Home Page

Fuck Bankers

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson

Logo

No Comments

Links 12/29/09

links Comments (0)

Israelis and Gazans reflect on the war, one year on BBC

More herbicide use reported on genetically modified crops Christian Science Monitor (hat tip reader Michael T)

Search for extraterrestrial life is growing SFGate (hat tip reader John D)

International outcry after Chinese dissident Liu Xiaobo sentenced to 11 years Times Online which was followed by a China Digital Times story on how searches for the sentence were blocked by the Chinese government (hat tip reader Michael T)

Tanker Glut Signals 25% Drop on 26-Mile Line of Ships Bloomberg (hat tip DoctoRx)

Why Christmas Eve? Tim Duy

Technology Predictions Are Mostly Bunk Wall Street Journal (hat tip reader John D). Now it’s official….

So Much for the Power of the Brand Michael Panzner

War on Wall Street as Congress Sees Returning to Glass-Steagall Bloomberg (hat tip reader Peter G). The problem is that this is a 1930s remedy for 2010 problems. On my top ten list of reforms, this does not rate, since reconstituted investment banks would have the same safety net underneath them as commercial banks. Remember, what governments around the world rescued last year was the credit market, not just the banking system.

Fed to offer term deposits to banks Financial Times

Information for Arrow Drivers Examiner and Arrow Trucking Customers Also Affected By Shutdown Newson6. This is an oddball story, courtesy reader John L. A trucking company folded. The trucks are without fuel where they stand. The cargo is usually bonded to some degree. The bonders are the ones with the muscle. The problem would be getting the cargo where you needed it to go, particularly now that the trucker is also being asked to front for the fuel. The last reported offer of $200 seems a tad light.

Was the GFC a mathematical error? Steve Keen, Business Spectator (hat tip Crocodile Chuck). Today’s must read.

Antidote du jour (hat tip reader Barbara):

tumblr_kv9ym2pTFP1qzpwi0o1_500