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Looks good to me. Nothing to see here. Move along... Oh look! an iPad!
iPad bitchez. I'm actually typing this on mine.
I wonder how Tyler feels knowing I visit his site a hundred times a day on an iPad...
100 times a day??? An iPad???
You must be unemployed and at least 90 days delinquent on your mortgage.
Every time you visit, please click on an ad.
TYLER!!! USE FLASH!!!!
That would make Harry Reams blush!
You know, in my twenty five years online, I have never - ever - seen a use of all-caps which I deemed effective and appropriate.
Until you showed up.
The avatar makes it work.
Hope you didn't pay full price. You can get them below retail on ebay. Or used ones by those who bought the hype then figured out they have a fairly useless toy.
I had one for a week and flipped it to Ebay.
It's an ergonomic monster....a la Quasimodo
Hey is that one of the Kardashians?
Alot of people here with a lot of funny/stupid/goofy nicknames, but your's' made me LOL :) thx
red rocket red rocket.
It makes me think someone needs to send BoA either an:
Insufficient Funds Notice
-- or --
Bounced Check Fee(wonder what the fee would be on bouncing such a check?)
You mean, the mark to myth accounting isn't working? Hmmmmm...
So, we can expect the same news from such firms as JPM, WFC, C, GS, etc??
When TARP 2 FAILS to pass Congress, the shit will really hit the fan.
Then when TARP 2 does pass Congress on the 2nd attempt, the stock market will crash just like it did last time.
Tarp II passes 1st Try, post election, in the same manner as the 1st...over our dead bodies.
....to "save the system" and all that.
With all of the yapping Ive done on JPM under reserving and there's still a doubt? Granted, they're better of than BAC...
TARP I passed despite the howls of outrage and specific, "don't pass this bill (TARP)" demands bythe electorate...
Tarp II will pass also...
The Congress and everyone else serves at the pleasure of Wall Street and the TBTF banks.
Count on it.
Thats taking gearing to a new high. But you don,t make money on self insurance
Isn't it likely that BAC and the other banks will just settle with Pimco, et. al. for a fraction of the amount?
I'll light a little candle for it to be so...
HECK, I'LL LIGHT 2 CANDLES!!!
That is not a candle - it is a fuse!
+1 agree - but great fun with pictures Ty!
Do you think Bill Gross will settle for a fraction of what PIMCO is owed?
He might.... buy at 50 cents (or whatever). Would you, (a) settle for 55 cents after a couple months and a little negotiating time, or (b) grind it out in court for a couple years (racking up $$$ in legal) for the hope of getting par.
Not a chance of that happening.
Republicans will pass another TARP as soon as they take over the House.
i think mister demint (and maybe mister paul) over in the senate may have a few things to say about that.
Yes, if the Republicans even think about another bail out they are going to write a very strongly worded letter to John Boehner.
Only if the lame duck dems don't beat them to the punch. Remember both "parties" are eager to serve their banking masters.
I don't believe there is political will for it on either side. People in the know (who understood what was going on...and some that didn't! lol) were pissed we had the first TARP... post Dodd-Frank, people will want the institutions brought down. There is no repeats with this shit, not if you want to keep your seat.
I like Whalen's idea on the subject...
And then they will be gone in two years...
No debate, no hand-wringing trying to get Dems on board... They'll give the Dems and everyone else the middle finger salute as they trot it over to O, who will sign it while looking for his balls.
Ehh, if Republicans controlled the House in 2008 there might not have been TARP 1. It was Democrats carrying water for a lame duck President.
that is an aaa owner-occupied mortgage, dammit. and so are the other 20 miami condos that the same guy owns.
I think you meant, "so is the condo that 20 different pension funds think they own."
"Following today's news of an imminent lawsuit to be filed against Bank of America by such entities as the New York Fed" In order to meet the reserve obligation, BofA will use the discount window. It will exchange more toxic assets for cash to shore up its reserves. Back door bail out.
Bofa will end up in the hands of GS or JPM in less than 3 months.
I vote they will end up in Govt control. The real concern here is how quickly this will spread to Wells Fargo (Wachovia/Golden West) and JP Morgan (WaMu/Bear Stearns).
Last year I had predicted that Citi will go to GS.
Now it looks that you may be right. GS is most likely the one as it does not have any branches.
It will never happen...the days of TBTF getting bigger, fatter and more systemically dangerous, are over. Dimon should get his RV and take his daughters on another cross country trip.
I'm thinking GS... JPM/Chase/BAC won't be allowed... Really TBTF.
Not a chance. Both are smart enough not to touch the Countrywide corpse. Not even if it were sanitized. What would GS want with (a) the little people (i.e. retail banking op) or (b) all the people they turned down for a job, i.e. Merrill. JPM wouldn't want the anti-trust scrutiny (yes, that's laughter in the background).
More likely, if one of the big banks bit the dust, we'd get a look at all the deep flaws of Dodd-Frank, and Ben & Tim would have a bank to add to their conglomerate of car, mortgage, and insurance companies.
Sure, I can spell that:
Look at the left upper corner: THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE
For me, that says it all.
and if you want the know the answer on how this will play out:
Read the 4 words above the 3 letters "O N E"
CAN I HAVE A AMEN BROTHERS AND SISTERS!!
Clearly counterfeit. It's "In GS We Trust".
How about F-F-F-F-U-U-G-G-E-E-T-T DEM B-B-B-B-B-O-O-O-O-N-N-U-S-S-E-S,
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