http://www.bloomberg.com/apps/news?pid=20601087&sid=aF0VQ.cbvEtI
QE is not working, and the long bond yield is threatening to choke off the "green shoots" and further kill the housing market....
The plan right now seems to be to make the banks look a lot stronger than they are so they can raise capital selling equity.
I'd say that his credibility as a financial reporter is shot at this point.
I think Macke was incredulous that CNBC was actually bringing in auto execs as part of the green shoots pump campaign. Something snapped inside...
Here it is.. http://www.cnbc.com/id/15840232?video=1128608144&play=1 It was gibberish, but I see it as more of a clue that Macke was deeply...
http://www.businessinsider.com/confirmed-jeff-macke-is-done-at-cnbc-2009-5 First Ratigan, now Macke. Did his conscience finally rebel...
http://www.businessinsider.com/henry-blodget-the-busted-saga-continuesmegan-mcardle-responds-to-nyt-reporter-ed-andrews-2009-5
He likely has Geithner and Summers looking for more magic beans.
This should surprise no one....
There is a bit of irony in this if you think about it- the financial reporter who is supposed to watch the Fed for the NYT failed to do a due...
http://www.google.com/hostednews/ap/article/ALeqM5inFZr1O1zSxPpgH9glULCEo5ldrwD98A4SQG0
http://zerohedge.blogspot.com/2009/05/flagrantly-visible-hand.html
<p>http://market-ticker.denninger.net/archives/1051-WHERE-ARE-THE-DAMN-COPS-BAC.html</p> <p dir="ltr">Well here's the chart of trading in BAC...
Now GS is going to start gobbling up little banks that are actually much healthier and safer than GS to expand its deposit base and spread around...
Is GS going to repay the tens of billions they were funneled via AIG?
Now there's a good Dem who is worried about global warming.
A lot of their expenses were because of their divorced status.
She was a joke of an appointment in the first place.
You must really be dumb if you are insider trading and your portfolio drops 75%...
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