A Special Message From a Founding Father
Sunday, March 22, 2009 at 7:19 pm
Let the revolution begin!
The Picasso of this blogging game.
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fly is GOD!
FLY
What brand watch do you wear?
“Sucking at the hind tit of a dead cow” - Good stuff!
the fly wears a neon swatch, with the rubber bumper guards.
Does anyone see a problem here:
The current instability in the credit markets could adversely affect our ability to obtain financing or re-financing at favorable rates.
As of December 31, 2008, we had approximately $2.11 billion of mortgage debt, a significant portion of which is subject to balloon payments. We do not expect to have cash flows from operations to make all of these balloon payments. The fixed rate mortgage debt has the following maturation schedule:
2009
$ 18.8 million
2010
334.5 million
2011
301.5 million
2012
168.0 million
Thereafter
1,289.5 million
RuhRoh this could get nasty….
Gapping -
Who is “we?” If the “we” is any entity larger than a modest savings and loan, then I wouldn’t exactly get too concerned about $2 billion in “Dewey Defeats Truman” buttons.
Either a Timex or a Casio?
Awesome vid Fly
When is that toothless slacker going to update the brackets?
Term Limits. That is the key. It seems to be the only way to end this asshattery.
Calculator watch. seiko data 2000 to be eggzact
http://www.pocketcalculatorshow.com/nerdwatch/graphics/seiko-data2000-watch+keyboard.jpg
It’s also anti democratic, Junk Spread as people should have the right to vote in whoever they like.
the problem is and always has been money in politics. Lower the spending down to the bear knuckles at the federal level and you wouldn’t give a shit who is in power.
The United States needs to go back to its roots. It was never intended to be a democracy, it was always a constitutional republic. Big difference.
Holy Crap this is Rush Limbaugh, Sean Hannity, Ann Coulter combined, with a sprinking of Glenn Beck.
Jeez.
punyandy: That we would be HME.
And that is only one of the countless issues they are facing.
J said:
“It’s also anti democratic…” “It was never intended to be a democracy, it was always a constitutional republic.”
You have successfully reinforced my point, my good man.
I should have explained myself a little better, JunkS.
The US was never meant to be run under majoritarian rule. That’s what I should have said.
fly has a mini time machine for a watch.
I got a better idea FuckFace.
Why don’t you take your kids and grandkids and down to the Cheesecake Factory and drop a couple hunjie into the system.
This could have been a great financial site if that fly maggot would go away. The others contributors are great… The fly is just a poser.
Fly, As good as the other guys are, you make coming here a joke with all your stupidity and bootlicker followers.
I am done and gone.
Don’t let the door hit you on the way out. Asshole.
j
What do you think of this plan for all the dog shit assets in the banks? Do you think this plan is what ran the banks up the last few weeks and this is going to be a sell the news? Looks like the futures are up 1%. I
Si vis pacem, para bellum.
I stole this thought from a different site and it kind of makes sense;
“One (there are a few) reason that the market for Big Shitpile securities is “frozen” is that it would have been stupid to sell them at an actual market price when Timmeh’s been promising that one day soon he’ll scoop them up at above market prices.”
Mrkcbill
No, i really don’t think the recent run up was as a result of the plan. Don’t forget that Geithner has been getting shit since he first announced some sort of plan.
I think the banks went up simply correcting the the huge falls.
Look, i think it’s this simple. If the plan looks as though the shit will be taken out of the balance sheets with little cost to them, the banks will revert to book value..the move could be that big.
If the plan doesn’t appear to be that “helpful” then that’s a different kettle of rotten fish.
I tend to think they’re trying as best they can to get these assets out of the balance sheets at little to no cost to the banks and the Fed is on the other side of the ball trying to create a huge monetary expansion.
It could work… however I wouldn’t exactly call it successful as all they’re doing is engineering another crash down the road. There’s no such thing as a free lunch.
The other interesting thing the Fed is doing is that it’s really fucking with the ECB and the BOJ’s heads. They’re basically saying monetize as the weakness in the dollar can only be countered by these two through aggressive monetary easing. Don’t do it and you’re all dead as the strength in the Eruo and the Yen will kill you.
Even the Chinese are fucked and they know it. Where the fuck are they going to go with 1.5 trillion worth of US bonds. They can’t sell this shit as it would fuck them. I think the Chinese will eventually catch on to the idea that the only way they can protect their holding is buying US assets possibly through minority positions in US firms- using their bond holdings as collateral for straight loans. It’s all they can do if they want to prevent the value getting debased and cut in 1/2 over the nest 10 years.
So in other words the Fed is engineering a world wide monetary expansion of mammoth proportions.
The jury is out on whether it will work, but it may and could send asset prices up again over the next few years. Long term the worst place to be in is in cash.
another fun run
kool aid is d lishuus…Plug me back in to the matrix
all this negativity is boring
This is almost as cool as when KTEL records opened a website…and the stock split twice ….frieght trains kill a bitch
Fuck it all……lets go surfing…..the endless summer is coming around the corner….get the sexwax out and gas up the wagon, for the pussies, sun screen will be required.
You out in california, Artist?
a 500 sqft shack in la jolla right off the beach might be had for 200k or less by now. bunson burner included
J-
enjoy your thoughts always, what do you think of Gartman’s assesment that the Aus and NZ dollars are the best currencies for the next few years? Looking at some closed end funds with huge aussie gov’t exposure. e.g. FAX
Charlie:
Here’s the thing about the aussie. If you think world liquidity is going to be ample over the next while.. that the central banks will produce oceans of liquidity… the Aussie will do well as it always does in those circumstances. The converse is also true.
Basically the Aussie is an excellent liquidity marker.
The new zealand dollar to a lesser degree. However the NZ dollar will of course do fantastically as the new PM is a former FX dealer who worked for Bankers Trust and Merrill. He used to be my trading assistant for a little while and I used to send him out to pick up my car from the service center. I taught he all he knows so of course he’ll do fantastically well
True, he used to be my junior.
He was like Fly’s Vincenzo eventually becoming the Prez. LOL.
In short if the banking plan takes off the aussie will be super charged too as the fed and soon the rest of the gang will load the world with money up to our ears.
However never lose sight of the fact that the aussie is a piece of shit currency with huge overseas borrowings and when the world is illiquid there is enormous pressure on the currency.
I guess the devils are still in the details. Who is in first loss position and what will the bids actually come in at. Looks like if private equity can raise 400 Billion or so, it might actually make a dent in the 1.5T toxic assets, but way too many details
http://www.ft.com/cms/s/0/81ca704c-170a-11de-9a72-0000779fd2ac.html
The five new joint venture funds would be able to draw on Fed Talf financing. This is a surprise concession by the
Fed, which has maintained that the Talf was to finance new lending rather than legacy assets. For portfolios of problem loans, the government will use a separate vehicle backed by the FDIC. Banks will offer pools of loans for sale in an auction format. Authorised joint venture partners will bid for these pools. The government will provide the winning bidder with up to four times the equity a private investor puts in. The FDIC will guarantee loans of up to six times equity.
Heh. Very funny video. “Stop being cowards, fellow Americans. Put a teabag in an envelope and call a talk radio show.”
Just the thought of such daring makes me swoon.
The claims that members of Congress don’t pay into Social Security and get 100% salary for life after a single term are bogus.
Give me liberty with the facts, or give me death!
The aussie correlates well with gold and commodities, so if you think those two areas are bullish, then the aussie trade will work very well. However, the flip side, if you feel the US markets are going down, and we have another meltdown like the fall, then most people will run to the safety of the dollar, and drive all the other currencies down, including the aussie.
it doesn’t correlate well to gold at all…… and which commodities exactly?
If Aussie correlated to gold, it would be in the 90’s as gold is pretty much at its highs.
j,
got it from a video from. I thought there was an 80% correlation to gold with the aussie, guess depends on what the greenback’s doing, and if the people run to saftey of the grerenback, they’re running to gold too. sorry.
http://www.learningmarkets.com/index.php/video-will-the-us-bailout-help-the-aud.html
Erkel
No please don’t apologize. It’s okay to make mistakes. Please don’t feel i jumped down your neck as it wasn’t my intention. It’s far better to get things into right in the end.
thanks for coming back.
“Term Limits. That is the key. It seems to be the only way to end this asshattery.”
No we have that in Michigan and all it does is consolidate power in the executive branch. The real solution will be when people actually get involved in government, find out how their reps and senators are voting on the bills before them and then use their heads at the voting booth instead of mindlessly drinking the party kool-aid.
“Shorts blunderbussed, film at eleven. ”
___
JPMorgan Might Lose Dimon to a Geithner Flameout
http://www.bloomberg.com/apps/news?pid=20601039&sid=aVo3AMbZl0Ko&refer=home
I don’t get it? Are libs only impressed by protests with rhyming signs, then?
Mocking the free assembly clause from the Left– c’mon you knew it was coming, people. The last thing they are is consistent.
____
The guy has a few flaws in his speech - do not send mail to Congress - it goes to a warehouse where it is checked for “white powder” and stuff. You have to email or fax.
WTF!!!! no mention about abolishing the federal reserve which is MORE DANGEROUS THAN STANDING ARMIES according to Thomas Jefferson!
This is a B.S> Fucking distraction from the real fucking issue…
Brilliant! I’m sending teabags to legislative branch, judicial branch, executive branch, and “monetary branch” (what the fed has become).
“You have to email or fax.”
How exactly does one email teabags? and how is that effective?
Ha ha ILLEGAL IMMIGRANTS CAUSED THE ECONOMY TO TANK OMG!!!1!!!1!!!11!!!
I’d like to clean public toilets with that ass’s head.
Is there anyone out there who can get a ‘transcript’ version out there?
I tried to send it to friends overseas (soldiers) and they can’t pull up the vid, it is blocked thanks.