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User Info CAUTION: October 87 Re-Run On Deck? in forum [Ticker]
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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http://market-ticker.org/archives/812-CA....

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-02-19 22:04:19
Guyfawkes
Posts: 307
Incept: 2008-09-19
Texas
Online
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Excellent ticket......now I'll never get a bit of sleep tonight.

2009-02-19 22:07:47
Vegasradar
Posts: 3529
Incept: 2007-07-11
A True American Patriot!
CA
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Thanks Karl!
Is this the Video in Ticker form? (I haven't watched it yet)

2009-02-19 22:09:50
Finplayer
Posts: 494
Incept: 2008-01-30 A True American Patriot!
Mclean,VA
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Quote:

Any bank with more than 5% of the deposit base has 12 months to reduce it to under 5%. This affects fewer than 25 institutions.

Was I misunderstanding this? By definition is has to affect 20 or less institutions, even if there were only 20 total banks in the country, no?

2009-02-19 22:17:01
Widgeon
Posts: 5671
Incept: 2007-08-30

OK
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Pretty much Vegas ...

2009-02-19 22:17:33
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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Fin it actually affects something like eight institutions. :)

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-02-19 22:18:17
Mtgspy
Posts: 5860
Incept: 2007-10-27
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Dude, u have no idea, the "safer" the bank the more abuse they did to their capital in the belief that they are doing mundane safe stuffs.

"The pro forma TCE ratio, including consolidation of all assets and liabilities of the State Street-administered asset-backed commercial paper conduits, was 1.19% as of December 31, 2008. Assuming market prices remain constant from January through the rest of 2009 and we execute on our plan, we expect TCE to be approximately 4.91% by the end of 2009. "

That plan if I did my # crunching is right is about 0.25-0.50% capital. It's like a guy who lost in his account saying I'll quadruple my account my next year. This guy is a custodian.

There's another one, another "mundane" bank, that nobody suspects but I guess that is only another one that I happen to look at. I am sure for every one I found I missed 5 or 6.

When uncle Freddie failed they were at 2.25% capital.

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You kill them all! - Genesis

Last modified: 2009-02-19 22:27:51 by mtgspy

2009-02-19 22:26:17
Finplayer
Posts: 494
Incept: 2008-01-30 A True American Patriot!
Mclean,VA
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Even less! I think there are less than 5 that currently fail this test (4 actually nowadays). But the top three of these are WELL over the 5% so the point still stands!

2009-02-19 22:26:42
Berkleyreindeer
Posts: 533
Incept: 2008-07-22
Minneapolis , MN
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I'd have a 48 hour information vacuum.
It would be very useful after delivering the toast at the last supper "raise as much equity as you ****ers possibly can before I flip the switch and kill almost all of you." The "good cop" to your "bad cop" would be to give them an opportunity to right their own ships. So far no one has seriously tried to do this. I'd bet if WFC knew it was coming, they'd raise more equity. overnight. that would solve the problem just as well.

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It'll get worse. Just wait.
2009-02-19 22:27:32
Cocoacash
Posts: 39
Incept: 2008-09-27
Boston
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Last modified: 2009-02-19 23:08:09 by cocoacash

2009-02-19 22:31:55
Cjworkman
Posts: 5015
Incept: 2007-08-22
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DOW theory confirmed....

we may (probably) get a rally in-between... but fact is that market psychology now says that we MUST plunge.

that plunge will be difficult (to say the least) for our monetary system and government to survive.

Shock and awe government invervention is really our only hope now.

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Ben is going to create an equity bubble from excess liquidity that tops at 1200... and bottoms at 300. A bubble inside of bearish economic conditions, so that it never reaches new market highs and crashes far below the lows. - me
2009-02-19 22:37:59
Blankfiend
Posts: 1447
Incept: 2009-02-07

MA
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The elephant in the room remains the Credit Default Swaps. I think the Bloomberg report shows that Bernanke is trying to get the jump on the Pederson bill here in order to protect Lloyd, John, Jamie and all of his other buds.

A quote from Chris Whalen of IRA:

While you might think that Treasury Secretary Tim Geithner and his counterparts at the Fed are focused on helping the US economy, in fact they believe they have a larger mission, which is to maintain the Too Big To Fail banks. This conflict between what is good for the big banks and good for the US economy continues to widen as the financial pressures build on the US Treasury. But fortunately the available resources are forcing the issue as to expenditure.

A big obstacle to progress remains the insistence by the Treasury and the Fed that we go "back to the future" in terms of remaking the world of large New York dealers and securitizations, but fortunately rising pressure of financial reality is forcing Geithner to change his plans almost daily. Not surprisingly, President Obama prefers to be on the campaign trail rather than face the dismal discussions in Washington, but sooner or later Barack Obama must make his case to the financial markets.


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Sun Tzu: “Strike when victory is assured”.

The events for which this period of American history will be most remembered have yet to occur.
2009-02-19 22:38:14
Vegasradar
Posts: 3529
Incept: 2007-07-11
A True American Patriot!
CA
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Thanks Widgeon
I should have put WHY I haven't watched it yet =

2009-02-19 22:40:25
Cocoacash
Posts: 39
Incept: 2008-09-27
Boston
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I too am a little fuzzy on #6. Fantastic outline. Well crafted.

2009-02-19 22:51:13
Searedlabia
Posts: 34
Incept: 2008-02-11
Arizona
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This would be wonderful....but we're talking about our government...which is based on lies...that's how it runs. I would love this plan to be implemented...but it would take a total revolution.

2009-02-19 22:53:48
Reddweb
Posts: 357
Incept: 2008-01-20
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thats all.

2009-02-19 23:00:14
Yazooflesh
Posts: 2190
Incept: 2007-08-02
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It's high time to flush the commode. No more ouchless bandaids. Liquidate Citi, BAC and Chase..yes even Chase! Restart viable banking with a 10-12 ratio injection into brand new banks. Too big to fail my ass!
Securitization is the only thing that kept these behemoths afloat in the first place. That market is dead and buried!

I want every damn penny returned that we have infused into these titans! Not one more damn penny for these failed institutions...

2009-02-19 23:07:44
Vmooper
Posts: 1181
Incept: 2007-11-30

Bailout ville
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Very solid Karl. You do have a gift. You probably put that together in less time than it took Timmy to not pay his taxes. Problem is, the pigmen and .gov aren't trying to fix problems yet, they are just serving their own interests while Rome is ablaze.

We need to file your ticker for after the revolt. I wish it were wrong, but until we fail we never succeed anymore. We are no longer capable of doing the right thing because the Oligarchy is in control. When we go boom, hopefully your writings tonight will be what is chosen.

We are governed by an alcoholic government. Anything difficult is always tomorrows problem. Guess what, it's now tomorrow.

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"If you don't know where you are going, speeding up is not the answer." -Jeff Macke
"If you bail out everyone, nobody gets bailed out." -Jeff Macke
"Welcome to Crazytown, population you and me baby." -Jeff Macke
2009-02-19 23:09:38
Themortgagedude
Posts: 3343
Incept: 2007-12-17

saint louis
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Bare Bank ****. I want to see Bare Bank ****.

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Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice.
2009-02-19 23:10:23
Vmooper
Posts: 1181
Incept: 2007-11-30

Bailout ville
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Mortgagedude, funny thing is we pretty much can assume who is swimming naked by how they behave. Problem is getting them to stand up and get out of the murky water.

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"If you don't know where you are going, speeding up is not the answer." -Jeff Macke
"If you bail out everyone, nobody gets bailed out." -Jeff Macke
"Welcome to Crazytown, population you and me baby." -Jeff Macke
2009-02-19 23:12:25
Eternalblue
Posts: 3881
Incept: 2007-08-09

sokali
Online
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What happened to treasuries in 1987

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all pullbacks are bear traps
2009-02-19 23:12:54
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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They were rising right in the maw of it, a paradox that nobody understood.

Just like now.

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-02-19 23:14:26
200toolate
Posts: 241
Incept: 2008-09-25
GA/AL line
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Is Ben cranking up the helicopter?

2TL

2009-02-19 23:14:36
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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Ben can't do **** with his helicopter.

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-02-19 23:16:25
Themortgagedude
Posts: 3343
Incept: 2007-12-17

saint louis
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Vmooper- my bet is that USB is the biggest bank in America that survives without nationalization of some kind. BAC - the shareholders should take Lewis out and shoot him, C - they should shut down tomorrow. JPM - they are toast just haven't admitted it. HBC done.

Hey who the **** is this brunette on Happy Hour on FBN? This is the best looking babe on Business TV I've ever seen.

WFC - gone - nothing but the stagecoach left. Nobody bigger than USB makes it. And I wouldn't bet my next paycheck that they'll make it.

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Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice.
2009-02-19 23:18:41
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