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Furst
When a private company delays reporting its financial statements, its stock gets whacked.
When a government agency does the same thing... I guess nothing happens.
Wow, we need to nationalize some more industries.
Great. I can't wait to get the good news. It feels like Christmas eve.
The delay is because they have too much good news and have to figure how how to get it all into one report.
It's a good thing FHA junk mortgages aren't on the Fed's balance sheet.
Yahoo! 404 - Page Not Found
HA: In an environment like we're in today, you need to look at a number of different economic scenarios and in the process of doing that, we needed to track down some potential issues," Dennis said.
Yeah, I bet.... Like, don't let you know Hu find out.
I almost misread that as "Senate approves aid for jobless homebuyers"
That's still a couple of months out isn't it?
don't worry...we will not monetize
also...this is inflationary right?
Hoocoodanode.
Who cares about the facts anyway? We're in a recovery. :green shoots:
Do Yu know Hu I Am?
" I almost misread that as "Senate approves aid for jobless homebuyers"
That's still a couple of months out isn't it? "
Or homeless job buyers.
98-0. That is why they bundled it all together - the popular unemployment benefit extension with the unpopular housing tax credit / builder bailout (tax loss carry)
Oh well ...
best wishes
ResistanceIsFeudal wrote:
You are Hu?
pavel.chichikov wrote:
That's been going on for a long time... MLMers in a van down by the river.
"Do Yu know Hu I Am?"
My favorite straight line, from a 1950s Goon show:
Puffed up Blimp: Do you know who I am?
"Why, have you forgotten?"
So let me get this straight.
FHA hires an independent actuary to run some "stress tests" on their portfolio.
FHA does not like what the actuary concludes. (Gee, I wonder why?)
FHA suppresses the report and says, "Do it again".
Have I got that right?
IFE is now running additional tests to ensure that the final report is accurate
Translation: IFE is now fudging the data to achieve an acceptable result.
I know this stuff quite well. I never had the patience for lab work like titrations. Drip, drip drip - no way, not for me. There was really no point. I knew what data they were looking for.
As I went down by the river to prey...
"MLMers" ?
" 98-0. That is why they bundled it all together - the popular unemployment benefit extension with the unpopular housing tax credit / builder bailout (tax loss carry)
Oh well ...
best wishes "
That's a lot of pork to go around. If we could just get some vegan Senators we might have a chance.
"Ford, how many escape capsules are there?"
"None."
"Did you count them?"
"Twice."
Nemo.
You don't sound like you're on board with the extend and pretend team.
Pigged comment- now heading home:
Is anybody comforted by the responses of the high command at the treasury meeting with the bloggers?
I am not, indeed, I am more concerned than ever. It means that they are concerned about the messages coming out of the blogosphere.
I used to joke about my summons to DC, but now I am no longer so jocular, given the desperation this action seems to mirror.
What are the real options for the administration facing much higher resistance to the economic and political program now the crisis has ebbed?
Am I correct that the market did not like the ending of quantitative easing so casually stated in today's FOMC?
If so, that reaction, coupled with the nasty moonshot in gold, seems to indicate that another crisis could be coming upon us.
Further evidence of damage to the marginal consumer is coming in the form of credit card cancellations right before Christmas the biggest consumer event of the year!!!
The gridlock descending on the political process is becoming deadly- they must break the gridlock and move the agenda forward to keep the political momentum from dying.
They also need a massive dollar rally and crashing oil prices. Nothing seems to be working to fix those problems. I am amazed that they have not made some massive changes to the structure of the commodity markets to deter further speculative bubbles.
GS looks out of control- see zerohedge's latest about their profits. If they truly are making the markets move, then they need to be nationalized.
IF we lose the dollar (say a drop in the dollar index to 60, or even dare I suggest it 50!!) the international repercussions will be dire.
If that happens, please don't call me Larry, I will be getting my bankerdome in order, pronto.
Someday this war's gonna end...
pavel - multi-level marketers, better known as pyramid schemes...
CalculatedRisk wrote:
They aren't unpopular with everyone - builders liked it and relitters liked it and I KNOW lobbyists liked it.
pavel.chichikov wrote:
Multi-level-marketers - think Amway.
Thanks, RIF.
UE anecdote - someone I know was talking with a laid off union sheetrocker. Towards the end of his UE comp period, he got nervous so he got a tough warehouse job making about 60% less than his union job, and less even than his monthly UE comp.(I'd have to calculate that to verify if that could be true, but so the story goes.) And then UE benefits got extended. He was crying because he could've made more $$ staying home, but now it was too late.
I know that the UE benefit by itself had a vote tally of 87-13(all R) ; is there a vote tally count for the unpopular housing tax credit by itself? and for builder bailout?
Damn, some interesting color here from an old WSJ article. Prescient stuff. [June 2008!!!!]
Congress and the Countrywide Scandal - WSJ.com
It's not an "audit" if the "audited" party gets to revise the report.
IFE Group
looks like these guys are basically ex-Fannie and Freddie.
so we got ex-Fannie and Freddie geniuses opining on the future expected losses of the FHA?
this just gets more surreal by the day.
As I went down by the river to prey
Studyin without those good ol' ways
And who shall wear the robe and crown, good
Show me the way!
"Congressional Budget Office (CBO) projected that banks will use the program to offload their "highest-risk loans" to the taxpayer, and that a stunning 35% of all of the loans refinanced through Dodd-Frank will eventually default on the FHA. "
As I said before, lending at those kind of default rates is immoral.
Thus, our government is immoral.
Thanks, Dryfly.
BTW, I do a fair amount of local driving, and once again I was struck today by the increasing disregard of many drivers for the law - speeding on local roads, ignoring stop signs and even red lights. It looks like a fair number of people will not obey the law unless they think a policeman is watching. Breakdown of social morale?
ghostfaceinvestah (profile) wrote (in reply to...) on Wed, 11/4/2009 - 7:01 pm
As I said before, lending at those kind of default rates is immoral.
Thus, our government is immoral.
Hu's gonna notice?!
poic wrote:
That's a lot of pork to go around. If we could just get some vegan Senators we might have a chance.
Pork. The other tofu.
"Ford, how many escape capsules are there?"
"None."
"Did you count them?"
"Twice."
Nemo,
The Yes Men Save the World! Thank goodness for Haliburton. I don't know why people are hoarding gold. Imho, "Survival Balls" are the ultimate doomsday purchase. I've got mine.
Welcome to SurvivaBall: Basic Usage Guide
redoing the audit until the FHA numbers is a policy, OK?
amoral is a more accurate description.
~splat
Nemo wrote:
A junior Disaster Area accountant, visiting the shipyard where this
ship was being constructed, had demanded to know of the works
foreman why the hell they were fitting an extremely expensive
teleport into a ship which only had one important journey to make,
and that unmanned. The foreman had explained that the teleport was
available at a ten percent discount and the accountant had explained
that this was immaterial; the foreman had explained that it was the
finest, most powerful and sophisticated teleport that money could
buy and the accountant had explained that the money did not wish to
buy it; the foreman had explained that people would still need to
enter and leave the ship and the accountant had explained that the
ship sported a perfectly serviceable door; the foreman had explained
that the accountant could go and boil his head and the accountant
had explained to the foreman that the thing approaching him rapidly
from his left was a knuckle sandwich. After the explanations had been
concluded, work was discontinued on the teleport which
subsequently passed unnoticed on the invoice as "Sund. explns." at
five times the price.
Who's gonna bail out the Fed? ... oh oh 'yu kno hu'
dryfly, yeah - it is popular with those who receive money from it - but I think it is unpopular with the general public. Amazing how so many Senators were concerned about paying for the unemployment benefit extension - until the tax credit was added
Then it is all cool
best wishes
pavel.chichikov wrote:
Been that way for some time. I could solve this country's problems in one month. Shoot lawbreaking speeders. Would instill the fear of God back into the duplicitous law breaking scum. (I suspect we'd get most of the bankers and politicians in the first few days)
Edit: wire guided anti tank missiles mounted on the cop cars, in case you were wondering how we'd do it exactly.
Um, the realtor lobbyists paid for it, CR.
Looks like they called in the experts. What's the problem?
Well, one of the cars that passed me illegally at speed was from the Consumer Product Safety Commission, license plate CPSC 0001 (Gov.). A Grand Marquis with a surly looking driver staring at me as he passed.
It's touching that some people can still get principal writedowns...
Dallas Four Seasons Goes Delinquent, Strategically - Developments - WSJ
The Four Seasons Resort and Club near Dallas has gone delinquent on its $175 million securitized mortgage after failing to generate enough cash flow to cover its interest costs.
The hotel’s owner, closely held real-estate investor Los Angeles-based BentleyForbes Holdings LLC, last month skipped its interest payment on the mortgage in a bid to compel the loan’s special servicer to negotiate new terms, according to debt-rating company Standard & Poor’s.
“We’re not walking away from the property,” said Stephen Meister, an attorney representing BentleyForbes. “We’re trying to work things out.”
'Delays Fiscal Report'
No surprise...bad news is now outlawed...as in 'V'...
CNBC alert! - Santelli is raising his voice to Steve Liesman...Liesman stays cool...
Pigged last thread...final thought on OT thread...
Re: Perpetual War and military spending...basic PTSD social psychology...
'If the 'terrorist' and 'WMDs' can be put INTO people's hearts, minds, and 'sub-conscious'...the the Occupation Wars of Aggression can be taken anywhere and escalated anytime because 'the enemy' has been placed within the minds of Americans and as a result, 'the enemy' is Everywhere All the Time...
"Well, one of the cars that passed me illegally at speed was from the Consumer Product Safety Commission, license plate CPSC 0001 (Gov.). A Grand Marquis with a surly looking driver staring at me as he passed."
He was just pissed to being going out after hours to make sure all the pork the Senate was serving was safe for consumption.
I still want to know what % of the service industry even qualifies for UE benefits.
What about wait staff at eateries? Hairdressers? Every service person you call to your house in a given time period? Realtors? Independent insurance salespeople? I have a hunch a lot of people ain't getting squat.
Have I mentioned this before?
pavel.chichikov wrote:
Well get him with the secret spy satellites. He's pulling into the lot now. The payload is on the way.
LOL!
Latest Ritholz on the hubris of economics:
Someone should give this guy a Nobel prize. Oh, wait. They did. Twice.
"He was just pissed to being going out after hours to make sure all the pork the Senate was serving was safe for consumption."
I assume 0001 means the boss, but so far as I could tell it was just the driver in the car.
pavel
soon we can see how much pork it cost to get our fine congresscritters to pass it.
sorry hu reads hoocoodanode and cr
BOOOM!!!
Another job well done, and on that note, I'm off to the health club.
"pavel
soon we can see how much pork it cost to get our fine congresscritters to pass it."
gabyjan, I don't have it in me to understand politics.
Outsider, yes ... it is SOP to talk a good game, pass legislation that sounds as though it is helping the needy, and then set the program and define the terms so as to limit actual participation.
Think HAMP, SS, Worker's Comp, SCHIP, etc. etc. etc.
"This new legislation will enable children to get the health-care they need."
"I'm sorry ma'am, but your child is ineligible because you only lived in this county for 3 of the 4 required qualifying periods. And you made $120 bucks last month selling your plasma."
See how that works?
Yup,
for approval and they panned it.
Biggest dog ate my homework in history.
or
I ran it by the
Citizen AllenM wrote:
All they ever had to sell was a line of shit.
Wonder why Denninger and a rep from ZH weren't invited?
See how that works?
That's why I like cash. Who doesn't understand cash? No worrying about if you qualify or don't qualify.
I'm still waiting for Obama to call my number. E-transfer, mail, paypal, I'm not picky.
Nemo wrote:
The only problem with your summary is the word "independent", which cannot be used in conjunction with "hires".
Other than that, it's spot on.
Bloomberg confirmed that the tax credit will apply toward the purchase of an appliance shipping crate, including as to those buyers who have been living in such a crate for at least five years.
IIRC there was a time a few years ago when Freddie Mac had some issues with timely reporting. How'd that turn out?
poic,
Nemo paused to think up some thoughtful and you edged him out with idiocy.
You are the winner!
Now is the time for congress to put on their ruby red slippers and start chanting, "the FHA is solvent" until a hoard of new buyers appears.
That will certainly be more effective than the home buyer tax credit they voted for today!
Shorter version- "Uh, we need to make up numbers that might be believed."
Turned out to be a policy.
IIRC there was a time a few years ago when Freddie Mac had some issues with timely reporting. How'd that turn out?
Rob dawg,
Admittedly, it has turned out very poorly so far. But fear not. Hank Paulson assured us that the taxpayer would make money on our investments in the GSEs.
Anyone remember, "It's not a bail out, it's a buy in!"
gah
I think we need to offer Skilling a pardon and time served for taking over the FHA - we need someone with real experience at the helm here.
I think the biggest problem is that a lot of people don't really understand what actuaries do for a living. So, I looked it up online. And here is what I found.
"Actuaries love what they do. Their work is intellectually challenging and they are very well-paid. Actuaries are key players in the management team of the companies that employ them. In a fast-changing world, with new risks and the need for ever-more creative ways to tackle them, there are constant opportunities for personal and professional growth in an actuarial career, and the pleasure of life-long learning. Most actuaries work in a pleasant environment, alongside other professionals, and enjoy the respect of their peers."
Learn something new every day.
I know it was a joke; but Senators (and House) already approved help for jobless homeowners. It's called HAMP. The TARP panel spent considerable amount of time talking about how to even keep unemployed folks in their homes and paying their mortgages (I believe it was Dimon Silvers?). HAMP is going to be the major TARP program going; will it be a success? Who knows, or even who cares; but we need to bail out the banks.
ghostfacedinvestor is right regarding strategic default. Just buy a home with zero down; pay no rent, stay in it and viola... instant individual bailout. You know the problem with this strategy? Who is going to pick up the tab? Yup, everyone who didn't do that. No matter what the banks will win and get their money back. This is a great scandal, tragedy, reaming or whatever... we shall never forget this.
I'm not sure if any else has noticed, but as part of the CPP the top banks are required to report their lending statistics. For all their faults there will be a boatload of great data that will show the crash of our economy in great, detailed, transparent fashion. The last report I was looking at, every bank had negative m-o-m lending activity. These are reported under the CPP Bank Lending Surveys. Also interesting is the correlation between TALF and market correction in March.
Here is a link to the bank survey.
energyecon,
How about : It's not a bailout it's a "rescue".
Well, since it's now being marketed as something heroic I'm all for it.
who wants to predict a bank failure Thursday event?
Will there be, when will it happen, and will they make it a habit?
Yeah, the amateurish lying makes the government look bad.
rich wrote:
Brought to you by Morty's Actuary School and Degree Mill.
Does anyone know if the 3 Republican amendments made it into the UE bill? Of particular interest to me is the one that creates the TARP board of trustees. Wanna know something funny? The threshold for establishing a trust was set at 10%; currently the US owns 9.9% stake in Chrysler.
False Hopium Accelerator in govt. debt vehicle stuck at 100 mph, 1/4 tank of gas left, mountain road ahead, this story is evolving...stay tuned we will be broadcasting live from the crash site....
creditcriminalslovetarp wrote:
or, you could get stars in your eyes and end up underwater
Well, if enough consumers closed their Citibank accounts and switched to some other bank; it would have to be taken down. The Dutch bank DSB went down because somebody convinced a large group of depositors to withdraw just to give the finger to the bank.
They pretend to delay, we pretend to care.
Fareed Zakaria had two historians on a while back talking about the economy. It was more frightening hearing what the historians said than even the bleakest economist.
rosethorn wrote:
you can always tell a Dutchman, but you can't tell him much.
Someone else can vouch for my perusal of the loan origination data.
Total loan origination was -17% from July-August; this includes morgages, HELOC, US Cards, C&I and CRE. One outlier; Bank of New York Mellon... I don't know why but they had a 101% increase. Wells Fargo, Bank of America, and JP Morgan made up nearly half of the total loan originations from these institutions. All other institutions that extended loan were negative (Hartford Group was at 0% due to negilible loan).
I can't wait for the August-September report!
Actually, research has shown that actuaries die earlier, live more unhappily, and are not respected as much as politicians.
Just say no to fiscal vilence
Well, I can't figure out why ANYONE still has money in C ... aside from sheer laziness. I can understand the stock-pickers playing around with the shares, but why do people still actually BANK there?
I closed my Citi CC. My bank account is with a local CU.
threetorches wrote:
peace of mind
threetorches wrote:
They could be BofA refugees and find that occasional beatings are more tolerable than constant thumbscrews.
Convenient ATM's at 7-11's.
I've had my checking account with C for ages. Don't keep much cash in it, though.
They have a need for an ATM on every block?
AlleyCat wrote:
Funny. Citi closed my CC. (high credit limit, and I'm a deadbeat.)
As a kid back in the late Jurassic we called it the "Jesus Factor". It was that number which when added to, subtracted from, multiplied by or divided into gave you the result you wanted in the first place. That's probably way too incorrect a term nowadays, even for the FHA fudge. What do they call this magic number these days?
I suppose only folks "over the limit" should be worried, aside from the inconvenience of a fail-event.
Please tell me there are no folks "over the limit" anymore. They have only had, what, two years now to move funds?
Hard to say if WFC or BAC fees are worse from a consumer angle
pavel.chichikov wrote:
I think it's been like that lotsa places - in the past - traffic laws were almost 'optional'. Now it is everywhere.
pavel
maybe you are lucky not to have it in you to understand politics. i dont understand that much but the old you vote for this bill and ill vote for yours,seems to be way congressbusiness is done.
we are so very, very screwed
this is so very, very pathetic as commentary on us--that's right, I'm talking to you.
Man Stabbed Self To Keep Job - November 3, 2009
Pretty clear this can't continue and strategic default is on the horizon, timeline is the only question. I'm sticking with tax season and either IOU's or mandatory savings bonds for anyone due a refund. That will garner some attention.
Cascade failure can only be delayed so long by the QE circuit breaker, eventually the continued current will melt the entire box and catch fire.
++++
Thought provoking read.
The Matrix of (Un)Reality « Permanently Indignant
Who let the FHA do 3.5% down loans. That is already an underwater mortgage at closing if they roll closing cost in and the recognize the Realtors commission in the price. What could go wrong? Idiots at our expense again.
Kamajobzi?
...until the tax credit was added
Then it is all cool
Yup - it was like water running down hill.
I'm quite sure you're not a dead beat. I had a high credit limit and I closed mine when I got the infamous 29.99% letter. So, are they really closing CC lines to both those with and without balances? If it's just high credit limits, they could lower the limits.
Lobbyist Ben Dover wrote:
The usual suspects. I hear the property bubble has started again in Australia, so there is no escape from the madness.
Philosophical question: If the FHA doesn't have any money, will it stop issuing loans?
Please?
past figures not comparable due to new accounting methods
It's the new math...
Denninger often argues that you can't deny the math.
I think the FHA would beg to differ.
rich
yeah but what do they do?
Here's their report from last year...
edit: close those html tags!!
Just in case anyone was interested...
My next communication will likely be on the Senate hearing for High Frequency Trading, Dark Pools, Co-Location and other Market Structure issues. The big-takeaway from all the Senators was that "Sponsered Access" was a market risk... there was a Senator who also asked a question related to the Russian who was arrested with GS high frequency trading code...
Qutie a gem in the summary from last year:
- the FY 2008 book of business was projected to contribute an estimated negative $3.643 billion in present value to the economic value of the MMI Fund;
- the capital ratio was estimated to be 3.00 percent as of September 30, 2008, and projected to be 2.90 percent as of September 30, 2015. Based on these estimates, we conclude that the Fund will continue to exceed the NAHA-mandated 2 percent capital ratio in the foreseeable future. However the levels of these capital ratios dropped significantly from those projected in last year’s Review and is estimated to barely exceed 2 percent in FY 2011.
Echos of this years FDICs DIF fund forecasts...
We are in the KABOOM, we just don't know it yet...
Ditto.
volker
well its too late to have a bfw,so why not have bft bff take the week end off then on to bfm,bftu,and bfw.
only thing is congress still investigating ga banks? if it is could ga banks play?
"I think it's been like that lotsa places - in the past - traffic laws were almost 'optional'. Now it is everywhere."
The other day someone swerved around us toward a corner, made a sharp turn, and came within feet of seriously injuring or killing a pedestrian. The rules are there for a reason.
AlleyCat wrote:
No really. The CC companies' name for somebody who pays in full every month is "deadbeat", because they don't make much money off you. (They still get 1-2% from the merchants.)
The funny thing is that I rarely charged much (I'm a cheap deadbeat) so now they're missing out on the 1-2%.
I think it tells you how worried they are about people suddenly charging up a storm just before bankruptcy.
Bank failures every day! I'm drooling.
Was there a pig or something? I didnt't realize it was only trader-banter in the daytime hours.
It's probably politically embarrasing to submit a report showing how bad the tax-credit hurts FHA balance sheet the same time Congress votes to extend the tax credit.
Speed wrote:
no.
Yes, Pavel, but in a world where the "rules" only seem to apply to the little guy, the little guy stages his little revolts wherever he sees a little opportunity.
I am not justifying the bad behavior, but I can identify the impulse.
That's what they do. It says so right there. They work along side other professionals doing actuarial stuff. With the respect of their peers I might add; so if their peers are satisfied with their work, who are you to question it?
" Yes, Pavel, but in a world where the "rules" only seem to apply to the little guy, the little guy stages his little revolts wherever he sees a little opportunity.
I am not justifying the bad behavior, but I can identify the impulse. "
Threetorches, we know that Impulse not a mature way of expressing a sense of injustice. I see that kind of impulsive, aggressive driving as juvenile acting out.
You often see the term actuaries used in reference to life insurance companies where they predict how long people will live.
Extended:
So I get to help other people buy a home with my taxes?
The ponzi game must continue.
3t - The rules don't just "seem" to apply to only the little guy anymore, they are literally and blatantly demonstrated to be graded in levels of privilege. Before the crash, this is the direction our society as a whole was heading -- different levels of wealth entitle one to different levels of privilege and freedom from coercion and laws. Our world doesn't just appear to be breaking down, the social fabric has been eroding for decades. The idea that all folk regardless of race, age, religion, socioeconomic level, caste or profession would be treated equally under the law is a wondrous dream but requires voluntary cooperation by those who are free to work around or ignore the laws as it suits them.
adornosghost wrote:
Just not the kind of difference that we need.
How do these clowns keep getting re-elected?
"Our world doesn't just appear to be breaking down, the social fabric has been eroding for decades. The idea that all folk regardless of race, age, religion, socioeconomic level, caste or profession would be treated equally under the law is a wondrous dream but requires voluntary cooperation by those who are free to work around or ignore the laws as it suits them."
Yes, and inevitably a new social structure will emerge.
"How do these clowns keep getting re-elected? "
Is that a rhetorical question.
Wish Narm was here he could give a good, concise answer.
Thanks, JP. Why would they get rid of "deadbeats" then? It would seem that those that don't charge much or pay off their balances are the least likely to declare bankruptcy. Plus, they could still protect themselves by lowering the limits. Something more evil must be going on? BTW, wow, I consulted at MasterCard a very long time ago and I'm pretty sure they were charging the merchants 2% then. I didn't realize it was still in the same range. Thanks so much.
World class gerrymandered districts.
~splat
Oh, I agree 100%, pavel, but the people are getting pushed and squeezed. They are unhappy, and angry, and disillusioned. Not all of them, to be sure, but enough to mess some things up from time to time. I do not think reckless driving is an appropriate response, but I think it is a predictable response nonetheless.
We are all going to need to be more careful in public, and pay close attention to our surroundings. I don't want to sound paranoid, but troubled times seem to bring a rise in bad behavior, behavior that is often irrational or poorly targeted.
I come not to excuse the bad behavior, but to warn that it will increase.
pavel.chichikov wrote:
Sure they are. Ever drive in Mexico? They have rules too - they just improvise like soccer instead of a set plays like American football.
There were many places here in the US where some of the 'rules' were so loosely enforced as to be interpreted as 'optional'. In the wide open west speeding is one of them... in many big cities double parking is another. Not saying its right just saying it is.
sdtfs
a trouble maker,who works in a pleasant environment,alongside other professional,and i enjoy the respect of my peers
Amazing. Is Dodd for real, or a robot sent from the future as a practical joke? We're intent on creating yet more homedebtor scuba divers just as our banking and legal system begins to get so clogged by the previous wave so as to barely function.
Sad that we have to live through the kinds of events that fuel anti-democratic sentiment. Would a Sacramento-as-Weimar possibly get me a Godwin AND a Dawg-win at the same time?
threetorches wrote:
The sheeple will eventually wake up, and educate themselves enough to take action.
As Lenin stated:
The Capitalist will sell us the rope we will hand them with.
past tense
yeah i know one told me they had it down for 125 years.
i yelled at him , absolutly not!
HollywoodHack wrote:
I go with the robot from the future but it isn't a joke.
Yeah, that's probably a better description. Because from the article, it looks like they run what-if scenarios; like what if Santa Claus lived at the South Pole.
"I come not to excuse the bad behavior, but to warn that it will increase."
Quite possibly, Threetorches. I should say that most of the drivers around here are more than adequately cautious. They know what can happen.
Just this morning a large section of the Beltway was stopped because a van ran off the road into the woods, turned over and burst into flame.
adornosghost wrote:
Will Hang them with.
Hu is on first.
HollywoodHack wrote:
Now if you can figure out a place to put the Gulags it would be a trifecta.
sm_landlord
because idiots keep electing and re electing them!
YLSP wrote:
I do not think they made it into the amended bill
actually, the bases are now empty, just like the govt coffers. Woops take it back, someone walked (away)
think we need to offer Skilling a pardon and time served for taking over the FHA - we need someone with real experience at the helm here.
there's gotta be something there for Fastow, as well. He's a clever little bastard ~
Wonder why Denninger and a rep from ZH weren't invited?
I have been on and off the last couple of days (unusual as I'm a non-recovering CR addict) but has there been any confirmation tha CR was not invited?
Horse's mouth, please?
poic (profile) wrote on Wed, 11/4/2009 - 8:11 pm
"How do these clowns keep getting re-elected? "
Is that a rhetorical question.
Wish Narm was here he could give a good, concise answer.
They understand and submit to the rules of the system that allows them to get elected. They derive great personal advantage in allowing themselves to become commodities processed by that system.
There is confirmation from CR that he WAS invited. He declined. (the correct choice)
the Russian who was arrested with GS high frequency trading code...
So Rasputin's got the grail?
I can already see the movie. Key elements:
Moscow
Julie Christie
London
Julie Christie
New York
Julie Christie
train moving across the frozen plains...
Vladimir vs. the squid
cut
AlleyCat wrote:
There was something fishy about C, of which the U.S. Treasury is the largest owner and nothing gets done there without running it by one of Timmy's people, that they chose to go to 29.99%, when all other issuers were going up 3-4% and increasing monthly minimum payments. It was also fishy that they announced it two days before the House was debating a reform bill and was also debating a bill to speed up the CARD Act. It almost seems like it was a plant by Treasury to force outrage and drive support for BArney's and Carolyn Maloney's bills.
Been to Connecticut lately? In Conn. if you aren't commuting to NYC to 'sell securities' or 'selling houses to those who sell securities' or doing the 'yard work' or pumping the gas or cooking the meals for those who are... then you better move somewhere else because there is NOTHING for you in Conn. unless you are in FIRE in servitude to FIRE.
AlleyCat wrote:
Open credit lines require capital, even if unused.
Yes, I was invited. So was Mish (he called me). Here was the email I received on Oct 19th:
As part of Treasury’s efforts to communicate with the public, we would like to invite you to a conversation with senior Treasury officials on Monday, November 2nd at 2:30 p.m. until 4:30 p.m. I ask that you not publicize this discussion as I want to keep it smallish.
If you’re able to join our discussion, which will include Secretary Geithner, please RSVP to [REMOVED EMAIL ADDRESS] as soon as possible with your full name, date of birth and Social Security number for building clearance. The Treasury Department is located at 1500 Pennsylvania Avenue -- please enter the building on the north side.
Please let me know if you need more information about the discussion.
I do hope you can join us on November 2nd.
Not to flatter you all,but if the WH is so aware of the financial bloggers does it not mean that they or their designees actually read them and by extension, have read you/
Edit, Treasury
It would have been much more classy to send a proper card in the mail to all the bloggers.
It could have had a picture of a roast-beef sandwich on the front and a message on the inside
"Dear XXXXX
Tim, Ben and I would like to personally invite you to a small gathering ...
Sincerely,
Lawrence "hitman" Summers.
HollywoodHack wrote:
Dawg-win's Rule would mean HollywoodHack == FAIL. FAIL is a transitive property that transfers FAIL to every other point you were making plus you personally. It is the ultimate comment FAIL.
.
In sum, FAIL is like NaN. Nothing you can do will change it, and the best you can do is avoid it!
So sad. I watched him last year in the wee hours on the Senate floor berating warrantless wiretapping, torture... He got it all into the congressional record. It was awesome. He spoke for about 1 1/2 hours and I sent money to his presidential campaign. I am so disappointed on his work in finance. He never should have ventured out of his father's path, IMHO.
then you better move somewhere else because there is NOTHING for you in Conn. unless you are in FIRE in servitude to FIRE.
sadly, dryfly, it's little different anywhere else. This is what we have become.
AlleyCat - I have a distinct feeling that genuinely going against the wishes of the folks with the REAL power means that you have a good chance to meet with character assassination and at least the threat to jeopardize your health and that of your family. Very few are foolish enough to toy with the folks that wield that kind of power, and for good reason. Do you think it's accidental that a vast majority of elected representatives are at least middle-aged and have a spouse and children? A trivial understanding is that folks can relate better etc, but consider the leverage that could be applied to a family man in comparison to a bachelor.
smallish.
ummmmmm , like the economy?
"In sum, FAIL is like NaN."
Hopefully we'll still have Indian lunch buffets after the Dollardämmerung - only $2000, what a deal!
Capital is the key driver for banks right now. They can raise capital by selling stock, selling assets, increasing fees or cutting credit. Unused lines of credit have to have capital - why tie up capital on someone you are not making any money off of? When cutting credit cards, the banks will first close inactive accounts, then accounts that do not generate sufficient fees, such as someone who does not charge much and pays it off each month. I travel a bunch but pay off the card each month - I also have a premium card, on which they collect higher interchange from merchants. My issuer, JPMC, has not cut my limit or raised my rates.
RiF, now apply that logic to the Prez.
I hadn't thought of that angle. So why don't they just reduce the deadbeats' credit lines? They don't even have the capital to do that? Is the 2% not worth it? I mean they already have the technology in place to process the transactions.
AlleyCat, they can make more than that 2% on lending to someone else.
UST Invite
Abrasiveness +10
Panache -2
CalculatedRisk wrote:
IT'S A TRAP!
Haha. If they do call backs, I will be happy to attend in your stead. I will buy my own handlebar mustache appliqué, and I'm sure Timmay won't think twice about it.
SO FAR, my buddy JP has not pulled the shenanigans that C or B of A has been pulling.
You may deduce from that who sits in the stronger position, SO FAR.
Shine on, you crazy Dimon.
barfly - Exactly. Add the election funding payola to seal the deal.
More layoffs at Time, Inc. 280 in NYC.
Time Inc., whose revenue decline put a speed bump in Time Warner's third quarter earnings report on Wednesday, will lay off 280 employees, according to a filing with the New York state Department of Labor.
Counting other divisions of Time Inc., including Birmingham, Ala.-based Southern Progress and IPC Media in the U.K., layoffs are expected to top 500.
From Crains NY
I'm sure I went to school with at least one of the poor souls currently serving as info-flunkies at the T.
I wish them the best, recovering from membership in a cult isn't easy.
Terry wrote:
REGULATORY capital is the key driver right now - who cares if its any good as long as the [captured] regulators say its good.
Yep dryfly, you are correct
Comrade Rally Monkey wrote:
No, deadish.
Like the economy.
You don't say... No money down mortgages might be a bad idea? And with the FHA the only game in town. I think I have identified the sucker at the poker table. I can't wait to hear that rationalization, but I guess I will have to. Uncle Sam has a gambling problem.
I get a disproportionate # of calls for Connecticut.
But my desire to freeze to death in expensive housing is low.
It's no wonder that FIRE is hot there.
broward wrote:
Hedge Funds attract hot chicks - does that compensate for four months of slush?
...and the privilege of enjoying the second-worst property taxes in the union.
Though I hear New Haven is charming.
ResistanceIsFeudal -
I was raised by a Canadian father who crossed into this country to become an airborne medic in WWII. I don't understand fear.
I work frequently with actuaries, and often find inappropriate assumptions, errors in process, bad data, and outright mistakes.
Scenario testing often reveals data problems and vulnerabilities which were not apparent in the base model. Scenario testing is also vulnerable to strong selection bias. That is, if someone who wants to make things look especially good or bad gets to the select the scenarios, they can often find ones which sound reasonable and have the kind of result they hoped for.
If the FHA was the one in control of the choice of scenarios, and still couldn't get happy-sounding results, that would be an extremely bad sign. If the actuaries are in charge of picking the scenarios, just about anything is possible. Actuaries often pick some pretty conservative bad scenarios.
It is also entirely possible that there are flaws in the independent actuary's methods or assumptions. The most likely place for this would be actual experience outside of historic bounds. When real estate price movements, the portfolio growth rate, or the default rates move out of historic ranges, certain actuarial methods provide very little help in estimating what will occur next.
If they have the right microeconomic model driving their analysis, they will get reasonable estimates.
AlleyCat wrote:
I do. We "fear" for a reason. Sometimes, it is just "common sense" knocking at the door to get your attention.
The report need more 'Financial Engineering' in order to try and sell bend over once again Americans taxpayers
Hedge Funds attract hot chicks -
who eventually need miles of plastic surgery when their 15minutes of hotness expires.
AlleyCat wrote:
I used to feel the same way, but I am starting to catch a whiff of Mad Max in the distance. I used to think everything was going to work out for the better, but I cant shake the feeling that the current administration has positioned us very poorly. Well, at least the
will make out OK.
Comrade Rally Monkey wrote:
Not sure Broward hangs around longer than 15 minutes.
some investor guy,
Everything you said made sense to me. The only thing I doubt is the quality of the staff at the FHA to question the models. It reads to me as a "Oh crap. You can't go with that. It's a national security issue."
btw, where's the bend over once again Americans taxpayers icon .....is it too pornographic ?
You must not be a "peer".
I bet they're trying to run a scenario where everyone pays or might pay their mortgage because of some 'reasonable" change in the tax code.
Canada hedging NAFTA with the EU.
Plotting the biggest trade deal of the 21st century - Oct. 29, 2009
yagij -
LOL! Now I never said I had common sense!
Comrade Rally Monkey wrote:
Yeah if you play with 'em, remember to leave 'em where their mommas can find them when you are done. Gorgeous women are definitely a lease option in the Game of Life. Anyone willing to buy one--or worse go into debt for one--is not doing their DD.
.
Did you know that married people will seek out other married people for affairs during hard economic times? Mistresses are usually "luxuries" during the good times and avoided during the bad ones.
Actually there are hard money loans available,as a matter of fact I spoke too a man who wanted a 0% down 200% LTV purchase money loan yesterday.He got my name from an acquaintance,and I took the time to talk to him as a courtesy.His sources of income are unconventional,so he wants a NINJA loan...and was upset that he couldn't get what he wanted from a bank.I was unable to help him ( I could have called the paramedics,but didn't) and just told him the max was 60% LTV and wished him well...
AlleyCat - still walking the cats?
The future's about arable land.
We hold a few cards in our hand.
We'll trade grain for oil,
Or we'll let it spoil.
I'm sure GS has it all planned.
Kudos - our bank account also with CU because I have an strong anathema for the
nice, bar, you're channeling Guthrie
Blackhalo wrote:
You will after divorce court starts.
dryfly wrote:
Depends on the time of day and what I'm not doing.
broward wrote:
Nah. Divorces are fun for the whole family! Come on in, and try one out today!
.
Also ask yourself why filing for divorce is usually 2-3x more expensive than getting a marriage license. Things to think about before you tie the knot
AlleyCat wrote:
So I think there is a pattern out there: Many who do declare bankruptcy try to stave it off for a long time (obviously). One way to do that is to play credit card roulette for a while. So even tho I charge just a few % of the credit limit each month, I might decide to go hogwild and leave them holding the bag.
I assume that more than a few people have done this, so they killed off my card. (I have no other debt, I rent, so it's not like they got some flag on imminent financial trouble from me.)
nova wrote:
Umm, at the risk of having someone at the FHA recognize who I am, the lead internal actuary is pretty knowledgeable. I wouldn't be at all surprised if he figured out where the problem(s) were.
The thing you really don't want to have occurring is some politician or PR person with no actuarial background trying to get the outside actuary to change results.
yagij wrote:
2-3X?
Where the hell did you get the 999% discount, Yagij?!
When you get married, you marry the State. Found out the hard way.
Oh and a prime reason why you don't want nonquants telling the independent actuaries what to do is found here, Special Study: Staff Report on Enhancing Disclosure in the Mortgage-Backed Securities Markets
"These exemptions, however, do not mean that the GSEs and issuers of Ginnie Mae MBS are exempt from the antifraud provisions of the federal securities laws. Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5 promulgated thereunder, apply to all issuers of securities, whether or not the offer and sale is registered under the Securities Act.58 The antifraud provisions of the federal securities laws prohibit fraudulent or deceptive practices in the offer and sale of MBS. Specifically, the provisions prohibit any person from making a false or misleading statement of material fact. In making disclosures, issuers also may not omit to state a material fact that is necessary in order to make the statements made not misleading. "
broward wrote:
Hu's getting divorced?
JP wrote:
I can tell you for a fact, many cardholders are playing at that table JP . . .
some investor guy,
I understand. Thanks.
broward wrote:
Not sure I understand the math, but I come from a Divorce Lawyer line. We pass on the sacred knowledge of misery and discomfort through the generations just like a father teaching his son how to throw a curve ball...
Externalized Costs wrote:
LOL - its there now. Except for a few agricultural products the tariffs are so low as to be inconsequential... who needs an 'accord'? So what keeps EU products from swamping the US [like Chinese]... [1] currency exchange rates and [2] labor rate parity. Why doesn't US product swamp EU production if dollar so weak? Well it is making some in roads BUT... Eastern Europe & now China is stealing most of the thunder. China currency exchange rates vs. EU is even weaker that against the dollar both Eastern Europe & Asia have way lower wage rates.
This one is a
...
Terry wrote:
Dare I ask: How do you know for a fact? (ie your day job or personal relations?)
Blackhalo wrote:
Doesn't matter, but Yu is usually the one getting screwed.
Yes, but since the one hour daylight savings time change backwards, the old guy's time clock has moved forward two hours. Go figure. At first I thought it was the new Roomba stress. On second thought maybe it was my annual "Pet O'Ween" party...
JP wrote:
25 years of legal practice in electronic finanical servcies.
Let's just rename it Dawgifornia and trigger two internet filters at one time.
If anyone is interested in Norway there is a good post up about why they raised the interest rate at Euro Watch
Terry wrote:
Robbing Peter to pay Paul no longer works so now they try to rob Paul, Matthew, and Thomas to pay Peter. Basically a small man's version of the trading between Timmah & Bennah
nova wrote:
They better be careful. The market is looking for some poor sap to be the next global currency... I saw some article claiming that it would take years for any true transition, but I have suspicions that it could happen VERY quickly.
Rob Dawg wrote:
Hotel Dawgifornia...
Such a gawdy place...
For such a gawdy face...
I. Can't. Stop. Laughing.
Hu's getting divorced?
Doesn't matter, but Yu is usually the one getting screwed.
Let's just rename it Dawgifornia and trigger two internet filters at one time.
I'm going to have to start buying keyboards by the gross ~
Wow. Interesting thread tonight... and naturally I have not enough time to paw through it all.
@ Terry: Thanks. You will be employed for a long time.
@ CR: I'm amazed that Geithner was involved personally. None of the other accounts listed him. I don't quite know what to make of that.
@ Yagij: lmao, you are also going to be employed for a long time. First as a lawyer then as a shrink.
AlleyCat wrote:
Our goldens didn't get the message - they have been waking me up at 5:00 wanting to be fed.
yagij wrote:
Hey - it pays the college tuition
Blackhalo, He mentions that.
I took my daughter to a diner in Manassass. Think waffle shop but with more guys with their names on their workshirts. Behind it was a trailer park that was probably new in 1950. As we left a cop was rolling thru it slowly. The waitress called me Hon. After we left I explained to her why I didn't want to hear her say "white trash" again.
My wife and daughter call my golden mix "The dumb blond."
JP wrote:
Half of family law is acting like a shrink. Women are usually much more hysterical about divorces than men. They can easily wear you out if you let them. Also, I have seen a husband or two utterly destroyed emotionally. I think castrating them would have been more humane and benevolent that the divorce proceedings. Finally, you hear a line or two that is almost too good to be real, but in almost any other environment, people would be shocked and horrified for what goes as normal conversation in a divorce firm.
.
nova wrote:
We took in a second golden from a rescue group a few years back - her name is KoKo - the kids on the block call her Loco KoKo - she is a handful.
Terry wrote:
For you or the credit roulette players?
yagij wrote:
For me, yes, not sure about the players . . .
Hmmm, so you think they're playing it straight. Man, that's scary in a different way.
JP wrote:
His presence leads me to believe that the meeting would have little substance to it. It would be much more interesting to me to attend a meeting consisting of the career Treasury officials, without the political supervision. Plus, when I hear Timmy speak I get an urge to stick hot skewers in my ears.
But I guess he has some notoriety, in a fatal highway accident, kind of way. It would be kind of cool, 20 years from now, to be able to tell the grandkids asking about the Great Recession, that you were in the room.
nova - Where is Manassass?
Blackhalo wrote:
I have to attend meetings at Treasury for the Bank Secrecy Act Advisory Group - more gets done when the Secretary is not there (be it Hank or Tim)
Toms Diner
nova wrote:
I don't get that part and think I missed a previous part.
.
Is it that she was using the term for lower-middle class blue collar types? You just didn't want her to use any some of pejorative language about any group of people?
....I think I have seen the dumbest thing EVER sold.........The Survivaball! This is the perfect representation of "This is your brain, and this is your brain on drugs".....What a total waste - who would buy it? I bet they're quite spendy! IDIOTS
YouTube - TheSurvivaBall Channel
Terry wrote:
Pointy Haired Boss problem or something more nefarious? Does the Secretary honestly think he runs the place?
Trash has some salvageable value.
She should be cursing them as "green paper" instead.
Black Star Ranch wrote:
SurvivaBall: New Yes Men Prank Focuses On Global Warming (VIDEO)
.
Edited due to redundancy
yagij wrote:
They come in, give a brief speech, thank us for helping and then go on their way. 15 minute meet and greet
Black Star Ranch wrote:
Mine should be here by next Tuesday.
broward wrote:
"Subprime MBS"
I think I have seen the dumbest thing EVER sold.........The Survivaball!
until you don't have one ~
broward wrote:
Greenbacks, to be a new meme?
Reading about trade, defense and influence leads me to a conclusion that the US has become the Lieberman of nations. The EU wants the US to join them in a East vs West alliance while we are beholden to China to fund our deficit. Domestic financial interests dig the mercantilism interests of Asia and investment opportunities available. The EU wants to push the climate change agenda and maintain control over industry around the world while BRIC wants to ascend to power. The US is trying to play the middle and maintain the relationship with China and the EU. Sadly for the EU they became dependent on the US for far too long in trade and protection. Pres Obama is visiting China and other Asian countries Nov 12-19. The course of our future will be chartered during this period. Ramifications of being a debtor nation once again.
PS-Canada siding with the EU is not a nothingburger. Taken in context it has major ramifications. g'night
Anyone listen to the Merkel address to Congress yesterday? Please pick the EU over China came through clearly.
The Takeaway: German Chancellor Merkel to Address Congress
Lackluster EU-U.S. Summit Highlights Lack Of Strategic Depth In Relationship - Radio Free Europe / Radio Liberty © 2009
Asia Times Online :: China News, China Business News, Taiwan and Hong Kong
News and Business.
It's Official: No Climate Bill This Year | Mother Jones
yagij,
Sorry. Posts like this push a few buttons sometimes. I just get this mental images of suits, black women in power clothes, conference rooms, and a Blackberry and plastic ID hanging from everyone. Here they go, deciding shit and talking shit. Meanwhile, just down the road in the far burbs is Toms Diner. I see America in Toms more than I see it in the conference room.
yagij wrote:
Au contraire, Senor Yagij.
MBS still has value because the Feds trade green paper for it!
......I sure want to save MY "trapment"........yummy.......my crap into some kind of "nutritious refunction" tart? - steak? - meal in a bun? pie? Jeeminy......what will they do with my urine?.....that's right, I drink it....or shower in it?....or provide it to others?........Yummy....
Externalized Costs wrote:
not really - only a debtor nation in our own funny money. now owing in gold, euros or yen - that would be truly onerous.
nova wrote:
I do, too, but usually via the hidden security cam.
dryfly wrote in response to HollywoodHack asking whether Sacramento-as-Weimar could get a Godwin AND a Dawg-win at the same time:
Now if you can figure out a place to put the Gulags it would be a trifecta.
Ummm: Bakersfield? Victorville? Fontana?
(Come on you Californians, help me out here, I'm posting from FAAAAR away. You've got to know the most appropriate places.)
HollywoodHack wrote:
How long until Abdul starts asking for payment in the good stuff?
nova wrote:
I see America in Toms, too. Jefferson, Paine, but most of all, I see modern America in this one:
YouTube - Tom Vu, the Legendary Asian Pimp
Let freedom ring!
Blackhalo wrote:
As soon as Abdul has an economy that is more than pumping liquefied ancient dinos out of the ground and peddling financial investment vehicles around the region.
HollywoodHack wrote:
Yu knew Vu?
Hu knew Vu?
.
I know VU!
AlleyCat wrote:
You have not tasted the roast beef then have you?
Externalized Costs wrote:
?????!
HollywoodHack wrote:
I usually do.
Most of the time it's a creditor.
Oh, if anyone knows Amy Calistri - tell her to lose the hat or whatever the hell it is.
The value of Caller ID
otisherz - just a quick poke with this needle, and you won't feel a thing... oh and try the roast beef; it's to die for!
This is true. But the converse is not: "In making disclosures, issues may omit to state a material fact that is unnecessary in order to not make the statements not misleading."
RiF,
Are you suggesting this was a blogger "catch and release" program, wherein they were tagged for tracking?
HollywoodHack wrote:
Classic!
"Okay. You've seen me make a lot of money. You've seen my students who are average people make a lot of money. Isn't it about time for you to go out and make a lot of money?"
*"Today I'm gonna show you how to drive a sports car. First, you need a lot of money!"
Okay. I am so far behind on this thread. I'm new here. What's the deal with roast beef and squid?
TJ and The Bear wrote:
No, a "catch and replace" program using a more compliant replicant.
CR damn lucky he did na show!
TJ - Heavens no, your government loves you and wants only what's best for you. Like a big sky god but down here on earth for us mortals. Our government never engaged in Cointelpro, experiments with powerful mind-altering drugs, trying to develop psychic powers, or Cold War psy-ops either.
CR damn lucky he did na show!
That's just what TImmay wants you to think
AlleyCat wrote:
Check the Glossary... Under "Toys"
AlleyCat wrote:
"Roast Beef" refers to Paul K. going to the White House for dinner. Before he went there, he was more vocal in an opposition of the Administration's actions and afterwards more in support.
.
Squid refers to someone calling GS (Wall Street) a Giant Vampire Squid sucking the vital fluids out of the main street economy (I think)
.
D'oh. What he said ^^
Black Star Ranch wrote:
leftovers
ResistanceIsFeudal wrote:
And our goats are relieved that that isn't the case
yagij wrote:
I thought this wasn't an X-rated show?
see the glossary for squid (it was a rolling stone article)
The glossary entry for roast beef is more obscure: A bunch of economists who had been critical were invited to the white house for off-the-record discussion. Krugman left it off the record, but mentioned roast beef being served.
iirc.
AlleyCat wrote:
Goes well with mayo on whole wheat
yagij wrote:
The Great American Bubble Machine : Rolling Stone
broward wrote:
A reverse FutureWorld, eh?
dept of redundancy dept
Blackhalo wrote:
Who do you think the bullion banks were selling to all these years?
yagij - Very true. It starts at making fainting goats faint, but that's a slippery slope that ends in universal mind control with psychotronic satellites and injected tracking devices, and we all know it.
Life in the trailer park
Can get interesting after dark;
Between the shots and the screams,
After a while it seems
They barely merit remark.
ResistanceIsFeudal wrote:
Do you really know it, or is it what they are telling you to "know" telepathically?
TJ and The Bear wrote:
Makes me think of Susan Dey in "Looker."
Looker (1981)
There's an excellent show airing on PBS this week, American Experience series, that shows the huge contrast between Obama's early months and Roosevelt's. It's about the Civilian Conservation Corps, which Roosevelt created and implemented from scratch in three months and ultimately put more than two million young men to work.
Roosevelt came in and from day one defied the status quo and power establishment with populist action, which he drove through with sheer will and hands-on determination.
That's what Obama promised, but instead he came in with a lot of fancy political speeches and footwork, all designed not to ruffle the status quo and power establishment's feathers. You could say Obama's equivalent of the CCC was Wall Street and bankers, and his equivalent of a dollar a day's pay (CCC wages) was the million dollar bonus.
I guess you could say this is an unfair statement, except for one thing.
Obama chose Geithner, the smokin' stinkin' gun.
If you can watch, you'll enjoy the show. It reminds you what American leaders and workers can do under pressure.
And if you like that one, you can learn more on the current installment of The National Parks: America's Best Idea by Ken Burns, which covers the same era and similar subject.
yagij (profile) wrote (in reply to...) on Wed, 11/4/2009 - 9:52 pm
ResistanceIsFeudal wrote:
and we all know it.
Do you really know it, or is it what they are telling you to "know" telepathically?
I think you're probably right, but if they KNOW that I know, they may just be letting me think they implanted that idea. To, you know, drive me crazy. And you know what? It's working!!
Economic collapse as giant psy-op on the world population?!
ResistanceIsFeudal wrote:
STOP IT!!! I'll be up the rest of the night now.
volker the viking wrote:
How do you know for sure?
yagij wrote:
If they really had control of your mind, you wouldn't be asking the question.
Thank you so much, everyone. The roast beef I get now. I knew about that meeting, I just didn't know that roast beef was served. I'll definitely read the RS article although I read a lot of RS articles. I very well may have read it before and "squid" didn't catch into my jargon. Thanks for the link, Blackhalo.
little
little
let me in...
(no! but have you tried the roast beef?)
YIIIIEEEEAAAAHHHHHHEEEEIIIIIIAAAAAHHHHHHHAAAAIIINNNNEEEE!!!!!!!!!!!
broward wrote:
Not true. The Devil's best trick is convincing the world he doesn't exist
AlleyCat - squid(
) is a great and very packed and multidimensional metaphor...
My quote of the day, from Clusterstock... talking about the FOMC release:
ResistanceIsFeudal wrote:
And sadly, we don't have a Federal sperm whale in sight which makes it even more apt