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POPSDateline October 26, 2006: Henry Paul and this Well-Planned 'Economic Crisis' Quote from an investment newsletter I subscribe to: most of the time, they were aware of the dangers. They knew your future was in grave jeopardy. They saw it in their own government data and talked about it behind closed doors. They even made not-so-secret preparations for this day. They didn't suddenly discover these threats yesterday.
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POPS$7.5 million Signing Bonus --- $11.6 million Golden Parachute .........AFTER A TOTAL OF 17 DAYS AS CEO @ WaMu......... Oh, say it ain’t so, he will miss out on that big bonus. Documents show WaMu was going to pay their new boss $8 million to simply not screw up and get fired — all negotiated as the Seattle-based banking giant’s loses climbed to an estimated $20 billion. Wow, I would love a job where I could get paid 8 million to just not screw up enough to get fired. Seriously, I guess I need to find a bank that is failing…
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POPSALMOST ARMAGEDDON (?) The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market. Paulson knew the $105 billion injection was not a real solution. A broader, more radical answer was needed. Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday. By that time, Paulson had announced the plan.
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POPSMcFadden and the Impeachment of the Federal Reserve I charge them ... with having brought about the decline of prices on the New York Stock Exchange... I charge them ... with having conspired to transfer to foreigners and international money lenders, title to and control of the financial resources of the United States ... I charge them ... with having published false and misleading propaganda intended to deceive the American people and to cause the United States to lose its independence... I charge them ... with the crime of having treasonably conspired and acted against the peace and security of the United States, and with having treasonably conspired to destroy the constitutional government of the United States ."
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POPSPols Taking Stock Hits Note: Let's hope Mrs. Kerry still has a nice chunk of H.J. Heinz. That stock is up 7% year to date, versus a 15 point drop for the S&P 500.
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POPSRussia Not Immune to American Influence Perhaps to undermine the Russian Bear and China, this crisis will benefit some of the architects of doom. If the energy market of Russia and China's relentless expansion are threatening American interest, ie, oil, so why not create a crisis that takes most down and rewards the few we all know?
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POPSNigeria police seize funds allegedly raised for Obama The amount raised sparked widespread public outrage in Africa's top oil producer, where the majority of the people live on less than $2 a day, prompting the Economic and Financial Crimes Commission to launch an investigation. The commission said it would work out how to share the money among those who paid to participate in the event. Okereke-Onyiuke said in a full-page statement in Nigeria's Guardian newspaper on Aug. 21 that the dinner had never been intended to raise funds for Obama, but to sensitize and mobilize Africans worldwide.
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POPSHotel De Roode Leeuw Amsterdam I'm trying to find a decent, central and not too expensive hotel. This one looks ok and quite inexpensive for a 4-starred hotel! Any suggestion for a first trip to Holland? Ciao
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POPSCurrency ETF Review A blog post about Currency ETFs and how to make money by trading them. For anyone who wants to expand their knowledge and investment profits, I recommend reading this post...
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POPSYellowcake Not 'A Vindication' of Bush's WMD Claims It should be pointed out (as I've been forced to several times around the web) that yellowcake is not WMD. In fact, it's not even refined. The piece goes on: But this particular stock of uranium was not recently discovered — and it was no secret. It had been stored in sealed containers, since before the first Gulf War, according to the AP. Saddam Hussein was forced to allow United Nations inspectors into Iraq in 1991, as part of the cease-fire that ended the first Gulf War. The U.N. Security Council's agreement required Hussein to dismantle Iraq's weapons of mass destruction, in exchange for lifting the 1990 economic sanctions imposed on Iraq. The inspectors monitored Iraq's disarmament, and later guarded this uranium. More recently, U.S. and Iraqi forces have been guarding it, since Iraqis looted the site after Hussein’s fall from power.
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POPSIf you can't play- outsource it. In fact, the trading of virtual property is so lucrative that some big online gaming companies have jumped into the business, creating their own online marketplaces. Other start-up companies are also rushing in, acting as international brokers to match buyers and sellers in different countries, and contracting out business to Chinese gold-farming factories. "We're like a stock exchange. You can buy and sell with us," says Alan Qiu, a founder of the Shanghai-based Ucdao.com. "We farm out the different jobs. Some people say, 'I want to get from Level 1 to 60,' so we find someone to do that."
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