Monday, May 04, 2009

Faith In Government Criminality ...

For those who do not have it (faith in government criminality) yet, some links to broaden the view (banking and financial industry in the spotlight):

New Stress Trial Balloon Floated @ naked capitalism
A Conflict of Interest is Not a Conflict of Interest If It Involves Goldman @ naked capitalism
Fed to Prop Up Commercial Real Estate Loan Pre Expected Implosion @ naked capitalism
Leaking under stress @ Paul Krugman
Bank capital hocus-pocus @ Paul Krugman

and the culmination at "finem respice" :
I Can Only Hope This Proves To Be Inflammatory Nonsense and Less Than Desired Duplication

some additional background info for beginners at The Baseline Scenario:
Irreversible Errors and Zombie Oligarchs

every lemming of style-drifting Buffett is obliged to buy Wells Fargo (WFC) now, even as S&P puts it on Watch Negative ... WFC is the second best stock at S&P100 today (as I write +21.5% on day). If the father Buffett says he is fine with WFC, why should anyone care of any capital raise?
No probs to put it in the context of Rational Expectations Hypotesis ... creditors are paid after shareholders get their buck, now. Rating clowns.


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