IP Daily

Coming Soon: The $600 Trillion Derivatives Emergency Meeting

Unfortunately TaxConsultant, your legal argument will have no basis and thus no legal standing because the unwinding had begun. Lehman is already on the hook for 300 billion of these financially deadly instruments. AIG's exposure still is unknown. That is why rthe gummint covered AIG and NOT Lehman. The die has been cast. The marks have been set. That's the reality.

Also note that GM has 1 trillion against it for it's bonds on a derivative contract. GM doesn't even have that amount in bonds. It is a bet in GM's default. Why do think the auto industry asked for 25 billion in gummint gimme's ?

Wall Street Week: Someone to Believe In

Do Anything ?..Geezus..Since when do I want to turn to something ( the Gov't ) who we all know has lied, cheated and deceived us.

As for Mr. Buffet, if it isn't clear to you that he is actually doing the best thing by continuing to trade and buy privately and thereby leading the way, I don't what to say to you.

Oh wait, I do. Perhaps you should learn that economies are not built on massive debt, to which tax payers are asked to pay the tab for others lunacy.

Economic Outlook: Is It Safe?

Again Mr.Quinn hits the right marks, when he implies that allocation of resources ( i.e money ) has either a beneficial or negative effect.

In this case it is negative because the economic forces in play now have stated that you cannot have both increase in supply and demand with the allocation of resources in hand ( money ), without having a negative impact, in this case, on price or valuations. Thus, the additional expenditure of $ 700 billion has been allocated for an investment that will NOT increase production ( investment ) and thereby, demand.

This means a smaller savings pool with which to invest because YOUR dollars will be allocated to funding this horse manure through higher taxes, prices and thus even less demand. This $ 700 billion is a distortion and runs counter to Laws of Supply and Demand.

We have played with the Laws of the Universe and now, we will pay. Dearly.

Looking Back at Lehman: Lying, Scapegoating and a General Lack of Accountability

So Past Tense fully endorses Lehman deception, opaque balance sheets and outright lying by Fuld and the executives. I was wondering if past tense is Fuld himself. After all, his name is "past tense ", too.

Oh btw..I believe I've developed some new " slang "...like "Go Fuld yourself " or "You are so full of Lehman, you're eyes are brown."

BTW PT, it's pretty clear that Lehman was not in fact transparent at all...thus the short run. Fuld needed to be more forthcoming with a plan to deal with this . Period.

These guys lied, manipulated and lost a lot of people a lot of money.

IBM: Lessons from the Great Depression

I think the advice or at least the underlying advice is this. We are Americans. We have a natural problem solving, can - do spirit.
And, that if we continue to depend on the government to handle this situation, we won't get a thing accomplished.

Bite the bullet. Take a hard look. And stop voting these virtual dumbasses into office. All of them. Get rid of them. Get involved.
Quit allowing these a$$holes to distort and dash our hopes and dreams.

A person without hopes or dreams is dead.

Take back what IS our birth right.

Just Do It !

Bailout Be Damned

So Jim. it was a good thing that the market lost over $ 1 trillion on Monday ?

The Real Reason Lawmakers Are Rushing Out a Bailout Plan

How in the name of common sense can you just " make-up " monetizing mark to maturity debt ? I want see what happens when some one tries to collect on that one.

Republicans: Stop Holding the Bailout Hostage to Political Agendas

sieraromero is typical of political party cheerleaders, as it offers NO solutions, just political tirades. I will submit that BOTH parties are corrupt and I am presuming that ALL members of our Congress and Senate are corrupt OR have compromised their fundamental principles and standards.

Clearly, when a Fed Chairman and Treasury Secretary and the the President say the economy is fine three weeks before disaster strikes shows, incompetence, lack of understanding and just good old lying.

Mr. Thoma, I won't disrespect you here on your forum. However, while I don't agree with your headline, I certainly don't agree with ANY of the solutions suggested by either party. I ESPECIALLY don't like ANYTHING about Paulsons plan. It does not give the details to the very source of the proposed funding ( taxpayers ) and in fact he wants to be indemnified if he screws up.

WHAT KIND OF F%$**#@ plan is that ? It's not a plan, it's EXTORTION, pure and simple.

My plan is this.

Fund gov't efforts to seperate CDO's, CMO's ( which are wortless anyhow ) and seperate the mortgages that are the underllying collateral.

Then, go through each mortgage that is not performing and find a way if possible to get them to perform through a " new " mort gage with a stringent process to qualify the mortgage holder again, THE RIGHT WAY.

In addition, the executives who received BILLIONS in executive bonuses for mortgages they knew were BOGUS, should have all of that pay re-claimed for off setting the cost of what would be an obviously massive undertaking, BUT, neccessary.

Realistic costs for such a program should be established as much as is practical and presented to the TAXPAYERS who will ultimately foot some part of the bar tab, as it were.

The taxpayers should firmly establish through their elected officials if this is acceptable. The gov't has proven they are corrupt, unaccountable, deceitful and incapable. ONLY John Q. Public can hold them accountable through our votes in five weeks.

I can assure you, that while I have voted almost straight Republican in past elections, NOT one of them will garner my vote this year or any other year. AND, neither will the Democrats.

BUT, I guarantee I will vote.

On Board the 'U.S.S. Titanic'

Ummm...Ken D ? His was an arithmatical mistake, not mathmatical. You'd be wise to learn that distinction.

On Board the 'U.S.S. Titanic'

Not only have you once again written an excellent article, but you have also written a case to eradicate the social/financial conventions of the Federal Reserve, fractional banking and a political structure so perverse that we now must look once again to our constitution for relief from these vices of Capitalism that are destroying not only our financial system, or our Freedoms guaranteed by the Constitution, but the very structure on which these conventions were originally based.

~ The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. ~
Sir Winston Churchill

Is Wachovia the Worst Run Bank in America?

LMAO @ JQ is garbage....you obviously know nothing of balance sheets and cash flow. Hard to figure how a bank with 122 billion of non -performing loans that are currently non- FASB 157 will ever survive

C'mon back when you get a clue, JQIG !!

Paulson's Testimony: Is He For Real?

And no, Paulson is NOT for real. He is trying to duck and cover. This is all cronyism. Congress has been feeding at the trough of money for campaign funds from these so called " "Investmetn banking experts".

And OH, BTW, did you know that whatever contributions a Congressman or Senator gets, and whatever money is leftover after " campaign spending ", he gets to keep ?

< sniff ...sniff > smells bad in Washington.

Paulson's Testimony: Is He For Real?

Umm...David...the banks are under capitalized BECAUSE of the over leveraging and also the fact that they " invented " these "secutirized debts " based on bad assumptions. And David D., most of these banks bought in...so if YOU think that the $ 700 billion is going to rectify this situation..I am sorry , Sir, but you would be sadly mistaken.

In the Midst of an Extreme Black Swan (Part I)

It is reasonable to infer that by the common thread of the comments above that, The " Administration ", Mssrs. Paulson, Brenanke and Cox among others knew that all of this was imprudent and that " Black Swans" could be devastating.

All of what has happened are more than just financial losses, it amounts to premeditated criminal acts and complete negligence with the intent to de-fraud investors, voters and the American people.

Preserving U.S. Economy Over Free Markets (Short Sellers)

To say that short selling is not based on fundamentals and technicals, consider the fact that a/ Congres wouldn't be asked for $700 billion to bail worthless mortgage chattel.( If F & T weren't imporatnt there would be no need to ask AND there would be fewer short sellers in financials.) b/ That numerous stocks are shorted ( like GM and in effect telling the mamangement to " get real ". Dovetail GM'spredicament against their credit defaults of $ 1 trillion. LMAO, GM does not even have a market cap anywhere near that AND the bonds can't cover the one trillion. ( Can you say KABOOM , GM ? ) Or WaMus INFAMOUS AAA mortgage pools rife with defaults. LMFAO. Liars.


And BTW, this is happening elsewhere too. This financial system is full of rot starting with rating agencies. Don't blame short sellers just because they can draw a straight line with a pencil. The mortgage crises is a Sunday school compared to credit derivatives disater that looms. Creit derivatives currently stand at 45- 62 TRILLION. Think the government can hide the worthless paper behind it forever ?..LMAO...we'll see.

What Christopher " I Like" Cox has done is strictly temporary and a diversion to your collective attentions. The market will flush losers and there is no need to ban short sales. Thus, Mr Cox's orders will have temporary effects.