FICRY

If you’ve found yourself a bit dazed and confused lately with all the new financial terminology that now, unfortunately, has become a normal part of your daily life, you’re not alone. It took me months, and I mean months, to know my toxic assets and liabilities from my mortgage backed securities, but a couple of [...]

Analyst David Rosenberg offers his opinion on the future of the stock market. His cycle theory outlook suggests that the the recent stock market run is a mere sucker’s rally and that huge slides in market prices are on the way.  Government intervention, i.e bailouts and quantitative easing- including Bernanke’s ‘green shoots’ have artificially boosted [...]

Willem Buiter touches on the state of bank lending and proposals for financial services industry supervision. Needless to say he is not optimistic about  the use of quantitative easing by many central banks.

Some no nonsense claims come form of one of Madoff’s prosecuting victims. “I urged the judge to sentence him for the rest of his life, so that when he leaves prison, which means after his death, virtually unmourned by anyone on this earth, that he will then go down to the depths of hell [...]

Feeling hungry but have no dough for food? Then check out cooking with Clara, an online cooking series that covers  the culinary arts from the depression era. Clara, now 96,  lived though the Great Depression and shares her tips for living frugally during tight times. Perhaps Clara’s recipes can guide us along as home budgets [...]

The SEC filed the first in a series of lawsuits against brokers who directed investments Madoff’s fraudulent way. The Wall Street Journal reports that Cohmad Securities Corporation, a registered broker dealer, and three of its high-ranking officials funneled billions of dollars into Madoff’s hands in exchange for mere hundreds-of-millions of dollars in kickbacks. Those named [...]

The Securities and Exchange Commission, offered new details about the Stanford’s $7 billion Ponzi scheme, including the BRIBING OF AN S.E.C REGULATOR. Prosecutors allege King accepted more than $100,000 in bribes to help Stanford continue his fraud of 30,000 investors. If convicted of all charges in the 21-count indictment, Stanford could face as much as [...]

In front of an audience of Yale alumni, university president Richard Levin hosted a  discussion Tuesday on the financial crisis with John Geanakoplos (James Tobin Professor of Economics) and Robert Shiller (Arthur M. Okun Professor of Economics). Both of the professors we critical of Obama’s bailout plan, feeling that it could further sink the American [...]

The latest in FICRY video news… no, it’s not Obama sticking it to GM, it’s President Lincoln, in 5 dollar-bill form, sticking it to Clara Schumann of Germany’s 100 Deutsche Mark. Creative agency Optix on behalf of its client, German bank Bontrust Finance (or should i say, “Bone-trust”), made the animatronic, finance porn, and yes, [...]

What recession? The 19 year-old rapper Soulja Boy shows off his receipt as he exits Louis Vuitton in Manhattan…a whopping twelve grand.  And he brags, “this is just a little quick stop.” For more on Bling from FICRY.com, click here.
To view the full video, click here.