They Haven't Learned A Damn Thing [Ticker]

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They Haven't Learned A Damn Thing in forum [Ticker]

Genesis
Posts: 71426
Incept: 2007-06-26

KD^2

http://market-ticker.org/archives/784-Th....

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"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

2009-02-10 10:37:31
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Widgeon
Posts: 6525
Incept: 2007-08-30

OK
Online

gov't to guarantee gambling losses.

The hour is nearly struck for me to remove all my monopoly money from my "trading" account.

2009-02-10 10:39:51
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Widgeon
Posts: 6525
Incept: 2007-08-30

OK
Online

Only TTT could call $2.5T over 6 months "hitting the brake."

2009-02-10 10:40:59
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Widgeon
Posts: 6525
Incept: 2007-08-30

OK
Online

Finally, I disagree w/ your "Title." They have learned ... they've learned they can get away with it.

Thanks for all your efforts ... Really, Sincere Thanks.

2009-02-10 10:42:41
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Davron
Posts: 162
Incept: 2008-02-18

You're wrong Gen. They've learned one thing.... that they can get away with it.

2009-02-10 10:43:04
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Jstanley01
Posts: 2566
Incept: 2008-07-30

San Antonio, Texas

Quote:

What TaxCheatTimmy proposes now is to do more of the same that got us into this mess in the first place, except this time, the sucker is YOU, the Taxpayer, and you can't say "no".

Well, not through any legal means anyway.

This course of action is legal. Fundamentally so, actually:

Quote:

When in the course of human Events, it becomes necessary for one People to dissolve the Political Bands which have connected them with another, and to assume among the Powers of the Earth, the separate and equal Station to which the Laws of Nature and of Nature’s God entitle them, a decent Respect to the Opinions of Mankind requires that they should declare the causes which impel them to the Separation.

We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.

That to secure these rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed.

That whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it, and to institute a new Government, laying its Foundation on such Principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness. Prudence indeed, will dictate that Governments long established should not be changed for light and transient Causes; and accordingly all Experience hath shewn, that Mankind are more disposed to suffer, while Evils are sufferable, than to right themselves by abolishing the Forms to which they are accustomed. But when a long Train of Abuses and Usurpations, pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security...

http://en.wikisource.org/wiki/United_Sta....

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...so in short, my fellow Texans, we must secede. "For the children..." --Me

2009-02-10 11:03:30
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Dmc
Posts: 40
Incept: 2008-06-02

“There’s a lot of private capital out there that wants to come in. It just can’t get the financing,”

It's unbelievable that he can say something like that with a straight face.

2009-02-10 11:06:51
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Tesla
Posts: 8174
Incept: 2008-04-03

Delaware

Quote:

There’s a lot of private capital out there that wants to come in. It just can’t get the financing

What does this even mean ? How does "private capital" need "financing" ?

Last I looked, private capital could still buy Ts, bank shares and corporate paper without any help. In fact, keeping money in money markets IS supporting the capital markets.

So what is he really saying ?

As Genesis said, leverage and guaranteed protection from loss is the only thing that will get capital to "invest" when it's not profitable to do so otherwise.

Our old friend "moral hazard" at work.

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"Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams

I'd rather die on my feet than live on my knees. - Emiliano Zapata

2009-02-10 11:15:33
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Xanares
Posts: 1288
Incept: 2008-11-10

London

“There’s a lot of private credit out there that wants to come in. It just can’t get the financing,”

fixed.

2009-02-10 11:28:32
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Musashi
Posts: 2946
Incept: 2007-11-06
Behind the Irony Curtain

Quote:

What does this even mean ? How does "private capital" need "financing" ?

The American way. Lots of people want to play with OPM. None wants to play with their own in this crooked environment.

2009-02-10 15:19:37
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Mm^^
Posts: 2330
Incept: 2008-10-01

Gone, Baby, Gone

He's positioning the NEW, new, really new derivatives. You know, funded by the fed, guaranteed by Treasury, no recourse 400% profit ROI. And then, they can leverage some of THAT, too.

I want some, but unfortunately, it's all been allocated......

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I always leave cookies.

2009-02-10 15:23:42
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Berkleyreindeer
Posts: 560
Incept: 2008-07-22
Minneapolis , MN

timmy has been in NY for too long. he doesn't even understand the difference between capital and margin. what a loser.

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It'll get worse. Just wait.

2009-02-10 16:38:40
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