capitalism prevails

radbag · Post by **radbag** » Tue Jun 09, 2009 12:15 pm

and the banks are paying the gov't back and giving the administration a big middle finger in the process.

message delivered as a result : i'll thank you for your help but will tell you to go fuck off if by helping me, you feel the need to run my business.

MinGator · Post by **MinGator** » Tue Jun 09, 2009 12:36 pm

Guess BHO will have to uncheck that box on his Marxism plan.

TheTodd · Post by **TheTodd** » Tue Jun 09, 2009 12:58 pm

good for the banks

radbag · Post by **radbag** » Tue Jun 09, 2009 1:08 pm

capitalism prevails because there's still many, many banks out there that still need the help and still need to adhere to the gov't rules and regulations so long as they still have gov't money....capitalism prevails because those banks will suffer as the market will deem them to be too weak to operate, not credit worthy, and will ultimately die.

a1bion · Post by **a1bion** » Tue Jun 09, 2009 3:56 pm

I would take this thread more seriously if JP Morgan and Goldman also announced that they no longer needed to be backstopped on their deals with Bear Stearns and AIG respectively.

a1bion · Post by **a1bion** » Tue Jun 09, 2009 3:59 pm

Adding, I think this just proves that TARP was a massive scam by Hank Paulson to cover up the fact that Citi was about to go down the toilet last September when he demanded the money for it.

IHateUGAlyDawgs · Post by **IHateUGAlyDawgs** » Tue Jun 09, 2009 5:43 pm

whoa...a1 returns.

radbag · Post by **radbag** » Tue Jun 09, 2009 7:10 pm

i knew that'd get a1 out of the woodworks...welcome home!

MinGator · Post by **MinGator** » Tue Jun 09, 2009 10:51 pm

Wow, an a1 sighting!

Hope you're doing well dood.

a1bion · Post by **a1bion** » Thu Jun 11, 2009 9:02 am

Meanwhile, consider the wreckage still smoldering in the wake of the government having to come in and bail out these welfare queens. Heckuva job, Masters of the Universe!

The Federal Reserve lost $5.25 billion in the first quarter on the securities it acquired with last year's bailouts of Bear Stearns and insurer American International Group, according to a report issued Wednesday.

The loss on the holdings, which include mortgage-backed securities, reflected a decline in their value as the recession carried over into the first three months of this year. The cumulative loss on the Bear and AIG holdings come to $16.46 billion since they were taken over last year.

The Fed is hoping that if it holds onto the securities long enough, they will eventually rise in value once the economy returns to full health again, the housing market heals and the financial and credit crises are past.

http://www.cnbc.com//id/31206992

radbag · Post by **radbag** » Thu Jun 11, 2009 9:40 am

unrealized p&l ... let's not get hysterical until they sell em and the p&l is realized shall we.

annarborgator · Post by **annarborgator** » Thu Jun 11, 2009 10:07 am

Unrealized maybe...but not without effect, IMO.

a1bion · Post by **a1bion** » Thu Jun 11, 2009 10:15 am

Yeah, and maybe if we clap louder, Tinker Bell will live.

MinGator · Post by **MinGator** » Thu Jun 11, 2009 1:32 pm

The Fed is hoping that if it holds onto the securities long enough, they will eventually rise in value once the economy returns to full health again, the housing market heals and the financial and credit crises are past.

That's what we're going on? Hope? In addition to hoping for a healthy economy, healed housing market and financial/credit crises to pass, I'm going to hope for a new car, new golf clubs, my mortgage to be paid off, world peace, a perfect ozone layer, never ending oil supply here in the US, hmmm I'm sure I forgot something. I mean why stop at hoping for only a perfect economic scenario. Hope, HA, these folks really are that stupid.

annarborgator · Post by **annarborgator** » Thu Jun 11, 2009 2:16 pm

Yeah, and maybe if we clap louder, Tinker Bell will live.

a1...just in case you haven't seen it, you HAVE to check out the stickied "Chameleon of the sea" thread in tsifu when you get a chance (not from work).