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| User Info | A *COP* Shows Up? in forum [Ticker] | |||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/944-A-....
---------- "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
2009-04-08 08:47:27
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Phirang Posts: 8824 Incept: 2008-10-25 
bar khoba's revenge
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who whoa whoa: you mean C ISN'T a buy??? No baa baa booyah? ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-08 08:50:45
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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but but but... All of our elected 'leaders' say that is the problem is that we gotta get credit flowing again. It's not the leadership at the banks or the value of the securities they hold. ---------- Think Green Tip. Last modified:
2009-04-08 08:51:54 by dashingdwl
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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what's really pathetic about events to date is that the solution is damn simple, it works, and it'd guarantee obongo wins in 2012. the only downside is it entails shoving a chrysler up the *******s of a ALOT of powerful investors... ie those who financed hope 'n change ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-08 08:52:18
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-04-08 08:52:54
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Petersmom Posts: 475 Incept: 2007-08-24
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How did Warren come up with this: "The total value of all direct spending, loans and guarantees provided to date in conjunction with the federal government's financial stability efforts (including those of the Federal Deposit Insurance Corporation (FDIC) as well as Treasury and the Federal Reserve Board) now exceeds $4 trillion." Exceeds indeed. "March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s." http://www.bloomberg.com/apps/news?pid=n....
2009-04-08 09:30:47
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Peters, its very difficult to get an ACCURATE count on that commitment amount. That's part of the scam - how much of that "commitment" really IS a commitment? ---------- "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
2009-04-08 09:34:12
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Irishsamurai Posts: 130 Incept: 2008-11-03 Atlanta, GA
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Karl, I'd support Warren ... EXCEPT she was on CNBS (or Bloomberg can't remember) and she basically parrotted Democrat talking points (i.e. BUT-BUT-BUT-BOOOOOOSSSSH!) She simply blamed the previous administration and ignored the criminality of both parties. To be a true cop, she needs to drop the partisan blinders and advocate locking up Republican(s) and Democrat(s) alike ... whether a CEO or a Congressman (Frank, Dodd, Stevens, etc.) ---------- "The best argument against democracy is a five-minute conversation with the average voter." - Winston Churchill
2009-04-08 09:56:13
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Trades50 Posts: 1145 Incept: 2007-10-30
IL Online
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This morning on CNBS with David Walker they talked about the stress-test as just being a rubber stamp. They were just going through the motions. If this is true is this just another dog and pony show for investors?
---------- Labor for the Globalist: World Class means Third World Class.
2009-04-08 10:05:35
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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Stress-test is a canard for the Treasury to figure out a real solution. I refuse to believe Geithner is that dumb. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-08 10:08:16
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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There is no solution other than liquidating the insolvent.
---------- "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
2009-04-08 10:10:04
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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I think Geithner is negotiating with the chinese on how much they'll pay...
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-08 10:18:42
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Trades50 Posts: 1145 Incept: 2007-10-30
IL Online
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The Chinese will pay nothing. Looks like they will say they will buy debt and more than likely do the opposite. When it comes to saving your own family and another you save your own. They will spur their own economy through internal spending. The US has become a black hole of consumption and debt why spend good money after bad.
---------- Labor for the Globalist: World Class means Third World Class.
2009-04-08 10:33:24
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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If we export missiles and bombs to China, we can solve the BoP issue...
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-04-08 10:35:55
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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True, there is only one real solution (liquidating the insolvent), but there are literally a few trillion stop-gaps to slow and /or alter the path to that resolution.
---------- Think Green Tip.
2009-04-08 10:40:18
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Lonestarhog Posts: 64 Incept: 2009-03-06 The Republic of Texas!
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Official Market Manipulation> http://www.reuters.com/article/marketsne.... Hog 
2009-04-08 12:25:02
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Opmaddict Posts: 25 Incept: 2008-12-09 
San Mateo, CA
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While I am in total agreement we should rip the bandaid off quickly rather than slowly, my understanding is that liquidation/receivership/chapter 11/etc. of the big banks would wipe out shareholders (who albeit have lost a lot) and thus crash the markets. The markets react somewhat painfully when the financials go down. I think the downside of a complete and total market crash is obvious. Companies go out of business, having lost their worth. Doesn't this consideration play into the scenario or should we ignore the market reaction?
2009-04-08 13:39:38
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Vfl Posts: 147 Incept: 2009-03-19 Seattle Metro, WA
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One must wonder why all those claimed "COPS" are those ones who obviously do not hold the real power. In my opinion, the Cops will only emerge after the blow up, just like those western movies. when the mayor was expelled by angry villagers, then real cops show up to clear the gangsters who were previously protected by the mayor. Once the unemployment benefit run out, we shall see the first wave of angry villagers show up. But I am not count on it. If I can see it, those politicians will certainly see it and they will extend the unemployment benefit for another 26 weeks and then extend it again and again until either the blow up happens or somehow the economy recovered. Two years into this mess and no real cop shows up. The conclusion: No cop will ever show up (The FSA of Britain will not even go after the bank who allegedly cooked the books)
2009-04-08 13:40:43
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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You cannot change the outcome for the economy without getting rid of the debt. Not shifting it, getting rid of it. There is only one way to do that. We can therefore crash the markets AND eat a trillion or two or five, or we can crash the markets and NOT eat those trillions. Either way, we crash the markets. ---------- "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
2009-04-08 13:41:16
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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Speaking of the devil, just heard Wilbur Ross on Bloomberg Taking Stock telling Pim Fox that bidders like himself WILL bid more for PPIP assets given the available leverage. I am sure this suprises no one on this board. I am sure Wilbur has a few legacy assets he'd like to bid up, as Karl points out. I am also sure he has a few legacy equities, like 500 billion trillion shares of C and BAC at $40 each. The perverse incentives of the PPIP gang just never cease to amaze. ---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside.
2009-04-08 18:50:32
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Psquared Posts: 997 Incept: 2008-10-11 SE USA
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Assuming for the moment that Ms. Warren's report is accurate and valid and that she is a credible source, how much play will this get? After all, Congress commissioned this study and appointed the Commission members. Are they going to take the report seriously or bury it? I wonder how many voices of reason have to scream out, "this is criminal and our government is complicit" before Congress turns introspective? I would wager that were you to take a poll right now it would be 10:1 in favor of "this is criminal." How long can they hold out? Forever? Until the complete collapse and a dictatorship assumes power and suspends the constitution? I know it is a rhetorical question, but what is it going to take? ---------- I have money, therefore I exist.
2009-04-08 20:33:57
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Vfl Posts: 147 Incept: 2009-03-19 Seattle Metro, WA
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P^2 I am no politicians, but I do recognize a game played by politicians. It is called Research and Reduce. Whenever politicians face a tough problem, they will first appoint a committee to study the issue and present solution proposals. After politicians receive the study report from the said committee with reputable researchers (such as elizabeth warren), they will discuss the report and then raise some minor issues and questions which will then require further studies. After a while, the experts in the committee feel they were played and resigned as a protest. A new committee will then be formed again to continue the study ( it is called Reduce) and the cycle repeats itself until no body remembers what was the purpose of the study in the first place. No, P-squared, nothing will come out from Congress. Research and Reduce is the name of the Game.
2009-04-08 21:56:57
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Mike57 Posts: 352 Incept: 2009-03-10 Bethlehem, PA.
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I posted this on a different thread but it should go here. This makes my blood boil, a 78 billion dollar giveaway. : http://cop.senate.gov/video/index.cfm#ta....
2009-04-09 01:04:19
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Hwatti Posts: 245 Incept: 2008-10-22
Suspended
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http://cop.senate.gov/video/index.cfm#ta.... Yes Mike, something has to happen soon.. A Cop shows up? Like Karl writes. Intresting... Is there a way to stop the robbers and drive them out? If not, many people will not like to live in this kind of a world... ---------- "He was special arriving at his level of understanding, this day and age some will follow." Said by someone about Krishnamurti. Me, hwatti? I feel not worthy (Sometimes yes) to say anything strongly representative. And, the radical revolution is happening and I am not a "follower" I am a listener. http://en.w
2009-04-09 03:23:05
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Mike57 Posts: 352 Incept: 2009-03-10 Bethlehem, PA.
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The fraud and collusion seems to be at the highest levels of our government. It seems like they have this wheelbarrow chock full of bad debt and all they want to do is push it back and forth instead of just emptying it out and letting the chips fall where they may.
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2009-04-09 06:23:15 by mike57
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