DrStool Posted June 26, 2009 Report Share Posted June 26, 2009 Well, which is it for you? Link to comment Share on other sites More sharing options...
capitall Posted June 26, 2009 Report Share Posted June 26, 2009 Brought over from an ongoing discussion from IDS today, regarding American propaganda against socialized medicine-- by saying it goes against "free markets" and "small government." Such propaganda, perpetuated by corporate interests that have a stranglehold on both the economy and the government, makes the markets anything but free for the rest of us: QUOTE (Speakeasy @ Jun 26 2009, 08:47 AM) Not just money, but class. It's amazing what 100 years of propaganda through every media outlet can do to stigmatize and concretize ideology. From the mid 19th century, socialism was a legitimate political option in Europe. Here, since the robber barons, it has been vilified. Despite the American ethic that we all take care of the needy and look out for the community, community was transmuted through propaganda into "commie". The anti-commie spew really picked up after the bolsheviks scared the rulers shitless, and went hysterical after WWII culminating in the McCarthy witch hunt. Pathetic. Since then, the right has turned the campaign against Government (which was limiting ruling class power), as if it was an alien force out to hurt folks, when in fact it was just the peoples' tool, until the ruling class bought and coopted it. Two small proposals to start us back towards a functional democracy might be: 1. overturn the supreme court ruling equating money with free speech, and; 2. neuter corporations so that the corporate charter ceases being a shield against personal and criminal liability. But it will take the coming depression to get it done, to awaken people so they can finally see their self interest does not lie alongside Trump's or Gate's interest. [Capitall] Wow, Speakeasy, your name certainly fits you! What a clear and concise statement of highly important facts and important ideas-- including some historical background. I am reading this post of yours over and over. It says a lot in very few words-- It is "Hemingwayesque." I sincerely hope that it will not take a depression, to get us to make this U-turn in the economy and in government that you and I would both like very much to see. I would love to see massive demonstrations in the streets-- or whatever it takes to pressure the Supreme court into overturning what I see as the "Marie Antoinette Supreme Court decision" That decision really said "Let them eat cake." That decision ignores the impoverishment of the "peasants"-- i.e. 99.9% of society, at the hands of greedy fat corporate interests, who told the rest of us (comparatively) starving folks to "eat cake." When that Supreme Court ruling was made, 99.9% of the folks in our country were told we had to put up with having leeches sucking out our life blood constantly-- the corporate leeches who are legally allowed to bribe Congress. Even many formerly upper middle class people are getting sucked dry of their money by these leeches. Will this go on until even the upper class people who are below the top .1% have been sucked dry, by being taxed to pay for enormous corporate bailouts, and having to let corporation write laws giving them rights to suck the consumer dry in banking, medical care, & even surprise cell phone charges? Wake up, Supreme Court! Link to comment Share on other sites More sharing options...
drwells Posted June 26, 2009 Report Share Posted June 26, 2009 The latest from WalStreetPro2: Beats the hell out of reading briefing.com's economic calendar. Link to comment Share on other sites More sharing options...
MrHanky Posted June 26, 2009 Report Share Posted June 26, 2009 2 more days till I return to the bear camp...... I see very little downside till after EOQ.Possibility of 2-4% upside through tues,or may possibly last till the holiday weekend. Get your shorts ready,but I would wait a bit more before loading up! One little note....I noticed alot of the crap that has been underwritten in the last few months is on fire this week.The better their syndicate does by the end of the quarter,the more syndicate they can underwrite in the fall. Link to comment Share on other sites More sharing options...
Peek Paper Posted June 26, 2009 Report Share Posted June 26, 2009 2 more days till I return to the bear camp...... I see very little downside till after EOQ.Possibility of 2-4% upside through tues,or may possibly last till the holiday weekend. Get your shorts ready,but I would wait a bit more before loading up! One little note....I noticed alot of the crap that has been underwritten in the last few months is on fire this week.The better their syndicate does by the end of the quarter,the more syndicate they can underwrite in the fall. I'm a couple grand $ short SPX over the weekend. Event risk. Enough news clutter for something to blow up. It won't be a slow news Monday. Very unusual for the week before the 4th ... Link to comment Share on other sites More sharing options...
cwd Posted June 26, 2009 Report Share Posted June 26, 2009 It looks like the FED is in the insurance business. WTF Under the agreement, AIG will split off AIA and Alico into separate company-owned entities called "special purpose vehicles," or SPVs. The New York Fed will receive preferred shares now valued at $25 billion -- $16 billion in AIA and $9 billion in Alico -- and in exchange will forgive an equal amount of AIG debt. So now The Federal Reserve (actually the NY Fed) partially owns an insurance company through more off-balance-sheet Frankenstein monsters. Karl Link to comment Share on other sites More sharing options...
cwd Posted June 26, 2009 Report Share Posted June 26, 2009 Some more comments on the Spoozer middle of the night ramp job a couple of nights ago. Posted by Tyler Durden at 4:18 PM Since FINRA and the Securities and Exchange Commission believe in going only after $1,000 insider traders with the full weight of their enforcement teams, yet ignore major market manipulation in futures and other markets, Zero Hedge wanted to present readers an opportunity to be heard by the market's regulators. As to what specific event to reference, frequent readers do not need our prompting, however a good example which if nothing else, needs clarification, is the major odd /ES ramp up on no news two nights ago, ahead of the atrocious claims number, which was covered extensively by Karl Denninger at Market Ticker.ZERO Link to comment Share on other sites More sharing options...
cwd Posted June 26, 2009 Report Share Posted June 26, 2009 Like trading against GS computers? Posted by Tyler Durden at 9:44 AM Just released NYSE data indicate a 50% ramp up by Goldman's principal Program Trading unit. Whereas the prior week saw Goldman trading only 631 million principal shares on the NYSE, the most recent data indicate a massive rise to 977.8 million. Also notable is Credit Suisse's doubling in principal program trades to 586 million from 245 million. Zero Hedge is compiling materials to demonstrate the phenomenal gamble CS is taking by being the largest holder of the ETF-underlying pair trade. The ensuing implosion, once the market loses the invisible futures bid, will likely destroy Switzerland's second biggest bank and likely take down the country with it. Probably most notable is the screaming increase in overall program trading, from 30.7% of all NYSE volume to 40.4%! Virtually every broker saw their Principal PT operations double week over week: seems like everyone is brokering those ETF trades now. Poor SPY and IWM are being mangled 10 ways from Sunday nowadays.ZERO Link to comment Share on other sites More sharing options...
snorkels4 Posted June 26, 2009 Report Share Posted June 26, 2009 cw, during the election and into the meltdown/bailout i was mass emailing mish/denningers stuff to news media, congress, friends 100000s emails. not even on enquiry im glad you care but the course is set. truly amazing times. NO!!!! and the leadership is a bunch of criminal conspirators http://www.corbettreport.com/articles/2009...predictions.htm Link to comment Share on other sites More sharing options...
mdporter Posted June 26, 2009 Report Share Posted June 26, 2009 This bear watches, and waits. Link to comment Share on other sites More sharing options...
nuevastool Posted June 26, 2009 Report Share Posted June 26, 2009 cwd,, gs,, want to know just how truly hopeless it is,, doc was right last night http://zerohedge.blogspot.com/2009/06/gold...very-major.html Link to comment Share on other sites More sharing options...
BusKow Posted June 26, 2009 Report Share Posted June 26, 2009 ' bour 5pm, 'bout a mile from my house as the wind blows... (EDIT: not my pic JAX FL local news site Link to comment Share on other sites More sharing options...
mdporter Posted June 26, 2009 Report Share Posted June 26, 2009 cwd,, gs,, want to know just how truly hopeless it is,, doc was right last night http://zerohedge.blogspot.com/2009/06/gold...very-major.html I'm on page two, already found an error. Talib stated that we have "free markets". Link to comment Share on other sites More sharing options...
Jorma Posted June 26, 2009 Report Share Posted June 26, 2009 It looks like the FED is in the insurance business. WTF Under the agreement, AIG will split off AIA and Alico into separate company-owned entities called "special purpose vehicles," or SPVs. The New York Fed will receive preferred shares now valued at $25 billion -- $16 billion in AIA and $9 billion in Alico -- and in exchange will forgive an equal amount of AIG debt. So now The Federal Reserve (actually the NY Fed) partially owns an insurance company through more off-balance-sheet Frankenstein monsters. Karl The worst thing I heard from Ben yesterday was in response to a poorly expressed question about the AIG bailout just after the LEH failure. Ben came up with something about how they didn't have legal authority to resolve or save LEH but did AIG. I am not sure he was really talking about the Fed or the Treasury but who is he kidding. What did the law have to do with it. They did what they wanted and pretended they had the law on their side later. At the time LEH went down it was reported that GS said no mas to anymore short term money for LEH from them. The collapse happened because then all their sources of short term funds dried up. This was an arbitrary decision. Perfectly justifiable in one sense but the same could be said of any of several hundred corporate entities at the time. The Fed could easily have provided short term money to LEH and let it twist in the wind awhile longer. As if the entire banking system was not in the same boat. The now famous story of how Paulson ordered all the big bank CEO's to the NY Treasury that Friday afternoon and demanded they save it is only half true. It's true none of them were in the position to save them long term. On the other hand if he had ordered them to keep doing business with them, with some sort of Fed guarantee there would have been no particularly urgent crisis at that moment. The Bear story isn't much different. They drew the short straw. They were taken out and shot. It was not a market decision but the decision of a tiny group of men. Then again, maybe that is what the market is. Link to comment Share on other sites More sharing options...
nuevastool Posted June 26, 2009 Report Share Posted June 26, 2009 md,,, oh do read on,, oh yes,, it's not like we didn't know the past,, but,, again,, read on Link to comment Share on other sites More sharing options...
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