iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,316 Blog Posts

Emergency Message From Your Government

Keep buying the banks, or we’ll kill you.

Hank Paulson, U.S. Government Bank Bailout Department, Goldman Sachs

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16 comments

  1. Kiwin

    According to this Congressional dude Bernanke is a “superstar”.

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  2. BanD

    Yeah, that guy had half his tongue up Ben’s ass. “Welcome, always a pleasure to see you Mr. B”

    Fuckin’ softball game.

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  3. Helicopter Ben

    The Federal Reserve and other government agencies have learned a great deal about managing economic affairs since the Great Depression, Federal Reserve Chairman Ben Bernanke said Wednesday. “Financial instability, which was not addressed by government…was a major contributor both to the depression in the U.S. and abroad. I believe the difference today is that we will address financial issues and try to maintain the integrity of our financial system,” Bernanke said. “We will not let prices fall at 10% a year,” he said.

    Game Over.

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  4. CubsRock

    Heli Ben, how many bullets do you have left? It’s all you as Congress seems clueless.

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  5. Helicopter Ben

    Congress? LOL. Listen to those bitches whining for more gov’t intervention via the Invisible Hand of God (that’d be me).

    I just told the world that I’m gonna manipulate the market, and not only is there nothing that anyone can do about it….everyone WGAS wants me to keep pulling the strings…as long as they get their cut.

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  6. JakeGint

    Ben —

    The “real” Ben was talking about deflation — ie, consumer prices, not the stock market. During the Great Depression, we had massive deflation.

    If you’re going to imitate the asshat, you might want to contemplate a trip down to your local community college for a quick Econ 101 refresher first.

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  7. JakeGint

    Fly —

    Can you please run the Paulson/Lex Luthor pic up next to the “worshipped golden bull” oldie but goodie?

    I wish to see which has more “cosmic ray” emissions.

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  8. Helicopter Ben

    JG…you missed the point. What I was saying is that there is no way that I’m going to let anything bad happen, no matter how much govt intervention is necessary. None of the big financials will go under. Prices will be range-bound. And I’ll swap out whatever crap the market brings to me for shiny, sticky Federal Reserve Notes.

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  9. JakeGint

    BTW– Just got more Skiffles here at $100.21.

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  10. JakeGint

    Ben — I assume you are being serious here, and if not, my apologies.

    He said he wasn’t going to allow deflation in prices, if he could help it. That means we’re headed for “Japan 1989” if both he and the Dems get their way.

    You see, Japan didn’t let the market reset either, when their banks failed. And in addition, rather than go to a tax cutting strategy that would’ve incented equity investment, the MOF decided instead to go the “large gummint project” route which involved a lot of “new jobs” (and massive gov’t patronage and waste).

    This is exactly what the House and Senate Dems are proposing right now (as well as Hill and the Obamessiah).

    Japan has been in perpetual recession/deflation for going on 20 years now.

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  11. calvino

    MInute Maid – I am willing to admit that I was wrong. Very soon the Sands will be filled with thousands of highly paid union boys from detroit and the cellulite biz, as well as pensioneers drawing double from Social Security and their 20 years in. I was stupid to short the Sands and I will cover my sale as an apology. Lets you and me catch a flight and watch old Blue Eyes and Sammy tonite to drown out some of the sorrow, ok? Also the China boys are going to fill that three billion Macau investment with their huge windfall from last years gains. I hope they sold in October and saved their money for Sands.

    and to those of you who missed it.. here’s the cows getting ready to go shopping at the NYSE.

    http://www.youtube.com/watch?v=kujWSIFoe94

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  12. larry

    Alias: BPOE

    I don’t like watching the FED. What the fuck! He can’t admit to inside information. The FED is ok. It is the ass hole questions the FED gets. Kennedy should be sent to an old folks home. He has returned to the 6th grade level. The rest looked like they were running for election. These people think they can control the future. We should make them trade to stay in a job. Do they have people to wipe their asses?

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  13. WallStreetLurker
    WallStreetLurker

    Calvino:

    How old are you, and in what state (or country) did you secondary schooling/college? Your choice of wording is so unique. Just curious.

    And lest you misinterpret the aforementioned questions/statement, I meant it as a compliment.

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  14. JakeGint

    Calvin… who is Minute Maid?

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  15. larry

    Alias: BPOE

    My eyes went crossed reading Calvin. Is Minute Maid a joint?

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  16. Employee8

    Market Maker?

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