Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"the fed threw the banks a bone by letting them borrow at 25 basis points and turning around and lending the money to the government and making 100 to 200 basis points. why should the banks get that deal"
Banks don't get that deal, the Fed doesn't loan to them at 25 basis points.
"I want in too. there was no risk in that event"
No risk in borrowing overnight to finance long term bond holdings? Are you sure?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
You're the one whining about selling MBS to pension funds and then shorting them. Why whine if it can't be done?
Take some time, study and then get back to me.
I'll be glad to point out your errors.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"What kind of loans are you talking about? I am talking about MBS"
Yeah, how do you short an MBS?
" It's funny that was your 666th comment"
There's no bad number when I'm educating people on SA.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
"Jim are you familiar with Goldman Sachs? Shorted them?"
Now you want to discuss synthetic MBS?
Great, what do you need to know?
It's obvious you don't know much.
I'll be glad to help.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Great, they're both scumbags, charge them and convict them.
"I think bankers who made awful loans, packaged them, got them rated as triple A"
Banks don't rate bonds.
"had them sold to pension funds...and then shorted them...should probably face some consequenses"
Shorted them? Please explain further.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
You seem to think that bankers who made bad loans should be jailed.
Or did I misinterpret your stance?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Wrecked credit? Why aren't they in jail?
" Can you show me anywhere where they faced any consequences for their actions?"
Consequences? LOL!
Dick Fuld lost in the 9 figures. Jimmy Cayne lost a billion.
Consequences? Get a dictionary.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
The bailout did not cost the government a dime, how is that a gift?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Yeah, your thoughts are wrong all over the place.
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Ummmm, the stock is down 80% from the high. Didn't those people lose money?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Jail? LOL!
When are mortgage defaulters going to jail?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
Banks don't get that deal, the Fed doesn't loan to them at 25 basis points.
"I want in too. there was no risk in that event"
No risk in borrowing overnight to finance long term bond holdings?
Are you sure?
Is The Fed's QE3 Liquidity Finally Starting To Flow? [View article]
http://bit.ly/Xqa4nl
I love that video. When you deposit your paycheck in the bank, who gets the money?
The Scourge Of Central Banking [View article]
Changed midstream? Rates on Treasuries have been coming down for 30 years.
"Fixed income AAA USTs were once purchased to 'finance' gov't expenditures - with a reward for the investment"
How long ago did you buy yours?