Submitted by Tyler Durden on 10/12/2010 07:27 -0500
Ben BernankeCalifornia Public Employees’ Retirement SystemChris WhalenCitigroupFloridaGoogleKarl DenningerMarc Faber
Marc Faber Says World Heading for “Major Inflection Point” (Bloomberg)French Strikes Disrupt Air and Rail Travel (NYT, BBC)Jobless America threatens to bring us all down with it (Telegraph)Will they be paid in gold? Fed’s latest reflation attempt comes via Wall Street, which is expected to pay $144 billion in bonus this year (WSJ) – this number represents 8% of M1Two Faces: Demystifying the Mortgage Electronic Registration System’s Land Title Theory, Christopher Lewis Peterson, University of Utah (SSRN, h/t Karl Denninger)States to Probe Mortgage Mess: Attorneys General Hope Lenders Will Re-Write Loans With Troubled Documents (WSJ)Citigroup Stops Using Foreclosure Law Firm Facing Florida Probe (Bloomberg)CalPERS Says it is cutting ties with La Jolla advisor Pacific Corporate Group (WSJ), many more severed relations to followPfizer to Acquire King Pharmaceuticals, Inc. (PR Newswire)Bernanke needs inflation for QE2 to set sail (FT)Three Weeks That Will Rock Wall Street (Forbes)Blow to plans for dealing with bank crisis (FT)Chris Whalen: Fed’s Zero Rate policy is destroying America (IRR)US warning to China on maritime rows (FT)Republicans Prove Unpopular With Voters Against Obama in Poll (Bloomberg)Google to map inflation using web data (FT)Regulators Could Seize Control of Failing Banks Under EU Plan (Bloomberg) 5 Your rating: None Average: 5 (2 votes)
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by John McCloy
on Tue, 10/12/2010 – 07:33
Anyone else awake for this mornings 4am futures magic?
Markets were down S&P 9.80
Login or register to post comments by The Rock
on Tue, 10/12/2010 – 07:36
$144B bonus huh? For workers that bring nothing of value to this society. FUCK THEM ALL!!!!!
Login or register to post comments by rocker
on Tue, 10/12/2010 – 07:45
But hey, it was less than expected. Or, as they would say, “Better than expected”.
Login or register to post comments by Jake Green
on Tue, 10/12/2010 – 07:37
Long, but well written article about foreclosure-gate
Login or register to post comments by snowball777
on Tue, 10/12/2010 – 07:42
I hope $144 billion buys them enough coke to stroke out.
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