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.

Time for the Feds to Finally Get Tough with Troubled Bank Giants

You advise that the management teams at Citi must go but wholeheartedly endorse BA, Geithner, Summers, Ben Bernanke? I respectfully but firmly disagree.


On Sep 16 04:55 AM Nettligent wrote:

> Troubled banks do not want Fed to see their insights. On the other
> hands, they want privacy, bailout, and do whatever they want to do.
>
> We have a long way to go and our priorities are rebuilding confidence
> and trusts. Not only in US but Europe and Asia as well. The world
> trusting us deeply. So far, we destroyed everything. When America
> sneezes the world got flu.
> Citigroup was lucky to survive, so stop whinning and complain. Personally,
> Citigroup needs to change CEO, management, and Board of Directors
> with a respectable teams. Sooner the better.
> Based on recent progress, I whoheartedly trust President Obama, his
> Administration, and Treasury Secretary Timothy Geithner. They are
> walking on a fine line, not perfect, we cannot fix everything overnight,
> and no plans are completed, but Americans are lucky to have them.
> God Bless America.

A Two-Track Economy

Pain is the catalyst of change and out of necessity. Necessity is the mother of all invention. Nice article and conclusion. Unfortunately as history rythmes we'll see another world war that shakes up the power bases.

Plan Black: How to Really End the Financial Crisis

I finally disagree with one of your comments. The taxpayer is now funding legislators whom are crafting bills to stifle free speech, allow home inspections and tax the very air you breath. So we are funding the growing Marxism. Plan black means the beast is exposed for what it is. If I have to choose between a collapse of our economy, a year of chaos and then a clearing of our political and economic system, then let's get it over with. If the USA is becoming Communist then I will have to choose a different place to live, I prefer fighting the battle on home turf while we still can.


On Jul 27 11:10 AM Jeff Nielson wrote:

> This piece is an exercise in simplicity - since the author clearly
> doesn't have a clue about the consequences of his "plan" (which,
> as he admits is to essentially "do nothing").
>
> The U.S. is hopelessly insolvent. The U.S. financial sector is hopelessly
> insolvent. And tens of millions of Americans are insolvent, but haven't
> yet lost hope. Total public and private debts exceed $57 TRILLION
> (not including $70 TRILLION in "unfunded liabilities).
>
> The Darwinian "do nothing, and let the markets sort things out" implies
> a Soviet-style debt-implosion for the U.S. in less than two years.
>
>
> Granted, the pitiful half-measures of the Obama regime have the U.S.
> headed for a debt-implosion anyways, but "plan black" would do so
> in a sinking-of-the-Titanic fashion.

Did We Nationalize Banks, Or Did They Nationalize Us?

You said it all and that bears repeating. In 2008 I had an opportunity to advise President Bush through a family member. I let him know to not trust Hank Paulson and that he did not care about the fate of the President's legacy or the American people. Hanky cares about his own ass and if the situation deteriorates into something much worse such a large scale military misadventure with other nations or revolution as a result of the American and global looting. It was the biggest heist in global history and one I doubt the global citizen will forgive so easily when all the truth is known, pleasant ass covering letter or not.


On Jul 17 09:59 AM ghostface killah wrote:

> On the contrary, Simon, I have to respectfully disagree with you
> on the point that Hank Paulson "illustrated that he himself still
> understands little about the origins and nature of the global crisis
> over which he presided". His bumbling, stupid professor act is just
> that, an act, so people won't believe that such an unpolished speaker
> could be so devious and cold-hearted. I believe Hank Paulson knows
> far too well, in fact, far better than the average American, EXACTLY
> the roots of this global crisis since his firm has been one of the
> major contributors to it. It's all just a show. Behind closed doors,
> Hank and all his buddies are laughing all the way to the bank, figuratively
> and literally.

Banks Just Don't Get It

Let's cut to the chase. The country is now a Banana Republic. It's just one big banana with a thick skin. The Hierchy will get there wish in what they consider utopia. Such a global Feudalistic system will not last long in this era. America will restructure. It will be a nasty police state for a short while.

Credit Card Receivables: Even Moody's Thinks the Fed's 'Adverse Case' Is a Joke

Right now it is the syndication of important information that is critical to the public. They are not receiving it from the Main-Stream-Media. People like Tyler are my hero. What sweat equity are you throwing into a restoration of America? Capital starved entrepeneurs are doing the heavy lifting to syndicate the truth while people in the investor class sit on there ass and act critical?

If you want citizen powered media types like Tyler Durden to have the time and money for detailed analysis and featured reporting, open your wallet and fund him. If not, may I suggest you sit down, stay silent and smoke a cigar.

On May 12 01:30 PM truthteller wrote:

> Wow, in what parallel universe, should the investment community trust
> Moody's to assess anything? Anyone want to buy some AAA rated mortgage
> backed securities at full price?
>
> Why should anyone care, whether or not the scenarios are adverse
> enough or not? I mean these analyses are just a guess. The only
> thing that maters is when will the overall economy recover? For
> that, I will just listen to Warren Buffet and watch for an equilibrium
> in housing starts.
>
> For the most part, your articles are STILL just copying and pasting,
> someone elses work. If you are going to post an article online;
> you really should try to come up with some analysis of your own!

Credit Card Receivables: Even Moody's Thinks the Fed's 'Adverse Case' Is a Joke

Oh wow. Are you trying to say that American skilled labor market turning into chinese style peons has an adverse effect on the financial markets? Tell that to our government, they seem to have forgotten about this tiny detail for the last decade+.

A Bull Market That Few Are Buying

I agree with most of this, add that private investors also waiting to see what happens in the banking system where the author makes solid points about corruption. How long can government manipulate the trade? The answer is as long as the taxpayers that are low-hanging fruit to government have money to confiscate via taxation, inflation, schemes etc.

Also add that many private investors are not day traders and this period will certainly be a day-traders paradise. I like going long on bonds, conducting a lot of due diligence into management, cash flow and consumer demand before investing. It creates a bit of confusion to learn to become an astute day trader or whether to just wait and see at this point for a few years.

"feelings" sometimes get in the way too. For I know that government being a vacuum cleaner of taxpayer money and me betting that trade accelerates the process. I can invest in my own businesses for the long haul instead and simply act like a clerk to appear before the State from time to time as it attempts to shake me upside down.

On May 10 11:51 AM InvestBaboo wrote:

> The title "A bull market that few are buying" is correct but with
> an entirely different line of reasoning than this author.
>
> There is a vast amount of cash waiting on the sidelines that is yet
> to buy into this market that will provide rocket power boost once
> it starts coming in. It is a matter of when this money will start
> flowing in and not if the money will start flowing. The money that
> the author and his friends have will also come pouring in once they
> realize that you can't fight the trend but given just how much reservation
> the author has about this I am affraid he may be the last one to
> get on the train and left as the bagholder.
>
> What I am saying is that facts can be looked at with colored glasses.
> I could get on either side of the fence and make extremely bullish
> or extremely bearish arguments. I have been wrong in the past when
> I have trusted my opinions and invested contrary to the the trend
> in the market. One day I woke up and realized that fighting the trend
> was a mistake and I will always invest with the trend and from that
> deduce either a bullish or bearsih bias. This is because the markets
> are always right and anyone who argues against it is wrong!
>
> As I keep saying the trend is your friend till the bend at the end
> and there ain't no bend to see at the present my friends. Articles
> like this are healthy in the sense that some doze of bearishness
> is good for the bull market but I urge the readers of SeekingAlpha
> not to miss the bull market and once-in-a-lifetime wealth creation
> opportunity that the market has presented us with.

A Bull Market That Few Are Buying

I wrote about them here and elsewhere but who the hell is Jason Rines? The article writer is correct that the global financial elites are crushing competition. He is also correct in stating that the monetary and political problems are closely intertwined and to unwind them will take time. The current signals from Washington to suppress dissent are ominous. If we become a communist nation completely (rather then the partial we see now), I would be a bit surprised. That said, our culture is not adaptable to this form of forced collective participation and the end results would be very messy indeed.


On May 10 09:24 AM RonB wrote:

> It is remarkable to watch so many people come out with harsh criticsm,
> and to recognize that these people have no constructive ideas, and
> no responsibilities. And of course, they do it after the economy
> is showing signs of stability. Where were all these self-acclaimed
> brilliant people before things fell apart?

Do You Believe Borrowing Leads to Prosperity? (Part 2)

The bigger question is whom forced you to click on the link and read the article? Citizen powered media as an emerging Internet innovation is beginning to replace legacy media for obvious reasons. Necessity is the mother of all invention.


On May 07 02:13 PM ArtfulDodger wrote:

> Oh yes, JQ, I found someone who writes longer paragraphs than you.
>
>
> Steve Waldman is his name, and he writes on SA. Not by much, but
> he edged you out by a couple of sentences and a few subjects.
>
> Get a load of this one! What do you think a professional editor would
> do with this beast?
>

Five Factors Driving the Coming 'Transparency Squeeze'

If your going to report the validity of 'blogs' why not include the link to the blog? For those whom wish to know:

turnerradionetwork.blo...

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.