This page has been archived and commenting is disabled.
BofA Warns Upcoming "Desperate Measures" By Authorities Will Result In Another 2008 Market Collapse
Last week we had Citigroup warning that the market bottom is about to fall out, as the Fed is more than likely to disappoint already very lofty expectations (according to various estimates from both Goldman and the second Tier banks, i.e., all of them, the market has priced in roughly $500 billion in QE3 already). Today, Bank of America, which may or may not be with us much longer, has taken this desperate alarmism several notches further, and is warning that due to the gridlock in both the fiscal ("fiscal authorities have bombarded the markets with a quadraphonic message of hopelessness") and monetary ("the Fed is out of bullets anyway") stimulative pathways, the likely outcome of anything from DC will be nothig short of a disaster. To wit: "rather than a repeat of 2010, when the Fed saved the day with QE2, we think we are moving closer to a repeat of 2008, when major policy errors devastated the economy." For once we actually agree with Bank of America: "In our view, the pressure to “do something” is now far more likely to result in more desperate or radical measures, even if it is bad policy." Does this mean that we are looking at a TARP "vote down" market reaction this Friday if indeed the chairman disappoints? We will know for sure in about 100 hours, which just may be the longest 100 hours for bulls since the start of the artificial and solely QE inspired bear market levitation in March of 2009.
From Bank of America, "Deja Vu"
Summers just haven’t gone that well for markets in recent years. Many have noted the similarities between 2011 and 2010, or even 2008, but in fact the interest rate pattern in each of the past six years has been depressingly and remarkably similar: rising rates and economic optimism in the first half of the year ultimately giving way to pessimism and lower rates in the second half. It indeed seems like we have been here before. But rather than a repeat of 2010, when the Fed saved the day with QE2, we think we are moving closer to a repeat of 2008, when major policy errors devastated the economy.
For mortgages and housing, the 6-year pattern appears particularly problematic. Rates have hit new lows in each successive year since 2006 (Chart 13) but the response, in terms of increased home purchase mortgage applications (Chart 14), has also decreased in each year. The latest week’s sharp 9% drop in purchase activity, as mortgage rates hit a record low, was especially disturbing. The purchase index has not yet taken out the low from a year ago, but it is close to doing so. It appears as if the Fed’s multi-year move to lower rates has been pushing on a string all along when it comes to housing demand. The muted response of the refinancing index (Chart 15), while good for the IO trade we have long recommended, is another indication of the bad news on the mortgage and housing front.
Regardless, as Ethan Harris and Michelle Meyer note in Helplessly Hoping, the Fed is about out of bullets anyway. Meanwhile, the “fiscal authorities have bombarded the markets with a quadraphonic message of hopelessness,” proving that they are “too dysfunctional to deal with the US’s massive fiscal problems.” The situation in Europe appears to be even worse. Against this backdrop, economic risks are increasingly skewed to the downside, indicating that risk aversion is the appropriate market positioning.
We have been steadily adjusting our more optimistic view of risk taking in securitized products downward over the past month, as the debt ceiling debacle and its devastating market impact became reality. At this point, after another week of discouraging market and economic data (most notably for us the mortgage application data cited above), we turn more negative and see little reason to have anything but a market weight exposure to securitized products, in spite of the attractive nominal valuations (Chart 16, Table 5). Within agency MBS, we switch to a down-in-coupon bias and recommend paring back on IO exposure. In credit, our bias is to the highest quality, top-of-the-capital structure bonds.
The environment has become too overwhelmed by uncertainty, particularly on the policy front. In our view, the pressure to “do something” is now far more likely to result in more desperate or radical measures, even if it is bad policy. The most obvious immediate candidate for this is the concern that has hung over the agency MBS market for the past year: elimination of institutional obstacles to refinancing such as loan level pricing adjustments (LLPA) as a quid pro quo for a cut in the preferred dividend payments. The muted refinancing response to historically low interest rates shown in Chart 15 likely has become unacceptable from a policy perspective, and responses are available.
This, along with the increased possibility of a low for long rate environment, particularly if the Fed implements Operation Twist as expected, requires us to reset the benign prepayment expectations we have had over the past year. The capacity argument we made just last week now appears less likely to stand in the rapidly evolving political and economic environment. Just as banks have been pressured to modify existing borrowers, we can look for pressure to be exerted on banks to expand capacity, lower the primary-secondary spread, and refinance high rate borrowers who have faced challenges moving through the refinancing pipeline. In addition, the simple economic incentives of the refinancing business should help drive capacity expansion.
»
- 33480 reads
- Printer-friendly version
- Send to friend
- advertisements -
Re: he's one of them, isn't he
A Space Alien?
A lizard
From the 4th dimension. Icke! Icke! Icke!!
QE3 coming up. What does he have to lose by offering it up? After all, it's not his money...
QE3 for what? Markets are doing fine. DOW up +100, no problems anywhere.
unless your holding BAC
Oh no I'd never be so stupid as to hold some Blight on America stock.
The markets are "stabilized" according to Yahoo...
http://www.youtube.com/watch?v=Jg1uyRJjqaQ
True, Ben's presumably out anyway in 2013, and his place in history can't be made any better by stopping the idiocy now. And with the BOG packed by Obama with doves, and a Goldman guy at the NY Fed, it's pretty easy for him to run right over the other Fed presidents.
But he's still an academic at heart and his ass-covering instincts are pretty powerful. He won't yet signal QE3 at Jackson Hole, that's for sure. Not till more scarier data comes out.
He will annuonce something even more scarrier (since he will be out 2013).... OT1
Good to know that all the banks have handed in their QE3 questionaires. I guess they all put down that QE3 should be $900B.
http://www.scribd.com/doc/61684192/Rick-Perry-s-Texas-A-M-Transcript
Rick-Perry-s-Texas-A-M-Transcript
1. His grades get worse as time goes on.
2. D in Principles of Economics in his senior year.
3. He was an Ag major. The course work is not difficult.
Here's the Wikipedia article on him:
http://en.wikipedia.org/wiki/Rick_Perry
"I would have not lasted at Texas Tech or the University of Texas. I would have hit the fraternity scene and lasted about one semester.”
Definitely US leadership material. As our problems get worse, our leadership becomes more idiotic. Smart people don't want the job. This could be Darwinian selection in action.
This guy tells people what they want to hear and then does the EXACT opposite. I know his type well. I could live 100 lifetimes and Rick Perry wouldn't get a single vote from me or anyone in my immediate circle. His handling of the border tells me EVERYTHING I need to hear about what kind of American he is. He is bought and paid for by corporate and banking interests lock stock and barrel. Ogolfer gets my vote before Perry.
See? Told ya just come here for the SPORT. This made my journey worthwhile.
Then what will happen to my mortgage with BOA?
hopefully , you are still not paying that mortgage
How about a real answer to his question... I have the same one.
It will be probably be owed to the Morgue or WFC if BAC falls. They will gladly take it with a .gov backstop against any claims arising from CW or BAC fraud. It ain't gonna go away if that is what you are asking.
It will get transferred to a new bank and it will be smooth as glass. I had a mortgage with Indy when it went belly up, 10 days later got a letter transferring the mortgage to a new servicer. The mortgage had already been sold to Fannie and was just being serviced by Indy. I now have a mortgage with BAC and most likely Fannie is already holding it, and BAC is simply servicing it. The servicing will get move to somebody else, the big question I have is what happens to my escrow. When with Indy we had a 3rd party escrow, this time we have a BAC escrow.
From your perspective? Not much but the logo on your monthly bill. A morgage is considered an asset, which is aquired from a $FailedBank by $GovtAgency and then sold at auction to $HighestBidder - most likely $NotYetFailedBank.
The real question is what happens to the CC debt under BAC? Unsecured credit card debt will get sold off to some other conglomerate for pennies on the dollar who will then try to pretend like nothing has happened and that you the debtor still owes them 100c on that dollar that they probably only paid 10c for. I will offer the new company 13c on that dollar to pay the credit card off. I will make it clear that this is a one time offer and after that they will receive DICK from me since BAC is dead and the debt with them is now illegitimate. I encourage all to work on their own deals with whoever vultures the unsecured debt expecting 100c on the dollar for it from j6p. Fuck that nonsense, not on my watch they don't.
I don't think Mr. Market is reading the same stuff I am.....BofA, financials leading markets up (apparently not down yet), is this the delusional phase of the addiction?
Bank of Asshats needs to harden the fuck up and go issue some equity.
I'll buy that shit you pussies.
And I will continue eating your lunch and forgetting to thank you.
Lets see....we just got downgraded due to our insane debt and leaderless economic policy which stinks.....HEY I know! Lets do more of the same!
Yup. That's the formal definition of insanity.
Charlie Bravo
It's only insane if you ignore their gold purchases. Everything related to kicking the can in a system that cannot be saved makes sense when you look at what they are actually doing.
Isn't "Operation Twist" supposed to be QE3?
What do they mean by "reset the benign prepayment expectations"
"reset the benign prepayment expectations" = Ricky Parry will need to double down on the pro for the quid?
Amazing.
They're finally stepping out to say what we've all been saying for months (if not years).
I guess the end times are nigh. At least for BOFA.
Charlie Bravo
Shit in your pants, bitchez.
Anyone here using Wamu or any other bank that failed or 'integrated' into another bank back in 2008 - for online bill pay? And was there a smooth transition to it all for you - as to not skip a beat? Appreciated....thx.
Online billpay? We're going back to stone tablets, bitchez!
Yes WaMu to chase for my bis no problem
Thanks - i'd figured. Just checking.
Yeah. My bank was one of the two that failed in 2008 (I think...). Netbank, given to Everbank.
No problems at all.
To BAC: Die. Bitchez.
Joe Pesci goes to BAC to make a withdrawal...classic way all bankers should be dealt with!
http://www.youtube.com/watch?v=mbwqeSV8Wc4
Hey BAC, go home and get your f%cking shine box.
Hey Bernanke, go home and get your f%cking shine box.
For those on Zh who still believe in Reaganomica and the mind set that allowed its creation here is an interesting recap today in BI :
http://www.businessinsider.com/heres-how-deregulated-laissez-faire-trick...
<- do you think this can happen?
<- do you think this will not happen?
A little reverse psychology?
Friday Jacksons hole BB says every thing is OK look at the numbers “naturally all fudged” and then goes on to say no need for QE3 we are recovering.
Meanwhile “ ( the market has priced in roughly $500 billion in QE3 already).” Before the meeting is over the markets plunge and all shit breaks loose. A special emergency meeting is held during the weekend late Sunday its announced that QE3 will happen all the sheeple rejoice.
We are just so oversold some sort of a bounce was obvious. How long it lasts and what happens when the head inmate pontificates, only he knows.
These green shoots are awesome...for me to poop on.
"Silver shoots amongst the green, tra la la; trying to make up a song, I guess engineers were not designed to make up songs. Everyone please note; next Monday is a business holiday in England. or the UK, or whatever the fuck you want to call it; what this means is that New York "feels" they can play faster and looser on Friday; and Monday; so be aware.
Yep, green shoots that have been shit and puked on by this lying douchetard:
http://www.youtube.com/watch?v=n6qo2S84r5w
What wait? So now the Fed and the "authorities" will do nothing and look like genuses? Brilliant! Dump time! There are two sides to every trade, but only one side to all these assholes.
When I read "a quadraphonic message of hopelessness", I could not resist (my apologies, in advance, to those who will be troubled to skip over this post).
We'll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgment of all wrong
They decide and the shotgun sings the song
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
And I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
Change it had to come
We knew it all along
We were liberated from the fall that's all
But the world looks just the same
And history ain't changed
'Cause the banners, they all flown in the last war
I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
For I know that the hypnotized never lie
Do ya?
There's nothing in the street
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Is now the parting on the right
And the beards have all grown longer overnight
I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!
YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!
Meet the new boss
Same as the old boss
I guess I'm just showing my age and yes , I know it is not really from Quadrophenia.
h/t to TD for the space.
Shiny happy people laughing
Meet me in the crowd
People people
Throw your love around
Love me love me
Take it into town
Happy happy
Put it in the ground
Where the flowers grow
Gold and silver shine
Shiny happy people holding hands
Shiny happy people laughing
Everyone around love them, love them
Put it in your hands
Take it take it
There's no time to cry
Happy happy
Put it in your heart
Where tomorrow shines
Gold and silver shine
Shiny happy people holding hands
Shiny happy people laughing
Helpless Dancer (OK, not quite hopeless but close)
When a man is running from his boss
Who holds a gun that fires "cost"
And people die from being cold
Or left alone because they're old
And bombs are dropped on fighting cats
And children's dreams are run with rats
If you complain you disappear
Just like the lesbians and queers
No one can love without the grace
Of some unseen and distant face
And you get beaten up by blacks
Who though they worked still got the sack
And when your soul tells you to hide
Your very right to die’s denied
And in the battle on the streets
You fight computers and receipts
And when a man is trying to change
It only causes further pain
You realize that all along
Something in us all went wrong
You stop dancing.
This should be expected! The banks lobbied very hard to exclude any future political intervention in the new financial reform bill. The banks created an environment that essentially circles the wagon (group think) on any of their actions.
They wanted to never go back to congress to get authorization for a 'TARP' in a crisis...
The result will be close minded decisions made by bankers that will have poorly thought out political consequences. The saying 'Be careful what you wish for' seems appropriate. Soon, the bankers will start blaming the government for their failed actions. In such a politically divided country this will probably work and prove S&P correct in exposing a broken political system.
"Operation Twist" will be even more "powerfull" than QE2 to boost asset prices....WARNING
FED funds anchored @ 0-0,25 untill 2013 and on Friday operation twist....
Flattening curve is not what it used to be, at least not this time...
News blurb from 2020: the bernank said the economy still sucks so he will be forced to give the banks more bonuses in the form of QE19 as anticipated.
BOA basically said "Don't tase me bro.".
They are hanging on by a thread and are afraid they are about to have their last bit of air taken out of the room by Bernanke.
Doesn't anybody react on the fact all the governments spend trillions like the rest of us spend 100$?
Personnaly, I don't care because I make money everytime they fuck it up, but for the rest of the taxpayers, it will hurt sometime soon.
Looks like the DOW will end another day in the red so it seems.
What are you talking? We're having a magnificent rally; it's up 79 thingies; or there-abouts. What time is it in Belgium when it's 15'oclock?
happy hour?
Obviously BofA will sell their credit card business to someone so if I load up my 30k limit with no intention to pay it back someone will be calling. Then that bank will just write off the loss when I don't pay but they will sell the collection rights to an outfit of criminals and they will be knocking on my door and sending black flash mobs to my house to collect the money.
As much as I would like to screw BofA for one, raising my interest rate to 30% even though I was never late or used the card, cutting my credit line $20k in 2009 when I bought my house which caused my credit score to drop 30 points to a 725 which almost made it impossible to close my loan, and then raising my credit line from $10k back up to 30k three months after I bought my house.
Yes I want them to burn but I really don't want the authorities looking into things when there are a whole bunch of dead debt collectors at my front door.
I was just joking about doing that, but they are also servicing my mortgage and escrow and might be holding my mortgage, now I'm getting nervous that my escrow disappears...and my Sept 15 tax payment might get missed
Nahhhh, just tell the collectors to never contact you again regarding this matter. It's called a "drop dead" notice. It's actually illegal to contact you again, even by mail, and you can also sue them, and (almost) automatically win $5000 when no one shows up and you are awarded a summary judgement.
http://www.clarkhoward.com/news/clark-howard/consumer-issues-id-theft/sa...
In the old days the function of banks was to accept money from depositors and loan it out to creditworhy people who needed to build houses, factories, expand their businesses, etc. And the bank collected interest on those loans and returned some portion of that back to the depositors.
Now banks accept money from depositors, and loan it to the Fed (in the form of excess reserves) or to Uncle Sam (by buying UST's). And they pay practically nothing in the way of interest. But they do pay large bonuses to their management.
Before, banks were a critical link in the real economy. Now they are just a vehicle for financing the US deficit. Would it really be so bad if they all went belly up?
This sounds like a typical argument I have with my wife. I get blamed and ridiculed for things which haven’t happened yet as a consequence of something which I either haven’t done yet or haven’t not not done yet. It doesn’t leave much room to please. And since I’ve already taken the hit for being wrong, why even try to do it right?
Why do I have this sinking feeling in my gut? Something tells me no one will be laughing at Friday Humor this week. Everyone is talking of safe havens. Got PM?
Silver bitchez!
BAC to USA: The sky is falling!
USA to BAC: Where's my money?
This is so Wag The Dog. Our economic system is on the precipice, as it were, and the cliff edge is crumbling. BUT OH LOOK OVER THERE! LIBYA! PRESIDENT GUTSY CALL DOES IT AGAIN!! WHAT?
We're so boned....
there is a PPT force preventing stock indicies from going into the red
yet the vix wont go down meaningfully
hedge funds must be wrapped in a preztel 2day
Well it looks like this day is solidly in the green. Stocks are up, gold is up, Oil is up, and the dollar is somewhat up. I love all the stories how a stronger dollar means traders sell commodities and buy them when the dollar weakens. They always pull the correlation out when it works but never use it when it doesn't.
The truth is that there are no correlations with this broken market. Nothing makes sense because it is all a vapor volume computer based scam. I think the computers are trying to make brain wave signals out of the market to spark the consciousness of the Algo AI.
I mean look at some of the charts, they are starting too look like something straight out of an EKG.
What a bunch of crybabies at BAC. Things are tough at BAC? Too bad... we welcome them to the rest of Ameribanana.
Plenty of other businesses have already gone under. Now BAC thinks they're special? The banks played and they lost, now they need to pay. We already want our money back from the last time. It's our turn to foreclose on BAC and the rest. Next up: MS, CITI, JPM, and GS.
Not even with rigged markets and rampant criminality are they able to save their asses. BAC bank run, bitches.
let them BURN
Well I'm sure Ben is looking forward to his little get together in the great midwest. The guy's due for a meltdown, too much on him.
I wish we'd at least nationalized these nimrods in 2008 we wouldn't have to listen to them drone on about how bad their work has made the world.
BAC - give us TARP 2 or...or...we will shoot ourselves....
Now that their a$$ is singing in the fire, their rose-colored glasses are coming off! Hmmmm! Like Chef Ramsay says, "I love the smell of sizzlin' a$$ in the mornin."
looks like the banks are sandbagging Jackson Hole to create that "element of surprise" that the Fed supposedly needs.
Hi all
BOA can suck my smelly goat butt. It was bad enough that Countrywide bought my loan from a "respectable local lender" but then to have BOA hoover up CWide? Then slice n dice (likely) my little bit of debt holding a roof over my head into bad bet swaps. Ive paid for the house+ in the last decade. Bastids can all snort snails and die!
PS...first post...thought it should have some passion.
You came out swinging. Nice entrance. Welcome to Fight Club. You'll get a bloody nose and a few nice cuts over the eyes, but just hang in there.
Four legs good ;-) - Ned
Hi all
and of course post #2 is a stupid double post...sorry!
GS just fell about 1.50 in the last few minutes......ummm....make that 2.00......
....make that 2.50
New gold highs, bitchez. 1895.
$1900.80
Fuck YEAH!!!!!!!!!!!!!!!!!
Bubbles will speak to us this Friday? Oh what joy. Sweet rapture!
Should I short the market before or after his pablum?
closing fade bitchez
In other News:
Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter.
http://www.reuters.com/article/2011/08/22/us-goldman-blankfein-idUSTRE77...
Goldman still tanking.....last 10 or so mins......down over $4 now......was only down about 50c at 3:45p.
OT: Squid in trouble?
Seems like schmidt hitting the fan over there. Carbonmutant....thanks for input....that says quite a lot right there......now down over $6....mostly in last 10 mins or so.
Guess maybe the BAC news is hitting, gold bumped up $42.50 to $1896.60, *sneeze*, now $43.60 $1897.70. I think we're going over $2000 this week. Ag is breathing down the neck of $44 today.
yep
scary thing is, there really isn't anything that can bring the price down, either.
paint the tape on S&P. Interesting!
You know things are broken when Google finance is running the following headline in financial news: Lindsay Lohan Wore Pippa Middleton's Dress to Kardashian Wedding.
Sorry, but that is just a bit much.
Didn't she have Amy Winehouse's corpse draped over her shoulders too? Sort of a shrug or sarape look.
Wow! On Google finance Just saw Goldman jump back up from over 5% down at close to 2% down then back to 5% down then and then 3% still moving....6 mins after close....what gives? Probably just computer glitch.....if refreshed it goes back to %4.7 down.
Play-by-play of one-minute barz delayed by what, 20 min?
We gonna need a whole lotta stim
Starting to sound like BAC is not all that's unwinding...
"we are moving closer to a repeat of 2008, when major policy errors devastated the economy." What major policy errors is he talking about? They threw everything they had at them. PPT, short selling bans, Mark-to-Fantasy, (less than)ZIRP, etc. Macro overrules short term over time. The political climate is going to make it very difficult for the Fed to attempt to ramp anything publicly, probably covert this time around. BAC forced to take CCW so it's hard to think they will be left to fail. RON PAUL 2012.
It's become painfully obvious there has been ZERO SYNERGY here.
I think it's the definition of BHO's entire admin to this point.
BOA, talk about the Pot calling the Kettle black?.
666th sign that the world is coming to an end:
Lindsay Lohan Wore Pippa Middleton's Dress to Kardashian Wedding
Is at the top of the Google Finance page.
HEELLLOOOOOOOOOO!! BER-SKANKY HAS. GOT. TO. GO!!! PRAY FOR A SNIPER WITH A ACCURATE AIM!!
um, he's just a puppet of a front organization? wth would that achieve?
They would have to find a new puppet. They would at least be inconvenienced temporarily.
Maybe they would pick up cramer. At least keep the entertainment machine cranking.
QE 45 Booyah, bitchezzz.....
This is either the banks trying to scare Bernanke into doing something, or it's a "Cover Your Ass" report. Earlier this morning, I posted two different UBS retail reports. On August 8th, they were saying "sit tight" and don't sell -- and today they're reducing their equity allocation recommendations. Did anything really change over 2 weeks?
Sounds to me like C and BAC are crying for more trillions. C did a 10:1 split and is actually less than a $3.00 stock and is still gravitating towards zero. In fact all the bank charts look like shit. Fuck this sob's, they're literally sucking the life out of everyone in this country. They need to go by by and the US needs to default. I'd rather do it when im still half way young and can beat someones ass if I have too. They'll have everyone of us in tent city trying to cork the blackhole of the universe known as wallstreet.
And of course the earth's asshole (DC) just keeps spewing massive recovery stories all day everyday. I don't care which sack of shit gets elected it will just end up as 'your voice has changed, but your breathe smells the same' policy and we're gonna get fucked over it. With no reach around I might add.
Well, bac should take half a billion back from the tan man mozilla for his countryfuck robbery.
I see Gold hit over $1901... and Silver $43.95. Looks like someone expects more stimulus from Jackson Hole.
I don't know about that. I think it's more of a case of the world going to shit.
Well if that's the case since I already mentioned that DC was the worlds asshole we might should move out of the country asap.
Perhaps they think there will be more shit coming from Jackson Hole.
when BAC speaks, only a fuking shitforbarined moronic asswipe wld listen
They don't have a good track record, except as the Countrywide bagholder.
doya think i got junked for the typo, gwar? or the "abusive language" (from falakpenis, perhaps) or (gasp) the content?
the career ambiguitards & compulsively self-sarkng nutcases must be happy, these daze! thier "scores" from their touch-hole buddies must be very helpful to their...unhhh...psychoses
3.14-rat. I think it is ur four-legged attitude that pisses off the pussy junksta' who can't even comment.
... haven't heard "touch hole" in a long time ;-O .
- Ned
L0L!!!
falakpenis slewie's BiCh, now, too!
It's blackmail. Kind of obvious isn't it? They offer to help Rick Perry get the nod? Perfect candidate because he will become the honky porn king just before election. Bachmann is going to be found out as a dominatrix and pork sausage queen bee, Palin has already eaten her sausage, and Mittens is like a flag in the park waiting for the wind to blow. Who wants Perry to run? The white house. This time the old guy is their worst nightmare again. Just that this one still has his marbles.
The guys trying to extort money for getting Perry nominated are using that to get bailed out again. Of course i am not a professional guesser and disavow any semblance to reality this might suggest.
Who is the independent candidate that isn't full of shit going to be that can take the vote? Or will Ron and Dennis join forces as a super president? There are about 12 people in congress that care about our welfare. Funny that they are at what the media describes as the radicals of their parties?
These outcasts believe in the rule of law. How unique is that in congress?
Common buddy.
contrarily to .gov belief it's not criminal to have rational thoughts / advise.
" Of course i am not a professional guesser and disavow any semblance to reality this might suggest
I just sold my silver and went long on umbrellas as the monopoly money is about to rain from the sky!! (I didn't really sell my silver). :)
Wait a min... BAC closed down nearly 8% today right? MW is now showing them up .78% - is that after hours trading I'm seeing or is there some glitch or ???
A crisis of leverage moving to a crisis caused by a lack of confidence in government.
How many of you will trade in your gold if the DJIA and gold hit parity?
Not I.
For what?
I won't but feel free to sell me yours.
1917.9 HOD so far.
Someone really wants this MBS thing settled. Playing the MAD card. They're so fucked.
Gold $1900, bitchez!
Non-banking death: Michael Connell, an IT expert said to have been directly implicated in the rigging of George W. Bush Jr.’s 2000 and 2004 elections (since the Republicans cannot ‘win’ US elections without rigging them these days, as previously explained, due to deliberately arranged demographic factors) was killed on 19th December when his single-engine private plane crashed three miles short of Akron airport. Mr Connell was reported to have told a close associate that he was afraid that George Bush and Vice President Cheney would “throw [him] under a bus”.
It had earlier been verified that Carl Rove had threatened Connell and his wife, Heather (sounds familiar?). Mr Connell had flown to a small airport outside Washington DC on 18th December 2008 for a meeting. On 31st October, Mr Connell had appeared before a Federal Judge in Ohio after being subpoenaed in a Federal lawsuit investigating the rigging of the 2004 election under Karl Rove’s direction. The Judge ordered Mr Connell to testify under oath at a deposition on 3rd November 2008, the day before the election.
The Bush White House was reported to have become extremely concerned that Mr Connell planned to divulge details of his secret illegal work for the White House. Heather Connell owns GovTech Solutions. Both GovTech and an IT firm called SmartTech of Chattanooga, TN, have been implicated in the rigging of the 2000 and 2004 elections and a White House email scandal.
Yep, Mortimer and the other asshole bet they could elect a moron for president.
Double or nothing? Betcha we will get a black in the white house next.
I'm kinda hoping for a real hot lesbo next.
Maybe the Maya, Vedics, Sumerians, etal were all right and the "gods" will in fact return on the precessional winter solstice. Can't be any worse than the monkeys currently running the show... :)
https://www.gunsgrubandgold.com/forum
Lets do this thing!
gold seems to be moving daily, why does silver seem to be stagnant
hey, 1-I!
gold was up 6% last week, silver, only 8%. both up 2%, 2day...
...and some are saying it (Argent) has now: a) broken out, and b) confirmed same... so thxz for saying "seems" since a cogent and accurate post is, as the audubon society would put it, a "rare bird alert" here, sometimez...
peace, love, and cosmetic surgery forever! (p.s. slewie is on his third nose. the first was bad enough; the second due to an immortalized tackle as 3 asswipes, the second of which ripped my helmet clean off, were trying to block for some red-shirted "high school" fullback who was looking to make a first down around my end of the line 0'scrimmage; the third due to being sucker punched by somebody with the IQ and psychosis equivalent to that of falakpenis...who is now, btw, serving a life sentence, also as "somebody's BiCh" b/c he, somehow, made the requisite # of felonies for the "small queen" under californicating law... hey! i didn't know she was his girlfriend, ok? trust me! not that i woulda cared, but i mighta snapped his arm off, blinded him, and ripped his fuking windpipe out if i had only known, and been a bit more ready for that toy-boy asswipe's assault...but since he was on parole, some goobermint ended up paying in full for my new nose, and 3 weeks, hospitalized [on demerol!], outa maybe 4 months, while i insisted they get this fuking nose the way i wanted it~~prob abt $300K in "today's dollarz"... so i have, twice now, had a worse-looking face than you... so there!)
Buttfucked On Account of Being Ordinary Americans. BOA - Two, Two, Two Aconyms in one!
I also smell a coordinated dump also, by the way isn't BofA about to come under investigation again?
I say B of A needs to hire back Keith Hennessey, Bush's last Eco main man. Yea, the guy who spent an entire morning on CNBC (he and Joe K. had a thing goin ya see, rigth Joey ?) in the summer of 2008 harping on how wonderful things were. Then he went to B of A and did not recuse himself as part of the Fin Crisis Panel when Moynihan testified. How fucking distgusting. Yea, Obama is a fuck up too but the stench from Bush (who ?) is still all over the place....
B of A are a bunch of aaaase- holes.
Stocks: Zero net move since the spring of 1998.
... we think we are moving closer to a repeat of 2008, when major policy errors devastated the economy.
Yea, YOUR damn policy errors morons, fucking criminals, you should have gone down in '08 with the rest of your criminal bankster cronies.
Bernanke and Timmy feel letting Lehman and Bear fail was a mistake. Bac will be bailed out. Europe will be bailed out. They'll be quiet about it this time. No loud debates about Tarp.
There won't ever be a gold standard again. You think the elite will share power with Chavez. LOL!
the pressure to “do something”...will result in $10,000 gold sooner rather then later as Mr Maloney predicts.
"Desperate measures", like, receivership?
Naw, that couldn't happen.