glass houses

where we last stood, ron paul was trying to audit the fed. well we've hit a roadblock. it's called the senate. it's not dead yet, which is a good sign and it's also gained some steam, which is also a good sign. but none of that matters if that twerp barney frank takes it and eats it during a senate finance hearing. he'll cover it with jam and eat it. i know he will. anyway, write your representatives and senators and tell them AUDIT THE FED!!!

i think it's amazing we're already talking about a 2nd stimulus bill when so little of the first one has been spent. seriously, what is the justification for a 2nd bill? the 1st one is not even out the door yet. most of it hasn't even been spent. apparently it's hard to spend billions of dollars. i'm not sure how that is so hard either. you buy lots of cds, fourteen houses, six cars and the moon and you've got yourself a billion dollars spent. watch out for this. if this starts gaining momentum, look out.

speaking of the 1st stimulus bill, where is that money? here is the answer.

here are the 500 biggest companies in the world.

rolling stone has an excellent, ranting article on goldman sachs. really good work.

speaking of speculative bubbles, remember john meriwether? the guy who got booted from salomon brothers and then almost brought down the market singlehandedly with long-term capital management? well his latest hedgefund just bit the dust. surprise, surprise.