Seeking Alpha

Jim Myrtle

Jim Myrtle
Send Message
View as an RSS Feed
View Jim Myrtle's Comments BY TICKER:
Latest  |  Highest rated
  • Big Banks' $76 Billion Per Year Federal Subsidy And What We Need To Do About It [View article]
    Reread the article. The banks did not receive a check from the government.

    Any luck proving your claim about the government buying junk debt from the banks? Or do you need a few more months?
    Jul 6, 2012. 05:58 PM | Likes Like |Link to Comment
  • Big Banks' $76 Billion Per Year Federal Subsidy And What We Need To Do About It [View article]
    "The banks are receiving welfare checks of $78 billion per year from the Treasury (taxpayers) to do what?"

    No, they are not receiving taxpayer money.
    Jul 5, 2012. 09:10 PM | 1 Like Like |Link to Comment
  • First Steps Toward A European Banking Union [View article]
    "And um the Fed didn't buy $1 trillion in mortgage assets at $1.00 that were worth $0.40, and sweep them under the rug at the Fed?"

    The Fed only bought guaranteed mortgages.
    And they're trading over par.
    Jul 2, 2012. 11:04 PM | 2 Likes Like |Link to Comment
  • First Steps Toward A European Banking Union [View article]
    "I don't smoke or drink, Jim."

    Trying to find the reason you're unable to provide proof for your claim.

    "Defend the status quo to the death! Defend the thieves!"

    Build a new strawman, it's easier than admitting you were wrong.
    Jul 1, 2012. 01:42 PM | Likes Like |Link to Comment
  • First Steps Toward A European Banking Union [View article]
    Don't let that strawman tip over and squish you....
    Jun 30, 2012. 04:27 PM | Likes Like |Link to Comment
  • First Steps Toward A European Banking Union [View article]
    Any luck with your junk claim?
    Too busy smoking?
    Jun 30, 2012. 04:26 PM | Likes Like |Link to Comment
  • First Steps Toward A European Banking Union [View article]
    "The Fed allows banks to borrow at 0.25%; they then redeposit with the Fed and earn 2.25% (roughly) and these are termed Excess Reserves"

    Ummmmm....banks can borrow from the Fed at 0.75%, not 0.25%.
    And the Fed pays 0.25% on excess reserves, not 2.25%.
    What is math like on your planet? LOL!
    Jun 30, 2012. 04:26 PM | 4 Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    "$947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet"

    Yeah, those guaranteed mortgages that they bought at lower prices are just awful. LOL!

    Thanks for trying.....and failing.
    Jun 29, 2012. 11:18 AM | Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    It'd be quicker if you just admitted your error.
    Jun 29, 2012. 10:31 AM | Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    The Fed bought guaranteed bonds.
    Treasuries and agencies.
    Jun 29, 2012. 10:31 AM | 1 Like Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    I'd have more fun if you actually posted your proof.
    I guess I'll be disappointed......

    "No rational person will claim that there was no purchase of toxic loans by the government from the banks"

    There was no purchase of toxic loans by the government from the banks.
    Jun 29, 2012. 08:46 AM | 2 Likes Like |Link to Comment
  • Bernanke: We Must Be 'Humble' [View article]
    "The key point is that the whole portfolio is marked-to-fantasy, so we really know what the underlying value is, if it is going down or up"

    The Fed's portfolio is marked to fantasy? LOL!
    They've been buying guaranteed bonds for years, as rates have steadily declined. You imagine they have unrealized losses? LOL!
    That's funny, even for you.

    "No rational person will claim that there was no purchase of toxic loans by the government from the banks"

    Which toxic loans? Spell it out.

    It's been nearly 2 months since you made your claim.
    You need a couple more months to post your proof?
    Jun 28, 2012. 02:50 PM | Likes Like |Link to Comment
  • The U.S. Banking System: Weak, Yet Still Supplying Europe [View article]
    "The FED is not a government agency but a private cartel of bankers"

    Than why do they turn over much, much more to the Treasury than to the "private owners"?
    Jun 25, 2012. 02:20 AM | 2 Likes Like |Link to Comment
  • The U.S. Banking System: Weak, Yet Still Supplying Europe [View article]
    " Not to worry, the FED has been supplying them with fresh supplies of funny money at zero interest"

    Zero interest?
    You must be confused. Borrowings at the discount window currently cost 0.75%. You think they're borrowing a lot at 0.75%?

    "Sounds like a pretty good deal, huh?"

    Hey, don't bogart that joint.
    Jun 24, 2012. 06:57 PM | Likes Like |Link to Comment
  • The U.S. Banking System: Weak, Yet Still Supplying Europe [View article]
    "All the large banks are essentially bankrupt without taxpayer support."

    How are they currently supported by the taxpayer?
    What is your definition of bankrupt?

    "The real crime is they are all walking around after blowing a $16 Trillion hole in our collective balance sheet"

    Banks did that? Or was it the politicians that you want to take over?

    "How can we trade as rational people when the morons create new irrational unsustainable environments almost every day?"

    I agree, our politicians need to stop.
    Jun 24, 2012. 03:23 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
1,138 Comments
790 Likes