Joined Nov 10, 2007
23,460 Blog Posts
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http://www.youtube.com/watch?v=1WqazleR3FE&feature=related
“We have recently highlighted plans to station thousands more U.S. troops inside America for purposes of “domestic security” from September 2011, an expansion of Northcom’s militarization of the country in preparation for potential civil unrest following a total economic collapse or a mass terror attack.”
http://infowars.net/articles/december2008/161208Unrest.htm
fuck..
Today 07:37am
California Gov. Schwarzenegger orders state-wide 10% layoffs effective Feb 1 – LA Times
-240K state workers effected, of which the remaining workers will be required to additionally take 2 un-paid days a month for at least 2-years.
Global Depression…that’s the dumbest fucking article ever!
Does anyone have an opinion on preferred securities? I was looking at a basket of them via PFF.
120 gr JHP? Wimp load.
Anon: Why not buy PFF or PGF (In the tarp) and sell deeeeep
itm calls like the Ape 20’s for $8 (PFF) or the June $10’s (PGF), and catch a nice yield with lower risk…
Today 07:37am
California Gov. Schwarzenegger orders state-wide 10% layoffs effective Feb 1 – LA Times
The state’s retailers thank Arnold for putting the word out before Christmas.
I don’t know what the hell is keeping SRS down, but the longer it stays down, the more the pressure will build. This state budgetary panic will be playing out through almost all of the highly populated states and will be affecting millions of jobs. Many economists have been warning that Federal dollars should be directed to the states so that there isn’t a massive pro-cyclical effect from all the budget cuts. Makes sense (given the craziness of the times), but getting agreement on how to do it will be ugly. In the end, I suppose the states that are hurting would get nearly what they need and a lot of other states would get more than they need.
I’m a CA state employee, but not directly affected by Arnold’s order. However, he can certainly play hardball with the overall Univ. of Ca. budget if the rest of state government takes big cuts and the UC system doesn’t.
Between Prop. 13, a constitutional requirement that budgets be passed by 2/3 of the legislature, and a heap of past Propositions that carve out pieces of the state budget for specific purposes, CA voters have constructed a fiscal disaster and also voted to throw most of the tools needed to fix it into the ocean. Not to mention, they elected a governor who is proving that the tough talk and big grins that win elections are not the skills needed to govern 38 million people.
I think the CA situation is slightly amusing, if tragic, in view of how the Governator came to power in the first place. No worries, it’s fixed.
now this?
-from the Financial Times today (FT):
Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit.
The Fed said on Friday it would offer low-cost three-year funding to any US company investing in securitised consumer loans under the Term Asset-backed Securities Loan Facility (TALF). This includes hedge funds, which have never been able to borrow from the US central bank before, although the Fed may not permit hedge funds to use offshore vehicles to conduct the transactions.
Question…Why would a hedge fund need to borrow money?
Answer…..They are broke!!
Why would a hedge fund halt redemptions?
Maybe because they lost all their investors fucking money!
-from the Financial Times today (FT):
Ponzi schemes will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support nonexistent assets.
The Fed said on Friday it would offer low-cost three-year funding to any US company defrauding investors. The funds would be offered through the Fake Asset Restoration Trust (FART) fund. This includes ponzi schemes, which have never been able to borrow from the US central bank before, although the Fed may not permit ponzi schemes to use offshore vehicles to conduct the transactions.
The fed is bankrupt, they are unloading some toxic assets into an off balance sheet SIV – hedge fund. No worries.
@ j and JakeGint
Good day to you, sirs.
Ottnott: Ha! Good shit.
The Fly is God
Not to mention, they elected a governor who is proving that the tough talk and big grins that win elections are not the skills needed to govern 38 million people.
Yes, a sane, Republican legislature is also necessary.
____
Check this shit out!
Man who set up alternate email for White House dies in plane crash
http://www.boingboing.net/2008/12/20/man-who-set-up-alter.html
Bush Insider Who Planned To Tell All Killed In Plane Crash: Non-Profit Demands Full Federal Investigation
http://tinyurl.com/735j2s
Hey, when the big boys want you dead, you’re dead. I knew this guy, he was younger and in better shape than me:
http://tinyurl.com/8mym74
classic.