US Comptroller of Currency COMPLETE Captive of TBTF Banks


As we’ve often pointed out, reading the New York Times is almost always a bit of a hermeneutic experience …

The “official” news is usually at the top, followed by the necessary background, [br]

but it’s only towards the end that you get at what’s REALLY going on … 😉 …

China: Rio Tinto Convictions Imply Belief in Continued Growth


30 March 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com

When four executives from Rio Tinto, the giant Anglo-Australian mining company, were arrested last July on charges of stealing commercial secrets, as well as taking and receiving bribes from Chinese officials, [br]

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Chinese Company Geely To Buy Volvo, Swedish Car Icon


The purchase of Volvo, one of Europe’s most storied brands, shows how China has emerged not just as the largest auto market by number of vehicles sold in the last year,

but also as a country determined to capture market share around the globe.

Potential Downside of Google “Exit” for China Internet Giants


While the Google / Chinese government drama is far from played out,

one aspect of the situation that hasn’t received much attention are the potential implications for China’s own Internet giants.

Obviously, access to China’s huge domestic market is a key prize in the global media sweepstakes, [br]

Bank of America To Forgive SMALL Amount of Principal on Housing Debt


While far from anything like what a) NEEDS to be done or b) COULD be done,

the fact that a major American mortgage holder is – for the first time – willing to reduce the PRINCIPAL on houses that are “underwater” —

Viacom Says YouTube Ignored Copyrights


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Pointing to internal YouTube e-mail messages, Viacom said in a court filing that the video site’s founders turned a blind eye when users uploaded copyrighted clips so they could amass a big audience and sell the company quickly.

China: Krugman, New York Times Editorial, Beltway Gang ALL Wrong re Currency Devaluation


Conventional academic economics is a disease.

Despite its pretensions and mathematical “certainties,” there is no branch of social science more dis-connected from its alleged subject matter than economics – and that is saying something, something not good.

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Lehman & Repo 105 = Goldman & Greece: The Global Finance System Has Irreversibly Failed


15 March 2010.

Even for freaks like us, a nine-volume, 2200 page report – like the one analyzing the Black September 2008 collapse of Lehman Bros, compiled under the direction of court-appointed Bankruptcy Trustee Anton Valukas, former Federal prosecutor & chair of the Chicago corporate law firm Jenner & Block – is a bit much to swallow in one bite.

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Goldman Derivatives’ Ugly Double Role in Greek Tragedy


27 February 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com.

27 February 2010. By David Caploe PhD, Chief Political Economist, EconomyWatch.com.

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Goldman Made Greece Eurozone Crisis Worse – For Big Profit


By David Caploe PhD, Chief Political Economist, EconomyWatch.com, 16 February 2010


By David Caploe PhD, Chief Political Economist, EconomyWatch.com, 16 February 2010

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