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.

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

Bamboozeled Hell we have just been lied to.

Gaming PPIP: Best Minds of My Generation Could Be Working On It

This Federal mob of fancy dancers are the same derulation folk that gave us Enron and left California and others holding the bag of over priced electric power.

Phil Graham, Rubin, Greenscam and Summers are devoid of either integrity or sense of public service. "Apres moi le Deluge" said le Grand Charles. These folk don't even give us a warning.
I wouldn't trust them to walk my dog for this covert game of save the big banker's bonds is now being dragged into the sunlight. Where by the grace of God it will die. Just look at the reluctance to name the benefactors of the AIG bailout. Has anyone in the forensic in the public domaine seen all the paperwork that backed that questionable act of public charity?
Sounds like Vince Foster's suicide note. Remember him and Clinton's lawyer.

America's Banks: Are They Really Insolvent?

The writer is dead wrong in raisin money by debt has no impact on the " solvency issue" as for each dollar one raises one increases liability buy the same dollar.

Second, The Basel II agreement/treaty was approved by the Senate so it is US Law. That agreement required full transparency of financial institution assets. with all being market to the lower of cost or market.

Paulson tried to side step this legal issue with SIV and failed when his scam was pointed out. So Bernanke let itr slip as did the Dept of Justice, the Comptroller of the Currency and the FDIC and SEC. They all dodged the issue and buried it.

The Banks have yet to expose of account for their full liabilities and Barney Frank has and had the chance but he won't do it.

I can thus conclude that they are insolvent and should be in receivership. I recognize this is painful but integrity, the law and our future demands we wake up and be honest with ourselves. Continued denial is criminal.