Also you could take one more step. If you put up $25, Geithner brings another $25 & the FDIC provides $300, bringing the value of the lottery to $350, when it really costs $50. Then one of your competitors does the same for a lottery that you own. In the end, your competitor & you exchange lotteries & $25, Geithner pays each $25 (for 50% of the profits if the $50 lottery is sold for more than , and the FDIC lends each $300 cheaply with two lotteries worth $100 in total as collateral. Great deal for the taxpayer!!! No wonder Geithner will only allow asset managers he approves in this party…

PimRock puts in $3.57, the taxpayer funds the US Treasury $3.57 (unauthorized by Congress) = $7.14 and the taxpayer-funded FDIC is then permitted to loan PimRock $42.84. Hmmm, I did not know the FDIC was chartered to create credit and extend loans. I thought they were in the insurance business, insuring deposits, not making loans, but maybe my understanding is a bit whack or a bit out of date under the new Geithner driven Obama regime. Some enlightenment from those who know whether this scheme was legal before the Geithner’s scheme or not. And if not, wouldn’t the US treasury need congressional approval under the badly trampled and abused US constitution?

In any event, PimRock’s downpayment of $3.57, with the FDIC leverage thrown in allows provides PimRock with 13:1 or 14.1 leverage. Now we all know PimRock gets special treatment from the gubmint, so I doubt the gubmint is going to require a debt-to-income ratio of 38% to determine their creditworthiness in order to service this taxpayer funded loan from the FDIC.

The 4 big banks now have clean balance sheets and can resume lending their virtually free money for new loans to consumers, corporations and those sweet, sweet credit cards with 30% interest & penalties.

Meanwhile the Federal government & FDIC are many trillions underwater for deficits, bailouts and proud ownership of toxic assets. The only solution is hyperinflation to render these debts to meaninglessness. The FDIC would, of course, have to thread the needle and unload these toxic assets before these million dollar homes collapse back when mortgage interest rates explode in response to hyperinflation.

Haven’t investors been doing this for years? By their own choice? Were they suckers?

see: http://quantwolf.com/doc/cointoss/cointoss.html

or

http://www.accd.edu/sac/math/faculty/gbusald/Project/student1.htm

if you have further Q’s, ask the kids

re: Cattle, I hear you.

a friend of mine is keeping a few head for me, West of you, North of Navasota.

like these http://www.simmental.org/ + http://www.int-brangus.org/

cross-breds..

btw, are you keeping TAMU apprised of your Herd? I’m under the impression that their Registry aids in Higher auction/servicing prices..

Sorry, we in TV land only get 105 seconds per story. Anything more and we lose track of what they were talking about. Shrink this article down to a sound byte and maybe people will care as much as about AIG bonuses.