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| User Info | Stop OTC CDS Abuse NOW in forum [Ticker] | |||
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Genesis Posts: 71359 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/849-St....
---------- "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
2009-03-04 10:51:50
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Coolhandluke Posts: 5634 Incept: 2007-12-19 
Out of the box
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Our entire financial system is one big circle jerk isn't it? Everyone pushing off a risk that should have never been there and thus creating more risk in the process. One big death spiral waiting to go splat IMO!
---------- It's not that I'm lazy, I just don't give a **** anymore. Last modified:
2009-03-19 00:15:23 by coolhandluke
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Phirang Posts: 8822 Incept: 2008-10-25
bar khoba's revenge
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Great depression was manufactured in a similar way: banksters pulled liquidity when needed the most and raised rates. Same thing here: banksters are naked shorting bonds and tanking the market, all the while Obongo pours tax money into their pockets. GE is not a $5 stock AT ALL on a fundamental level: this is just pure manipulation. ---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-03-04 11:00:14
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Eleua Posts: 9906 Incept: 2007-07-05
N 47.72/ W 122.55
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 The charts on many of these stocks are very scary. ---------- http://clearcutbainbridge.blogspot.com/
2009-03-04 11:02:00
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Seriousslacker Posts: 68 Incept: 2008-09-30 
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Do you think any congressperson actually understands this? I don't! I think the smartest people in the room do, and they are certainly not going to tell anyone, or contribute campaign donations to anyone that would turn off their cash producing machine. And if congress is asking the smartest people in the room for advice, then we are never going to get a solution, or it will be a solution that will have loopholes just so they can keep drawing from the public piggy bank.
2009-03-04 11:02:02
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Statusquojoe Posts: 2397 Incept: 2008-11-20
Land of the fees Home of the slaves.
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J6P here, you mean to tell me that the whole thing is designed to suck out the wealth of middle class Americans who have placed trust in the stock market? At least it seems that way when CEOs are rewarded in millions to run their companies in the ground even having been known to short their own stock (I think I remember a story on that). It seems like a general plan to consolidate wealth to me from some nefarious group, like a tax  .
---------- "In short, you are the definition of moral hazard." Senator Bunning to Bernanke
2009-03-04 11:20:54
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1lumpsum Posts: 1731 Incept: 2008-02-01
Nashville
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You'll need to trick Obama into doing what is right. He needs to hear "If you don't keep open the OTS CDS market, huge publicly traded companies will go backrupt" or you could say "If you stop the OTC CDS market now, huge publicly traded companies will go bankrupt!" Then you'll get your executive order. Either TPTB are stupid or they are crashing the system on purpose.
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2009-03-04 11:29:36 by 1lumpsum
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Genesis Posts: 71359 Incept: 2007-06-26
KD^2
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Obama doesn't want shotguns to come out, and that's where we're headed if this **** doesn't stop. ---------- "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
2009-03-04 11:29:31
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1lumpsum Posts: 1731 Incept: 2008-02-01
Nashville
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I think he plans to take the shotguns little by little first, can't take them all at once, people would freak out and fight back. Gun confiscation will come like boiling a live frog. Not to mention 52% of the people voted for him and no matter what many of those will back him no matter what. 3 years from now it will still be Bushs' fault.
2009-03-04 11:36:09
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Robertmc Posts: 46 Incept: 2008-09-24 Tallahassee, FL
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But Karl, if he stops them, how will the Masters of the Universe be able to buy up companies for pennies on the dollar and complete their swindle?
---------- Sweet Poison http://www.youtube.com/watch?v=dBnniua6-....
2009-03-04 11:40:10
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Allanon Posts: 299 Incept: 2008-02-04
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Karl, I'm not sure you care but you might want to be aware that "The_venerable" is posting on another forum about positions he assumes you hold. (long GE, specifically) http://wallstreetbear.com/board/view.php....
2009-03-04 11:40:12
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Perfectstorm Posts: 188 Incept: 2008-02-25
florida
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They trade against their investment products..They destroy wealth.. and then they stick the taxpayer for the bad bets....That is ****ING OUTRAGEOUS...as far as the housing plan we 'the taxpayer' should all qualify for the damn "affadavit of financial hardship" required. ****E!!!!!!
2009-03-04 11:42:06
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Genesis Posts: 71359 Incept: 2007-06-26
KD^2
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Sigh... I can see I need to register over there and go adminster a good skull****ing. ---------- "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
2009-03-04 11:44:35
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Anti Posts: 1286 Incept: 2007-10-09
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when the CDS writer goes to the options market to buy his puts he then is within the exchange system and has margin supervision, so I think that is where the cycle breaks down, hence that cannot be what is happening
---------- Health is better than health insurance http://gerson.org/ Over the past 60 years, thousands of people have used the Gerson Therapy to recover from so-called “incurable” diseases such as cancer, diabetes, heart disease and arthritis.
2009-03-04 11:47:29
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Taint Posts: 165 Incept: 2008-12-24 texas
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Karl, Well said! Why do you think the gov relunctant to make this move? Also, you referenced a link to a blog that laid out a number of graphs and US economic analysis...you would repost the link as favor? I have searched prior threads and cannot find it. Found that info very interesting. Thanks in advance.
2009-03-04 11:49:14
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Genesis Posts: 71359 Incept: 2007-06-26
KD^2
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Taint, it was a link to Calculated Risk and is one of the last few postings. Just scroll back a couple of pages. ---------- "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
2009-03-04 11:50:33
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Mdrive Posts: 632 Incept: 2007-11-26
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karl....very simplistic question... how does hammering the stock price 'destroy the company'?
2009-03-04 11:53:19
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Eleua Posts: 9906 Incept: 2007-07-05
N 47.72/ W 122.55
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I think it lowers their creditworthiness in the eyes of lenders and cuts off their access to capital.
---------- http://clearcutbainbridge.blogspot.com/
2009-03-04 11:55:00
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Genesis Posts: 71359 Incept: 2007-06-26
KD^2
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Mdrive: El nailed it. Unfortunately both ratings agencies and CDS models include common equity as part of the input. Therefore, if GE goes to $2 their credit access will get severely impacted. ---------- "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
2009-03-04 11:58:37
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Dan721 Posts: 2185 Incept: 2007-08-23
Phoenix, AZ Online
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But, Karl, what does this have to do with Scuba Diving? Why do you think you know so much about how these capital markets work when you spend so much time um...let me check your website....setting..up..internet service providers? Move along and leave such matters to the experts. Your rebreather awaits you 
2009-03-04 11:59:32
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Genesis Posts: 71359 Incept: 2007-06-26
KD^2
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I want Timmy to use my rebreather. Oh, you mean I forgot to fill the scrubber? Aw damn. ---------- "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
2009-03-04 12:00:14
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Mdrive Posts: 632 Incept: 2007-11-26
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that was my original thought as well, but my belief is that it would only matter to small cap types of companies, not the GEs of the world <edit> karl, why wouldn't GE be able to access talf? shouldn't GE justifiably be paying a higher cost for lending considering their exposure to CRE for example? Last modified:
2009-03-04 12:04:19 by mdrive
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Dan721 Posts: 2185 Incept: 2007-08-23
Phoenix, AZ Online
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MDrive, IIRC, it was AIG's plummeting stock price that caused the credit agencies to downgrade (or threaten to) which cause the stock price to plummet, which caused the fed to step in before AIG went the way of LEH. Is this a similar scenario?
2009-03-04 12:02:14
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Highrev Posts: 3124 Incept: 2009-02-21
ES Online
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Phirang wrote..GE is not a $5 stock AT ALL on a fundamental level: this is just pure manipulation. Agreed. With a current 3.63 PE and a 19.20% yield, GE is the long-term investors wet dream. The only catch is if/when earnings go negative, the dividend is cut/eliminated, etc. etc.  If the report that GE's leverage is 140:1, ah, well, I just got the stomach cramps.http://optionarmageddon.ml-implode.com/2.... (link originally posted by Fyoupaulson yesterday in Here It Comes (GE)) ---------- You may fool all the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all the time. - Abraham Lincoln Last modified:
2009-03-04 12:07:52 by highrev
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Zanni-baby Posts: 922 Incept: 2007-11-09
the Valley
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Today GE, Tommorrow Boeing. ---------- As for all the Banksters-It's all said in one word: GOUT!
2009-03-04 12:07:40
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