Archive for August 11th, 2009

Bankruptcy Watch – Taylor Bean

Tuesday, August 11th, 2009

http://online.wsj.com/article/SB124949523458308423.html

Taylor Bean ceased all of its Mortgage related activites a few days ago, and will file bankruptcy this week.    FHA pulled the plug on them for undisclosed financial reasons.

Private mortgage lenders can’t compete against Freddie Mac and Fannie Mae with a bottomless pit of free government bailout money.   The same thing will happen to Health Insurance if ObamaCare passes.

Ben Stein “fired” by NY Times

Tuesday, August 11th, 2009

I’m certain this is one of the signs of the End Times.

The NY Times and Alex Jones are on the same side of an issue.   The Times has been really ramping up criticism of Henry Paulson and his connections with Goldman Sachs and the tentacles they have inside the U.S. Treasury, and how they are systematically using those connections to plunder the government coffers.  

Oh sorry, my mistake.   The NY Times just hired Goldman Sachs to find a buyer for the Boston Globe Newspaper as the company thrashes around in its final death throes.   Maybe I was thinking of the Wall Street Journal.

The Lefty bloggers are somewhat divided on the Goldman issue – they hate banks, they hate profit – but they also know Tim Geithner holds the purse to Barack Obama’s spending binge.

According to this story,

http://www.prisonplanet.com/ny-times-reporter-i-was-fired-for-criticizing-obama-goldman-sachs.html

Ben Stein was kicked off the NY Times over his criticism of President Obama, which they deny.   Ben Stein’s editors had previously spiked a column of his asking what the legal authority was for President Obama and his foot soldiers to fire Rick Wagoner from GM, which at the time was not government controlled.  

Ben Stein is now drawing parallels between the Obama administration and Nazi Germany, including one on Glenn Beck’s show.   He also is loudly connecting the dots of Eugenics and the Holocaust.  Sounds pretty “fishy” to me.

I wonder if Ben Stein has the time or interest to do a syndicated radio show….

230 MPG

Tuesday, August 11th, 2009

Todaya is 8/11

The 230 is GM’s preposterous claim that the Volt electric car will get “up to” 230 miles per “gallon”.   If you drop a Volt out of an Air Force cargo plane from 30,000 feet, it will get over 10,000 miles per gallon.

Bankruptcy watch – CIT

Tuesday, August 11th, 2009

It’s back.   CIT staved off bankrupcty for a few months by entering into a horrible deal with its bondholders.   The time’s up.

CIT is down about 20% this morning amid speculation that they will still fall into bankruptcy.