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| User Info | FLASH: AIG Called CRIMINAL SCAM in forum [Ticker] | |||
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Genesis Posts: 71378 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/923-FL....
---------- "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
2009-04-02 11:43:33
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Wearedoomed Posts: 903 Incept: 2009-01-14 
Petra Online
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Quote:Seen in this context, the payments made to AIG by the Fed and Treasury, which were then passed-through to dealers such as Goldman Sachs (NYSE:GS), can only be viewed as an illegal taking that must be reversed once the US Trustee for the Federal Bankruptcy Court for the Southern District of New York is in control of AIG’s operations. So, it's very, very, very not in the interest of TPTB to bankrupt AIG. Great. ---------- The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.
2009-04-02 11:44:42
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Okay. This is the first time this stuff has made me feel like I'm gonna puke. Literally.
---------- I say it's spinach, and I say the hell with it.
2009-04-02 11:47:14
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Margincalltime Posts: 830 Incept: 2008-04-01
NJ
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The question is...who is going to stop them?
2009-04-02 11:48:12
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Wearedoomed Posts: 903 Incept: 2009-01-14
Petra Online
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Cuomo? Sure as hell won't be DickHolder.
---------- The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.
2009-04-02 11:48:42
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Thetemplateblog Posts: 60 Incept: 2008-10-21 
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Quote:AIG was a Ponzi scheme plain and simple, yet the Obama Administration still thinks of AIG as a real company that simply took excessive risks. No, to us what the fraud Bernard Madoff is to individual investors, AIG is to the global financial community. Let me try to understand this, in essence giving our TAX dollars to AIG ( in the form of a "bailout" ) was is the same as if we gave our TAX dollars to Bernard Madoff ? ---------- ......................................................................... I will keep My Guns, My Freedom, and My Money...You can keep the change!
2009-04-02 11:57:16
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Tstt Posts: 34 Incept: 2008-09-18
Indiana
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I am with Fidgit...My stomach is doing flips right now. Disgusting!
2009-04-02 11:58:29
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Usk Posts: 246 Incept: 2008-04-18
France
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Outstanding. In all probability then, the vast majority of AIG CDS contracts are Null and Void. The implications are nothing short of horrific. Anyway, good luck US taxpayer to get your money back. Unless a criminal action is now engaged against the people who have covered the bailout, you won't be able to get the money back.
2009-04-02 12:01:31
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Madman Posts: 1294 Incept: 2007-09-13
ct,USA
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the evidence is GONE or soon will be!!! nothing to see here, move along.....
---------- "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." -- Abraham Lincoln - Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by workin
2009-04-02 12:02:53
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Reza30 Posts: 233 Incept: 2009-02-15
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Karl, This fraud seems to have no end in site. Look at the market today shooting up on the relaxing of mark-to-market rules. Looks like the criminals have won. China up by 1000 points. My question to you is... You called the market upswing beautifully in your "Beware The Sharp Snapback". You have also said in your radio show that this will continue for a while and then probably collapse in the Summer as tax revenues crater. Have you changed your theory? It seems that unemployment and the plight of the middle class have become irrelevant to the stock market. They know that the powers that be will simply print money or take it forcefully from the tax payer and give it to Mr. Market. 
2009-04-02 12:06:35
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Genesis Posts: 71378 Incept: 2007-06-26
KD^2
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Template: Go look again - I distilled it into one sentence at the end for you. Reza: Nope. In the end the cash flow always wins. Always. ---------- "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 Last modified:
2009-04-02 12:08:07 by genesis
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Alanha Posts: 2087 Incept: 2008-12-30
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Quote:The question is...who is going to stop them?The taxpayer, when he doesn't mail anything on 4/15. Then they'll no longer be stealing from him, but from the Chinese or whomever else is still dumb enough to be buying USG paper.
2009-04-02 12:10:51
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Themortgagedude Posts: 3929 Incept: 2007-12-17
saint louis
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This is not going to end with  . Much more likely to end with  or   .
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-04-02 12:11:03
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Matt Posts: 3820 Incept: 2007-06-26
Bothell, WA
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I'm going to start faxing this to every ****ing AG office around the country. My ****ing god it ****es me off to see it layed out so clearly.
---------- "Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now."
2009-04-02 12:11:55
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Alan: yep.
---------- I say it's spinach, and I say the hell with it.
2009-04-02 12:13:00
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Stinkydrunk Posts: 121 Incept: 2008-04-12
SE MI
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Please forgive this simple question. Why is the .gov propping up AIG?
---------- "Impromptu Obamanomics is getting scarier by the day. For all the president’s touted intelligence, his un-teleprompted comments reveal a basic misunderstanding of capitalist principles." -- Caroline Baum
2009-04-02 12:13:26
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Jazen Posts: 1509 Incept: 2007-07-17
Online
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Stinky In for a penny, in for a pound. ---------- Y'all smoke this **** to escape reality? Me, I don't need this ****. I am reality.
2009-04-02 12:14:09
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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I think we have already crossed the event horizon and a t-bond dislocation is already underway. The equity market is a side show. ---------- Think Green Tip.
2009-04-02 12:16:34
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Rockford Posts: 733 Incept: 2008-04-19
San Diego
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It seems they have had plenty of time to hide the sausage, with knowing or unknowing complicity of our "leaders". I suspect Paulson and Geithner would be in the know, not sure about the rest. Darn the US has sunk to extreme lows. Fraud abounds and is the rule not the exception. Sad day for America as we continue down the road to ruin. This cannot end well, crap like this cannot be covered up forever. My mind is reeling with disgust. May be time to pack up and leave to another country, this one is headed for self destruction.
---------- I'll keep my freedom, my Bible, my guns, my money... you can keep THE CHANGE.
2009-04-02 12:19:47
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Redfigures Posts: 704 Incept: 2008-02-24
State of Flux Online
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Building a Dec PUT position in SPY with this rally.
2009-04-02 12:23:16
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Muscleknight Posts: 2786 Incept: 2007-06-26 Columbia, SC Online
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Our foreign landlords will eventually demand payment then its whooo nelly.
---------- My Financial Avatars - http://s677.photobucket.com/albums/vv131.... The best lies have elements of truth. If my uncle jack helped you off an elephant, would you help my uncle jack off an elephant? Yesterday's Tinfoil is Today's news
2009-04-02 12:29:09
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Swrichmond Posts: 146 Incept: 2009-02-12
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"The key point is that neither the public, the Fed nor the Treasury seem to understand is that the CDS contracts written by AIG with these various non-insurers around the world were shams - with no correlation between “fees” paid and the risk assumed." For my part, I think they understand it perfectly. IMO the entire derivatives game is the last Ponzi scheme; it enabled the insane leverages which enabled the economy to continue to "grow" when we should have been having a recession. The government knowingly ignored the mess because doing so enabled the welfare-warfare game to continue a little longer. dashingdwl: yes, we crossed the event horizon some time ago; we did so publicly when the Fed started buying the long bond, but it was in fact crossed long before that. We're going for a ride and the ride operator won't let us get off. Our only chance will come when the ride breaks.
2009-04-02 12:31:11
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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I want to know from one of the techies, how hard it is to truly destroy emails?
---------- It'll get worse. Just wait.
2009-04-02 12:36:05
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Reza30 Posts: 233 Incept: 2009-02-15
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Rockford Wrote:Quote:Fraud abounds and is the rule not the exception. Sad day for America as we continue down the road to ruin. This cannot end well, crap like this cannot be covered up forever. I hear you, but I wonder if it can be covered up (in one form or another) forever (or for a very long time at least). The fraud and the "Bezzle" have spread globally. While I agree with a lot of what Karl is saying, I am beginning to wonder if the coordinated global fraud by the world governments will eventually trump some of Karl's predictions. What if they all ran the printing presses like there is no tomorrow? What if they perpetually manipulated the markets like they are now? What if they only enacted laws to help the banks? What if they all kept interest rates low like they are now, and force them to stay low? ... Last modified:
2009-04-02 12:37:35 by reza30
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Genesis Posts: 71378 Incept: 2007-06-26
KD^2
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If there are backups, nearly impossible. If those backups are to TAPE or other write-evident media tampering is easily determined by forensics. Of course the backups could go MISSING, but that's a problem all on its own for firms that have a legal requirement to maintain records. ---------- "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
2009-04-02 12:37:46
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