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  • Big Bank Perfect Trading Quarters: The Real Story [View article]
    "People have a right to be angry about these earnings -but not because of banks manipulating equity markets - but because the Fed is feeding them with free money and asset price support." and "...the point is that inciting people to ignorantly scream and yell about the wrong thing does nothing except guarantee that the real problem won't get recognized and solved." => Kid Dynamite

    Fantastic Root Cause Analysis !!!

    Treat The Disease Not The Symptoms.

    Yes, The Federal Reserve Is "Back Door Recapitalizing The Banks".

    If they are "Too Quick In Their Insurmountable Task" the populous may catch on.

    Informing and Educating Is The Only Way To "Stick It In The Eye Of The Giant"; Rational And Reason, Coupled With A Temperate Delivery, Alters Minds.

    Thank You For Adding To The "Information Stream" Kid Dynamite.
    May 14, 2010. 03:07 AM | 1 Like Like |Link to Comment
  • Dripping With Irony [View instapost]
    Economic Disconnect => I Whole Heartedly Concur => WTF ?!?!?!

    There Will Be Much Fanfare From The "Lame Stream Media" For The "Financial REARRANGEMENT Act" Of 2010.

    Unfortunately => Government FAIL => New Governmental Bureaucracy => New Shuffle Of Duties => Reduction In Effectiveness.
    May 14, 2010. 02:28 AM | Likes Like |Link to Comment
  • More Investigations on Wall Street [View article]
    I would counter the "Republican" claim with, "The Money Party" is responsible.

    Evil Is Not So Easily Contained Within Party Labels.

    I do not see much difference in "Action And Event" from EITHER Party when in power.
    May 13, 2010. 06:13 PM | 1 Like Like |Link to Comment
  • Is the U.S. Like Greece? [View article]
    I guess I missed that the Federal Reserve stopped "DIRECTLY" buying US Treasuries in October 2009.

    Minutes of the Federal Open Market Committee August 11-12, 2009 => "They generally were of the view that gradually slowing the pace of the Committee's purchases of $300 billion of Treasury securities and extending their completion to the end of October could help promote a smooth transition in markets."

    I guess they had to move the operation "Behind The Curtain" with "Indirect liquidity".

    The Time Will Come Again When This "Open Purchase Program" Will Be Revived.
    May 13, 2010. 05:34 PM | 2 Likes Like |Link to Comment
  • Greek Bailout: The Cost of Letting a Crisis Happen [View article]
    He He He => Oh Dang !!!
    May 13, 2010. 05:25 AM | Likes Like |Link to Comment
  • Is the U.S. Like Greece? [View article]
    Last I checked, the "Sovereigns" were reducing their US Treasury Bond holdings, and the Federal Reserve was "Making Sure The Auctions Did Not Fail", by mopping up the remaining supply.

    Has this stopped ???
    May 13, 2010. 05:22 AM | 5 Likes Like |Link to Comment
  • Is the U.S. Like Greece? [View article]
    "Maybe if we didn't concentrate so much power in Washington DC we would (not) have all these lobbyist, etc... " => johngonole

    AMEN !!!
    Hallelujah !!!
    May 13, 2010. 05:18 AM | 2 Likes Like |Link to Comment
  • Economic 'Experts' - Mindless and Clueless [View article]
    If one does not live in the "Producing Economy" the Gage of reality can be weak.

    Most of these "Clowns" are interpreting "Stats", while "Sitting In The Ivory Tower", that are mostly fabricated and skewed by the "Shenanigans Of Accounting".

    Double Dip Definitely => When ???; How Long Until "Trillion" Is Not Shocking Anymore ??? How Long Until Anger Boils At The "Personal Cost Of Bailouts" ???

    A "Jobless Recovery" Is An Asinine Concept.

    Some AZ stats printed in the May 12, 2010 Mesa Independent, (a very small publication) relating to an interview with DES communications director, Steve Messier:

    Department Of Economic Security (AZ Unemployment):
    December 2008 => 26,000 to 28,000 per MONTH rate of claims.
    Week of May 1, 2010 => 189,000 per WEEK rate of claims.

    Things Are Not Well.
    May 13, 2010. 05:09 AM | 6 Likes Like |Link to Comment
  • Stat of the Day: California in Top Ten for Highest Government Default Probabilities - Globally [View article]
    I am wondering if a "State" could default without the "Country" defaulting as well ???

    Not to worry; since the US has been "Back Door" Bailing out Europe for some time, and is "Front Door" Bailing out Europe now; if they did not "Bailout" within their own boarders the populous would FREAK.

    Another Sip Of The Magic Money Fountain Please; Fictitious Money Is Fun. (snark)
    May 13, 2010. 04:38 AM | 1 Like Like |Link to Comment
  • $700 Billion...$1 Trillion...What's It Really For? [View article]
    "In the case of TARP, the plan to buy toxic assets in the US, there was always an understanding that some of the purchases would constitute a transfer to the financial institutions holding those assets but there was a lot of uncertainty about its financial amount. Today's estimates are more optimistic than some of the earlier ones with a total cost somewhere around $90 billion." => Antonio Fatas

    The "Treasury Assisted Rip-off Plan" is not over. TARP will lose Most, If Not All, of its allocated funds. Yet, we will not be made aware of the results until AFTER ELECTIONS TAKE PLACE. (convenient timing for maximum memory fade)

    Estimates are just that => Estimates. With as little information as is available; the margin for error is Enormous.

    As A Gage => Study the handling of the "Savings and Loan Debacle"; similar situation on a now small scale. The "Estimated Costs" were EXCEEDED by many orders of magnitude. (Heck, there was even relative transparency while the whole thing played out; Very Unlike Today.)

    Level 3 Assets will be the Downfall of Many Nations, by Direct and Indirect Means.
    May 13, 2010. 04:25 AM | 5 Likes Like |Link to Comment
  • Nassim Taleb Didn't Cause the Crash [View article]
    The Big Firms "Harvest The Small" by being both "Bane and Savior". Being On Both Sides Of The Trade Makes This Possible.

    How Does The Presidents Working Group On Financial Markets Carry Out Their Mandate => Who Is Their Proxy ??? What Firms Have Had "Near Perfect Quarters" In The "Volatile Markets" ??? Conflict Of Interest ???

    Wouldn't Want To Incriminate The Man Behind The Curtain; Best To Stay Mum On The Subject.

    Be Wary Of The Behemoth Beasts In The Market, the small can be crushed by their "Movements".
    May 13, 2010. 03:49 AM | Likes Like |Link to Comment
  • Nassim Taleb Didn't Cause the Crash [View article]
    Sometimes Conspiracies Are True.

    I find the timing odd, in that it came just enough time before the "Audit The Fed" amendments came up to vote in the senate => to allow for contemplation.

    This "Timing" alone is trivial. However, Coupled with the previous "Behavior" displayed with the TARP debate, the "Martial Law" threats that Some In Congress Received, and with the "Present Situation" being very similar in "Catastrophic Valuation"; it becomes a bit more plausible.

    I am not sure that we will be "Allowed" to find out; no mater the benign or fantastic reality. There is already tenuous "Trust" in the markets.

    Nothing To See Here; Move Along.
    May 13, 2010. 03:37 AM | 2 Likes Like |Link to Comment
  • The Myth of One Bad Trade [View article]
    Que Bono and Follow The Money Always Applies.
    May 13, 2010. 03:17 AM | Likes Like |Link to Comment
  • The Myth of One Bad Trade [View article]
    That Is A Good Visual Representation One Eyed Guide.

    Ripples In The System; The "Pool" Seems To Be More Like A "Puddle".

    The "Strong Arm For Gutting The Audit The Fed Bill" seems more plausible the more I observe. Notice 97-0 vote for the "Gutted Sanders Amendment", The One The Fed "Supports". 62 Nay to 37 Yea for the "Vitter Amendment" => Ron Paul Language. I find this odd since it recently had more support in the senate.

    Crash The Market, Return It To "Seeming Functionality", Press Release "Fat Finger/Magic Bullet Trading" Plausibility, Explain to Congress That They Will Have "Greece" In Their Home Towns "If They Do Not Vote Correctly", Unanimous for Weak - Only one third for Strong.

    Remember The "Martial Law" Threats During The TARP Deliberations ???

    Ron Paul Audit The Fed Amendment Vote Tally

    Better Hope The House Can Get The Ron Paul Language Back In Before This Is All Done; We Need Some "Leveling Of The Field".
    May 13, 2010. 03:13 AM | Likes Like |Link to Comment
  • The Fannie-Freddie Housing Subsidy [View article]
    ... and the band played on.
    May 12, 2010. 08:07 PM | 2 Likes Like |Link to Comment