Sheila Bair Addresses A Worried Nation
100: Partners Bank, Naples, FL
101: American United Bank, Lawrenceville, GA
102: Hillcrest Bank Florida, Naples, FL
103: Flagship National Bank, Bradenton, FL
UPDATE:
104: Bank of Elmwood, Racine, WI
105: Riverview Community Bank, Otsego, MN
As you watch the bobbing metronome of Sheila C. Bair's head during this video ("...but as I said [left tick] we have the ability to immediately access [right tock] up to $500 billion from our Treasury line [left tick]...") wonder to yourself quietly:
- How is the FDIC going to slurp down another $500 billion without some roof rasing action on the debt ceiling?
- How can ANYONE promise that no insured depositor will ever (until the heat death of the universe) lose a dime?
Meanwhile, if anyone is spreading evil rumors about the FDIC, make sure to email flag@fdic.gov immediately.
Try not to get motion sick and vomit. Also, try not to vomit.
(7 votes)
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on Fri, 10/23/2009 - 17:34
#108779
Klonopin is my guess.
on Fri, 10/23/2009 - 17:42
#108795
+10
on Fri, 10/23/2009 - 17:43
#108798
My guess is that she just graduated from the Barack Obama Hypnotizing Academy with failing grades.
on Fri, 10/23/2009 - 17:51
#108810
lol :-)
on Fri, 10/23/2009 - 18:06
#108842
"must...deposit...money...in...bank..."
on Sun, 10/25/2009 - 11:07
#110008
youtube link from FDICchannel:
http://www.youtube.com/watch?v=7BxiEJcOoo0
"Adding comments has been disabled for this video."
RFLMAO
on Sun, 10/25/2009 - 19:01
#110254
It's an old Jedi mind trick!
on Fri, 10/23/2009 - 18:12
#108848
Thorazine....she has tardive dyskinesia!
on Fri, 10/23/2009 - 22:19
#109141
... "damn, those psilocybe cubensis mushrooms are really kicking in.
- argh.
on Fri, 10/23/2009 - 17:41
#108785
"For the insured depositor, a bank failure is a non event."
So if a bank fails in Florida and no depositor loses their money, did the bank really fail? This is the kind of stupid talk we get from our nations leaders.
Not only did Florida score 3 of the 4 this week (so far) but Naples scores 2 of Florida's 3. Obviously Naples, Florida is the land of milk and honey.
on Fri, 10/23/2009 - 17:42
#108797
If you want to buy a house for approx......$7.00 your in...
on Fri, 10/23/2009 - 18:32
#108888
http://www.youtube.com/watch?v=IfokAugdyHg&feature=player_embedded
on Fri, 10/23/2009 - 18:51
#108923
I didn't watch the video earlier, but I'm now viewing it... I feel like a fucking two year old,,, HELLO,, MY NAME IS SB. I'M HERE TO HELP YOU UNDERSTAND THE MOST PEDESTRIAN ELEMENTS OF YOUR BANKING INSTITUTIONS..... EAT ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We have always insured your deposits,,,, THEY MAY NOT BE WORTH ANYTHING BUT WE WILL INSURE THEM Muhahahahahahahahahahahaah.............
Vodka Tonics at it again... I've got to stop this shit..
on Sat, 10/24/2009 - 12:41
#109491
Even if the dollar ends up worth anything, 500 Billion USD isn't enough to cover all the deposits in the US, no? Can someone else do the math, I just woke up and can't think straight.
I'm taking Karl Denninger's advice and closing my BoA checking account TODAY.
on Sat, 10/24/2009 - 09:11
#109359
We need more bankers like George Bailey--" I haven't got your money here Joe, you loaned it to Mr. Martini so he could buy his house......how much do you need, I mean how much do you really need to get by?" Oh, I forgot, that was before the security of Deposit Insurance. It truly is a Wonderful Life.
on Fri, 10/23/2009 - 17:36
#108786
Seems like an attempt to prevent a run on the banks. Something big coming soon?
on Fri, 10/23/2009 - 17:41
#108794
Actually, yes. There is a greater probability of a run on the banks than anything else, besides a disorderly currency collapse. I did a story about it before, its a very long story, but its there if you look at the details, but hey don't worry, everything is great.
on Fri, 10/23/2009 - 21:46
#109102
Run on the banks? Log in, x-fer your account balance, leave $1.00 in.
The next run on the banks will be electronic. There will be no lines, no orderly dissolution. It will happen in hours, fueled by blogs, twitter, and word of mouth rumors.
Turbo Tax Tim prints "In God We Trust" on all of his legal tender. I dunno what God Tim trusts, but the gods I put my faith in don't give a damn if our economy collapses or soars. Their noodily appendages wave dismissively at faith-based currency.
on Sat, 10/24/2009 - 08:11
#109324
"I dunno what God Tim trusts"
Mammon (not related to Michelle Caruso-Cabrera)
on Sat, 10/24/2009 - 08:13
#109327
Anyone want to give odds on an electronic bank run being met with an "Internet Security Alert" where the damned terrorists who hate us for our freedoms are up to no good so we've gotta shut down the Internet?
Anyone want to give odds that this effort will morph into just another pristine example of "counterparty risk" associated with traditional paper assets whose value requires:
on Sat, 10/24/2009 - 10:34
#109417
i got news for you - those terrorists operate
outside of langley, va...if you think al-qaeda
or any other goof in the middle east could pull
that stunt let me sell you my original signed
declaration of independence with margin notes
and reminder to thom to bring in a bundle of
fire wood before the weekend....
the so-called electronic run of 9/11/2008 which
fraudster kanjorski spoke about earlier this
year was an example of terrorism by said parties...
on Sat, 10/24/2009 - 23:32
#109852
I'll buy that DoI copy, my puzzled friend.
I am not sure if you are merely a lunatic, or if you are a racist to boot. Well, I have some news for you which, like gravity, you might also find surprising: Arabs are not all <50 IQ miscreants like the members of your family. They know how to log in to email accounts, surf the web....they even know how to make a fire to cook their sheep. Underestimate them---both the majority good Arabs as well as the bad---at your own risk. And buy an airplane ticket and go visit someplace like Doha or Abu Dhabi or Dubai.
on Sat, 10/24/2009 - 12:31
#109485
But what good is it to transfer your dollar digits from Bank A to Bank B when you don't trust the system anymore? In that case you'll want to collect the dollar banks at your bank. Those bills are worth more than the virtual digits you see in your bank account, but still worth a lot less than hard assets of course.
on Fri, 10/23/2009 - 21:48
#109103
.
on Fri, 10/23/2009 - 17:44
#108801
No shit,,
You are right again.... Get out of dollar denominated anything and everything NOW!!!!!!
on Fri, 10/23/2009 - 20:27
#109030
Is it just me or does this look like amateur hour at the FDIC? These retards had one or two weeks to prepare for this landslide. Or did they just decide to pull the rip cord and throw the entire bunch out the back of the FDIC 747F Freighter at 30,000 feet?
Are these idiots making it up as they go along or do you think they're frantically thumbing through the pages of their high school text books looking to see how it was done during the S&L crisis?
on Sat, 10/24/2009 - 01:40
#109238
"Bank Closing For Dummies"
on Fri, 10/23/2009 - 19:40
#108985
about 20 seconds into the video...
'their insured deposits are absolutely safe'
Watch Sheila's head as she speaks these words - she's shaking her head side to side. That's classic body language for 'I'm lying my ass off'.
on Sat, 10/24/2009 - 21:23
#109807
Exactly right.
Body language helps detectives in criminal cases.
Too bad the detectives won't touch this crime...
on Sat, 10/24/2009 - 22:32
#109834
a freelance detective friend of mine has the following to offer...
body language analysis of sheila’s tilting head (fdic youtube version) – 2, 3, and/or 4 seems most applicable at this time.
Tilting
1. Tilting the head sideways can be a sign of interest, which may be in what is said or happening. It can also be a flirting signal as it says ‘I am interested in you!’
2. Tilting can similarly indicate curiosity, uncertainty or query, particularly if the head is pushed forward, as if the person was trying to look at the subject in a different way in the hope of seeing something new. The greater the tilt, the greater the uncertainty or the greater the intent to send this signal.
3. A tilted head pulled back tends to indicate suspicion, as the uncertainty of the tilt is combined with a defensive pulling back.
4. The tilted head exposes the carotid artery on the side of the neck and may be a sign of submission and feelings of vulnerability.
5. If the head is propped up by the hand, it may be tiredness or an expectation of continued interest (’This is so interesting!’).
on Fri, 10/23/2009 - 17:37
#108789
Klonopin sucks. A healthy dose of percocet, hydrocodone and xanax then you're talking... not that I know or anything.
on Fri, 10/23/2009 - 18:12
#108850
I do. 90mg of Marphine daily and have 2mg Diluadid as my personal shotgun. Her eyes and body drift say it...
on Fri, 10/23/2009 - 17:38
#108790
I think the blue hairs will buy it.
on Fri, 10/23/2009 - 17:49
#108809
You are right about that... it was designed for them...
on Fri, 10/23/2009 - 20:43
#109050
I'm setting the line on the number of days it takes before this video garners 500,000 hits. I say 4 days or Tuesday 10-27-2009 at 9 PM.
Make it platinum Bobble Head Baby Doll Bair, make it platinum. I'm feeling lucky. Or at least luckier than those 7 banks.
on Fri, 10/23/2009 - 21:41
#109094
I double that bet and say Wednesday @3:00pm eastern. Million eyeballs divided by two=500,000 hits.
on Fri, 10/23/2009 - 17:38
#108791
I love you, the check is in the mail, and I wont *** in your mouth. Ooops.
on Fri, 10/23/2009 - 21:42
#109100
Everything is tofu and tabby cats,, Alfred E. Newman>>> What, me worry??
on Fri, 10/23/2009 - 22:22
#109144
No it's not Ooops,,, It's catch.
on Fri, 10/23/2009 - 17:47
#108800
So let me get this straight.
Q.Why the need for all the reassurance???
A.Because ROUND 2 is about to begin !!
"Me thinks thou doth protest too much"
That Willie Shakspeare guy is still relevant.
on Fri, 10/23/2009 - 17:45
#108802
I feel MUCH safer now.
on Fri, 10/23/2009 - 17:47
#108803
My favorite line:
"We are the government and our insurance guarantee is backed by the full faith and credit of the United States government."
Can someone please explain how a nation who is mired in debt... both national debt and severe budget deficits... can you plausibly extend "credit" to anyone?
Sheila reminds me of a flight attendant giving the requisite seat belt/oxygen mask lecture at the beginning of a flight. From one woman to another... Sheila you are an embarrassment to women everywhere... a little more gravitas would be helpful next time you speak... and a cervical collar might help with that crazy head gyration.
on Fri, 10/23/2009 - 17:52
#108812
Serving at the pleasure demands a level of loyalty that can be burdensome.. Yes? Nice rise up MnN!
BTW, there are no plausible explanations that I would be willing to actually believe.
on Fri, 10/23/2009 - 17:54
#108818
Yep... I think they ran out of plausible explanations a long, long time ago :-)
on Fri, 10/23/2009 - 21:37
#109091
the words, ",,,and no one ever will." reverberate as famous last words.
So, who do you think held the gun at her back for this performance, paulson( on consult ) or bernake? oops, i should have known, larry summers., the do all hatchet man.
larry is to barrack, what dick was to george.
If you followed her carefully after the tarp/treasury bonanza, she seemed very objecting to what took place, but, i am sure she had a good beating to show her how things must (mafia style) and to get in line with the privately held federal government machine.
on Sat, 10/24/2009 - 06:45
#109282
but, but....larry is the smartest guy in the room, dontcha know?
on Fri, 10/23/2009 - 17:53
#108816
MN,
Stop asking difficult questions and just watch the bobble head doll. You're getting sleepy. You're eyelids are getting heavy.
Sleep, sleep, sleep deeply and restfully. When you awaken, you will feel refreshed and alert and considerably poorer. Don't be concerned, this is a natural side effect of being fleeced in broad daylight.
on Fri, 10/23/2009 - 17:54
#108819
rotflmao :-)
on Fri, 10/23/2009 - 17:55
#108821
Would you like to see the elephant? heh
on Fri, 10/23/2009 - 18:09
#108843
must buy treasury...bonds...*drool*...3.5% over ten years is a great deal....must buy kindles and read opacity of hope...burn copy of creature from jekyll...what...pyramid ...the eye...it KEEPS watching ME! *faint*
on Fri, 10/23/2009 - 18:58
#108936
I liked the line that came after that.
"In short...we can never run out of money"
haha, what a joke
on Fri, 10/23/2009 - 19:35
#108980
Yeah,
"...we can never run out of money"
- That scared the shit out of me.
on Fri, 10/23/2009 - 20:31
#109032
Monday morning I'm going short the dollar and long green ink.
on Fri, 10/23/2009 - 21:24
#109081
I'm gonna skin a buck and run a trot line.
on Fri, 10/23/2009 - 21:47
#109104
A real man with a manageable plan.
Trout for lunch and venison steaks for supper.
on Fri, 10/23/2009 - 22:03
#109122
...with some fine wine, ehh.
on Sat, 10/24/2009 - 00:06
#109213
Most any kind of wine as long as the weather is nice enough to view the flowers at lunch and the moon after supper.
on Sat, 10/24/2009 - 08:04
#109317
You guys are killing me. I haven't had fresh grilled trout in....forever.
on Sat, 10/24/2009 - 08:19
#109332
Ohhh - thanks for that. I thought a trot line was from eating bad venison.
on Sat, 10/24/2009 - 12:44
#109494
It was once said, afterall, that the best way to devalue a perfectly good peice of paper is to print a dead president on it..
on Fri, 10/23/2009 - 21:40
#109095
me too, but sadly, i wish it was a spoof--it is the twilight zone that she actually said that...she should have added a few reallys behind her declarations to make the emphasis more like a good liar might, since what she was saying was such a boldface lie....but i still think larry s probably was holding a gun to her back.
on Sat, 10/24/2009 - 00:40
#109227
Rusty, that is poetic. A+
on Fri, 10/23/2009 - 20:38
#109042
OMFG...LMAO...MNnice (I lived most of my life in MN til I moved to Idaho, and that wasnt typical MN nice...lol)
I'm just sayin'...I mean, say what you REALLY think...LOL
on Fri, 10/23/2009 - 17:47
#108804
withdrawing deposits is bad mmmmkay?
on Fri, 10/23/2009 - 21:42
#109098
mmmmkay
on Fri, 10/23/2009 - 17:49
#108806
I tried not to, but I failed.
on Fri, 10/23/2009 - 17:49
#108808
"...and access to your money is seemless."
OH SHIT !
Why on earth did she say that cuz already thought it was. ;-)
on Mon, 10/26/2009 - 06:04
#110492
That's also a big damn lie. Access to your money has more seems on it than terantula has hair. It's got computer seems. It's got armored truck seems. It's got the good old fractional reserve seems. If everyone takes away a couple trillion dollars of deposits it causes 60 or 70 trillion of debt to explode.
on Fri, 10/23/2009 - 17:51
#108811
....."in short,we are the gov't,we can't run out of money"......The head bobbing and eye winking is a silly attempt at seduction,just imagine a fan blowing thru her hair as she does this...kinda like an old MTV video,but a little creepier
on Fri, 10/23/2009 - 23:01
#109173
I think I just got sick... and not in the good way...
on Sun, 10/25/2009 - 20:02
#110290
D.O.D., I just got the joke from the double meaning. That's funnier than hell, playa!
on Fri, 10/23/2009 - 17:52
#108813
I'm no marketing expert, but that's a terrible "SuperCuts" commercial.
Jake Sky
on Fri, 10/23/2009 - 17:53
#108817
is this suze ormann in disguise?
immediate access to loc? don't the bonds have to be sold first? won't the debt ceiling need to be raised as well?...
something most folks may not know is that many depositors from the s&l / keating 5 fiasco didn't get reimbursed by the fraud-fdic for years....this dumbass is another financial terrorist who should be guillotined...
on Fri, 10/23/2009 - 17:54
#108820
That there was even a need to make this video is what scares the hell out of me.
on Fri, 10/23/2009 - 18:06
#108841
look for increasing mattress sale figures....
on Fri, 10/23/2009 - 18:51
#108922
Actually, have you seen the mattress stocks lately? I'd say they're on fire, but...
on Fri, 10/23/2009 - 20:34
#109037
Idiots, how many times do I need to tell you? You hide your money in the mattress, not invest your money in a mattress company.
What the hell is wrong with you guys?
on Fri, 10/23/2009 - 21:15
#109076
They don't understand the difference between the sack and the rack.
You may be in the sack.. but I'm in the rack...
Kinda like.. Hey baby, I'm going over seas, why don't you come across?
on Fri, 10/23/2009 - 21:50
#109108
Spot on. Semantics baby, semantics is where the action is.
on Fri, 10/23/2009 - 17:57
#108823
Fasten your seatbelts, it's going to be a bumpy night!
Uttered by Bette Davis playing Margo Channing in the 1950 classic, All About Eve.
on Fri, 10/23/2009 - 17:57
#108824
she is a terrible liar.
at 0:24...notice what she is saying while subconsciously shaking her head "no".
on Fri, 10/23/2009 - 17:57
#108825
when you have to be told that it's all good, it usually isn't...someone needs to put her up in a helecopter so that an accident can happen in mid air which no one can explain except as a freak event....
on Fri, 10/23/2009 - 20:37
#109040
The functional equivalent of this video is the owner of a football team telling the public that he has complete faith in his head coach and wants him to be with the franchise for the next 3 years.
You can count on the coach being fired within 3 weeks.
on Fri, 10/23/2009 - 21:47
#109105
After he fumbles the question,,,hey coach what went wrong out there?
on Sat, 10/24/2009 - 00:01
#109211
or Alan Schwarz getting on cnbc 4 days before bear went belly up
on Sat, 10/24/2009 - 06:47
#109283
+1
on Fri, 10/23/2009 - 17:58
#108827
The smirk halfway through and illustration of bad body language throughout confirms this lady has no confidence going forward. I'm sure she knows what everyone else suspects.
Would you smirk or give a half smile when talking about your own house being foreclosed?
Silly.
on Fri, 10/23/2009 - 17:59
#108828
Another topic Zero Hedge does not understand. Just like its remarks on the imminent collapse on the dollar which you now seem to be reversing course on.
Money can be created out of thin air to replace insured deposits lost in failed banks. And, it has no negative impact on the economy, the money supply the dollar or anything else. If the FDIC runs out of money, all the Fed needs to do is crank up the printing press to replace it with like money of the exact same value.
In other words, you don't need to vomit. You just need to learn more about topics you write about. Just like you did with the dollar.
on Fri, 10/23/2009 - 18:03
#108835
i hope this was a poor attempt at sarcasm....
otherwise you are a complete dumbass....
on Fri, 10/23/2009 - 18:04
#108836
I believe the "money out of thin air" is the reason we are contemplating bank failures to begin with.
No?
on Fri, 10/23/2009 - 20:56
#109062
It's apparent we have people on here who have no concept of what money is. Because a bank fails doesn't mean insurance deposits should disappear. Printing replacement money for FDIC insured deposits adds no net new money to the money supply. More dumbasses who have no idea what they are talking about.
on Fri, 10/23/2009 - 22:49
#109165
is that you gideon?
on Sat, 10/24/2009 - 00:11
#109216
and other dumbasses who appear to have slept through accounting 101 where they were supposed to be learning double-entry bookkeeping
on Sat, 10/24/2009 - 12:33
#109487
indeed you are a dumbass because i am talking about saving people's savings and you are talking about some boneheaded concept you learned in ninth grade. you'd let the system collapse because you are too stupid to figure out how to fix it. then you mock people for providing clearly do-able solutions. well, here you go dipshit. we'll settle your accounting problem since you are too stupid to figure it out yourself. the government can issue new debt for the fdic's fund. the fed then buys the dept and monetizes it. this then creates demand deposits for the treasury. the money is then available to cover the fdic funds without any new money being added to the system. the posters on here literally often seem to be completely clueless. which, btw, is why i generally don't come to zh anymore. the comments are often preposterous.
on Sat, 10/24/2009 - 00:13
#109217
Brother Larry is that you?
The snark sounds familiar.
on Sat, 10/24/2009 - 01:26
#109235
I get it! So if I deposit $1,000 to a bank, the bank then gives the $1,000 dollars to a hobo, becomes insolvent, and another $1,000 is magically printed to replace it, then no new money was created?
on Sat, 10/24/2009 - 08:28
#109338
Then why fund it from bank assessments at all? Please include your newsletter subscription URL in the reply.
on Fri, 10/23/2009 - 18:09
#108844
Is this Phil Gramm... if not then someone doesn't have a good grasp of the situation and I don't think it is ZeroHedge. Everyone here knows that money can be created out of 'thin air'... I think the United States government has that trick down pat. They problem is that the FDIC is supposed to be funded by the banks... not the US government... on second thought maybe this is Sheila since that is exactly what I would expect her level of understanding to be.
on Fri, 10/23/2009 - 18:13
#108852
oh how i miss phil.....i think all of that talk
about pitch forks, hatchets, and a shortage
of rope might have skeert him off..
on Fri, 10/23/2009 - 18:14
#108856
You are so nice...
on Fri, 10/23/2009 - 18:16
#108861
I know Miles... its just me :-)
on Fri, 10/23/2009 - 18:29
#108883
You and MsCreant have been hangin' out. I can tell. ;-)
on Fri, 10/23/2009 - 18:14
#108855
A new ZH reader from Zimbabwe.
on Fri, 10/23/2009 - 18:17
#108863
Everyone is just spot-on with the sarcasm this evening.... lol
on Fri, 10/23/2009 - 21:02
#109053
We're all giddy with excitement. We thought 3, maybe 4 on the outside for Bank Failure Friday.
When it hit 7, I was tingling all over my body and my first thought was, I won't be needing the Viagra tonight baby.
on Fri, 10/23/2009 - 21:31
#109086
CD,,
Why is that???? I find myself excited about the failure of everything.. I think I have it figured out..
I'm so sick of telling my friends/relatives about the coming doom, that when it happens, I can say,, I told you soooooo.,, On the whole they don't believe me,,
The consensus trance....
Poor fools,,
on Fri, 10/23/2009 - 22:06
#109127
Geopol,
I think it's more along the lines of they can't (as in they are unwilling to) believe you. For if they did, they might have to actually do something about it. Starting with looking in the mirror and asking themselves why they allowed themselves to believe this horseshit for the past couple of decades.
In the face of a massive economic failure, they would have to face all the demons they've been reassured don't exist for all these years. Joe Blow has taken the softer easier way for years with the full backing of every authority center in the US. They allowed themselves to be seduced while they unlocked the front door and allowed the wholesale rape and looting of their property, family and self.
After you've participated in such a massive level of denial and lies for as long as the average American has, the shock to ones emotional stability would be too great if you just turned around and stopped. After a while, the lessor of the two evils is to stay in complete and utter denial and pray to God you either die first or everyone else goes down in flames at the same time and you're not alone in your shame and humiliation.
Art Cashin, in the video interview posted in ZH today, said that you would be surprised how many professional investment decisions are made in order not to look stupid. Why would we think the average Joe was any less susceptible to emotional games and denial than a professional is?
on Fri, 10/23/2009 - 22:31
#109151
CD, An amazing and concise outline of the American condition.
I will cut and past for the archives...with your permission.. Thanks so much..
on Fri, 10/23/2009 - 18:26
#108878
that could have been gideon himself....what have
we done to deserve such an august presence
in october?
on Fri, 10/23/2009 - 18:29
#108882
.
on Fri, 10/23/2009 - 19:46
#108993
Fight Club
Tyler,
Do you have any hit-men on speed dial ?, an Anon poster has just requested to get his face beat in.
on Sat, 10/24/2009 - 09:40
#109383
What's rule #1 Rusty?
on Sat, 10/24/2009 - 13:47
#109525
ohh shit, my bad.
on Sat, 10/24/2009 - 23:42
#109859
Who says you can't clap with one hand! Your not-so-common sense is just so refreshing! No doubt you can take your logic and philosophy on the lecture circuit and make a mint in appearance fees. It'll be biscuits and gravy seven nights a week in your home!
Now that you "pointed out the obvious", which those ZH'ers can't quite figure, perhaps you'll lobby for raising the limit on insured deposits to, let's say, $1 billion instead of the soon to expire $250K. Why not? It's costless, right? No impact on the money supply or government obligations; just replacing something that no longer exists, right?
Hey, I've got an idea. Meet me tomorrow and we'll go to BAC and borrow a trillion dollars (they've got 11 percent of total US deposits, so they'd be the best place to shop.) Then we'll take the money and party like frat boys in Ft. Lauderdale on Spring Break. So we default. No harm done. Tim or Ben or Sheila justs gives BAC a quick trillion out of thin air and makes everyone good again.
Now THAT's how an economy should work.
on Fri, 10/23/2009 - 18:00
#108831
that was creepy. is it possible post a posted video in your own youtube account, because i will start adding some really fun comments to her head bobbing creepy - its all OK everything is fine, no running, walk safely to the exits diatribe
on Fri, 10/23/2009 - 18:01
#108832
At what point in time are we going to have to ask GS for a loan?
Drugs must be necessary to move up to the level in Govt to NOT VOMIT.
on Fri, 10/23/2009 - 21:24
#109082
Please...
We all know that at least $600,000,000.00 is rinsed through Citi's management accounts every year. Why do you think we fuck over the Taliban,,, their religion doesn't like drug growing/poppy sales. Now that they are subdued, we can get the fields going again..
We all need to wake up,,, the war on drugs,,give me a break..
on Sat, 10/24/2009 - 00:21
#109219
watch obama's war on frontline. will show you all you need to know about the drug trade in Afghanistan.
on Sat, 10/24/2009 - 02:08
#109245
I think you missed the point
on Sat, 10/24/2009 - 09:46
#109386
Ya,, I think it was late when I posted that,,,I was looking for the trigger word DRUGS and you provided it, and I went on a rant,, But it does flow to some degree,
on Fri, 10/23/2009 - 18:01
#108833
So let me get this straight, each week, up until the last 3 "mystery" weeks the average bank clsures cost about $1B. Banks pre-pay $45B, which WE will pay for through higher fees. If we through in the loss-share agreements that means those losses will grow by about 60%, my figure based on WFC figures, Regions, and a host of other regional bank figures, there is no way $45B will hold the FDIC until the end of the year let alone until next year, period.
That $500B is useless until they raise the debt ceiling, which they will, but still until that happens forget about it. So, how will they cover the deposits? My guess is they will use intra-government loans which mysteriously get left off the public debt total or they will be granted special access to the Fed window or some other BS. Anyone else have any idea how to make money appear from nowhere when you are flat broker and your credit card is maxed out?? Seriously, anyone? I know they will, but I do not see an honest way of doing it. I am probably thinking too much ino it, but at the very least maybe I can find a new way to run my books...
on Fri, 10/23/2009 - 18:03
#108834
I interpreted that as a bank holiday is imminent....
What say you? As i stash cash and weapons and whatnot
in my attic.
on Fri, 10/23/2009 - 21:51
#109109
The basement,,, if the house burns down, that's the only thing the local fire department can save...
Sears Robuck safe @ 4000 degrees for four hours... should cover it.
on Fri, 10/23/2009 - 18:04
#108837
that sorry sack of shit bitch ought to be ashamed of herself
but then again, she is one of our country's "leaders"
hahahhahahaahhahaahha
fucking crooks
on Fri, 10/23/2009 - 18:04
#108839
"What family of narcotic sedatives are being used in this video?"
I'm thinking Percodan with a mojito chaser. She is a terrible liar. Can you imagine the Chinese watching this? Full faith and credit of what? If Hopey McChange and Bair let this place implode/hyperinflate, I imagine the Chinese are just going to send their best "touchless" assassins over and we'll start hearing about a lot of heart attacks and brain aneurysms.
on Fri, 10/23/2009 - 18:11
#108847
Hopey McChange... love it... and I voted for him... sad as that is right now :-)
on Fri, 10/23/2009 - 18:20
#108867
lol.... +1 on Hopey McChange
on Sat, 10/24/2009 - 00:24
#109222
+878 billion (and counting) on Hopey Mac
on Fri, 10/23/2009 - 22:09
#109126
No, I go for the hot lead enema... Chinese style..
Black and Decker funnel..
Fuck,, do you think that funnel is made here??
on Fri, 10/23/2009 - 18:10
#108845
One of the biggies must be insolvent ..
on Fri, 10/23/2009 - 18:21
#108871
only one?
on Fri, 10/23/2009 - 18:27
#108880
CIT is definitely on the brink... Next week they have to make a decision so they might be clearing the decks this week for a bad upcoming Friday.
on Fri, 10/23/2009 - 19:31
#108978
The Fed requires another financial crisis to stoke demand for $100+ billion treasuries/month. The only question is when.
on Fri, 10/23/2009 - 22:12
#109135
Your right.. When? Just the right time...CIA clock.
It'll be NY NY like it was in 2001... I'm sick of this shit...
on Fri, 10/23/2009 - 18:11
#108846
2 more bite the dust
on Fri, 10/23/2009 - 18:31
#108890
This is too good. I had moved my accounts from one of these banks to a much more solid community bank in the area after some searching... TWO years ago. The former got a notice from the Fed a few months after I was out, and finally just now the FDIC closes it and hands over their deposits to - the bank I moved mine to. I just had to chuckle a bit.
on Fri, 10/23/2009 - 19:56
#108999
Yee-haw! I used to have an account at one of these fine institutions as well!
on Fri, 10/23/2009 - 18:12
#108849
aaaah, Stepford Wives.
Can I get you a cuppa cawfee?
No thanks.
on Fri, 10/23/2009 - 18:18
#108860
At around 24 seconds into her speech, she says "I want to take this opportunity to reassure consumers that their insured deposits are absolutely safe."
Note the body language: As she is saying the above quote, she is shaking her head from side to side, indicating that she does not believe what she's saying.
http://www.eyesforlies.blogspot.com/2008/01/interpreting-body-language-h...
on Fri, 10/23/2009 - 18:21
#108868
yep
(http://www.zerohedge.com/article/shelia-bair-addresses-worried-nation#co...)
on Fri, 10/23/2009 - 18:24
#108874
My bad, faustian. You da man. -1 for me.
Here's a working clip of Hillary:
http://fox.com/blogs/faces_in_the_news/2009/01/23/more-head-shakes/
on Fri, 10/23/2009 - 18:47
#108913
no probs...great minds, and all that.
on Fri, 10/23/2009 - 19:05
#108948
there's that word ... consumer. forgive my french. sheila... i am a goddamn american and if you call us that again, fuck you.
on Fri, 10/23/2009 - 22:11
#109133
The subtle use of the term consumer is so deceptive, a form of newspeak.
As a citizen, you have obligations to your country and yourself, including oversight of your leaders and your own affairs.
As a consumer, your only obligation is to belly up to the trough and mindlessly consumer. Go ahead and consume and leave the burden of responsible citizenship to us.
Fucking Nazi doublespeak bullshit. And for the most part, we fall for it.
on Fri, 10/23/2009 - 18:16
#108862
got 2 more...wisconsin and minnesota...working our way through flyover.
betcha we get one in state of washington in a few hrs.
on Fri, 10/23/2009 - 18:32
#108892
There are a couple of good candidates in Snohomish, King and Klickitat Counties...
on Fri, 10/23/2009 - 18:18
#108864
on Fri, 10/23/2009 - 18:18
#108865
Good work putting this post together.
on Fri, 10/23/2009 - 18:19
#108866
Check out those loss ratios. Ouch
on Fri, 10/23/2009 - 18:32
#108893
This developing story gains momo
on Fri, 10/23/2009 - 22:23
#109146
Marla covered it pretty well: http://www.zerohedge.com/article/grand-total
on Fri, 10/23/2009 - 18:26
#108876
WTF with Naples
they don't even know that they've lost yet another bank (Hillcrest) LOL
http://www.naplesnews.com/news/2009/oct/23/unlucky-number-naples-bank-be...
on Fri, 10/23/2009 - 18:27
#108881
Did she say "The US Government cannot run out of money"?
I think she meant that the U.S. Government cannot run out of OUR money (or that of our descendants).
Dear ... God ..........
She knows she is lying, or she is retarded.
Either way, she is unfit to serve.
I admit to being fairly naive and unintelligent, but I can't help but feel insulted at being expected to swallow that nonsense without first being slipped a Roofie.
on Fri, 10/23/2009 - 19:39
#108984
"Dear ... God .......... She is lying, or she is retarded"
are those mutually exclusive?
on Fri, 10/23/2009 - 20:13
#109016
Your call..
on Sat, 10/24/2009 - 06:22
#109280
DaveyJones,
You're fitting in nicely here at ZH. It feels good, doesn't it.
on Mon, 10/26/2009 - 22:56
#111298
thanks. It does
lots of bright insane people. the only coping mechanism for an insane world
on Fri, 10/23/2009 - 20:01
#109004
"Did she say "The US Government cannot run out of money"? "
Yes, it's the same principle as "I'm not broke if I still have checks!"...
on Sat, 10/24/2009 - 10:18
#109408
US Fed is all coinclipping, counterfeiting, and discounting future promises for present spending.
In other words, the paradigm of a deadbeat, spendthrift, bankrupt.
But with a pretty shield, seemingly erudite language, and the Jewish support groups shaping herd behavior, they can pull it off for much longer.
1913-2012 99 years. Fair run for fleecing the peons and peon nations.
on Fri, 10/23/2009 - 18:29
#108884
Just in time for Halloween!
on Fri, 10/23/2009 - 18:29
#108885
Looking like this rollercoaster has reached the top again.
Only, i noticed while i was on the way up, that there were no tracks left on the other side of the apex for the way down.
Typical for me.
on Fri, 10/23/2009 - 21:55
#109113
Don't worry I have a shoot that Donald Trump gave me in the wake of 9/11.. It's all yours..
He's a beauty isn't he???
on Fri, 10/23/2009 - 18:30
#108886
I think that the thing to focus on here is that the red jacket just doesn't work with the blouse she's wearing underneath. How does she expect to create financial stability after having put Obama's Fashion Czar on high alert?!
on Fri, 10/23/2009 - 18:33
#108895
clearly, we need robo for a fashion commentary.
on Fri, 10/23/2009 - 18:39
#108902
Oh, please spare us... I don't want to see what he would post... he really crosses the taste borderline much to frequently as it is... I'd rather see Andy post another version of Petra before that happens... NOT ;-)
on Fri, 10/23/2009 - 18:46
#108911
rumor has it that robo is entertaining a new avatar....
Andy's pics are....artistic!
on Fri, 10/23/2009 - 18:50
#108918
I found out that the whisper numbers for the new avatar were 34-24-34.
on Fri, 10/23/2009 - 19:01
#108931
For the Cop that is MnN...
http://www.youtube.com/watch?v=DLUuFPAJpfs
There really should be a cookies and cake page for that tho.. Even for a monochrome fan like myself.. [;)
on Fri, 10/23/2009 - 18:36
#108899
yeah i can't tell if she got that ensemble at
j c penney or walmart....maybe it was supplied
by the production crew to gain more credibility
with the blue-hairs....
on Fri, 10/23/2009 - 20:16
#109021
Blue hairs?......
The health care plan will deal with those stiff's....Muhahahahahahaha
on Fri, 10/23/2009 - 21:58
#109119
Funny you should say that,,, I smelled her perfume, and it was unmistakably "Evening in Cleveland".
on Sat, 10/24/2009 - 10:39
#109420
As in Cleveland Steamer?
Google it! :>)
on Fri, 10/23/2009 - 18:30
#108887
When authorities start to tap debt markets (paper) in order to cover deposits (which is base money), hyperinflation sets in.
on Fri, 10/23/2009 - 18:30
#108889
Her body language tell us she is lying.
on Fri, 10/23/2009 - 18:56
#108929
Her spoken language tells us she is lying, too.
on Fri, 10/23/2009 - 21:56
#109116
well said Unscarred!!!
on Sat, 10/24/2009 - 08:18
#109330
;-)
It really is that simple. The fact that everyone is "towing the company line" on this one - from Sheila yesterday to Obama this morning - tells you how serious this is going to get.
on Fri, 10/23/2009 - 19:17
#108961
Dupe
on Fri, 10/23/2009 - 18:31
#108891
STATE OF WASHINGTON-STERLING SAVINGS IN SPOKANE? THEY WERE TOLD TO COME UP WITH 300 MILLION IN 90 DAYS OR LESS I BELIEVE- OR CEASE & DESIST
on Fri, 10/23/2009 - 18:33
#108894
Sheila Bair is one of our best regulators. The problems are very large. I'd trust Sheila and the FDIC who act very professionally over the OCC & the Fed in a minute
on Fri, 10/23/2009 - 19:17
#108964
thanks for contributing sheila.
on Fri, 10/23/2009 - 19:22
#108971
Truer words were spoken
on Fri, 10/23/2009 - 20:19
#109023
You need to hit the books in the section called REALITY.....
Sheila, is a broom!!!!!
on Fri, 10/23/2009 - 18:34
#108896
The Powers That Be have me feeling increasingly schmonfident.
Sincerely,
Jim Zorn
on Fri, 10/23/2009 - 18:37
#108901
I'm Sheila, Fly Me!
on Fri, 10/23/2009 - 18:41
#108906
And next Friday is mischief night. Be afraid. Be very afraid. The zombies may come out of the darkness.
This little video is just a setup play to get that debt ceiling raised. Afterall, she just made a promise to the frightened silverheads who are already super-pissed about the healthcare fiasco.
Now how many congresscritters are going to vote "NAY" on expanding the debt ceiling to insure Granny's deposits ??
on Fri, 10/23/2009 - 18:48
#108916
Now how many congresscritters are going to vote "NAY" on expanding the debt ceiling to insure Granny's deposits ??
all repubs will vote no. house democrats who vote no will have to give up something for nancy, same in senate.
on Fri, 10/23/2009 - 18:54
#108927
No need to worry about the debt ceiling increase. But, is a no vote worth having to give 'Nance' a little somethin' somethin'?
http://www.eteamz.com/edgewoodcougars/images/2009128174423_Cougar-4.jpg
on Fri, 10/23/2009 - 21:59
#109120
she gets her energy from Rahm, and Rahm got his post from her--it is repulsive, but obvious to the trained observer..."nudge nudge say no more"
on Fri, 10/23/2009 - 18:59
#108939
Corrected, DH......GOP gets a freebie no vote. But I am curious about the rationale that will be referred to by the Dems for lifting the debt ceiling. Surely they won't be delusional enough to refer to a pending need for an FDIC loan from Treasury. Maybe a TARP II will be the company line....??
on Fri, 10/23/2009 - 19:12
#108956
they will do everything to make it a non issue.....they are trying to attach it as an amendment to a defense dept bill....if the repubs push, and msm picks it up, they will certainly be non specific and paint a broad brush i.e. we've always done it, we need to have the right tools to help the american people, blah, blah, blah
on Fri, 10/23/2009 - 18:42
#108907
My heart stop beating at-" no matter what happens."
It reminds of the time my third ex-wife said she loved me no matter what happens.
I lost what little the first two did not take four months later.
on Fri, 10/23/2009 - 18:49
#108920
+1 for chilling astuteness.
on Fri, 10/23/2009 - 21:53
#109110
I looked you up. Your not warm and fuzzy. I appreciate the response. Hopefully I can return the favor.
on Sat, 10/24/2009 - 04:24
#109267
Ever consider the possibility that just having a regular place to get your dick wet isn't worth the downside risk?
RE
on Fri, 10/23/2009 - 18:44
#108910
Wow, now I feel much better Sheila. So lets see, we are a broke, corrupt and the only way we can pay our bills is to electronically print money. We are hated by our trading partners, benny and timmy lie to us almost every day, GS runs our treasury and markets and you tell us not to be concerned.
Great, now I can concentrate on the next American Idol.
Sorry Marla, I did throw up.
on Fri, 10/23/2009 - 18:49
#108919
ahhhhh, pass me a tissue will you please? not because I got tears in my eyes, I just feel like taking a crap...
on Fri, 10/23/2009 - 20:23
#109027
You can use that tissue for a better hobby....
Endurance or Distance...
on Fri, 10/23/2009 - 18:52
#108924
interesting...cnn website, which usually resembles people magazine, has the fdic 100 bank failure as one of its top stories.
must.stop.msm.coverage.now.
on Fri, 10/23/2009 - 18:56
#108930
"we cannot run out of money"
note to sheila: order more ink.