RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |
| User Info | The Day The PPIP Died.... in forum [Ticker] | |||
|
Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
|
http://market-ticker.org/archives/1196-T....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-09 08:12:39
| |||
|
Solnow Posts: 732 Incept: 2009-03-02 My Market Model
|
Can't wait to see Cramer's pitch on this one
---------- HOPE is for sissies. Don't like the law, VETO it. You have the choice. The Fully Informed Jury Association http://fija.org/ 2009-07-09 08:21:16
| |||
|
Mo Posts: 5043 Incept: 2007-06-26 
Florida Online
|
Wasn't this the 'plan' to which Geithner said he had no backup plan when he testified in front of Congress awhile back?
2009-07-09 08:24:18
| |||
|
Xanares Posts: 993 Incept: 2008-11-10
London
|
ppipsqueak, little Timmy's bird, died today causing people everywhere to flip him their bird in response.
2009-07-09 08:25:20
| |||
|
Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
|
Yep.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-09 08:28:32
| |||
|
Stx_jay Posts: 834 Incept: 2008-04-06 
St Croix, USVI
|
TTT on the PPIP when this idiocy was first unveiled:Quote:Rep Gresham Barrett: "The last question I have guys, which is the $64 million question or I guess I should say $64 trillion question is: What’s the backup plan? If everything fails what do we do? Where do we go from here?" It's disastrous when these guys inadvertently let the truth out. ---------- Let's sing along to the old AC/DC song, shall we? Cos I'm / TNX / I'm Dynamite / TNX / And I'll win the fight / TNX / I'm a power-load / TNX / Watch me explode 2009-07-09 08:32:08
| |||
|
Throxxofvron Posts: 2244 Incept: 2009-02-17
The Land of Bilk & Money
|
Yep, There is NO way the Banks are gonna let the Garbage get Priced as that will seal Their Fates. What has been weighted and dumped into the water is staying there until Someone comes to drain the water... ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell 2009-07-09 08:34:23
| |||
|
Ldog Posts: 120 Incept: 2009-06-11
|
FWIW, the losses on CMBS are going to be staggering. The valuations underwritten were completely insane. Cash money buyers will look to buy back their properties at 30 cents on the dollar. What a scam.
2009-07-09 08:34:40
| |||
|
Spurlockrj Posts: 9 Incept: 2009-03-08
|
Karl, Isn't it still likely that the PPIP may be abused? For instance, I believe a large portion of Blackrock is owned by Merrill Lynch which is owned by Bank of America which has a ton of toxic garbage via their Country Wide purchase. Might there still be an incentive for Blackrock to over pay (with the support of massive public funding and risk acceptance) for BA toxic assets and in the end move the ownership of these assets off BA's books (at above market prices) and leave the public with the losses?
2009-07-09 08:35:25
| |||
|
Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
|
Spur, they can try it, but Bair over at the FDIC threw cold water all over that a couple of months ago. The day she did that the PPIP died - their entire intent was to scam in exactly this form, and once that disappeared, so did the attraction of this program. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-09 08:36:30
| |||
|
Dji Posts: 553 Incept: 2009-04-21
orange park Online
|
PPIP **** Poor Insane Plan ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji 2009-07-09 08:41:17
| |||
|
Stx_jay Posts: 834 Incept: 2008-04-06
St Croix, USVI
|
My guess is that IYR will no likey the fact that the taxpayers will only eat a lousy $40 billion of trash, CMBS paper. The REITs need to roll hundreds of billions each year to keep the shiny, colorful balls in the air. Get with the program T^3 and Ben... our nation's regional malls, class B office space, luxury lofts and public storage facilities are depending upon you! ---------- Let's sing along to the old AC/DC song, shall we? Cos I'm / TNX / I'm Dynamite / TNX / And I'll win the fight / TNX / I'm a power-load / TNX / Watch me explode 2009-07-09 08:42:05
| |||
|
Micronin127 Posts: 493 Incept: 2008-01-21
Swampscott, MA
|
The government undercut itself by announcing this plan and then a few weeks later suspending mark-to-market accounting. They should have done one or the other, but not both. I had read that General Electric had been the single largest participant in the PPIP to date. Any idea how much crap they unloaded and how much of a write down they were forced to take? 2009-07-09 08:42:49
| |||
|
2banana Posts: 84 Incept: 2008-02-25
|
Quote:We're talking about a program that was announced as a $1 trillion dollar initiative, financed mostly by the government. The announcement was responsible for a monstrous stock market rocket-shot, if you remember, on the day it was first "announced." So does the opposite hold true? Time to get out the phone book for shorting? 2009-07-09 08:55:40
| |||
|
Throxxofvron Posts: 2244 Incept: 2009-02-17
The Land of Bilk & Money
|
Mo: That is correct. There is no Plan B. ---------- DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell 2009-07-09 09:03:42
| |||
|
Icanhasbailout Posts: 1354 Incept: 2009-03-10
Down the rabbit hole
|
Plan B is the same as Plan A: keep stealing as long as possible
---------- or it could rocket higher! 2009-07-09 09:04:41
| |||
|
Bozonian Posts: 13051 Incept: 2007-09-01
PFT - Pure F'n Tin Online
|
I remember Geithner testifying with a sneer "It will work Senator". I forgot who the senator was but he should be sent this ticker. ---------- If deficits don't matter, then the Federal Government can borrow the money it needs and stop taxing the citizens. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. 2009-07-09 09:05:01
| |||
|
Sribb Posts: 936 Incept: 2009-06-10
Tampa, FL
|
We'll soon see that the emperor has no clothes! It seems like they are in the cash cage and trying to grab as much as they can before the bell rings and the wind stop blowing the money...... ---------- Lao-tzu: "Using No Way As Way; Having No Limitation As Limitation" Bruce Lee: "Be Water, My Friend" Last modified:
2009-07-09 09:11:06 by sribb
| |||
|
Assassin Posts: 48 Incept: 2009-05-21 Illinois
|
A sneer? I thought he always has a puzzled look. 2009-07-09 09:12:14
| |||
|
Seriousslacker Posts: 63 Incept: 2008-09-30
|
Spelling police Quote:contast Brilliant analysis as usual, KD is way ahead of the curve, again! 2009-07-09 09:39:06
| |||
|
Jata1 Posts: 2021 Incept: 2009-03-08
asia
|
PPIP turned out to be like a wake-up woody. Quickly disappears with no results
---------- 2009-07-09 09:45:35
| |||
|
Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
|
"Instant stupid - just open mouth."
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-09 09:47:29
| |||
|
Anti Posts: 1200 Incept: 2007-10-09
Online
|
I recall that PPIP has been dieing - but forgot what it was Bair did - can anyone help with a link or summary? thanks,
---------- Goldman Sachs Delenda Est! 2009-07-09 09:58:15
| |||
|
Otiswild Posts: 914 Incept: 2009-03-09
Teegeeack
|
Quote:Wasn't this the 'plan' to which Geithner said he had no backup plan when he testified in front of Congress awhile back? ---------- "The human race will begin solving its problems on the day that it ceases taking itself so seriously." - Principia Discordia 2009-07-09 09:58:36
| |||
|
Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
|
Bair said that she was not going to permit the banks to game it by buying their own ****, directly or otherwise. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-07-09 09:58:45
| |||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |