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| User Info | ROFL! FDIC "Tells Banks" To Quit Cooking The Books! in forum [Ticker] | |||
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Genesis Posts: 71346 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1287-R....
---------- "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
2009-08-03 19:53:38
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Clintb350 Posts: 237 Incept: 2008-01-19 Southern AZ
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Typo alert - "take their markets" -> take their mark to markets or take their marks...
2009-08-03 19:58:32
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Mm^^ Posts: 2330 Incept: 2008-10-01 
Gone, Baby, Gone
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Yeah, I knew sooner or later that the White House, after reading the TF, would have to take "some" action. Especially with the mainstream media taking notice now. And, especially, becasuse of your nice suit and tie:0-) Nice letter to Ms Blair, too. She may even respond. Wouldn't that be a hoot! How about showing us some stats about new forum members? maybe some .gov types? ---------- I always leave cookies.
2009-08-03 20:02:03
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Boshaugh Posts: 1886 Incept: 2008-08-08 
Northern Virginia/DC Metro Area Online
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i dont understand why they are doing this if its going to expose the FDIC for being broke
2009-08-03 20:06:11
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Risingcream Posts: 2539 Incept: 2007-09-07
Online
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Once I become unemployed I'm gonna take my unemployment check go get some gas and find a house to squat in.
---------- Civilization...ancient and wicked. --Subotai The trees in Siberia are miles apart, that is why the dogs are so fast. -- Bob Hope
2009-08-03 20:12:48
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Raingod Posts: 1067 Incept: 2008-08-29
Tastes Like Chicken
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Think I should send in a job application, Mm? <----- ---------- I have even intermittenter access than I did over the summer. No idea when I can check in. Last modified:
2009-08-03 20:13:48 by raingod
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Loanman Posts: 154 Incept: 2008-03-25 Chicago
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It will show that the FDIC needs to be bailed out and dadgum it we are going to bail them out. We have to sell another half a trillion in paper? Oh well We the congress of this great country cannot let grandma's CD go boom now could we ---------- Give me a "T" for turbo give me a "T" for Timothy Health care debate is but a smoke screen to cover up the biggest heist in U.S. history.Where's that feller Paulson been? Is he running this thing from the Cheney cave?
2009-08-03 20:15:24
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Seedyrum Posts: 267 Incept: 2009-04-09
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WHY A REQUEST ON A WEBSITE?? WHY A REQUEST AT ALL?? If the FDIC was following the law, these banks would be over and done with. cooked as in T.O.A.S.T. This is like will you please with sugar on top. FDIC is a willing complicit in the cooking by not doing its job already. I hope no one ever says, we are a nation of laws, even the failed notion of contract law. Seems TPTB only follow laws in their best interest to hell with the nation and even less for the nation's middle class citizens.
2009-08-03 20:16:20
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Econ101 Posts: 498 Incept: 2007-08-19
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Gen, I think 8.26 billion left not 826 million. Please correct it.
2009-08-03 20:38:34
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Karlmarxghost Posts: 2630 Incept: 2009-01-26
Stealing Your Property
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Haha funny. Hey, robber, quit robbing 7Eleven's. Were not going to do anything about it but we will let you know on the internet that it is against the law.
---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-08-03 20:39:20
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Genesis Posts: 71346 Incept: 2007-06-26
KD^2
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Fixed 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
2009-08-03 20:40:04
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Jackl Posts: 678 Incept: 2008-01-17
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Barn. Fire. Horses. Door. Etc.
2009-08-03 20:40:38
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Mdemi Posts: 247 Incept: 2009-01-13
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Is it possible that "they" are setting some of these up to be "fraud" rather than just ordinary losses that would typically be covered by FDIC insurance? Might explain the FBI involvement with Colonial .. Let the depositors at the mercy of the courts for recovery ?
2009-08-03 20:52:22
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Fred_flintstone Posts: 5121 Incept: 2008-04-15
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Ooh that's a devious thought, Mdemi.
2009-08-03 20:53:13
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Mdemi Posts: 247 Incept: 2009-01-13
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I put nothing past these guys .. absolutely nothing. Just when I think I have seen it all .. something comes out of left field. and, yes, I have gotten my ass handed to me trying to short financials .. so I have an axe to grind .. ;) Last modified:
2009-08-03 20:55:20 by mdemi
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Fred_flintstone Posts: 5121 Incept: 2008-04-15
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Yeah but what a great way to get out of paying. No FDIC for Madoff clients.
2009-08-03 20:55:14
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Murf Posts: 2805 Incept: 2007-08-28
the surf
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Wait a minute, wait a minute. Gen, you've written an excellent letter to Bair and made all the right points, but what if she means it? This isn't some private phone call from Bair to a bank president asking them to try to start marking these loans a little closer to reality. This is in Marketwatch quoting the ORDER FROM THE FDIC THAT THE BANKS HAVE TO NOW START ACCURATE MARKING - EVERY QUARTER!!! Crap, if this were real it would be HUGE. Now tell me I'm naive and to STFU and calm down. ---------- The recovery up is losing steam Last modified:
2009-08-03 21:06:22 by murf
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Seedyrum Posts: 267 Incept: 2009-04-09
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FDIC is under the mistaken belief that the banks follow the law even more importantly that the banks look on the FDIC website to see what the FDIC sez what the banks must do. MISTAKEN NOTION They are too busy cooking the books, shifting assets, and shredding the evidence too look on a website to see what FDIC has to say of late. Is the FDIC afraid to confront the banks they have notify from a distance with sugary words on a website?? a website?? a website??? where is the USA?? where is the country that had the unmediated gall to tell Japan what to do with its zombie banks?? What USA tell its zombie banks via smokesignals via website: please realize your loan losses.
2009-08-03 21:02:03
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Genesis Posts: 71346 Incept: 2007-06-26
KD^2
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I'm calling her out Murf; I believe she's full of **** and trying to run a PR game, and if so, she's not going to get away with 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
2009-08-03 21:03:57
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Murf Posts: 2805 Incept: 2007-08-28
the surf
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Rock on, TickerGod. This could at least give the FASB guys some extra clankers. - and make Ms. Bair "uncomfortable." ---------- The recovery up is losing steam Last modified:
2009-08-03 21:12:43 by murf
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Schwantz Posts: 5077 Incept: 2007-11-12
Monkey Do
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Quote:Is it possible that "they" are setting some of these up to be "fraud" rather than just ordinary losses that would typically be covered by FDIC insurance? Might explain the FBI involvement with Colonial .. Let the depositors at the mercy of the courts for recovery ? It'd also make for a good precedent to go after individuals in the larger AIG theft. ---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy!
2009-08-03 21:12:22
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Mdemi Posts: 247 Incept: 2009-01-13
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Schwantz is hitting the bottle early ... lol .. This will be non-fed banks only ;)
2009-08-03 21:14:15
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Peterm99 Posts: 195 Incept: 2009-03-21 SoCal
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re: Mdemi's post & fraud vs. ordinary losses Is there a specific provision in the terms of the FDIC insurance that precludes FDIC backstopping customer moneys even if the institutions commit fraud? It seems to me that the FDIC commitment is to the depositors, and is not an insurance for the financial institutions. In general, an insurer can get out of paying off on an insurance policy if the beneficiary of the policy engaged in fraud; in this case, the depositors generally did not. disclosure: I am not a lawyer; I am looking at it from a common sense point of view. And yes, I understand that any relationship between the law and common sense is often purely coincidental. Last modified:
2009-08-03 21:55:21 by peterm99
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Schwantz Posts: 5077 Incept: 2007-11-12
Monkey Do
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Correct. THIS one will. And YES I am!
---------- Dives sum, si non reddo eis quibus debeo Smash the Keynesian idiocracy!
2009-08-03 21:15:51
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Antone Posts: 3820 Incept: 2008-02-03
This ain't your grandpa's depression.
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Quote:This could at least give the FASB guys some extra clankers That's that I was thinking and hoping, Murf. We'll see. ---------- Wir sind gefickt. I do not provide investing advice.
2009-08-03 21:17:27
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