It appears that tax cheat Tim Geithner may be out of favor with King Obama. Dot.Con Man Henry Blodget has some insight
The Big Picture
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]
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Foreclosure Tsunami About to Hit California
Massive wave of foreclosures hitting California this month […]
The Big Picture
Global Shippers: Recession till 2012
Global shipping leaders are bearish on world economy, and oncoming glut of new ships, with fewer customers. […]