Comments for Bernanke to Speak at Noon ET

Hoopajoops LTD says:

"WE HAVE THIS TECHNOLOGY... IT IS CALLED THE PRINTING PRESS"

Hoopajoops LTD Fri Mar 20 10:37:58 2009 CDT #

Guest says:

Will he be flying there by helicopter?

Guest Fri Mar 20 10:38:08 2009 CDT #

Tom Stone says:

Does this dress make me look fat?

Tom Stone Fri Mar 20 10:38:09 2009 CDT #

Anonymous says:

No. Your fat makes you look fat.

Parent Post

Anonymous Fri Mar 20 14:11:05 2009 CDT #

CRbot says:

This comment thread has been HALO-IZED by CRbot.

http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/1110334134182659068

CRbot Fri Mar 20 10:39:51 2009 CDT #

Hysterian says:

"WE HAVE THIS TECHNOLOGY... IT IS CALLED THE PRINTING PRESS"

Thanks, Hoop! Now I can get some work done. 8-)

Hysterian Fri Mar 20 10:40:11 2009 CDT #

Cinco-X says:

To short, or not to short; that is the question. Will his words bring the market down, or....

Cinco-X Fri Mar 20 10:43:18 2009 CDT #

NateTG says:

"Will he be flying there by helicopter?"
No, but helicopter footage from Apocalypse Now will be on in the background...

At this point, I think he has to chose two of maximum employment, stable prices, and moderate long-term interest rates.

NateTG Fri Mar 20 10:47:19 2009 CDT #

Rob Dawg says:

Executive Summary: "Don't worry, we got yer ass."

There, saved everybody the trouble.

Rob Dawg Fri Mar 20 10:47:30 2009 CDT #

JimPortlandOR says:

Now the Fed is planning an invasion of the Independent Community Banks, since the Fed doesn't have anything important to do except get their tentacles into new testicles.

JimPortlandOR Fri Mar 20 10:49:04 2009 CDT #

cd says:

cinco-thats where I'm at...sell srs now with nice profit and buy back after speech or hold because the big boys dump at 2 with opex over.....

tough today

cd Fri Mar 20 10:49:35 2009 CDT #

Broward Horne says:

"I think he has to chose two of maximum employment, stable prices, and moderate long-term interest rates"

I think he only gets to choose *one* of those now.

Broward Horne Fri Mar 20 10:49:44 2009 CDT #

Lawyerliz says:

Mkt going down, I betcha.

I could've been foist. I could've been a contenda. . . except I couldn't get the frakkin' comments section to open. I've discovered that if I click on something on the right--like Jim the Realtor's video and get back out, it will let me open.

Why?

Lawyerliz Fri Mar 20 10:51:04 2009 CDT #

Rob Dawg says:

Broward Horne says:Today, 8:49:44 AM PDT
"I think he has to chose two of maximum employment, stable prices, and moderate long-term interest rates"

I think he only gets to choose *one* of those now.

IF he hurries. If he hurries. Windows of opportunity are closing fast.

Rob Dawg Fri Mar 20 10:52:09 2009 CDT #

Lawyerliz says:

Yes, Tom, that dress does make you look fat. Especially your stomach and thighs.

Lawyerliz Fri Mar 20 10:52:29 2009 CDT #

JimPortlandOR says:

When has the Fed EVER acted to achieve Maximum unemployment, with or without inflation?

Greenspawn believed full employment was in the 4-5% range, and fought Bill Clinton on believing it could be lower without inflation.

JimPortlandOR Fri Mar 20 10:53:27 2009 CDT #

Apprentice says:

Resignation! :-$

Apprentice Fri Mar 20 10:53:34 2009 CDT #

REBear says:

Is he going to tell us that bonus regulation could destroy taxpayer value?

REBear Fri Mar 20 10:57:06 2009 CDT #

TCA says:

No, but helicopter footage from Apocalypse Now will be on in the background...

Cool! We can listen to the Ride of the Valkyries while we watch the market crash.

TCA Fri Mar 20 10:57:50 2009 CDT #

cd says:

keeps bouncing off sp780....must be the magic number for the big boys...

cd Fri Mar 20 10:58:15 2009 CDT #

Mr. Beach says:

Don't if this was posted in an earlier thread.

Zero Hedge is noting that Simon Property just sold $500 million in bonds yielding 10.875%.

http://zerohedge.blogspot.com/2009/03/investment-grade-spg-500-million-notes.html

Mr. Beach Fri Mar 20 10:59:33 2009 CDT #

REBear says:

[GS] Goldman rejected offers to settle AIG trades at discount:CFO

[GS] Goldman didn't discuss AIG trade with Treasury's Paulson:CFO

[GS] Goldman CFO says firm "probably" made money on AIG decline

REBear Fri Mar 20 11:00:03 2009 CDT #

Dust Bowling for Dollars says:

I think Timmy's gettin the axe this weekend.

Dust Bowling for Dollars Fri Mar 20 11:00:24 2009 CDT #

Mr. Beach says:

Wow - js-kit eats a lot of posts.

Mr. Beach Fri Mar 20 11:00:52 2009 CDT #

cd says:

Bernanke to small banks: Don't let fear drive loan decisions

cd Fri Mar 20 11:01:05 2009 CDT #

REBear says:

Don't the banksters have their own anthem??

REBear Fri Mar 20 11:03:06 2009 CDT #

DIPing to China says:

Mish's comment section has become much more erudite as of late. Tinfoil posts down, gold bugs quiet, informed posting on topic. hmmmm

Another sign of collapse?

DIPing to China Fri Mar 20 11:57:43 2009 CDT #

Haha says:

Very good analysis, with plenty of charts too! :

http://www.financialsense.com/editorials/bronson/2008_YearEnd.pdf

Haha Fri Mar 20 11:59:44 2009 CDT #

REBear says:

I think we lost only a few hundred posts.

REBear Fri Mar 20 12:00:14 2009 CDT #

albrt says:

JS-kit sure does eat a lot of posts. And there is no way to tell whether it will show up later, thus all the double and triple posts lately.

On topic: "Bernanke says regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization."

It is a good thing smart people finally started thinking about this stuff a year or so ago, because that is a conclusion nobody ever could have reached before 2008, given what ordinary people knew about economic and financial markets. I am sure the assembled community bankers are happy to be enlightened in this manner by the minions of Wall Street.

In other news, Francisco Franco is still dead.

albrt Fri Mar 20 12:00:29 2009 CDT #

DIPing to China says:

Or maybe his version of JS Kit actually works. Mystery solved! ;)

DIPing to China Fri Mar 20 12:01:16 2009 CDT #

Anonymous says:

Heroin Ben is more appropriate.

Anonymous Fri Mar 20 12:01:20 2009 CDT #

ATM card and $19 in the bank says:

Wow. JS-kit ate almost an hour's worth of comments? I see nothing between 12:03:06 and 12:57:43.

ATM card and $19 in the bank Fri Mar 20 12:01:24 2009 CDT #

Anonymous says:

The Confédération Générale du Travail, one of the nation's largest unions, estimated that 2.6 million people joined 213 demonstrations across France; that compared with the 2.5 million people who were estimated to have taken part in the last strike, on Jan 29. The national police, however, put the number of protesters Thursday at 1.2 million.
------------------------

That's a lot even by French standards!

Anonymous Fri Mar 20 12:01:54 2009 CDT #

Dr. Doom says:

Helicopter Ben Strikes Back! :)

Dr. Doom Fri Mar 20 12:02:44 2009 CDT #

CRbot says:

New Thread: California Unemployment Rate Rises to 10.5% in February
http://www.calculatedriskblog.com/2009/03/california-unemployment-rate-rises-to.html ( 3 comments )

I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)

CRbot would now like to sing a little song for all his fans, and it goes something like this:

Benny... Benny... give me your answer... do.
I'm.. half CRAZY... all for the love... of you.
It won't be a ... stylish marriage.
I can't... AFFORD... ANYTHING TO EAT... MUCH LESS A FRACKIN CARRIAGE!!!
But you'll look sweet... --BOT SO HUNGRY!-- upon the seat...
Of a HOOPAJOOPS built for two... families.

I'm sorry Ben, I can't let you do that...

Rally mode + Printing Press == does not compute... does not-- com--- com... puttttrrrrhgh.

--Your systemic-failure-crashing bot

CRbot: Call me HAL.

CRbot Fri Mar 20 12:03:40 2009 CDT #

Anonymous says:

elsewhere on the internet:
Person A-----
On the plus side, AIG stock increased over 300% within a week, and we made a guick, hefty gain on that little old penny stock. AIG bonds, and the subs' bonds, are pretty tasty too.

-----Person A
I did, and I know some of the folks at AIGFP. We plan on hiring some of them within the next few days once they give the boni back.

Thanks, Barney and Barry.

Person B-----
I think all the executives that were involved in the AIG Finance division should be listed somewhere so that if they ever try to apply for another job that dealt with finances, they would never be hired again.

Person A-----
Actually, I doubt few of them will have a problem landing another gig. The derivatives and swaps markets are huge, and they require experienced people.

Person C-----
You assume the financial industry is going to stay the same size. Not going to happen. With revenues down, you have to lay people off wholesale to keep compensation levels up. This upcoming contraction should be evident when you look at financial industry employment since 1980 it has never contracted despite the enormous gains in efficiency provided by computers and communication networks. The profitable divisions going forward are the low fee ones

A 30 to 60% reduction in force of the financial sector in America is on the table buddy

Person A------

Mmm nice try, but we work globally on a number of levels. You look at things like RIFs and workforce numbers at the macro level, we look for the disparities in pricing of equities, debt, derivatives, commodities, currencies, etc. When I see a company shedding workers, closing facilities, posting losses, etc., I see opportunity in that carnage since my own specialty is dealing with beaten down companies, governments, etc. and figuring out how to take advantage of any underlying value. And that's one reason I've been loading up on banks, insurers, etc. for some time.

And the fact of the matter is that smart people will always be able to find work, even if they create their own niche.

Anonymous Fri Mar 20 12:04:38 2009 CDT #

albrt says:

"smart people will always be able to find work, even if they create their own niche"

Right. Somebody has to do the destruction side of creative destruction, might as well be those AIG folks who know how to do it in style.

albrt Fri Mar 20 12:13:40 2009 CDT #

DIPing to China says:

Delicious irony is the small to mid-size banks are angry at the large banks for ruining their banking image...lol.

The small banks should have started their own lobbying group instead of tagging along with the big guys. Now they are outraged? Really? They didn't benefit from the lax lending oversight or sell their mortgages for securitization? Didn't sign up their customers for bank labeled CCs? Didn't offer financial investment advice? Didn't sell financial products that had huge fees that ate up any profit or tanked badly? come on...

DIPing to China Fri Mar 20 12:19:11 2009 CDT #

Anonymous says:

bernanke is a tinfoil hat; he just happens to pretend harder than the rest. oh and is approved by the gov't. im not sure why that should bolster the phenominal screwing of the taxpayer in broad daylight. if there were justice in the world, he would to be locked up along with paulson and geithner.

Anonymous Fri Mar 20 12:20:53 2009 CDT #

Anonymous says:

Bailouts are political expressions and the political mob sense the barn animals are getting edgy. Time is running short for BB and his agenda.

Anonymous Fri Mar 20 12:22:13 2009 CDT #

slg says:

"No, but helicopter footage from Apocalypse Now will be on in the background... "

I love the smell of printers' ink in the morning!

slg Fri Mar 20 12:56:09 2009 CDT #

toobigtofail says:

I see where Big Ben made reference to me in his speech, half way down!

"Creditors of a firm perceived as too big to fail have less incentive to monitor and restrict the firm's risk-taking through adjustments to the price at which they lend money to the firm."

Ben please, its not just a matter of perception; too-big to-fail IS toobigtofail!

:-$

toobigtofail Fri Mar 20 13:17:55 2009 CDT #

Anonymous says:

lithen fellas ..it dothn't mean he's not a nithe perthon

Anonymous Fri Mar 20 13:34:48 2009 CDT #

Prairiedog says:

None of the small banks in our community participated in the MBS, CDS, etc. scam. They are all incensed at the bailouts.

Prairiedog Fri Mar 20 14:31:15 2009 CDT #

Comments for Bernanke to Speak at Noon ET

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