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Date Sent: 2008-07-15
Freedom's Phoenix Headline News for Tuesday, July 15, 2008 |
Credit Fallout is Just Beginning - The Greatest Crime in History
After IndyMac, Who's Next? Downey Financial? - Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings - Getting Out of Iraq by U.S. Rep. Ron Paul, M.D. (R-TX) - How Many Bullets Does The Fed Have Left? - Homeland Security Pushing Really Insecure RealID Program - Citigroup's $1.1 Trillion of Mysterious Assets Shadows Earnings - In Mexico, "hitmen" advertise on the web - IndyMac depositors line up for cash after seizure - Obama aims to send 10,000 more troops to Afghanistan
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News Link • Federal Reserve
Credit Fallout is Just Beginning - by Bill Fleckenstein
7-14-08
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articles.moneycentral.msn.com
I think we're in about the second inning." (That guess is not so dissimilar to that of a friend I call the "Lord of the Dark Matter," who says he doesn't know what inning it is but is sure it's going to be a double-header
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News Link • Federal Reserve
WaMu Could See $26 billion in Losses
7-14-08
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CalculatedRisk.blogspot.com
Comments from Lehman Brothers that beleaguered thrift Washington Mutual Inc. could see $26 billion in total losses from items on its balance sheet and struggling National City Corp. being forced to assert it is still creditworthy only added to the an
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News Link • Federal Reserve
Something Happening at WAMU This Minute!
7-14-08
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MrMortgage.ml-implode.com
I noticed a line out of my local WAMU branch this morning. I then drove a few miles away and saw another branch with many people in line. I talked to someone there and they said the lines started before the bank opened and many people are sweeping th
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News Link • Federal Reserve
Jim Rogers: Freddie and Fannie Bailout "Unmitigated Disaster"
7-14-08
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Bloomberg.com
``They're ruining what has been one of the greatest economies in the world,'' Rogers said. Bernanke and Paulson ``are bailing out their friends on Wall Street but there are 300 million Americans that are going to have to pay for this.'
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News Link • Federal Reserve
Paulson Crosses Rubicon and Lands In 5th Dimension
7-14-08
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Michael Shedlock / Mish
Paulson now seems to be acting on the principle that as long as one is telling lies there is no additional harm in doing it with gusto. Otherwise it is very hard to explain how an "unlimited lending line"can possibly have "terms and co
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News Link • Energy
Oil Brings Americans Closer to OPEC Debtor Dependence
7-14-08
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Bloomberg.com
Holdings of Treasuries by oil producers and institutions such as U.K. banks that are proxies for Middle East nations rose 44 percent this year to $510.8 billion through April, four times faster than the rest of the world...
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News Link • Federal Reserve
Operation "Rescue Fannie" Underway - Paulson a Blatant Liar
7-13-08
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Michael Shedlock / Mish
"Operation Rescue Fannie" has now morphed into a taxpayer bailout of Bill Gross, China, and anyone else that levered into buying Fannie Mae garbage. It is a moral hazard to the highest degree, for bondholders to be made whole in this mess.
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