Posts Tagged ‘Bernanke’

Market Participants “Learn the Wrong Lesson” from Bernanke; Conflicts of Interest in “Stay the Course” Advice

The risk trade marches on. It’s another day and another high in the DOW. What have investors learned from this? Alan Hartley writing for Morningstar explores that question in A Potent Brew for a Tall Glass of Regret While it is clear economic data has improved, we must be conscious of the risks that remain. [...]

Vallejo Bankruptcy Plan Offers Unsecured Creditors 5-20%; JPMorgan CEO Forecasts More Municipal Bankruptcies; Bernanke Will Not Rescue Cities

Vallejo is using federal bankruptcy laws to stick it to unsecured creditors. Please consider Vallejo Plan Would Give Unsecured Creditors 5 to 20 Cents on the Dollar Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court. The plan [...]

Bernanke Rejects Bailing Out State and Local Governments; A Look at Meredith Whitney’s Municipal Bond Call

It’s exceptionally rare I agree with what Bernanke has to say. This is one of those rare times. Please consider Bernanke Rejects Bailouts “We have no expectation or intention to get involved in state and local finance,” Mr. Bernanke said in testimony before the Senate Budget Committee. The states, he said later, “should not expect [...]

Sunday Funnies 2010-12-26 Bernanke and Kucinich Discuss the Need for Paper

In other news Bridgewater, New Jersey spends $17K to defend $5 fee it charged resident A Somerset County town spent more than $17,000 defending a $5 fee it charged a resident for a compact disc of a council meeting. Tom Coulter filed a complaint with the New Jersey Government Record Council in October 2008, saying [...]

Sunday Funnies 2010-12-05 Bernanke Discusses Groupon

Mid-speech Bernanke has sudden inspirational flash of brilliance regarding Groupon. The idea for the first cartoon above came from reader “Everett”. I came up with the second one. If you have suggestions please send them my way. Bear in mind, two two things: 1. They need to be current events2. I may get far more [...]

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