SOY VIVO – The Personal Blog of Phillip Roman!

I have not posted in a long while. Hey! I have been busy. This post is materializing because I am using it as a tool to further my procrastination. I am supposed to be studying for the CFA exam but I find myself here talking to myself (or maybe you).

A few days ago I was surfing on Drudge (this was on my MacBook Air and not my iPhone because the underaged workers who built my iPhone did a crappy job and I have been recently running into a few problems). I read an article about George Soros and the evil speculators who are planning on making tons of $$$ on the fall of the euro. Soros’ explanation of the underlining problems are very logical, Greece cries and the euro dies.

He believes that unless the European Commission is given sweeping powers over taxation and spending, the single currency will always be vulnerable to financial turbulence in individual states.

Then I notice another article that states the IMF is considering a global currency to replace the dollar in the future. Ok, that makes a lot of sense. Lets just impose the problems and flaws of the euro onto the whole world. Globalization is fun!

Update from CNET:

A T-Mobile spokesman said on Tuesday that data someone posted to a security e-mail list over the weekend was legitimate T-Mobile data but not customer information, and that the phone company’s network was not hacked or breached as the poster claimed.

The statement raises more questions than it answers. If indeed there was no network hack, could there have been an inside leak? Or could it have been something as low-tech as dumpster diving, in which records are obtained from trash bins outside a company’s offices?

All T-Mobile would say is that it is investigating how the information was obtained.

Updated Link

An anonymous hacker claimed that they broke into a T-Mobile data base and gained access to everything in their system. The hacker said that they “already contacted with their competitors and they didn’t show interest in buying their data -probably because the mails got to the wrong people- so now we are offering them for the highest bidder.”

T-Mobile response:

“The protection of our customers’ information, and the safety and security of our systems, is absolutely paramount at T-Mobile,” the company said. “Regarding the recent claim, we are fully investigating the matter. As is our standard practice, if there is any evidence that customer information has been compromised, we would inform those affected as soon as possible.”

Link from hacker

Link from CNET

by Phillip Roman

Rep. Frank is a really smart guy. I love his style in conducting committees.

However,  his handling of the financial situation has not really been good. He has denied any kind of responsibility (even though he said on camera that Fannie is a good investment before their fall and has been a member and is the current chair of House Financial Services Committee) and will attack anybody for questioning him (Bill O’Reilly and that one law student from Harvard (or from some school and made national news)).

Well today I am applauding him for sponsoring The Internet Gambling Regulation, Consumer Protection, & Enforcement Act of 2009. This Act will legalize (and regulate) online gaming in the USA.

“My fundamental reasons for doing this are that the government should not interfere with people’s liberty unless there is a good reason,” Frank said.

The only thing that I am hesitant about is giving even more power to Sec.  Geithner.

Link

Long-present unease about soured loans bubbled over on Monday after Bank of America Corp. said it set aside $13.4 billion to cover lending losses, even as it posted a profit for the first quarter, and as anxiety grew about the results of the government’s “stress tests” to determine if banks will need more government bailout money.

Link

MARKET UPDATE

DJIA	7,997.28	-427.47		-5.07%
NASDAQ	1,386.42	-96.85		-6.53%
S&P 500	806.58	-52.54		-6.12%