Santelli and Kernan just nailed the 'Frankenstein Fund' [NotSoBreaking]

Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2009 In Review)
Seeing huge swings in your account value? On margin? Read my "Come to Jesus" Ticker? If not, please do. Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
See The Federationists on their new web site and forum.
Donate to obtain GOLD ACCESS for enhanced privileges. Interested in T-Shirts, caps and coffee mugs? Click here.

RSS available

MarketTicker Forums Read Message in NotSoBreaking

User: Not logged on

User Info

Santelli and Kernan just nailed the 'Frankenstein Fund' in forum [NotSoBreaking]

Fakemark
Posts: 0
Incept: 2009-06-11

said it is 'reanimating dead securities'. Said it's a 'CITI bailout'. Very few benefit but CITI. Santelli said 'is it legal?'. Called it 'financial alchemy'.

2007-10-15 08:36:41
Permalink

Macfly
Posts: 881
Incept: 2007-10-05

that was impressive...i was almost expecting men in black suits and sunglasses to escort him out after those comments! lol.
go get em rick!

----------
Mishkin: Do not look into the bag... When you realize what's in the bag, you will realize the dollar is toast. Do not audit the Fed and force us to show what's in the bag. Be warned. Some secrets are best kept in the closet.
Joe Q Public: Mishkin, STFU. Truth wins out eventually. -stuart on ZH

2007-10-15 08:40:45
Permalink

Case
Posts: 1449
Incept: 2007-09-17

Wow, Citi must be in the kind of FDIC-ruining deep **** for these guys to cook up such a ridiculous scheme!

----------
People can be counted on to do the right thing after all else fails.

2007-10-15 09:25:41
Permalink

Pika-steph
Posts: 39200
Incept: 2007-09-11

^Why I keep^ fighting; so he is not fighting for nothing.
Online

They must be close to total failure....totally exceeding FDIC all on its own....nothing left for anyone else after that.

----------
Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."

2007-10-15 11:14:58
Permalink

Financeguy
Posts: 4946
Incept: 2007-08-10

Charlotte

60% of National Bank balance sheets are Real Estate related loans. Wait until Commercial Real Estate starts showing stress and then Consumer lending losses move back to historical levels. If losses move close to what we saw in the early 90's we have ourselves a capital problem in the banking system on top of this mess we are seeing already!

----------
"Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua

2007-10-15 11:28:43
Permalink

Aztrader
Posts: 4959
Incept: 2007-09-10
Scottsdale, AZ

Commercial real estate is next. They are pulling out all stops to keep the party going. Nice to see a Monday morn selloff for a change. I can't remember the last Monday when I got up and the market wasn't rallying.
IT will be interesting to see if it stays down today.
This fund is a total scam. I love how they keep calling this paper "off the books"................

2007-10-15 11:48:23
Permalink

Acgreyhound
Posts: 4986
Incept: 2007-08-20

Worcester, MA
Online

God bless Rick Santelli. The lone voice in the wilderness.

----------
a/k/a Angry Douche

2007-10-15 11:59:40
Permalink

Adarak
Posts: 5243
Incept: 2007-07-19

<--- "Ya!"

2007-10-15 12:43:43
Permalink