Video: Chris Dodd Openly Mocks FSOC Council - Including Sheila Bair - To Their Faces: "What Do You Even Do?"

Chris Dodd on the attack while still providing excuses for the FSOC - Financial Stability Oversight Commission - a Dodd-Frank creation, whose members sit before him.  Sheila Bair looks especially embarrassed.  When Wall Street captured Chris Dodd can make you appear as regulatory tools, you're probably not having one of your best days.

Recorded Dec. 2 2010...

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Foreclosure - Crisis vs. Systemic Crisis

Comments

[john]

http://www.bloomberg.com/news/2011-01-03/obama-said-to-consider-william-daley-for-top-white-house-post.html

Ok, so who is going to take over Larry Summers old job? Any guesses out there?

[TR]

john,
GOOFY & SCOOBY DOO ARE PROBABLY QUALIFIED.

[DailyBail]

Oh boy is 2011 going to be an exciting year! Some things that I think might happen:

http://brucekrasting.blogspot.com/2010/12/2011-whats-coming.html

-Copper will continue to rise. This metal will benefit as the poor man’s gold. Why buy an ounce of something for $1,600 when you can have a whole pound of something else for only $5? The logic is compelling only because there is no logic. Increasingly, it will become understood that money does not hold value. Copper will do a better job of storing value then a Treasury Bond.

-The US bond market is in for a heck of a year. The 30-year will trade at BOTH 3% and 5%. Higher rates will come early in the year, then the deflation trade will come back into vogue.

[DailyBail]

Cold Weather Will Grip Most of the U.S. Until Mid-January, Forecasters Say

http://www.bloomberg.com/news/2011-01-03/cold-weather-will-grip-most-of-the-u-s-until-mid-january-forecasters-say.html

[DailyBail]

@john...

word has it it ill be bloomberg replacing geithner and roger altman replacing summers...i've written a few stories on it...

http://dailybail.com/home/larry-kudlow-bloomberg-to-replace-tim-geithner-as-treasury-s.html

Larry Kudlow: Bloomberg To Replace Tim Geithner As Treasury Secretary Is 'Done Deal' (VIDEO)

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http://dailybail.com/home/goldman-alum-roger-altman-steals-46-million-from-taxpayers-l.html

altman to replace summers...

[DailyBail]

NEW YORK (AP) — Shares of Apple Inc. hit a record high Monday as investors expect the consumer electronics giant to sell more iPads — and finally start distributing the iPhone through Verizon.

THE SPARK: Oppenheimer & Co. analyst Yair Reiner boosted his price target for the company by $40 to $385, saying the company is likely to see explosive growth as it sells more iPads and begins offering the iPhone through Verizon, the largest wireless network in the U.S.

http://www.bloomberg.com/news/2011-01-03/apple-rises-as-investors-await-a-verizon-iphone.html

[john]

@DB, Thanks for the heads up. I had no idea.

[john]

This morning it appears that Gene Sperling is slated to become top economic advisor.

http://www.reuters.com/article/idUSTRE7024JI20110104

[signalfire]

My prediction for 2011 is that the poor will finally find out that the rich taste good.

[DailyBail]

@signalfire...

i've been hearing such predictions of riots and rebellion since the day i launched this site - 2 years ago - and we are no closer now than before...