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Jim Myrtle

Jim Myrtle
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  • Bernanke: We Must Be 'Humble' [View article]
    "I'm leaning toward making banks like the public utilities."

    Maybe we should make martgage lenders like public utilities?
    We could call them Fannie Mae and Freddie Mac.
    What could go wrong?
    May 3, 2012. 05:36 PM | 4 Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    "Leverage derivative losses become debt when banks fail and when government bails them out with tax revenues and balloon government debt (defiicit)."

    If a bank buys a leveraged derivative, let's say an IBM June 210 call for $266, they "control" over $20,000 worth of stock.

    How is the option in any way "bad debt"?

    You realize that for every loss on a "Leveraged derivative", there is an identical gain? And the gain isn't "bad debt" either.
    May 3, 2012. 05:34 PM | Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    "According to some, America's big five banks have over $200 trillion in bad debt on leveraged derivatives"

    Since when is the "face value" of a derivative considered debt?
    May 2, 2012. 12:12 AM | 3 Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    You brought up hedge funds.
    So now we're not talking about the Fed anymore?
    Okay.
    Apr 23, 2012. 01:34 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    Pretty sure hedge funds don't get retail deposits.
    Apr 22, 2012. 05:53 PM | Likes Like |Link to Comment
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    You can't borrow from the Fed at 0%.
    Current discount window borrowings were $2 million as of 4/18/2012.
    Try again?
    Apr 22, 2012. 11:37 AM | 1 Like Like |Link to Comment
  • QE, Inflation, And The Case For Precious Metals [View article]
    "So if you trust a group of private for profit cartel of foreign bankers to control our monetary system"

    You mean the Fed?

    "you must either work for them or a agent or kin to the family of bankers!"

    Does everyone who understands more than you automatically work for a bank?
    Mar 14, 2012. 10:59 PM | 1 Like Like |Link to Comment
  • QE, Inflation, And The Case For Precious Metals [View article]
    "I think you got it wrong. the banks borrow cheap from the fed and lend to the government and make a spread"

    They borrow from the Fed at 0.75%?
    And use it to buy bonds?
    Which bonds?
    Mar 14, 2012. 10:56 PM | 1 Like Like |Link to Comment
  • Debt: It's Like We're Not Even Trying [View article]
    You were participating? LOL!
    Mar 10, 2012. 06:37 PM | Likes Like |Link to Comment
  • Central Banks Bet The Ranch [View article]
    "They all have a central banking systems controlled directly by the GOVERNMENT and not a private for profit banking cartel like the FED!"

    What does the "private for profit banking cartel" Fed do with their profit?
    Mar 5, 2012. 11:00 AM | Likes Like |Link to Comment
  • The Eurozone Crisis Is Slowly Fading Away [View article]
    "The European Central Bank (ECB) would only have to see its assets fall by around 4% for its capital base to be wiped out"

    Why does a Central Bank even need a capital base?
    Jan 26, 2012. 11:06 PM | Likes Like |Link to Comment
  • Gold: Asset or Bubble? [View article]
    "No mention about HSBC's own sub-investment grade derivatives (along with the over $4 trillion the other top banks own) coming due in the next 5 years with no counterparty to them except the lender of last resort; the Fed"

    What sub-investment grade derivatives are you talking about?

    A derivative with no counterparty? Could you explain further?

    The Fed is the counterparty? How do you figure that?
    Aug 3, 2011. 04:34 PM | 1 Like Like |Link to Comment
  • The Tea Party faction of the House has caved, writes Conor Sen, making passage of the Boehner bill likely. Meanwhile, the Senate will pass the Reid plan, differences between the 2 will be ironed out and a bill signed by the President. Six months from now, this drama will be faint memory.  [View news story]
    9.2%, suck it Obama!
    Jul 28, 2011. 07:39 PM | Likes Like |Link to Comment
  • The Tea Party faction of the House has caved, writes Conor Sen, making passage of the Boehner bill likely. Meanwhile, the Senate will pass the Reid plan, differences between the 2 will be ironed out and a bill signed by the President. Six months from now, this drama will be faint memory.  [View news story]
    Trillions?
    You're not confusing short term loans (repaid) with spending money we'll never get back (Fannie and Freddie), are you?
    Jul 28, 2011. 07:38 PM | Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    When you figure out what a synthetic CDO is, let me know.
    Then we can talk about how longs and shorts work.
    Jul 24, 2011. 12:12 AM | Likes Like |Link to Comment
COMMENTS STATS
1,063 Comments
694 Likes