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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1251-C....
---------- "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
2009-07-22 23:49:17
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Maple Posts: 4461 Incept: 2007-09-03 
Southern California
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There's support at zero!
2009-07-22 23:53:01
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Etz3l Posts: 9103 Incept: 2007-06-26
Online
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Quote:FDIC Chairman Sheila Bair told lawmakers that 500 more banks are at risk of failureJust beacuse the Goldman Sachs crooks have stole their way out of the hole, doesn't mean that all the zombies will make it. ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2009-07-23 00:14:05
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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Karl, on tonights video you were "train of thought" talking as you pondered the Qualcomm puts. Can you do that more often. That's great insight into how you think. Very educational. When you said 26.... I was going, damn! There's a gap there down to 24.88. That looks juicier than you're saying.
---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice.
2009-07-23 00:14:16
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Asimov Posts: 26716 Incept: 2007-08-26
east tennessee Online
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Maple: I'm begining to doubt that. Particularly with financial companies. I think some earnings are being computed and only the absolute value being published. Maybe they'll do the same for stocks! Wouldn't that make accounting fun? I have -$100 on my balance sheet and I owe you half. -$100/2 = $-50. You owe me $50 you deadbeat! Yes, I'm conviently ignoring that +50 answer. :) ---------- 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.
2009-07-23 00:14:19
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Maple Posts: 4461 Incept: 2007-09-03
Southern California
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It sure is getting weird, Asi. Your example sounds a lot like a collection call I made yesterday.
2009-07-23 00:20:49
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Eesmith4 Posts: 395 Incept: 2008-12-31 
Missississississippi
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+1 to what Boz said.
---------- While at a conference a few weeks back, I spent an interesting evening with a grain of salt.
2009-07-23 00:25:02
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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etz: that the FDIC hasn't closed them already tells you how far behind the system really is with these zombies. If a bank is low on capital, you tell management to find investor money by next week or the bank will be put into runoff. end of story. or at least that would be the story in my parallel universe where logic is used.
---------- It'll get worse. Just wait.
2009-07-23 00:25:36
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Jcwaliski Posts: 1896 Incept: 2008-10-01
Chief Douchebag
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This reminds me of when Levitt (a homebuilder and BBX spin-off that I owned from the spin-off) pulled this crap in 2005. Their CEO came on CNBS in August and touted the company as recession-proof, and then they bombed their earnings a little over a month later. I caught the earnings (loss) release at 10 PM right before I went to bed, and I then put in a market sell order for them and BBX. Levitt never traded at what I sold them at ($26/share) again.
---------- Ultimately, we are all seeking the truth--to expose it, lay it bare, own it as our own. My take on this place is simply that there will be NO COMPROMISE in exposing what IS. - Truthseeker
2009-07-23 00:50:43
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Etz3l Posts: 9103 Incept: 2007-06-26
Online
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Berk, more than 100 of my peers lost their jobs today. These were mostly engineers and research scientists. This has been happenning for the last several months. At what point does the social and political damage become more expensive than sustaining the zombies? I could be wrong but at the current rate the little wheels won't hold for much longer. Here's what Chris Whalen had to say today, Quote:The go slow approach to dealing with the zombies is not much help for the real economy, which is represented by real assets on the books of real banks, many of which have stopped lending. The policy of extend and pretend followed by elected officials "trickles down" from Barack Obama to your governor and mayor, delaying the necessary adjustment to the US financial system and increasing the financial and social cost of the cleanup. This cost is especially acute as it effects small business because contracted credit markets discriminate based on size above all. Perhaps we can all become bankers, politicians, realtors and *****s... ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes. Last modified:
2009-07-23 01:19:09 by etz3l
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Peterm99 Posts: 195 Incept: 2009-03-21 SoCal
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Etz31:Quote:Perhaps we can all become bankers, politicians, realtors and *****s... I have long assumed that the first three are just subsets of the fourth.
2009-07-23 01:32:40
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Etz3l Posts: 9103 Incept: 2007-06-26
Online
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One could argue that *****s at least provide a tangible service 
---------- Treating the symptoms of financial corruption isn’t the same as removing the causes. Last modified:
2009-07-23 01:49:29 by etz3l
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James56287 Posts: 645 Incept: 2008-07-28
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Umm. I seem to remember a reporting convention that you're not supposed to state losses on a per diluted share basis as it makes your earnings look less bad, as the loss is spread over a greater number of shares.
---------- We're all in the market to steal from each other. The least we can do is behave like gentlemen while we're at it.
2009-07-23 02:02:47
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Bdcmc03 Posts: 35 Incept: 2009-04-03
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They are going to extend and pretend as long as possible. But, I too, feel time is running out.
---------- "Artificially low interest rates are achieved by inflating the money supply." -Dr. Ron Paul
2009-07-23 02:09:47
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Jubber Posts: 4242 Incept: 2007-07-05
UK Online
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Weren't these the guys who sued Bove , I believe he even said they were dead?
---------- "War is God's way of teaching Americans geography." Ambrose Bierce "The Emperor realized that the people were right but could not admit to that. He though it better to continue the procession under the illusion that anyone who couldn't see his clothes was either stupid or incompetent." Hans Christia
2009-07-23 02:57:27
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Dji Posts: 720 Incept: 2009-04-21
Fleming Island
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Gen is the COP on the beat. Hey Gen was your new carpet 30% off or more? How hard was it to get a good deal? ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-07-23 07:34:41
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Wasn't hard at all, and neither was having the installers do a very nice - and careful - job. Funny how not being busy changes attitudes. ---------- "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
2009-07-23 07:37:03
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Dji Posts: 720 Incept: 2009-04-21
Fleming Island
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One of the few good things that will come from this mess
---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-07-23 07:47:26
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