Comments on: IMF: 50% of Bank Losses Still Hidden

By: kfunck1

kfunck1 — Wed, 25 Nov 2009 21:02:59 +0000

Probably true, but it’s still not due to the FASB changes, its due to reserve accounting. FSP 157-4 is the biggest red herring I’ve ever seen. THEY. DID. NOT. CHANGE. ANYTHING.

By: Market Talk » Blog Archive » Rules? Who Needs Rules?

Market Talk » Blog Archive » Rules? Who Needs Rules? — Wed, 25 Nov 2009 20:28:56 +0000

[...] (Hat tip to Barry Ritholtz over at The Big Picture.) [...]

By: flipspiceland

flipspiceland — Wed, 25 Nov 2009 16:41:30 +0000

I know why the people, particularly older people prefer to be lied to: They could die before they ever have to confront the lies they have told themselves and the ones they believe others have told them.

Ignorance, on a short enough time line, is bliss.

By: torrie-amos

torrie-amos — Wed, 25 Nov 2009 16:01:36 +0000

Duh, there’s a reason why banks hold a trillion bucks and won’t lend, the piper has to be paid, and ben helped them raise the cash thru low rates, alt a foreclosures coming to a court house near you, that is what the money is for, ben can only save em once in public, and in private once, ie, the rates, rocky 2010 ahead

By: CNBC Sucks

CNBC Sucks — Wed, 25 Nov 2009 15:44:56 +0000

Ritholtz, I get your speed on this, but unfortunately, nobody but your learned peeps want to hear about hidden bank losses, what these booby traps might mean for the economy, and what the general lack of transparency in all of our financial institutions — right up to the Fed and Treasury — might mean fundamentally for the future of all Americans. You can testify before Congress, and they won’t want to hear about it. You can take your case to the American people ( http://www.peopleofwalmart.com/ ), and they will only scratch their heads. That is the fundamental problem with the “democratic” form of government.

I propose a radical new political, economic, and social order where only the financial elites who truly understand what is going on are put in charge of the country.

Oh wait… ;)

By: Wes Schott

Wes Schott — Wed, 25 Nov 2009 15:44:48 +0000

@ahab-

yep, that was me…via my bud charlie…

Hu Jintao “kiss me”

BO “err, excuse me”

Hu Jintao “kiss me”

BO “i don’t understand”

Hu Jintao “i’m used to being kissed when someone do sex to me”

By: kmckellop

kmckellop — Wed, 25 Nov 2009 15:35:03 +0000

Double Dog Dare Ya- Duh
Nothing in the credit markets have changed since a year ago except that the illusion that a few trillion $”s will correct global deflation of epic proportions…Looks like Japan will be our new market leader..

By: Mannwich

Mannwich — Wed, 25 Nov 2009 15:15:14 +0000

How is this surprising? Wasn’t that the intent of suspending mark to market? Extend and pretend ad infininitum? Well, at least until the bankers can loot the entire country for as much as possible before it all falls apart, anyway.

By: call me ahab

call me ahab — Wed, 25 Nov 2009 15:13:51 +0000

wes- my man-

was it you that turned me on to that SNL clip the other day? pretty much summed up how how foolish this country must look discussing trillion $$$ programs while we are hemorrhaging trillions at the same time-

as the Chinese President said- he would like to go to a dinner and a movie before the US “do sex to him”- it’s the least we could do

By: Wes Schott

Wes Schott — Wed, 25 Nov 2009 15:04:03 +0000

double duh-

mark-to-market was suspended around the time of the “devil’s bottom” (March) and the start of QE

TBTF hording cash, speculating = 60% rebound in the market

…….extend and pretend

the USD is now backed by mortgages that are worth a fraction of their face value…any wonder why the USD is tanking?

Strauss-Khan stating the obvious, but why? where is this going? what is the IMF setting up?