Archive for February, 2008
Cryptogon Readers Send Contributions
February 27th, 2008The pace has been so hectic over the last couple of days that I haven’t acknowledged the generous contributions that have come in. AT $20 GW $50 BW $20 CS $50 Thank you. Oh yeah, there was one more… Dagobaz sent $1,001. That’s one thousand and one dollars. Becky came running in with the baby […]
FDIC TO ADD STAFF AS BANK FAILURES LOOM
February 27th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The balance in my U.S. bank account? About $83. I know that many of you keep substantially more money in U.S. banks, so please watch your FDIC limits. Via: Wall Street Journal: The Federal Deposit Insurance Corp. is taking steps to […]
GREENSPAN TO ARAB STATES: DROP U.S. DOLLAR
February 27th, 2008Via: Reuters: Former Federal Reserve Chairman Alan Greenspan said on Monday near-record Gulf Arab inflation would fall “significantly” were the oil producers to drop their dollar pegs, in contradiction to Saudi policy. The pegs restrict the Gulf’s ability to fight inflation by forcing them to shadow U.S. monetary policy at a time when the Fed […]
EMERGENCY: U.S. DOLLAR INDEX STRATEGIC DOWNSIDE BREACH OF 74.50
February 27th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. 74.39. It’ll be all hands on deck to try to slow this down. This is an emergency for the European Central Bank.
Housing in Freefall: No End in Sight
February 27th, 2008Via: AP: House prices may still have a long way to fall. Across much of the nation, home values are dropping — even those backed by solid mortgages — and banks are repossessing more every day. Most experts say the dive won’t hit bottom for another year and only after excess inventory is sharply reduced […]
Millions Lost Power in Florida
February 27th, 2008So fragile. Via: Miami Herald: Power has been restored to the vast majority of the millions of South Floridians and other state residents who endured a major blackout Tuesday — a failure caused by a fire in a Miami-Dade County substation, according to utility officials. Virtually everyone in South Florida had power by 5:30 p.m. […]
U.S. Spies Want to Find Terrorists in World of Warcraft
February 27th, 2008Practice models for SEAS? It’s too early for April Fools… Via: Wired: Be careful who you frag. Having eliminated all terrorism in the real world, the U.S. intelligence community is working to develop software that will detect violent extremists infiltrating World of Warcraft and other massive multiplayer games, according to a data-mining report from the […]
Gold Breakout Higher, Oil Breakout Higher: Watch the Dollar Now
February 27th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Gold and oil are, right now, setting fresh all time highs. How about the dollar? While EUR/USD has hit an all time high at 1.5047, the European Central Bank has probably tried to calm things down a bit, looking at the […]
Guatemala to Expose Army Torture Files
February 26th, 2008Somehow, the Reuters article below doesn’t mention the CIA even once… As usual, the reader needs to look elsewhere for the basic, contextual facts: Jennifer K. Harbury Knows American Torture Starts at the Top, and It Has for Decades: …my husband had indeed been captured alive, had been held for two and a half years […]
Banks Lose in Court to Deadbeat Homeowners as Loans Sold in Bonds Vanish
February 26th, 2008Please make sure you get some of this fine calliope music playing before you read on. Down payment: $0 Liar loan origination fees: $5000 Preventing a bank from foreclosing on you because they can’t prove they own the note: Priceless. Via: Bloomberg: Joe Lents hasn’t made a payment on his $1.5 million mortgage since 2002. […]
