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Keyword: gasparino

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  • ‘Inequality’ insanity

    05/13/2014 9:03:40 AM PDT · by QT3.14 · 5 replies
    NY Post ^ | May 11, 2014 | Charles Gasparino
    The right is dropping the ball when it comes to Thomas Piketty’s much heralded and totally flawed book on inequality, “Capital in the 21st Century.” This long and lugubrious opus is really an open sore, replete with so much absurdity that shooting it down should be like shooting fish in a barrel. The left has embraced this rant against capitalism — and conservatives should be tying them to it, to expose where all the class-war rhetoric would really bring us.
  • Crony capitalism & Joe Biden’s brother

    10/23/2012 11:18:12 AM PDT · by DFG · 10 replies
    NY Post ^ | 10/23/12 | Charles Gasparino
    James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a construction company and share in the winnings of a $1.5 billion project to build affordable homes in Iraq? If you said it has something to do with his last name, the one shared by his older brother Vice President Joe Biden, you wouldn’t be far off. At least that’s the guess of some Wall Street analysts who cover the Marlton, NJ-based company Hill International and think they’ve seen yet another sordid tale of crony capitalism. Hill has been...
  • Gasparino Goes After Warren Buffet on Fox Business Today

    01/31/2012 10:57:31 AM PST · by RinaseaofDs · 22 replies
    Fox Business Channel | 1/31/2012 | Charlie Gasparino
    Gasparino actually said in plain English: 1. The 2008 Real Estate Bubble was caused in large part by the three ratings agencies 2. That Warren Buffet had ownership of Moody's and made millions at the time. 3. That the Lubrizol purchase was a continuation of a trend that Buffet has shown toward these sorts of ethical lapses in very large, economy moving transactions. So far, this is the very first time that anyone in the MSM has uttered such things, and the last place I thought I'd see it was on a Fox channel. Kudos to Gasparino for actually reporting...
  • EDITORIAL: America abandons Obama

    07/30/2011 6:04:44 AM PDT · by no dems · 81 replies
    The Washington Times ^ | July 29, 2011 | Editorial Board
    So much for hope and change. With the economy growing worse and worse, the grand promises of Barack Obama’s 2008 campaign have faded as the reality of malaise takes hold. Mr. Obama has vowed to spend $1 billion in advertising dollars to counteract the effect his policies have had on the nation. The GOP’s campaign chief met with The Washington Times on Friday to discuss why that’s not going to work. “I think this [election] is a referendum on Barack Obama,” said Republican National Committee (RNC) Chairman Reince Priebus. “The people in this country are going to ask themselves a...
  • GASPARINO: White House Privately Telling Bankers That We Won't Default If Debt Deadline Missed

    07/25/2011 12:22:05 PM PDT · by SeekAndFind · 13 replies
    Business Insider ^ | 07/25/2011 | Joe Weisenthal
    It's looking more and more likely that Congress will not hit the August 2 deadline, but according to Charlie Gasparino you should have no fear. He reports that in secret, the administration has been making calls to Wall Street, telling bankers that the administration will find a way to avoid no matter what. It's not clear what that means: Payment prioritization, the 14th Amendment option, or perhaps some new special measure Geithner could pull out to conserve cash? That being said, the Administration reportedly does believe that a downgrade is still likely without a deal that cuts costs. A lot...
  • Ponzi socialism : Why Europe's malaise could come here

    01/07/2011 6:11:40 AM PST · by george76 · 11 replies
    NEW YORK POST ^ | January 6, 2011 | Charles Gasparino
    I Have seen the future, and it doesn't work... The reason is pretty simple: The Bernie Madoff-like Ponzi scheme of big government has been squeezing the productive class and redistributing its tax dollars and innovation to everyone else for years -- and is finally reaching its boiling point. And the way things are going, we're probably not far behind. Barcelona met the new year with the sort of subdued celebration that only 40 percent unemployment can bring. Once-swanky shops and restaurants along grand boulevards such as the Avinguda Diagonal remain vacant... Across Europe, private-sector jobs are disappearing, while governments face...
  • Stop Blaming Ben! (Bernanke does not deserve all these crap)

    11/17/2010 6:31:32 AM PST · by WebFocus · 23 replies
    The Daily Beast ^ | 11/17/2010 | Charles Gasparino
    Ben Bernanke is emerging as a high-profile scapegoat as critics ridicule his new "quantitative easing" policy. Charlie Gasparino on why mocking the non-partisan Fed chair is bad for America. __________________________________________________________________________________________________________________________________________________________________________ Here's how you know Ben Bernanke, the mild-mannered chairman of the Federal Reserve, a scholar of the Great Depression once considered a sage for saving the banking system during the 2008 bank meltdown, has suddenly found himself a target of ridicule lumped in with the financial morons and evildoers like Dick Fuld, Lloyd Blankfein and the rest of the fat cats of Wall Street. Go to YouTube.com, and one of...
  • Gasparino: Media 'Cheerleaders' Mean 'Ideologue' Obama and Dems Won't Pay in November

    03/25/2010 9:31:34 AM PDT · by 198ml · 54 replies · 1,259+ views
    Newsbusters ^ | 03/25/10 | Anthony Kang
    Conventional wisdom on the right and left has been that President Obama and the Democrats will pay a heavy price in the November mid-term elections for passing the deeply unpopular health care reform bill. But Fox Business Network's Charlie Gasparino isn't so sure. Gasparino appeared on the network's "Imus in the Morning" on March 25. "They can all get even in November then," Imus said of conservatives and Republicans. But Gasparino pointed out the indispensable weapon liberals have their side: the "cheerleading" news media. "You know, listen - there's not a lot of good reporting on this stuff, and that's...
  • How Wall Street Collapsed--The Last Time

    11/01/2009 9:46:34 PM PST · by bruinbirdman · 20 replies · 1,102+ views
    Forbes ^ | 10/30/2009 | Charles Gasparino
    [Excerpt] "Sometimes our technology, in creating these securities, outpaces our ability to cope with them." That's what Larry Fink told the New York Times in May 1987 when asked about Howie Rubin's trading disaster. In the past, Fink would have made that statement to a reporter and then celebrated with his team the fact that one of his competitors, particularly one like Merrill Lynch, which he saw as a pesky upstart in the field he aimed to dominate, was now being nailed with massive losses. But Fink wasn't celebrating, because, much like Howie Rubin, he had just gotten his first...
  • BLAME SPITZER: HIS AIG PROBE TRIGGERED FIRM'S BIGGEST MISTAKE

    04/20/2009 2:51:50 AM PDT · by Scanian · 7 replies · 430+ views
    NY Post ^ | April 20, 2009 | Charles Garparinoo
    SO maybe Eliot Spitzer did kill AIG, after all. Nobody doubts the in surance giant is basically kaput, or that the promix ate cause is billions in losses in obscure instruments known as credit-default swaps, or CDSs. But American International Group didn't go deadly deep into CDSs until after New York Attorney General Spitzer had forced out Maurice "Hank" Greenberg out as CEO. GO back to March 2005, just days after Spitzer scored his biggest scalp during his eight-year tenure as the Sheriff of Wall Street by compelling Greenberg's departure. The new CEO, long-time AIG executive Martin Sullivan, held an...
  • Blame Spitzer : His AIG probe triggered the firm's biggest mistake

    04/20/2009 7:14:02 AM PDT · by SeekAndFind · 12 replies · 753+ views
    New York Post ^ | 4/20/2009 | CHARLES GASPARINO
    SO maybe Eliot Spitzer did kill AIG, after all. Nobody doubts the in surance giant is basically kaput, or that the promix ate cause is billions in losses in obscure instruments known as credit-default swaps, or CDSs. But American International Group didn't go deadly deep into CDSs until after New York Attorney General Spitzer had forced out Maurice "Hank" Greenberg out as CEO. GO back to March 2005, just days after Spitzer scored his biggest scalp during his eight-year tenure as the Sheriff of Wall Street by compelling Greenberg's departure. The new CEO, long-time AIG executive Martin Sullivan, held an...
  • Bernard Madoff, the Mafia, and Naked Short Selling

    01/20/2009 12:48:09 AM PST · by rvoitier · 12 replies · 1,521+ views
    Deep Capture ^ | January 19th, 2009 | Mark Mitchell
    Bernard L. Madoff was once the chairman of the NASDAQ stock exchange. He was one of the most important market makers on Wall Street. And he managed what was, by some estimates, the largest hedge fund on the planet.
  • NYP: THE $30B SCANDAL THAT TV FORGOT (CEO Franklin Raines and Fannie Mae)

    04/12/2005 5:18:56 AM PDT · by OESY · 15 replies · 1,089+ views
    New York Post ^ | April 12, 2005 | DAN GAINOR
    Why isn't TV news giving the Fannie Mae scandals the same level of coverage that it gave to Enron? Fannie Mae, the government-sponsored mortgage association, has been battling a mounting scandal since last year. It has accounting errors of about $11 billion. That's more than 19 times larger than Enron's $567 million error. Fannie faces a Justice Department inquiry, an SEC investigation and an Office of Federal Housing Enterprise complaint. The mess has caused the departure of CEO Franklin Raines and several other top executives. And Fannie Mae stock has dropped roughly 30 percent, from nearly $80 a share to...