bailout: The treasuries "toxic asset plan" a massive taxpayer fraud - 03/21/09 04:32 PM
The details of the Treasuries much anticipated toxic asset plan to "cleanse" the banking system and restore financial stability are now public. My reaction posted on Twitter as I was reading it.
@timu_matt: Reading the Treasuries new toxic asset plan. Everytime I think they can't get more hell bent on destroying … (21 comments)
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bailout: Breaking the silence, thoughts on stimulus - 02/16/09 08:38 PM
So I haven't written a blog post in what pretty much seems forever, after my massive barrage this fall on the bank bailouts and economic issues. Many people are surprised I haven't chimed in on the massive "stimulus" bill that every-bodies been talking about. Part of the reason is I've been … (75 comments)
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bailout: The TRUTH Behind The Credit Market Lockup - 10/15/08 10:47 PM
The truth behind the credit market lockup has nothing to do with liquidity or lack of capital in the system, it is literally about TRUTH itself. Let me list a few examples that illustrate my point.
In March, Bear Stearns' CEO goes on national TV and claims they are well capitalized … (17 comments)
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bailout: More Bailout Details Emerge - Ok, This is Maddening - 10/14/08 01:06 PM
Tonight we found out how the first $250B of the taxpayers $700B bailout of the financial system would get used. According to the bill passed by Congress this money would be used to buy bad assets off of bank balance sheets. Instead it is being used to purchase non dilutive preferred … (55 comments)
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bailout: You Call That a Bailout, THIS is a Bailout - 10/13/08 07:00 PM
Boy, it's Monday and there is already a years worth of news to report on the bailouts, credit markets and the global economy. The central banks the world game out of the G7 meetings with a real fire lit underneith them, some might say desperate and have been enacting financial measures … (15 comments)
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bailout: Credit Market Update For The Week - Bond Market Dislocates - 10/11/08 05:35 PM
Sorry, I didn't get a chance to do updates during the week, things were moving so fast that I barely had the time to keep on top of them myself. Pretty much everybody is fixated on the "crash" in the stock markets with major US indexes plunging about 17% on the … (32 comments)
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bailout: Interesting C-Span Testimony About Bailout Fear Mongering - 10/03/08 12:31 AM
I've been pretty disturbed about the amount of fear mongering being applied to pass the bailout bill. This is some interesting Congressional testimony from Rep. Brad Sherman about the pressure that was applied in private meetings with the US Treasury and the administration.
"Many of us were told in private conversations … (19 comments)
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bailout: Thursday Bailout and Credit Market Comments - 10/02/08 12:16 PM
I haven't given an update in a few days since I've been stuck in meetings all day. Here's where we stand with things, after Congress surprisingly rejected the bailout bill in front on them on Monday, Senate took the lead in reintroducing and yesterday voting for a revised bill.
The bill … (12 comments)
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bailout: Monday Bailout Comments and A Solution - 09/29/08 05:54 PM
I got off my flight down to Los Angeles a few hours ago and was pleased to see that Congress had rejected the bailout bill, woops I mean Financial Stability Act. I would not be surprised though to see it come back from the dead, given the fear today's large stock … (25 comments)
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bailout: Sunday Bailout Update - Pretty Much a Done Deal - 09/28/08 10:48 PM
The last remaining significant resistance in Congress and the Senate has appears to have crumbled tonight and party leaders announced that they believe that the bailout is a done deal with voting in the house starting tomorrow. At 9:00 EST the Treasury department held a conference call with primary dealers to … (24 comments)
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bailout: Someone in Congress is Pissed and Taking a Stand - 09/28/08 02:15 PM
Probably the most vocal and influential critic of the bailout plan being debated this weekend has been Rep. McCotter of Michigan. Great interview/rant...
"Let me put this in the simplistic terms for people like me to understand. Now the Wall-Street crony capitalist have put a 700-pound billion dollar bag of … (14 comments)
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bailout: What do Economists Think of The Proposed Bailout? - 09/28/08 01:57 PM
One of the most troubling aspects of the debate going on through the weekend over the proposed bailout bill is not a single independent economist or financial expert has been brought into testify in front of Congress or The Senate. True, they brought in Warren Buffet to testify the financial system … (11 comments)
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bailout: Failure is Important - 09/27/08 12:00 PM
If you can't guess from my previous dozen posts in the last week, I'm referencing what's going on in our financial system right now and the bailout bill. One of my biggest arguments with much of the government intervention in the past year and in particular the bailout in front of … (18 comments)
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bailout: Some Great Speeches Against the Bailout - 09/26/08 06:59 PM
Peter DeFazio - D-Oregon
Thaddeus McCotter - R-Michigan
"Before I was elected to Congress we used to hear that when faced with a crisis, members of Congress would invariably soil themselves, throw money at the problem and hope that it went away.Unfortunately, in these dysfunctional economic times, … (7 comments)
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bailout: Why I am so Livid About the Bailout - 09/24/08 09:18 PM
Anybody who's read my blog in the last week can probably tell what side of the fence I sit on as far as the bailout bill currently before Congress and the Senate. I'm not just flatly against it, I'm angry and pissed off. Angry, enough that I've probably made at least … (37 comments)
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bailout: Congress/Senate Positions on the Bailout - 09/24/08 01:07 PM
Here's a sample of what I'm hearing about the state of the current $700B bailout proposal. I've been hearing similar things in phone calls I've had with various officers for Congressmen and Senators. I thought I'd pass it along...
Subject: Ed Hill: Washington Update/Passage of Bill This Week Unlikely inHis … (2 comments)
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bailout: Monday Market Recap and Bailout Implications - 09/22/08 10:48 PM
I was trying to write a post about the what todays markets (stocks,bonds,commodities) are saying about the proposed $700B bailout and the implications. Alas, sleep deprivation is starting to get to me, and writing coherent sentances just isn't working right now. After not sleeping a whole lot the past four days … (11 comments)
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bailout: Credit Crisis - So What is the Solution? - 09/22/08 01:39 PM
I've spent a lot of posting time on my blog lately talking about the problems in the credit markets and in particular the mistakes being made in desperately trying to come up with a "solution" I'm 100% convince the actions taken by the Federal Reserve, US Treasury and Congress over the … (11 comments)
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bailout: Sunday Night Bailout News - 09/21/08 09:59 PM
Sitting at my gate waiting for my flight back from the Blog World conference in Vegas to board. In true Vegas fashion I'm currently operating on about 4 hours of sleep in the last two days. The Treasury, Federal Reserve, Congressmen and Senators have been meeting throughout the weekend on the … (16 comments)
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