RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 3 | First | 1 | 2 | 3 | Last |
| User Info | FLASH: Liddy Lays An Egg On BERNANKE! in forum [Ticker] | |||
|
Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
|
http://market-ticker.org/archives/1037-F....
---------- "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
2009-05-13 13:31:46
Permalink | |||
|
Vegasradar Posts: 3956 Incept: 2007-07-11 
CA
|
I thought that is what I heard ****ers! Issa didn't look too happy and he was sure to ask the question a few times to get clarity wonder if BB will be called to testify on AIG now? ---------- Remember, all Bennie has is dollars. He destroys the currency, he destroys himself. —Karl Filling in the Pieces- an economic overview: http://storage.denninger.net/ppt/teapart....
2009-05-13 13:34:52
Permalink | |||
|
Koaj Posts: 957 Incept: 2009-02-03
NJ
|
got my pitchfork in my hand
2009-05-13 13:40:16
Permalink | |||
|
Psgirl Posts: 3679 Incept: 2009-02-18
Online
|
When did this happen (not the testimony, the ****).
2009-05-13 13:42:38
Permalink | |||
|
Genesis Posts: 71432 Incept: 2007-06-26
KD^2
|
When the CDS were paid at 100 cents on the dollar to the banks using Federal Bailout money. A couple of months ago; written about EXTENSIVELY in The Ticker at the time. ---------- "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
2009-05-13 13:44:19
Permalink | |||
|
Mezzmor Posts: 507 Incept: 2008-10-09
Orlando, FL
|
Just gets better and better doesn't it? This means at the least, the government stole between $1000.00 and $3300.00 from me and gave it to the banks, assuming 100 billion divided amongst roughly 100 million taxpayers, which is probably more like 30 million taxpayers in reality. Can't we just shoot them? Do we honestly need a trial? Last modified:
2009-05-13 13:44:51 by mezzmor
| |||
|
Dji Posts: 720 Incept: 2009-04-21
Fleming Island
|
AIG will pay back the 100 plus billion in 2 to 3 years? by selling assets? what happened to BK. go to court sell assets to pay who ever you owe and done? Oh wait GS needed a few billion free from the taxpayers, I see [****_you] 
---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-05-13 13:48:48
Permalink | |||
|
Bluebird Posts: 524 Incept: 2008-05-02 
|
Dennis Kucinich: This is NOT acceptable, Mr. Liddy. I'm not going to let you get away with it! http://www.youtube.com/watch?v=oTHNxDymI....
2009-05-13 13:51:46
Permalink | |||
|
Mrobe10586 Posts: 49 Incept: 2008-12-30
|
Issa shows up on the evening talking head shows every once in awhile. He's made an ass out of himself on more than one occasion. Do you think it's too much to hope for that he will attempt to redeem himself by grabbing onto this and not letting go? Jesus, I am disappointed in Obama!!!
2009-05-13 13:54:36
Permalink | |||
|
Curbyourrisk Posts: 1891 Incept: 2008-08-19 Long Island, New York
|
INDICTMENTS!!!!! Where are the indictments???????? I will gladly supply all rope necessary. You just have to supply the indictments! ---------- Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple. Why is Franklin Raines a free man? "We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009 
2009-05-13 13:56:48
Permalink | |||
|
Schwantz Posts: 5077 Incept: 2007-11-12
Monkey Do
|
Go smurf go. My money's on the little guy.
---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy!
2009-05-13 13:56:58
Permalink | |||
|
Joe Posts: 716 Incept: 2008-06-18 Boston, MA
|
Is there video of the Kaptur/Liddy Q&A yet?
2009-05-13 14:03:41
Permalink | |||
|
Throxxofvron Posts: 2672 Incept: 2009-02-17
The Land of Bilk & Money
|
Smoking Gun Testimony! If the indictments don't come then whatever the Citizenry do on Their own is fair game. Prosecutions or Lynchings: it is an easy choice now and won't be a choice for much longer. ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
2009-05-13 14:08:48
Permalink | |||
|
Salukitrader Posts: 185 Incept: 2008-03-03 Carbondale, IL
|
Thanks, Bluebird. That Kucinich is a badass.
2009-05-13 14:18:14
Permalink | |||
|
Zzt Posts: 983 Incept: 2007-06-26
Glendale az
|
I am going to, for once in my life, be Mr. optimist here. CONgress seems to be GETTING IT little by little. Judges seem to be ruling against the banking oligarch little by little. People seem to be understanding little by little, everyone seems to be getting a little tired of the BS and they seem to be getting a little ****ed off. Kucinich appeared to be genuinely informed and angry and maybe he will help the other cretins in CONgress understand too. Dare I hope that some of these ****ers get water boarded in the future? Comment : Everyone on this site knows the part that GS played in this situation. There is no one in this world I want to see get ****ed more than GS. It used to be Mozillo But now GS is in the lead by a mile.
2009-05-13 14:23:31
Permalink | |||
|
Spazznout Posts: 235 Incept: 2009-04-15 Columbus, Ohio
|
Karl, I hope your new party platform is intended for after the Crash and burn/revolution/civil war takes place......cause honestly its too late unless you have a suitcase nuke in NY and the balls to blackmail the country. I used to be under the delusion that at some point people would wake up en mass before our countries collapse. However I do believe that is a dream. This does not mean I have given up as my actions are a testimony to. I will fight until it falls apart and will then fight harder to put it back together. No matter how ****ed up our country has become I love what we were and what we can be and should be as a free country where Laws are above government and banks and corps and corrupt politicians and criminals. ---------- "Those who make peaceful revolution impossible, make violent revolution inevitable." John F. Kennedy 35th president of US 1961-1963 (1917 - 1963) Last modified:
2009-05-13 14:33:10 by spazznout
| |||
|
Pauperbear Posts: 1407 Incept: 2008-01-22
norwalk, ct
|
WHERE ARE THE COPS??!!!
---------- The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is. Winston Churchill
2009-05-13 14:35:24
Permalink | |||
|
Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
|
Umm, didn't we already know we got ****d? Isn't paying par for the underlying contracts the essence of settling a CDS? Am I missing something that makes this news? Karl, are you just pointing out that someone in Congress has recognized this, and that they are now obligated to do something about it? Just so everyone knows, it was Maiden Lane III that covered AIG. ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com
2009-05-13 14:36:21
Permalink | |||
|
Genesis Posts: 71432 Incept: 2007-06-26
KD^2
|
II and III Tx.
---------- "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
2009-05-13 14:37:57
Permalink | |||
|
Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
|
Maiden Lane III settled the CDS (bought CDOs from AIG counter-paraties). Maiden Lane II bought RMBS directly from AIG, I believe.
---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com Last modified:
2009-05-13 14:44:12 by txdomer
| |||
|
Lunatic_fringe Posts: 5706 Incept: 2007-06-26
Location: Terra Firma
|
What's all the hubbub? Bernanke says we'll ultimately make a profit on the Maiden Lane stuff if we just wait long enough (like a million years)...
---------- --------- __o ------- _`<,_ ------ (*)/ (*) ******************
2009-05-13 14:45:55
Permalink | |||
|
Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing. Online
|
Marcy Kaptur just got some CRITICAL informtion there. They seemed like 'boring questions' but she is doing her homework.
---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org  "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-05-13 14:50:04
Permalink | |||
|
Genesis Posts: 71432 Incept: 2007-06-26
KD^2
|
Yep. I heard that - right at the end. Heh heh.... they're waking up. Time to crank up the heat a few notches. ---------- "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
2009-05-13 14:51:07
Permalink | |||
|
Pika-steph Posts: 39200 Incept: 2007-09-11
^Why I keep^ fighting; so he is not fighting for nothing. Online
|
Nothing like exposing a little conflict of interest and putting it on record, while not so subtley collecting addresses.
---------- Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
2009-05-13 14:58:05
Permalink | |||
|
Jhonab Posts: 215 Incept: 2009-03-24
Denmark
|
Gen, speaking of price discovery, here is a fine piece on the never solved problem with price discovery (which of course is not the real problem, it is only a problem, when the market is not allowed to set the price) on the socalled 'legacy assets' - WSJ said earlier today (can't find it now, perhaps they've retracted it), that Geithner has appointed the hedge fund managers to form the private part of this wonderful private-public partnership known as P-PIP, which you might call the Paulson Toxic Legacy. Basic assumption is that overpricing is inevitable - it seems that everything the FED or the Treasury touches immediately turns into gold. The Put Problem with Buying Toxic Assets by Linus Wilson, Assistant Professor of Finance University of Louisiana "This paper uses the option pricing arguments of Merton (1974) to demonstrate that even solvent banks will be reluctant to sell volatile, toxic assets at market prices. Banks’ shareholders have insolvency puts that give them limited liability in the event of default. The insolvency puts are more valuable when the banks’ assets are more volatile. Shareholders in banks will require any buyer to pay for the lost volatility as well as the market price of the toxic assets. Thus, taxpayers must be ready to richly overpay if they want banks to voluntarily part with their toxic assets." http://ssrn.com/abstract=1343625 http://www.linuswilson.com/
2009-05-13 14:59:24
Permalink | |||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 3 | First | 1 | 2 | 3 | Last |