Login HereSpecial WATB edition.
- Another exciting day on Wall Street!
- And a market correction of another kind.
- More polling news, here.
- Getting a little desperate down the stretch.
- Another lib journalist in the tank for Obama.
- Rick Davis, liberal.
- What are they afraid of?
- Today, McSame is in OH; Obama in FL; Biden in VA.
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Hillary making a plea to stay in the middle!
G” morning BT
The crying in the ad was too realistic. My cat was very concerned. Me, not so much. I say let Scmidt cry himself to sleep.
More garbage from Rush’s drug addled brain!!
F****** drug addict with a microphone!!
POPPY.BABs AND ALL THE BUSHIES will buy your house
Posted at 4:48 PM ET, 09/22/2008
Carlyle Chief Ready To Go Bargain-Hunting
David Rubenstein, managing director of Washington’s Carlyle Group private-equity giant, said firms such as his would play a big role in eventually buying back from the government those private assets it is poised to bail out.
In an interview moments ago on CNBC, Rubenstein said the coming transaction between the federal government and private buyers will be “one of the largest wealth transfers in the history of the country.”
Rubenstein would not specify which assets Carlyle might buy, but did not rule out the purchase of the risky mortgage-backed securities that launched the current crisis.
So far this year, Rubenstein said Carlyle has invested more money outside the United States than inside, though he expects that to change as he bargain-hunts in the coming sales.
Rubenstein predicted he will be joined by overseas money, seeking good deals in the U.S., including sovereign wealth funds, and “we shouldn’t discourage that,” he said.
– Frank Ahrens
BT how are things looking for Obama in Texas?
The mistress of triangulation is once again taking a firm stance on….. political protection.
But is where is the angel of anwar?
Bing West on Joe talking about “THE BIG WIN”
That strategy has worked so well for her:) If she had gone Left on the war she would have been the nominee.
from automatic earth:
“Nancy, can you get Lloyd on the phone?”
“Lloyd who, sir?”
“Blankfein, the Goldman CEO, of course.”
“Mr. Blankfein? The Treasury here, I have the Secretary on the line for you.”
“Lloyd, Hank here. Just a quick call to let you know we’re on track. I’m pushing through the $700 billion, and they’re all so scared by now they’ll accept it too.”
“But Hank, I see they’re all trying to change it in all kinds of ways”.
“Don’t worry, I asked for all I could think of, but I don’t need every single bit. They’ll give me enough to work our plan.”
“Well, you asked for total immunity, you really think you can get that?”
“Look Lloyd, it doesn’t matter, does it? They’ll give me immunity from the courts, for sure. And then they can have some token grip on what I’ve done, like some review 6 months after the fact. You know, democracy and all that, haha. It’ll be too late by then to turn anything back.”
“If you can pull this one off, Hank, that’s quite a feat. Got to be honest, I didn’t think you could do it.”
“They’re all the same, Lloyd, these people. You just scare the heebees out of them and they do everything you say. Besides, what do they know about securities and swaps? Their only source is our own Goldman people inside Congress. As long as our guys say jump, they jump. Their number 1 is: they want to keep their seats. And our donations.”
“Oh, and before I forget, Lloyd, I also decided to go to the next step of the plan today. I’m going to make you and MS commercial banks.”
“Weren’t we supposed to wait with that one, Hank?”
“Yeah, but time is of the essence. I don’t want more stock losses at the firm. Goldman hasn’t made a penny for too long now, and I’m going to change that. I’m losing too much on my own stock. You’ll get full Fed access, and a zillion in customer deposits you can use to write more paper. It’s brilliant, when you think about it.”
“Sure, but we’ll get all that oversight and stuff.”
“Lloyd, the only ones overseeing you will be me and the boys at the Fed. How bad could that be? Stop worrying, we got it all worked out.”
“Well, if you say so, Hank, but it’s just four more months for you. What happens after that?”
“Don’t worry, four months is enough. And after that, another of our guys takes over. How about you, Lloyd, you might be good at it? What you need to do now is get the boys ready to start taking over all the banks I’m going to let fail. I’ll get Morgan and BoA some as well, of course, we have a free market here. Ha, I kill me sometimes. You’ll need some bright kids for that, Lloyd, it’ll be a lot of money for nothing. And have some token funds at hand to pay for it. You’ll get it all back, of course.”
“I know the plan, Hank, no worries there, I’ll tell everyone to be prepared for something big.”
“I got to go, Lloyd, Bennie boy just walked in, he’s waiting next door to do some more details. I’ll keep you posted.”
“OK. One more thing, Hank, did you see the markets today? The dollar is falling, and so is the Dow, even with all the shorts covering their bee-hinds That’s going to cost us a lot of dough!”
“Lloyd, I don’t care anymore. I got the power now. It’s not going to cost me a dime. I’ll just make it tax-deductible, or ram it through Fannie, or the FDIC, or something. I can do whatever I want. And believe me, I will.”
So Rick Davis was president of the homeowner alliance, I am sure mcShame didn’t know. Vetting does that mean something like taking them for a ride in a corvette.
If a bullfrog had wings. . .
Noooo! Bush is going to talk about the economy! How many times has Bush tanked a market by giving a speech during trading hours?
POPPY.BABs AND ALL THE BUSHIES will buy your house
Posted at 4:48 PM ET, 09/22/2008
Carlyle Chief Ready To Go Bargain-Hunting
David Rubenstein, managing director of Washington’s Carlyle Group private-equity giant, said firms such as his would play a big role in eventually buying back from the government those private assets it is poised to bail out.
In an interview moments ago on CNBC, Rubenstein said the coming transaction between the federal government and private buyers will be “one of the largest wealth transfers in the history of the country.”
You win thats the worse bad news of the day:(
Ack! what time?
the BUSHES cause the MELTDOWN…and then wait in the wings with big bux,to BUY UP all the little peoples RUINED DREAMS….we will NEVER be rid of their greedy influence
Sorry I just turned the tv on I assume its during trading hours Bush is very serious about a strict bedtime.
Does anyone really listen to that buffoon anymore?
No insider trading Bush should not be able to cut his dad a deal or any GOPer!
Close but I think the Chinese tying the bushco debt to talks about Taiwan is pretty bad though not unexpected.
you are looking at PURE EVIL…whee is Jeebus to go to the temple,and THROW OUT THE MONEYCHANGERS
Limbaugh says Obamam has “not one shred of Africa Am,erican blood” because “he’s Arab, he’s from the Arab part of Africa.” First of all, I think blood comes in drops, not shreds. Second of all, he’s from fucking Hawaii. Third, it seems any first generation america has no _______(fill in Irish, Italian, Polish, etc.)-American blood. Third, his dad is from Kenya which has Arabs but is not “Arab”. Fourth, does he look fucking Arab? Fifth, Limbaugh is the biggest walking shitbucket alive.
please dont make me laugh so hard so early in the morning
and he was born in KS. which is not arab.
Don’t you ever get tired of covering up your feelings?
poor shmuck prolly has a syphillitic brain,all those overseas trips…g
Well his idiotcy does scare the market, with good reason the current economic crisis is his and Greenspan’s fault. How many billions or is it trillions in paper profits have disappeared under Bush?
if plunger were here he would blame David Rockefeller for all this EVIL crony capitalism…i wonder who comes up with all theseevil schemes
Only if we can find another Madame Defarge.
EmptyWheel reported that last night. SadlyYes I think takes the Gold for today unless Bush pulls a huge negative trump card out of his hat.
Which I admit is possible as all negative things are possible for the Reverse Kwisatz Haderach
http://en.wikipedia.org/wiki/Kwisatz_Haderach
But I’m on a Snark Mission:)
Hawaii which is sort of an exotic place.
Rush needs to be drug tested.
Senate Banking Committee hearing at 9:30 this morning. Will be carried on CSPAN 3. I think I’ll watch.
Left out that Paulson and Bernanke will testify.
just a quick driveby:
hearing today with bernanke and paulson, as well as Cox (SEC) and Lockhart (FHFA), who will be testifying before the senate banking committee at 9:30am. webstream available on their website and c-span3
wednesday there will be a similar hearing with the house financial services committee.
I sit corrected
and Cox
BINGO!
Edited
I wonder how many Put Options were bought prior to the collapse of the banks? Insider trading is a republican thing. Spit.
Okay, going to work. Have a great day everyone! If you see a Big Corp crying on the sidewalk today, just kick it as you walk by!
To unravel the economic collapse mystery…look into the Bushes.
Left out that Paulson and Bernanke will pile the shit on.
Now its fixed
Hey no hassle the MSM always gets their news after the blogs do and I certainly know how hard it is to try keeping up with the new lake with threads coming right on top of each other.
Never mind all the connected blogs. Still I would rather have more than less information.
perjury!
penury here
IIRC This was EPU’d http://firedoglake.com/2008/09.....nt-1640195
Everyone is hurting now but can you hold on long enough for Obama to get a budget passed? Granted if Obama goes all center Dem or listens to Bobo’s beloved Chicago School we are all doomed.
But there is hope if Obama creates green jobs and tries to rebuild America.
It would be fun to see them cry.
Nancy Pelosi’s husband lost money on AIG.
http://www.opednews.com/maxwri.....nkid=69965
Senator Bernie Sanders has a petition…
http://sanders.senate.gov/peti....._Crisis_f1
Its to much debt we are the lynchpin of the world economy if those Chicago School morons get their way we will take down the rest of the world with us.
We are still the worlds unofficial currency, but that could change if a shock doctrine happens.
We won’t likely come back from this.
I’m trying to put together a stock chart showing performance of the five major investment banking stocks from the time Paulson took over as Treas Sec until now. I’m using Yahoo finance but I can’t get Bear Stearns to show up. I’m using BSC as the symbol. Is that correct? Here’s what I have so far. Isn’t it interesting how Goldman Sachs magically outperformed the sector and the Dow Jones while Paulson has been in office?
Nancy should have read the blogs.
Oops. The chart doesn’t work so well through the link. Reset the first date to 8/1/205 (hit return while still in that box) and then the second date to 8/1/2008 (cut off the final drops of the dead ones to get back on scale).
Bear Stearns is delisted you need to look at newspaper articles on the net. I don’t think google finance has Bear anymore either.
We must get 61 votes in the Senate and hold our majority in the House to get anything passed or, if McPalin is elected, to hold back the money grabbing goopers. We also need the majorities to hold obama’s feet to the fire and get him away from the evil DLC influences.
Yeah No slacking off after election day!
Yeah, but the old performance should still be in the database. Just have to find how to pull it out.
Good Morning Blue Texan and Firedogs -
FYI - Carlyle Group was a very late arrival in the Mortgage Security bubble. They funded a European entity, Carlyle Capital - set up in August 06 and flamed out (as in liquidation)in March 08 - Link below is a good 1 page outline
what caught my eye when reading of this last spring was that they were still buying the CDO/SIV junk as late as July of last year - a puzzlement
WaPo
Jim your chart almost reads as a flatline or no growth for everything if I read it right. I think breaking down the results in words will help. Also I take it that Paulson a wallstreeter has not been real good for wallstreet.
That will wreck lots of Lefty conspiracy theories:)
Although my Bush is such a moron he is hurting his own base, but still the inbred morons support him. theory holds up:)
Try this again. Should the National Debt Cieling be raised to 11.315 Trillion dollars, the Bush (mal)administration will have doubled the national debt at the time he obtained office. All the debt from WWI, WWII, Korea, Vietnam, Grenada, Star Wars, Gulf War I. All that debt has been doubled in just over 7 years. See my comment # 47 above (epu’d from an earlier post). It is the National Debt that holds securely all the gains taken from the economy, the increase in the debt ceiling allows another 700 Billion heist to be accommodated for.
From stock of short answers - Nope
See my 54 to change the dates to the timeframe I’m talking about. When you click my link the time frame resets to just yesterday.
That is weird even with a bailout nobody but the American government should be buying home lone debt until housing prices go up.
If your financial planner does buy the stuff sue him for incompetence or get him committed to Elgin Mental Health Center.
Why buy now at near face value? When a government firesale as Sadly Yes points out is coming?
This is stupid or something is up? Where is Ian?
Limbaugh’s ancestors obviously hailed from the porcine part of Europe. He serves as evidence that some funny things happened during the period when people kept their livestock in the hut during unseasonable weather.
there have NEVER EVER BEEN CROOKS like this in history,even Hitler was a piker compared to these folks
I was referring to the loss in value to the dollar and the stock market too.
But 11 trillion! sorry you showed me to many numbers Calculated Risk was saying yesterday how he/she? thought the national debt would hit only 10 trillion yesterday.
Update: The Ten Trillion Dollar Man!
by CalculatedRisk
Several years ago I predicted that the National Debt would reach $10 trillion by the time President Bush left office. For a short period (thanks to the housing bubble), it looked like the deficit would be less than I projected.
Back in March, with the housing bust starting to hit government revenues, it started looking like the $10 trillion projection had a chance.
http://calculatedrisk.blogspot.....%20deficit
11 trillion plus you topped what Calculated Risk put up yesterday. Are you trying to take the Gold from SadlyYes for worse news of the day?
Maybe our problem is that despite our tinfoil hat conspiracy theories…We are still to Positive?
The bushies learn well from their buddies, Hitler and Ben Laden
Christy’s upstairs
McCain’s Cronies: Gambling Grandma’s 401K For Oversight End-Runs
It is interesting all right. Goldman Sachs is paying the Yoonitary Secretary “deferred compensation”. I do not think the amount of bribes Paulson is receiving has yet been revealed.
It is good to be King. Paulson did not pay taxes on his GS stock sale worth $500 million. Then they turned GS into a “BANK”, so GS gets part of the CASH FOR TRASH. Paulson has a record of falsehoods and he has a increasing conflict of interest. He is a criminal.
Repeal of Glass-Steagall Act…Oct 23,1999…
Dodd, whose state is home to the nation’s largest insurance companies, and Schumer, with ties to Wall Street, have long sought legislation to repeal the Glass-Steagall Act.
Senator Gramm said the measure “is the most important banking legislation in 60 years”.
Clinton “When this potentially historic agreement is finalized, it will strengthen the economy and help consumers, communities and businesses across America”.
http://partners.nytimes.com/li.....gress.html
Dodd and Schumer compromised with Gramm to get the bill passed.
oopsie !
Bloomberg is reporting this morning that McCain Campaign Transition Team designate: William Timmons, Jr . . .was a paid lobbyist for Freddie Mac until this month! taking over $250,000 in fees from the mortgage giant this year alone.
Bloomberg
For something of the same scale you would have to go back to Rome, Crassius, Pompey, and Julius C. would be the equivalent, Stupendous wealth, all involved in subverting the Republic, establishing the imperium. IIRC the history.
Why is BSC doing so well?
yup ,your right,i forgot
It is good to be King. Paulson did not pay taxes on his GS stock sale worth $500 million.
———————-
Keith and Rachel need to hit this HARD
You are correct, as it stands now it is a 10+ Trillion ceiling. It will go to 11.3 Trillion if this scheme goes through. That was the figure I was using in my comments. This is the current debt ceiling plus the 700 Billions. Sorry to misinform you.
Funny how, when Naomi Klein quotes Milton Friedman in a positive way, it all goes silent …
Oh well.
But for a good handle on the current financial situation, this link is worthwhile:
http://www.marketoracle.co.uk/Article6404.html
Reality can be worse than you possibly imagine.
Thanks for the links. The polls site + the Will piece rather promising. Will should have added remarks about mental illness and dementia to his comments about the McC temperament. Instead, just implied!!
The Syrian ‘missle site’ that Israel bombed has passed first nuclear probe.
http://www.jpost.com/servlet/S.....2FShowFull
loving Dodd’s opening statement.
The Appeals Court Orders Defense Department to Release Detainee Abuse Photos.
http://www.aclu.org/safefree/g.....80922.html