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| User Info | Had Enough FRAUD America? 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/877-Ha....
---------- "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
2009-03-18 08:02:59
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Mo Posts: 5502 Incept: 2007-06-26 
Florida
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This whole 'outrage' thing seems completely orchestrated. My sense is they were getting a little nervous that the anger might be turning against Congress and the Prez, so they released some info and whipped up a furor against AIG executives so they could lead the charge. Also interesting is the fact that Geithner appears to be left hanging out to dry on this. It's just another meme. It was 'confidence' last week. This week it's 'those evil AIGers'. Given that this administration has NO ability to focus, it might be profitable to try to anticipate next week's (and coming weeks) memes. ---------- "The World has been cancelled. It doesn't even look like the world. There is one island that is maintained and is said to be owned by the Sheikh and the rest looks like a pile of muck."
2009-03-18 08:22:12
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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North Korea is threatening to attack South Korea. It couldn't happen soon enough for these clowns.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-03-18 08:23:03
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Aliveh Posts: 2610 Incept: 2008-01-18
Los Angeles
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Agree with Mo, while I welcome the outrage, it seems to be too strongly directed at AIG while literally everyone else was doing the exact same thing. I personally don't want the people at AIG to literally die so I don't really approve of the death threats, etc, b/c that's a slippery slope and that sort of anger could be easily misdirected.
2009-03-18 08:30:19
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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The rage is just another act from the Obama administration. Pure theater. The Pigmen already got paid folks... that horse has already left the barn and there is not Obambi can or will do. Except bloviate.
---------- Think Green Tip.
2009-03-18 08:36:07
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Musicmax Posts: 349 Incept: 2008-09-19 
North Carolina Banned
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>> This whole 'outrage' thing seems completely orchestrated. Of course it is! Obama (a) VOTED FOR THE BILLS; (b) APPOINTED THE NY FED CHAIR to TREASURY.
2009-03-18 08:38:59
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Tesla Posts: 8182 Incept: 2008-04-03
Delaware
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Did anyone notice that the White House has reiterated their "complete confidence" in Geithner ? http://freedomeden.blogspot.com/2009/03/.... ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-03-18 08:56:26
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Schwantz Posts: 5077 Incept: 2007-11-12
Monkey Do
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ALL politics is orchestrated. Why wouldn't it be? They've got to take out AIG though...no alternatives. I'm happy to see at least one corporate entity get taken down. It's a start. Also, to be consistent, US taxpayers should also not be bailing out US entities that failed to manage counterparty risk properly, i.e. GS et al. The easiest way to get the money back from the foreign entities is to argue that THEY KNEW that AIG was an equivalent to bankrupt entity when they took the money, that it constitutes fraudulent conveyance, and that THEY were responsible for their counterparty losses. That argument includes all parties. ---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy! Last modified:
2009-03-18 09:04:57 by schwantz
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Phirang Posts: 8824 Incept: 2008-10-25
bar khoba's revenge
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The boys running those off-shore hedgefunds that have AIG as a counterparty must be laughing their asses off at J3P and his confused indignation.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-03-18 08:58:14
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Fedup Posts: 202 Incept: 2007-06-26
East Jordan, Michigan
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I have had enough. I wish I could convey like this guy...I would like to see this on the evening news
---------- Evil prospers when good men stand still Last modified:
2009-03-18 10:20:43 by fedup
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Baldy Posts: 6555 Incept: 2008-05-16
Pittsburgh
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Well done. Everyone should have known- this members of this WH and the previous, the Congressional committees and the Fed.
---------- FY2011 Budget - Hist'l Tables (PDF 2.0 MB) http://www.whitehouse.gov/omb/budget/fy2011/assets/hist.pdf 1996-2011 budgets: http://www.gpoaccess.gov/usbudget/browse.html
2009-03-18 09:11:07
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Lakeshorelady Posts: 5402 Incept: 2007-08-17
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Below is NOT a comment on the reaction to The Ticker nor is it in any way commenting on the author's purpose. It is a comment on the WE the people's reaction to The Ticker Look at the above posts Look at how easily this is dividing "WE, the people" Look at how well it works politically Look at how the blame is now placed on one group Toss some gas on the flames and stand back Then WE the people wonder why we hear and in the past have heard crickets in ANY and ALL of these type of situations -- countless situations in the past parallel this This is working perfectly for some, the above is a good reflection of "buy in". Why would the half that is benefiting from this sort of "buy in" do anything to address any of this? Because this is how you build power -- this is how the game is played -- I do not mean this as a statement of either side, I mean it as a statement of BOTH "sides". This is a statement of how this country works politically in any SHTF situation and why we get this type of ****. Sadly this has been more and more prevalent over the last decades. The division of WE the people IMHO is purposefully and intentionally carried out via well planned rhetoric and we as a nation become more splitered into a fight between the "left" and "right". The result is NOT about accountability, it is about the message of blame. It works perfect to satisfy the goal of the folks behind it, Develop a platform and get elected. When that is the overall goal, what motivation is there to fix anything? I say there isn't -- in fact, the motivation is for things to be more ****ed up. Both sides do it and the best at it gets the prize. Great result if it is "your guy" but this type of political tactic will always beget the question.. What does it do for WE the people? My intention is not to direct this at anyone nor is it to direct it to any "side' How sad is it when I know I have to clarify that and that people know exactly what I mean when I say "side" -- WE the people are so divided at this point... Kinda sad for the WE when you really think about it, isn't it? Please don't follow this up by writing about who is to blame for this division, it only fuels the fire. What would be the best is if we could admit that is where we are at and figure out how to fix it -- Put all the liberal/conservative talking points aside and replace them with WE the people talking points How you can successfully do it -- I wish I knew, For the sake of WE the people, I so wish I knew ---------- "Like all other idealisms, patriotism varies from a noble devotion to a moral lunacy." - W.R. Inge Last modified:
2009-03-18 10:06:46 by lakeshorelady
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali
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Quote:Stop the looting and start the prosecuting right now or we will take our ball and bat and depart, leaving you with an un-fundable government budget that will be forced to contract by more than 75% within days, along with a smoking hole where your capital markets and economy once were. So what's stopping the fed from printing and buying the difference in that case? ---------- my miniblog; http://economicpsychosis.blogspot.com/
2009-03-18 10:06:40
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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EB, your question has been answered about a dozen times and you've been here long enough to read SEVERAL of those expositions. ---------- "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:
2009-03-18 10:10:15 by genesis
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali
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apparently i'm a slow learner with crappy retention i'll dig through the search then ---------- my miniblog; http://economicpsychosis.blogspot.com/
2009-03-18 10:12:40
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Tesla Posts: 8182 Incept: 2008-04-03
Delaware
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LSL - I see the opposite. I see bi-partisan anger, altho certainly the anger is directed at too narrow of a target. If you listen to Glenn Beck in particular, you'll hear people who identify themselves as conservative AND as liberals who are all madder than hell at the blatant giveaways to the boyz on Wall Street. I see this as the nightmare of the political class - that perhaps finally, all the J6Ps get mad at all the politicians. We'll see. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-03-18 10:47:34
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Cjworkman Posts: 5615 Incept: 2007-08-22
Online
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I had the thought that there were round table meetings to purposely release the Bonus money thing as a smokescreen to divert attention from the massive amount of tax payer money going to foreign institutions, but i had discounted it as a tin foil thought. i guess it's not. This administration is dead if this becomes public knowledge. And that will be the quickest hero to zero i've ever seen. ---------- 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
2009-03-18 10:47:51
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Seems like its already become public knowledge 
---------- "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
2009-03-18 10:51:06
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Risingcream Posts: 2547 Incept: 2007-09-07
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I can hear a chortle from Karl Marx's grave.
---------- Civilization...ancient and wicked. --Subotai The trees in Siberia are miles apart, that is why the dogs are so fast. -- Bob Hope
2009-03-18 11:00:18
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Get_a_grip Posts: 106 Incept: 2008-10-10
Wisconsin
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Okay, I may be all wet here....but my assumption is that since AIG is the counterparty for a lot of CDS's -- that our Gov is funneling money to Investment Banks and other foreign banks because these IBs, etc., would also be insolvent if they didn't receive this money. So my assumption is that our Gov has decided that they MUST do this to prevent a lot of other firms all over the globe from going belly-up and putting the gobal financial system at risk. Now "if" that is true -- does that change anyone's opinion? Should we let big banks around the globe fail and more of our large IB's? NOTE: This is just an assumption and question -- I personally believe that prosecutions are in order and that the taxpayer should be protected first. ---------- "In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move." - Douglas Adams “I'll be more enthusiastic about encouraging thinking outside the box when there's evidence of any thinking going on inside it." -Terry Pratchett
2009-03-18 11:00:27
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Quote:So my assumption is that our Gov has decided that they MUST do this to prevent a lot of other firms all over the globe from going belly-up and putting the gobal financial system at risk. Now "if" that is true -- does that change anyone's opinion? Should we let big banks around the globe fail and more of our large IB's? Yes, we should. If we're going to bail people out it should be done CLEANLY with APPROPRIATED FUNDS. Not through the back door in the HOPE that the people won't figure it out. I said a YEAR AGO that this as going to be done and was laughed at. Who's laughing now? ---------- "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
2009-03-18 11:01:39
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Get_a_grip Posts: 106 Incept: 2008-10-10
Wisconsin
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Yes, what is interesting is that we all assumed that China we get a lot of the money, but so far it appears that the European banks have benefited. I wonder if we will ever see the complete list and how much money went to China.
---------- "In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move." - Douglas Adams “I'll be more enthusiastic about encouraging thinking outside the box when there's evidence of any thinking going on inside it." -Terry Pratchett
2009-03-18 11:08:36
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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AMEN KARL! This whole bonus thing is a smokescreen indeed. Furthermore, the $200 million we are talking about here is a PITANCE compared to the par value redemption we have given GS and their like. No wonder their CFO David Viniar was able to respond to Meredith Whitney that their exposure to AIG was "immaterial." As taxpayers, we need to DEMAND that these counterparties take a serious retroactive haircut on these CDS payouts! Is there NO ONE who stands up for taxpayers at this point?? ---------- 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.
2009-03-18 11:17:42
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Venkman Posts: 2608 Incept: 2008-03-08
Central Florida
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Quote:We have existing laws that make that conduct illegal. Investigate the activity, charge the wrongdoers, prosecute them, get your convictions and toss the lot of 'em in prison with a bunch of 7' tall rapists in the exercise yard, no guards, and a $100 video camera in the guard shack. Yet another ticker I'd like to forward but won't because of this kind of crap. It's not that it's objectionable or offensive, IT TOTALLY OBSCURES THE MESSAGE. People seize on this, stop reading and ask me not to forward any more. :( ---------- Skittle crapping Unicorns - Taste the Rainbow!
2009-03-18 11:19:38
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Risingcream Posts: 2547 Incept: 2007-09-07
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Venkman, you shouldn't call other people's writing style crap. It adds flair to the issues.
---------- Civilization...ancient and wicked. --Subotai The trees in Siberia are miles apart, that is why the dogs are so fast. -- Bob Hope
2009-03-18 12:09:22
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