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| User Info | The Mother Of All Frauds in forum [Ticker] | |||
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.denninger.net/archi....
---------- 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 2008-09-21 00:47:05
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Lionzzzz Posts: 962 Incept: 2007-06-27 
Columbus OH
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You think only financial stocks? I maintain all stocks. How can anyone trust anything about this manipualted market? Seriously. Have they not demonstrated they will stop at nothing?
2008-09-21 00:54:48
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Brett Posts: 2152 Incept: 2008-01-23 
Pittsburgh
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(ambien still not kicking in) ;) So from: "My advice: Don't be caught with any stock or debt instruments linked to a financial firm in your portfolio past 9:30 AM Monday morning." What I'm gathering is that SKF should be a 'decent' play as it is the only way to 'short' the banks till at least Oct 2nd but of course you'd have to be a current holder as they ain't selling no more. More importantly, I'm wondering if /es futes tomorrow evening above 1240 wouldn't be a steal, question is how high would you set yoru stop? Does /tf become a better risk to reward vehicle given the disregard for gravity that it has shown? Is hyperinflation a certainty now and SLV is now a good play as it is lagging DGP / GLD? Target for TLT? I'd LIKE to see low 80s and think it's possible by the end of the year. Thoughts? ohhhh think maybe the ambien sleep window is opening. Gotta go. :) ---------- "Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin to slit throats." -H. L. Mencken 2008-09-21 00:57:48
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Musashi Posts: 2475 Incept: 2007-11-06
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FYI This is how Russ Winter looks at it. http://wallstreetexaminer.com/blogs/wint.... 2008-09-21 00:57:50
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Etz3l Posts: 8658 Incept: 2007-06-26
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Chavez is proud of this mockery and will soon make peace with our SOB leaders. ---------- I could slit my wrists and people would cheer - L. Blankfein.  http://www.youtube.com/watch?v=p8jm61vk2.... 2008-09-21 01:02:36
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Master_painter Posts: 65 Incept: 2007-08-27
San Diego
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How could you possibly trade a fixed game? Make a trade and they can then pass a law that states no one can make profit on any stock owned. Why not? They are going to take your money anyway. Sorry for the perceived sarcasm!! But is it? Thank you all for your insite and effort in the past. Good luck and God Bless! 2008-09-21 01:09:30
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Honorius Posts: 354 Incept: 2008-05-21
Asylum
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Can you hear it? Thunderous applause. I actually posted this legislative text on some forum and pointed out some of the thing you just pointed out yourself (but I missed some important stuff) and nobody really seemed to care. It was FDR's fault or something. ---------- "[...] the truth is demanded only when it supports a preset ideology" Last modified:
2008-09-21 01:12:29 by honorius
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Max Posts: 390 Incept: 2008-02-10
Chicago
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It's late and I'm being dense... So we are getting deflation (by the destruction of the "value" of all this paper) and at the same time getting into more debt which is not what you want to do when you're in a deflation? 2008-09-21 01:11:54
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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Correct. "How to blow up the US Government in one easy step." ---------- 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 Last modified:
2008-09-21 01:13:25 by genesis
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Aja Posts: 1956 Incept: 2008-03-19
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The coup de grace, as it were.
2008-09-21 01:17:21
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Martin Posts: 676 Incept: 2008-01-23
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Hi Karl, Thanks for the analysis, as always. However, your scenario sounds optimistic. If Paulson can force selling MBS at his chosen price, and can sell and buy at whatever price he wants, then what prevents him from forcing all the MBSs to be sold to the Treasury at a penny each, then selling all of them to Goldman Sachs for a penny, then having Goldman Sachs sell a single MBS to the Treasury for 700 billion, with Goldman keeping the rest of the MBS to do with as Goldman sees fit? This assumes that Hanks personal portfolio contains a lot of GS stock. Other blogs are talking about some sort of auction mechanism to price the MBS, with low prices being bought first. Don't see why the banks wouldn't all agree to not sell for less than a high amount in that case. I don't see how there is Constitutional authority to declare shareholder owned corporations as agents of the government - isn't that a taking in violation of fourth and fifth amendments? Same for forcing a price for MBSs? 2008-09-21 01:18:15
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Bubblesee Posts: 3620 Incept: 2007-06-27
nyc
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Gen: Glad to hear of your disapproval...........now if we can only get a similar reaction from the so far irrational markets.........hope i'm not asking too much of them - LOL! ---------- Ticker Forum Special: "Bennie and the Feds" Melody:Elton John Lyrics:Bubblesee http://www.youtube.com/watch?v=etfVMtCq9Oc (Larry Kudblow eat your heart out) 2008-09-21 01:21:11
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Aja Posts: 1956 Incept: 2008-03-19
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A few thoughts borrowed from Naomi Wolf: "So it turns out we really are at war..It is a war to save our democracy. Each one of us needs to enlist. We have no one to spare. We need citizens from across the political spectrum to carry forward the Founders' banner together.... In our own nation, in times of eclipse, patriots have become rebels again and said: "No; the nation is not going down, not on my watch." When that happens, there is no power that can hold these patriots back. I hope this emboldens you." Last modified:
2008-09-21 01:26:47 by aja
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Clock Posts: 814 Incept: 2007-09-18 Green Shoots My Ass.
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Quote:Bottom line: This bill gives Paulson the ability to nationalize an UNLIMITED amount of private debt and force YOU AND YOUR CHILDREN to pay for it. If this passes, I'm wondering how we are going to pay for it? Taxes? In what form? Will the gubmint increase our individual tax rates? Maybe some kind of national sales tax? A patriot (consumption) tax? Any ideas? (damn there's a lot of questions there) ---------- ...lots of money still on the sidelines ~ CNBC mantra ~ 2008-09-21 01:34:32
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Eternalblue Posts: 3879 Incept: 2007-08-09
sokali
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this is ****ing terrible, it is effectively turning the financial system into communism. Not even the ****ing president nor congress each has nearly that kind of financial authority. ---------- all pullbacks are bear traps 2008-09-21 01:36:47
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Themortgagedude Posts: 3343 Incept: 2007-12-17
saint louis
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Haven't even read it yet, but I knew you just couldn't resist pounding out another ticker with your bear paws.
---------- Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice. 2008-09-21 01:36:50
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Themortgagedude Posts: 3343 Incept: 2007-12-17
saint louis
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Martin, Paulson holds no GS stock. As part of his agreeing to sign on as head of Treasury he was required to sell all his GS stock. Lucky for him they forgave all capital gains tax for him. On $500 million of stock. I don't know what his basis was but that explains to me why he took this job. ---------- Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice. 2008-09-21 01:39:53
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Spiritoftruth Posts: 570 Incept: 2008-02-25 New England Suspended
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Isn't hyperinflation bullish for stocks in nominal terms? All hail the new born financial king! King Paulson....ruler of the markets....fearless leader of financial incredulity!!! Now here's a thought. All the billions in profits, salaries and bonuses accumulated from the heyday of selling bad debt and flawed financial instruments is still being retained by the pigmen. If there's going to be financial martial law, shouldn't the government recoup those monies by force of law? And those who seek to hide their retained earnings should go straight to jail. In other words, pay back the taxpayers the money they effectively took at the public's expense. Socialize profits and privatize losses....and let's start with Hank's $500 million. ---------- “This is a revolution, damn it! We have to offend somebody!” - John Adams “All that is necessary for the triumph of evil is for good men to do nothing.” - Edmund Burke “Even if you are a minority of one, the truth is the truth.” - Mohandas Gandhi “Whatever is coweree up will be uncovered and every secret will Last modified:
2008-09-21 01:49:00 by spiritoftruth
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Themortgagedude Posts: 3343 Incept: 2007-12-17
saint louis
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**** I'd be happy if he'd volunteer to pay taxes on his 500 mil.
---------- Since September it's just gotten colder and colder. There's less daylight now, I've noticed too. This can only mean one thing - the sun is going out. In a few more months the Earth will be a dark and lifeless ball of ice. 2008-09-21 01:51:20
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Bluntfacts Posts: 693 Incept: 2007-10-09 Las Vegas, Nevada
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Wow. Karl snuck in a late Saturday Ticker. A nice treat while I enjoy a decent circus on TV: Austin City Limits on PBS featuring John Fogerty. The strange thing is that I clicked on the Market Ticker URL and the USSA post appears from 9/19. Even after I clicked Refresh, the same thing. Hmm. Must be a coincidence. Anyway, I really enjoyed this part: "The best part of this outrageous fraud is that those who get bent over the table can't even sue - their only recourse will be the (literal) deployment of pitchforks and torches." Do we still make pitchforks and torches in the USA? Seriously (not really), I think once one is "bent over the table", it's a problem. Assuming one can identify the perpetrator, the only real solution is a red dot and then lights out to whatever that dot is on. No court. No jury. In fact, no constitution. Just making sure the RIGHT THING is done. ---------- "Will someone come on TV and tell the truth about how bad it is". Jim Cramer August 2007. "We can change the focus to a soft blur; or sharpen it to crystal clarity" The Outer Limits 1964. 2008-09-21 01:51:27
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Davron Posts: 162 Incept: 2008-02-18
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Quote:If this passes, I'm wondering how we are going to pay for it? Taxes? In what form? Will the gubmint increase our individual tax rates? Maybe some kind of national sales tax? A patriot (consumption) tax? Perhaps the answer is in the part about making financial institutions an agent of the government. The IRS is also an agent of the government. This could lead to: 1) total loss of financial privacy. All transactions regardless of size reported to the IRS. After all, we are now only talking about two government agents sharing information. 2) Automated taxation via deduction from one's accounts. The IRS will just take what they think you owe in taxes. 3) A transaction tax on all financial transactions, even something as simple as a transfer from one account to another. A large part of taxation is taxing the movement of money, and this is just the ultimate realization of that. Normally this would be absolute tinfoil, but with this crap who knows. BTW Karl, I think you removed section (3) from the full text of the legislation on your ticker. Perhaps a cut-n-paste instead of a copy-n-paste. 2008-09-21 01:52:56
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Leraconteur Posts: 7189 Incept: 2007-12-03
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"If this passes, I'm wondering how we are going to pay for it? Taxes? In what form? Will the gubmint increase our individual tax rates? Maybe some kind of national sales tax? A patriot (consumption) tax?" We won't as we cannot. This years budget is 3.0 T. Add this and now it's 5.0T. That would require a 67% increase in revenues. Some of you don't get it. We don't have the money. And we WON'T have the money. This is the obverse of what happened in 1932. Instead of keeping the government safe and letting Wall Street die, they are attempting to save the IB's and destroying the governments ability to finance itself. The government isn't some magical financial fairy. It is part of the overall economy. People are about to find this out. They cannot save us. We let this pass and we are royally ****ed. Last modified:
2008-09-21 02:05:14 by leraconteur
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Cardz Posts: 697 Incept: 2008-02-25
San Diego, CA
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I totally agree that you should not be holding any financials come Monday morning. But the short/option side of the question is a different matter for 2 reasons 1. People are stupid and this could possibly turn into a massive short squeeze 2. I he gains the right to "(c) Sale of Mortgage-Related Assets.—The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act." Then he can destroy companies as well as strengthen them. If you bet on the wrong ones (long term) then you could get bent over. And I'm sure that things won't be leaked to his buddies before he makes these decisions either. Right? ---------- "That's 00 buckshot to the nuts, Bernanke, delivered by Sir Bond Markets-a-lot." ~ Genesis 5/7/09 "Somebody better find that ****ing unicorn, stat!" ~ Sundevilgrad 5/11/09 2008-09-21 02:04:17
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Pensicostreet Posts: 677 Incept: 2007-06-26
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This is truly scary, as I read it I thought I was reading about some banana republic dictator taking control of some third world country. I'm not joking. I think I will print up copies of this ticker and distribute to all my neighbors. This is unthinkable. The really sad thing is that j6pk thinks this is going to save his 401k when in reality it assures it of cratering.
2008-09-21 02:11:03
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Coolhandluke Posts: 5269 Incept: 2007-12-19
Out of the box
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Here's the part I don't get. If they "blow up the government" and everything crashes, what's the ****ing point? So they will steal over 700 Billion money units called dollars that are not worth the paper they were printed on? If hyperinflation kicks in their booty goes up in smoke along with the rest of us. If the government defaults and the dollar fails they still come out with nothing. There has to be a step 3. Where are they going to stash all of these dollars they stole while they still have some value? Gold? Silver? Uranium? That stuff only has value if someone else has money to buy it from you. What money? It all went poof! If the US goes down, the rest of the world can't be that far behind. Whatever their plan, the theives have to find a way to convert their fortunes out of the system they are destroying into a new system that will still honor the value of what they took. Or at the very least, the new system gives them at least 50 cents on the dollar. If so, that make sense. They steal twice as much as they need in dollars so when it is all converted they are still rich SOBs and the rest of us take a 50 percent haircut or worse. "I'm going to poision your bread and then steal if from you and eat it myself" It's doesn't make any sense. They are going to convert that poisioned bread into something else of value. I'm tired and my brain hurts. I'll check back later. ---------- I gave up on our government several months ago..... 2008-09-21 02:12:11
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