Think of this as Volume 12, Number 10 of A-Clue.com, the online newsletter I've written since 1997. Enjoy. A quiet economic war is now being fought and the future of Europe hangs in the balance. As with much of the Cold War this struggle is mostly happening in secret. Unlike the Cold War (until, as ...

We just gave AIG $30 billion.  AIG is also suing us over a tax matter, so we’re paying to sue ourselves.  And now we’re going to pay for AIG to defend itself from … it’s former CEO: This is sad and kind of awesome. Maurice “Hankâ€� Greenberg, the man who built up AIG into the g...

Yves Smith lays out just how stupid Treasury Secretary Geithner's proposal is. I think these are the key points (italics mine): Read the rest of this post... | Read the comments on this post......

Jacob A. Frenkel - AIG vice chairman, former Israeli central banker, and wanker : Jan. 30 (Bloomberg) — At the World Economic Forum two years ago, Nouriel Roubini warned that record profits and bonuses were obscuring a “hard landing� to come. “I really disagree,� countered Jacob Frenkel , ...

I want heads on pikes, and I mean it: Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community’s top legislative priority. Participants on th...

Well … maybe not so much.  At least from my point of view (NYC) there’s not nearly as much going on as last year. With that out of the way, I have to ask you a question - isn’t this just awful? Now that Walter Noel is in trouble for steering $7.5 billion into the Bernie Madoff abys...

If you're inclined, send Elizabeth Warren an attagirl email. ewarren at law dot harvard dot edu Where'd the bailout money go? Shhhh, it's a secret You know all that money we gave the damn banks? Well, be grateful they took it and now go away. Think you could borrow money from a bank without saying w...

First it was the banks .  Then AIG .  Then Shittybank . Then the automakers .  Now it’s the former millionaires created by Bernard Madoff . One week ago, Ronnie Ambrosino was a millionaire. One week ago I owed less on my student loans than I do now. Now, Ambrosino is among the lo...

UPDATE: Before you read about Madoff, take a look at Preznit Bunnypants ducking to avoid thrown Iraqi shoes.  Sure he’s a war criminal, but he’s got pretty good reflexes for an old dude. ___________________________________________ This Ponzi scheme will probably be the largest and longest-...

Remember Plymouth?  Oldsmobile?  Those car brands disappeared mostly because they duplicated another line’s models (in this case Dodge and Buick) by just changing the badges.  “Badge engineeringâ€� some called it. Now GM must slim down. ...