reminder
1) write smthg decent on corellation between ABS, MBS' TALF and Offshore SPVs. media don't understand/ignore importance of offshore SPVs in the crisis. citi $1.2T in such a vehicle(s) i.e. off-ballance.
2) write about GM & Co. labor cost, to continue previous post, deeper explaination UAW role, shadow deals. Ford: $70.51 ($141,020 per year), GM: $73.26 ($146,520 per year), Chrysler: $75.86 ($151,720 per year) vs. taxpayers with minimum wage of $6.55, (just increase on July 24, 2008 from $5.85) are bailing out someone who makes $151,720 per year? Absurd.
3) China stimulation 4T RMB vs. corruption (mention story about goldman's $2.6B for 5% of stake in pre-IPO ICBC). free float RMB as other fiat money doing.
4) sometimes, an idealist thought could be quite romantic, sometimes, that makes life more interesting. restructure for lj the idea.
2) write about GM & Co. labor cost, to continue previous post, deeper explaination UAW role, shadow deals. Ford: $70.51 ($141,020 per year), GM: $73.26 ($146,520 per year), Chrysler: $75.86 ($151,720 per year) vs. taxpayers with minimum wage of $6.55, (just increase on July 24, 2008 from $5.85) are bailing out someone who makes $151,720 per year? Absurd.
3) China stimulation 4T RMB vs. corruption (mention story about goldman's $2.6B for 5% of stake in pre-IPO ICBC). free float RMB as other fiat money doing.
4) sometimes, an idealist thought could be quite romantic, sometimes, that makes life more interesting. restructure for lj the idea.