Archive for the 'Economy' Category
Blizzard Makes Over One Million Dollars Per Hour Selling Celestial Steed Video Game Horses
April 25th, 2010I’ll see your Farmville and raise you a Celestial Steed. Via: Dvorak: Blizzard has had unprecedented success with virtual item sales on the release of the Celestial Steed – a special in-game mount for World of Warcraft that costs the princely sum of $25, €20 or £17. According to WOW.com (via GamesIndustry.biz), a seven-hour queue […]
New Austerity a Precondition for Greek Aid: Germany
April 25th, 2010Via: Reuters: Greece must agree to tough new austerity measures before it receives any financial aid from the European Union and failure to do so would endanger such support, German Finance Minister Wolfgang Schaeuble told a newspaper. … Opposition to aid for Greece runs deep in Germany and Chancellor Angela Merkel, who faces a crucial […]
Stephen Hawking: Extraterrestrials Are Almost Certain to Exist; If We Encounter Them, Chances Are We’re Doomed
April 25th, 2010If Martians fell from the sky What would that do to God? Would we put the weapon down Or aim it up at the sky No one would believe it Except the fucking nut jobs They’d laugh and cry “We told you so!” Dave Matthews Band — Time Bomb The mainstream media is, increasingly, driving […]
Failed German Bond Auction: Who Bails Out the Governments That Have Bailed Out the Feckless?
April 24th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. This is a decent article, but it contains some rat poison: This just doesn’t happen in major government bond markets. In the U.S. Treasury market, if the total of bids isn’t double the total of securities being offered, it’s considered horrific […]
GM Pays Back TARP Loans With…TARP Loans
April 24th, 2010Why not? It works for Uncle $cam! Via: Reason: Have you driven a Ford lately? That might be a good idea, as it seems that GM’s claims to have repaid its TARP loans in full and ahead of schedule are, well, bullshit. Sen. Charles Grassley (R-Iowa) has sent a letter to Treasury Secretary Tim Geithner […]
FDIC Friday: Regulators Seize Bank Linked to U.S. Senate Candidate
April 24th, 2010I’ve become bored with FDIC Fridays, but I couldn’t resist posting this one. Via: Reuters: Regulators on Friday seized a Chicago bank owned by the family of the Democratic nominee running for the U.S. Senate seat once held by President Barack Obama. Broadway Bank was among seven Illinois banks whose failure was announced on Friday. […]
Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit
April 24th, 2010Via: ZeroHedge: Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. […]
WellPoint Routinely Cancels Coverage of Breast Cancer Patients
April 23rd, 2010So, let me understand this: Obamacare is going to require people to pay for insurance that can be canceled as soon as they come down with a serious illness? Get the state to hold a gun at people’s heads to pay into a scam. That sounds like a pretty good gig for those diabolical corporations. […]
“Lehman Was the Leading Purveyor of Liar’s Loans in the World” — Incidents of Fraud at 90% — “Lehman Sold This to the World”
April 23rd, 2010I also handled issues for the used-car-salesman-type ‘account executives’. Just before I left, the company switched loan origination systems. The people writing these loans were pissed because they were no longer able to get loans approved for people with fraudulent social security numbers. They would actually complain because the system was telling them that the […]
IRS Agent Didn’t Report $41,842 in EBay Sales
April 23rd, 2010I need a Comedy category. Via: Bloomberg: An Internal Revenue Service agent was found liable for back taxes and penalties for not reporting income on nearly 2,000 transactions on EBay Inc., the online auction site, according to the U.S. Tax Court. Andrea Fabiana Orellana failed to report $41,842 in income in 2004 and 2005 from […]
