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User Info *FLASH* Hearings: Quick Note in forum [Ticker]
Genesis
Posts: 71430
Incept: 2007-06-26
A True American Patriot!
KD^2
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http://market-ticker.org/archives/1161-F....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-25 10:51:15
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Asimov
Posts: 26708
Incept: 2007-08-26

east tennessee
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****ing A.

I hope they FRY all these ****ers.

Not sure if it's the proximate cause, but there was some interesting stuff going on at the time the market turned. (I can't remember what it was, exactly, but noted it at the time.)

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-06-25 10:53:44
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Airelon
Posts: 23
Incept: 2009-03-12
Michigan
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Did you say that you would replace board members

"I can't remember"

Are you sure you can't remember.

"I'm sure I can't remember"

WHHHHHAAAAAATTTTTTTT!!!!!!!!!!!!!!!!!!!!!?????

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"You cannot afford to wait for perfect conditions. Goal setting is often a matter of balancing timing against available resources. Opportunities are easily lost while waiting for perfect conditions." -Gary Ryan
2009-06-25 10:54:25
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Lastchance
Posts: 1132
Incept: 2008-11-19
Las Vegas
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That was my reaction too. Personally, I am going to remember that line for future use.

"I'm sure I can't remember"

Lordy. I can remember poker hands from December 2008.

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"We don't quit. I don't quit" President Obama 1/27/10

Man, I would to have him in one of our poker games.
2009-06-25 10:55:55
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Genesis
Posts: 71430
Incept: 2007-06-26
A True American Patriot!
KD^2
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Will be updated during the hearing - keep checking that Ticker.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-25 10:57:06
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Eternalblue
Posts: 4230
Incept: 2007-08-09

sokali
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they might go easy and "suggest" he resign, else they will open actual investigations

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my miniblog;

http://economicpsychosis.blogspot.com/
2009-06-25 10:58:01
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Kab
Posts: 629
Incept: 2009-04-02
Colorado
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Nothing but hurf blurf until we see ACTION.

By action I mean INDICTMENTS.

Not holding my breath.

2009-06-25 10:58:53
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Icanhasbailout
Posts: 2170
Incept: 2009-03-10 A True American Patriot!
Imaginationland
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Whoah, Ben is practically crying. Here's a link, it's on CSPAN Radio:

http://cspan.org/Listen/C-SPAN-Radio_wm.....

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I can has TARP? http://icanhastarp.com
2009-06-25 11:06:10
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Karlmarxghost
Posts: 2640
Incept: 2009-01-26

Stealing Your Property
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Am I the only one who gets a sick pleasure from watching Bernenke squirm like a maggot. I do love to watch the torture of these hearings but as I stated on another thread to bad nothing ever comes from them.....

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My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-06-25 11:07:53
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Fatso
Posts: 1764
Incept: 2008-02-03
A True American Patriot!
Roll on up, gonna roll back down
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What the **** is going on?
Suddenly Congress has grown a brain AND balls?

If I wasn't seeing this with my own eyes I wouldn't believe it.

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The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate.
- Tickerfan
2009-06-25 11:08:32
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Lastchance
Posts: 1132
Incept: 2008-11-19
Las Vegas
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Now maybe it's just me, but looking at Bernanke with his arms folded, I get the impression he is basically telling the questioners to go screw themselves.

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"We don't quit. I don't quit" President Obama 1/27/10

Man, I would to have him in one of our poker games.
2009-06-25 11:10:33
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Gs_hedge
Posts: 819
Incept: 2008-02-09

Online
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So when is Ben going to throw Geithner under the bus. OR may be he will take the fall in favor of the plum 'advisor' position that is waiting in Wall Street.

2009-06-25 11:11:31
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Etz3l
Posts: 9103
Incept: 2007-06-26
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One of the most basic and powerful body-language signals is when a person crosses his arms across the chest.

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Treating the symptoms of financial corruption isn’t the same as removing the causes.

2009-06-25 11:11:51
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Memememe
Posts: 91
Incept: 2009-06-21
Southern California
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I'm still not holding my breath, either, but occasionally I'm letting it out in order to laugh out loud this morning.

What's fascinating me most is the way some of these congress members are working together, kind of like a pack of dogs. They're hitting him with pointed questions in a successive line. For once in my life they're almost acting like one of these committees is supposed to.

"I'm sure that I can't remember."

2009-06-25 11:13:25
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Kab
Posts: 629
Incept: 2009-04-02
Colorado
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Perhaps they're coming closer to throwing their puppetmasters under the bus.

2009-06-25 11:14:23
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Genesis
Posts: 71430
Incept: 2007-06-26
A True American Patriot!
KD^2
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"**** you" is not a good idea to serve up to Congress, and that body language is saying just that.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-06-25 11:14:44
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Airelon
Posts: 23
Incept: 2009-03-12
Michigan
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Now.

Here's the very interesting question.

Will the Fed throw a temper tantrum on the markets again for daring to question ol' Ben. Will we see a repeat of last September? Will there be further, very key liquidity drains? It's business 101. Never underestimate the power that your opponent has. Ever. The Congress is throwing their weight around. But it's not as if the Fed doesn't have power, and hasn't used that power in the past.

It's like watching a repeat of the Andrew Jackson vs. Central Banking fights all over again. Remember what the Central Bankers did at THAT time? A temper tantrum to prove their point.

* * *

Another favorite line of utter bs that is worthy of note is the "No, I think the American taxpayers gained an investment, for which they will receive dividends"

Yeah.

Ok.

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"You cannot afford to wait for perfect conditions. Goal setting is often a matter of balancing timing against available resources. Opportunities are easily lost while waiting for perfect conditions." -Gary Ryan

Last modified: 2009-06-25 11:18:00 by airelon
Reason: I write, therefore I edit.

2009-06-25 11:15:32
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Karlmarxghost
Posts: 2640
Incept: 2009-01-26

Stealing Your Property
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Is the picture breaking up or is it just my TV?

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My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-06-25 11:19:49
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Lastchance
Posts: 1132
Incept: 2008-11-19
Las Vegas
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Genesis

Maybe a staffer is reading this forum. Ben has gone to clasped hands.

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"We don't quit. I don't quit" President Obama 1/27/10

Man, I would to have him in one of our poker games.
2009-06-25 11:19:53
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Baldy
Posts: 6555
Incept: 2008-05-16

Pittsburgh
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Funny how the feed goes bad...

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FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-06-25 11:20:38
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Karlmarxghost
Posts: 2640
Incept: 2009-01-26

Stealing Your Property
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Also CNBS and the DEMS are clearly taking the side of Bernenke. I was hesitant to say it at first but now its VERY clear.

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My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-06-25 11:21:03
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Kab
Posts: 629
Incept: 2009-04-02
Colorado
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No kidding. Poor Bernanke is the victim, big mean Lewis was just trying to extort money out of the government.

/sigh

2009-06-25 11:22:18
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Lastchance
Posts: 1132
Incept: 2008-11-19
Las Vegas
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Tj

Sunspots. El-oh-freaking-el.

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"We don't quit. I don't quit" President Obama 1/27/10

Man, I would to have him in one of our poker games.
2009-06-25 11:22:36
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Lastchance
Posts: 1132
Incept: 2008-11-19
Las Vegas
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This is way off topic, but behind Bens RIGHT shoulder (or on the left as we watch), that looks like a cute young woman.

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"We don't quit. I don't quit" President Obama 1/27/10

Man, I would to have him in one of our poker games.
2009-06-25 11:24:09
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Steelpiston71
Posts: 2014
Incept: 2007-09-05
Michigan
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To follow up on Etz's observation...

"One of the most basic and powerful body-language signals is when a person crosses his or her arms across the chest. This can indicate that a person is putting up an unconscious barrier between themselves and others. It can also indicate that the person's arms are cold which would be clarified by rubbing the arms or huddling. When the overall situation is amicable, it can mean that a person is thinking deeply about what is being discussed. But in a serious or confrontational situation, it can mean that a person is expressing opposition. This is especially so if the person is leaning away from the speaker. A harsh or blank facial expression often indicates outright hostility."

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"The Data Do Not Lie", Mr Mortgage (aka Hedgefundmanip), April 16th March Foreclosure Crisis Video.
2009-06-25 11:24:22
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