Tyler Durden (Zero Hedge) writes:
Even Moody's Thinks Fed's "Adverse Case" Is A Joke

When even Moody's chimes in and notes that the Fed's "Adverse Case" assumptions are in line with their "Base Case" assumptions, one can't help but wonder in what parallel universe the Federal Reserve is expecting to see its optimistic outcome realized, especially ( Read more... )

Barry Ritholtz writes:

Leave it to the clever boys at Goldman Sachs to turn dross into gold: They have come up with a way to hide massive losses so clever, it requires special comment: The Orphan Month.

Yesterday, we noted that the bulk of their profits had come from AIG transfer payments - the theft from taxpayers AIG 100% payouts funded via ( Read more... )