Comments on: Financial Overhaul Plan ?

By: constantnormal

constantnormal — Tue, 02 Jun 2009 22:09:36 +0000

I figger the game plan is to utilize all the resources of the banksters and the full power and credit of the USofA gummint to punish the bears and fool the sheeple into believing the recovery is at hand, so that when they do finally let down their guard (just a day or two after the 2008 elections), they will be able to claim that the resulting collapse is *not* the continuation of the Bear Market, but rather a separate and entirely new Bear Market, brought about by the insidious unpatriotic Bears. And at that time they will disallow all forms of shorting and hedging (except for qualified experts (GS, MS, JPM)), as well as the purchase of commodities by other than registered commodities trading firms.

By: Groty

Groty — Tue, 02 Jun 2009 21:13:11 +0000

Per OpenSecrets, 5 of Obama’s top 20 contributors are TARP recipients, and both Biden and Obama voted for the first TARP last fall.

The banks and securites firms presumably bought and paid for Summers by paying him millions of dollars in 2008 to come and breath their air and make a few utterances.

Geithner is a member of both the Bilderberg Group and the Trilateral Commission.

Rattner is allowing Evercore, controlled by extremely well connected Democrat Roger Altman, to suck out $10s of millions of fees associated with the taxpayer funded GM restructuring.

I wouldn’t hold my breath while waiting for substantive reforms.

By: leftback

leftback — Tue, 02 Jun 2009 19:50:10 +0000

GS and Barclays have recouped their losses. That means some investors are back to “even”. Hmm…..
http://www.bloomberg.com/apps/news?pid=20601109&sid=avji6hDU.wJk

By: I-Man

I-Man — Tue, 02 Jun 2009 19:41:38 +0000

Superhero… I wish. :)

Check out “Rule of the Bone”, a good read, and is the inspiration behind “I-Man”…

but I gotta stop making it easy for yall.

By: karen

karen — Tue, 02 Jun 2009 19:10:59 +0000

I-Man, lol, if leftback mentioned me, i missed it.. he’s gotten so cynical i can’t read him : ) still have my dto but am not adding today.. and your going long hasn’t helped me at all.. guess you’ll just have to stay I-Man; it does have that superhero connotation going for it.

By: leftback

leftback — Tue, 02 Jun 2009 18:53:09 +0000

“You are a cynical SOB.”

Insider knowledge. Thank you, I have never been one to drink the Kool-Aid, and after all, this is why we are here.
For most of my life, I have believed almost nothing that I was told that I couldn’t personally verify.

By the way, the entire biotechnology industry was created out of some basic research on the lifestyle of bacteria. When scientists realized what these bugs could do in terms of cutting and splicing DNA a billion $ industry was born. Of course you can be sure that there were some kn*bheads who thought that the research wasn’t “useful”.

By: I-Man

I-Man — Tue, 02 Jun 2009 18:52:52 +0000

I just thought it was funny how LB mentioned you briefly and that you might be lurking… I was beginning to wonder myself as I hadnt seen a karen post all day… and then Boom. There you are. Like magic.

I thought for sure I’d hear something after my Mistress joke in yesterdays thread, or my “Beware the false breakout” post… which I thought FOR SURE would get a retort… but alas. No.

Then I buy some crude just to spite you and nothing. (Just kidding, I just like the trend :) )

Now you wan fi know I-Man’s name… S’pose you can call me “A” if you must… but thats all I and I can say due to professional reasons… If I was just trading and not working for babylon, I’d share of course. But for now I gotta keep it on the low.

So what up with DTO? Its looking pretty mellow today and I like how those candles are tightening up… must say I have been wanting to own some of this but have been petrified by the chart. Hoping to catch a spike on inventory numbers with UCO and then flip into DTO… but I wont get ahead of myself.

By: pmorrisonfl

pmorrisonfl — Tue, 02 Jun 2009 18:44:35 +0000

Even the research at universities is more product-focused than it really ought to be. Of course the products are paper in exchange for defense department grants, but it’s product nonetheless. There is very little truly basic research going on, perhaps partly thanks to an MBA president, perhaps partly thanks to a market-driven ideology. Nothing like the old Bell Labs exists today, much to the loss of humanity.

By: Moss

Moss — Tue, 02 Jun 2009 18:38:35 +0000

@LB

You are a cynical SOB. Love it!.

By: karen

karen — Tue, 02 Jun 2009 18:37:10 +0000

I-Man, why do you say that? Btw, do you have a real name? I have a thing for names…even a first letter would do.. I could make up the rest. You’d get lots of points if your name were Andy or Jack..