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| User Info | Ok, I'm Gonna Say It - WaMu in forum [Ticker] | ||||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/archi....
---------- "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
2008-09-11 08:45:34
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Bluntfacts Posts: 693 Incept: 2007-10-09 Las Vegas, Nevada
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Okay. I love to bash Citi, but just maybe someone there read those Tickers last year. A quick look on Yahoo Finance on WM found the following... 11-Dec-07 Citigroup Downgrades Hold to Sell. Better late than never. ---------- "Will someone come on TV and tell the truth about how bad it is". Jim Cramer August 2007. "We can change the focus to a soft blur; or sharpen it to crystal clarity" The Outer Limits 1964.
2008-09-11 08:59:11
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Mondocondo Posts: 3143 Incept: 2007-12-03 
Miami
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Kudblow was in rare form last night, claiming everything was peachy because we now know that the government will be bailing out any failing financial institution that poses systemic risk. With an avalanche of failures on the horizon, that isn't possible even if the government wanted to do it. Is he that stupid?
2008-09-11 09:24:36
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Guydaley Posts: 10916 Incept: 2007-07-10 
Missouri & Wyoming Online
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Kudblow shouldn't do his spiel unless he's wearing a cute little cheerleader outfit (well, cute on a teenager) and matching pom poms. This way, the sheeple will know its for entertainment purposes. Otherwise a lot of clowns will believe him. I had a good friend that thought Cramer was a genius BECAUSE HE OWNED A HEDGE FUND AND WAS RICH. But, I helped point out his discrepancies and after a period of time she didn't think much of Cramer. ---------- 2/17/09 = Hogzilla bill was signed = THE POINT OF NO RETURN = Cheers to the Reset, LONG LIVE THE UNDERGROUND ECONOMY! STARVE the BEAST! Adopt a J6P.
2008-09-11 09:29:12
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Lemonaid Posts: 4782 Incept: 2008-01-20
Detroit Metro
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Karl... it's "Lemonade Stand" not "Lemonaid Stand" 
---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
2008-09-11 09:30:51
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Eddd Posts: 35 Incept: 2008-03-25 New York
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Yep, and when WaMu blows watch out below. Wamu is like IndyMac only bigger. When Congress and the Fed have to step in to arrange for the orderly disassembly of WM it is going to set off alarm bells in investors heads because it is ANOTHER area of the financial sphere that is undercapitalized requiring help. Fear is back after a breif summer hiatus. I expect a big drop on the stockmarket within a few weeks. I don't have much to base this feeling on except for the knowledge that WM is F****D and the old gut, but I'm watching...
2008-09-11 09:50:12
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Midwestman Posts: 1595 Incept: 2007-12-10
Indiana
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You ask what the regulators were doing. Well since this is a new era they were all drinking, taking bong hits, doing coke lines and probably ****ing a few bank "employees". Not your silly stodgy rules and regulations type of "regulators", but your normal regular folks acting like regulators. Just like the normal regular folks we elect to every office to act like leaders. When the guy at the top gets blowjobs, you can see if it is affecting his performance on the job or compromising national interests. But the guys in the middle to the bottom who is watching over them? If you want to steal secrets from an embassy do not go after the ambassador, he is a lecher anyway. Go after the security guys, they have keys to everything, they know how to cover their tracks and they are too dumb to realize they have been had that they can still pass a polygraph test. No wonder everyone wants a government job these days - stable income, regular raises, great perks and ****y-sucky all the time.
2008-09-11 09:54:30
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali
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unfortunately, many americans will have to take it up the ass, one by one, before american idol and nfl whoring stops and the pitchfork protests start. ---------- my miniblog; http://economicpsychosis.blogspot.com/
2008-09-11 10:02:50
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Mdrive Posts: 632 Incept: 2007-11-26
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KD.. the ugly truth is that since our "regulators" have been so competent as to have ignored this level of deterioration in the balance sheets of our banks, and WaMu is not the only one by far, refusing to force these clowns to take their marks and account for them, they have effectively rolled the dice on a resumption of home price inflation COMPETENT? i think you mean incompetent, but not totally sure because 'competent' could be said in complete sarcasm... Last modified:
2008-09-11 10:14:09 by mdrive
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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If you want sanity in the world, men must be allowed to hire full time assistants called, for lack of a better word, ball washers. These would be a nubile, young wenches whose job it was to keep the male drained of the juices that affect the sanity of his thinking. Most men would need to have 3, one for each of the 8 hour shifts in the day. Oh please, I respect family values! Wives would get the weekends. ---------- 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.
2008-09-11 10:13:52
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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You don't do sarcasm? 
---------- "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
2008-09-11 10:14:02
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Mdrive Posts: 632 Incept: 2007-11-26
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lol...yes i do... i live it...<gg> i wasn't sure, just checking :)
2008-09-11 10:16:55
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Wthef Posts: 620 Incept: 2008-02-25
philadelphia
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has anyone forwarded these tickers to the investment company's that invested or are thinking of investing in these banks? karl, seems to me these company's would pay a good salary for your knowledge. you deserve it thanks ---------- "I had to look at her today and sat there staring at her bronze naked body laying in the sun, a flaming red candle in her hand she took me in. Her figure consumed me 36-32-34 and said "take me" I stumbled forward as I engaged her stare and she pulled me down towards her. I ripped off my shirt and dropped my pants, we f
2008-09-11 10:23:33
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali
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damn WM down another 20% today? $1 range now someone just put them out of their misery. ---------- my miniblog; http://economicpsychosis.blogspot.com/
2008-09-11 10:26:02
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Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
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Karl, Your flag avatar should be upside down - indicating distress. We've been sailing on a ship of fools. Now the water is coming over the gunwales, we burned the lifeboats for fuel, and we're heading into a hurricane. Those that don't have a life vest are screwed. ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com
2008-09-11 10:32:03
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Not today Tx. This is 9/11 day. Tomorrow I might invert it
---------- "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
2008-09-11 10:46:17
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Tesla Posts: 8182 Incept: 2008-04-03
Delaware
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Great idea - here's the proper image.
---------- "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
2008-09-11 10:47:36
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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5 year CDS wamu(wm): Will be 44/46½..closed yesterday at 42½
---------- Think Green Tip.
2008-09-11 10:48:29
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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44 PERCENT?
---------- "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
2008-09-11 10:49:27
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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Yes... 44%. That's a live quote from DB.
---------- Think Green Tip.
2008-09-11 11:02:28
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Genesis Posts: 71435 Incept: 2007-06-26
KD^2
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Nite-nite.
---------- "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
2008-09-11 11:02:54
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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Really KD. You're commentary is better than any of the other financial websites. You should start charging for the ticker. But grandfather in all the current members.  <- (typical current member)
---------- 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. Last modified:
2008-09-11 11:16:10 by bozonian
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Steelhead23 Posts: 389 Incept: 2008-09-09 Portland OR Online
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The odd part of this is that Greenberg (CEO) and his Smith ex-CFO at AIG are likely heading to jail for similar shenanigans. One has to wonder just how many idiots ...er CEOs of financial institutions need to be frog-marched off to a bunk in the big-house before the fear of retribution exceeds their fear of failure? Sadly, it now appears to be too late to stop the death spiral the financial system is in. It is time for shorty to fleece all those happy-talk idiots who think the worst is over. Perhaps we should stop lamenting and start stuffing ourselves on the corpses. Folks may not like vultures, but they have been around a long, long time.
---------- short em all - let God sort em out!
2008-09-11 12:42:32
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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Quote:Perhaps we should stop lamenting and start stuffing ourselves on the corpses. Folks may not like vultures, but they have been around a long, long time. You mean you haven't been doing that for the last 2 years? I've been trying! ---------- 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.
2008-09-11 12:53:27
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Eternalblue Posts: 4230 Incept: 2007-08-09
sokali
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if the fdic continues to decide to do nothing, is there a point where wamu basically just runs out of cash at most of their branches and can't pay the light bills or something. ---------- my miniblog; http://economicpsychosis.blogspot.com/
2008-09-11 14:15:24
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