Here are some more.
Regulators may not want TARP money back soon
Federal Takeover
Will the White House and Treasury Let the Big Banks Repay TARP Money?
The Future of Banking
PeakOil is You
THE TARP Thread (merged)
Re: Obama Refuses To Accept TARP Money Back From Banks
by yesec9 » Thu 09 Apr 2009, 16:45:02
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Re: Obama Refuses To Accept TARP Money Back From Banks
by deMolay » Thu 09 Apr 2009, 23:29:04
One thing I have learned Brovant, is that to be a survivor, you take in all sources of information. Be very aware of your surroundings and process all info. And then move ahead. My only bias in life is to survive. I could give a rat's ass if it was Obama or Bush or Ronnie Rayguns himself. I know I am the field mouse in the Elephants Pen. I think and work for myself and my family. You may be a wonderful math whiz etc. My background is the Korean War Era, Death by Nukes at any time. Nuclear War Drills, hide in the ditch if caught in the open, quietly curl up under your desk at school, like a good kid. Bomb Shelters in the back yard, Depression era parents, Vietnam Era, the 60's early bikers, I had already built a Harley Chopper out of a 48 Knuclehead with a springer frontend before Easy Rider and all the shit in between. And no I'm not pissed. I'm still learning. I am already into my Doomstead for about 18 years now. No mortage, no personal debt, personal worth around 1 million in real assets. My own herd of cows and 800 acres of land. My own saddle horses, I can start a fire on a wet day without matches. I have dropped a moose with one shot in the lungs at 500 yards. But yah I am always willing to learn.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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Goldman wants OUT of TARP
by ReverseEngineer » Tue 14 Apr 2009, 03:35:59
Goldman apparently wants OUT of the TARP plan, primarily because the Pigmen running the company don't want their paychecks slashed. All of a sudden, while the rest of the world and every business and bank is near bankruptcy (or really bankrupt and not admitting it yet), Goldman is reporting a 39% increase in trading revenue to the tune of $7.19B.
$this->bbcode_second_pass_quote('', 'G')oldman's chief executive, Lloyd Blankfein, said the bank's financial results, which included a 39% rise in trading and investment revenue to $7.15bn, were strong in a climate of frozen credit markets. "Given the difficult market conditions, we are pleased with this quarter's performance," he said.
$this->bbcode_second_pass_quote('', 'G')oldman's chief executive, Lloyd Blankfein, said the bank's financial results, which included a 39% rise in trading and investment revenue to $7.15bn, were strong in a climate of frozen credit markets. "Given the difficult market conditions, we are pleased with this quarter's performance," he said.
Can you spell COOKING THE BOOKS? You think Goldman made $7.19B by shorting the market for the last 3 months perhaps? Goldman is trying to leverage their BS to sucker more people into investing in them, and will offer $5B in new shares, so they can buy their way out of the TARP program.
$this->bbcode_second_pass_quote('', 'T')he Wall Street bank Goldman Sachs last night launched a $5bn (£3.4bn) fundraising in an effort to generate sufficient cash to become the first major institution to pay back emergency bailout money provided by US taxpayers.
Guardian UK
Now sadly, I can see the Chinese liquidating some Treasuries to buy a bigger piece of Goldman than they already own, figuring Goldman is a safer investment than Treasuries, which actually isn't a bad bet these days, relatively speaking of course. However, if they really BELIEVE Goldman's Mark to Make Believe and are investing in the company because they really think these guys made $7.19B, they are even dumber than I thought they were, which is pretty dumb.
The Banksters at Goldman are making a sucker play and trying to get everyone to believe THEY are still making money in the Ponzi. If they get enough folks with big money to BELIEVE them, they can save their asses for a while and get out from under those nasty Compensation limits to the top Pigmen. However, Mark to Make Believe is still BS, and their Balance Sheet is total FICTION. It will be interesting to see how they continue to recapitalize once opting out of TARP. Like Bernie Madoff on a bigger scale, they are suckering in much BIGGER money than he did to keep their Ponzi going a while longer. How MUCH longer? Without steady infusions of cash, they won't be able to meet their obligations on promised returns to these investors. They can cook the books all they want, but they cannot sell the assets at what they value them at. They are toast, just toast that is cooking a while longer.
Reverse Engineer
Last edited by Ferretlover on Wed 15 Apr 2009, 15:57:44, edited 1 time in total.
Reason: Merged with THE TARP Thread.
Reason: Merged with THE TARP Thread.
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Re: Goldman wants OUT of TARP
by Micki » Tue 14 Apr 2009, 03:59:51
When you say cooking the books... just remember every trade should have a winner and a loser.
So far we have just heard about the losers.
But where is all the bailout money going? I doubt they need trillions just to keep the businesses going a bit longer. And the popular belief that it just goes into a black hole - how does that even work?
No, the tax payers money goes towards paying the winners of the derivaties.
Somewhere someone sits rubbing their hands.
So far we have just heard about the losers.
But where is all the bailout money going? I doubt they need trillions just to keep the businesses going a bit longer. And the popular belief that it just goes into a black hole - how does that even work?
No, the tax payers money goes towards paying the winners of the derivaties.
Somewhere someone sits rubbing their hands.
- Micki
Re: Goldman wants OUT of TARP
by ReverseEngineer » Tue 14 Apr 2009, 04:17:37
$this->bbcode_second_pass_quote('Micki', 'W')hen you say cooking the books... just remember every trade should have a winner and a loser.
So far we have just heard about the losers.
But where is all the bailout money going? I doubt they need trillions just to keep the businesses going a bit longer. And the popular belief that it just goes into a black hole - how does that even work?
No, the tax payers money goes towards paying the winners of the derivaties.
Somewhere someone sits rubbing their hands.
So far we have just heard about the losers.
But where is all the bailout money going? I doubt they need trillions just to keep the businesses going a bit longer. And the popular belief that it just goes into a black hole - how does that even work?
No, the tax payers money goes towards paying the winners of the derivaties.
Somewhere someone sits rubbing their hands.
Oh, no doubt Goldman's "Profits" are in large part due to payouts from AIG on CDS contracts, and the payouts from AIG come from the Funny Money printed by Ben Bernanke. They DO NOT come from the Taxpayer, because the Tax Base is shrinking faster than Male Gonads in an ocean of Dioxin. The Taxpayer isn't getting hit here, the Printing Press is. There are not enough Taxpayers left to cover these bills.
Buying Goldman stock because they show a profit from CDS payouts of Funny Money is no different than buying Treasuries, which also have nothing to do anymore with the Taxpayer or foreign countries buying US Debt. The main bet here is that Goldman is going to get more Funny Money than anyone else, which is a good bet, but it makes no real money, just Funny Money.
Goldman sits atop a chain of collapsing assets, and da Goobermint is propping them up, but the balance sheet is still a fiction. The money they get from AIG that Ben Bernanke prints is STILL worthless, its STILL not backed by anything and its STILL going to disappear into the black hole of debt. Goldman probably will be the last one to go down here, even after Sovereign countries like China or the US, but they STILL are going down. You are just watching machinations of an implosion here. There is NO wealth being created, and productivity everywhere is falling through the basement. You CANNOT make a REAL profit this way, no matter what smoke and mirrors you throw up.
Reverse Engineer
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Re: Goldman wants OUT of TARP
by Micki » Tue 14 Apr 2009, 06:00:08
I am of course in the camp that considers inflation a tax. A (tax) burden mainly on lower income people who cannot protect themselves from debasement by stocking up gold or twinkies. The tax is then paid everytime you make a purchase. Inflation, deflation, taxes, robberies, they all serve the same purpose, to remove purchasing power from some and increase for others.
- Micki
Re: Goldman wants OUT of TARP
by Pretorian » Tue 14 Apr 2009, 08:48:33
$this->bbcode_second_pass_quote('Micki', ' ') Inflation, deflation, taxes, robberies, they all serve the same purpose, to remove purchasing power from some and increase for others.
Isn't it what life is about? Is there an animal, plant or a mushroom that acts differently? So why all this surprise?
- Pretorian
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