Jason Rines (iThinkBig)

Analyzing Larry Summers

Perhaps but lots of hard drive space real cheap these days. The attempt for a rounder world continues. Look on the bright side, they CB model is soon to be dead. Long live the CB model! It was wonderful after the dark ages and evolution is always guaranteed in this universe.


On Oct 07 04:42 PM Robespierre wrote:

> So this is how the perpetrators of the biggest heist in the world
> re-write history...

Analyzing Larry Summers

No I don't blame the janitor. I blame manager that ordered the janitor to dirty my office and then ordered him to come back in my office and demand fees to clean it up. Is this what passes for intelligence these days in Washington?

30 percent of the country won't be moving on for a decade. Talk about the encapsulation effect.

The people would help clean up the mess and mitigate the damage to yourselves but no one can see the books. By the find the public does civil unrest will be rampant. Then what? Attempt to silence the rape victim?

I have made my own mistakes in the past. I take accountability for them, not hide behind the point of a gun. I worked with Kovlowski and Mark Schwartz. I could have easily committed fraud and called it a grey area. It's simple. If your know your not returning value it's fraud. Hey in the end we're all dead. I will die with my dignity and my family not be reminded for generations what a parasite I was. I had some DC connections. There are solutions but none of you want to implement them. So please stop pissing on my head and telling me it's raining.


On Oct 07 03:03 PM Larrysyr wrote:

> The comments stream reminds me how easy it is to blast away in anger
> after an enterprise fails. I think I would rather figure out what
> happened and how we can avoid repeating the mistakes that got us
> into the mess.
>
> Failures, crises, etc. usually occur because risky decisions turned
> into sour results. The decisions themselves may have been prudent
> (or maybe not), but the results unquestionably became negative.
> The very definition of risk means that whatever decision you make,
> even a good decision, could result in failure.
>
> So we, as a political economy failed. A series of risky decisions
> didn't work out as intended. It happens. It's bad. Time to move
> on.
>
> Maybe the main players were ill-motivated. I don't think that's
> a productive perspective. While nobody gets honor in this mess,
> somebody gets to clean up. Do you blame the janitor when your office
> gets dirty?
>
> I didn't like Bush; I do like Obama. I still don't think finger-pointing
> is worthwhile. I think we need to figure out how to get the train
> back on the tracks and get on with our lives.

Analyzing Larry Summers

Thank you for calling a spade a spade. Capitalism was ground into
dust. We went off the gold standard and the country was never the same.

Celebrity Finance executives and CEO's were all the rage in the last twenty years. A culture of ego once it builds momentum is hard to stop. Legitimate global crisis such as 911 didn't help. But
repealing Glass Steagall was no accident.

Failing to serve the public at large FIRST by 2005 was no accident. Continuing hiding the numbers to make more time for personal exit to mandrake onto China is heinous. Think the Chicoms and Russians surprised you Larry and Tim this year? You haven't seen anything yet for what they have in store. I know a little bit about PtP banking. I was offered to help the East. I declined. My country of 300 m come first! Not my little band of brothers. The intent of these nations is military in nature of divide and conquer and not nice.


On Oct 07 02:41 PM Gary A wrote:

> Alan, both parties are at fault. IMO the Bank of International Settlements
> allowed shadow banking and the Fed looked the other way as this system
> was imported to the US in the form of liar loans.
>
> This was a ponzi SCAM. And it happened under the watch of the BIS,
> the home bank of the central banks.
>
> Making the Fed the financial watchdog king is putting the fox in
> charge of the hen house. Just remember, Rubin, Greenspan, Frank,
> Gramm, etc all had something to do with making Wall Street into a
> casino. Both parties were in the pockets of the rich banks. And now
> the consumer, the engine of the world, is broke. Yet no one is prosecuted
> for this fraud.
>
> They may get around to prosecuting the foot soldiers like Mozillo,
> but what about Geithner, Greenspan, Summers, Rubin, Frank, Graham,
> Dodd, etc. etc? If you commit a crime that is high up enough, no
> one gets prosecuted. I think Voltaire said something like that.

A Dow Double in 10 years? Easy

seeking alpha management. If you want help to block this idiot ruining your site and wasting investors time then call me. 603 953 3388. I own a network and will return value for the years of wonderful and educational content.

As to my forecast I stick with the W shape event with 2nd leg down in 2011 which I have been stating here since summer of 2008.

Getting the signal yet from our creditors overseas? We're due for a pullback but don't believe it will be Dow 5000 nor this month or next.
The tbtf banks are floating on a sea of reserves. 2010 is an election year and one of importance for Senate Banking Oversight. The technicals are so unplugged from fundamentals your best watching Washington CSPAN.

Jason Rines


On Oct 07 08:09 PM myspacestocks wrote:

> this market always goes up. that's all it does, end of story.
>
> hat tip to: tinyurl.com/n854tt for the good articles

AIG Is Dead, Long Live AIG

Astute observations and wonderful article pointing out Benmosche's contradictions. Liked the other couple of comments too. Reminds me of Ben Stein in Ferris Beullers Day Off 'Anybody...Anybody...'

With No Exit Strategy, Bernanke's Fed Turns to Lobbying

The CB model itself will evolve or die in this coming era. Global ineptitude and fiscal collapses lead to world wars. Unfortunately, we are in the nuclear age. I am hoping for the best but preparing for the worst. And when it is all over, there are going to be many people around the globe, not just the USA that will demand to understand what happened. The American public will in a few short years be deciding a path of debt default creating serious geopolitical blowback or extreme austerity servicing the debt. Which one do you think they will choose? History does rythme.

Goldman Owes Taxpayers More than Just TARP

You are talking about an emerging market called "citizens powered media".


On Apr 22 11:07 PM Amish Rake Fighter wrote:

> If you think I give a rat's ass about Mike Morgan's motivation, think
> again. Apparently he's a bit of a bible thumper but I'm willing to
> overlook that.
>
> Sucking up to Goldman Sachs because your heros do is idiotic, Enron
> used to be the toast of the land and look at them.
>
> I'm confused about the term "second tier media", that would imply
> that there's a first tier

Credit Bubble: Who Lent to the Hedge Funds?

The system will collapse. Some of these people just need a little more time to finish squeezing the broken sponge of the general public for it's last few drops of water. Treasury and Federal Reserve just need a bit more time so that you, kids and grandkids can owe China $8T more on top of the $5T that is supposed to be recapitalizing the banks. I am sure the Chinese communists will treat the American public just duckey. I am sure the American public will continue to be little dove surfs and I am sure I have the Brooklyn Bridge to sell you.

Seething Over Liddy's AIG-Goldman Connection

The current economic system will collapse in mid 2011 or early 2012. The citizens will flush the 'no-oversite' committees, default on the debt, face a couple of tough years and move on. Take care of one another in-between. Government's version of 'sharing' is wealth contraction across the board when in conjuction with Financial market collusion. You as gentlemen will need to take care of neighbors. I am doing my part already as some of you will find out soon enough - Viva la Liberty.

5 Perverse Bailout Consequences

Correct. What we are right now is Fascist. The book 'Fascism With a Smile' is a great read and written two or three years ago. There is not 'letting' the system purge itself once a nation reaches this point. The progression from Fascism has historically been dictatorship, total tyranny and collapse. What if Adolph Hitler and Mussolini changed course and went complete free market capitalism instead of attacking Europe? I wondered often about that and as I spent years looking at empires, government types, mass movements, human nature I came to the conclusion that the only choices a government has at this point are a) sovereign default meaning hitting the reset button b) attempt conquest c) armed revolution . We might replace enough of the House of Representatives to stop the blatant looting but we choice a, b or c is what our real choices are. Very, very sad.

Perhaps we shall rid ourselves of Central Banking. The debate between James Madison and Alexander Hamilton is over. 400 years of history proves this lending model creates far more harm and misery then good. It simply allows a government political cover to spend money on foolish things and prohibits or defers difficult yet solvable problems.


On Apr 14 10:15 PM Al-USA wrote:

> Crony capitalism is incompatible with liberty and democracy; the
> solution is to let the failed capitalists get purged out of the system,
> period.
>

Goldman Sachs Backlash Is Picking Up Steam

2010 and 2012 House of Reps elections can change that, but have watch dogs all over the net to view donations and where they come from. The sadistic will be bagged and tip off all those whom made it out the exit someday. This is how this works. Remember, the earth is now a very small place. Getting through the fallout of this global economic collapse and avoiding large scale military misadventures is a more pressing need then immediate justice. Again, no major change in the House of Reps then no discovery.


On Apr 14 10:59 AM wakeup call wrote:

> One week ago the information on the linking of Goldman Sach's to
> the AIG bailout came to light in detail. Since that time there has
> been virtually zero follow-up. I guess Goldman is too powerful from
> both the perspective of being just about the only remaining investment
> bank(commercial bank when convient) and having its past executives
> so firmly intrenched in the federal government. AIG might be too
> big to fail but Goldman is too powerful to be investiated

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

No, they understand now. The larger of them that were directly involved face blackmail. The inept are now also culpable. As I have stated here for over a year, watch Washington and that we would have voter revolution by 2012. Not all in the population just sit back and watch. Some of us understand the counter as these events are not new in the USA or Europe, it's called a marketing solution to a monetary model problem.


On Mar 30 12:32 PM Big Al45 wrote:

> Considering what we've elected, probably none of it could be understood
> by Congress.

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

The scam is being exposed. The very last scam will be in energy speculation/collusion. Inflation in energy at this point is guaranteed and the same players as 2007/2008 energy crisis will amplify the effects. We all had hope that this government would:

a) nationalize the banks - that will happen after the last drop of good derivatives is in the hands of the same few players and all the bad stuff is dumped on taxpayers.

b) government would accelerate clearing the debts, instead government septupaling them. Combined with losing USA AAA rating by 2011-2012, a loaf of bread will be $10 along with a $15 gallon of gas, final nail in the coffin of USA financial system

I advised people to buy equities in April for five year buy and hold but that Washington would be the wild card. If your into commodities, go that route. I choose now a different path of what I consider necessary humanitarian work.


On Mar 30 11:35 AM vodop09798 wrote:

> Hey Folks,
> THEY'RE BACK!!! Short Interest is over 18% on Citi!! Out to kill
> another bank and start this crap all over again. But we see you this
> time. Drive it all down again so I can buy more and drive it back
> up your chart.

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

Well, you may feel happy or unhappy to know some of us are telling the public the truth depending on your trades. Note this link at FreeRepublic and the forum comments. A couple of people intepret this to the rest of the group in lamens terms. Love the Microsoft analogy: www.freerepublic.com/f... . Politicians, they have for a decade underestimated the rate of business around the globe because of Internet.

> As to your statement "...... If the administration is truly aware
> of all these events (and if Zero Hedge knows about it, it is safe
> to say Tim Geithner also got the memo), then the potential fallout
> would be staggering once this information makes the light of day
> ......."; I personally doubt that the general public will have any
> interest in the arcane details of what is going on, and the potential
> fallout will be limited to academic discussions on sites such as
> this.

Today's Capitol Hill Therapy Session

My translation of the Bernanke comments:

Hi. Now that the American citizens are ready to revolt Congress has decided to take the pressure off themselves and continue outsourcing to us. Now we will decide which companies best serves the our private constituents while we dick around for a year setting up the regulatory body. If it all goes up in flames in the next few short years, I can get all the blame by the politicians and I can note in my personal memoirs that my theories on the Great Depression and how to escape a deflation were incorrect.