j-dub

TARP: Not Perfect, But a Major Success

Wasn't the major purpose of TARP to remove the toxic assets on the banks balance sheets in order to free up capital so more normalized lending could continue?

A huge success based on those goals?
Hmmmmmmm

At least the Goldman Sachs of the world have had record years in certain areas like bonuses and hubris. So at least we've got that going for us.......................

You are young like me Jacob, however I am certain (in my opinion :) ) we've done nothing but rearrange the deck chairs on the titanic. Things seem dramatically different because of accounting fraud and MSM deception.

Ben Bernanke Pleads for His Job; My Response to Bernanke

Ode to Ben

There once was a man named Bernanke.
A Wall Street whore and government lackey.
To the Federal Reserve chair he rose.
The events surrounding the Great Depression, he knows.
Still, wrong time after time.
Someone throw him a line.
A complete failure, back to Princeton, he goes.

Is Dubai's Default a Black Swan Event?

Like it or not, I am going to answer this question in a over simplified manner. I do not believe this is a black swan event. Oh no. Lehman and Bear was, this isn't.
What you had was a world wide gorge on easy money and government guarentees. The problem is that all governments, no matter how powerful, can not stand up to free markets. They can only cover up so many cracks with glue until the entire dam comes apart. That is the economy.

Picture our markets now.
Picture a pyrex glass sphere balanced on the pointed edge of a 6 foot samarai sword. Even though the men standing around the sword are telling you how stable this all appears, you have your own eyes and your own wits and can judge for yourself. Pretty easy to see it'll only take a light breeze to bring the whole thing crashing down.

Dubai a Black swan?
Oh no-just a light breeze. But that's really all that's needed.
One more thing - it doesn't matter how many more glass spheres are put atop 6 foot samarai swords. I don't see the wind letting up any time soon................

The Financial Crisis: Nowhere Near Over

So the bank rally built on 3 parts fantasy, 4 parts accounting fraud, 2 parts hope and 1 part greater fool theory operating like I have never seen has been a hoax?
NO WAY

Well, on the small chance it has been, I'm sure our fed, treasury and executive branch has a plan B.

On the plus side, at least GM only lost 1.2 billion dollars during the cash for clunkers quarter and "that's a good thing."

THIS IS ONE HELL OF A BEAR MARKET RALLY

One Year Since the Banking System Collapsed. Has Anything Really Changed?

Three BIG changes

1) Wall Street is not only pretending the crisis is mostly over, but some are acting like it never even happened.

2) The PPT is organized and functioning in full effect

3) The MSM is now on board and ever so loyal to the extend and pretend processes that seem to be permanently in place.
``Cash for clunkers is a huge success``

Ray,
These 3 processes were not occurring last year.

Thank goodness, we as a nation, had the courage and tenacity to institute these much needed changes.

Has President Obama's Mortgage Modification Plan Failed?

INCORRECT, TOMOS

His initial attempt to trick the American people into believeing that he would not be a total failure had succeeded.
HE WON THE ELECTION!!!!!


On Aug 20 09:35 PM Tomos wrote:

> Everything Obama has put his hands on has failed.

Geithner's Outburst Was Misdirected; Read the Riot Act to Bankers Instead

I would never raise my voice to my bosses..................