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| User Info | Paulson, Bernanke, Gettlefinger: Here It Comes! in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/686-Pa....
---------- "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
2008-12-12 00:02:54
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Fatso Posts: 1764 Incept: 2008-02-03 
Roll on up, gonna roll back down
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Paulson's gonna fold and proffer up the 15 bil.
---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan
2008-12-12 00:09:22
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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i don't think he will. he knows they won't get a penny back without major changes. maybe he is dumber than i give him credit for?
---------- It'll get worse. Just wait.
2008-12-12 00:10:33
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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TARP as DIP is possible though...
---------- It'll get worse. Just wait.
2008-12-12 00:11:11
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Countlupotommaso Posts: 1075 Incept: 2007-10-22 
New Jersey
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Nice ticker Thanks Gen
---------- PINK FLOYD-SHEEP-.Meek and obedient you follow the leader Down well trodden corridors into the valley of steel.What a surprize!A look of terminal shock in your eyes. Now things are really what they seem.No this is not a bad dream
2008-12-12 00:11:23
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Moroni Posts: 1885 Incept: 2008-12-03 New York, NY
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I can only imagine the smug looks on the CNBS anchor's faces tomorrow.
---------- "Those institutions and individuals who insist upon clinging to the dying past will wither with it. Those who understand the death process will not mourn the passing of the old, but instead celebrate the birth of the new paradigm." - Gerald Celente, Trends Journal Q12010, Page 20
2008-12-12 00:14:01
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Maple Posts: 4461 Incept: 2007-09-03
Southern California Online
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Typo alert: Seppuka - Seppuku. The Bushido Code is for samurai, which these guys certainly ain't. That Suburban is a good vehicle for its purpose, and may be a collectible some day.
2008-12-12 00:16:03
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Murf Posts: 2814 Incept: 2007-08-28
the surf
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Yep, Paulson is paying for the sins of the TARP and the UAW is paying for decades of arrogance. Sad justice. ---------- The recovery up is losing steam
2008-12-12 00:21:28
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Asimov Posts: 26716 Incept: 2007-08-26
east tennessee
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TARP is done and over with. It's spent. Anything you think they have was gone before the vote today, you can bet on it. Bush/hank have 3 weeks left, congress is out till after that and they all have the UAW to blame it on. No way in hell is any TARP money going to help blue collar workers. ---------- 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.
2008-12-12 00:23:59
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Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
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Seppuka, suppuku, it's a Japanese word that probably doesn't even sound like that. So it may be Seppuku for Paulson, but it's Hari Kari for Neel Kashkari. Nah. Just joking. I don't consider him to be a prime mover in this disaster. I'm shocked that Congress stood its ground. Really. After folding for the financials, they stood firm on this. Why? 1) Did they feel hornswaggled by their approval of the TARP, vowing never again to throw money away? Are they ****ed off about any cap in hand beggars coming to them any more? 2) Were they afraid to set a precedent. Today the auto companies, tomorrow California, Phoenix, Microsoft or Playboy? 3) Did they feel the financial infrastructure was far more important than the auto industry and so were willing to rescue it, but not GM? 3) Are they so greenified they think that GMs problems are a result of not having fuel efficient vehicles? Come on people. They made what people wanted for years, until the price of oil soared rather suddenly. 4) Or is there another reason we just wouldn't understand unless we saw and heard what they did, behind closed doors? ---------- 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:
2008-12-12 00:29:31 by bozonian
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Braindamage Posts: 76 Incept: 2008-11-08
ft bragg, nc
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LMAO!!!! love the sepukku reference
2008-12-12 00:27:03
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Mesa_erkba Posts: 3 Incept: 2008-09-27 Oak Grove, Missouri
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WOW.
2008-12-12 00:31:33
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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bozonian: There is no mercy in letting a dying man squirm longer in pain, and that is why several voted against. I believe enough senators voted "NO" because a lifeline was the wrong thing to do LONG TERM. GM is going to file. They will come out the leanest car company on the planet if they can do it quickly. ---------- It'll get worse. Just wait.
2008-12-12 00:33:58
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Rubicon Posts: 1855 Incept: 2008-02-24
Indianapolis
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Great Ticker Gen but don't burn your Burban you'll have a hard time replacing that boat puller.
---------- Our government is the potent, the omnipresent teacher. For good or ill, it teaches the whole people by its example. Louis D. Brandeis Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin slitting throats. H.L. Mencken
2008-12-12 00:49:44
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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not trying to go hyperactive on the posts this evening, but there is a possibility gettle****er knows something we don't. he might have a reading from the executive that if there is no deal, they will advance funding on a limited basis to make it to the next congress. wouldn't surprise me. as a representative of labor making around $70 an hour, he is insane or sly to risk a BK filing. GM is reported to have already contacted a BK law firm. its on bloomberg. side note: an interesting parlor game with my broker--which dow component will need gov't assistance next? hint: so far we've had AIG, C, and GM in up to their eyeballs, AXP JPM and BAC sucking at the teet, and I don't know what the heck that CP deal with GE amounts to, but its not immaterial to their health. I think BAC needs a round two really soon. suntrust already bellied up to the bar again... ---------- It'll get worse. Just wait.
2008-12-12 00:58:04
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Cocoacash Posts: 40 Incept: 2008-09-27 Boston
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Here's what I don't understand. Why is there any more OR less of a threat to the parts makers if say ONE of them (Big 3) goes down? If the monthly demand were to be 11-14 mill combined, would not the remaining two have the capacity to ramp up production to meet this demand collectively? Parts makers would just redistribute to the remaining two. The aggregate demand will be the aggregate demand - i.e. "it is what is is". Of course some consumers would be faced with the need to choose a 'substitute' product were their manufacturer of first choice to be the one that went down. But I just fail to see the validity of the "domino effect" threat. The demand is the demand be it 11, 12, 14 or even 8 going forward. Somebody help me understand ~ PS - I am leaving my girlfriend for this ticker in the morning. It's bigger than the both of us and we both know it. Boy is she going to be p_ssed. Last modified:
2008-12-12 01:01:04 by cocoacash
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Mildot Posts: 277 Incept: 2008-06-26
Central Illinois
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Thanks for the ticker Gen. Along the lines of things we don't yet know, I'm wondering what kind of discussions Gettlefinger has had with our President-elect's staff. Oh and not to be picky, but it's Dante's 8th circle of Hell that had the thieves, liars, counterfeiters, etc.  (7th was violent types, suicides, etc.)Edit: 9th circle had traitors. Just saying... ---------- If the representatives of the people betray their constituents, there is then no resource left but in the exertion of that original right of self-defense which is paramount to all positive forms of government... - Federalist Papers, No. 28 Last modified:
2008-12-12 01:14:08 by mildot
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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cocoacash: accounts receivable between merchants are last to get paid in BK except for common shareholders. so if you sold GM 150MM in the last 45 days, you aren't going to get that amont back. add in the sales to ford, chrysler, and maybe even some other auto suppliers that could fold, and you quickly realize you aren't going to get paid for your sales. ---------- It'll get worse. Just wait.
2008-12-12 01:31:19
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Shaunt79 Posts: 799 Incept: 2007-06-26
Chandler, AZ
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@ Boz, the main leaders of the republican revolt (Shelby and DeMint) are the largest home of the foreign auto manufacturers here in the USA. I'm sure they are doing this out of principle.
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2008-12-12 01:47:55 by shaunt79
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Sanitystream Posts: 501 Incept: 2007-08-11
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Bah.. Paulson will cave and fork over the measly $15 billion. I really don't see how this doesn't happen. Give $15 billion and keep things floating. Deny $15 billion and send us into the next Depression just in time for Christmas. Is there really a doubt?
2008-12-12 01:42:08
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Shaunt79 Posts: 799 Incept: 2007-06-26
Chandler, AZ
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@ Sanity, Isn't this what they said about Lehman? BTW, if we are going to do a trunk burning, let us know. I will be there. Last modified:
2008-12-12 01:48:34 by shaunt79
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Rocketshoe Posts: 439 Incept: 2007-09-07
Los Angeles
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2008-12-12 01:50:39
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Sanitystream Posts: 501 Incept: 2007-08-11
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Letting Lehman fail burned Paulson badly, he's taken a lot of flack for that move ever since. Aside from that one lapse, when have Bernanke or Paulson *not* stepped in just before we plunged into the abyss? We're talking a measly $15 billion - it's not even a drop in their TARP bucket. This one should be easy for them.
2008-12-12 01:51:48
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Eleua Posts: 9907 Incept: 2007-07-05
N 47.72/ W 122.55
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How messed up are things when the Congress is begging the Administration for money? Hasn't anyone in DC ever taken high school civics? ---------- http://clearcutbainbridge.blogspot.com/
2008-12-12 01:52:52
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Shaunt79 Posts: 799 Incept: 2007-06-26
Chandler, AZ
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Sanity, I think they get TARP money, but they did let WAMU fail, CDSes and all. Maybe they let Ford or TM (JPM equivalent) do a take-under
2008-12-12 02:05:41
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