tryin_to_think Posted February 21, 2009 Report Share Posted February 21, 2009 I'm a long time lurker from the days of machinehead, blackbelt,etc. I want to bring to your attention something that I received today...disturbing to me for sure. Apparently, there is a bill floating around the House that would add a tax to every trade. Don't know if I am posting this correctly, but the url is: http://clicks.aweber.com/y/ct/?l=Fx7hq&...nVZIcBQRbqP094Q Link to comment Share on other sites More sharing options...
Charmin Posted February 21, 2009 Report Share Posted February 21, 2009 QQQQ at 26.46 and a .786 retrace would fit for a bottom pattern as it did once before. http://www.StockSharePublishing.com/ChartL..._1235194005.png Link to comment Share on other sites More sharing options...
capitall Posted February 21, 2009 Report Share Posted February 21, 2009 If Rick Santelli is a conservative thinker, then it's obvious the questionable actions being done by the administration in finance is going to be "dragging conservatives kicking and screaming across the finish line" as was stated in similar fashion for reforming health care.http://wonkroom.thinkprogress.org/2009/02/17/14000-coverage/ Next up, individuals who have been holding onto the nonsense that "it's coming back" are most likely getting calls from their brokers, who are suppose to be managing risk for their clients at a time when the Dow is making fresh new lows. I have to wonder if they are still telling them to hold on or sell now. I know what they are telling them-- to "rebalance" their portfolios, or some other excuse to sell some things and buy others, thus generating more commissions for the broker. Brokers know where their money comes from. Too bad they're not paid a percentage of the profits, if any, instead. --------- It's too bad no one in the government has the big ones required to go ahead and nationalize insolvent banks, rather than letting them keep pretending to be solvent and pouring money down the drain to bail them out. This is from a McLaren report a week ago but still applies: http://www.mclarenreport.net.au/articles/a...ROPE/Page1.html "The one thing that can bring about some confidence is a bank bailout that truly makes some sense. The toxic asset problem must be taken head on.... Every suggestion or proposal seems to be coming from the financial industry itself. When the solutions offered protect the stock and bond holders of the insolvent banks it is not a solution. There is now an audit taking place of the top 18 banks because Geitner obviously doesn?t trust what the banks are telling him. The problem is too big to just throw money at the banks or guarantee their mammoth losses as was done with Citibank. That is just wasting taxpayer money and only satisfies the financial industry. Many of those insolvent banks need to be placed in some form of receivership and their toxic assets sold for what they are worth at the expense of the bond and stockholders, and the functioning parts of those banks either set up as a solvent bank and sold to investors or placed or sold to successful banks. Trying to keep insolvent banks alive is far too costly and will be to the benefit of no one but the financial industry... "They are insolvent due to the greed of management and those stock and bond holders who backed the management should pay the price and not the taxpayer. So far this has been the largest rip off in history and needs to stop now. The economy will go nowhere until this problem of insolvent banks is truly solved and solved quickly for the benefit of the country and not the financial industries management, bond and stock holders." Link to comment Share on other sites More sharing options...
capitall Posted February 21, 2009 Report Share Posted February 21, 2009 - Link to comment Share on other sites More sharing options...
Trader Joe Posted February 21, 2009 Report Share Posted February 21, 2009 Is it Friday Yet? Sure as sh&t is!!! This week's bank failure is..... Citizens Bank, Corvallis, Oregon, Assumes All of the Deposits of Silver Falls Bank, Silverton, Oregon February 20, 2009 Winner, winner, chicken dinner Link to comment Share on other sites More sharing options...
Trader Joe Posted February 21, 2009 Report Share Posted February 21, 2009 The NDX to 1938 fractal continues to eerily track..... Man-O-Man-O-Man Demz chartz iz da "bomb" On the lower chart.....can you tell what the "low" is......I can't seem to read it.....TIA Looks like 120 down to 100 ???? Link to comment Share on other sites More sharing options...
Charmin Posted February 21, 2009 Report Share Posted February 21, 2009 Gee, I just saw santelli rip up Obama's plan after Mr. Gibbs encouraged him to read it. Now where's that hit counter on the white house web page. I think it might boil down to this: the stimulus is mobilizing the opposition. Link to comment Share on other sites More sharing options...
mdporter Posted February 21, 2009 Report Share Posted February 21, 2009 Chicago Tea Party blogsite Link to comment Share on other sites More sharing options...
Pretzel Logic Posted February 21, 2009 Report Share Posted February 21, 2009 OMG this is friggin' hilarious. Letterman on the Stimulus Package: [flash=425,344]http://www.youtube.com/watch?v=8taNLOQ_WZs.swf How do I embed this, for future reference? Link to comment Share on other sites More sharing options...
alceringa Posted February 21, 2009 Report Share Posted February 21, 2009 For those that missed it earlier this week...... Switzerland threatened with bankruptcy With the bad loans in Eastern Europe and the massive withdrawals that are likely if the UBS have to reveal the list of criminals, ur bank clients, could well mean they are well and truly forked. Link to comment Share on other sites More sharing options...
swordfish Posted February 21, 2009 Author Report Share Posted February 21, 2009 Chicago Tea Party blogsite Great, thanks. http://www.Crapvision.com/id/15840232?video=1041856849 Link to comment Share on other sites More sharing options...
drwells Posted February 21, 2009 Report Share Posted February 21, 2009 Sure as sh&t is!!! This week's bank failure is..... Citizens Bank, Corvallis, Oregon, Assumes All of the Deposits of Silver Falls Bank, Silverton, Oregon February 20, 2009 Winner, winner, chicken dinner I have family there. Citizens Bank is next door to an excellent gelato place and across the street from a pretty good Japanese restaurant. Glad to hear they're not the one going under, as apparently plenty of other stuff there is Link to comment Share on other sites More sharing options...
swordfish Posted February 21, 2009 Author Report Share Posted February 21, 2009 Polish PM looks for coalition AGAINST eurobond. If EU will use eurobonds, it may force Poland to bankruptcy. why? because there will be demand for them, not for any CEE region polish english http://translate.google.pl/translate?prev=...sl=pl&tl=en from other site polish english: Polish government fears seriously the idea of emissions of Eurobonds, which is common in securities for the whole euro area - said the Journal (dziennik). Donald Tusk (Prime Minister) announced that it will be hard fought with this idea. Newspaper found that at the 10 February in Brussels before the monthly meeting of Ecofin, which is a committee of heads of ministries of finance of the EU, there were informal meetings of finance ministers of euro zone countries.Minister Jacek Rostowski heard that discussed the idea of the Eurobonds. According to the government this idea could break down the idea of Poland's position in the financial markets. Minister Slawomir Nowak said even that the bond issue could force Poland to bankruptcy. Now, any EU country issues its own bonds, and their sales finance its debts. In contrast, eurobonds would be the common security for the whole euro area, to which Poland does not belong. Such securities would be most major papers in the world, next to the U.S.. Others might stop to count - newspaper alert. Link to comment Share on other sites More sharing options...
swordfish Posted February 21, 2009 Author Report Share Posted February 21, 2009 ECB warns Germany against EU bail-out The European Central Bank gave a thinly veiled warning to the German government on Friday not to violate the European Union?s ?no bail-out? clause, which prevents members of the eurozone from supporting other members that are facing rising public debt. J?rgen Stark, ECB executive board member, told Spiegel magazine in an interview released on Friday that the clause was an ?important basis for the functioning of the monetary union?. http://www.ft.com/cms/s/0/06d04ccc-ff95-11...0077b07658.html Germany ready to help eurozone members http://www.ft.com/cms/s/0/825af89a-fe02-11...0077b07658.html Medvedev attacks Putin officials over crisis http://www.ft.com/cms/s/0/4882bf6e-ff78-11...0077b07658.html Link to comment Share on other sites More sharing options...
swordfish Posted February 21, 2009 Author Report Share Posted February 21, 2009 Nationalisation is most likely way out of US banking mess The game is up: within the next few weeks, if not days, the US government will have to step in and nationalise one or more banks.The likely candidates to the dubious honour of being owned by Washington Inc can be found at the end of a sad trail of credit losses, management mishaps and share price collapses. http://www.ft.com/cms/s/3d03e8f8-ffb8-11dd...0077b07658.html Link to comment Share on other sites More sharing options...
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