern Losses My

Mortgage Bubble Names & Faces

Mortgage Bubble Names & Faces

In recent testimony, New York Governor Eliot Spitzer referred to the efforts by the Office of the Comptroller of the Currency to dilute and stop

Mortgage Bubble Names & Faces

Mortgage Bubble Names & Faces

In recent testimony, New York Governor Eliot Spitzer referred to the efforts by the Office of the Comptroller of the Currency to dilute and stop

Godfather IV

Godfather IV

Maher Brothers Make $1.1 Billion Claim Against LehmanSource: American Shipper – East Coast Connection (21 Jan 2008) Lehman Clients Demand $1.1 Billion in Auction Dispute

Crime Pays….So Far

Crime Pays….So Far

For those who want to check out the social prestige being purchased by a few of the perpetrators of the subprime mortgage bust, check out

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.”

The Future of Europe with Thomas Meyer

The Future of Europe with Thomas Meyer

 Just a Taste – Excerpt: Full Interview Listen to the Interview MP3 audio file The Solari Report 2018-03-01 Download the Interview MP3 audio file sr20180301_InterviewHQ.mp3 […]

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

More on the Missing Money

More on the Missing Money

There is $4 trillion missing from the US government. On Coast to Coast last week, I referred to Rumsfeld’s testimony before Congresswoman Cynthia McKinney on the missing money and sex slave trafficking allegations by a

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