Archive for April 27th, 2009

CBC's Tremonti Nails Goldman Sachs

  • Published: April 27th, 2009
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… "Wow, that’s even more disturbing" … – about 9:50AM Today’s third 1/2 hour of The Current (about 9:32 to 9:55 AM across Canada’s time zones) is a must-hear.  Streaming audio as it happens by region is available here. This is CBC’s promo for the segment on their site. And … Earlier this month, banking giant Goldman Sachs shocked Wall Street by posting a 1.8 Billion dollar profit in its first quarter earnings and announcing that it wants to pay off half of the 10-Billion-dollar loan it got from the U.S. Government last fall. We’ll talk to Pulitzer-Prize winning investigative…
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Crack of Doom: the Joy of Stress

WASHINGTON — Virtually all of the 19 largest U.S. banks have passed the Obama administration’s controversial "stress test" with ease. [1] "I’m going to turn my back, and when I turn around one of you 19 guys will have volunteered for the suicide mission by stepping forward," said the Sergeant. Then he turned around and chose the one guy who hadn’t been paying attention and therefore hadn’t stepped back. UPDATE: Hat tip to the Implode-O-Gang for this.  Now that must have been a tea party! This supported "End the Fed" rallies that were held on Saturday. ………………………….. Look who didn’t…
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McMansions R.I.P.?

At the height of the housing boom, a number of real estate agents used the following pitch: You are going to want to purchase as much home as you can afford.  Clearly, with the appreciation that we are now enjoying, the larger your home, the greater the financial return on your investment. Many followed that advice, making the oversized McMansion immensely popular.  But what will be the fate of the McMansion market now? Population forecasts conducted by the Dukakis Center for Urban and Regional Policy at Northeastern University make it clear that New England is aging rapidly and this is…
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