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Author Topic: Fed to Wall Street: Drop Dead  (Read 1165 times)
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ivanm
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« on: September 15, 2008, 01:35:22 PM »
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ivanm
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« Reply #1 on: September 15, 2008, 01:38:54 PM »
Merrill Lynch used to be a fairly conservative brokerage firm and I think that Lehman has been working with some very speculative bonds and derivitaves for quite some time now.

As sad as it may be, and as much as I hate to see thousands of folks losing their fat jobs, it is time the Fed does say no. 
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notoc
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« Reply #2 on: September 15, 2008, 02:36:27 PM »
Quote from: ivanm on September 15, 2008, 01:38:54 PM
As sad as it may be, and as much as I hate to see thousands of folks losing their fat jobs...

They should be losing their liberty. Make no mistake, Lehman's board members have been committing fraud for the past 5 years... at least.
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Q. Mornac, do you have any demonstrative proof that your god exists?
A. Yes, but only if yes means the same as no.

Q. Mornac, why do you think 98% of Catholics are acting contrary to Catholic teaching?
A. Crickets

Q. What about you, Mornac? Have you ever acted contrary to Catholic teaching and used contraception?
A. While I was a Catholic, the answer is no.
lucy
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« Reply #3 on: September 15, 2008, 04:54:51 PM »
Well, they weren't the only ones....
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"When power leads man toward arrogance, poetry reminds him of his limitations. When power narrows the areas of men's concern, poetry reminds him of the richness and diversity of his existence. When power corrupts, poetry cleanses, for art establishes the basic human truths which must serve as the touchstone of our judgment."

John F. Kennedy, Oct. 26, 1963, Address, Amherst College
lucy
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« Reply #4 on: September 15, 2008, 05:27:03 PM »
I wonder how the relationship/partnership with Chinese investors helped Bank of America aquire Merrill-Lynch....
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"When power leads man toward arrogance, poetry reminds him of his limitations. When power narrows the areas of men's concern, poetry reminds him of the richness and diversity of his existence. When power corrupts, poetry cleanses, for art establishes the basic human truths which must serve as the touchstone of our judgment."

John F. Kennedy, Oct. 26, 1963, Address, Amherst College
ivanm
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« Reply #5 on: September 15, 2008, 07:07:54 PM »
Quote from: notoc on September 15, 2008, 02:36:27 PM
They should be losing their liberty. Make no mistake, Lehman's board members have been committing fraud for the past 5 years... at least.


Good to see you back. 
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notoc
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« Reply #6 on: September 15, 2008, 07:35:18 PM »
Quote from: lucy on September 15, 2008, 05:27:03 PM
I wonder how the relationship/partnership with Chinese investors helped Bank of America aquire Merrill-Lynch....

If BoA hadn't aquired Merrill (I'd love to see who's underwriting Merrill's exposure) then Merrill would have gone to the wall this morning making today's 500 point DOW slide look like a recovery.

In the end there'll be just one bank left, it will be under the direct control of the FED 100% underwritten by tax dollars and 1000% leveraged.
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Q. Mornac, do you have any demonstrative proof that your god exists?
A. Yes, but only if yes means the same as no.

Q. Mornac, why do you think 98% of Catholics are acting contrary to Catholic teaching?
A. Crickets

Q. What about you, Mornac? Have you ever acted contrary to Catholic teaching and used contraception?
A. While I was a Catholic, the answer is no.
notoc
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« Reply #7 on: September 15, 2008, 07:38:21 PM »
Quote from: ivanm on September 15, 2008, 07:07:54 PM
Good to see you back. 

Thanks, ivan.

I took a couple of weeks off and went in search of some sun, since the UK's summer has been all but nonexistent this year.
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Q. Mornac, do you have any demonstrative proof that your god exists?
A. Yes, but only if yes means the same as no.

Q. Mornac, why do you think 98% of Catholics are acting contrary to Catholic teaching?
A. Crickets

Q. What about you, Mornac? Have you ever acted contrary to Catholic teaching and used contraception?
A. While I was a Catholic, the answer is no.
lucy
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« Reply #8 on: September 15, 2008, 08:34:57 PM »
Quote from: notoc on September 15, 2008, 07:35:18 PM
If BoA hadn't aquired Merrill (I'd love to see who's underwriting Merrill's exposure) then Merrill would have gone to the wall this morning making today's 500 point DOW slide look like a recovery.

In the end there'll be just one bank left, it will be under the direct control of the FED 100% underwritten by tax dollars and 1000% leveraged.

Which bank will that be? Dr. Weiss says even BOA may have troubles up ahead/
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"When power leads man toward arrogance, poetry reminds him of his limitations. When power narrows the areas of men's concern, poetry reminds him of the richness and diversity of his existence. When power corrupts, poetry cleanses, for art establishes the basic human truths which must serve as the touchstone of our judgment."

John F. Kennedy, Oct. 26, 1963, Address, Amherst College
notoc
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« Reply #9 on: September 16, 2008, 02:53:17 AM »
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Q. Mornac, do you have any demonstrative proof that your god exists?
A. Yes, but only if yes means the same as no.

Q. Mornac, why do you think 98% of Catholics are acting contrary to Catholic teaching?
A. Crickets

Q. What about you, Mornac? Have you ever acted contrary to Catholic teaching and used contraception?
A. While I was a Catholic, the answer is no.
Pepsi
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« Reply #10 on: September 16, 2008, 05:41:32 AM »
Quote from: ivanm on September 15, 2008, 01:35:22 PM
essentially told them, "thanks but no thanks" on their request for a bridge loan to nowhere.

Hilarious that this phrase lie has found it's way into the American lexicon  Grin
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ivanm
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« Reply #11 on: September 16, 2008, 11:12:07 AM »
The stock market is like a yoyo, down hard yesterday, and up about 90 this morning.  I have some Delta Airlines stock that I was given after my Delta bonds defaulted.  They are up this morning, so what gives?  It is just a crap shoot.  I would like to recover some of my losses on Delta and then move to something safer, like a CD.
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lucy
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« Reply #12 on: September 16, 2008, 01:37:30 PM »
The Federal Reserve jump=started the market with about 70B this morning to shore up AIG, from what it seems...maybe that is what is boosting the market today...AIG is still going downward....

Also, Bank of Japan, and perhaps others, pumped billions in as well...a billion here, a billion there..../
« Last Edit: September 16, 2008, 01:51:47 PM by lucy » Logged
"When power leads man toward arrogance, poetry reminds him of his limitations. When power narrows the areas of men's concern, poetry reminds him of the richness and diversity of his existence. When power corrupts, poetry cleanses, for art establishes the basic human truths which must serve as the touchstone of our judgment."

John F. Kennedy, Oct. 26, 1963, Address, Amherst College
notoc
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« Reply #13 on: September 17, 2008, 05:13:23 PM »
Quote from: lucy on September 16, 2008, 01:37:30 PM
The Federal Reserve jump=started the market with about 70B this morning to shore up AIG, from what it seems...maybe that is what is boosting the market today...AIG is still going downward....

Also, Bank of Japan, and perhaps others, pumped billions in as well...a billion here, a billion there..../

So, the US taxpayer now owns all of AIG's debts...  and Wall Street's reaction? - Short every other financial institution and drive the markets down another 4%. Socialism in action.

The DOW free fell 300 points in the last hour of trading, fear rules.
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Q. Mornac, do you have any demonstrative proof that your god exists?
A. Yes, but only if yes means the same as no.

Q. Mornac, why do you think 98% of Catholics are acting contrary to Catholic teaching?
A. Crickets

Q. What about you, Mornac? Have you ever acted contrary to Catholic teaching and used contraception?
A. While I was a Catholic, the answer is no.
lucy
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« Reply #14 on: September 17, 2008, 06:54:00 PM »
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"When power leads man toward arrogance, poetry reminds him of his limitations. When power narrows the areas of men's concern, poetry reminds him of the richness and diversity of his existence. When power corrupts, poetry cleanses, for art establishes the basic human truths which must serve as the touchstone of our judgment."

John F. Kennedy, Oct. 26, 1963, Address, Amherst College
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