Nada un centavo mas para esos chingaderos

verdad

And in English that means…?

The link is not working. Here’s the NYT link:

http://dealbook.blogs.nytimes……illion/?hp

Not a cent more for these fuckers.

“not one cent more for those . . . “

European banks may be too big to rescue. Probably not by European govts, anyhow.

Off topic:

If you have the NASA channel, they’re getting ready to air the night launch tonight at @ 7:34pm EST. Kind of cool.

We only got 35% of our own money!

wrong.

goldman sachs is no more “us” than deutsche bank.

this is not about american banks or foreign banks. this is about an elite who are expecting the rest of us – ordinary people everywhere – pay the price for their fuck ups.

Looks like we (the US Taxpayer) are paying the Europeans (and probably others) for having funded our mis-adventures in Iraq and Afghanistan.

Through AIG

There’s a NASA channel? I never knew that

which banks are you referring to?

Actually, it’s at 7:43pm EST. Darn dyslexia. ;-)

Not sure how much Europe contributed to U.S. wars, except for U.K. However, it does look like U.S. taxpayer is bailee of last resort for everyone. Or China, if you peel back another layer to see who is buying U.S. govt debt.

Man, what does it take to get this nation to break out the rakes, pitchforks and torches?

Selise, You scared me. Whren i saw the first line of your comment I thought I did my math wrong.

Chuckling

It was a lot funnier in non-English.

Whatever the ones that Johnson (MIT guy, did I get that right?) referred to in his testimony. He wasn’t specific but I expect he means big banks domiciled in U.K., France, Germany, probably UBS and CS.

Which makes me wonder about the rumbling from China the other day about how we are managing our economic crisis.

I have it on my DirecTV. I don’t think I had it when I had Time Warner years ago. It’s kind of a cool station. Sometimes you get to watch the astronauts doing their daily routines in the Space Station. Brushing their teeth is hysterical.

It makes me so angry that these banks are bailing out their European clients rather than American interests.

If you go look at the nifty charts. you will see the names of the REALLY BIG European banks

I am amazed the government didn’t just create a fund which the banks could use for specific purposes and nothing else, for instance making loans

it is AMAZING we gave money to the very people who stole it in the first place, AMAZING

president obama needs to hold ground, NO BONUSES for the people that brought our economy to what resembles a wasteland

do they NOT understand our dollar will be WORTHLESS if they keep this up and their “bonuses” will hardly buy them a bottle of water?

are any actual … like ….. american PEOPLE getting any help? normal, regular people?

Oh Lordy can you imagine the spinning when the wingnuts get in front of the TeeVees this week, fer-iners got our money……France no less….. OMG….. maybe those socialist Swedes or Danes……. anyone up for Freedom frys again?

Getting? They’re the ones paying for it!

As Jon Stewart noted the other night, these banks are leveraging their risks on the back of American’s pension funds and they don’t care about us at all.

And the bonus money is $450 million according to TPM/Josh Marshall today, not the lowball numbers AIG flouted just yesterday.

So we are paying AIG managers a huge bonus for keeping the EU banking system solvent at the US Taxpayers expense?

If President Obama had come to the citizens and called this a new Marshall Plan to keep our allies from sinking, he would have stood a reasonable chance of convincing us. Going about it this Paulson-Geithner-Summers way is absolutely wrongheaded.

Perhaps sabre rattling to show that they are entering the heady realm of powerful countries. Ditto run-in with U.S. navy a couple of days ago. (How’d the U.S. prez feel if a Chinese naval ship came close to U.S. coast?)

China doesn’t have any choice but to buy U.S. govt debt. TINA (there is no alternative, h/t Margaret Thatcher), as long as China runs a large balance of payments surplus in international trade.

Betsy,, this post is only dealing with money given by the gov’t to AIG. It shows who AIG paid it to. But not even all of that.

It does not show any money AIG would have paid to an individual insurance client. This is showing where the big institutional payments went

And don’t forget that “U.S.” banks are now comfortable lending for big pharma mergers.

Space Shuttle launch now!

just objecting to your categories. *g*

serious objection though. i’m sure the banksters at goldman sachs would very much like us to be distracted by the the banksters at deutsche bank.

So cool, huh Eureka! Wow! It never gets boring.

That big pharma merger has been a big discussion on the cancer research discussion boards as they think it will really screw up some of the ongoing clinical trials for orphan cancers (mine is one).

Criminal trials for financial crimes. Jail.

Enjoy.

I just said the same thing… never grows old. Beautiful lighting and a beautiful launch tonight.

Sorry for the OT lhp.

We only got 35% of our own money!

WTF why?

i’m pretty sure simon johnson was specific, i just don’t remember which ones he mentioned (sorry to lazy right now to look it up). his criteria though, iirc, was %gdp, so i think he was saying that some of them could NOT be rescued by their gov. (yes, he’s the mit, ex-imf, baselinescenerio.com blog guy).

course we don’t really know if any of our banks are too big to rescue as we don’t even know the magnitude of their liabilities.

While Glenn Beck & Santelli’s freaks are sending tea bags to President Obama, maybe we liberals should be sending tea bags to Wall Street? Sounds good to me.

Taiwan that confrontation with our navy ships the buying of our debt the implict threat that they might stop buying our debt Taiwan.

Why? Isn’t that the $64,000 question?

er, um, that didn’t come out quite right….

LOL. Yep, surely don’t know who is & isn’t too big to rescue. I remember hearing him say some European banks might be in the testimony I listened to but he didn’t specify which ones. I missed the beginning, so perhaps he was more specific then.

Just add 6 or 7 decimal places:)

The counterparties bought the CDS (insurance) against the failures of X, Y, & Z… and they failed. I’d like to know what are X,Y, & Z etc… that these banks bought the swaps on?

for china, brad setser is the go to guy: China has more to worry about than its Treasury holdings

You’ve gotta be fucking kidding me.

Do you run a housecleaning business in Maine? (Seems I remember your referring to it recently, but forgive me if I got it wrong.) If so, have you read Nickled & Dimed by Barbara Ehrenreich? She’s got a chapter about working as a house cleaner in Maine.

Looking at the chart in post….How dare these people call 4.1 billion of our money “other“. And the rest looks like little payoffs which could never really fix a problem of this scale.

Not likely but Germany will have to step in and save the EU if they care and they do. They will never forget their history unlike the US.
jo6pac

707

We do know that Us and the GOP will be on Obama about this, I expect Obama to point out how much Bush gave to deflect GOP criticism. I do not expect the MSM to mention our arguments except maybe to say the Blogs are angry.
Will we get more stonewalling, excuses or a partial explanation tomorrow?
I think this news is to big to ignore a smart PR team would have a plan for tomorrow.

Wow, just came back inside. We watched the launch on my laptop and then ran out to the back pasture. The contrail was lit up orange in the sunset (although we were looking east). The shuttle was extremely bright against the dusky sky and we even saw the first stage rocket separate! Right now the plan is to land on a Saturday, so we may make it a trip to the beach to catch the huge sonic boom on re-entry.

Real good question

This is transparency? $4.1 billion = “other”? These people are below scum. I can’t even come up with a description.

A different look at the Stimulus Math.

if it’s not going to the states or worker’s pension funds, i don’t think it’s going to “us”

i don’t think the states and goldman sachs should be in the same category.

banksters are not us.

I thought Bush broke my outrage meter.

Was there something special about tonight’s launch?

And how much of the US Banks will be using that money stateside?
Where is the accounting on where this money is going……

as bad as the aig story is…. what does geithner have up his sleeve for this week?

that is why im so dissapointed in

p
b

that is why im so dissapointed in PBO

o

He has the deer in the headlight look from New Rules Bill Mahar….

breeaking Pelosi and Reid and Feingold…say NO BONUSES

I just happened to put it on my calendar earlier this week when I realized it was scheduled for dusk when we would be able to see it well from our house. Otherwise, I think the only special thing is that it is the first launch in the new era when science is actually respected again. I did notice CNN covered it live on their site, too.

the argument i’ve been trying to make is that for this crisis, the dividing line between “us” and “them” is not along national borders. it’s between the banksters and their friends and the rest of us ordinary people everywhere..

If it’s Geithner, it must be bad.

I was outside most of today, but was reloading my ipod during part of the talking heads. Saw someone say that Geithner was Mr. Inside Guy and that he felt uncomfortable as a publich spokesman. That should be Summers role. Also saw him. Needs media training so he stops saying um every other word. Romer was also flopping around like a fish outta water. All-in-all, a bad performance for Obama’s economics team. But we knew that.

I don’t know what Geitner has up his sleeve but 60 Minutes jsut did a total puff piece on him

Yeah, I noticed cnn coverage & wondered why. I guess old science is exciting when science has been off the calendar for so long.

http://www.huffingtonpost.com/…..175131.htm

I’m working with other Kidney cancer patients to lobby congress to up the funding for KC research from last years whopping $1.5 million to $15 million….. we can throw money down bankers toilets and their fancy lifestyle but cannot help everyday Americans…… Just think of the $9 billion that went missing Iraq and what kind of research we could get?

Researchers have money for studies but do not have money for staff, database professionals, research assistants, nurses and others who assist the research……priorities….

There’s a better way, since most of the prime perps are in London and elsewhere in the EU:

It looks like the US Gummint is being held up by an International extortion racket. Geithner needs some help here from the FBI, DOJ, CIA, and DOD. For example, they could put their heads together and discover, lo and behold, a particular provision of law that enables them to tax those bonuses at a rate of, say, 95%. But Geithner can’t do it alone; that’s why he’s been so cautious.

Meanwhile, an intense investigation could be publicly announced (or privately leaked) that the recipients of these bonuses were being investigated for fraud and other irregularities, and put a lot of “heat” on them of a kind such privileged folks seldom experience. We could do a “Spitzer” on them, one by one. We could start by naming them, one by one, in high profile news stories, itemizing the privileges they enjoy, and the harm they have caused– all based on iron-clad evidence, of course, not rumor-mongering. I like this idea a lot. These people like to conduct their nefarious activities out of the public eye.

Where’s Hugh? We need a new list, Bonus Bagging Banker Barons maybe, starting with the bunch in AIG’s London office who were heavily involved in all those Credit Default Swaps, etc. Name them; provide pictures. Print every bit of publicly available information about their business activities.

Perhaps this AIG bunch is a remnant of the British Empire, which started on Fleet Street, and has retreated to Fleet Street, only to colonize in new and sophisticated ways.

Time for another Tea Party?

Bob in HI

BTW, we are all here pretty united around the idea of the rule of law, and I am, too– 99%. But there are also times, and this looks like one of them, when the law is being used as a club by the privileged to protect their own rackets at public expense.

something to watch out for:

Geithner Says He’ll Soon Offer Details on Toxic-Asset Cleanup

March 15 (Bloomberg) — U.S. Treasury Secretary Timothy Geithner said he will soon provide details of his plan to help banks clean up the non-performing assets that are clogging the financial system.

“We’re going to move quickly to lay out a new financing program to deal with these legacy assets,” Geithner said in an interview with Bloomberg television yesterday during a meeting of Group of 20 finance ministers in Horsham, England. “We have and expect to see a lot of support for this program” among potential buyers of the assets, he said.

Jim, do you have a site we can all check out the shuttle, I’m on the left coast and the sun still up?

I think the financial bailout is the most dramatic example yet of how little people matter in this country.

NASA TV also has a web feed. They cover all launches and landings live.

legacy assets,

How very Rovian.

I WHOLE HEARTEDLY AGREE

That was Bernanke not Geithner on 60min

the one thing this crisis, and the ease at which hundreds of billions of dollars were immediately found to bailout the banksters, has taught me is that the money was there all along..

and not only for cancer research:

Money to build and generously equip thousands and thousands of new schools, with well-paid, exquisitely trained teachers, small teacher-pupil ratios, a full range of enriching and inspiring programs.

Money to revitalize the nation’s crumbling inner cities, making them safe and vibrant places for businesses and families and communities to grow.

Money to provide decent, affordable and accessible health care to every citizen, to provide dignity and comfort to the elderly, and protection and humane treatment for the mentally ill.

Money to provide affordable higher education to everyone who wanted it and could qualify for it. Money to help establish and sustain local businesses and family farms, centered in and on the local community, driven by the needs and knowledge of the people in the area, and not by the dictates of distant corporations.

Money to strengthen crumbling infrastructure, to repair bridges, shore up levies, maintain roads and electric grids and sewage systems.

Money for affordable, workable public transport systems, for the pursuit of alternative sources of energy, for sustainable, sensible development, for environmental restoration.

Money to support free inquiry in science, technology, health and other areas — research unfettered from the war machine and the drive for corporate profit, and instead devoted to the betterment of human life.

Money to support culture, learning, continuing education, libraries, theater, music and the endless manifestations of the human quest to gain more meaning, more understanding, more enlightenment, a deeper, spiritually richer life.

The money for all of this — and much, much more — was there, all along. When they said we couldn’t have these things, they were lying — or else allowing themselves to be profitably duped by the high priests of the market cult. When they wanted a trillion dollars — or three trillion dollars — to wage a war of aggression in Iraq, they found it. Now, when they want trillions of dollars to save the speculators, fraudsters and profiteers of greed in the global market, they suddenly have it.

Who then can believe that these governments could not have found the money for good schools, health care, and all the rest, that they could not have enhanced the well-being and livelihood of millions of ordinary citizens, and helped create a more just and equitable and stable world — if they had wanted to?

This is one of the main facts that ordinary citizens around the world should take away from this crisis: the money to maintain, secure and improve the lives of their families and communities was always there — but their governments, and their political parties, made a deliberate, unforced choice not to use it for the common good. Instead, they subjugated the well-being of the world to the dictates of an extremist cult. A cult of greed and privilege, that preached iron discipline to the poor and the middle-class, but released the rich and powerful from all restrictions, and all responsibility for their actions.

This should be a constant — and galvanizing — thought in the minds of the public in the months and years to come. Remember what you could have had, and how it was denied you by the lies and delusions of a powerful elite and their bought-off factotums in government. Remember the trillions of dollars that suddenly appeared when the wheeler-dealers needed money to cover their own greed and stupidity.

how dare they rape this country

It the continuation of the belief in trickle down economics. Take care of the big guys and the little guys will be OK.

I like the way the Lake is going pick an issue try and educate ourselves and focus with allot of posts for a week or more? This is brilliant!
Keep the pressure on don’t let up and as we get more educated we get better at the issue. Sometimes its good to focus.

sing it sister………..spot on

yup.

This is one of the main facts that ordinary citizens around the world should take away from this crisis: the money to maintain, secure and improve the lives of their families and communities was always there — but their governments, and their political parties, made a deliberate, unforced choice not to use it for the common good. Instead, they subjugated the well-being of the world to the dictates of an extremist cult. A cult of greed and privilege, that preached iron discipline to the poor and the middle-class, but released the rich and powerful from all restrictions, and all responsibility for their actions. = repuklicanism

Nope. They don’t believe in trickle down. It’s just an elaborate intellectual construct to hide screwing the ordinary person.

IMF, World Bank; demanding we pay off the dictator’s debts first….. ala Shock Doctrine.

You can stream the NASA channel, too. I’ve watched live stuff this way for years. Lots of fun…

I know they believe in enriching their class, but when asked about main street they use the trickle down meme whether they believe it or not.

LHP,
Please excuse me, I’m forgetting my manners. First of all, thanks for this post!

To add to what I wrote at #72, I guess this explains why the Obama economic team has been going around the globe saying that this is a global economic crisis and must be handled globally.

But we do have local issues. I agree with whoever reminded us about Phil Gramm’s role in deregulating CDSs, and taking them out of the gambling rules and regs too. Rather than digressing by meditating on the punishments I think he deserves, let’s focus instead on bringing CDSs under regulation as one of the talking points in our comments to Congress. Thanks for the link! That’s next on my list.

Bob in HI

if it was only republicans, we’d be ok, but it isn’t. it’s democrats like summers and schumer (actually, probably most of them – remember that sanders was the only senator pushing for a special tax to pay for the tarp bailout). and it’s not just politicians and banksters here in the usa – they have their allies in other countries too.

i used to not to buy into the class war arguments that much – but i’m convinced now. it’s class war and it crosses national boundaries.

ding ding ding!

but those organizations are not the source of the problem, they are the institutions that have been used to enforce an ideology that is aligned with the interests of goldman sachs, citi, etc.

once again you are correct,but those are fundamentals of republicanism/fauxconservatism

I’m sorry, did I mistype? I knew it was Bernanke. Gah!
I got almost no sleep least night, and it shows. Going ot be an early night tonight to make up for it

It’s just that the TARP was sold to Congress as a program to pump money into AMERICAN banking system. It’s the lying to Congreess part that really drives me nuts

Does raise the question of how much US politicians knew about this. I kinda thought that we were at least only bailing out our own idiots. Did Paulsen know and not say. I suspect so.
I no longer care about justice. I want revenge.

there isn’t an american banking system. that’s the point. financial globalization baby!

They want to fix / protect the EXISTING financial system which is full of crooks criminals and injustices not to mention corruption and nepotism. So what else is new?

AIG = Allowing Irreversible Greed.
AIG = All in Greed.
AIG = Arn’t I Greedy.
AIG = A$#holes, in general.

This is sick. Why in the world are we helping these companies that keep sending millions to people who do not know how to run a company? They cry yet get paid millions on the “average joes” taxes. Furthermore, I fear this is just the tip of the iceberg. Look what Enterprise rent-a-car did to get bailout funds:

http://www.butasforme.com/2009…..out-money/

Not to make excuses for these people, but the bailouts are making crooks out of everyone that touches the money.

I’ve not read that book, eCAHN, but I do own a housecleaning business here in Maine and have for years. What did she say about housecleaning up here? It’s expensive compared to what others are paying around the country. One of my cleaning customers would go to Florida during the school year and their housecleaner down there got $60 to clean their massive house. I was charging them $100 to clean their house up here that was a lot smaller than their one in Florida. ;-)

Suzie Orman cleaned houses during some of the down times of her life. She talked very proudly of herself recently about it and was trying to convey to viewers that a job is a job. Do anything to keep the money coming in. I like her approach. ;-)