STOCK MARKET WATCH, Friday October 22

[ozymandius]

Source: du

STOCK MARKET WATCH, Friday October 22, 2010

AT THE CLOSING BELL ON October 21, 2010

Dow 11,146.57 +38.60 (+0.35%)
Nasdaq 2,459.67 +2.28 (+0.09%)
S&P 500 1,180.26 +2.09 (+0.18%)
10-Yr Bond... 2.54 -.00 (-0.16%)
30-Year Bond 3.95 -0.01 (-0.25%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[ozymandius]

1. no goobermental reports today n/t

[ozymandius]

2. Oil hovers below $81 as traders mull Fed moves

SINGAPORE – Oil prices hovered below $81 a barrel Friday in Asia as traders mulled the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth.

Oil has seesawed above $80 this week as investors speculate on possible Fed measures known as quantitative easing, such as buying Treasury bonds to help boost money in circulation and bank lending. The Fed next meets on Nov. 2 and 3.

In other Nymex trading in November contracts, heating oil rose 0.33 cent to $2.218 a gallon and gasoline gained 0.26 cents to $2.044 a gallon. Natural gas was steady at $3.388 per 1,000 cubic feet.

http://news.yahoo.com/s/ap/oil_prices

[ozymandius]

3. Currencies center stage as G20 gets underway

GYEONGJU, South Korea – The U.S. pressed for emerging nations to set targets to reduce their vast trade surpluses with the West, a plan that could see their currencies rise, as a summit of top finance officials fumbled for ways to reduce tensions over exchange rates that threaten to escalate into a trade war.

The gathering of G-20 finance ministers and central bank govenors in the South Korean city of Gyeongju comes just two weeks after their meeting in Washington failed to iron out currency differences that have led to fears of a trade war that could trigger another economic downturn.

In such a scenario, countries devalue their currencies to gain a competitive advantage in a world economy that has yet to fully recover from the global financial meltdown two years ago. Trade barriers are erected in response, hitting international commerce and sending the economic recovery into reverse.

http://news.yahoo.com/s/ap/20101022/ap_on_bi_ge/as_world_economy_g20

Failed to iron out their differences? The press release volleys from the past two weeks implied no intent toward reconciliation.

[ozymandius]

4. World stocks mixed as G-20 drags feet on currency

SINGAPORE – World stock markets were mixed Friday after a slew of better-than-expected U.S. earnings while a summit of major economies made little headway in easing global currency tensions.

In early European trade, the FTSE 100 index of leading British shares fell 0.5 percent to 5,726.63. Germany's DAX dropped 0.3 percent to 6,593.10 and the CAC-40 in France slipped 0.1 percent to 3,872.97.

A proposal by U.S. Treasury Secretary Timothy Geithner for emerging nations to set targets to reduce their vast trade surpluses with the West met with immediate resistance.

According to officials at the summit, Geithner's idea is to establish numerical targets for current account balances, be they surpluses or deficits — aiming to reduce conflicts over exchange rates by allowing the currencies of trade surplus countries to rise in concert.

http://news.yahoo.com/s/ap/20101022/ap_on_bi_ge/world_markets

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Poor Geithner. His ideas have little traction outside of a small circle of fawning admirers.

[Demeter]

13. But Those Admirers Are Very Powerful

Timmy's a good dog. Fetch, Timmy! Drop, Timmy! Roll over, Timmy!

[ozymandius]

5. AIG Raises $17.8 Billion in Record AIA Hong Kong IPO

Oct. 22 (Bloomberg) -- American International Group Inc. raised a record HK$138.3 billion ($17.8 billion) from the Hong Kong initial public offering of its main Asian unit, putting the world’s largest insurer on course to repay its 2008 bailout.

AIG sold 7.03 billion shares, or a 58 percent stake, at HK$19.68 each, the top end of a marketing range, Hong Kong-based AIA said an e-mailed statement. It used an option to expand the sale offered from 5.86 billion, or a 49 percent stake.

AIA’s IPO takes Hong Kong equity fundraising this year to $65 billion, overtaking the record $60 billion garnered in 2007 before the global financial crisis ravaged stock markets, according to data compiled by Bloomberg. The number doesn’t include capital raised through rights offerings.

AIG has the option to sell 1.05 billion more shares during AIA’s first month as a listed company, potentially taking the total amount raised to $20.5 billion and cutting its stake to 33 percent, according to a prospectus. The stock is scheduled to start trading Oct. 29.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=apWhhbVhUJA4&pos=5

[ozymandius]

6. Google 2.4% Rate Shows How $60 Billion Is Lost to Tax Loopholes

Oct. 21 (Bloomberg) -- Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.

Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.

The U.S. corporate income-tax rate is 35 percent. In the U.K., Google’s second-biggest market by revenue, it’s 28 percent.

The earnings wind up in island havens that levy no corporate income taxes at all. Companies that use the Double Irish arrangement avoid taxes at home and abroad as the U.S. government struggles to close a projected $1.4 trillion budget gap and European Union countries face a collective projected deficit of 868 billion euros.

Can I get a show of hands: How many here would like to route their paychecks the same way?

[tclambert]

11. The article went on to mention Google's Bermuda "headquarters" which only has 3 employees.

It also says "countless" American corporations employ these tax avoidance strategies. Somebody must have counted them, however, to come up with the $60 billion cost estimate.

Don't worry, though. The American middle class will make up the shortfall, one way or another.

[Roland99]

12. Caught that on ABC news last evening

if corporations are people, can't people just be corporations?

[JDPriestly]

20. Good point. We need to revise our tax laws to reflect the equality

guaranteed in the 14th Amendment.

I was thinking about this the other day. If we dump a lot of toxic stuff, we get into trouble. That is as it should be. If a corporation does it, it makes a deal with the government.

If we committed the fraud that Mozilla of Countrywide committed, we would go to jail. Did he? No, he paid a fine and has faced only civil charges.

[Dr.Phool]

22. And he still got to keep most of the loot.

If I robbed a bank, and got caught, do you think they'd let me off paying back $0.10 on the dollar?

[Demeter]

25. I don't think criminal charges have been ruled out yet

It's the Justice Dept. discretion. And that means the O Man, a wholly owned subsidiary of Wall St.

[ozymandius]

7. The corrupt CFTC judge story sprouts some legs.

From the Washington Post:

Commodity Futures Trading Commission judge says colleague biased against complainants

In a notice recently released by the CFTC, Painter said Judge Bruce Levine, his longtime colleague, had a secret agreement with a former Republican chairwoman of the agency to stand in the way of investors filing complaints with the agency.

"On Judge Levine's first week on the job, nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that we would never rule in a complainant's favor," Painter wrote. "A review of his rulings will confirm that he fulfilled his vow," Painter wrote.

Painter continued: "Judge Levine, in the cynical guise of enforcing the rules, forces pro se complainants to run a hostile procedural gauntlet until they lose hope, and either withdraw their complaint or settle for a pittance, regardless of the merits of the case."

The CFTC oversees trading of the nation's most important commodities, including oil, gold and cotton. The agency's administrative law judges handle cases in which investors allege that trading professionals or financial firms violated the rules.

There's not much more here than we already knew. It comes as a surprise that WaPo picked up the story.

[Dr.Phool]

8. The best democracy money can buy.

[mbperrin]

16. Wendy Gramm was my micro professor at A&M, and I can well

believe this story. Smart as a whip, completely devoid of any empathy for any personal situation or problems.

[Tansy_Gold]

17. That description would kind of fit a

psychopath, wouldn't it?

Please note the lack of a sarcasm thingy.



TG, being serious

[mbperrin]

21. No, I agree. And her husband, Phil Gramm, later senator from Texas,

was my supervisor on my senior project. He fit the same bill exactly. They were matched well.

And then you had people like Robert Ekelund, my advisor and instructor in western economic history, who is a concert pianist, had a radio talk show on Saturdays and has written a couple of dozen books, including one on how cathedrals were a marketing response to draw more market share from Protestants, who were gaining ground at that time.

Early 70s were a very weird time, weren't they?

[Demeter]

26. And that differs from today how?

I feel like a Stranger in a Strange land--a book from that time, or 1961 to be precise.

[UpInArms]

19. ah, Ozy, WaPo knows that story is so ... old news

and really, who will care about that anyway - it's not about ... ahem ... SEX ... or anything really criminal.

[Dr.Phool]

23. Ahhh, but the WSJ thickens the plot a little.

http://tpmdc.talkingpointsmemo.com/2010/10/retiring-judge-accuses-colleague-of-corruptly-siding-with-major-financial-firms-over-20-years.php?ref=fpb

(snip)


For reasons unclear, the CFTC released Painter's memo this month, but declined, along with other principals, to comment on the story. As a result reporters have been left thus far to contend with old news stories, and misdirection, making it difficult to assess the situation.

Nearly 10 years ago, the Wall Street Journal ran a story about Levine with a headline that bolsters Painters accusation. "If You've Got a Beef With a Futures Broker, This Judge Isn't for You --- In Eight Years at the CFTC, Levine Has Never Ruled In Favor of an Investor."

In nearly 180 cases to that point, the Journal found, Levine had never ruled in favor of an investor. The only exceptions were a small handful of cases in which a failed didn't show up to defend itself. In its story, the Journal documented several questionable rulings and actions, and made clear that his record has raised eyebrows for some time.

But that's not where the story ends. In what was likely no coincidence, the Wall Street Journal ran a separate piece on Painter himself yesterday. According to the story, the 83 year old Painter has been diagnosed with dementia, and, according to his wife, presided over cases while struggling with alcoholism and mental illness.

Painter's wife, from whom he is seeking a divorce, is seeking guardianship over him, citing his health and erratic behavior. But Painter's son and niece are interceding, claiming Painter exhibits no sign of mental problems, and citing a 30-question medical test he took earlier this year, which found him mentally competent.

On Capitol Hill, the House and Senate Agriculture oversee the CFTC. Spokespeople for those committees could not be reached for comment before publication. The CFTC is an independent agency tasked with protecting the public from fraud in futures trading. Pursuant to the recently-enacted Wall Street reform bill, the agency will soon enjoy greater regulatory power over the firms that sell the instruments that led to the financial crisis in 2008.

[ozymandius]

9. Nine Stories The Press Is Underreporting -- Fraud, Fraud And More Fraud

From Dan Froomkin at the Huffington Post:

What we are seeing all around us are the continued effects of a vast criminal enterprise that has never been brought to account, employing a process that, as University of Texas economist James Galbraith explains, involved the equivalent of counterfeiting, laundering and fencing.

So the person with the right expertise to lead us here is a criminologist -- in particular William K. Black, one of the few effective regulators in recent history (during the savings and loan crisis of the late 1980s), a notorious knocker of heads and currently professor at the University of Missouri-Kansas City and author of the book, "The Best Way to Rob a Bank Is to Own One".

(Quoting Black)

The massive foreclosure fraud we are seeing now as another "echo" epidemic. To optimize their accounting control fraud, lenders gutted underwriting. That led to "fraud in the inducement" (vis a vis borrowers), endemic documentation problems, and an extraordinary numbers of defaults. The process required tens of thousands of real estate financing personnel to commit fraud on a daily basis as their core function. Some of these people are unemployed, but many are in the industry and are presently engaged in loan servicing. Now that their job is to foreclose on properties, there is no reason to expect that they would suddenly become honest, and they haven't.

Professor Black's analysis is always spot-on.

[DemReadingDU]

15. and lack of prosecutions

[Tansy_Gold]

18. No duh. Hell, the front page of SMW should be covered

with the names of the indicted and convicted, but.. . . . :blank: (the literary equivalent of :crickets:)


TG

[ozymandius]

10. Have a nice day, all.

:donut: :donut: :donut:
Time to go to work. :hi:

[Demeter]

14. This Weekend And Next

WEE is observing the anniversary of Black Thursday (October 24, 1929), Black Monday (October 28, 1929) and Black Tuesday (October 29, 1929).

Black Monday saw a 13% drop, Tuesday another 12%, with 16 million shares traded, a record not to be broken until 1968.

The DOW took 22 years to recover to the same nominal value. Of course, the DOW changed components, and inflation and deflation took their toll...

Due to an unforeseen scheduling conflict, I may not be able to start WEE until Saturday. I'm going to see the Mikado Friday night. We were supposed to go Sunday, but one of our party couldn't make it then.

If someone can't wait, go ahead and start...I'll catch up after the show!

[Viva_La_Revolution]

24. see you there

for anyone who wants to read up on it...

Six days in October: the stock market crash of 1929
http://books.google.com/books?id=MMj8qRwMWuYC&pg=PA76&lpg=PA76&dq=man+on+ledge+1929&source=bl&ots=t0IKa2yz3-&sig=1nnUsk42IKWK5axAokMXqf6XK3o&hl=en&ei=DMDBTOKXD8L98Abk0uDjBg&sa=X&oi=book_result&ct=result&resnum=7&ved=0CCgQ6AEwBg#v=onepage&q&f=false

[Festivito]

27. Debt: 10/20/2010 13,667,947,376,827.80 (DOWN 8,162,159,494.29) (Wed)

(Up some. Good day.)
Swam in a mountain stream in October.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,061,886,738,056.66 + 4,606,060,638,771.14
UP 1,330,613,152.94 + DOWN 9,492,772,647.23

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,220.38 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,522,592 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $44,015.95.
A family of three owes $132,047.85. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 days.
The average for the last 22 reports is 9,027,496,304.26.
The average for the last 30 days would be 6,620,163,956.46.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 264 reports in 385 days of FY2011 averaging 6.66B$ per report, 4.57B$/day.
Above line should be okay

PROJECTION:
There are 823 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 19.1T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/20/2010 13,667,947,376,827.80 BHO (UP 3,041,070,327,914.72 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,106,324,345,936.10 ------------* * BHO
Endof11 +30,145,240,999,685.00 ------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | per 1B Too much to predict at this time.

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --
10/04/2010 +000,259,208,393.70 ------------******** Mon
10/05/2010 +000,697,809,032.26 ------------********
10/06/2010 +000,102,633,566.23 ------------********
10/07/2010 -010,581,200,428.89 -
10/08/2010 -000,047,594,597.51 ----
10/12/2010 -002,308,905,840.19 -- Tue
10/13/2010 +004,079,531,881.58 ------------*********
10/14/2010 -003,450,466,367.69 --
10/15/2010 +053,297,374,376.50 ------------**********
10/18/2010 +000,841,690,317.23 ------------******** Mon
10/19/2010 +000,443,038,294.93 ------------********
10/20/2010 +001,330,613,152.94 ------------*********

98,377,608,467.82 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4582268&mesg_id=4582271

[Festivito]

28. Debt: 10/21/2010 13,667,983,325,978.31 (UP 35,949,150.51) (Thu)

(Down some. Good day.)
Swam in a cold river, canoed down rapids with a young novice class clown on his first attempt at canoeing. Yikes. Rapids? What was I thinking.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,058,644,773,549.47 + 4,609,338,552,428.84
DOWN 3,241,964,507.19 + UP 3,277,913,657.70

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,220.30 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,529,792 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $44,015.05.
A family of three owes $132,045.14. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 days.
The average for the last 22 reports is 8,696,441,333.01.
The average for the last 30 days would be 6,377,390,310.87.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 265 reports in 386 days of FY2011 averaging 6.63B$ per report, 4.55B$/day.
Above line should be okay

PROJECTION:
There are 822 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 18.9T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/21/2010 13,667,983,325,978.31 BHO (UP 3,041,106,277,065.23 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,106,360,295,086.60 ------------* * BHO
Endof11 +28,709,753,333,033.30 ------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | per 1B Too much to predict at this time.

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --
10/04/2010 +000,259,208,393.70 ------------******** Mon
10/05/2010 +000,697,809,032.26 ------------********
10/06/2010 +000,102,633,566.23 ------------********
10/07/2010 -010,581,200,428.89 -
10/08/2010 -000,047,594,597.51 ----
10/12/2010 -002,308,905,840.19 -- Tue
10/13/2010 +004,079,531,881.58 ------------*********
10/14/2010 -003,450,466,367.69 --
10/15/2010 +053,297,374,376.50 ------------**********
10/18/2010 +000,841,690,317.23 ------------******** Mon
10/19/2010 +000,443,038,294.93 ------------********
10/20/2010 +001,330,613,152.94 ------------*********
10/21/2010 -003,241,964,507.19 --

94,744,328,110.28 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4583858&mesg_id=4587487