Stacy Summary: Just had a tip (from someone who wishes to remain anonymous) that Bank of America is meeting at Wynn Hotel in Vegas this week and are operating under the name BAM to avoid public and bonus anger management issues. I guess BAM would stand for Bank of America Merrill?
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@Frances, See previous. Duh.
I said relatively well. Compared to a serial killer, which is what the Fed’s enforcement arm has degenerated into.
@Richard
Paragraphs, dude. They are your friends.
B.A.M. Bonus Anger Management
At least the IMF, like the Devil, play relatively well with others.
If play means one nation is the bully and the other nation is the victim, then yes, I’d agree.
@Frances, I teach Business English in Japan, but had taught English Comp. in China two years prior. Still learning new Chinese characters. Could use a deep dish pizza. Would eat tacos de sessos, properly seasoned.
The Fed is the system as we know it. And the IMF seems to be moving away from the American Consensus. As Churchill said, if Hitler invaded Hell, he, Churchill, would gladly sign a pact with the Devil. At least the IMF, like the Devil, play relatively well with others.
@Jack frost: Hello Jack..don’t recall any input from you in the past….regardless it is probably against some Patriot Act provision to suggest an assassination on the internet…Bill of Rights Amendment # 1 taken into account these days has been muted at best…the best that Max does is call them terrorists, arsonists, should be quartered, etc…I really don’t think naming names is important…just the operation as in the Mark Walberg flic: The Sniper(Sharpshooter?)…might demonstrate a profound angst that lies dormant in America…after all who are our heroes?? the grunt soldier? as in WWII?? the fireman?? the EMT??? really??…We have a disdain for those who make their fortune off the sweat and toil of others…but we allow them to co-exist with us in the real world…today they have become a super elite and their actions don’t require anyone in the physical economy to be all that meaningful…oh yes..we are manipulated to see the shares of stock and bonds advance..but now that there are several $100 trillion at their disposal…well…what does the $67 trillion in yoy business really mean??? When GS speaks about liquidity, it’s their profits that are gaining mass…not the general public…the seismic amount of government and FED bailout into the several large institutions( GS. JPMorgan-Chase/WAMU, CITI, Bof A, Wells Fargo/Wachovia/Golden West, StateStreet, Countrywide/Fleetstreet/and now CapMark..AIG, GM and Daimler/Chrysler, Fannie and Freddie, and a host of others) are not going to salvage this failed economy…the questions become: How long can they forestall the downgrading of the bonds??public or private? How long can a jobless recovery be tolerated before the folks see that tents look good and dumpster diving is the means to a meal???? Do we have 20 years to deleverage the failed system?? Because that’s how long it will take to permit all those derivatives ( $1200-$1500 trillion in notional value ) to become whole!!!! In the 1960′s it was an uplifting move to direct the educational,religeous and business communities to coalesce and GO TO THE MOON>>>ARE THEY GOING TO SUGGEST THAT WE NOW GO TO MARS?????? http://trak.in/news/99-percent-pure-water-ice-found-on-mars/7846/ ……the matrix is all around us…if we agree that they are in control of the vision for a new civilization with us as the pawns and debt slaves…JUBILEE NOW!!!!!!!!
yes Richard@lattitude30N. it’s downright grim. scary thing is that when you talk to the average person over here, they really don’t know how serious its getting. they think it’s temporary and things will get better. (the economy i’m talking about)
an assasination team parked in the building next to goldman sachs would be interesting too. pick off blankfien as he walks out….
@Dante: thanx for the Sprott article…basically it confirms everything Dr.C.Paul Roberts has been saying f or some time…The numbers just don’t compute….we are f**ked….and the PTB will stay at the helm and w/ Geithner, Sommers and Volker ( w/Rubin in the background )….everywhere I go prices, fees and rates are excellerating…..as the trillions have been siphoned at the top of the economic ladder…those of us at the bottom are having to accommodate the loss…how on earth are we to stomach this heist without someone going on top of a tower ( as at the U of TX years ago )…and rifling a few WS execs…I know there are trained snipers hiding out in America…hell..the movies have many a plot line where someone is offed…where is Cheney’s assassination team these days???
“Is the Federal Reserve any less intent on grinding down rights than is the IMF?”
Rights? The Fed Reserve and the IMF see all y’all as DOTS.
@GladMan:
What a GREAT link!!!
“Regarding the SDR, we seem to be witnessing an alliance of continental Europe, BRIC, and possibly the GCC, against USD hegemony.”
The dollar was only a tool of the same players that are now sharpening their carving knife for the nice soft beef. It’s been raised on their good green paper and set to ripen and now the owners feel ENTITLED to a good feast! The fruition of Bretton Woods and all.
China? Do you get China?
@TheManFromGlad:
Don’t know how to navigate well in nebulous territory: all the normal reading are off! But I can tell you what I think! I think the reason the Fed is being gone after is that they have outlived their usefulness to the system. I think that the currencies are being phased out for a carbon-credit system as Adam C. linked on the other thread. I think that we have no way to opt out since the ones that run the show have snatched our agency throughout our lives and are set to lead us by the nose now.
The sdrs, I think, are for a collapse of the currencies according to a plan of ensnarement equally proportionate to each nation’s stupidity and greed.
And I think you look like you could use some school lunch! Now, I’m right particular to that salisbury steak! Wantsome?
Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power.
http://www.spiegel.de/international/world/0,1518,562291,00.html
recently reasserted its continental European orientation. Regarding the SDR, we seem to be witnessing an alliance of continental Europe, BRIC, and possibly the GCC, against USD hegemony.
@Frances, Is the Federal Reserve any less intent on grinding down rights than is the IMF? The IMF has r
Does anyone find it odd that this story has not gotten much play?
Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
Even as he has been lambasting the government for its handling of A.I.G. after its near collapse, Mr. Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V. Starr & Company, he has been hiring some people he once employed.
Now, Mr. Greenberg may have received some unintended assistance from the United States Treasury. Just last week, the Treasury severely limited pay at A.I.G. and other companies that were bailed out by taxpayers. That may hasten the exodus of A.I.G.’s talent, sending more refugees into Mr. Greenberg’s arms, since C. V. Starr is free to pay whatever it wants.
http://www.nytimes.com/2009/10/27/business/27aig.html?ref=business
Queen Fanny,..
Fan-tastic! Fancy that! Fanny…a royal!
I always suspected…but I guess this makes it official!
OMG!
@Mep,..LOL,..sorry,.I was just following Queen Fanny,..
Don’t I feel the frikin’ arsehole!!
conquer and divide the powers to be are moving east. america who cares is what they think.
OMG!!! I think!? I lost?! Supergeek!!! In space/time someplace.
sorry
@Mep:
Don’t mind Supergeek and me. We exist in space/time.
Ain’t that right, Super?
Supergeek & Frances – Thanks. I was very confused!
Does the exclamation before the question mark signify something different than the exclamation after the question mark?
Like: !?
indicates the writer is rudely affronted
While: ?!
indicates the writer is confused and alarmed, or possibly just alarmed
And !!! means emphasis..?
Shocking, really!!! We thought that life was solid!? And suddenly it seems a bit shifty?!
@Mep:
Sorry! I mistook you for Stacy! Won’t happen again!
Because I cut and pasted the comment onto my reply: unless….
Maybe I was write about Space/Time!
@mep
Mistaken identity… twice… I think!!!
@ frances & Dedo : You both completely lost me. I have no idea of what you’re talking about . . . I feel left out of what?! What comment are you talking about!?
Sprott Surreality Check Part Two: Dead Government Walking
http://www.zerohedge.com/article/sprott-surreality-check-part-two-dead-government-walking
Policy makers from South Korea to Singapore, confronted with rising real-estate values that threaten to mimic in Asia the U.S. mortgage bubble that roiled the global economy, are stepping up efforts to rein in prices.
Regulators in South Korea, Hong Kong and Singapore told banks in recent weeks they need to tighten lending standards. Central banks including India’s and South Korea’s have signaled a readiness to raise interest rates in the coming months.
Asia Aims to Succeed Where Bernanke Failed on Bubbles http://tinyurl.com/yj6x2v9
I assumed this enclosed link
http://fourwinds10.com/siterun_data/government/new_world_order/news.php?q=1256575557
was drivel until I saw your comment Stacey
On Friday we learned that Japan Airlines is now completely worthless. Its net worth is now NEGATIVE $8.8 billion!
Dante: not worthless. Bankrupt.
Fib … I’ve been to that site…it’s interesting. I liked this part:
The Catch-22 of Modern Paper Wealth
The phrase “Catch-22″ is common idiomatic usage meaning “a no-win situation” or “a double bind” of any type. [Wikipedia] “The catch” in our modern concept of paper wealth is that on one side it is collapsing from its own unsustainable debt service making it, in fact, a non-wealth. But on the other side, if we rescue it from its own un sustainability by guaranteeing or propping up the debt service, we collapse the very denominator of the wealth itself, the currency, and make it a non-wealth. It is a lose-lose situation… a Catch-22!
Do you remember the 1985 movie Wall Street? In it Gordon Gekko liked to buy whole companies through the stock market, shut them down, break them up, and then sell off the pieces. He had figured out that the pieces were more valuable than the whole. Remember in the end of the movie he went after Blue Star Airlines? My, how things have changed in 24 years.
On Friday we learned that Japan Airlines is now completely worthless. Its net worth is now NEGATIVE $8.8 billion!
Testing (ignore, just trying to figure out what HTML works and what doesn’t)
@Fibon11235
Well anyone you like.
TnX now I can write “National Debt soon to will hit $12 Trillion” at least an other two times to keep you folks sharp
@Dante Thanks that’s interesting. What a complex web they weave.
You seem quire knowledgeable, what do you think of this fella?
http://fofoa.blogspot.com/2009_10_01_archive.html
Lunch Lady Land:
http://www.youtube.com/watch?v=E_-KbstEG4E
Salisbury Steak:
http://3.bp.blogspot.com/_XU9x8G7khv0/ShWUKVfCAWI/AAAAAAAAD_s/g2_FnokBFf0/s400/DSCN1111.jpg
Debt clocks !!!!!!!
Hay – $ 12,000,105,538,302*
Which one lol
http://zfacts.com/p/461.html
http://www.usdebtclock.org
http://www.brillig.com/debt_clock/
@Dante:
Geithner works for the IMF/BIS directly as liason for the banks interests in our proxy government. He was the one that said he was very open to the idea of the sdr as reserve replacement: his retraction was weak. It doesn’t matter WHAT WE DO because we do not own our own currency. The entire system is set up for the profit of those who have controlling interest in the dollar: and who coordinated the control of the central banks. Please. The continued assertion that the central banks work through independent agency is belied by the very bank that coordinates the activities of the central banks IN THE OPEN. None of the operation is esoteric.
What we can do is set about to get ready for utter chaos and a totalitarian state machine grinding down every single right we hold dear. We can’t change people: the people prefer easy and will run downhill all the way to the abyss. Then if the light is green they’ll jump in.
Adam C. was right.
@Fib this is what I read about gold from another site regarding golds recent beating..don’t know if it’s true or not but might help..
“More useful input just came in from a highly regarded bullion dealer, which also confirms why gold can’t get through $1070. There is a massive “digital option” , which expires next Wednesday. It so large the thinking is that it is a central bank. This why all rallies toward that price level continue to fail … FOR NOW.”
clarify what this digital option at $1070 is all about…
Digital Option
What Does Digital Option Mean?
An option whose payout is fixed after the underlying stock exceeds the predetermined threshold or strike price.
Also referred to as “binary” or “all-or-nothing option.”
Investopedia explains Digital Option
The value of the payout is determined at the onset of the contract and doesn’t depend on the magnitude by which the price of the underlying moves. So, whether you are in the money by $1 or $5, the amount that you receive will be the same.
@Reply button, etc.
Drupal (which this site still runs on, n’est-ce pas?) has features which could address the problems some have mentioned with the individual-message reply link:
There are Comment Reply (and Notify) Modules which allow users to request an email when another visitor replies to one of their posts. See http://drupal.org/project/comment_replies and http://drupal.org/project/comment_notify
There is a tracker which can be enabled so that anyone can see the latest posts. Go to Administer->Site Building->Modules and enable Tracker
Although some caution is advised about adding lots of modules to Drupal as it may make upgrading to a new version more painful, you can look at the Drupal modules list and see if there is anything there which could do what users and visitors want. See http://drupal.org/project/modules
Just some ideas….
High-frequency trading now accounts for an estimated 50% to 70% of all U.S. equity trading and is growing fast in other regions and asset classes.
SEC eyes volatility in high-frequency trading http://tinyurl.com/yhw32hs
The attempts to keep gold down look more and more desperate, I wonder how long this will last.
Like pushing down on a Beach Ball in the Swimming pool, water level 1000 lol The banks fill ball with air and float on the Chinese Put.
http://video.google.co.uk/videoplay?docid=8791407376578691191&ei=fx7nSu_CIMSXlAfNluDkAQ&q=ball+water&hl=en&view=2#
@frances…do you think the average person knows what is going on? I only post on the off shot that someone might get up to speed on the situation and get interested. I’m not sure how he gets fired…it would never come down like that..but I read the commentary section of Frank Hopes post and basically people think this whole protest thing is a joke….so I guess nothing really matters. Many people are “irritated” but the administration doesn’t seem to scratch…do you have any suggestions?
Credit Rating Agencies enjoy 1st. Ammendment protection!
Are credit rating agencies about to get re-rated?
http://www.youtube.com/watch?v=eOUxUYnzgjw
@frances
Sorry, dude, but you are talking incoherent crap.
I’m taking an early day and having lunch and getting laid by some playmate material. We can discuss your delusions later on tonight.
Adios
@Dedo:
Did Mep’s comment disappear into space? And I would not like to think I was a “gossip lady”. Sounds like a Lunch Lady on a tea break. You know: I have the picture in my head:
http://www.lunchlady.us/Mom-Lunch_Lady.jpg
@WL … New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers
If the Govt. hadn’t been hijacked, they could just make all those swaps illegal – retro-dated !
The Banks have the data in their databases; it would be no problem to unwind them as if they had never been written in the first place.
After all … they were done “behind our backs” now weren’t they !
Of course , some banks may go bust .., but it would be the right banks at least !
@Frances,.Oh you do take things soooo personally for a space person,…don’t ya?!!
Regarding Mep’s comment, she was only saying she feels left out,…: )
@Dante:
Who is going to fire Tim? Did Jesse indicate whom Tim works for? Isn’t he doing exactly what his boss desires: won’t he be rewarded?
The insider trading bit was only one of the perks which go with being above the law.
How do you argue with this commentary:
Tim Geithner should be given the option to resign immediately, or be fired. He is either incompetent, too conflicted to do his job with the banks properly, or most likely, both.
Stephen Friedman should be investigated for $5.4 million in profits made through potential insider trading. His breach of fiduciary responsibility is shocking. The entire integrity of the Federal Reserve bank should be called into question. There is no place for the Fed as the primary regulator of the financial system given their penchance for secrecy and cronyism, and their inability to manage their own shop from such a scandalous conflict of interest. They are a private company owned by the banks. The proposal to give them that responsibility is patently absurd.
Obama’s administration of the financial system, cloaked in excessive secrecy, conflicts of interest, and enormous payoffs to campaign contributors demands a Congressional investigation, except of the course those doing the investigating are also implicated in the scandal.
An appointment of an independent prosecutor to investigate the Treasury bailouts is the decent thing for the Justice Department to do in any presidential adminstration, not to mention one that is a reform government that had promised transparency and an end to crony capitalism and lobbyists running the process.
If this same scandal had occurred under G. W. Bush the media would be screaming for an investigation. The intentions and performance of President Obama are fair game for discussion, and from what we can see, he is captive to a cartel of special interests including Big Healthcare and Big Finance.
http://jessescrossroadscafe.blogspot.com/2009/10/tim-geithners-14-billion-gift-to.html
National Debt soon to will hit $12 Trillion http://zfacts.com/p/461.html#993
New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers
In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with Habayeb.
Habayeb, 37, was chief financial officer for the AIG division that oversaw AIG Financial Products, the unit that had sold the swaps to the banks. One of his goals was to persuade the banks to accept discounts of as much as 40 cents on the dollar, according to people familiar with the matter.
Among AIG’s bank counterparties were New York-based Goldman Sachs Group Inc. and Merrill Lynch & Co., Paris-based Societe Generale SA and Frankfurt-based Deutsche Bank AG.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a7T5HaOgYHpE
Because it doesn’t take a rocket scientist to read the name affixed to the words and just let one’s eyes skip over the “chit/chat”.
Replying to one another is a term called DIALOGUE. If Stacy’s preference is for an end to dialogue on her site, she could ask, and I for one would happily do so.
“Mother of all carry trades”: http://bloomberg.com/apps/news?pid=20601087&sid=atlyygQuBLUI
Now we are back at the same “chit chat gossip ladies” spewing their conversation all over the comment section, sadly making others comment hidden in between.
@Mep:
Is this in reference to someone we know?
@ Stacy – Fitting that BAM would choose a hotel that has its own casino:
http://www.destination360.com/north-america/us/nevada/las-vegas/wynn
@maxkeiser.com – I think the reply option was a good improvement to the site, easier to follow who reply’s to whom and to keep a tread of a comment in discussion.
Now we are back at the same “chit chat gossip ladies” spewing their conversation all over the comment section, sadly making others comment hidden in between.
Yes there were some start up problems, I had problems clicking the reply and write a message, the writing window didn’t appear properly, though on random it sometimes popped up.
Give it a go for some few weeks then decide if the reply option works for the site or not.
@ Troy – The turnout wasn’t bad. It’s not like the annual ABA conference is widely advertised to the general public. Corporate America and Faux News didn’t mobilize people to show up and protest this one.
@Illya:
In the video I linked, Is Obama the Kwisatz Haderach, the speaker refers to Obama’s efforts to reintroduce the concept of an objective signified. This is true. Both the religious hierarchal hegemony and the idealized Hegelian state rely on the belief in objectified truth. Derridian theory proves them outdated. Space/time couldn’t care less.
It is true beauty, Illya, to get outside oneself occasionally and look about a bit.
Story Update
Russia will not sell gold in 2009
http://www.forexyard.com/en/reuters_inner.tpl?action=2009-10-27T122517Z_01_LR374011_RTRIDST_0_GOLD-RUSSIA-POSTPONEMENT-UPDATE-2
In addition, it was learned after this update that the original “leak” about buying 50 tons of gold was planted by Goldman Sachs and was “ass-backward.”
Actually Putin has plans to purchase along with the Chinese a total of “all available gold which can be delivered ASAP.”
Ha-ha just kidding.
@ Frank Hope
How do you mean start?
250 people out of 300 million+ ?
It’s a joke!
“Care to translate that into Earth-speak?”
http://en.wikipedia.org/wiki/Spacetime
Wikipedia will have to do, but makes too much reliance on linear understanding. It is a synopsis of different theories.
The rune pegged to my pseudo is an apt sign.
“A spacetime is independent of any observer.”
If the university is said to be expanding, why not our concept of time? And of course your neanderthal conception of value is a chain and ball about your heel.
Another words: the only way one can assuredly guarantee a store of wealth in an object would be to pronounce the object a transcendental signified: and the act defies time/space.
What DO you think those early alchemists were pottering about trying to achieve, Illya? Goodness: men don’t change much.
http://en.wikipedia.org/wiki/Deconstruction-and-religion
Just like in 1968, Chicago leads the nation again. It’s a start. You and Max should be pleased the Americans are finally starting to fight back.
Protesters in Chicago March on Offices of Goldman, Wells Fargo
BTW, I liked the reply functionality.
California Lawmakers Try To Sneak in Sales Tax on Amazon.com Inc. and Others
http://www.marketrap.com/article/view_article/91164/california-lawmakers-try-to-sneak-in-sales-tax-on-amazoncom-inc-and-others
@frances
Even if that means, Illya, that all your stored wealth past, present, and future will reach the inevitable state of always immediately upon severing the banker’s life?
Care to translate that into Earth-speak?
Fibon11235
Oct 27, 2009 at 6:37 am
Neither King Canute, Obama, Greenspan, Geithner nor the omnipotent Bernanke were or will be able to hold back the tides which they have created.
Although, this guy does have a chance:
http://www.youtube.com/watch?v=6r-K9knopiM
@Ptah:
Democracy happens.
“I will be the first person in line to publicly execute a banker – I won’t think twice about it.”
Even if that means, Illya, that all your stored wealth past, present, and future will reach the inevitable state of always immediately upon severing the banker’s life?
What else is the Kwisatz Haderach to do?
http://cupofjoepowell.blogspot.com/2009/06/president-obama-is-he-kwisatz-haderach.html
But I thought your Plan was to smash all the bankers’ faces in with shovels?
That’s not a “plan”: it is a preordained unavoidable eventuality.
‘Plans’ are for buffoons: the US has thousands of “plans” about invading Canada, the UK, France, Cuba, Brazil, China, Russia…they spend TRILLIONS on these “plans”. But they are obtuse, they couldn’t plan Soros’ daughters’ fucking cotillion-bat-mitzvah, never mind world empire.
Do you really think the rest of the world is so stupid as to BUY US bullshit???
I will be the first person in line to publicly execute a banker – I won’t think twice about it.
Hey, where did the really useful Reply button go to ?
In the category ‘Accidents don’t happen’, a japanese naval collision..
http://news.bbc.co.uk/2/hi/asia-pacific/8327913.stm
Japan/Eu/US block against China/Korea/BRI coutnries..
ESCAPE FROM NEW YORK
Tax refugees staging escape from New York
“New Yorkers are fleeing the state and city in alarming numbers — and costing a fortune in lost tax dollars, a new study shows.
More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.
The vast majority of the migrants, 1.1 million, were former residents of New York City — meaning one out of seven city taxpayers moved out. “
http://www.nypost.com/p/news/local/tax_refugees_staging_escape_from_qb4pItQ71UXIc0i6cd3UpK
Banks not lending especially to small businesses who deliver the most work to people is not new. Why Banks Won’t Lend, Time CNN Nov. 02, 1992 http://tinyurl.com/ygywzr5
Banks are there but not for us anymore.
Investment banks borrow money from gov’t at 0%, lend it back to them at 3%. Philip Greenspun explains how Wall Street makes billions — by bilking taxpayers.
Because of the Collapse of 2008 financial reforms, the big investment banks are able to borrow money from the U.S. government at 0 percent interest. Then they can turn around and buy short-term bonds that pay 2 or 3 percent annual interest. Now they’re making 2 percent on whatever they borrowed. They can use leverage to increase this number, by pledging some of the bonds that they’ve already bought as collateral on additional bonds. http://tinyurl.com/yfnurz6
Link Correction : –
The Military-Industrial- Congressional Complex
Parts 1 & 2
http://www.youtube.com/watch?v=0lDj9rGtioQ
http://www.youtube.com/watch?v=9P8CzRbLnC4
Illya:
BBBut I thought your Plan was to smash all the bankers’ faces in with shovels?
Good lecture –
The Military-Industrial- Congressional Complex
Parts 1 & 2
http://www.youtube.com/my_subscriptions?pi=0&ps=20&sf=added&sa=0&sq=&dm=2&s=Ekd_c4H1lmM&as=1#
http://www.youtube.com/my_subscriptions?pi=0&ps=20&sf=added&sa=0&sq=&dm=2&s=Ekd_c4H1lmM&as=1#
https://www.allianz.com/static-resources/en/about_allianz/sustainability/media/documents/sustainable_development_summary_report_2009.pdf
Corporate and Bankster unity via political proxy.
@frances
I thought you were the champion of Central Planning?
Clearly you misunderstood.
…I don’t believe in “plans” for the simple reason that plans always fail. That is the nature of plans: to fail. Why else would you call them ‘plans’ if they were not meant to fail???
@Ilya,.What else is the Kwisatz Haderach to do?
Great books,..!
Oh, and Ilya,…thanks for being our hero….!
What else is the Kwisatz Haderach to do?
Gag. The dishonest f*cks at PwC have Bill Gates behind their new impetus:
http://www.synergos.org/globalgivingmatters/features/04working.htm
Global Giving Matters.
Sending dweebs out into indigenous communities to “help” “faciliate” change. Gates is destroying education presently in Florida though the Race to the Top program: a synergy of NCLB laws and individuated accountability.
http://www.synergos.org/globalgivingmatters/
@Bill Stewart
I have to admit, I used to swim and play squash at the Landsdown Club in London … got in because a friend was a member . Women only allowed in on special invitation…
.. and I must say …. it was very quiet there !
In case some of you missed it: this is “democracy” in action.
@Illya:
I thought you were the champion of Central Planning?
Bank of America, another
http://en.wikipedia.org/wiki/Drones_Club
The Drones Club is in Mayfair, London, located in Dover Street, off Piccadilly. A drone being a male bee that does no work, living off the labour of others, it aptly describes the contemporary Edwardian stereotype of rich, idle young club members.
Wodehouse based the Drones Club on a combination of three real London clubs: the Bachelors’ Club (existed around the turn of the century), then mostly Buck’s Club (established 1919), and a dash of the Bath Club for its swimming pools ropes and rings.
However Evelyn Waugh declared that the Drones did not resemble any real club in 1920′s London.
The fictional Drones barman, McGarry, has the same surname as the Buck’s first bartender, a Mr McGarry (Buck’s barman from 1919 to 1941, credited with creating the Buck’s Fizz and Sidecar cocktails).
About a dozen club members are major or secondary recurring characters in the Wodehouse stories.
In addition to Bertie Wooster (Jeeves stories), Pongo Twistleton (Uncle Fred stories), Rupert Psmith (Psmith stories), and Freddie Threepwood (Blandings stories), prominent recurring drones include Bingo Little and Freddie Widgeon, plus Monty Bodkin, Barmy Fotheringay-Phipps, Tuppy Glossop, Catsmeat Potter-Pirbright, Archibald Mulliner, or the club millionaire Oofy Prosser.
http://www.chron.com/disp/story.mpl/special/enron/2271504.html
“In his report, Goldin also found another accounting firm, PricewaterhouseCoopers, was “grossly negligent” in preparing a fairness opinion for certain transactions involving LJM1 and Enron. The firm, known as PwC, relied on factual misrepresentations it knew were not justified from Enron executives, and the reports it prepared for Enron’s board of directors were of no value.
PricewaterhouseCoopers responded that the report holds it responsible for a job it was not hired to do.”
some good history over at mises.org on Salamanca
“Credit Crises now realy Started!” BANKS DON’T LEND has become crystal clear now from the reports. Total EURO Money Volume decreased dramatically. Just on the Dutch Economical News RTLZ
Should think this would give more deflationairy pressure on the economy.
Oh, and Ilya,…thanks for being our hero….!
US$ + FED + Bonds + Gold .. so effing predictable
http://quotes.ino.com/chart/?s=NYBOT_DX&v=d3
Looks like the US$-Index wants to get back to meet the 50-day MA !
@StacEy,……YipEEEEE,..cheers
@stacyherbert … No pleasing anyone! Reply function is turned off.
Stacy ! … you please us every day by being here !
Thanks !
In case some of you missed it: this is “democracy” in action.
You’re welcome.
http://business.timesonline.co.uk/tol/business/industry_sectors/support_services/article6889692.ece
“The Lehman Brothers scheme of arrangement is the brainchild of Steven Pearson, one of four PricewaterhouseCoopers (PwC) partners running the insolvency, and David Ereira, a partner at Linklaters, leading a team of 100 lawyers dedicated to helping PwC to clean up the mess (Michael Herman writes).
Mr Pearson joined PwC in 1989 and became a partner in 1997. Before tackling Lehmans, he cut his teeth on the administrations of Enron Europe and MG Rover. Mr Ereira is one of 20 Linklaters partners and 80 associates advising PwC on Lehmans.
When it was first announced, Mr Pearson said the Lehmans scheme was “probably the most complex” of its kind. Rivals who have examined it told The Times that Mr Pearson’s boast was “probably” right.
Regardless of whether the scheme is approved, Mr Pearson and Mr Ereira are likely to remain popular within their respective firms. Recent court filings show that PwC has earned £154 million in Lehmans-related fees, with Linklaters billing £68 million.
Linklaters leapt to justify its fees by saying that the Lehman Brothers’ bankruptcy was the “most complicated in history, raising many novel legal issues of unparalleled scale and complexity”.”
No pleasing anyone!
Thanks very much.
No pleasing anyone! Reply function is turned off.
The “Reply” button needs to go.
PriceWaterhouseCoopers and the risk-managed markets:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6432862/PricewaterhouseCoopers-drafting-a-quality-kitemark-for-prime-brokers.html
“Both investors and hedge funds are seeking increased assurance about the manner in which assets are controlled, secured, and managed when in the hands of brokers and custodians.”
“The new third-party assurance should go live next year, according to Mr Ketteringham.Unlike audits, which give the accountants’ opinion on figures related to that financial entity, these standards will drill down into the business model of the prime broker, including how safe the client’s assets are in the context of the risk posed by the overall structure of the bank and how the bank actually behaves with the assets under its care.”
@Mother …typo : “Wonership” … check out your tubecoins website !
DJIA – Same old game
Amazing how they keep the DJIA propped up while the rest of the market tanks !
Same yesterday ..same today .. same all year !
The Bank of American probably has so little equity that the Southland Building Society (NZ) could justify buying them with its staff tea fund.
“If a medieval monarch could draw the right conclusion, how hard can it be for his sophisticated 21st-century successors?”
I would hardly declare Obama and the clown mobile as the 21-successor of a Viking King who was most probably sustained on a diet of mead and rotting fish.
And I don’t think the conclusion that man’s agency should be curtailed in the face of, as Youri asserts spurious evidence, is the right one. Especially since the BID is for a world without industry or agency for humans outside the pips deigned by ‘the wise ones’.
Secret bailouts through AIG.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a7T5HaOgYHpE
Great links today, Fibon!!!
They should hire Emerill as their accountant: “See this toxic asset? BAM! Now its worth a billion.”
BAM = Bank Amidts Morans (Who let it all happen)
White House goes opensource:
http://www.huffingtonpost.com/huff-wires/20091024/us-obama-web-site/
@Jim ODonnell
Wall Street Journal compares Obama to King Canute
Friday’s Wall Street Journal featured an editorial titled “King Canute at the G-8.”
Unfamiliar with King Canute? He was the Viking king of England, Denmark, Norway and Sweden a thousand years ago.
According to legend, he stepped into the ocean and ordered the tide to recede. When it didn’t, he realized the impotence of mere mortals – even kings – in comparison to the world in which we live.
“Let all men know how empty and worthless is the power of kings,” Canute said, “for there is none worthy of the name, but He whom heaven, earth and sea obey by eternal laws.”
As the Jounal points out, the leaders of the G-8 have yet to learn what Canute learned a thousand years ago. They still think they can order the world to cool, to warm, to fetch the sticks they throw.
Especially the one known throughout the land as King Obama. Verily.
Source: John Stossel
Citi speak
Nick ..
http://www.youtube.com/watch?v=SFn5zB17Jcs&feature=sub
ZH …
http://www.zerohedge.com/article/increasing-signs-stress-citi
@maggie knowles
Thanks!!!
Goldman Sachs says “dark pools” help investors.
http://www.reuters.com/article/ousivMolt/idUSTRE59Q0QP20091027
A spokesperson for Goldman Sachs also advised Reuters that canabalism and baby mutulation has been heartly approved by its Board Of Governors as prudent business practices.
I visited some standing and stones near me recently, but these stones I visited had been pushed over by the frightened medieval Christians long ago, but it did not matter the stillness and atmosphere was breathtaking as if nothing forgotten as if a spirit lives on in them. The location and vista was similar to Stonehenge without the rope barriers or crowed, but these were in Derbyshire England in the middle of nowhere.
I wonder what our cities will look like when reclaimed by nature, I think that our extinct civilisations will look beautiful, when nature returns. The cities should return to a primitive and the peaceful state when man gone but better and more dramatic than if he not arrived.
You see what I mean?
http://www.youtube.com/watch?v=YFoWQWmdJkg
Banksters meeting in vegas…it irony of it all!
BAM BOOM!
You can view the video of protesters at the American Bankers Association Annual Conference held in Chicago yesterday (10-26-09) here:
Go to this link to read the post “Anger, At Last” posted by Esther Kaplan, where I found this video.
http://www.thenation.com/blogs/notion/488403/anger_at_last
and here’s much more at huffington post:
http://www.huffingtonpost.com/2009/10/25/bank-protests_n_333155.html
I agree. I don’t mean to be rude but not everyone spends their entire lives here as some people appear to, and there can be a lot of stuff to get through sometimes to find the interesting bits. Threads help.
Though the level of indenting is not very obvious. Is it possible to increase the paragraph intend on replies, or colour-code perhaps??
No BAM was stolen from the Food Network:
http://www.youtube.com/watch?v=XvazQUYG1kE
@gb … LOL … great lines…
What Are Unmighty Dollars Good For?
- Campaign contributions
- Donations to annoying non-profits
- Foreign aid
- Bailing out failing businesses
- Dropping from helicopters
Send other suggestions to:
Tim Geithner
c/o Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, D.C. 20220
@Max Stacy All
check out this site
http://www.thenothingstore.com/tens.php
“home of the unmighty dollar”
easier than sending dog poop!
Why did Pimco walk? What were they up to at the bargaining table? Who is behind Pimco? Could Pimco represent foreign interest in the fatted calf carving?
The IMF has seized control of the transition from the dollar via sdr manipulations and perhaps gold manipulation (if Soros is to be believed). After all, the same group that profited from the dollar ponzi scheme feels entitled to profit from the DESIGN of that system in eventuality. Bretton Woods advantage, you know.
Funny how we never learned about Bretton Woods much in school here US side. It was all Balance of Power in our government bullshit. The owner of the scales was the BIS all along.
And I wonder if the Iceland McsDeal is a result of the CIT bankruptcy?
The banner in Bloomberg news shows gold advancing yet the spot chart is definitely headed down….Is this a move to US treasuries and taking profits??? Silver below $17.00 ( $16.96 )…who’s driving the gold/silver price down??
Also “Dark Pools” and short selling are defended by GS…what a surprise…since they it is the lack of transparency they claim that adds liquidity to the market…WTF??? Funny they don’t mention HFT or the stolen(?) program ….I guess I could defend theft if I thought enough about it…but…how they don’t get a whimper from the MSM is astounding…What am I venting about…the military contractors have been caught with their hands in teh cookie jar time and time again; found guilty; fined left and right; and still are respected bidders ( when they actually bid ) for ongoing government contracts….And the prisons are full of low level felons and victimless criminals….people the fox is guarding the henhouse and looting the eggs….and taxing us to the hilt in the mean time…I wondered in days past what event could arouse the taxpayers to revolt..unfortunately it seems the grass roots movement has been subverted by Dick Army and Rush and Glenn and other shills…
I agree reply link was a bad move
Isn’t this new system entirely voluntary? What’s the beef?
I missed this over the weekend, soory if it has already been linked.
>>>>
Customers of the Dutch bank DSB have forced it into bankruptcy by withdrawing £550m of their savings in just 12 days.
They were encouraged by campaigner Pieter Lakeman who runs the Mortgage Grievances Foundation.
He appeared on Dutch television on Thursday 1 October and told customers it was “in their personal and collective interest to take their money out”.
<<<
http://newsvote.bbc.co.uk/1/hi/business/8323991.stm
(comment via Lady Snoot’s portal services)
What? How can the bank do that: purchase the note on the condo? I had a bad feelings about these categories two years ago: how FEMA calls certain area flood zones. It gives .gov deed to the land.
So is BAM working in proxy for .gov?
The courts will make them produce the deed: if it’s securitized there is no case, unless there is an opt-out for ‘flood zones’.
Property abrogation was predicted by Bill Gross:
For now investors should be holding their noses, their risk orientation, as well as their blue bags, until proven otherwise. Specifically that continues to dictate a focus on high quality bonds and steady dividend paying stocks that can survive, if not thrive, in our journey to a “new normal” economy of slower growth, muted profit gains, and potential capital destruction via default, abrogation of property rights, and dollar devaluation.
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Bill+Gross+Doo+Doo+Economics.htm
BAM = Bonus Anger Managent
Noriel Rubini on Bloomberg News 7:55 am EST in Cape Town….”recovery”???? they only provided a minute clip..sounded like more doom and gloom to me…anyone have the URL??
All insurance rates are skyrocketing…as for BofA: my daughter has a mortgage with them; recently they sent a notice to say her condo was (mysteriously??) in a flood zone..well she was out of town and by the time she read the notice, BofA sent another to say they purchased the $3500.00 a year policy for her…WTF???…also average auto rates are advancing and the 30% rate and annual fees for good customers is an outrage…how on earth can they claim a 6% inflation in the next several years??? they are bleeding the common folk at every level and oil projected to advance to $100.00 per barrel…electric cos.are requesting 30% increases in rates…and all city, county and state fines and fees are advancing….people it’s crunch time…and BofA is in the mix as the TBTF banksters….
Yeah StacEy, do what you’re told , and change it back!!
NOW!
@Stacy, I prefer thread view. That’s what I use at Yahoo. More organized. Makes it easier to find the comments you’re interested in, and to skip over the ones you’re not. Also, it helps moderators spot which threads are blowing up
BAM BAM BAM
Look at the time stamp on this comment. Yet I get second billing in the flow of conversation. That doesn’t seem right to me. I agree with Phil . . . way down near the bottom of the page who commented before I did.
IMHO
It’s a great day in America when the banksters have to scurry around like cockroaches to avoid public scrutiny.
BTW, I don’t think their PR department is going to want BAM getting around as a acronym.
http://market-ticker.org/archives/1539-Possible-Credit-Dislocation-Be-Warned.html
@Stacy … thread format
Illya was complaining about the new formatting .. I agree somewhat .. i that it becomes even more difficult to find new posts.
Normally , one should include options like : “Thread View” “Flat View” …. if not possible, then I think we should go back to the “old” flat view.
Yahoo changed their message board format years ago to this “Thread View” and many people simply left and looked for other Financial Message boards that provided ( the old standard ) sequential post numbers.
JMHO FWIW
http://www.philstockworld.com/2009/10/07/pimco-cuts-ties-with-cit-steering-committee-sells-cit-holdings/
ZeroHedge’s Tyler’s take
PIMCO walked about earlier this month:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7OEaw3BoULg
Worth a listen ( ignore the first 30 seconds )…
Includes an Alex Jones clip and others.
NATIONAL EMERGENCY AND MARTIAL LAW
http://www.youtube.com/watch?v=xcRVPW-5sL0
Birmingham City Council is attempting to use foreign investors to support mothballed developments and a delegation is this week in New Delhi in India trying to attract investment.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/6439849/Tory-plans-to-kick-start-housing-projects-get-backing-from-property-chiefs.html
————————————————————————————-
CIT lends to close to 1 million companies, making it a source of hard-to-find credit in the wake of the financial crisis. If it were to file for bankruptcy, it would be one of the five largest ever in the U.S., based on reported assets.
Earlier this month the group of Canadian noteholders asked a federal judge to annul a claim on CIT assets by Barclays Bank and other lenders, saying CIT knew it would become insolvent as a result of a rescue loan from those lenders. [ID:nN02477932] (Reporting by Elinor Comlay; Editing by Lisa Von Ahn and John Wallace)
http://www.reuters.com/article/BROKER/idUSN2617813820091026
save us…?
hmm the way things are going everything is poiting to a complete overhaul of the globes’ economy…
bye bye industry..at least for anything human (robots do it all anyway)
bye bye middle class… everything is getting bought up (starting with the banks)
so, no work, no money. What rights does a human being have in our society without work or money?
oh that’s right…they still have to take our rights away.. but that’s under way too… just look at this interview with a german lawyer talking about the Lisbon…the Irish are right
http://www.currentconcerns.ch/index.php?id=867
So you said it Mike, PRAY. but not for the shitBRICS to help you out.
great, now theyre using code.
goldman sachs = mr pink
FED chairman = mr white
lehman brothers = mr blue
mr pink: “why do i have to be mr pink? why cant i be mr black?”
mr white: “because everyone wants to be mr black! youre mr pink, and thats the end of it!”
Bad Ass Mother-%@$£ers?
Ok its from yesterday but, Snore snore back of the bus………….are we their yet..
Back to NORMAL lol
UK worrisome” comparison with Japan in the mid-1990s, when recovery began but the economy was unable to sustain it.
——————–
UK financial system ‘not able to support recovery’
Britain’s financial sector is not equipped to support recovery when it comes and could trigger a double-dip recession if not fixed, the newest recruit to the Bank of England’s Monetary Policy Committee (MPC) warned yesterday.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6441259/UK-financial-system-not-able-to-support-recovery.html
@ Mike2Liverpool My entertaining opinion, but Chill out man everything so F**** up lol be as good as gold
!!!! ha ha ha ha ——————————————-
Shock Horror Houses Cost 12 x’s Actual Average Income
This is Exeter: Devon house prices — shock report
!!!!ha ha ha ha——————————————–
“YOUNG people are being priced out of the housing market by a massive gulf between house costs and the average wage in the city. Calls have been made for an urgent injection of government cash to help resolve the housing crisis in Exeter after new figures revealed homes in the city cost more than 12 times the average income.” Surely nothing new here, but what exactly do they want the government to do? Regulate lenders in sensible loan to incomes perhaps and allow the market to fall back in line with sensible lending levels
http://www.thisisexeter.co.uk/news/Devon-house-prices-8212-shock-report/article-1456560-detail/article.html
oh… sorry, was just testing the reply function!!!
http://tinyurl.com/ygo44xj
@ Mongo as you know it does not stop a business operating its away of restarting them.
http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter11.html
is that meeting about the terms for chapter 11?
Bam bam thankyou man… BAMsters is the best I can do lol… Casino Banks, Max your spooky.. maybe it indicates the ownership and attitude, they are entertainer BAMsters.
Speaking of entertainment I think the BAMsters should try this.
http://www.youtube.com/watch?v=D4XW7YJWkxQ&feature=player_embedded
Mark to fantasy would not work !
@y’all
@ – strudel…israel.
@ – dutch…monkeys tail.
@ – finland… sleeping cat.
@ – swedish… with an elephants trunk.
@ – german… the clinging monkey.
@ – greek… little duck.
@ – russian… little dog.
@ – italy… snail.
@ – JA… stoned again.
Presumably they’ll spend the week Bingeing on America’s Money.
What’s wrong with a bit of deflation anyway?
BAM = Boning Americans Mercilessly?
@y’all
wham, BAM thanks uncle sam!!!
Bankers meeting in Vegas???
Its Max’s Casino Gulag brigade.
BAM! wasn’t that the sound edited in Maxe’s show happening at 58 BroadSt.?
http://www.businessinsider.com/uk-mortgage-backed-bond-market-revitalized-2009-10
I hope & Pray the “BRIC’s” can save us.
Mike
Bastards @ Meeting
Notice that the TORY party in UK is getting all Hot & bothered REF House prices. Their leader is now spending his time that bitch from “Location,Location,Location (Britans fav House price ramper)
Seems the Tory party want to RAMP homes prices & restart the Casios all over again!
Mike
1st?
Mike