1worldcurrency

AIG's Collapse: Was It Criminal?

How about the 15 billion of AIG's bailout bucks that went straight to Goldman Sachs, with Liddy on GS's Board of Directors?

How Much Risk is the Treasury Really Assuming from Financial Institutions?

Fine article. That collateral is no doubt perfectly valued using the "significant judgment" of the smartest guys in the room.

Being unregulated instruments, no doubt the OCC knows the exact amount of notional outstanding. No one on Wall Street would ever lie.

Congress: Shortsighted About Financials

Thanks GS for paying back TARP with AIG bailout money.

For Citi and JPM to say they're profitable when the real economy is in a downward spiral means only one thing:

The banks are looting the Treasury.

AIG Bonuses Are Just the Tip of the Iceberg

165 million in bonuses.
12,900 million direct to Goldman Sachs, who paid bigger bonuses.

AIG's Blackmail Note

165 million in bonuses
12,900 million direct to Goldman Sachs

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

According to Treasury Department statistics, JPM has a $90,000,000,000,000 (trillion) gross notional exposure to derivatives. One analyst said assuming no unusual circumstances, their net exposure is only several hundred billion.

We are experiences unusual circumstances, and this issue can not be ignored. We need immediate transparency regarding all this toxic paper.

AIG Needs More of Your Grandkids' Money

Every Day I wake up shocked that Paulson has not been forced to resign.

This Is Not "the Big One"

"Without the government to back-stop them, banks and brokers finally have to get serious about addressing their balance sheets. If they can’t figure a way out on their own then in free market economies you go broke or find someone in the private sector to bail you out."

So where is your outrage at the bailout?

Wall Street, 1792 - 2008?

Small business association leader said today there was no problem for good businesses to get loans. The credit freeze is for Wall Street, not main street. Let them fail.

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

"8.If 1/3 to 1/2 the financial institutions in America go insolvent, and business lending and consumer lending grinds to a halt, the tax payers will take a hit as well. "

This is bs. Why not then just nationalize the banks tomorrow? The market approach has failed.

This Is Not "the Big One"

Well, Bazooka hank convinced both houses and and both parties that this was the big one.

This Is Not "the Big One"

Uh, what? Do you follow the news?
Oh, and add 800 billion and 50 billion (at 10 am) to 10 ten thousand billion, then tell this one is no different.

AIG Is Toast

Why bail out the counterparties? They're big boys. Individual policy holders, now that's another story. But someone made a commission selling the insurance, and profited on the float in the fat years. They should pay up big.

Lehman's Collapse: Broader Economic Damage Unlikely

If every bank went bust tomorrow the corn would still grow, and we could come up with a system to lend money to farmers in an hour. Armageddon is real warfare and famine.

BofA, Lehman, AIG: The New Financial Realities

Yeah I take issue with the notion that Lehman Brothers could just spin away their problems into a bad bank, leaving either the taxpayer or some creditor to eat the losses while they avoid the "moral hazard". There must be accountability, including for bloggers who think they can spin nonsense. There is too little time and too much at stake.