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Interesting proposition by Galbraith: The banks, through shadow intermediaries, bid-up beyond FMV for their bad assets. Why? Because they get them off their books at an inflated value, and only sustain a max loss of 7.5% due to the non-recourse nature of the govt. loans to buy these assets...

I hope you are not serious. The assets are "toxic" in the sense that they are not worth as much as as the financial institutions have lent against them. But, they obviously still have substantial value. So, no, these are clearly assets and not liabilities.

Welcome to my ever expanding ignore list.

Another scumbag fraudster caught. The Securities and Exchange Commission today charged a Pearl River, N.Y., investment management firm and its principal for operating a large-scale scheme that defrauded hundreds of investors of millions of dollars by providing them with misleading marketing...

LEV L. DASSIN, United States Attorney for the Southern District of New York, and JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), announced today the indictment and arrest of PAUL GABRIEL AMOS in connection with an...

And this schmuck too. I'm sure its a mere coincidence that he worked at the same firm as the schmucks above. LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, and JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the Federal Bureau of...

http://www.miniclip.com/games/en/sport.php

Refreshing air of honesty, here in ET land.

That's right its $500k when you bought, and another $500k when you sold. Oh, and that's $1,000,000 you owe, whether you made a profit or not.

Well, maybe if they hadn't lied on the loan app., and re-financed 3 times in 4 years, and took the trip to Hawaii, and bought his and hers BWMs and the 52" LCD TV, they might have saved enough money to continue making their mortgage payment. If they can't make the mortgage payment, then let...

Idiot.

Oh, I think Obama has moved away from the 3.5 MM jobs created. Its now "created or saved". How the hell do you measure a "saved" job?

And here I thought your SN had something to do with trading. Silly me. :p

Nope, Feds have to make an example of him. Too many well-connected people lost money with him. He goes to jail for a very long time.

I particularly liked it when Bill O'Reilly called Frank a coward to his face! http://www.youtube.com/watch?v=RAuOEdttjZQ

SACRAMENTO, Calif. – A suspect in a nationwide mortgage fraud scheme who fled the country was caught at the Canadian border with $1 million in Swiss bank certificates and $70,000 stuffed in his cowboy boots, authorities said Wednesday. Christopher J. Warren, 27, also was carrying four...

Feb. 12 (Bloomberg) -- The chief executive officers of Wall Street’s too-big-to-fail banks traipsed up to Capitol Hill yesterday to submit to questioning from Barney Frank and the House Financial Services Committee he heads. It was the latest installment in a series of show trials featuring...

Damn! FAS down 22% today. That 3x will kill ya. :eek:

Looked OK to me. http://www.cnbc.com/id/15840232?video=1027613960&play=1

Exactly correct, which I why I abandoned a dual wan setup in favor of two separate comps using different ISPs. If I lose connectivity on the main comp. I can swing over to the other comp. quickly, where I have my log-in screen for my trading platform already up so I can log-in immediately...