click here for  >>>       PART 1       PART 2 What are We? – Stupid? – by Bruce Krasting -   I was disappointed with the Christmas Eve ditties from Treasury and FHFA re: the Agencies. To be honest, I was appalled. The two releases contained significant information. The timing was obviously an [...]

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To Our Clients, Colleagues and Friends,

CNBC listed the governments most likely to default on their bonds.  Starting with the most likely, they are, in order: Venezuela , Ukraine , Argentina , Pakistan , Latvia , Dubai , Iceland , Lithuania , California (huh?), and Greece .  No way will California default, but the rest look [...]

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  Good explanation – Harvard Swaps Are So Toxic Even Summers Won’t Explain – By Michael McDonald, John Lauerman and Gillian Wee – … “For nonprofits, this is going to be written up as a case study of what not to do,” said Mark Williams, a finance professor at Boston [...]

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  Police Officer Responds To “Six-Figure Federal Salary Gravy Train” Post – Michael Shedlock – Here is an interesting email from “David” in response to Six-Figure Federal Salary Gravy Train. The response was not what I expected when I first saw the Email. David Writes …. – MISH’s Global [...]

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