Rolfe Winkler

Obama’s blowout budget

February 1, 2010

Now that the worst of the financial crisis is behind us, one would think the budget deficit might start to come down. Actually, no. Obama’s proposed budget sets a new deficit record — $1.6 trillion this year compared to $1.4 trillion last year.

Afternoon Links 1-20

January 20, 2010

Must Read – Short sale fraud + follow-up (Olick, CNBC) Great sleuthing from Diana Olick. Sounds like outright fraud being committed by big banks. One follow up question: In many cases, the second-lien holder is also the first lien holder. How is that impacting short-sales?

Lunchtime Links 1-14

January 14, 2010

Obama to unveil plan on bank taxes (WSJ) Surprisingly this doesn’t look dead on arrival in Congress, maybe because banks know that the tax — spread over 10 years — isn’t likely to hurt very much. It’s a missed opportunity to shrink big bank balance sheets.

Morning links 12-14

December 14, 2009

No shortage of news this morning….

Dubai gets bailout from Abu Dhabi (Reuters)

Exxon to buy XTO for $41 billion (Reuters) $41 billion is the enterprise valuation. It’s incomplete to say the Exxon is only paying $31 billion for the stock when it is also assuming $10 billion of debt.

Lunchtime Links 12-8

December 8, 2009

(Reader note: still working on the bugs….please click “continue reading” to see all the links)

SNL on the U.S./China economic relationship

November 23, 2009

“Why are you trying to do sex to me like I was Mrs. Obama!?!”

Small quibble: SNL doesn’t note that the Chinese are, uh, “doing sex” to themselves by manipulating the yuan.

A healthcare failure could save Obama

September 9, 2009

The rising costs of Medicare and Medicaid threaten to destroy the nation’s fiscal future, but President Obama is pushing for healthcare reform that would increase costs. Instead, he should refocus his presidency on paying down debt.true-national-debt-updated1

White House: 10-yr deficit now $9 trillion

August 21, 2009

Some breaking news from Reuters about an updated deficit projection:

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.