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Linkfest (December 28, 2009)

December 28, 2009 Leave a comment

In other news..

President Obama, It’s Time To Fire the TSA A Must read!

Today, DHS’s Napolitano’s response to the crotchbomber: “We’re looking to make sure that this sort of incident cannot recur.” But the TSA’s response to Abdulmutalib’s attempt makes one thing clear: We must stop pretending the TSA is making us safer.

The TSA isn’t saving lives. We, the passengers, are saving our own.

Pomboy: A Looming New Credit-bust a commentary on A Jolly Good Year

Stephanie speculates that one reason for their reluctance could be that while stocks have rallied, thus enriching their portfolios, dividends have been relentlessly shrinking: the $775 billion-plus annual dividend windfall the affluent had grown accustomed to has been slashed by a third or so. Or, it just may be that “even for the high-end, housing deflation outweighs equity inflation.”

Tanker Glut Signals 25% Drop as 26-Mile Queue Overwhelms Demand and crude is still 70-80 $/ barrel.. Guess who (IBers, speculators) are busy screwing YOU

How not to solve a financial crisis Another good guest post by By Edward Harrison at nakedcapitalism.com

One can only assume that alternative policy solutions were rejected because the Bush and Obama Administrations preferred the solutions they crafted to these.

2009: The Year Wall Street Bounced Back and Main Street Got Shafted

But if Wall Street is back on top, the everyday lives of large numbers of Americans continue to be subject to overwhelming trauma, chaos and disruption.

Fannie, Freddie Backstop May Foreshadow Mortgage Forgiveness If it does not work, keep on trying harder.

Through November, servicers had permanently modified 31,382 mortgages under the Home Affordable program, which was announced in February as targeting 3 million to 4 million loans, the Treasury said Dec. 10. A total of 728,000 of the modifications were under way.

Berkshire Eliminates 21,000 Jobs as Manufacturing, Retail Slump But Buffett is still the seer… right?

Berkshire and its subsidiaries have about 225,000 workers, the Omaha, Nebraska-based company said this week in regulatory filings. That’s 8.6 percent lower than the 246,083 disclosed in the 2008 annual report.

War on Wall Street as Congress Sees Returning to Glass-Steagall Who has hurt us more, swarthy “evildoers” or immaculately suited sociopaths?

The Recession Begins Flooding Into the Courts It is too bad that average people have not got the memo about our “great recession” ending.

Oh wait..

Krugman: ‘Reasonably High Chance’ the Economy Will Contract The “great recession” does not want to end..

Categories: Linkfest, MSM Idiocy