Holy. Fucking. Shit. J.P. Morgan Chase (JPM), just bought Bear Stearns (BSC) for a whopping… wait for it… $2.00* a share. Goddamn it - I sold my Morgan Stanley puts based on technicals Friday. I made a few ducats, but cockroach theory (there’s never just one) says some other investment banks are […]

Goddamn, Ben Bernanke is one sorry fuck. Taking it in the ass from a Freedom citizen is weak fucking sauce.
After global stock markets roached hard on Martin Luther King Day, Mr. Bernanke cut interest rates by an almost unprecedented 0.75 percentage points before the U.S. markets opened. For the record, the […]

Normally, Housing Panic bashes Lawrence Yun quite well. Unfortunately, the chief cheerleader* recently made this dumbass statement, “although there could be some minor slippage in the first quarter, existing-home sales should hold in a narrow range before trending up,” which is so blatantly retarded that I have to weigh in and call bullshit. […]

Prizzo Skeezy readers down with the Countrywide (CFC) debacle will recall Bank of America (BAC) provided them with a two billion dollar capital injection (like a meat injection, except with cash money and no messy clean up) a few months ago. As part of that operation, BAC gained the right to convert the shares […]

I had the misfortune of being at Lenox Square - a major regional mall in Atlanta - yesterday. While the Apple store seemed pretty happening, the rest of the mall was deader than a freshly grilled Bubba Burger (i.e. about the same size crowd as usual). In contrast, the mainstream media (MSM) keeps […]