bindlepete

The Secret to the Banking Sector's Success

Sell Bonds? To whom? Wellll, print the money and lend the money out at .25%, and borrow it back at 3.5%. Let the intermediary take the risk free profit, pay himself a bonus and sleep on.

Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?

The Secret to the Banking Sector's Success

Sell Bonds? To whom? Wellll, print the money and lend the money out at .25%, and borrow it back at 3.5%. Let the intermediary take the risk free profit, pay himself a bonus and sleep on.

Switcheroo!!! and you pay the freight Mr. and Ms. Taxpayer

And then there's the dance with the foreign banks.

This is government?

Where's the Outrage at the Banks?

The Banks - big ones are broke - if there was anything near honest accounting. Their Tier 3 Assets, if not sold to the taxpayers for unrealistic prices - the big government give away - would place them in receivership so their bonuses are undeserved. But money talks and Washington will not shut them down nor even curtail the bonus flow.

Now if Washington did get tough they would translate the bonus flow to loans and then forgive them when the heat was off. Remember GS and their little ploy in 2008? This, by the way, defers the taxes on the personal cash flow until the loan is forgiven.

Public Passion Drives Pay Czar to Arbitrarily Slash 175 Top Salaries

The bigger scam ?

Lets look for low interest loans in lieu of pay and bonuses which will be forgiven when the heat is off. This defers taxes on the cash until tghe loans are forgiven down the track.

As I REMEMBER GS GAVE THESE LOANS ABOUT A YEAR BACK TO CARRY OVER THEIR BONUS FREE EXECUTIVES. I WONDER IF THEY HAVE BEEN FORGIVEN?

Analyzing Larry Summers

This is post facto fancy dancing to justify a host of major self serving decisions. Greenspan and Clinton started the mess and all to promote their own personal agendas. Rubin and Summers piled in and though their system of market discipline would balance it all out.

But no one was watching the store so Moody's and S&P went along for the buck, the risk of Investment Bankers was transferred to the guaranteed banks derrivatives cma into big time play for other peoples money and personal rewards the BLS took a dive and continued to pervert the statistics. Home mortgages and ownership became a right and then on=ce trouble was snesed forts with LTCM's bail out for fun and friends the blood was in the water and the real sharks came to feed.

HP and his home base GS smelled the blood and bought the oversight gang with threats of catastrophy and threw Basel II out the window and stuck old Aunt Mini with the Bill.

Talk about a "Death Panel" the Rebublicans invented it as they condemned her to a life time of Wal Mart Greeting. with theft and the perversion of the CPI.

Hey there is no end of villians but one honest man left standing- regretably outside the door- Paul Volker.

Who Owns the Derivatives Market?

It's OK to gamble - so long as you do it with your own money. And AND if you don't due do due dilligence on the credit worthyness of the counter party don't expect Aunt Minni to bail you out.

It's your own damn fault if the fold and can't pay up.

Got that LLoyd and Hank? Quit bleeding the widowsand orphans. Be a man not a Madoff.

The Coming Consequences of Banking Fraud

Good thinking good analysis not the happy portrait of our times that we are being told is reality. Hard assets are better than paper assets as there is a desperate effort to tell us "all is well, nothing to see behind the curtain, move along" .

As a septuagenerian it is interesting to watch but painful to contemplate.

Thank Goodness: Judge Stops BAC / SEC Deal

BAC and the SEC may call it a "constructive conclusion" but I see it as a "constructed collusion" to deny the public and stockholders the truth.

This is very questionable and I wonder who is being paid off.

BofA's Wrist Slap Speaks Volumes About Capital Markets Integrity

What I would like to know is what does this slap and tickle game does to the stockholders and their suits against BAC and what does it say about Obama's new head of the SEC?

Will she roll for a nickel? Maybe for free if it's family. Nice way to reestablish faith in the regulatory folk.

All the guts of a fat clam.

Central Banks, Commercial Banks, and Lies: America Has Been Bamboozled

Bamboozeled Hell we have just been lied to.

Plunge Protection Team Attacks BofA: This Ends Now

What we need to start off with is a foensic analysis of the Ckaims of 12.9 billion made by Goldman Sachs on the assets of AIG. Second, a similar examination and exposure of the ML/GS relationship and the disclosure of any side letters that may have been involved.

Then there is the criminal prosecution of Hanry Paulson for his decison and to save AIG and the bullying/threats of his office or person while serving as Secty of Tres.

The problem can be solved at a later date if convictions are made by Obama's pardon but it should not be swept under the rug on a premtive decision not to prosecute. If Obama has the will to grant such a pardon it can be done after the trial.