"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Tuesday, October 12, 2010

Tuesday News Recapped in Pictures (Buffett, FDIC, Geithner, GM, QE2)

Warren Buffett: “The worst is behind us, but the pain
will be felt for a long time from what happened,”

New price of Starbucks Tall Skinny Flavored Latte as
FOMC confirms launching Quantitative Easing (QE2)...

To offset Bernanke's money printing, McDonald's offering a
reduced portion QE-2 Value Meal...same great price...

Interior Secretary Ken Salazar announced the oil drilling
moratorium has been lifted and drillers must meet
"the higher bar we have set" in order to get new permits

A Treasury official said the meeting is “an opportunity for
Sec. Geithner and Mr. Akerson (GM-CEO) to meet for the first time.
It is merely a brief meet and greet.”

FDIC proposed a rule that would begin the process of
setting up a mechanism to dismantle a failing too-big-to-fail
Lehman-like mega-bank...

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