PeakOil is You
Bloomberg: Bank Stress Test Leaked But Hal Turner Got It
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by Jotapay » Wed 22 Apr 2009, 07:33:39
Like someone posted on another forum, it is a crazy world we are living in when a white supremacist has more credibility in their statements than the Treasury.
- Jotapay
- Intermediate Crude
- Posts: 3394
- Joined: Sat 21 Jun 2008, 03:00:00
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by OutOfGas » Wed 22 Apr 2009, 15:44:48
If the stress test results were good, you can believed they would be immediately released.
If the Treasury Dept. does not release full report or sugar coats, the Turner info is probably true.
The credit default swaps are going to take us all down.
Buy gold, canned food and ammo. We are going to need it.
If the Treasury Dept. does not release full report or sugar coats, the Turner info is probably true.
The credit default swaps are going to take us all down.
Buy gold, canned food and ammo. We are going to need it.
- OutOfGas
- Peat
- Posts: 152
- Joined: Sat 21 Mar 2009, 19:31:45
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by Delphis » Wed 22 Apr 2009, 16:15:01
What is unusual is we are listening more closely than we have before so the lies become much easier to detect.
"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."....Albert Einstein
-
Delphis - Peat
- Posts: 169
- Joined: Tue 09 Sep 2008, 03:00:00
- Location: Hobbiton, but it's looking more like Mordor by the day...oh! hey Sauron, I didn't see you behind me!
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by TheAntiDoomer » Wed 22 Apr 2009, 16:16:53
oh goodness graciuos, hey fellas make sure if you go visit Hal Turner you have the right badge to get into his building:
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar
Do I make you Corny?
"expect 8$ gas on 08/08/08" - Prognosticator
Do I make you Corny?
"expect 8$ gas on 08/08/08" - Prognosticator
-
TheAntiDoomer - Heavy Crude
- Posts: 1556
- Joined: Wed 18 Jun 2008, 03:00:00
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by yesplease » Wed 22 Apr 2009, 17:35:46
$this->bbcode_second_pass_quote('IslandCrow', 'A')s far as I know the banks may well be insolvent now, but to claim it on the basis of a future senario (even if it seem mild to the doomers here) is very sloppy logic, especially if one is not prepared to release the source document.
It also puts the government's actions in context, since having a bunch of banks become insolvent would create a liquidity trap in that sector and grind the rest of the economy to a halt from a huge drop in lending. While it may not be fair if the fed gives the banks however much in loans so they don't become insolvent, the banks can go from writing down their losses over a year or two to over five years or so, and they can stay solvent and functional, keeping the rest of the economy going, and eventually pay off the government loans. It's a shame Bush put the regulatory agencies to sleep and this got as bad as it did in the first place, but considering how much money we're talking about we should expect people to game, or at least try to game, these kinds of systems.$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
-
yesplease - Intermediate Crude
- Posts: 3765
- Joined: Tue 03 Oct 2006, 03:00:00
Re: Bloomberg Reports Stress Test Leaked But Hal Turner Got It
by OutOfGas » Wed 22 Apr 2009, 22:43:37
Who would have believed 2 years ago the US gov. would give a company 180 billion . AIG
Then allowed this company to use the money to pay off credit default swaps ?
Bush and Obama are different sides of the same coin.
The American worker is screwed.
Yes , I believe the banks are in bad shape.
I did not need Hal Turner to understand this.
Then allowed this company to use the money to pay off credit default swaps ?
Bush and Obama are different sides of the same coin.
The American worker is screwed.
Yes , I believe the banks are in bad shape.
I did not need Hal Turner to understand this.
- OutOfGas
- Peat
- Posts: 152
- Joined: Sat 21 Mar 2009, 19:31:45
26 posts
• Page 2 of 2 • 1, 2
Who is online
Users browsing this forum: No registered users and 0 guests