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03/15/2010, Monday
64 F
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*Timmy Must Be Fired, Or Obama Must Be Impeached
By Karl Denninger


The Jenner and Block report on Lehman just keeps on giving. Today I am going t...
*Buy Financials (Because I Was Right)
By Karl Denninger

Yes, that's sarcasm: The mortgage firms are looking at every loan more than 90 ...
*Bank of America - "Mistaken" Foreclosure Or Felony Crimina.....
From Karl Denninger's Market-Ticker

Oh, the Tampa Bay fishwrapper tries to claim that this was a "for...
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*Rancho Alegre - Fine Cuban Cuisine
Rancho Alegre   Savannah's only Authentic Cuban Restaurant. Delight in the great dishes served...
*Fernando's of Martha's Vinyard - Savannah
A waiter turned chef, now restaurateur, the name Fernando has become synonymous wi...
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*Chirbit is a free online tool for audio sharing
Chirbit enables users to record, upload, listen to and share sound bites easily. Chirbit is simple, usefu...
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InTheLoopSav.com is Savannah, GA based mobile messaging marketing/notification service that enable...
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03/15/2010, Monday
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Chatham County Commissioners - So fucking what if they contribute to, promote and give cover for a suspected, perhaps obvious fraud?

*Chatham County Commissioners - So fucking what if they contribute to, promote and give cover for a suspected, perhaps obvious fraud?

Strong Opinion

I had a craving and went to the beach for some grub. Turns out it was good grub exactly as I had expected. I walked on the beach to make myself feel better. I guess my blood is pretty thin as I was pretty cold but I sure am glad I had a good coat and a warm hat on. I always think about the big rim glasses with the attached nose and mustache but I left those in the car. 
 
It was a perfect day.

Lo and behold I observe someone taking a photo of the plaques on the Tybee Pier. I have to stop walking so I can allow the photographer to get their glory photo of the plaques so I take the time to read what they tell. Oh my God. There is fucking "Dr." Pris...


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Timmy Must Be Fired, Or Obama Must Be Impeached

*Timmy Must Be Fired, Or Obama Must Be Impeached

By Karl Denninger


The Jenner and Block report on Lehman just keeps on giving. Today I am going to focus on FRBNY's culpability in the apparent Lehman fraud - that is, the role that FRBNY (and thus Tim Geithner) played in keeping an insolvent institution afloat through the use of fraudulent artifices. We must look first to what the PDCF, or "primary dealer credit facility" was created to be.  The report does this for us: Under the PDCF, the FRBNY would make collateralized loans to broker‐dealers, such as LBI, and in effect, act as a repo counterparty. Unlike a typical counterparty, though, with the creation of the PDCF, the FRBNY was generally understood by market par...

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