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capitalism prevails

Posted: Tue Jun 09, 2009 12:15 pm
by radbag
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.

capitalism prevails

Posted: Tue Jun 09, 2009 12:36 pm
by MinGator
Guess BHO will have to uncheck that box on his Marxism plan.

capitalism prevails

Posted: Tue Jun 09, 2009 12:58 pm
by TheTodd
good for the banks

capitalism prevails

Posted: Tue Jun 09, 2009 1:08 pm
by radbag
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.

capitalism prevails

Posted: Tue Jun 09, 2009 3:56 pm
by a1bion
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.

capitalism prevails

Posted: Tue Jun 09, 2009 3:59 pm
by a1bion
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.

capitalism prevails

Posted: Tue Jun 09, 2009 5:43 pm
by IHateUGAlyDawgs
whoa...a1 returns.

capitalism prevails

Posted: Tue Jun 09, 2009 7:10 pm
by radbag
i knew that'd get a1 out of the woodworks...welcome home!

capitalism prevails

Posted: Tue Jun 09, 2009 10:51 pm
by MinGator
Wow, an a1 sighting!

Hope you're doing well dood.

capitalism prevails

Posted: Thu Jun 11, 2009 9:02 am
by a1bion
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

capitalism prevails

Posted: Thu Jun 11, 2009 9:40 am
by radbag
unrealized p&l ... let's not get hysterical until they sell em and the p&l is realized shall we.

capitalism prevails

Posted: Thu Jun 11, 2009 10:07 am
by annarborgator
Unrealized maybe...but not without effect, IMO.

capitalism prevails

Posted: Thu Jun 11, 2009 10:15 am
by a1bion
Yeah, and maybe if we clap louder, Tinker Bell will live.

capitalism prevails

Posted: Thu Jun 11, 2009 1:32 pm
by MinGator
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.

capitalism prevails

Posted: Thu Jun 11, 2009 2:16 pm
by annarborgator
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).