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    05/26/2016 - 05:58
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Will Today's Second "Reverse POMO" Serve As Merely Another Capital Transfer Mechanism From Taxpayers To Banks?

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Wed, 10/12/2011 - 10:32 | 1765597 nmewn
nmewn's picture

Weekend at Bennie's!

Wed, 10/12/2011 - 11:40 | 1765939 covert
covert's picture

no wonder there is envy everywhere!

http://expose2.wordpress.com

 

Wed, 10/12/2011 - 10:33 | 1765602 Iriestx
Iriestx's picture


Will Today's Second "Reverse POMO" Serve As Merely Another Capital Transfer Mechanism From Taxpayers To Banks?

 

Does the pope shit in the woods?  

Wed, 10/12/2011 - 10:38 | 1765627 SeverinSlade
SeverinSlade's picture

Holy shit!

Wed, 10/12/2011 - 10:52 | 1765697 bigdumbnugly
bigdumbnugly's picture

long KY

Wed, 10/12/2011 - 10:55 | 1765708 lizzy36
lizzy36's picture

If one thinks about it outside gold KY really is the only appropiate retail investment for the long term.

Living the Cramerica Dream.

Wed, 10/12/2011 - 11:16 | 1765812 Problem Is
Problem Is's picture

No... The pope shits in John Thain's $35,000 toilet paid for by tax payer bailout money... like all of Merrill's bonuses...

Pope got it a bankster yard sale...

Wed, 10/12/2011 - 10:39 | 1765634 firstdivision
firstdivision's picture

The market says "yes". 

HFT: Fucking up the markets since Janurary 16, 1974.

Wed, 10/12/2011 - 10:45 | 1765652 r101958
r101958's picture

"Will Today's Second "Reverse POMO" Serve As Merely Another Capital Transfer Mechanism From Taxpayers To Banks?"

Short answer: YES.

Wed, 10/12/2011 - 10:45 | 1765662 No One
No One's picture

What isn't a Capital transfer from taxpayers to banks? That might be a more difficult question to answer.

Wed, 10/12/2011 - 11:33 | 1765887 Lord Blankcheck
Lord Blankcheck's picture

There are purchases today also,$3.25-4Billion of 4/30/2017 thru 9/30/2018

 

Final day of current TOTO schedule

Wed, 10/12/2011 - 10:43 | 1765653 unununium
unununium's picture

Here's a plan:

 - Nationalize one bank (BAC).  It's going to happen anyway.

 - Use its manpower and trading systems to cut the middleman out of Fed operations by dealing directly with BAC account holders

 - While we're at it, why not issue mortgages directly to the sheeple too.  The Fed winds up owning them all anyway.

Socialism - yes.  But better than the current kleptocracy.

Wed, 10/12/2011 - 10:49 | 1765685 No One
No One's picture

Here's what we'll get - After QE7, there will be no sustainable econmic recovery. So,  the Fed will announce that it will pay 100% of the U.S. consumer's unsecured debt, and 50% of their outstanding secured debt, allowing our consumer based economy to consume again.

 

Wed, 10/12/2011 - 10:46 | 1765671 4shzl
4shzl's picture

Front-running the Fed is the only game in town -- not working so well at the long end though.

Wed, 10/12/2011 - 10:47 | 1765675 Schmuck Raker
Schmuck Raker's picture

[sob]

Wed, 10/12/2011 - 10:48 | 1765678 SheepDog-One
SheepDog-One's picture

Gee lets see...'will todays covert FED manipulation with billions in the market cornhole taxpayers for the benefit of banksters?'...

I'll take 'No question about it at all' for $500 Alex...

Wed, 10/12/2011 - 10:58 | 1765721 TooBearish
TooBearish's picture

Believe Bens including money market fund s in the bid pool for this short paper, TY

Wed, 10/12/2011 - 11:04 | 1765754 nmewn
nmewn's picture

Didn't break through it Bennie...what now? ;-)

Wed, 10/12/2011 - 11:08 | 1765772 TooBearish
TooBearish's picture

8x bid to cover

Wed, 10/12/2011 - 11:10 | 1765780 Problem Is
Problem Is's picture

"Bailout My Bonus!!"

Wall Street's only plan... besides fraud...

Wed, 10/12/2011 - 11:19 | 1765826 NotApplicable
NotApplicable's picture

Well, it is election campaign kick-back season.

Wed, 10/12/2011 - 11:16 | 1765815 slewie the pi-rat
slewie the pi-rat's picture

this is bullish4bullshit right?

Wed, 10/12/2011 - 11:23 | 1765849 Mae Kadoodie
Mae Kadoodie's picture

Occupy bond desks?

Wed, 10/12/2011 - 11:26 | 1765861 Bansters-in-my-...
Bansters-in-my- feces's picture

Fucking thieves.

USA GOVT ARE TERRORIST.

Wed, 10/12/2011 - 12:36 | 1766210 Hedgetard55
Hedgetard55's picture

Ben is selling the very bonds he bought at a premium in QE2, again at a second premium for the banks. Of course the tax payer is getting screwed and the banks blown.

Wed, 10/12/2011 - 12:54 | 1766279 PulauHantu29
PulauHantu29's picture

"Why steal less when you can steal more," they say on Wall Street these days.

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