Stacy Summary: LOL, no doubt, Timmy is just the ‘market maker’ in this situation!
  |
 |
 |
Stacy Summary: Kashkari’s Freudian slip, we had to “hold up the world.”
Mr Kashkari admitted that he plucked “a number out of the air” when deciding with Mr Paulson how much funding to request from Congress for the Tarp.
He told The Washington Post that he used his BlackBerry to calculate the bailout figures: “We have $11 trillion residential mortgages, $3 trillion commercial mortgages. Total $14 trillion. Five per cent of that is $700 billion. A nice round number.”
Recalling a conversation with Mr Paulson, he said: “It was a political calculus. I said, ‘We don’t know how much is enough. We need as much as we can get . What about a trillion?’ ‘No way,’ Hank shook his head. I said, ‘Okay, what about 700 billion?’ We didn’t know if it would work. We had to project confidence, hold up the world. We couldn’t admit how scared we were, or how uncertain.”
|
|
|
Stacy Summary: Fraud is the system.
“When I first took office, I can’t tell you how many times I’d be having a sit-down and warning about potential fraud in the program and I would hear a response basically saying, ‘Oh, they’re bankers, and they wouldn’t put their reputations at risk by committing fraud,’” he said.
|
|
|
Stacy Summary: It grows more evident every day that the global economy is truly in the hands of jokers.
|
|
|
Stacy Summary: The disbelieving Ponzi victims remind me of nearly the entire populations of much of the Western world that Ambrose says await an Irish fiscal fate. What are you thinking or reading about today?
|
|
|
Stacy Summary: The Fed to get Treasury bailout? You mean the Fed is a private bank? In the meantime, Latin American & Caribbean nations and provide greater details on their new regional currency, the sucre.
|
|
|
Posted in Headlines
Tagged canada, fed, max keiser, somali pirates, stacy herbert, sucre, summit of the americas, tarp, treasury
Stacy Summary: Joe Bag of Donuts continues to eat dust. Lord Bankster continues to pick his dust eating pockets. “Personal theft” soars 25% in UK. Police gave no indication on how much is related to bank bailouts. And, a guy in San Francisco takes some of his money back from the bankers.
Updates:
|
|
|
Posted in Headlines
Tagged latin american currency, northern rock, sucre, tarp, thievery
Stacy Summary: A Saudi Prince losing control of his Kingdom. In the United Kingdom, meanwhile, a nation where a man’s home is his casino castle, mortgage chip holders are now underwater and sinking fast.
Updates:
|
|
|
Posted in Headlines
Tagged china, citi, imf gold, india, jpmorgan, KHC, moody's, prince alwaleed, state sales taxes, tarp, uk government deficit, uk houseprices, unemployment rate
Stacy Summary: The US government and its latest imperial presidency are not ready to stop transferring wealth from the population to the bankers and are doing everything in their power to stop the people from knowing that it is happening. And it looks like once they are done looting us, they are planning on sending our bankrupt a**es to the IMF. Welcome to neo-feudalism 2.0.
|
|
|
Rick Ackerman
King World News Mish Karl Denninger – Market Ticker Michael Hudson ZeroHedge The Big Picture![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
Most recent: 
