Recent Fully Deluded News
Kudos For Wall Street Versus America (and a personal note)
Posted from gary-weiss.com 1 day 21 hours ago
Fully Deluded : Market
Washington Post personal finance writer Michelle Singletary has some kind words about Wall Street Versus America in her latest syndicated column. announcing that it is the October selection for the Color of Money Book Club. Not bad for a book that came out two years ago, if I do say so myself. Her column notes that I've just signed as a contributing editor of Condé Nast Portfolio, for which (original story)
Weekend Update: Don't Mess With Apple
Posted from Dealbreaker 1 day 21 hours ago
Fully Deluded : Hedgie
Remember the yahoo who posted the bit about Steve Jobs having a heart attack? Well, with all the rhetoric about hanging rumor spreading swine, they pretty much have to employ extraordinary rendition on this one. Watch it turn out to be some 19 year old Microsoft intern from San Diego. The U.S. Se... (original story)
Weekend Update: Find Fuld
Posted from Dealbreaker 1 day 21 hours ago
Fully Deluded : Hedgie
I know it looks like we are super dedicated or something, but really, it is only news of milk-carton maven Dick Fuld that gets us out of our lazy weekend slumber like this. Well, that and maybe another SEC investigation. Wherever he is, a contempt of Congress charge is waiting for him if he doesn'... (original story)
#Links
Posted from Alea 1 day 21 hours ago
Fully Deluded : Hedgie
Pressured to Take on Risk, Fannie Hit a Tipping Point “We didn’t really know what we were buying. This system was designed for plain vanilla loans, and we were trying to push chocolate sundaes through the gears.” Give the Fed a bit of credit … By my count, the Fed is now providing about $1.25 trillion in liquidity [...] (original story)
Credit Crisis Stages: It's About the Timing
Posted from Paul Kedrosky's Infectious ... 1 day 21 hours ago
Fully Deluded : Techno
I missed this column from earlier in the week, but writer Kenichi Ohmae has a nice piece in the FT on the three stages to expect in the current credit crisis. He models it on what happened to Japan during its crisis, pointing out remediation is about doing the right things at the right time. From the experience of Japan, the major financial crisis will go through three phases, each requiring a different measure. The first phase is what the US is now experiencing, and that is mainly coming from the liquidity crisis. FRB has provided a credit line close to $1 trillion and major institutions ... (original story)
McCain Uptick!
Posted from Silicon Alley Insider 1 day 21 hours ago
Fully Deluded : Techno
Finally, a good day for John McCain's stock. Intrade put his odds of winning the presidency at 31.5% as of 5PM ET Saturday, up from 30.3% yesterday. (The chart doesn't reflect this, but that was the last quote we saw Friday evening.) See Also: McCain's Stock Resumes Collapse (original story)
Weekend Update: Want A Breath Mint?
Posted from Dealbreaker 1 day 23 hours ago
Fully Deluded : Hedgie
There are a lot of wonderfully tasty jabs in the New York Times' piece on Fannie, this one on the interaction between Countrywide and Fannie is my favorite: "You're becoming irrelevant," Mr. Mozilo told Mr. Mudd, according to two people with knowledge of the meeting who requested anonymity because ... (original story)
Saturday Night Open Thread
Posted from The Big Picture 2 days ago
Fully Deluded : Market
Its Saturday evening, and there is all sorts of things to discuss. What is this coming week going to bring? Another bail out? More market turmoil ? Snapback, or crash? What's on your minds? What say ye? (original story)
Time to Climb Off the Ledge?
Posted from The Epicurean Dealmaker 2 days ago
Fully Deluded : Market
You are well aware, Dear Readers, that much has been and is continuing to be made in the press of the terrifying, relentless, and cruel monster known as the Credit Crunch. This unappeasable beast has apparently moved on from snacking desultorily on the tattered remains of those few financial institutions still drawing labored breath to attacking pure and innocent victims in the non-financial sector, like General Electric and AT&T. Attentive readers of this space will also be aware that your Dedicated Correspondent has remained simultaneously less than alarmed and less than impressed by the s... (original story)
Forms of Federal Reserve Lending to Financial Institutions
Posted from Alea 2 days ago
Fully Deluded : Hedgie
FAQs: Federal Reserve Lending to Financial Institutions, click picture for answers. (original story)
Federal Reserve Director on the CRA
Posted from The Big Picture 2 days ago
Fully Deluded : Market
From the Federal Reserve: "Neither the CRA nor its implementing regulation gives specific criteria for rating the performance of depository institutions. Rather, the law indicates that the evaluation process should accommodate an institution's individual circumstances. Nor does the law require institutions to make high-risk loans that jeopardize their safety. To the contrary, the law makes it clear that an institution's CRA activities should be undertaken in a safe and sound manner." (emphasis added) What about mergers or acquisitions -- did the CRA get in the way of that? "Since 1988, there h... (original story)
Why We Published That Steve Jobs Heart Attack Report
Posted from Silicon Alley Insider 2 days ago
Fully Deluded : Techno
Around 9:15AM yesterday, we learned that the lead story on CNN's citizen-journalism site iReport said that Steve Jobs had been rushed to the hospital after a heart attack. By the time we found it, the story had more than 100 Diggs and 50 comments and was all over Twitter. We didn't know whether the story was true, and we had no immediate way to confirm or debunk it. We viewed it as significant, however, both for those who care about Apple and Steve and as a first meaningful test of "citizen journalism." We knew that our readers would want to know about the story and evaluate it for themselves.... (original story)
The CRA: Its a Racial Thing . . .
Posted from The Big Picture 2 days ago
Fully Deluded : Market
I am no political analyst, but the further the GOP tacks to the hard right, and appeals to the worst elements of its base, the bigger the debacle they will see this election. Once again, I challenge Charlie Gasparino to a debate on this subject (original story)
The End Of Free-Market Fundamentalism?
Posted from The Big Picture 2 days ago
Fully Deluded : Market
Amid the chaos and chatter about this week's financial bailout, one clear theme emerged in some quarters: The era of free-market fundamentalism is over. But is it, really? > Video after the jump. > Source: The End Of Free-Market Fundamentalism? Nick Penniman American News Project, Sep 25, 2008 http://americannewsproject.com/node/130 > (original story)
Bad Medicine
Posted from The Big Picture 2 days ago
Fully Deluded : Market
http://www.grantspub.com/cartoonbank/?crtnYr=2007 (original story)
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