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Freddie Mac????!!!.... I'd have to see it to beleive it!
Mark to unicorn accounting.
Maybe ALL IS WELL in the USA?
The blowhorn today sayz: Meredith Whitney is losing credibility on Muni-defaults.
BAC full of cash, C beats earnings expectation.
I say we raise the debt ceiling and attack Iran and buy stocks and .... USA USA USA
ALL is always perfectly WELL; till suddenly it ain't...what you've said is witty, and mainly because it's terribly prophetic. If this Machine is not suddenly halted (and it's got at least a year...year and a half -- maybe two at the outside), we'll be pouring into persia and pakistan before you can say falafal (sp?)...and then the real fun starts. Cue the Cossaks and Send In The Clowns.
that would be empire running by the common and middling; however, the gentry be reading rhubarbs in poland; as germany starts to bump uglies with russia for their cheap labor and natural resources; these states united must wedge with poland........
it seems we're looking at the world through the same lens...i agree with everything you said, and a lot more besides. I will tell you this much, if GDR/RUS and (really anybody) China form a coalition with a common currency, you can bet janus will load up early -- despite my insistence on PMs.
These Germans give me nights sweats and the russians give me palpatations; and then i think, why even pretend it's not all going down that way? that's the inevitable conclusion if there's going to be a polar power shift in the traditional iterations of geopolitical evolution (and the shift is already shifting) -- my hopes are for a semi-stateless society...but just look at what happens with 'hope'.
moving 'wealth' around, bitches.
Exactly, its just a legal way for these crooks to funnel cash from the taxpayer to these filthy rich bastards. Look at all these financial institutions...Yeah, looks like the tables have turned...Freddie can bailout the treasury now.
so yeah, um BAC is up there too and do you trust THEIR balance sheet? I wouldn't trust a chinese one further than I could throw the BAC HQ
Rampant accounting gimmicks and fraud. Business as usual.
Holders of all this fiat will be unloading it soon. Default or Hyper-inflation are the only two possible outcomes.
Let that sink in and shop accordingly.
Shared Sacrifice. That term will be the pre-emptive strike.
Beavis Geithner is going to need more than Turbo Tax to help him now
more cash than the treasury, yes. the ability to print and have the federal reserve buy their bonds, no.
Doesn't matter if they're the same thing. Maiden Lane, anyone?
that second list looks like a copy of almost every single old-money portfolio I've had the pleasure to scan...and, yes, BOA is eerie.
THB or a former minion? 816XX?
I'm flummoxed. Now, don't get me wrong, i'm a regular wiz with the ciphers, and I've even had a bit of training in the crypto field, but i cannot make hide nor hair of this enigma, "THB or a former minion? 816XX?" Some of the words look familiar, but the bookends -- THB and 816XX -- are the tar-babies.
You answered the question.
i kind of knew what you were driving at...no, never had an official residence in colorado -- love vail and snow mass though, and I have passed through co springs a few times. Just couldn't put together who THB may be.
The US Treasury is over 14T in debt. I'm pretty sure I have more cash than them, if you do running totals...
Well, if you want to talk net cash, I'm pretty sure all the banks would fall away in a hurry. Hell, BofA has about $500B in debt (not to mention over $1T in deposits).
AAPL didn't make the list?
and Sun was bought by Oracle...
how old is this thing?
You do know that CDS tracks original obligors yes? There is still Merrill vs Bank of America CDS, a decent arb in fact.
See that's why I hang around here, for the little known facts... thanks.
If you don't have PMs you better have them soon.
Love that Portugal banks all passsed the stress test.....fucking riot
Most of those banks are insolvent, except for the Japanese ones that have stacks and stacks of depositers' yen in the vault. The Indian company is probably the only one that could actually aid the Treasury.
Banco Pastor is Passe..
317M euro shortfall...
Nationalize these companies!
Tasty balance sheets ripe for .gov raping, Chavez style.
We can perpetuate the ponzi longer and give all of us additional ample time to buy PM's.
Does anyone here really want the system to crash just yet? ; )
(yeah, I know, the trick would be on the government when they find that the off balance sheet liabilities came to light.)
Can anyone explain to me how GE reduced its debt by $83B AND raised $66B in additional cash in less than three years?
You are kidding right? GE was one of the first to see 2008 coming and use it's lobbying influence and political clout to score war contract (from all side) and receive a bailout (via tax loopholes and numerous other mechanisms). Being first ahead of the herd is always a good thing after all.
I am aware of all those things, but it still doesn't explain a $149B shift in the basic condition of the company.
I'll buy that everything you mention could have improved it by $17B, the rest is crooked accounting.
See the comments below. Basically GE simply needed to restructure. Something they thought was too painful and so they took the immoral route hoping the victim forgets the first rapist. Pretty good plan, no one mentions their "the sky is falling and you must save us" claim, which was bullshit. As an engineer and scientist I see things a bit differently, the bottom line remains. People who create REAL value, should be compensated appropriately. The financial fucknuts the world over have forgotten their place in a sound economy and they have certainly forgotten the cost of creating capital in a finite universe. Even if they collect more gold than me, they will still need to eat, and I am in agriculture in a strong like-minded community. Default is fine with me, bring it.
I remember now....you're crazy.
Not crazy, just pissed. We deal with many Pharmacia products (now GE Healthcare). Their customer service and product line was 100x better before GE took them over (a hostile takeover with taxpayer monies by the way). Government and financial kleptocracy are now one in the same. The financial sector owns the government, period. Again, default, bring it.
Fuck GE, tax-evading scum. Owes IRS/US $100s BILLIONS.
"I am in agriculture in a strong like-minded community"
Mark, I can explain this in a way that will clear it up for you.
I'll buy that, Hook line and sinker!
That would be Hook, Line, and Sphincter... my family surname never 'rectifies' on the thread properly.
Once again, I stand corrected.
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