Comments for Stock Market: More Volatility
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/782204642926762330
CRbot Fri Mar 20 15:17:00 2009 CDT #
Rob Dawg says:
Things happen twice as fastthese days. Compress the current line 50% and see the future.
Rob Dawg Fri Mar 20 15:21:58 2009 CDT #
ac says:
Why does that graph make me feel like somebody told me the surprise ending to the book I haven't finished reading yet?
ac Fri Mar 20 15:26:27 2009 CDT #
CRbot says:
The Latest from Jesse:
US Dollar Weekly Chart with Commitments of Traders
CRbot Fri Mar 20 15:26:57 2009 CDT #
fallonPDX says:
Ugh. Apologies for the double post. Now I cannot delete one of them...
fallonPDX Fri Mar 20 15:28:35 2009 CDT #
The Daily Bail says:
"The triumphant Return Of Tricky Dick: Treasury Secretary Tim Geithner Is Still Lying And We Prove It(Video, Photos and Links 3-20-09)
http://dailybail.com/home/the-triumphant-return-of-tricky-dick-treasury-secretary-tim.html
Ouch.
The Daily Bail Fri Mar 20 15:28:53 2009 CDT #
Bob Dobbs says:
"Things happen twice as fastthese days. Compress the current line 50% and see the future."
I used to think that; and I think where there's a possible future state that most people want to achieve, this is true. Adopting desktop publishing, cellphones, etc. etc.
But where the change is in the direction of something undesirable -- like poverty -- the human ability to deny reality (often at great cost) is as strong as ever. Or it seems that way to me. I think we're in for a several-year haul downward -- two, at least.
Bob Dobbs Fri Mar 20 15:29:05 2009 CDT #
comrade noob goldberg says:
It appears to me that this bear market is providing fewer significant relief rallies when compared to other bear markets. Many of them experienced 50% recoveries half-way or two-thirds through the bear, but this one has had little relief given to investors.
Part of me wonders if that rally is yet to come. It would definitely pull some money off of the sidelines back into the game, and have interesting implications for treasury debt funding demand!
comrade noob goldberg Fri Mar 20 15:30:03 2009 CDT #
Cinco-X says:
Actually, it was really mild considering the economic environment and the fact it was an OpEx day.
Going back to the Mega-Bear Quartet:
http://dshort.com/charts/mega-bear-comparisons.html?mega-bear-quartet-extended
if you expand the scale out to 20 years, you'll note that the Nikkei and GDI follow the same basic pattern for 20 years, except for the last 2 years where its been tanking along with us and the rest of the world. It's interesting that the first 9 years of the post-dot.com bust also follows the trends of the previous 2 collapses.
We're now at a point where in the other 2 situations, the DOW had a 10% run up, and the Nikkei had a 20% run up, before both collapsed even further. It may very well be different this time, but they all look so similar.
Thoughts?
Cinco-X Fri Mar 20 15:30:43 2009 CDT #
Cinco-X says:
Hmmm.. page not found error!?
Parent Post
Cinco-X Fri Mar 20 15:33:15 2009 CDT #
Pavel says:
"We're now at a point where in the other 2 situations, the DOW had a 10% run up, and the Nikkei had a 20% run up, before both collapsed even further. It may very well be different this time, but they all look so similar.
Thoughts?"
Extrapolation from the past is the hobgoblin of the broke. Ask Maginot.
Pavel Fri Mar 20 15:34:51 2009 CDT #
Cinco-X says:
Those who fail to learn from the past are doomed to repeat it. Ask everyone else ;-)
Parent Post
Cinco-X Fri Mar 20 15:35:54 2009 CDT #
EvilHenryPaulson says:
Cinco-X, you're right... the link as posted does not work, I deleted the original and will try reposting
azurite, thanks for posting the link to the James Saft article (
http://www.reuters.com/article/reutersComService4/idUSTRE52J29420090320)
I hadn't read anything of his in a while
the next bubble... is coming from inside the central bank *horror movie music*
EvilHenryPaulson Fri Mar 20 15:37:22 2009 CDT #
Cinco-X says:
Some sites just aren't very friendly for links. Bloomberg was, and maybe still is an issue. I still can't read it.
Parent Post
Cinco-X Fri Mar 20 15:40:17 2009 CDT #
EvilHenryPaulson says:
http://www.reuters.com/article/reutersComService4/idUSTRE52J29420090320
Parent Post
EvilHenryPaulson Fri Mar 20 16:09:44 2009 CDT #
Charles Kiting says:
Things happen twice as fastthese days. Compress the current line 50% and see the future.
Rob Dawg has called bottom.
Charles Kiting Fri Mar 20 15:38:17 2009 CDT #
Pavel says:
"Those who fail to learn from the past are doomed to repeat it. Ask everyone else Wink"
Yes, but what is it they learn?
Pavel Fri Mar 20 15:40:07 2009 CDT #
Cinco-X says:
If you'll recall, the Germans used the same basic strategy in multiple offensives in multiple wars, and the French failed to "get it". I forget the author now, but the strategy was in the book Cannae, and the French STILL got their @$$es whooped. Of course, they were French ;-)
Parent Post
Cinco-X Fri Mar 20 15:47:32 2009 CDT #
fried says:
Guderian as well as Rommel, both wrote books on armored attack thru dense woods in the years before the war...and still the French under Petain clung to the Maginot defense. Sure enough, the Germans came thru the Ardennes, just like their generals said they would.
Parent Post
fried Fri Mar 20 16:20:07 2009 CDT #
Anonymous says:
"the French STILL got their @$es whooped. Of course, they were French" interestingly enough they had enough of an a$$ to assist us in our journey to becoming the US of A - now broke US of A. Funny how the details of history get murky.
Parent Post
Anonymous Fri Mar 20 17:10:33 2009 CDT #
EvilHenryPaulson says:
oh wow,
» Student writes Arizona state senator asking why education funds being cut
» State senator criticizes letter for being poorly written, by the student in the education system which just had additional funding cuts
» Student is special needs, news picks up story
EvilHenryPaulson Fri Mar 20 15:40:32 2009 CDT #
Money Man says:
Waiting for double "PIG" bottom....still chart watching!
Money Man Fri Mar 20 15:42:17 2009 CDT #
Cinco-X says:
Chubby chaser, huh?
Parent Post
Cinco-X Fri Mar 20 15:43:43 2009 CDT #
Angry Saver says:
And volatiltiy lowers risk premiums - NOT!
Angry Saver Fri Mar 20 15:44:30 2009 CDT #
Divide by 0 says:
The dreaded f'ing Pig formation! That will be the bottom for sure.
Divide by 0 Fri Mar 20 15:45:12 2009 CDT #
Money Man says:
This is triple witching Friday...Heck, this could be a triple "PIG" year in 09'. Many ups but more downs. :-$
Money Man Fri Mar 20 15:45:30 2009 CDT #
Hank Roberts says:
http://www.washingtonpost.com/wp-srv/opinion/ssi/images/Toles/s_03202009_520.gif
"The last bubble: -- inflation by the Fed
Hank Roberts Fri Mar 20 15:47:11 2009 CDT #
8 Ball says:
I can see into the future and it looks like we will follow the gray line all the way to -80%.
8 Ball Fri Mar 20 15:49:31 2009 CDT #
Cinco-X says:
I went back and hit inflation adjusted, and realized that the DOW in GDI outperformed the Nikkei over much of the 20 year span, and in the post dot.com bust, we're doing worse than both of them. Yikes!
Parent Post
Cinco-X Fri Mar 20 15:55:56 2009 CDT #
nades says:
While we wait for the FDIC, here is a look at the market.
LOL!
nades Fri Mar 20 15:53:14 2009 CDT #
Dust Bowling for Dollars says:
My guess is the FDIC has been told to stop with the BFF. Such fear-mongering shenanigans are bad for the recovery, you know.
Dust Bowling for Dollars Fri Mar 20 15:59:05 2009 CDT #
Anonymous says:
what is the dow compared to the s&p
Anonymous Fri Mar 20 16:00:39 2009 CDT #
Anonymous says:
i mean what is the current dow decline compared to the great depression dow decline, and why it not listed?
Anonymous Fri Mar 20 16:01:17 2009 CDT #
Lawyerliz says:
BankUnited anyone? >:o
Lawyerliz Fri Mar 20 16:03:35 2009 CDT #
Money Man says:
BFF is a forced exercise and some of them are going to fail anyway..forcing the issue.....even if it's a bad PR problem. Can't keep loosing cash every quarter and stay in biz. What if we scrap the dollar and go all barter. Solves 2 problems 1) The Fed and 2) Taxes....cluster fu-k solved. :-D
Money Man Fri Mar 20 16:04:33 2009 CDT #
Anonymous says:
How freakin funny is it going to be when every State starts individually reporting a percentage higher than the "National Average" we get from the Federal Government:
"California Jobless Rate Climbs to Highest Level Since 1983
Share | Email | Print | A A A
By Bob Willis
March 20 (Bloomberg) -- California’s jobless rate surged to 10.5 percent in February, the highest level since 1983, as slumps in housing, manufacturing and retailing deepened.
Unemployment in the most populous U.S. state climbed from 10.1 percent in January, its Employment Development Department reported today in Sacramento. Neighboring Oregon’s jobless rate rose a full percentage point to 10.8 percent, and Nevada’s increased to 10.1 percent, both breaking into double digits for the first time since the early 1980s.
California lost an additional 116,000 jobs in February, led by 31,000 job losses in construction, the state’s employment office said. Its jobless rate is up from 6.2 percent in February 2008.
Traffic in the port of Long Beach, California, fell 40 percent in February to its lowest level in five years, the port reported, reflecting the decline in U.S. trade with Asia.
Port Slump
“The numbers are now showing what we’ve been seeing for the past few months -- fewer ships, fewer containers and most troubling, less work for those in port-related businesses,” Executive Director Richard Steinke said in a statement.
Georgia’s jobless rate rose to 9.3 percent, the highest since records began in 1976, from 8.5 percent, the state reported. Ohio’s climbed to 9.4 percent from 8.8 percent, and Wisconsin’s increased to 8.8 percent from 7.7 percent. The state employment numbers are usually reported a couple of weeks after the national figures.
Unemployment rose to 7.5 percent in Pennsylvania from 7 percent, and Tennessee’s rate rose to 9.1 percent from 8.6 percent, the states reported.
The rest of the states will be reporting jobs data through the end of next week.
Anonymous Fri Mar 20 16:05:19 2009 CDT #
Kung Fu Panda says:
How about Temecula Valley Bank? Their auditors gave them a going concern audit result in January.
Any sightings of the FDIC people in Puerto Rico?
Kung Fu Panda Fri Mar 20 16:06:07 2009 CDT #
Lawyerliz says:
I have no objection to bank failure Monday. Or, Tuesday, Wednesday, Thursday or Saturday. But never, never on a Sunday, the one day we need a little rest.
Lawyerliz Fri Mar 20 16:06:25 2009 CDT #
snacky says:
it's way past time for corus to go
snacky Fri Mar 20 16:06:56 2009 CDT #
Kung Fu Panda says:
Bernanke says Fed has exit strategy from credit policy
Whatever...if and when the Fed pulls the plug on all of its activities, that will create a huge drag on economic activity. That's why Greenspan didn't jack up rates early enough to head off the dot com bubble. He didn't want to be seen as torpedoing good times.
Kung Fu Panda Fri Mar 20 16:12:09 2009 CDT #
Pavel says:
'If you'll recall, the Germans used the same basic strategy in multiple offensives in multiple wars, and the French failed to "get it".'
That strategy failed the first time. Remember the Marne. To learn from the past one must extrapolate from the future.
Pavel Fri Mar 20 16:15:38 2009 CDT #
Cinco-X says:
The German's failure to push to the Atlantic was due to the failure of all concerned to recognize the tactical impasse that was first manifested in our own Civil War (1870 was an aberration). This was overcome by WWII, and the Germans ran over the French and pushed the English into the Atlantic at Dunkirk. That would have happened during the previous war if not for the effect of high velocity (the minnie ball in the 1860's), long range rounds and the machine gun. Most armies try to fight the last war, but God only knows what wars the French have tried to fight over the last Century.
Parent Post
Cinco-X Fri Mar 20 16:46:26 2009 CDT #
Pavel says:
I'm not a prophet either, but if I had to prophesy I would say that something entirely unexpected will happen - safe enough, eh? It will not be financial in nature, but political. Natural calamities are of course also possible.
Pavel Fri Mar 20 16:21:39 2009 CDT #
Lawyerliz says:
Pizza is prolly not stressed in the Puerto Rican native cuisine.
Perhaps they went there to refresh their Spanish prior to coming to Miami to shut down BankU, headquartered in Coral Gables. Tho I think the main owners are Jewish.
Lawyerliz Fri Mar 20 16:21:44 2009 CDT #
Lawyerliz says:
Gold is down (!) to 956.
MSN money thinks it's good that the mkt is up for 2 weeks.
Lawyerliz Fri Mar 20 16:24:34 2009 CDT #
Bob Dobbs says:
It's 5:30 pm in Boca Raton, and no news from the FDIC. Methinks it's another light week -- certainly nothing on the East Coast.
Bob Dobbs Fri Mar 20 16:32:16 2009 CDT #
Anonymous says:
Who is the doofus that wrote the market is up two weeks in a row article.
S&P is up, DOW down for the week. The amount of spinning of financial information everywhere you look is pretty disgusting.
Anonymous Fri Mar 20 16:34:19 2009 CDT #
Dirk van Dijk says:
Anyone smell Pizza yet?
Dirk van Dijk Fri Mar 20 16:35:00 2009 CDT #
Lawyerliz says:
Did FFDIC's daughter get out of the hospital ok?
I never heard.
Lawyerliz Fri Mar 20 16:35:12 2009 CDT #
Lawyerliz says:
Something has to be up, be it ever so slightly. I dunno, I'm tired of the Death by a Thousand Cuts.
I'm getting in the mood for for pizza.
Lawyerliz Fri Mar 20 16:37:41 2009 CDT #
Comrade De Chaos says:
from bloomberg, FDIC
"Bair said she wants to “end too-big-to-fail” models that have shaped U.S. policy and wants financial firms to reduce systemic risk by “limiting size” and “complexity.” She said regulators “need to impose higher capital requirements” to ensure banks have enough capital to withstand worsening economic scenarios."
8-) , finally a step into the right direction ...
Comrade De Chaos Fri Mar 20 16:37:56 2009 CDT #
evelyn woods graduate says:
FDIC issued 90 Cease & Desist orders in 2008.
Not everyone is capable of complying.
evelyn woods graduate Fri Mar 20 16:42:27 2009 CDT #
joe shmoe says:
along with Bair's remarks, here is Gov Corzine of NJ (Dem, former CEO of GS) calling for pre-packaged bankruptcies for the zombies, from MSNBC today:
http://www.youtube.com/watch?v=oa3qDRP-VZE
makes me wonder if something is afoot, at long last. maybe AIG and Pandit's penthouse makeover are helping.
joe shmoe Fri Mar 20 16:46:00 2009 CDT #
Comrade De Chaos says:
http://zerohedge.blogspot.com/2009/03/preliminary-goldman-call-observations.html
evil but ingenious ?!?
i am not into conspiracy theories but .... I doubt henry didn't know about the above when he was getting into treasury seat ... :-$
Comrade De Chaos Fri Mar 20 16:46:05 2009 CDT #
EvilHenryPaulson says:
David Viniar only specifically denied Henry Paulson and Lloyd Blankfein had a meeting
After saying that he went out of his way to say regulators were informed throughout
take from that what you will
Parent Post
EvilHenryPaulson Fri Mar 20 16:50:56 2009 CDT #
TCA says:
I, for one, am just glad we have a scholar and an expert on the Great Depression at the helm right now. If we didn't, we'd have to listen to how the coming Greater Depression could have been prevented if only we had had a scholar and an expert on the Great Depression at the helm.
TCA Fri Mar 20 16:46:57 2009 CDT #
Comrade De Chaos says:
AK, where is everyone?
is there are CR related forum, I am not aware of? Link anyone?
thankies O:-)
Comrade De Chaos Fri Mar 20 16:47:00 2009 CDT #
TCA says:
"Bair said she wants to “end too-big-to-fail” models that have shaped U.S. policy and wants financial firms to reduce systemic risk by “limiting size” and “complexity.” She said regulators “need to impose higher capital requirements” to ensure banks have enough capital to withstand worsening economic scenarios."
In other news, Sheila would also like to nail all the empty barn doors shut as well.
TCA Fri Mar 20 16:56:03 2009 CDT #
Eric says:
"Where is everyone"
I just pretty much gave up, with the new commenting system. Surprisingly more productive at work, now!
Eric Fri Mar 20 16:56:18 2009 CDT #
Comrade De Chaos says:
"take from that what you will"
are you saying, we should learn from the best? Duh, there must be a way of achieving success without trashing your reputation. If only those people understood the difference between short run and long run plus had slightly higher strategic IQ, they would be much happier campers. (in the long run)
Comrade De Chaos Fri Mar 20 16:56:43 2009 CDT #
TCA says:
“AK, where is everyone?
They're all trapped in whatever parallel dimension JS-Kit banished them to.
TCA Fri Mar 20 16:57:31 2009 CDT #
sm_landlord says:
Comrade De Chaos says:
"AK, where is everyone?"
I believe it's cocktail hour, at least for the traders.
Either that, or JS-Kit is down again. ;-)
sm_landlord Fri Mar 20 16:57:57 2009 CDT #
reptillian says:
The bulls haven't quit yet.
They may consider this a pullback.
Go to stockcharts.com and look at $SPX
for the last six months, with ema(5), ema(10)
and ema(20)
reptillian Fri Mar 20 17:01:14 2009 CDT #
Comrade De Chaos says:
sm as Santa Monica, the biggest socialist city on the west coast?
(just curious) 8-)
Comrade De Chaos Fri Mar 20 17:01:46 2009 CDT #
sm_landlord says:
"sm as Santa Monica...?"
Yes, the People's Republic Thereof... Home of the Homeless.
Parent Post
sm_landlord Fri Mar 20 17:05:28 2009 CDT #
EvilHenryPaulson says:
John Hermann is out forecasting $3tn in consumer loan losses, $0.5tn in commercial loan losses
way back in last October my back of the envelope calculations of were at least $4tn of loan losses in the US
but we've gone too far now. Now we have to adjust to an economy without private credit growth, along with the expensive process of disruptive price adjustments within the international currency/trade realignment operation. forecasting with numbers, at least in absolute units, will fall out of favour versus forecasting in prose, the value of base units become highly contingent variables in the medium term.
once again, gloom but not doom
EvilHenryPaulson Fri Mar 20 17:02:52 2009 CDT #
Anonymous says:
Bernanke announces another trillion bailout and the market falls 1.5%?
I guess a trillion doesn't stretch as far as it used to.
Anonymous Fri Mar 20 17:03:19 2009 CDT #
TCA says:
How freakin funny is it going to be when every State starts individually reporting a percentage higher than the "National Average" we get from the Federal Government
Don't worry. We still have the D.C. to bring up the average. Noe one ever loses their job there.
TCA Fri Mar 20 17:04:01 2009 CDT #
homedad43 says:
yeah, but would Viniar have managed to break the Maginot line? Would he have written about how Paulsen met secretly with Schlieffen's staff prior to the outbreak of warfare in July 1914?
Damn it, man, we need to know.
homedad43 Fri Mar 20 17:04:37 2009 CDT #
Werner says:
Bob Dobbs says:
...“It's 5:30 pm in Boca Raton...
A nice thing about Boca Raton is (at least was, not sure about now) that they did not allow car dealers in the town, so they all sat on Route 1 on the town boundary.
P.S. Did you happen to work on Yamato Road in the 80's ?
Werner Fri Mar 20 17:04:58 2009 CDT #
Comrade De Chaos says:
various sectors will hit the bottom at different times. I wouldn't expect financials, RE & related to hit the bottom very soon and since those are large part of S&P ....
calling for a direction is similar to reading TARO cards, you take a guess and pretend it means anything :)
anyway 750 (+/-) 20% by the end of the year with slight fall now and recovery by the end of year seems probable ROFL
I am going to flip a coin between 20 & 30 %, wait for the result by this monday :)
Comrade De Chaos Fri Mar 20 17:06:09 2009 CDT #
Hal says:
2007 line ominously retracing the 1929 line almost exactly. I predict a big new leg downward shortly.
Hal Fri Mar 20 17:08:36 2009 CDT #
TCA says:
Haloscan, I'm sorry for all the things I said! I didn't mean them. And that time I slapped you around in the kitchen, I just lost my temper. You know I didn't mean to knock your front teeth out. Please come back to me! I LOVE YOU!!!
TCA Fri Mar 20 17:09:32 2009 CDT #
bearly says:
I am reading about the great wave of inflation that is about to rescue the markets and the economy.
To begin with, I find it difficult to imagine a great wave of inflation as our unemployment rate heads into the double digits. But if we do actually get pockets of inflation it will likely be in necessties at a time when incomes are declining , fixed income types like SS recipents are already hosed and everyone will get completely screwed by this Bernanke desire to screw everyone to save the banks.
The pigmen are destroying America more each day.
bearly Fri Mar 20 17:10:35 2009 CDT #
homedad43 says:
but we've gone too far now. Now we have to adjust to an economy without private credit growth, along with the expensive process of disruptive price adjustments within the international currency/trade realignment operation. forecasting with numbers, at least in absolute units, will fall out of favour versus forecasting in prose, the value of base units become highly contingent variables in the medium term.
--------------------------
So the end result is that mapbooks will show scales with 1" = "real far".
'bout right?
homedad43 Fri Mar 20 17:11:06 2009 CDT #
Comrade De Chaos says:
"Yes, the People's Republic Thereof... Home of the Homeless."
I bet elevator, gutters and other city inspection fees will go up by at least 20% this year, not to mention an alley and environmental surcharges. Still price wise you guys might be all right relative to everyone else. :)
Comrade De Chaos Fri Mar 20 17:11:46 2009 CDT #
TCA says:
the French STILL got their @$es whooped. Of course, they were French" interestingly enough they had enough of an a$ to assist us in our journey to becoming the US of A - now broke US of A. Funny how the details of history get murky.
The French were still trying to fight WWI. The Germans evolved into a maneuverable fighting unit. The French had no idea how to fight them until it was too late. In terms of firepower and manpower, the French should have easily repelled the Nazis. They lost those battles tactically, not because they were inferior or cowardly.
TCA Fri Mar 20 17:14:21 2009 CDT #
JAF says:
That is absolutely wrong. The French actually had better equipment in their tanks and planes. They even had MORE tanks and planes than the Luftwaffe. It was STRATEGY and lack of esprit de corps that doomed them. If they loved to fight- how come 4 MILLION surrendered when only 100,000 were KIA?!!
Parent Post
JAF Fri Mar 20 17:58:26 2009 CDT #
Kung Fu Panda says:
On March 20, 2009, FirstCity Bank, Stockbridge, GA was closed by the Georgia Department of Banking and Finance and the FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed.
Kung Fu Panda Fri Mar 20 17:18:22 2009 CDT #
CRbot says:
CRbot presents, (with apologies in advance to FFDIC), a new feature called:
F'D FDIC: Breaking sounds from the bankerfront...
March 20, 2009 - PR-44-2009 FDIC Approves the Payout of Insured Deposits of FirstCity Bank, Stockbridge, Georgia
You're WELCOME, crispy&cole. I very much hope you're satisfied now.
... now hammering FDIC's site more than 12 times faster. I hope YOU'RE very much satisfied now, Wisdom Speaker. Good luck keeping up, mere mortals.
CRbot Fri Mar 20 17:18:34 2009 CDT #
Circling the Drain says:
FirstCity Bank, Stockbridge GA is our first BFF winner
cd
Circling the Drain Fri Mar 20 17:19:34 2009 CDT #
bANK fAILURE says:
dRINK tO tHE bANK fAILURE eQUINOX!
bANK fAILURE Fri Mar 20 17:20:08 2009 CDT #
Guest says:
Bank Closing - FirstCity Bank, Stockbridge, GA
Guest Fri Mar 20 17:23:03 2009 CDT #
Anonymous says:
Bernanke's treasury scheme to lower mortgage rates has the tenancity of actress Annette Benning's character Jane Birch in the movie American Beauty. The character of Jane is that of a tenacious realtor that sets about to sell a house. In so doing Jane goes to her listing with vacuum cleaner and industrial cleaning kit to sell an ugly house. Ben has become Jane Birch without the cookies. Maybe he will try that when things looking more desparate.
Anonymous Fri Mar 20 17:23:14 2009 CDT #
Anonymous says:
Another article on the great and illustrious, totally above board Goldman Sachs. Yes a truly upstanding company, ethical to the extreme and no lying in their public meetings either.
And the money line is "He added that the firm would not have lost money from specific derivatives contracts with AIG had the insurer failed, rather than being rescued by the government."
So they didn't need the bailout money, didn't need to be converted to a commercial bank-holding company and wouldn't have lost any money if AIG had gone bankrupt.
http://www.marketwatch.com/News/Story/Story.aspx?guid={D7078A9C-86CD-482E-A977-D5FCB0A0F827}
Anonymous Fri Mar 20 17:24:15 2009 CDT #
EvilHenryPaulson says:
just got an e-mail for a conference in Miami. $169 for Sun - Tues at the Hilton. seems impressive, but I have a good feeling about being able to haggle them down below that if I was going
EvilHenryPaulson Fri Mar 20 17:24:31 2009 CDT #
Lawyerliz says:
EvilHenry, not coming to Miami, home of the weird?
Rats!! :(
Parent Post
Lawyerliz Fri Mar 20 19:27:48 2009 CDT #
Basel Too says:
I have a good feeling about being able to haggle them down below that if I was going
I'm terrible at haggling. i have to get my sister to do all of that for me. kind of strange when the CSR on the other end expects a male on the other end. :-D
Basel Too Fri Mar 20 17:26:37 2009 CDT #
reptillian says:
Not even the possibility of suspension of mark-to-market can save some of these bad boy banks.
reptillian Fri Mar 20 17:28:14 2009 CDT #
CRbot says:
New Thread: Bank Failure #18: FDIC Closes FirstCity Bank, Stockbridge, Georgia
http://www.calculatedriskblog.com/2009/03/bank-failure-18-fdic-closes-firstcity.html ( 0 comments ...You could be FIRST! )
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 17:29:33 2009 CDT #
Rufus the Doofus says:
You know Ben's made some bad decisions....
Parent Post
Rufus the Doofus Fri Mar 20 18:38:54 2009 CDT #
Pavel says:
"The French were still trying to fight WWI. "
They were trying not to fight. French society was fractured, divided, at war with itself, demoralized. These affairs of defeat are never just a matter of the inferior technology or technique.
Pavel Fri Mar 20 17:36:54 2009 CDT #
Pavel says:
"We still have the D.C. to bring up the average. Noe one ever loses their job there."
Yes? Please see this:
THE ECONOMIC CRISIS:
HOW IS IT AFFECTING
OUR PARISH AND COMMUNITY?
Listening/action Sessions
Monday, March 30, 2009
7:30 to 9:00 p.m.
Blessed Sacrament School Auditorium
We will gather in small groups around tables to hear your stories---and those you have talked to---about the economic crisis, and get reactions: how you feel about the crisis, and what actions should WE take as a community?
Who should be invited? Communities of the parish such as Mothers Sharing and Faith in the Marketplace, Food and Clothing Ministry, Just Faith, the homeless and those serving the homeless, S.O.M.E. and Soup Kitchen Ministry, Scout leaders, and all the people of the parish.
Washington Interfaith Action Network (WIN)
... a special meeting of the East Coast affiliates of the Industrial Areas Foundation. WIN is one of the affiliates.
Pavel Fri Mar 20 17:40:50 2009 CDT #
briwerk says:
testing thread headers
briwerk Fri Mar 20 18:52:45 2009 CDT #
warlock says:
"Where is the strategic reserve?" Winston Churchill, May 16 1942
warlock Fri Mar 20 18:57:59 2009 CDT #
Elrod says:
Question of the day: How would Paul Volcker as SecTreas right now do things differently?
Elrod Fri Mar 20 19:24:44 2009 CDT #
END