ironpants

Three Card Monte and the Feigned Outrage Against AIG

"But, if firms and hedge funds that are being celebrated as financial heroes because they “shorted” sub-prime mortgages by buying swaps and drove premiums upward for collection without actually owning any of the original risk through debt issuance, how is that legitimate?"

Excellent point.

Einhorn to jail, now!

Jim Rogers: It's Better To Let Financials Fail

Oh yes, I forgot.
Let's also prepare for war while we're at it as I don't think other nations will appreciate a unilateral decision on our part to cancel out their investments in our banks.

Jim Rogers: It's Better To Let Financials Fail

Yes, lets just have total destruction of the country and its financials so a handful of treasonous short-sellers can enjoy a nice life.

Fixing the Economic Crisis in Six Easy Steps

Pt 1 - how original.

Want to fix the mess?...

From Motley Fool:

Specific Changes Needed to Fix the Financial Markets and the Economy

The following policy and regulatory changes that Christopher Cox, the SEC, and other regulatory agencies made and implemented from 2004 through 2007 need to be reversed after January 20th, 2009 or immediately. These policy and regulatory changes have destroyed the integrity and reliability of and confidence in our financial markets. The money sitting on the sidelines (approximately $13 trillion) in Money Market and Cash Accounts will not be re-invested back into the markets until these changes have been reversed and the proposed changes below implemented. I am recommending that all of the following policy and regulatory changes be made and implemented immediately by the new Administration:

1. The "Uptick Rule" on all securities (i.e., equities, ETFs, options, futures, and commodities) needs to be reinstated and implemented on all domestic and global exchanges and financial markets. Without the “Uptick Rule” in place, it creates an unfair and imbalanced playing field that favors the short sellers. This gives short sellers the ability to drive stock prices down to nothing. The exchanges are just as guilty and responsible for this problem as all others. The markets/exchanges were not meant to be casinos. New laws, oversight, regulation, and technology needs to be implemented and changed in order to solve these serious problems and abuses and restore integrity and order back to the markets. Get the "Uptick Rule" back in place and the markets will stop crashing. This one item is destroying good, healthy corporations.

2. The new SEC Chairwoman, Mary Schapiro needs to dump or get rid of the Mark-to-market accounting rule now. At the worst possible moment we as a nation chose to alter the way financial assets were evaluated -- through something called FAS 157. We required financial institutions to mark holdings to forced trades in illiquid assets -- mark-to-market accounting. The most powerful critic of this approach was William Isaac, the former head of the FDIC. His viewpoint is that the entire financial crisis -- the destruction of major financial firms, the huge bailouts, the destruction of retirement accounts, and the socialization of private companies -- all could have been avoided with a more measured approach to the needed reduction in leverage. This rule could have been changed by Christopher Cox, Hank Paulson, Ben Bernanke, or even by the president.

3. The SEC under Christopher Cox’s tenure and the exchanges relaxed the dynamic circuit breaker thresholds on all major securities, options, and futures exchanges to levels that are too high and therefore ineffective under current market conditions and volatility levels. The current three dynamic circuit breaker thresholds of Level One (10%), Level Two (20%), and Level Three (30%) should be reversed and reset back to the previous circuit breaker thresholds of Level One (2.5%), Level Two (5%), and Level Three (10%) for all exchanges and markets.

4. All ETFs should have the same SEC/FINRA/CFTC/NYSE/NA... reporting, filing, and regulatory requirements as Mutual Funds. ETFs will need to comply with all of the Rules and Regulations of the Investment Company Act(s) of 1933, 1940, and all their later amendments.

5. All ETFs should be converted back to Closed-End Funds. This means that you can no longer buy/sell/write options, derivatives, and/or short sales on ETFs.

6. All Ultra Short ETFs should be abolished or banned. These products do not perform as specified and their claims are fraudulent. They promote negative price fluctuations and volatility on the underlying securities and indices and perpetuate a disorderly and unreliable marketplace.

Developing Bombshell: AIG Preparing for Possible Bankruptcy Ahead of $60 Billion Loss

Nice photo.

Too Big to Bail: Lehman Brothers Is the Model for Fixing the Zombie Banks

This guy reminds me of Mr Potato Head, anyone else?

Too Big to Bail: Lehman Brothers Is the Model for Fixing the Zombie Banks

Whalen is obviously one of those captive 'analysts' working on behalf of shorts such as Einhorn, Rocker, etc, and, likely, the Russian mob.

Boesky and Milken are also behind this.

Read about who to distrust and exactly why here:

www.deepcapture.com/

Too Big to Bail: Lehman Brothers Is the Model for Fixing the Zombie Banks

Bragging about being on Tech Ticker with Blodgett...PRICELESS!

Too Big to Bail: Lehman Brothers Is the Model for Fixing the Zombie Banks

Yeah, shortie, let's let David Einhorn naked short them to death.
Wow, naked's won't even have to cover if everyone else is WIPED OUT.
Disloyal folks like you will face a reckoning some day.
Make your few short bucks now while we still have a market/country/world economy.
You're in good company with jailbird Henry Blodget.

America's Insolvent Banks

Another short seller sympathizer.

Geithner Unable to Break with the Past

Bush absolutely let all systems realize maximum entropy.
SEC especially.
Nice job Brownie!

Geithner Unable to Break with the Past

Anticlimactic appearance by Geithner to say the least. Hard to believe the administration had 100 days to get their ducks in a row and all Tim can do is furrow his brow and flap his hands in front of the fossils in congress...

Great Depression Not Imminent, But Inevitable

Einhorn at Greenlight, Loeb, et al, manipulated CDS spreads and sparked a run on the banks.
When will they be held accountable?
When will Cox be arrested?

Paulson's Plan Fails to Understand the Problem; Madoff Is a Perfect Example

Can a member of the general public file a RICO case against the SEC and hedgefunds?

JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties

Can a member of the general public file a RICO case against the SEC and hedgefunds?