Goverment considering creation of entity to hold bad debt

Discussion in 'Wall St. News' started by kxvid, Sep 18, 2008.

  1. kxvid

    kxvid

  2. dorfman

    dorfman

    Give me your tired, your poor,

    Your huddled bankers yearning to breathe free,

    The wretched refuse of your ballance sheets.

    Send these, the worthless, bad debts to me,

    I enslave the citizen under your golden door!"
     
  3. This is absolutely sickening, and incredibly bullish.
     
  4. Digs

    Digs

    RTC failed in Japan, as banks did not want to take a loss on their books.

    PRICE to be set will be difficult.... from banks to RTC.

    USA are free markets cheats !
     
  5. "bad bank" didnt help lehman bros either.

    It burnt a lot of shorters tonight though.
     
  6. I went I am waiting for the top and then I am going to hammer. Will find the bottom on Gold and buy back in.

    How can this be good news? There is, I think 550 TRILLION in Credit Derivitives. HOw much of that is bad paper? ALOT.

    If the bad debt goes into a repository held by the Government, when the paper defaults, who fits the bill? The taxpayers? If so, this will cause the US Dollar to slide like never before.

    Market is so pathetic, the only participants the hedge funds and institutional banks are going to have is pro traders that recognize smart money order flow. No fresh money from you local Main Street will come in, because they are starting to figure out that the entire market is nothing more than giant autotrade progrms running Algo's on Hedge Fund/Institutional Bank Desks.

    Nothing is based upon honesty, integrity and fundamentals. This is starting to look like the boy who cired Wolf and will cause further deterioration of the markets in the public eye.

    Market will go back down to 10,500 IMO.
     
  7. gwac

    gwac

    you do not think the banks would love to get rid of this stuff at 30 cents on the dollar so they can move on..


    Japanese gov made money on the RTC


     
  8. MattF

    MattF

    Great! What ever happened to the RTC anyway after '95?

    Those that forget the lessons of history...
     
  9. Digs

    Digs

    ..."How can this be good news? There is, I think 550 TRILLION in Credit Derivitives. HOw much of that is bad paper? ALOT."...

    Slow down its only about $240 Trillion mortgage back securities, not that bad...ooops USA stock market is 21 trillion....HELP !!!
     
  10. dorfman

    dorfman

    Now look at them yo-yos thats the way you do it
    You set up a debt fund like the RTC
    That aint workin thats the way you do it
    Money for nothin and chicks for free
    Now that aint workin thats the way you do it
    Lemme tell ya them guys aint dumb
    Maybe get a ding on your stock price
    Maybe get a ding on your bond

    We gotta install microwave ovens
    Custom kitchen deliveries
    We gotta move these refrigerators
    We gotta move these colour tvs

    See the little faggot with the books full of losses
    Yeah buddy thats his own loss
    That little faggot got his own jet airplane
    That little faggot hes a millionaire

    We gotta install microwave ovesns
    Custom kitchens deliveries
    We gotta move these refrigerators
    We gotta move these colour tvs

    I shoulda learned to make big gambles
    I shoulda learned to schooze con-gress
    Look at cnbc mama, she got it stickin in the camera
    Man we could have some fun
    And hes up there, whats that? bullish noises?
    Bangin on the index like a chimpanzee
    That aint workin thats the way you do it
    Get your money for nothin get your chicks for free

    We gotta install microwave ovens
    Custom kitchen deliveries
    We gotta move these refrigerators
    We gotta move these colour tvs, lord

    Now that aint workin thats the way you do it
    You set up a debt fund like the RTC
    That aint workin thats the way you do it
    Money for nothin and your chicks for free
    Money for nothin and chicks for free
     
    #10     Sep 18, 2008