Comments on: Audit Interview: Jack Dolan

By: Steve Barry

Steve Barry — Sun, 21 Dec 2008 14:18:21 +0000

Here is my major prediction for what is next…January and February will be “Hedge Fund Smoldering Crater Time”…you will see BREAKING NEWS updates every day on CNBC with another heedge fund blowing up and major name investors losing a lot of money.

By: Dow

Dow — Sun, 21 Dec 2008 05:41:23 +0000

Still find it fascinating that an ex-con could get licensed as a mortgage broker in Florida but can’t vote for President of the US in an election.

By: karen

karen — Sun, 21 Dec 2008 03:32:00 +0000

Bruce, good word! I may end up embracing that word; but the moment, i’m very curious about the “shadow economy” that may become less transparent in the coming months.

By: Bruce in Tn

Bruce in Tn — Sun, 21 Dec 2008 03:24:21 +0000

You are right, Karen, as usual…but my new word for 2009 is inertia..a wonderful word from the world of physics, but also applicable to the coordinated deleveraging going on now…actually inertia can be the tendency to become inactive or in physics to resist change. Both these definitions would probably apply to our economy here.

By: DP

DP — Sun, 21 Dec 2008 02:32:55 +0000

What officially defines depression anyway? We had thought that recession was two consecutive quarters of negative GDP, but that turned out not to be the case.

By: karen

karen — Sun, 21 Dec 2008 01:30:32 +0000

Bruce, i wish you’d posted that last night when i needed to curl my hair for a party… seriously, though, let’s at least give the new administration a chance to provide a glimmer of integrity and a pragmatic plan. A little confidence could go a long way.

By: Bruce in Tn

Bruce in Tn — Sun, 21 Dec 2008 00:04:56 +0000

Here is an interview that will curl your hair.

http://seattletimes.nwsource.com/html/businesstechnology/2008541560_depressionchance20.html

50% chance of depression forecast

Who are these NBER whiners anyway? I thought they only knew about RECESSIONS, not DEPRESSIONS…?

I guess my only question is: If these folks are the ones to certify a depression, can it wait until, say 2010 before I find out?

Now have a very nice day…

By: AGG

AGG — Sat, 20 Dec 2008 21:04:29 +0000

This isn’t hard. If it could be sold, they sold it. Morality or law or regulation never entered into it. I’m sure there are kick backs that go all the wayto Jebby. If they look hard enough, but of course they will stop before “important assholes” are implicated (and that will trigger another round of bribes). For the recalcitrant few loud mouths, cemment shoes will be ordered.

By: Winston Munn

Winston Munn — Sat, 20 Dec 2008 18:54:18 +0000

If it doesn’t leave a stain it isn’t News – unnamed Fox spokesperson.

By: GRV305

GRV305 — Sat, 20 Dec 2008 18:08:47 +0000

This is very different from the SEC-Madoff situation. Oh, wait