Archive for October, 2007
Enemy Collaborator Democrats to Extend Wiretap Powers
October 9th, 2007Duh. Via: New York Times: Two months after insisting that they would roll back broad eavesdropping powers won by the Bush administration, Democrats in Congress appear ready to make concessions that could extend some crucial powers given to the National Security Agency. Administration officials say they are confident they will win approval of the broadened […]
The Secret History of the War on Cancer
October 8th, 2007Via: Salon: Children shouldn’t use cellphones. No one should drink diet sodas sweetened with aspartame. And think twice before getting X-rayed with a CAT scan except in a bona fide life-threatening emergency. That’s just some of the precautionary advice that epidemiologist Devra Davis, who runs the runs the Center for Environmental Oncology at the University […]
Subprime Mortgages Slipping Into Default at Rapid Pace
October 8th, 2007Via: International Herald Tribune: Subprime mortgage bonds created in the first half of 2007 contain loans that are going delinquent at the fastest rate ever, according to Moody’s Investors Service. The average rate of “serious loan delinquencies” in the securities has been higher than 2006 bonds, Ariel Weil and Amita Shrivastava, analysts at Moody’s Investors […]
FDIC TO MORTGAGE SERVICERS: FREEZE ARM RATES
October 8th, 2007Oh sure! HAHA They know that the thing is hitting the wall. Change the rules, or the curtain comes down sooner rather than later. Get your popcorn ready for this show. It’s going to be good. Via: CNN: The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when […]
Gold: Ominous Chart Formations
October 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. As you know, I noticed a breakdown in the internals of the recent bullish gold move which resulted in some pretty wild volatility in the market. Once another weekly candle was in, I thought I’d take another look at how we […]
The Astonishing Generosity of Cryptogon Contributors
October 7th, 2007Hard core Cryptogon supporters sent the following contributions in early October: Dagobaz $251 AS $100 Eileen $50 Without the support of these generous Cryptogon readers, and others like them, I’d be stocking shelves at Pak N Save, or * gasp * doing IT work again. Yes, the New Zealand Department of Labour wanted me to […]
September Earnings
October 6th, 2007Cryptogon and Farmlet earnings from all sources came to an incredible $1518.61, or more than 3X the minimum monthly goal of $500. Wow! As always, direct contributions represented the largest portion of the earnings in September. We also had five BlueHost hosting signups in September (that’s a new record). BullionVault is going nuts. Cryptogon readers […]
HSBC Warns of Hot Money Exodus from Britain Under ‘Siege’
October 6th, 2007“Sterling holders, consider reducing or eliminating your exposure to GBP denominated assets immediately.” —Cryptogon, September 18th, 2007 Via: Telegraph: HSBC, Britain’s biggest bank, has warned that Britain faces a stark “de-rating” by investors in coming months as growth slows and funds begin to lose confidence in the country’s economic management, triggering a mass exodus of […]
Bear Stearns Target of Criminal Investigation
October 6th, 2007Imagine my shock. Via: Reuters: U.S. prosecutors launched a criminal investigation into two mortgage-related hedge funds at Bear Stearns Cos. that collapsed during the summer, a person familiar with the investigation said on Friday. The U.S. attorney in Brooklyn, New York and the U.S. Federal Bureau of Investigation have begun the probe, which is in […]
Federal Agents Disguised as Supporters Arrest Ed and Elaine Brown
October 6th, 2007When I first heard about the Ed and Elaine Brown situation, I wrote: Ed has been inviting people to his property to show support for him and the issues. Insurgency 101: Don’t start a war with a powerful enemy and then issue a press release asking people you don’t know to show up and support […]
