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Options Trader Weekend Update: Charts, Art and Market Manipulation

You think the manipulators are looking at the same charts as you and know when to turn things on the head and shoulders pattern. this week was the worst for manipulation I have seen yet as there was no rational basis for the extent of the move.

Cramer's Lightning Round - What to Buy on a Housing Turn Around (6/2/09)

Jim cramer is part of the goldman group. so he has been conditioned to tell you to stay away from something when he wants to take a position, then tell you to buy when you should be selling. that way you may get the chump change profits and the players keep the rest.

Break Up the Big Banks

You need to do way more reading on the current situation before you write.
1) they are paying back tarp because of pay restrictions. that way they can loot again and not have to worry that it will be clawed back
2) the government has designed the system so they can pay it back. great, I'm getting back the money I gave to them via AIG at 100 cents on the dollar. By the way, now that Liddy has done what he needs to do (pay off the banks), get out of oversight, and the money funnel is cut off he has resigned
3)rigging mark to market has added billions to balance sheets
4) rigged stress tests. (citi, you need 30 billion. citi: your wrong we need 5. govt:Ok you need five
5) quant easing and not interest rates allowing even an idiot to make money on the interest spread
6)talf we pay them at no interest to get interest on their toxic crap. We make sure it will be over paid for in the market
the conclusion they are paying back a fraction of what we have given them in order to do harm again and make sure they get paid. we have designed to system so they can pay it back and it makes them look good. give me a break

are you aware ken lewis sent someone to merrill to lower the asset values of their securities than went and demanded more money to go through the deal.

Give me a break, you really need to wake up a bit more as to what is going on around you. stop believeing all the government wants you to. Sheep are led to the slaughter, and our government wants us to be sheep.

As for the tax payer being fully restored. how about putting in my account the interest i am loosing to provide low interest to the banks, pay me for the future inflation we have to generate to pay off the banks. pay me the amount my dollar looses to the euro because of quant easing. when you do that we can start to talk about being restored.

You think you're pissed off. If it was open season on bankers and people knew they wouldn't get thrown in jail you'd be hunted down and the mob would actually get the revenge it deserves.




On May 21 06:27 AM pissedoffbanker wrote:

> Dude, most of the firms rushing to pay back TARP (most, not all)
> were forced to take the money. Just a few actually desperately needed
> it. And oh by the way, they're paying punitive interest rates on
> it, so the taxpayer is indeed profiting from this. And once the TARP
> funds are paid back, the taxpayer has been fully restored! By the
> way, the taxpayer got lots of benefits back when they were playing
> the real estate markets (granted, alongside with the banks), so quit
> trying to blame this ALL on the banks. Everybody should share the
> blame on this one, buddy.

Wall Street Breakfast: Must-Know News

Note, the trustees of AIG are picked by NY fed whcih has the ability to fire and over rule them. expect aig to behavie in way best for bankers not taxpayers. the AIG sham continues.

AIG Names Six for Board as Trustees Assert Control (Update2)
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By Hugh Son

May 19 (Bloomberg) -- American International Group Inc., the insurer bailed out by the U.S., named six new director candidates in the first nominations since the trustees managing the government stake vowed to overhaul the board.

The candidates are Harvey Golub, Laurette Koellner, Christopher Lynch, Arthur Martinez, Steve Miller and Douglas Steenland, New York-based AIG said today in a statement.

The trustees, named in January, are under pressure to turn around the money-losing insurer after the bailout was expanded to as much as $182.5 billion. The trustees told Congress last week that they’d selected five executives to join the board and that AIG will nominate one new member.

“The board needs to move very quickly to re-establish the credibility of AIG’s management team,” said Phillip Phan, professor of management at the Johns Hopkins Carey Business School in Baltimore, in an interview before the announcement.

The insurer’s current board worked with the trustees in picking the candidates, Chief Executive Officer and Chairman Edward Liddy said today in the statement. AIG’s annual meeting will be held on June 30, the insurer said today. It was previously scheduled for May 13.

The names of all the candidates excluding Koellner, 54, a former president at Boeing Co., were reported last week.

Miller, 67, is chairman of Delphi Corp. and a former chief financial officer of Chrysler Corp. Steenland, 57, is the ex- Northwest Airlines CEO. Lynch, 51, is a retired partner at consulting firm KPMG International.

Golub, Martinez

Golub, 70, was CEO of American Express Co. from 1993 to 2001. Martinez, 69, was CEO of Sears Roebuck & Co. from 1995 until 2000.

“The new candidates have extensive experience with large complex organizations and in the areas of financial services, accounting and restructuring,” Liddy said in the statement.

The trustees, appointed by the Federal Reserve Bank of New York, are Jill Considine, former chairman of the Depository Trust & Clearing Corp.; Chester Feldberg, former chairman of Barclays Americas, and Douglas Foshee, chief executive officer of natural gas producer El Paso Corp.

The director candidates will be listed in an AIG proxy to be issued this month, Foshee told lawmakers last week in prepared testimony. The board will have nine new directors including Liddy, Suzanne Nora Johnson and Dennis Dammerman, each appointed in the past year, he said.

Fresh Start

“If AIG is to succeed, it needs a fresh start -- a reset, if you will,” Foshee said at the May 13 hearing.

The trustees wield the government’s 77.9 percent stake in AIG and control votes on board members, asset sales, mergers and selection of top executives, according to a regulatory filing.

The overseers will vote in a way that “maximizes shareholder value” said Peter Bakstansky, a spokesman for the panel, in an April 6 interview.

AIG directors Virginia Rometty, Michael Sutton and Edmund Tse have said they are stepping down from the board. Stephen Bollenbach, appointed last year as lead independent director, won’t stand for re-election at the annual meeting, said a person familiar with the situation. The person asked not to be identified because AIG hadn’t announced Bollenbach’s plans.

A voice mail left for Bollenbach wasn’t immediately returned.

AIG was first rescued in September with an $85 billion credit line after a liquidity squeeze caused by credit-default swaps the insurer sold to banks. The company agreed in September to hand over a controlling stake to the U.S. and to replace Robert Willumstad as chairman and CEO. Liddy was picked by then- Treasury Secretary Henry Paulson.

The insurer’s bailout expanded to $122.8 billion, $152.5 billion and then $182.5 billion as the government sought to prevent losses at banks that did business with AIG. The company said it owes about $46 billion of a $60 billion Federal Reserve credit line as of last week.

To contact the reporter on this story: Hugh Son in New York at [e-mail]

Preview from Europe: Another Bumpy Day for Stocks

good point.verify before trust.


On Apr 24 08:12 AM Freya wrote:

> The China report, while correct is a red herring.
>
> They now hold over 1,000 tons, this is over twice as much as they
> held in 2003, they have accumulated about 600 tons over 5 years.
> They have done so quietly without making waves.
>
> It seems like everyone and their mother's uncle is spreading rumors.

Preview from Europe: Another Bumpy Day for Stocks

If you were china wouldn't you be looking at anything other than dollars to buy. I'd be using my cash for materials too instead of t-bills if I had the choice.

Financial Credit Default Swap Prices

That only means we aren't giving them enough tax payer money. do that and they can't default. :-) . Oh, wait aren't we doing that already.

Financials Watch: AIG Brouhaha Distracts from Other Improprieties

I urge you to write the white house, congress, etc about this. they actually appear to understand when they fear they won't be elected again. I have been on every board the entire weekend posting much of exactly the same thing. This will never be stopped unless enough people wake up and get the fear of god into congress. Our only protection against lobby money is in numbers. Let your voice be heard.