All Things Tech

Throughout his tenure, the CEO of Goldman was borrowing tens of billions of dollars to buy back his own company's stock and pay out executive bonuses. The whole time he told regulators, investors and clients that they had more than enough money on their balance sheet to risk in the markets, right into the teeth of the financial collapse of 2008…and weeks after publishing his third quarter 2008 ... read more

One of the primary tenets of my theory called Revolutionomics is that those who empower, win; and that those who try to control, lose. This theory applies to governments as people tend to fight oppressors, and it applies to businesses as well. And on the Internet, it applies to everything. That is, people will always migrate towards any site that empowers them to easily access or distribute ... read more

So PPIP, one of the largest wealth redistribution upwards in the history of our planet (second only to TARP and ahead of TALF...but then where does Fed setting rates below the market for banks fit it?...I digress) is a go after all. U.S. Treasury May Tap Eight to 10 PPIP Asset Managers This Week - Bloomberg You should be sickened, angered and ready to fight the ... read more

I'm walking down the 47th street yesterday and a dude in a suit on the sidewalk hollers out, "Hey, Cody -- what do I do about my Motorola?" Yup, even as the financial marketplace as we knew it in our lifetimes died in the last year or so, even as the economy turned recessionary and the stock markets plunged, even as credit has dried up, the world still goes on. Investments must be made, gambles ... read more

The Democrats like to say they're for helping poor people get a level playing field and perhaps even a leg up. The Republicans like to say that they're for preserving your rights and perhaps even honoring the Constitution (though it's a little bit radical among the Republicans to actually use the C-word). Tell me why then, the Democrats want to punish the renters and other non-ownership-class ... read more

Citigroup has taken in tens of billions of dollars in direct welfare infusions from TARP in order to make payroll and keep the lights turned on. Vikram Pandit, the CEO who's also the guy who started a hedge fund using money fronted from giant investment banks like Citigroup and sold the start up hedge fund to Citigroup so that it could risk and lose its depositors money in the stock market, had ... read more

Here are some of my tweets from this week. You can follow me in real time at http://twitter.com/codywillard. I love watching Kucinich make the lyin', cheatin' Ken Lewis of BofA squirm! Confidence in the market will return when Ken's in jail. Wednesday's Shot Clock- "1 Tom Golisano IS the Illuminati. 2 Ron Paul: Also Part of the Problem. 3 And What Do YOU Stand For?" http://bit.ly/1vmHJP ... read more

You just can't separate politics from the stock market today. All the covert corporate welfare and overt social welfare policies that our economy used to be able to overcome are now much too big and stark in their premise that I find myself writing about politics and policies even when I start off on what I mean to be a totally market-focused blog post. It didn't use to be like this. From ... read more

If you've been rich enough to be in the ownership class or if you've recently used the system's own money to join the ownership class even though you weren't actually rich enough to do so (people who are living in homes that they "bought" with no-doc loans, for example) then you live in a house subsidized with welfare money and you probably drive a car subsidized with taxpayer largesse to job that ... read more

Got a new intern who's gong to start compiling the trading/business/economic posts from my http://twitter.com/codywillard account every couple days into a read-able blog post. Here's a batch from the last 24 hours: Banks/Politics (is there a difference anymore? no!) The same banks that have taken ... read more