Guest Posted May 28, 2004 Report Share Posted May 28, 2004 WASHINGTON -- The Homeland Security Department was surprised by the announcement Wednesday by Attorney General John Ashcroft and FBI Director Robert Mueller that a terrorist attack was increasingly likely in the coming months, officials said. The department, created a year after the Sept. 11, 2001, attacks, is charged with issuing terrorism warnings to the public, and tension arose when Ashcroft and Mueller effectively took over that role at a news conference Wednesday when they said al-Qaida is preparing an attack inside the United States. The Treasury Secretary issuing labor forecasts, the Attorney General issuing terror forecasts. What's next - the Fed issuing energy forecasts? Scratch that last one - the Fed has already taken over that job! I can only imagine what Shrubs staff meetings must be like... They probably play musical chairs with a different title on each chair, then roll play being what ever chair they end up in. The lack of organization is amazing, .. How they keep things running at all is a mystery to me. Looks like president Cheney forgot to tell Ridge that Ashcroft had been picked to bump the abuse scandal off the front pages. Wonder if he bothered telling the bushman. Link to comment Share on other sites More sharing options...
wndysrf Posted May 28, 2004 Report Share Posted May 28, 2004 Attn: TE 11:46AM Indevus Pharm halted: news pending (IDEV) 8.90 +0.48: Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2004 Report Share Posted May 28, 2004 Indevus Announces FDA Approval of SANCTURA Friday May 28, 12:25 pm ET Investor Conference Call Planned for May 28, 2004, 1:00 P.M. Eastern Time LEXINGTON, Mass.--(BUSINESS WIRE)--May 28, 2004--Indevus Pharmaceuticals, Inc. (NASDAQ: IDEV - News) today announced that the U.S. Food and Drug Administration (FDA) has approved SANCTURA (trospium chloride tablets). SANCTURA is indicated for the treatment of overactive bladder (OAB) with symptoms of urge urinary incontinence, urgency and urinary frequency. http://biz.yahoo.com/bw/040528/285314_1.html Link to comment Share on other sites More sharing options...
Drano Posted May 28, 2004 Report Share Posted May 28, 2004 Indevus Announces FDA Approval of SANCTURAFriday May 28, 12:25 pm ET Investor Conference Call Planned for May 28, 2004, 1:00 P.M. Eastern Time LEXINGTON, Mass.--(BUSINESS WIRE)--May 28, 2004--Indevus Pharmaceuticals, Inc. (NASDAQ: IDEV - News) today announced that the U.S. Food and Drug Administration (FDA) has approved SANCTURA (trospium chloride tablets). SANCTURA is indicated for the treatment of overactive bladder (OAB) with symptoms of urge urinary incontinence, urgency and urinary frequency. http://biz.yahoo.com/bw/040528/285314_1.html Will it help when I feel that pressure when the market is going the wrong way for my positions? (Which is seemingly all the time) Link to comment Share on other sites More sharing options...
wndysrf Posted May 28, 2004 Report Share Posted May 28, 2004 Attn: TE IDEV off to the races!!! 12:38 Indevus Pharmaceuticals gets FDA OK for bladder drug Link to comment Share on other sites More sharing options...
Lock Limit Down Posted May 28, 2004 Report Share Posted May 28, 2004 zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Have a good safe weekend all Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2004 Report Share Posted May 28, 2004 One sure way to make money: pick any chart that is rolling over on all time frames after having been flatlined at a 52 week high for a couple days. Contrary to logic, go long as opposed to short. The short interest has built up enough by that point that the operators will execute the jam higher using bear money - since no actual buyers are coming into the market. SAFM http://139.142.147.26/GifChartEngine.dll?i...4&refreshrate=0 MCD http://139.142.147.26/GifChartEngine.dll?i...4&refreshrate=0 RIMM http://139.142.147.26/GifChartEngine.dll?i...4&refreshrate=0 EBAY http://139.142.147.26/GifChartEngine.dll?i...4&refreshrate=0 Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2004 Report Share Posted May 28, 2004 Where in the world would the debtors find the money to pay back the loans????The whole thing would implode as it would spread to other lending institutions and the NY fed would be powerless to stop it regardless of how many clownbucks they printed. The role of a central bank is to act as a buyer of last resort for marketable securities like treasuries that are perfectly good but where there may be temporary panic like conditions in the market that prevent their disposal in the normal way. Such conditions might be caused by say something like C attempting to dump their entire treasury portfolio in one shot The size of the investments so tendered to the Fed are theoretically completely immaterial. As for banks? debtors, they sign up for loans on the basis of prevailing conditions, where they get the money for any loans called is strictly speaking not the banks? problem. Of course this would lead to a cascading collapse in all sorts of asset markets where the Fed is not available as a buyer of last resort. But the point here LLD is that there is nothing inherently dishonest or wrong with the fractional reserve system and banks are fully able to honour their relevant external obligations on demand. Banks just choose to hold their assets in a form in which they earn interest rather than as cash on which they earn nothing. Look at the balance sheet I posted again and please ask if there is anything you don?t understand. As far as ones yearning for society seizing up the fed if anyone could be accused of that, as they created this end game we are headed for What end game are you talking about? BTW, please be aware that the rules of engagement on this board would seem to prevent me from commenting frankly on Hypers? . . . aherm . . .fractional reserve theories. Link to comment Share on other sites More sharing options...
Hypertiger Posted May 28, 2004 Report Share Posted May 28, 2004 What if everyone wanted large sums of money all at once In the unlikely event that everybody wanted to take out their cash deposits simultaneously, using the example of the Citicorpse they would reorganise their balance sheet below as follows. 1. Take their small cash reserves and get the NY Fed to repo their entire holdings of marketable securities and short term investments. 2. Use the proceeds to repay in full depositors represented by other short term creditors. 3. That?s not quite it; without any deposits they could apply fractional reserve ratios to they would have to start calling in their existing loans and needless to say nobody would be able to borrow a penny. 4. ShittyGroup wouldn?t be in trouble in the sense they were insolvent but everybody else would be stuffed and society would rapidly seize up. Judging by the amount of misinformation being spread around this would seem to be what some people yearn for. "3. That?s not quite it; without any deposits they could apply fractional reserve ratios to they would have to start calling in their existing loans and needless to say nobody would be able to borrow a penny". Where in the world would the debtors find the money to pay back the loans???? The whole thing would implode as it would spread to other lending institutions and the NY fed would be powerless to stop it regardless of how many clownbucks they printed. " "Judging by the amount of misinformation being spread around this would seem to be what some people yearn for." What misinformation are you referring to? As far as ones yearning for society seizing up the fed if anyone could be accused of that, as they created this end game we are headed for. How do you see it as being sustainable? Please enlighten me. TIA The FED would be able to protect the Big banks...or at least the theory is protect them...all the little banks would cave in...That is if an actual bank panic were to gain enough steam... Just for your information Major is a true believer in the legalized fraud that banks operate by... A true believer in the ends justify the means...What he refuses to accept is that when the ends are the prepetuation of fraud and lies are the means to accomplish that end then self destruction is 100% assured...He likes to blame victims... Such as...Major is riding a horse and it is not moving fast enough so he starts whipping it...then it stops...He dismounts and whips it until it drops dead... He then blames the horse for dying...That is the way he thinks... If he was a Politician he would sponsor a law making it illegal for dead horses to refuse to work... He is an Absolute capitalist...a totally lost cause. He also, due to his delusional thinking, doesn't realize he is a horse...until I guess the whipping starts... Link to comment Share on other sites More sharing options...
stevieo Posted May 28, 2004 Report Share Posted May 28, 2004 Did I hear right that the chair of fhlbs resigned? I was expecting a bail out, just didn't think it'd be like this. Link to comment Share on other sites More sharing options...
brian4 Posted May 28, 2004 Report Share Posted May 28, 2004 Opening now for 50 minutes-Helmets on-Lock n Load Link to comment Share on other sites More sharing options...
mjkst27 Posted May 28, 2004 Report Share Posted May 28, 2004 The role of a central bank is to act as a buyer of last resort for marketable securities like treasuries that are perfectly good but where there may be temporary panic like conditions in the market that prevent their disposal in the normal way. Such conditions might be caused by say something like C attempting to dump their entire treasury portfolio in one shot The size of the investments so tendered to the Fed are theoretically completely immaterial. Under any rigorous logic, why should any such buyer-of-last-resort need to exist in a market? What natural market has such a referee? When two animals both want the same mate or meal, they fight ("haggle"?) until a "bargain" is reached. Luckily humans are capable, most of the time, of bargaining with word and pen, sometimes even reaching equitable "win-win" deals in the marketplace. MC's paragraph, true as far as it goes, exemplifies the ridiculous hopelessness of the current system. The current system is not natural, and eventually nature (the normal actions and reactions of humans, who are nature's creatures) will bring it to seizure regardless the actions of the humans supposedly "in charge of it" (control is a foolish notion indeed). If this is not self-evident, then there is little intelligent conversation to be had here. Yes, it is unfortunate that the current system has existed for 100 years or 350 or whatever benchmark you choose. Society has adapted around it, allowing the plutocrats their parasitic existence, while regular folks get on with daily life. This was the expedient way to go for all that time. But all the round off error so to speak has accumulated to a point where the dam is getting creaky. We're going to have trouble no matter which way the thing breaks. I only hope the resolution does not require the common man to remain prone to elitist parasitism. Link to comment Share on other sites More sharing options...
DrStool Posted May 28, 2004 Report Share Posted May 28, 2004 Fed Update is now posted! Know what Al and his crew are up to, and how it's likely to affect the markets. Take a subscribatory and download your daily Fed Report. 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2004 Report Share Posted May 28, 2004 IMO Central Banks are...... Wolves in sheeps clothing. The image was to large. Sorry Doc. Link to comment Share on other sites More sharing options...
Guest Posted May 28, 2004 Report Share Posted May 28, 2004 The current system is not natural, and eventually nature (the normal actions and reactions of humans, who are nature's creatures) will bring it to seizure Ignoring the intellectual integrity of the platitudes you express, then fine; you want to see collapse. But please, let?s just not wrap this up in any phoney concern for the "sheeple". Link to comment Share on other sites More sharing options...
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