To Geithner's Disappointment Non-AIG Bidders Emerge For Maiden Lane II Assets, Preventing Another Taxpayer Rout

Tyler Durden's picture

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The Aviator's picture

Tyler, lets take this viral!!

Crash JP Morgan, Charge Silver!

(With a JP Chase Freedom 0% APR card!)

http://silverdoctors.blogspot.com/2011/03/crash-jp-morgan-charge-silver....

Harlequin001's picture

So, remind me again how they managed to stockpile $20 billion in cash when all their assets are imploding...

Harmonious_Dissonance's picture

drive-thru window @ the FED? I hear you can get frys with that

Michael's picture

I want to introduce into the minds of men; "The Set of a New Night"; where you can get a restful night's sleep and be assured to wake to a world of peaceful existence. 

Ident 7777 economy's picture

 

How about peaceful co-existance; peaceful existence could mean becoming a rock or part of the flora ...

zaphod's picture

No need to worry, Timmy can sell to anyone he wants and can ignore other offers. Timmy always gets his way!!

The Aviator's picture

Tyler, lets take this viral!!

Crash JP Morgan, Charge Silver!

(With a JP Chase Freedom 0% APR card!)

http://silverdoctors.blogspot.com/2011/03/crash-jp-morgan-charge-silver....

Conrad Murray's picture

Just remember, you can't eat silver...and the JewSA zionist fascist police patrolers from BPs arm of the oligarchic Goldman Alumni Association known you have it and will eat your babies to take it.

 

http://www.impeachobamacampaign.com/

scythian empire's picture

that open market thing is just far too capitalist.

chunga's picture

Wow. Even Joe six-pack will have a hard time swallowing this. Forget switching the pitchforks to full-auto...we need cruise missiles. Obama had better set his priorities to get the NFL back on track. If not, the riots begin in September...

Quaderratic Probing's picture

Joe 6 pack has not even noticed that he is Joe 3 pack now

Misean's picture

Didn't Barclays implode with the carry trade last week, until the CB's hit the reset button with the Honda-Accord? I only ask because I am curious how an entity that is so poorly positioned that the Japan event could destroy them could take on $20B in toxic mBS...But I guess that's why I'm among the little people and not the Captains of Kleptocracy.

Harlequin001's picture

Misean, we live in an environment where nothing need ever be sold, simply revalued higher and pledged as new collateral to a CB in exchange for newly printed cash which is created from thin air which, from the tone of your post, I'm sure you are well aware.

There is no such thing as 'mark to market' when we have no market or that market is false. We simply need an entity that can issue any valuation it chooses despite reality and we have these entities in central banks.

As  long as we can create new money, Barclays et al will always have money, that's the new economy. And if you want to know how much fun that is, just wait until you have to compete for housing with a sovereign wealth fund that creates its investment capital from well, nothing...

$ 20 billion, small change.

Misean's picture

I'm aware, but probing for those little unoticed things that cause the system to throw its gears. Along the lines of "The target area is only two meters wide. It's a small thermal exhaust port, right below the main port. The shaft leads directly to the reactor system."

More to have a few hours head start out of the concrete jungle to the bunker than anything else. But a profit opp is a profit opp as well.

After all it is a complicated pile of lies, this ponzi they have built.

Xkwisetly Paneful's picture

Please if the banks and AIG were card carrying labor shops like GM- raping, pillaging and looting the treasury would be just fine to the union bots and class warfare nitwits.

Misean's picture

Wow, that's the best example of a non sequitor wrapped in an ad hominem inside a pile of bull shit I've ever read.

Xkwisetly Paneful's picture

Awesome with the world ending as anyone knows it tomorrow or the day after it won't be topped.

Good thing the ruling class involved in all insurance companies not named AIG are cleaning up with AIG using treasury money to buy business away from them and using same treasury money to offset the zero interest currently being paid on reserves.

 

Isn't competing with the federal and state government wonderful? Good thing they the largest employer, consumer, borrower, lender, real property owner, landlord, tenant and parents to 50million people in the land,

but all that is benign of course-just ask the typical patron at ZH.

American Dissident's picture

Indeed.  I suppose we can take solace in knowing that at-least Bull Shit actually has intrinsic value.  

Harlequin001's picture

Misean, I assume when you say this 'those little unoticed things that cause the system to throw its gears' that you are referring to the inevitability of logic, mathematics, real accountability etc...

None of that here.

Force be with you and all that...

That's the problem with films today, not enough explosions...

Harlequin001's picture

submitted twice due to connection problems...

francis_sawyer's picture

we live in an environment where nothing need ever be sold, simply revalued higher and pledged as new collateral to a CB in exchange for newly printed cash which is created from thin air which, from the tone of your post, I'm sure you are well aware.

There is no such thing as 'mark to market' when we have no market or that market is false. We simply need an entity that can issue any valuation it chooses despite reality and we have these entities in central banks.

As  long as we can create new money, Barclays et al will always have money, that's the new economy

---

Hmmm... Interesting... I'm pretty much thinking King GEORGE III was thinking the same thing...

Fast forward 2 centuries... (Geroge III = BHO)... Not the SAME, I know... but it sure rhymes...

 

 

Harlequin001's picture

To be honest I don't think you're too far wide of the mark with that one...

 

Harlequin001's picture

submitted twice due to connection problems

glenlloyd's picture

Open it up to bid, what better way to encourage true price discovery. Let them fight over it.

OTOH, if QE3 doesn't appear then won't all this previously toxic crap just become more toxic?

I'd be selling that stuff before the end of QE2

cosmictrainwreck's picture

price discovery... a rare phenomenon, indeed. they should try it on all the bullshit marked-to-fantasy stuff. BTW, how's it going on that Derivatives bourse they set up? lulz 

TheGoodDoctor's picture

Well, I hope that AIG buys it and then the market goes to shit so they fail. Fuck em. This criminal activity is getting old.

Harlequin001's picture

yes, and then you can bail them out again, and again, and again...

It needs to be written down if not written off.

francis_sawyer's picture

I'll have to check my notes, but didn't BLACKROCK "remove" all rate hike hedge exposure to the Maiden Lane portfolio (to save a few pennies) back in something like May 2009?

Cracks indeed...

 

wisefool's picture

It was not dissemiated to timmay and his progammers.

lincolnsteffens's picture

Tyler,

Don't you ever sleep?

reader2010's picture

He's outsourced some of posting jobs to India.

cosmictrainwreck's picture

mutiple personality dissociative disorder.....he's literally "all over the place" 24/7

Seasmoke's picture

Timmy tax cheat , is sadly mistaken if he thinks he is protected from the populist anger.....my best guess is he will the first person the masses go after

francis_sawyer's picture

Correction...

The "frontline" of the assault will be the poor average innocent who makes the mistake of informing the customer that they can only order off the WHAMMY BURGER menu after 11:30AM at Taco Bell...

Our only hope is that if TIMMEH's "Undercover Boss" role is on such a frontline...

Harlequin001's picture

Nuke'em. I like my burgers well done...

Xkwisetly Paneful's picture

Who's fault is it that this website is almost always insanely slow?

cranky-old-geezer's picture

Could it be that 300 baud dialup modem on your Kaypro II?  :)

Tanz der Lemminge's picture

Maybe Dell will give you a trade-in cresit for your Timex Sinclair?

Xkwisetly Paneful's picture

No can't be! has to be that ever oppressive  ruling class somehow, or maybe those evil banksters if not maybe one of those US federal insiders from 9/11?

 

Error 503 Service Unavailable

Service Unavailable

Guru Meditation:

XID: 666654285

Varnish Mixed in with a half dozen Wordpress this site unavailables, and nothing new tonight from most other nights-at the slowest times of the day. But since you on a solar powered Commodore Vic 20 I get it.
francis_sawyer's picture

I'm thinking it just "feels" slow to you because you're applying your HOOKED ON PHONICS lessons and techniques to reading the threads & comments...

Xkwisetly Paneful's picture

Are you sure it isn't those evil zionistas or some government depressing the speed or maybe the cartel currently manipulating gold? maybe it is just good old fashioned global warming or perhaps my machine caught that dreaded pig flu. I got it! Has to be that Y2K kicking in 10yrs late.

No "feeling" to the server error I posted or the other ones I referenced.  Hooked on phonics? Nah but Rosetta Stone is one of the better buys both product and stock wise out there these days.

francis_sawyer's picture

Well if I were you... I'd go with the evil zionists, who were manipulating gold in Y2K because they contracted the pig flu due to global warming...

But that would be too "consonantly/richly paneful" to endure...

So I'll just go with LOCATION, LOCATION, LOCATION... (Must have something to do with Xenon levels - Maybe too many cans of used "Redi-Whip" in the basement)... 

francis_sawyer's picture

Well if I were you... I'd go with the evil zionists, who were manipulating gold in Y2K because they contracted the pig flu due to global warming...

But that would be too "consonantly/richly paneful" to endure...

So I'll just go with LOCATION, LOCATION, LOCATION... (Must have something to do with Xenon levels - Maybe too many cans of used "Redi-Whip" in the basement)... 

Xkwisetly Paneful's picture

WOW double post, Harlequin has about five in this thread alone and there is another below here.

 I am sure they have nothing to do with the speed of the site.

francis_sawyer's picture

I stand humbled & corrected at the moment (4 posts)...

Must be the empty "Redi Whip" canisters in my basement... LOL

 

francis_sawyer's picture

Well if I were you... I'd go with the evil zionists, who were manipulating gold in Y2K because they contracted the pig flu due to global warming...

But that would be too "consonantly/richly paneful" to endure...

So I'll just go with LOCATION, LOCATION, LOCATION... (Must have something to do with Xenon levels - Maybe too many cans of used "Redi-Whip" in the basement)...