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Forget PPIP which off load all losses to taxpayers. I rather they have "mark to myth" than PPIP. If investors are stupid enough to buy into the valuation of Level X "mark to myth" asset, let it happens.

Playboy is "too big to fail". A USA without playboy mansion is just not the same..:)

Tim's plan is equivalent to gov buying the toxic asset at bank's price. By the way, gov doesn't get the upside neither. So, this is the worst of all plans. I actually disagree with him. The plan will work very well since the deal is too good for banks to pass up. Don't agree with me...

Oh... you pay margin interest..:) Just that it is paid to the ETF instead of brokers. Hence, they don't like it.

At the minimum, banks want to buy back their own toxic asset thru treasury. You have to check out the PPIP program to see how risk can be shift around. http://www.treas.gov/press/releases/tg65.htm

You know what is amazing? A thread titled with "Not paying credit cards" last 37 pages..:)

I thought changing party will right this somehow, but still the same shit. Stuffing taxpayer money to these financial oligarchy. What does it take to tell these banks to f**k off?

You don't need hedge funds and private equity help. Look at how SIV in the Enron case work. Let's say I, "Good old money corp", bought a pile of shit at $100. I didn't realized it until later it is worth $0. Well, now, if I form a entity call "Shit Inc", put $10 in it and get a sucker...

Do you understand how a PPIP program works? Also, I don't even know whether NY post is left lean , right lean, middle lean.... I just look at the fact. PPIP http://www.treas.gov/press/releases/tg65.htm

Enron type SIV. Anyone?

http://seekingalpha.com/article/128261-are-the-big-banks-gaming-the-taxpayer?source=yahoo Multiple sources for this story - this is not a tin oil hat sort of story. Anyone who thinks this is "innocent" should ask why Bank of America (BAC) and Citigroup (C) were not buying these securities 3...

Treasury will partner with you 1:1 Then, FDIC will give you a non-recourse loan at 6:1 leverage. Imply you only need to bat for 1 every 7 loan for you to break even if you bought those loan @50% face value. The taxpayer eat the other 5 out of 7 bad loan. What now? Still not good...

Well, put it this way. If their bets went right and those CDS paid out like bandits, will he benefit from it? Yes. Will he turn those bonus down, No. In fact, as a VP, he will probably benefit the most. So, his argument of not knowing about those bets yet he will benefit fully from...

Guys, if China dump US dollar, what will happen to the exchange rate? Don't we want higher Yuan? Ultimately, China will buy and sell US treasury based on targeted exchange rate. Not for profit or investment purpose. Everytime they adjust their currency upward, there will be less...

This is what PRC will do. They will print just like we do to match dollar for yuan in a peg system. Sooner or later. Commodity seller will demand more funny money for their product. By then, inflation will be back. If China's economy overheat first, they will stop printing first and...

Here is what's going to happen. China is definitely not going to buy US treasury. To match US dollar for dollar in a peg system, they will have to print an exact amount to what the Fed print. So, if you believe they have a stronger economy, they will overheat before us. At the same...

In normal times, created money goes from Fed -> Banks -> economy Now we have : Fed -> Gov -> economy Fed -> GSE -> consumer -> economy Fed -> Banks -> economy Well... well... well... Inflation will come. It is a question of whether they can control it.

It is in the contract to have the bonus. It is also true that if AIG goes BK, those contract will be void. Even AIG doesn't go BK quick enough. It is also possible to have a law to tax AIG bonus at 100% if such a law pass. ( Remember laws are created everyday in congress ) or They...

These banks are asked to take the money in order to provide covers for those big banks.

Hedge fund want a negative feedback loop betwen declining stock price and lower rating. Sprinkle with a couple of run of deposit.