mikebrah

Freedom of Information Act Disclosure Busts Paulson, Geithner, Bair

Too bad the Mafia couldn't print their own money. Their methods of extortion seemed more noble than our government's.

MM

Stress Test Results Are Out - Leaks Were Right

Having a Fat Tire myself, cheers!


On May 07 08:06 PM tedfoo wrote:

> Stress tests make no inquiry into all those toxic assets which has
> been forgotten in this euphoria. I suppose the toxic assets aren't
> a big deal anymore since mark to market is gone. Of course this
> means no bank will actually sell their assets through the PPIP program....they
> would have to mark it down as a loss. Congrats, we created zombie
> banks.
>
> Didn't I also hear a rumor they were allowed to use their sham Q1
> profits for extrapolations for the entire year? Can someone verify?
> Was commercial real estate really actually truly looked at? Anyone?
>
>
> Seems like the greatest pump and dump scheme ever. Actually pretty
> smart the govt was able to pull it off and steal $80B of private
> money into this black hole while the green shoots are appearing.
> The average taxpayer is ready to let every one of these banks go
> under now, and no more TARPs were going to be given away by congress.
> Maybe the government actually saved the economy from future armageddon
> through all this manipulation? Maybe I give them too much credit.
> Maybe I just need a beer.

Stress Test Results Are Out - Leaks Were Right

The onslaught of equity raises that are about to occur is akin to a fat kid loading up on chocolate chip cookies before being shipped to fat camp for the summer.

MM

Why This Rally Is Unsustainable

Jasper,

"It is the hallmark of irrationality to react badly to reality."

Great sentence!