Weekly Links

Again, some tasty tidbits to digest.

Dan D, The Fundamental View: Democrats Spring to Action
http://thefundamentalview.blogspot.com/2009/10/democrats-spring-to-action.html
A brief commentary on the impetus behind Obama’s announced move to put tighter regulations on Wall Street and banks. Oh well, it’s a step in the right direction, although I agree with Dan, the motives are painfully transparent, even if the government is not. Politics are an incredible study in human avarice, greed and deception, IMO.

Dan D, The Fundamental View: Barack Obama-Worst Poll Rating Drop in 50 Years
http://thefundamentalview.blogspot.com/2009/10/barack-obama-worst-poll-rating-drop-in.html
And this prior post providing one explanation of the moves that follow a drop in popularity. Change, my ass. This should have been well in the works. Agenda item #1. Instead, Obama waits until the public’s frustration with his administration’s support of Wall Street via Geithner, Sommers, and Bernanke shows up in the polls. Yuck.

Tyler Durden, Zero Hedge: AG Goes Postal on Caruso Cabrera
http://www.zerohedge.com/article/california-ag-goes-postal-caruso-cabrera
This Rocks!! CNBS is nothing but a wall street cheerleading squad, and here they get called out by AG Brown. I love it.

Barry Ritholtz, The Big Picture: Existing Home Sales Fall in September.
http://www.ritholtz.com/blog/2009/10/existing-home-sales-fall-in-september-09/
Well folks, more bogus data by the mainstream data sources, in this case the NAR who claimed that home sales were up 9.4% in September. How do these idiots get away with their spins? Easy, Americans are still lolled into complacency, or confused into paralysis.

The Naked Capitalist: How Well has the Federal Reserve Performed for America?
http://www.nakedcapitalism.com/2009/09/5324.html

Paul B Farrell, CBS Marketwatch: The Death of the Soul of Capitalism
http://www.marketwatch.com/story/americas-soul-is-lost-and-collapse-is-inevitable-2009-10-20?pagenumber=2
A scary and all too familiar tome on how America now finds itself past its prime, and on the downhill slope to the collapse of our capitalist society. It is hard to read this type of commentary, but I believe it is prudent to do so.