2008-07-18

Too many things happening this week

I will need to sum up all this:
- SEC manipulating the markets
- Freedie Mac Willing to raise 10 b$ as share sales while it's market value is 5 b$ (after a short squeeze due to the SEC actions resulting in a 40-50% rise of the stock price in 2 days)
- Kucinich on his way for impeaching Bush
- Citi and Merrill making new and colossal write-downs
- Bunning vs. Paulson (See Mish and also a video on YouTube - found on Tanta's posts)
- Housing starts incorrectly interpreted as boosted by the market while the figures are just lifted by building code change (see also NYTimes: Homes Data Gets a Lift, by a Fluke)

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