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| User Info | Sheila Bair: All Bark, No Bite in forum [Ticker] | |||
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Genesis Posts: 71366 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1571-S....
---------- "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
2009-11-02 14:13:54
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Mortgageguymn Posts: 181 Incept: 2009-03-09 
North Coast
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1) Your dictionary definition of lapdog was hilarious. 2) KD as head of the FDIC would be fantastic. ---------- "Neither a borrower nor a lender be." - Harold Hecuba
2009-11-02 14:29:02
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Raingod Posts: 1067 Incept: 2008-08-29
Tastes Like Chicken
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So, wha'dya do to Mory Ejerbat? 
---------- I have even intermittenter access than I did over the summer. No idea when I can check in.
2009-11-02 14:50:26
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Genesis Posts: 71366 Incept: 2007-06-26
KD^2
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Shoved about $600,000 worth of routers that didn't meet the spec he sold them under up his ass.
---------- "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
2009-11-02 14:52:13
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Raingod Posts: 1067 Incept: 2008-08-29
Tastes Like Chicken
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Wow. And 1990's technology. That must've hurt!
---------- I have even intermittenter access than I did over the summer. No idea when I can check in.
2009-11-02 14:58:21
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Genesis Posts: 71366 Incept: 2007-06-26
KD^2
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Well it was either going up his ass or up mine, and it sure as hell wasn't going up mine.
---------- "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
2009-11-02 14:59:30
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Jander Posts: 26 Incept: 2009-06-15
Atlanta
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Not to dodge the larger issue, but is it actually possible for a bank to function without FDIC insurance? I had the impression that was illegal for some reason I would love to find a nice bank that values transparency and your type of lending standards but isnt in cahoots w/ FDIC and/or the Fed..
2009-11-02 15:08:53
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Ducksman Posts: 9 Incept: 2009-03-18 SoCal
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Hello, I know this is a little off topic. If you had to pick a national bank to use which would you pick. I know not ideal, but my current situation warrants the need for national exposure. I'm currently leaning towards using Chase (even with the large derivative exposure). Are there any other banks I should be considering? Citi - Whole world of mess WF - More RE issues than the rest of the big banks. BOA - Currently my second choice. Lots of RE exposure, super scummy. US Bank - doesn't quite have the location on east coast i need. Thanks ---------- "You're damned if you do, and you're damned if you don't." - Bart Simpson
2009-11-02 15:39:53
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Asimov Posts: 26643 Incept: 2007-08-26 
east tennessee
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Jander: Yes, it's perfectly legal as long as you don't represent yourself as being backed by the FDIC. Not many people will bank at them because of that, and that's why you don't see them. [Edit: hm... I could be wrong there, but I think it's right.] ---------- 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. Last modified:
2009-11-02 15:47:22 by asimov
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Kuhio Posts: 206 Incept: 2008-12-31
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The entire state apparatus, and that includes the federal government down to the smallest, lowliest special assessment district, was & continues to be utterly wed to the ponzi economic model. Government is the banking industry, and the banking industry is government. Banks and the various regulatory agencies, including the FDIC, are nothing more than vapor which barely obscures the true acting force behind these activities: us. It is US dear readers who are completely dependent on escalating asset values to inflate money & credit so that we have enough funds in which to purchase goods & serves. You see, we neither build, grow nor mine anything coming within a scintilla of sufficient output to actually afford these "things" from current income. To ascribe daily gov't actions & interventions to deep forces, corruption, etc, etc is missing the point: nobody actually gets dirty. 70% of the jobs entailed taking a shower in the morning and sitting in an air-conditioned office processing mortgages, or doing the same thing and standing around in an air-conditioned mall. The banksters know this; as such, they are just like cigarette mfgs or bar owners who are simply providing legal goods/services to a populace which cannot break its addiction. The addiction only ends with either the victim in the gutter or dead. We haven't yet come close to hitting bottom before we crawl back up. Last modified:
2009-11-02 15:49:19 by kuhio
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Schnocky Posts: 2 Incept: 2009-08-28
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I am surprised that anyone expects Bair to do anything to help investors. She is doing what is expected of her: continuing to let the banks siphon off billions while talking to them in a stern voice. What a great charade. When she speaks, I see the same weasel that I see when Turbo Tax Timmy speaks.
2009-11-02 16:56:53
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Deejunk Posts: 578 Incept: 2008-10-11 Now DC - Solar Power.
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KD - You might have what it takes but I'm not sure I'd like to hit the wall at three thousand miles an hour considering that you'd need a month bank holiday at least.
---------- http://www.myvideo.de/watch/2451556/The_.... - I'm seriously ready for inflation, deflation & TOTAL collapse of the US & Global economic & market systems.. I'm the sexy blonde not in this vid but my x is the lead chichen-> http://www.youtube.com/watch?v=vdFIXsrjk.... Last modified:
2009-11-03 01:15:15 by deejunk
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Mortgageguymn Posts: 181 Incept: 2009-03-09
North Coast
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Ducksman, Why US Bank is less hosed than others: http://www.minnesotabusiness.com/0p349a2.... (summer '09) in case that helps your decision. ---------- "Neither a borrower nor a lender be." - Harold Hecuba
2009-11-02 18:22:28
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Deejunk Posts: 578 Incept: 2008-10-11 Now DC - Solar Power.
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Kuhio wrote..It is US dear readers who are completely dependent on escalating asset values to inflate money & credit so that we have enough funds in which to purchase goods & serves. You see, we neither build, grow nor mine anything coming within a scintilla of sufficient output to actually afford these "things" from current income. Dead wrong - I'm not US then. And getting dirty? Right here on the farm, we shovel gamebird crap all the time... ---------- http://www.myvideo.de/watch/2451556/The_.... - I'm seriously ready for inflation, deflation & TOTAL collapse of the US & Global economic & market systems.. I'm the sexy blonde not in this vid but my x is the lead chichen-> http://www.youtube.com/watch?v=vdFIXsrjk.... Last modified:
2009-11-03 01:16:06 by deejunk
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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"a small dog that may be held in the lap a servile dependent or follower Sheila Bair" Well Genesis, when I need a chuckle, you do deliver. Sheila ****es me off. She has a chance to be a significant part of history and she apparently doesn't want to be. This is the time for folks to step up and she isn't doing it. I don't know what "they" have on her, but it must be enough that she is scared. So let me be blunt. Come on Sheila, you blank. Tell us the 500 to 1000 institutions that are insolvent, wipe out the shareholders, and let's get it over with. If you wait, it's the 1930's again. And when you get cast out and discarded, which will happen, no one is going to buy some book you write. ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-11-03 00:30:35
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Gamma Posts: 1759 Incept: 2008-01-20
Northern CA Online
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Between the two of them, Brooksley and Sheila could, if allowed, squeeze several trillion in banksticles.
---------- It's better to donate a Ford to the Kidney Foundation than a Kidney to the Ford Foundation.
2009-11-03 01:02:25
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5755hsa Posts: 53 Incept: 2008-09-07
North of 40
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Two Points: 1) The FDIC is broke and everyone knows it 2) Sheila Bair is a ****ing liar and hippocrat ...end of lesson... ---------- Ignorance can be fixed....stupidity is forever ----self---
2009-11-03 01:10:24
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Maple Posts: 4460 Incept: 2007-09-03
Southern California
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Typo alert: Mory Ejabat.
2009-11-03 01:35:09
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Durden_tyler Posts: 39 Incept: 2009-08-11
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Okay kids, lets put our boy KD in Sheila Bair's seat !!! It will be EVEN more entertaining than American Idol 
2009-11-03 05:04:47
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Steve Posts: 104 Incept: 2008-12-20
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Great, Karl. Now do one on Elizabeth Warren. Another spineless loser specializing in all talk and no action. The way people talk about her, she's the hero of the piece. She should either do something meaningful or resign. Neil Barofsky, also. These people, along with Bair, are uniquely positioned to raise all kind of hell. They've done nothing.
2009-11-03 06:38:12
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Mtdm Posts: 106 Incept: 2009-07-23
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I'm just waiting to hear more about the only piece of "news" here: which spec. the routers failed to meet... if memory serves, I always hated the UI on the Pipeline Max, and ... oh, yeah, they had problems delivering on V.56 IIRC... was it that?
2009-11-03 08:52:43
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Sangell Posts: 61 Incept: 2009-08-16
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Allow me to stand up for Sheila. Given the political forces in Washington and the total lack of support from Geithner, Bernanke etc. she's doing OK with the cards she's been dealt. To expect her to go and shut down any of the 'gang of 19' that Geithner has exempted from regulatory action assumes she has the political power to overide Treasury and the FED. She doesn't. She may have the 'legal authority' to do so but as Mr. Denniger has pointed out on many occasions we are no longer a nation of laws but a people ruled by those with political clout. She is fighting to preserve her agency against those who would like nothing better than to abolish it and hand all regulatory authority to an impenetrable and unaccountable Federal Reserve. She has some allies in Congress which is probably the only reason Obama's apparatchiks have not forced her out but her power is limited. What would be interesting is IF she could get some court to issue a writ of mandamus ordering her to close a big bank. Anyone want to file suit?
2009-11-03 09:13:19
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Genesis Posts: 71366 Incept: 2007-06-26
KD^2
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Mtdm, the Ascend line was advertised as being OSPF compliant and the purchase order specified full OSPF compliance as MANDATORY. It was not - it would insert both an aggregate and single-host route into their tables and try to propagate that and would quickly lose it's mind and blow up, necessitating a power-on reset. Despite multiple software revisions they never (during the time we had them) were able to fix it. OSPF compliance was NECESSARY for them to be a part of our internal architecture - we had a very unique internal architectural structure (that was, indeed, one of the reasons I was able to provision service within our cost structure, and thus was able to beat the competition on our financial metrics) and without full OSPF capability the product was effectively worthless to us. We ultimately forced them to eat the entire order and replaced them with Livingston Portmasters, which had a fully-functional OSPF implementation. ---------- "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
2009-11-03 09:34:24
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Phirang Posts: 8823 Incept: 2008-10-25
bar khoba's revenge
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... AND the same goes for that Warren woman. Very clever how they use women to sell the masses "reform"... lmfao. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-11-03 09:35:27
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Mtdm Posts: 106 Incept: 2009-07-23
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@Gen: nice... it used to astonish me in some organizations just how much stuff sits in racks doing nothing because nobody wants the repercussions of admitting an incompatibility or other fatal flaw. @Sangell: I have two problems with what you are saying. First, where's the evidence? A couple of folks have come on here and preached this line. Maybe you're right, maybe you're insiders, maybe you know this to be true. But without something to back it up, it sounds to me like so much speculation and hearsay. Secondly, and more to the point, so what? She would be better off doing the right thing (and collecting documentation), getting kicked to the curb (and, again, documenting this), and then taking her story to both the courts and the media.
2009-11-03 11:19:41
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