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| User Info | Thumped Thursday and Mozillos Recession Call in forum [Ticker] | |||
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Genesis Posts: 71421 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/2007/....
---------- "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
2007-08-23 16:45:56
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Eternalblue Posts: 4230 Incept: 2007-08-09 
sokali
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that's pretty damning about the other banks having problems. . .
---------- my miniblog; http://economicpsychosis.blogspot.com/
2007-08-23 17:22:14
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Gmak Posts: 10176 Incept: 2007-07-27 
Re-inventing the future at the speed of time.
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As usual, a concise focused energy bar of insight. By the way, I was gone a while, did CFC go negative even briefly in the AH. I saw it setting at up 0.01 just curious.
2007-08-23 17:39:16
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Capeman Posts: 2169 Incept: 2007-07-12
San Diego Online
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It's down a few nickels in AH. If investors are actually digesting all of the BS then tomorrow could be a very exciting day for Da Bears.
---------- "I believe all God's creatures have a soul... except bears, bears are Godless killing machines!" - Steven Colbert
2007-08-23 17:59:18
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Thedeb Posts: 620 Incept: 2007-08-19
USA
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I am hoping it will be an exciting day tomorrow. All that red is killing my eyes,
2007-08-23 20:07:27
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Thedeb Posts: 620 Incept: 2007-08-19
USA
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Genesis, always a great ticker. Do you ever get to sleep?
2007-08-23 20:10:54
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Nightowl Posts: 2279 Incept: 2007-06-26
On a 45 for 18
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I think its great that Mozillo had a little honesty in his comments. The state of affairs we are in sure ****ing needs it. Perhaps the dam finally opened up a little today and ACCEPTANCE may be setting in. Feels like it to me with "recession" being splattered all over the place. Even cramer seemed to speak candidly today on stop trading. Now maybe J6P will get his head out of his ass.
2007-08-23 20:12:31
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Genesis Posts: 71421 Incept: 2007-06-26
KD^2
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I get enough.... and on the weekends I get to be a zombie 
---------- "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
2007-08-23 20:12:32
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Ruffcut Posts: 2194 Incept: 2007-07-07 Mushagain Online
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Yes, another fantastic post. Keep up the heat. In a stange way,it is comforting. Karl, You are our credible media. Thanks ---------- Support locally, and **** off globally!
2007-08-23 20:15:53
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Peace Posts: 688 Incept: 2007-07-09
San Diego
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Genesis, you deserve a pat on the back for that excellent analysis on the death spiral financing. If BOA extended $10 bil of that $11.5 bil line of credit, they could have forced Countrywide into that $2 bl convertible stock deal, which gives BOA the tools to take over Countrywide. Another interesting news today explains why Countrywide rejects so many loan modifications. They are not the only lender to do so, and I have been scratching my head about that. Now it is crystal clear. NPR interviewed Dick Bove today - what a great guy! He explained the worst is yet to come. We have plenty of liquidity, but the fear of who is holding what (Bill Gross' "do you have a Waldo?") is preventing the extension of credit, and it can take months to sort this out. Bove said the underlying problem still remains, and that is that the US lacks the income to repay all the debt that has been accumulated.
2007-08-23 21:12:04
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