Critical Condition

Henry Blodget takes Bank of America to the woodshed. Didn’t need a crystal ball for this one.

http://www.businessinsider.com/bank-of-america-mortgage-risk-2011-8

End Of The Beginning

Bill Gross says it’s not over for the U.S. and Europe, and growth is slowing down. We’re inclined to agree.

http://finance.yahoo.com/news/Gross-Says-US-Europe-Face-bloomberg-2362759300.html?x=0&sec=topStories&pos=5&asset=&ccode

And The Band Played On

Merrill Lynch needs to throw Bank of America overboard. Oh, right.

http://www.investmentnews.com/article/20110828/REG/308289992/-1/INIssueAlert01

Cramer vs. Berkowitz

If Jim Cramer hates it, it’s probably a buying opportunity. Hawkinvest agrees.

http://seekingalpha.com/article/288281-cramer-and-berkowitz-weigh-in-has-bank-of-america-stock-bottomed

Has Warren Jumped The Shark?

Mr. Buffett, it’s the President. Him again?

http://finance.yahoo.com/news/Obama-Talks-to-Buffett-About-bloomberg-2103488222.html?x=0&sec=topStories&pos=9&asset=&ccode

From the Department of Redundancy Department

Goldman Sachs CEO Lloyd Blankfein hires outside counsel..you don’t say.

http://online.wsj.com/article/SB10001424053111903327904576524821237618438.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Reversal of Fortune

After posting stunning returns, John Paulson now makes an easy target.

http://www.robertsinn.com/2011/08/21/from-genius-to-cannon-fodder-in-less-than-a-year/

Downgrade This

The Justice Department sends Standard & Poor’s to the Principal’s Office. Interesting timing.

http://finance.yahoo.com/news/Report-Government-probe-of-apf-269452809.html?x=0

The Mt. Everest of Hypocrisy

The U.S. Government says Exxon didn’t get the paperwork in on time. Even by Washington standards, this is hard to comprehend.

http://online.wsj.com/article/SB10001424053111903596904576514762275032794.html?mod=WSJ_hp_LEFTWhatsNewsCollection#articleTabs%3Darticle

Ride The King's Highway

T. Boone Pickens maybe on to something.

http://www.tulsaworld.com/opinion/article.aspx?subjectid=213&articleid=20110814_213_G6_Mostev148769&r=7371

Alternate Reality

Obama suggests Standard and Poor’s is playing politics with our credit rating. Really?

http://www.investmentnews.com/article/20110814/REG/308149998/-1/INIssueAlert01

Interesting article on the Stock Market from Marc Cuban ...

http://blogmaverick.com/2010/05/09/what-business-is-wall-street-in/

Pain Threshold

Bernanke wants to keep rates artificially low until 2013, not everyone is on board.

http://www.bloomberg.com/news/2011-08-10/bernanke-s-interest-rate-timeframe-draws-most-negative-votes-in-18-years.html

The Known Devil

Investment News suggests we’re headed into another recession, exactly when was that recovery again?

http://www.investmentnews.com/article/20110807/REG/308079972/-1/INIssueAlert01

Making Sausage

The Fairholme Fund holds 92.7 million shares of BAC, this won’t be pretty to watch.

http://online.wsj.com/article/SB10001424053111903454504576487940015595716.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Brokedown Palace

Output is still nowhere near pre-recession levels, time to throw the baby out with the bathwater.

http://online.wsj.com/article/SB10001424053111903885604576486001046286690.html?mod=WSJ_hp_LEFTTopStories

Stall Speed

The New Yorker suggests the recovery has stalled, and we are verge of a double-dip recession. Is this news?

http://www.newyorker.com/online/blogs/johncassidy/2011/07/gdp-shocker-us-on-verge-of-double-dip-recession.html

Forced Marriage

Bank of America considering sale of Merrill Lynch? This was a bad deal from the start.

http://www.fiercefinance.com/story/bank-america-might-ponder-merrill-lynch-sale/2011-07-28