Experts agree that free money is the best kind.

U.S. Inflation Muted in February - WSJ.com
Calafia Beach Pundit: Inflation is alive and well

Umm...I'm confused-

To quote mp: THEY AREN'T BANKS
.
mp used the KD Effectz (tm)

Can't the government just book these as unrealized earnings.

Wasn't this the selfsame program Hank Paulson and TurboTax Timmay swore we, the taxpaying public, were going to turn a profit on?

:rolling on floor, holding sides, convulsing with laughter:

CFDIC!

Cinco-X wrote:

U.S. Inflation Muted in February - WSJ.com
Calafia Beach Pundit: Inflation is alive and well
Umm...I'm confused-

As it's only 6.30am PDT, I guess I'll stand in for Rob Dawg:

"Inflation in the things you need, deflation in the things you can't afford."

Mook wrote:

Umm...I'm confused-

As it's only 6.30am PDT, I guess I'll stand in for Rob Dawg:
"Inflation in the things you need, deflation in the things you can't afford."

Damn! Left of the tag again....

black dog wrote:

gaming loan loss provision

Is this money they set aside to cover losses on bad real estate bets?

BTW, this gem from sm_landlord didn't get any love last night but caused me to laugh out loud in the office this morning...

sm_landlord wrote:

Sort of like a BSOD:

A problem has been detected and the economy has been shut down to prevent damage to your banksters. The problem was caused by the following program: "FEDGOV.SYS".

LOAN_FAULT_IN_OVERVALUED_ASSETS

Check to make sure that any new economic paradigms or politicians are properly uninstalled.
If problems continue, disable or remove any newly installed lobbyists or loan programs.

Technical Information: STOP (0xDEADBEEF, 0xDEADBEEF, DEBT_OVERFLOW, 1,000,000,000,000,000,000,000)

Is this money they set aside to cover loses on bad real estate bets?

Yes. CRE and construction loans make up almost half their assets.

William Randolph Hearst is actually a liberal, but he sees a market for right slanted news, and he's in the business to make money. The people that ran his organization would be a better target for your ire....

...it's nothing a little yeast inflection couldn't fix.

energyecon wrote:

Dunno, but the latin may have been given to the emerald isle
Dies Irae - Wikipedia, the free encyclopedia
first hit on "irae"

I've always enjoyed etymology; thanks.....

Juvenal Delinquent wrote:

William Randolph Hearst and Rupert Murdoch are actually a liberals, but they see a market for right slanted news, and they're in the business to make money. The people that ran those organization would be a better target for your ire....

Orwells Fargo bottom line looks 2x+ good.

"When do we finally shut CITI down?"

You've confused CIT with Citibank...two different entities. As mp notes, they ain't banks.

12th Percentile (profile) wrote on Thu, 3/18/2010 - 7:51 am

And I don't care who develops the good cheap solar panels, I'll be buying them.

Flexible photovoltaic laminates for rooftop solar electricity generation
Uni-Solar PVL-136-136 Watt Laminate
These laminates work better than standard cells in that they tolerate clouds, partial shade, etc., and are more physically durable. Developed by Stanford R. Ovshinsky - Wikipedia, the free encyclopedia, the fellow that also developed the Nickel-metal hydride battery among other things. IIRC< they also have lower embodied energy the standard cell.
Full disclosure: I have no monetary stake in the any of this, but I would like to use them in the future....

AP IMPACT: Gov't bank auditors got big bonuses - Yahoo! News

thanks for the great work guys....here's some pudding for your efforts....

"There are three permanent deadbeats on the list: CIT Group (filed bankruptcy and wiped out its $2.3 billion in TARP debt), UCBH Holdings Inc. was seized by the FDIC (TARP lost $298.7 million), and Pacific Coast National Bank was also seized by the FDIC (TARP lost $4.1 million)."

.....yeah! But they sure collected that car wash owner's past due tax arrears of 4-cents (plus penalties and interest) with the impromptu visit by the jackbooted IRS goon-squad!.........

I know this isn't a market board, but this has got to be one of the weakest openings on the market in quite some time. Only 27 million shares traded on the Dow in the first 50 minutes, when usually we've been around 40 million by now.

Not that it matters; there wasn't any good news in today's releases, but the market shrugged off all of them and remains stubbornly green. is officially the king of the hill this week.

Unexpectedly ho-hummmmmmm. Markets will be up. FDIC will close a few small fry banks on Friday. It will snow somewhere. It won't snow somewhere. Congress will continue its massive circle jerk. Sound of fiddles faintly heard in background. Strange glow on horizon, hint of smoke in the air. Rome continues to smolder.

Where are the ing indictments and CONvictions?

Eric wrote:

Nah, since I bought that strangle yesterday, the market will just sit here for six months.

I just went through Shark, and it's the weakest opening since at least January 18th.

We've had a month of quiet. I don't think it extends for another 5.

Interesting article.

Social Immobility: Climbing The Economic Ladder Is Harder In The U.S. Than In Most European Countries

OT:

Syracuse,because they're always underrated.

And Cornell to knock off Temple in 1st round...

(I just happen to be in LV)

Yalt wrote:

I lost track of the number of times I've said "today's the weakest day since 1/14", and the 18th was the second-weakest day in February.

I know, we're broken records. I should stop raising it, but I just find it so odd.

thanks noob i bookmarked it
i think that i like this Chrome

sǝʞıן ƃʍɐp qoɹ

noob goldberg wrote:

but this has got to be one of the weakest openings on the market in quite some time.

GS has slowed down the machines so that they can stockpile energy from the grid without being noticed. They are closet ers.

The prosecutor, who seized assets from the banks equal to their share of the alleged profit, is claiming JPMorgan charged about 45 million euros in commissions that were hidden from the municipality,
...
“The thesis brought forward by the prosecutor was particularly innovative and aggressive,” said Giampiero Biancolella, an attorney specializing in financial crime who isn’t involved in the case. “The indictments prove the allegations are legitimate, though the charges don’t yet prove the banks are guilty.”

One charge was that the banks failed to disclose that they were counterparties to the derivatives they sold to municipalities.

I recall Ben failing to disclose who AIG's counterparties were to Congress, in a different context. Where is our innovative and aggressive prosecutor? It's not Barofsky. It's not Warren. It's not Holder. It's not Cuomo, who just calls you into his office and presumably asks you nicely what you might know about the politicians in his way...

energyecon wrote:

Kinda like me and the Dawg going on about natty gas and oil prices... there are marvels to behold in a wildly dysfunctional 'market'.

SoCal house prices are bifurcating as well. Check out Jim the Realtor's recent videos. SD market is hot, VenCo up 7% yoy, the IE is still crashing.

Rob Dawg wrote:

looking at the report I find my friend Wells Fargo. This is an 800lb gorilla and no one seems to be worried.

Aren't they just going to shave him and dress him in Armani?

thats okay cinco-x wachovia will take care of them.

noob goldberg wrote:

I know, we're broken records.

Yes, but I don't think I'd mentioned the day-before-opex lull before. I'm inclined to ignore the day altogether...maybe watch some hoops this afternoon instead.

¿puǝ ɹǝʌǝu ƃuıddıןɟ ǝɥʇ ןןıʍ

1 currency now -yogi wrote:

¿puǝ ɹǝʌǝu ƃuıddıןɟ ǝɥʇ ןןıʍ

Shame we didn't have it back in the 2005-2008 era

Apparently the two engineers I know that failed to get census jobs despite acing the test have an inside scoop on doing the latest mortgage mods for a bank.

Pay is about the same as the census, and it's second shift (more ) so it will provide lots of free time during the day to job search.

i currency
look at that tower in pisa. now how long as it been doing that.
sorry misread flipping for tipping.
getting used to glasses seems like it takes forever.

noob goldberg wrote:

definitely not that you've ignored the entire day altogether.

It didn't fall on NCAA day before.

Yalt wrote:

It didn't fall on NCAA day before.

Barack-etology: President Obama Goes with Safe Picks for his NCAA Men’s, Women’s Final Fours - Political Punch

Cinco-X wrote:
Barack-etology: President Obama Goes with Safe Picks for his NCAA Men’s, Women’s Final Fours - Political Punch

Glad to see what's truly important Entertaining ourselves to death... all that's missing is the gladiatorial combat, mercenary armies, and the bread dole... oh...