June’s Chicago Fed NAI suggests that another recession is close. The GAO audit of the Federal Reserve is out, 16 trillion in secret loans, lawlessness etc. etc.
Posts under ‘Corporate Welfare’
KPIG Radio / The Profit Motive June 27
Despite little significant data stocks marked decent gains for a second day. Following the usual spring and summer pattern Case/Schiller reported that home prices increased in April with a gain of .7% for the 20-City Index, the first advance in 8-months. 13 of the cities tracked posted a gain, 6 hit new lows, LA and [...]
Dodo Bird Bankers
When you subvert capitalism by saving the corporations from themselves. You no longer have a capitalist society but a fascist one – by definition.
KPIG Radio / The Profit Motive May 9
Earnings reporting looks to finish on weakness. Another bank goes to the receivers. Consumer credit expands further, yet the economy shows signs of reversal.
Excess Reserves + ZIRP = Free Money For The Banks
Zero Interest rate policy and excess reserves allow the banks to make money risk free using our tax Dollars. AKA the back door bank bailout.
Wall Street takes the taxpayer for a ride – again…
Such a deal! Borrow a $100 million from the Fed, buy crap, pledge it to the Fed as non-recourse collateral. If the crap tanks, you still have you Fed money.
No financial reform and no economic recovery.
Why too big to fail got even bigger, reform and regulation failed as a result and why financial reform has done nothing to prevent this from occurring again.
KPIG Radio / The Profit Motive April 1
Stocks gain in quarter one. Job growth has arrived. Manufacturing remains strong, construction spending slips. The Fed’s data release is “ahem” interesting.
KPIG Radio / The Profit Motive March 31
Manufacturing remains strong. Delinquencies continue to improve. Jamie Dimon says Muni defaults will be a significant issue. More Fed info on bank loans.
On Way Out, Barofsky Has Harsh Words for Treasury and About Tarp
SIGTARP Neil Barofsky’s thoughts on the Treasury, bailout programs and the banks. Missed opportunities, lack of planning, favoritism and political influence.
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. 
