Financial Crisis

[Naam]

Mee-duss and Uhleksx wear funny hats. Goldie Frying needs a haircut badly.

[lannarebirth]

I think the idea of talking about the frauds, conspiracies etc. is really to keep the fires burning under the perpetrators. By not letting the issue die the authorities may have to act.

Many questions need answers and hopefully the system will become fairer for all to make a buck or 2.

The Gold sacks of the World will pay one day if the talk is kept up.

Ground swell - class action - fall guys.

I am looking forward to it

Goldman Sachs is a corporation. Corporations have limited liability and vast numbers of shareholders, some of whom are your family, friends and neighbors. If you've been paying attention you'd know financial executives get most of their remuneration on the front end. These people will only suffer when the public ceases to care about markets. Since most everyone has been co-opted into caring about markets, their careers look as bright as ever. Fraud and wars seem a small price to pay for our leisure, chai mai?

[teletiger]

i recognise Mee-duss, Uhleksx the Lala and Goldie Frying. but who might be the forth one?

Those under the hooves care not for names. We will all be trodden in. Even those in ivory towers.

Regards.

[BlackJack]

history proves that the powers that be - kings, Queens, countries, currencies can and do fall

the USA is no different

[BlackJack]

I think the idea of talking about the frauds, conspiracies etc. is really to keep the fires burning under the perpetrators. By not letting the issue die the authorities may have to act.

Many questions need answers and hopefully the system will become fairer for all to make a buck or 2.

The Gold sacks of the World will pay one day if the talk is kept up.

Ground swell - class action - fall guys.

I am looking forward to it

Goldman Sachs is a corporation. Corporations have limited liability and vast numbers of shareholders, some of whom are your family, friends and neighbors. If you've been paying attention you'd know financial executives get most of their remuneration on the front end. These people will only suffer when the public ceases to care about markets. Since most everyone has been co-opted into caring about markets, their careers look as bright as ever. Fraud and wars seem a small price to pay for our leisure, chai mai?

Obviously you have not read Cuomo's Report

[midas]

history proves that the powers that be - kings, Queens, countries, currencies can and do fall

the USA is no different

Moral corruption destroys the conscience, and with the passing of conscience, social peace and stability are also destroyed

[flying]

These people will only suffer when the public ceases to care about markets.

This would be the preferred method & one I have mentioned a few times now.

Folks should demand their pensions etc all be pulled form these crooked casinos.

If & when that fails then they should just be removed one by one. Tam Mai La ?

Later looking back in hind sight fixing this fixable problem will seem like such a better/easier solution compared to the anarchy that is sure to ensue.

[Naam]

...the anarchy that is sure to ensue

GOOD LAWD! when dee anarchy will ensue? 'morrow or afta?

[Naam]

history proves that the powers that be - kings, Queens, countries, currencies can and do fall. the USA is no different

Moral corruption destroys the conscience, and with the passing of conscience, social peace and stability are also destroyed

any time from now!

[flying]

...the anarchy that is sure to ensue

GOOD LAWD! when dee anarchy will ensue? 'morrow or afta?

Oh thats right I forgot yo' in Pattaya

You need ta ax yo' buddies in ALLABama & Florida. Its already getting going fine ass pimp-tight in some places. Remember Mr O's idea about duh Townhall style o' meetings?

Well dey iz being canceled at alarming rates. Seem da House representatives iz havin' ta be taken out byu po-po 5-0 escort. So now dey iz refusing ta meet wiff they constituents anymo'. They will do it via phone & web.

Ah well what 'chew thinking man?

Edited August 1, 2009 by flying

[flying]

PS: 5 more banks today

69 so far this year....Good number but I think it will change again next Friday.

Wonder if it wouldn't be better to close the too big too fail banks & leave these

neighborhood banks with the bail out $$$

http://www.fdic.gov/bank/individual/failed/banklist.html

[midas]

PS: 5 more banks today

69 so far this year....Good number but I think it will change again next Friday.

Wonder if it wouldn't be better to close the too big too fail banks & leave these

neighborhood banks with the bail out $$$

http://www.fdic.gov/bank/individual/failed/banklist.html

Yes but it could have been worse - it could have been 80 banks that failed so

that will be worth another 100 + points on the Dow on Monday

[flying]

Yes but it could have been worse - it could have been 80 banks that failed so

that will be worth another 100 + points on the Dow on Monday

See now that is looking for the good in this mess.

The silver lining in a cloud....

Making Lemonade when life is giving lemons etc.

I dont know why some Kligons say stuff like....

resident apocalyptic riders

[Naam]

PS: 5 more banks today

did you lose some of your money... ahmmm i mean of course some of your gold because of that?

[Naam]

69 so far this year....Good number...

...except when you get pubic hair between your teeth

[flying]

did you lose some of your money... ahmmm i mean of course some of your gold because of that?

Dude you dont know me too well....I dont keep any real money in the banks. I dont even keep much fiat in there....Just enough to pay a year of the monthly nuts.

Ok ....as for the actual subject...None lose any money on these deals. We have the FDIC as Im sure you know That is not the point..What we have is the death of what is probably the more honest banks as they are closed & their accounts shifted to the too big too fail boys. You dont think that is a good idea do you?

69 so far this year....Good number...

...except when you get pubic hair between your teeth

Heheh that is why the Chinese word for 69 is two can chew

Edited August 1, 2009 by flying

[Jake1]

PS: 5 more banks today

did you lose some of your money... ahmmm i mean of course some of your gold because of that?

Via taxes and inflation the deposits need to given back to the owners somehow. So yes, we are paying for it.

[flying]

Via taxes and inflation the deposits need to given back to the owners somehow. So yes, we are paying for it.

Actually that is true as it is all a shell game.

But interesting thought that the FDIC gets its money from

assessments on insured banks, and of course interest on US Govt. securities it holds.

So.........It stands to reason that they are bailing depositors & their funds are being drawn down in what will ultimately be a pyramid scheme if it continues at this rate... Some will not be paid....at least not with dollars earned by insurance assessments on banks that no longer exist. They are in fact losing their customers/supporters...But as we know the FED will fire up the presses & jump in. It was pretty obvious when this mess started & they quickly upped the insurance from 100k to 250k per depositor. They knew as they know now that ultimately they will not be able to cover...at least not with existing funds.

That web site that lists all the banks 69 that have failed so far this year....Too bad they do not list what they had to cover ....although I am sure we will hear soon enough.

But still does make one wonder.

[BlackJack]

Oh no not another conspiracy theory - Yes these Wall Street giants all conspired to fraud the public/banks as Capco may on a really good day be able to raise 150 million or so (on paper) however they insured these giants for Billions after Lloyd s of London refused.

Capco, which is private, is something of a financial mystery. Its members include Wall Street giants like Morgan Stanley and Goldman Sachs, banks like JPMorgan Chase and Wells Fargo, smaller brokerage firms like Robert W. Baird & Co. and Edward Jones, and Fidelity, the mutual fund giant. Capco was initially registered in New York but later moved to Vermont, where state law enables it to operate without disclosing much about its finances. Vermont, a haven for so-called captive insurance companies, whose owners are the ones buying the policies.

It's unclear who actually serves as the current president of Capco, and the company's main phone number connects to a recording that tells callers they've reached a "nonworking number at Morgan Stanley."

You will be hearing more about this company in the coming months as first claim will be Lehman Brothers Inc. Then more to follow.

BUT if they're not answering the phones ............................

What goes around comes around.

Edited August 1, 2009 by BlackJack

[chiang mai]

This seems a worrying trend ?

Building societies suffer record £2.3bn withdrawal of savings

the biggest monthly outflow of savings for 54 years in June — and warnings of continued withdrawals as unemployment forces savers to dip into their nest eggs.

http://www.newstin.co.uk/rel/uk/en-010-016750512

It's not as worrying as it might seem perhaps. There were equally large inflows shortly after the Northern Rock fiasco and as the situation has stabilized somewhat much of that money has now gone in search of decent or better returns. As the article points out, Nationwide, the country's biggest mutual, is conspicuously absent from the best buy league tables - this means that they are not aggressively seeking new deposits and since rates are so low, inevitably they will lose some deposits to other banks/institutions. Secondly, there has been fairly significant activity in the UK housing market in property up to around 170k and the industry seems to think that much of this is being financed by the bank of mum and dad and that money has likely been held in mutual accounts. Finally, the mini boom in equities currently underway is also likely to attract investments away from mutuals and I would imagine accounts for some of those withdrawn funds. In summary, the outflow is just a partial reversal of the large inflow occurring earlier.

[midas]

This seems a worrying trend ?

Building societies suffer record £2.3bn withdrawal of savings

the biggest monthly outflow of savings for 54 years in June — and warnings of continued withdrawals as unemployment forces savers to dip into their nest eggs.

http://www.newstin.co.uk/rel/uk/en-010-016750512

It's not as worrying as it might seem perhaps. There were equally large inflows shortly after the Northern Rock fiasco and as the situation has stabilized somewhat much of that money has now gone in search of decent or better returns. As the article points out, Nationwide, the country's biggest mutual, is conspicuously absent from the best buy league tables - this means that they are not aggressively seeking new deposits and since rates are so low, inevitably they will lose some deposits to other banks/institutions. Secondly, there has been fairly significant activity in the UK housing market in property up to around 170k and the industry seems to think that much of this is being financed by the bank of mum and dad and that money has likely been held in mutual accounts. Finally, the mini boom in equities currently underway is also likely to attract investments away from mutuals and I would imagine accounts for some of those withdrawn funds. In summary, the outflow is just a partial reversal of the large inflow occurring earlier.

If you are right I hope they didnt invest in RBS

RBS poised to deliver £1bn blow to investors

http://business.timesonline.co.uk/tol/busi...icle6735675.ece

[flying]

I know some folks here like Martin Armstrong

He has a new one out....

http://www.scribd.com/doc/17880556/How-ALL...e-Overnight-709

He has quite a grasp on history too.

I guess he has lots of time to read in Fort Dix

Man I hate this scribd system of reading so much!

If anyone knows of a place to view these as docs or anything better please let me know.

[Naam]

PS: 5 more banks today

did you lose some of your money... ahmmm i mean of course some of your gold because of that?

Via taxes and inflation the deposits need to given back to the owners somehow. So yes, we are paying for it.

perhaps you do, i don't

[Naam]

the Chinese word for 69 is two can chew

[flying]

....ooops

Edited August 2, 2009 by flying

[AlexLah]

Have not been posting a picture for a while so decided to pick up again.

But what does it mean?

[AlexLah]

How about injecting another 180 Billion to the too big to fail?

http://www.dailyfinance.com/2009/07/31/aft...-verge-of-colla

[midas]

How about injecting another 180 Billion to the too big to fail?

http://www.dailyfinance.com/2009/07/31/aft...-verge-of-colla

its just so comforting to know Obama has an insurance czar who can take are of things

Edited August 2, 2009 by midas

[Naam]

How about injecting another 180 Billion to the too big to fail?

http://www.dailyfinance.com/2009/07/31/aft...-verge-of-colla

its just so comforting to know Obama has an insurance czar who can take are of things

Obama's problem is that he does not listen to the advice of the resident TV wise advisers. i'm sure he'll regret that sooner or later.

[Chaimai]

Have not been posting a picture for a while so decided to pick up again.

But what does it mean?

Aaaagh, I know this one:-

THE ONLY WAY IS UP

correct ?