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Paulson just confessed to extortion on national TV!

Paulson was just about 10 minutes ago “Do you think it’s right that bonuses are being paid to 28,000 Goldman Sachs employees at the tone of 600K a year while my constituents are losing their jobs, their homes and their kids cannot go to college this year?” […]

CIT group

Every day people ask me, why are you so bearish on stocks. Ironically, my answer has been the same for 3 years; nearly every publicly traded company is financially insolvent. Sure, they have decent earnings, report profits and what Wallstreet has accepted as healthy balance sheets. But if that was the case, not the perception, we wouldn’t have events like the one that’s happening today at CIT group. How can a company go from 0ver $10 a share to $0.35 a share in 6 months? […]