Is a 20 point drop in the S&P too much to ask?
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The Zombie Apocalypse begins when U3 hits 15%
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there is a persistent belief among the PTB that things will be as they say because they bought all the media outlets. however, information is flowing at light speed in this and other arenas. communication is the basis of culture and culture is the basis of evolution. we are in a moment of hyper communication and thus hyper evolution. people are transforming from the role of unquestioning consumer into pragmatic individuals out of economic necessity. all the announcements we call news will not stop the process. all the commercials we accept as reality will lose all meaning when people lose all their money and are them incapable of participating in the feel good, buy now, reality.
even if TV and the internet is all somehow turned off, people will only go outside and talk to their neighbors.
.
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.
and this is precisely what the scam artists and propaganda profiteers should fear the most.
Glad you enjoyed the event, CR. Clearly you've helped educate the right people, and they are getting the message out.
Do you know of Janet Tavakoli? 1929er just pointed out a CSPAN interview with her. She reminded us a little of the inimitable Tanta.... Articulate, an insider who knows her technical stuff, and an ascerbic commenter who doesn't seem to tolerate shenanigans from anyone, and really knows where the bodies are buried in the mortgage loan securitization industry.
Free money - they don't even have to print it -
'The last time U.S. Treasury bill rates headed toward zero percent investors were panicking. Now it's an indication Federal Reserve Chairman Ben S. Bernanke's efforts to revive credit markets are starting to work.
Rates on three-month bills turned negative in December for the first time since the government began selling them in 1929 as investors sacrificed returns to preserve principal. After increasing at the start of the year, rates have dropped 0.20 percentage point since the beginning of February to 0.13 percent on April 17.'
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBpHzUC3dzAw&refer=home
'Below Zero
Three-month bill rates dropped five basis points last week to 0.13 percent. The rate was unchanged today. Bills maturing in three months and less have returned 0.07 percent this year, Merrill index data shows.
In December, bill rates fell below zero as investors sought the protection of the safest government debt in the wake of the September collapse of New York-based Lehman Brothers Holdings Inc., the biggest bankruptcy in history.
Treasury sold $27 billion of three-month bills on Dec. 8 at a discount rate of 0.005 percent, the lowest on record. The U.S. also sold $30 billion of four-week bills at zero percent for the first time. U.S. government debt of all maturities returned 14 percent last year, the best since 1995. '
This is fascinating - 'Foreign investors including central banks own $3.16 trillion, or 50 percent, of the $6.27 trillion in marketable Treasuries outstanding, according to Treasury data. The U.S. needs to raise $3.25 trillion this fiscal year, as the government finances bank bailouts, stimulates the economy and services deficits, according to Goldman Sachs Group Inc.' Does anyone really think that the world is going to double down?
'"The bigger story is investors climbing out of the bunker and starting to take risk again as some of the recent data suggests the U.S. economy" will begin to recover, said Colin Lundgren, who manages $40 billion as head of institutional fixed income for RiverSource Institutional Advisors in Minneapolis.'
Except for the Chinese - apparently, they have another definition of the word 'risk' - probably sounds like 'default' with a tonal shift.
Go outside. Look up to the sky and put your hands in the dirt . That is from where you came and where you shall return, futureman. Your bubble era internet tombstone will be deleted.
Are you a human being or are you iHuman? Are you a sentient animal or an infohuman consumer?
I was lucky enough to attend; searched the audience in vain for a standing CR when they singled him out for praise, but came up empty. Our hero likes to go incognito, I guess.
I thought Alex and Adam were fantastic. They're required listening for anyone in need of either a primer or a reality check.
Adam handled my question about the stress tests with a level of candor that surprised me considering he is a trained journalist (I think he used the term "sham").
'people will only go outside and talk to their neighbors'
But, but, but - everyone is either an illegal immigrant (have you looked around?), a crazed drug addict (have you looked around?), a gang member (have you looked around?), a predator, or a pedophile, or, or, or ....
At least that is the truth as revealed by the majority of posters here - who needs mass media to continue the drumbeat of fear that pervades American life?
"But, but, but - everyone is either an illegal immigrant (have you looked around?), a crazed drug addict (have you looked around?), a gang member (have you looked around?), a predator, or a pedophile, or, or, or ....
At least that is the truth as revealed by the majority of posters here"
those people are your countrymen. they are your brothers and sisters and fellow citizens. like it or not. ignore them at your own peril.
not everyone lives in a plain vanilla envelope of captive unquestioning consumerism. the people you so disdain most likely see the world much clearer than you: from street level.
bu but but,wait. you see druggies, pedophiles, gangs, and aliens.
.
.
rush, is that you?
.
.
.
i see US citizens that were ripped off and we owe them our compassion.
.
.
i see our people starving on the streets of portland. i see doctors driving Bentleys as their hospitals go broke for lack of customers while sick people fall on the sidewalk outside the medical edifices.
.
.
.
http://www.latimes.com/business/la-fi-hospitals2-2009mar02,0,3182541.story
.
.
.
Computers are also made of dirt. Everytime you type you are infact puting your "hands in the dirt" and connecting with the world, just a different form a dirt.
Get with the program or get left behind, in the dirt.
El Lurko, I'll look for the guy asking about stress tests. I don't recall anyone being introduced as El Lurko!
Let me education you people again:
Lower class Americans = druggies, pedophiles, gangs, predators
Upper class Americans = bankers, politicians, military, lawyers
Middle class American = ZERO no longer exists - it is China and India.
That is America.
Another smart financial woman and you must compare her to Tanta. Strained.
' Anonymous wrote on Sun, 04/19/2009 - 11:11pm.
Computers are also made of dirt. Everytime you type you are infact puting your "hands in the dirt" and connecting with the world, just a different form a dirt.
'
Get with the program or get left behind, in the dirt."
Get a name, asswipe.
An operating system is an outcome limiting scheme. Anything that can be used to control outcomes is a mechanism of control. By extending the information processing ability of man and increasing its speed exponentially there is a corresponding rush of forcing outcomes through the funnel of the limiting thought quarantine machine. Forced mass outcomes can be achieved by controlling choices. Computers offer up a limited set of if/then choices. He who controls the choices controls the outcome.
The communications devices and multiple choice web experiences we consume are cutting us off from eachother. Computers homogenize interaction and thought. Social networks stultify real human interaction by making the interaction conform to the plan of the web page which, of course, is only a set of rules. A set of rules is an outcome limiting design.
There are more possibilities for life and altruism than are portrayed as allowable by parrots squawking mass media truisms.
Another smart financial woman and you must compare her to Tanta. Strained.
Well, at least we're giving her viewpoint some consideration and not debating if she's "hot" or not. That's a small step in the right direction.
Good technical indicator is you're a bear, Marketwatch had a positive Sunday Morning Headline....
Good technical indicator is you're a bear, Marketwatch had a positive Sunday Morning Headline....
If it's any consolation, the commenter to the "Steel steals show in Asia" article basically hijacked the thread.
It's not even a conspiracy anymore. It's clear that the big players want to draw in as much dumb money from retail investors as possible before the next leg down.
I know unemployment is a trailing indicator, but I really don't see how anyone sees an imminent recovery (~12 months) when U3 is well on it's way to the teens and more faithful unemployment measures are much much higher.
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The Zombie Apocalypse begins when U3 hits 15%
Tavakoli was early on correlation risk and Ponzi securitization in general.
"Second, to not create incentives for more deleveraging which would deepen the recession."
http://uk.reuters.com/article/marketsNewsUS/idUKN1935061520090420
Do the elite-in-charge really get it?
"Tupuli (member) wrote on Sun, 04/19/2009 - 11:33pm.
It's clear that the big players want to draw in as much dumb money from retail investors as possible before the next leg down."
follow the below and then repeat after me:
.
.
"yup"
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.
.
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=t...
punch in your favorite stock darling, do it daily. feeeel the descent of your confidence.
.
.
.
It's all poker now.
This chart is fairly convincing: http://www.insidercow.com/latestFillings/charts.jsp
I'm shorting SPG so let's hope the money flow is a leading indicator 
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The Zombie Apocalypse begins when U3 hits 15%
"Tupuli (member) wrote on Sun, 04/19/2009 - 11:47pm.
This chart is fairly convincing: http://www.insidercow.com/latestFillings/charts.jsp"'
try BBBY or TOL.
NO big money bought the WFC Easter Bunny rally. None. $680 million flowed out of JPM, BAC, and GS on Thursday a week ago.
http://content.screencast.com/users/Triptico/folders/Default/media/3e798...
'not everyone lives in a plain vanilla envelope of captive unquestioning consumerism. the people you so disdain most likely see the world much clearer than you: from street level.'
Well, my attempt at sarcasm failed - I was agreeing with you. But most the posters here live very, very far from street level - and their view of that street level is profoundly influenced by the daily diet of fear in most information that Americans are surrounded by.
Many tend to feel the problem with their fellow citizens is best settled with superior firepower, or by simply letting the undeserving (not to mention the illegal, as if legality has anything to do with common humanity - imagine the Good Samaritan story with Jesus adding a line about 'papers pleasse') simply meet their deserved fate - which is to leave their betters alone to enjoy unquestioning consumerism, though not of the vulgar variety.
try BBBY or TOL.
Impressive. Nearly 1% of BBBY's market cap was sold by insiders in April. Not bad for a company that's 95% institutionally owned.
I have a decent amount of May puts right now. I've decided that if they don't play out I'm done with equities for a long long time.
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The Zombie Apocalypse begins when U3 hits 15%
......................Asian markets are not mixed , all closed up from +0.5 to +1.5 ........................
"Nearly 1% of BBBY's market cap was sold by insiders in April. Not bad for a company that's 95% institutionally owned."
i'm onto those asshalves at 9:30 am ET
or perhaps, 10:30
and toll brothers, there witcha.
..................Summers Says Obama Will Target Abusive Credit-Card Practices ......................
http://www.bloomberg.com/apps/news?pid=20601103&sid=aTEOxYnulnAU&refer=us
..................what next?..............
Summers Says Obama Will Target Abusive Credit-Card Practices
From the article:
Summers said better financial regulation and efforts to block the marketing of "addictive" credit to people will help reduce the amount of debt owed by consumers. He also said Americans need to save more money, which will be spurred by government incentives.
Who knew Obama was a schizophrenic superhero!?
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The Zombie Apocalypse begins when U3 hits 15%
dollar up, stocks down.
survey says: FAIL.
Sergeant, have your men escort Mr Otis to The Facility for proper processing.
since it's late Sunday night for all your insomniacs
here's my anti Rick Santelli rant - http://www.youtube.com/watch?v=Hj6KTCCiS3A
obviously, the guy in vid mash-up is not me, I used a drinking budding as stand in
that's why it starts at the Orchard Bar on Con Dao...
I look more like Guy Caballero in SCTV and am prone to white suits and a more supine position...
Euro indices currently down 1-2%
http://finance.yahoo.com/intlindices?e=europe
US Futures down too
http://www.bloomberg.com/markets/stocks/futures.html
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The Zombie Apocalypse begins when U3 hits 15%
OT ps: the other night I extolled Keith Ledger's performance in The Dark Knight based on the first 65 minutes.
Still great, in my mind. But the film even though made by the inestimable Chris Nolan (see Memento and Following) breaks down
in the 3rd Act. But then again I'm the kind of guy who has watched maybe 4 episodes of the Simpsons lifetime, a few Dreamworks creations,
and a couple of other cartoons. Thought Iron Man was pretty top notch.
Sorry, I don't think cartoons are art in any shape or form. Neither did I think much of Keith Haring.
are those really the leaked Stress Tests?
Anon...
"In December, bill rates fell below zero as investors sought the protection of the safest government debt in the wake of the September collapse of New York-based Lehman Brothers Holdings Inc., the biggest bankruptcy in history."
didn't NY have a major failure in the early 1970s that might be larger?
note: "there are signs of a city (NYC) under growing stress, including a rise in homelessness that's driving more families to shelters and last year's 57 percent spike in bank robberies.
There were 444 bank robberies in 2008 compared with 283 in 2007, according to the city Police Department.
A Bank of America branch in Manhattan near Rockefeller Center said it has posted a sign asking its customers to remove sunglasses, hoods and hats before entering, one of the anti-crime measures the police department recommended.
what is you are say 50 Cent or a devout Muslim woman?
..........GM, Shuttering U.S. Plants, 'Likely' to Build Factory in China...........
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aw6MidGJf6wc
..........GM Aims to Double China Sales to 2 Million Units in Five Years ............
http://www.bloomberg.com/apps/news?pid=20601209&sid=airIPzkO4r7w&refer=t...
..........this is very natural phenomenon when considering China becomes world's biggest car consuming country.....take good care of your blood pressure......
GM, Shuttering U.S. Plants, 'Likely' to Build Factory in China
I wonder if China will produce a Michael Moore of their own.
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The Zombie Apocalypse begins when U3 hits 15%
Jay D...
you thought GM cars were crappy now, wait till they get built in China...
here in SE Asia owning a quality motorbike has status, but owning
one built in japan over china... priceless in pride!
............................ditto , Duke............................
You guys see this yet?
http://turnerradionetwork.blogspot.com/2009/04/leaked-bank-stress-test-r...
The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.
1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.
3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.
4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.
5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks.
6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital!
7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!
The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.
Put bluntly, the entire US Banking System is in complete and total collapse.
(goes to load the truck with FAZ)
Dash, consider the source: http://en.wikipedia.org/wiki/Hal_Turner
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The Zombie Apocalypse begins when U3 hits 15%
Yeah, I wasn't that serious 
Ah, just making sure
It would be rather amusing if Turner broke the story. Drudge would be mainstream by comparison.
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The Zombie Apocalypse begins when U3 hits 15%
This is getting interesting:
http://finance.yahoo.com/intlindices?e=europe
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The Zombie Apocalypse begins when U3 hits 15%
Let's see if I can beat a nickel a share today.
New headlines : "Obama to Order $100 Million in Budget Cuts"
(http://www.washingtonpost.com/wp-dyn/content/article/2009/04/20/AR200904...)
After having piled up a $2 trillion budget deficit Obama now "is to order" a whopping $100 million cut !
And this makes headlines !
What a joke America is ! Hahaha.
Dash wrote on Mon, 04/20/2009 - 2:31am.
You guys see this yet?
...The Turner Radio Network has obtained the stress test results. They are very bad...
...Put bluntly, the entire US Banking System is in complete and total collapse.
Yeah , we knew that all along . But thanks for the post !
Now we will see the denial clowning .
Bank of America Profit Tops Estimates on Housing, Trading Gains
The quarter included an addition of $6.4 billion to loan loss reserves.
"Nationalization of Bank of America is off the table," said Chris Marinac, an analyst at FIG Partners LLC in Atlanta. "It was ridiculous that we were even talking that way."
Citigroup Credit Losses Rising Rapidly, Goldman Says
The fixed-income bonanza, along with wider net interest margins and gains from accounting changes, masked declines in credit-card and consumer banking revenue, and soaring costs to cover bad loans at its credit card unit.
Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.
This is highly unlikely. Technically insolvent means negative equity, which in turn means breach of all regulatory capital ratios, which had to be going on for a while, even before the banks became technically insolvent.
You have to believe in regulatory + audit criminal conspiracy for this to be true
Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!
Only US-based banks with assets above $100 Bil are subject to the stress tests. HSBC is not one of them.
The whole thing looks more than a tad ridiculous.
hey gang. this just came across my desk and had to share. nothing we didn't know and from a somewhat odd source, but plausible. if this is a true leak, it could be quite disruptive and a game changer.
http://turnerradionetwork.blogspot.com/2009/04/leaked-bank-stress-test-r...
LEAKED! Bank Stress Test Reults !
1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent.
2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans.
3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.
4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.
5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks.
it continues.
Probably a hoax. I mean after all if the results of the stress tests have already been completed the government surely wouldn't make us wait until May 4th for the release. Right?
already discussed above.
btw. BAC beats estimates (with magic accounting)
so, considering that all banks are so healthy, why are the futures down? (/snark)
MrM (member) wrote on Mon, 04/20/2009 - 4:43am.
...You have to believe in regulatory + audit criminal conspiracy for this to be true...
You are talking about that "regulatory + audit criminal conspiracy" which caused these AAA ratings . Right ?
(for $800 k mortgager to schoolbus drivers e.g.)
And no , that was NOT criminal ! Nobody went to jail about that . Right ?
Harry Schultz :
"The history of reserve currencies reveals that the position of a country as a superpower (whose currency acts as a reserve currency) tends to rotate in a natural cycle of around 100 years. Will history repeat? From 1450 to 1530 it was Portuguese (80 years). From 1530 to 1640 (110 years) it was Spanish. From 1640 to 1720 (80 years) it was Dutch. From 1720 to 1815 (95 years) it was French. From 1815 to 1920 (105 years) it was British. And then the US dollar gradually dominated the scene until 2009 of a period of 89 years."
----------------
The end is nigh!
"Probably a hoax. "
My first reaction too. Where are the sources?
Pavel Chichikov
...Put bluntly, the entire US Banking System is in complete and total collapse...
Well , didn't Roubini say this some time ago too ?
Didn't he say that the whole US Banking System is insolvent ? No ?
oops. should have hit refresh on comments from last night before posting. Dash got the scoop first. thanks for the background on Turner, Tupuli. yikes, it does seem to be a politically connected right wing propaganda site, which somewhat changes the metrics on validity.
looking through earlier posts on his blog, he did get the first leak on the DHS memo and oddly, Bush DOJ torture memo's. it's not a stretch of the imagination that republican officials are leaking data that could be harmful to the Obama administration. but why this fringe character? puzzling.
more shimmering news from earnings season:
Bank of Zimbabwe Reports Earnings in Excess of 12.2 Billion
IndyMac First-Quarter Earnings "Strongest Ever"
Silverado, Lincoln, Home State Savings and Loan Arise from Dead, Announce End of Banking Crisis
"The history of reserve currencies reveals that the position of a country as a superpower (whose currency acts as a reserve currency) tends to rotate in a natural cycle of around 100 years."
Kazakhstan next. It can now be revealed. From a source. (My brother-in-law's barber).
Pavel Chichikov
Time to fade the rally, methinks.
I don't believe the information, if only due to this -
'3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.'
This would imply that Citi, which is more than capable of wiping out the FDIC while managing to create a global bank run, is not insolvent. Seems absurd on the face of it.
Of course, this is also a hoot -
'4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.'
We knew already knew that, back when Americans were attempting to stop Mr Hankie-Pankie and co-conspirators from getting the tax money that such devotees to the free market felt entitled.
.........interesting article from Martin Feldstein of Harvard...........
_________Inflation is looming on America's horizon___________________
http://www.ft.com/cms/s/0/ae436dbc-2d09-11de-8710-00144feabdc0.html
Feldstein's warning is only operative in the best of scenarios. Let us pray for inflation, lest the more likely outcome take hold.
'and oddly, Bush DOJ torture memos'
Actually, not so oddly - most Americans who have served in the military remain utterly disgusted at the idea of serving as torturers. This is equally true of those Americans are involved in law enforcement, such as teh FBI, or anyone that reveres the Constitution, which expressly forbids the very acts being commanded by men sworn to uphold the Constitution.
Admittedly, a lot of Americans, brought up with Hollywood versions of history and reality, still seem to think torture is fine when we do it. Those Americans have rarely served their nation by swearing an oath to defend the Constitution, nor placed their lives in danger to defend their nation.
And the final point - the military and FBI, among a number of other honorable institutions, knew who ordered the 'pranks' (anal fissures Rush at his finest) going on at Abu Ghraib, and who got punished for carrying out those orders. You will always find people to carry out evil acts, but to their credit, the FBI resisted the pressure to get its hands dirty torturing suspects. I wouldn't be surprised if some of the leaks came from that direction, even as the FBI was being eased out in favor of the CIA and its willing accomplices.
Janet Tavakoli on Q&A mp3 link, for those who prefer to listen:
Direct mp3: http://drop.io/sacrealstats001/asset/janet-tavakoli-qa-2009-04-18-mp3
Podcast
------------------
sacrealstats
huh, zero hedge picked up on the Turner leak as well and posted it 3 minutes after i posted here, hours after Dash posted. it is now officially viral. for better or worse. ugh, sick to think that Turner and his ilk might gain anything from this.
http://zerohedge.blogspot.com/2009/04/stress-test-results-leaked.html
"The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt."
Cicero (106 BC - 43
Kazakhstan next. It can now be revealed. From a source. (My brother-in-law's barber).
--------------------------------
I'll bet he cuts more than hair. Currency regions are emerging, think we'll have a north american bloc, latin american bloc, middle eastern bloc as well as an asia pacific bloc, lastly the EU which is alreadu operative.
Looking forward to the amero.
The white supremacist Turner blog post has 7 numbered facts. 2, 3, 5, and 6 are repeats of widely known facts - not from the "stress test." #1 says 16 banks are "technically insolvent" - what's that mean? That their bottom line is positive, but they're cutting it too close on capital requirements? IMO the Turner guy has no leak in his hands at all. The glimmer of "new" info is so vague, it's useless; the rest is hand-waving misdirection.
Now dropping like a rock 
IMO the Turner guy has no leak in his hands at all. The glimmer of "new" info is so vague, it's useless; the rest is hand-waving misdirection.
Yeah, the thing is fake. Just because something is on the internet, doesn't make it true.
------------------
sacrealstats
Stress test results leaked - can't validate accuracy, but it just shot across bloomberg -
don't know why oracle is jumping in bed with Sun, but quite a pop.
duke of con dao: why do you keep calling him "Keith Ledger?" It's "Heath"... RIP
you all know that Goldman is leaking this crap, right?
last week's capital raise was more for ammo than repentance.
NYT: FEDS MAY CONVERT BANK BAILOUTS TO EQUITY SHARE...
Back door to nationalization? Government could become largest shareholder in several banks... Developing...
FT: Feds to put conditions on loan repayments...
Oops, I was slow...
debt to equity is the final stage of the taxpayer reaming.
from front of the line to the back when liquidation comes.
this will almost guarantee anarchy
of course the "leaked" stress test resutls are fake. only 9 of 19 are technically insolvent by the administration's measurements
this leak just sets the bar very low so banks and treasury can leap over it.
I think the leak may have been faked to force the Treasury's hand before May 4th. Now the treasury has to respond with something today. They cannot only come out and say "those are fake".
Turner is possibly an expendable dupe. If the markets tank today the leaked memo will be blamed and we'll never see the actual results.
You are talking about that "regulatory + audit criminal conspiracy" which caused these AAA ratings . Right ?
(for $800 k mortgager to schoolbus drivers e.g.)
And no , that was NOT criminal ! Nobody went to jail about that . Right ?
It would have been SOX criminal, rather than just publishing crappy analysis. Big difference.
The whole thing looks like a hoax.
"don't know why oracle is jumping in bed with Sun, but quite a pop"
The only thing I can think of is to keep IBM from getting it...
Turner is possibly an expendable dupe.
Turner is a shameless self-promoter who's tapping the zeitgeist.
------------------
sacrealstats
Sounds like nuther real 'Murican then... /snark
NPR reporting this morning that the worst of the recession is behind us. The fundamenatals are strong. We will recover. Growth is on the way. Ignore the man behind the curtain. Mixed messages abound.
Did Turner swap his job as an agent provocateur for the FBI for a job at the FED?
Cointelpro turns coinTARPro.
Did Turner swap his job as an agent provocateur for the FBI for a job at the FED?
No, that job went to various anon posters here at CR.
------------------
sacrealstats
Sun's OS technology is the best. Solaris was designed to support multiple processors and threading, from the beginning. Linux is in perpetual fix mode to support those two technologies. Sun's problems came with the adoption of commodity hardware, which ran "free" Linux. But Solaris is now available on commodity hardware and the source is available. The loss of hardware sales did hurt them.
Sun's ownership of mysql is interesting to Oracle. There may be an antitrust investigation.
"Sun's OS technology is the best."
...................almost the same analogy of BetaMAX and VHS in early 1980s........................
NEW POST at Calculated Risk.
Ways to view:
Dead simple, read only interface at: http://users.thelink.net/bobn/CR - not available for 5 minutes after this post however, to avoid 'first grappling' per request of Ken Cooper.
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WASHINGTON (AP) - A senior administration officials says President Barack Obama is ready to ask federal department and agency chiefs to find $100 million to cut from the budget when he holds his first formal Cabinet meeting.
The official previewed Topic A for Monday's Cabinet meeting on grounds of anonymity because it will be a private session. He said Obama will be reminding Cabinet members that financially-pressed families are looking to the government to spend their money wisely.
The president's first formal Cabinet meeting is being held just days after a series of "Tea Party" demonstrations across the country in which protesters challenged the administration over it's massive spending. A cut of $100 million in a multitrillion-dollar federal budget likely will be criticized by Obama's opponents as inadequate.
re : Rob Dawg (member) wrote on Mon, 04/20/2009 - 4:48am.
...Probably a hoax...
From : Nouriel Roubini Feb 10, 2009
(http://www.rgemonitor.com/roubini-monitor/255507/it_is_time_to_nationali...)
... "...So these figures suggests that the US banking system is effectively insolvent in the aggregate... "
So Rob Dawg , still "Probably a hoax" ?
'Sun's OS technology is the best. '
Tell that to all the people using IBM mainframes.
Another day of equity rallies ahead!