Month February 2009

Nadya Suleman and casino capitalism

Is that a trading room or a casino? It’s difficult to tell the difference sometimes. Subprime slime went looking for the big score and cratered an economy. Granny gambles away the Social Security check on the slots. Then we have…

Dollar advances because bailout might fail

This is just further proof, if any be needed, that the financial world has few if any moorings in anything even vaguely resembling to reality. Bloomberg: The dollar is rising based on speculation the bailout will fail, thus making the…

FBI raids Peanut Corp. of America

The alleged humans at Peanut Corp. of America who knowingly sold salmonella-laced peanuts will now be facing criminal charges. Or at least I hope so. The FBI raided the plant yesterday. Monday’s searches come three days after Food and Drug…

Markets plummet on bailout plan

The Dow was down 4.5% and many financials got pasted and were down 10% and more. This is, I think, a good think. Apparently the bankers don’t think the bailout will be tossing them stacks of money after all.