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Japan has 100 year mortgages - yes, you read that correctly - 100 year mortgages! F'ing unbelievable - they have to provide proof of having children... http://tvnews.vanderbilt.edu/program.pl?ID=127764 That is what happens when the dumb fu[ks are in charge - they bail out the banksters and...

If anybody has seen my posts, they know I am a self admitted paranoid, conspiracy theorists :D I''ll bite!!! Can you hint at what you know? Can you hint where I should begin looking to know - if possible? My thought is that by November - the world as we know it will be completely different...

That is PRECISELY what so pisses me the fu[k off about the "bail outs." By bailing out the banks and mortgage companies, all the gov't is doing is trying to maintain the ridiculously high prices on homes! If they would just let the prices fall back to reasonable levels - intelligent and normal...

Thank you! That is exactly what I am talking about!

In a previous post I "forecast" that a "big" bank was about to fail. I based that "forecast" on the fact that a bank or banks had dramatically increased their use of the secondary window at the Federal Reserve. I note that activity did NOT decrease after the demise of Colonial or Guaranty...

This talk of SLV/SLW...bullshit!!! You either have silver physical or you don't. IIRC MS lost a lawsuit about them having physical in their "vaults!" MS was charging for having physical in their "vaults," but really didn't!!!! Times is dangerous...have the physical foo' motha-fucka...

The FDIC and BBVA entered into some sort of shared loss agreement...but, holy crap...did you just cause me to go paranoid!!!! WTF does this mean?!?!?! From the FDIC web site... from here -> http://www.fdic.gov/bank/individual/failed/guaranty-tx.html "You may withdraw your funds from...

LOL!!! It wouldn't be the first time I was paranoid :D edit: BTW - I liked your analogy of sweeping under the rug. All I can picture is some sleazy used car salesman type from the FDIC talking to the Spanish like, "Have I got a deal on a beautiful little bank - you're gonna love it!"...

Huh - looks like they edited the article and the fourth paragraph no longer has the stuff about Guaranty being shopped around....but, here is a nice article from the NY Times that says the FDIC is going through "extraordinary" measures to pawn...errr, "attract buyers" for the banks that are in...

Ahhh, a bit of the history of the thing. I could be wrong, but if I read the stories right (and I posted a link in the original post) the FDIC had "shopped" this pig around to US buyers...and couldn't find one. Is that saying that there wasn't a financially stable enough US bank to take...

WOW!!! Harsh! Too true, but harsh none the less. Now that you say it, I should have thought of that! In looking at the posts of BLSH and others...many just don't want to see the present bad news or that this is not an "ordinary" recession! Thanks for your input! -gastropod

OK, I am not above asking for a reality check on myself :D Am I completely out in left field in thinking this is fairly big? Thanks, gastropod

I think anybody here (with half of a brain) could talk about the Kindleberger book (Manias, Panics, and Crashes: A History of Financial Crises) and understand his concept of the "Lender of Last Resort and the concept of bubbles ("It is different this time"). For the previous parts of this...

We need a new uptick rule...to protect all the banks that will have to show that they are insolvent when they are forced to use mark to market accounting! Noooo, we need to protect those who have pillaged the people and committed fraud...like the banks. -gastropod

Ahhhh, with the addition of the misspelled "fkbsuhites" I have now rid my reading of a stupid troll! A simple addition to my ignore list - good riddance moron! Don't bother replying - you are ignored :D

Huh, Harvard appears to have found a correlation between religious belief and prosperity... http://www.nytimes.com/2004/01/31/arts/31GOD.html ...especially Christianity! To the moderators: Is there a way to put a poster on mark/identify posters of little value, so that all can globally...

Trolling can be funny...for a while, but excessive trolling is annoying. You now join sphincter_trader in my ignore list.

I could not agree more with ya! I may be wrong, but I believe the mark to market crap falls under "Pillar 1" in the link I provided. BIS wants "Pillar 1" implementation to begin "immediately" - I think that is why the FASB was forced into implementing this ASAP...there will be no getting out...

LOL!!! The FASB, blah, blah, blah!!! The Bank of International Settlements is calling the shots and they have stated they want mark to market in place by December 2010. http://www.bis.org/publ/bcbs157.htm -gastropod

What a dumb fvck!!! The Bank of Interantional Settlements has basically already dictated that mark to market be IN PLACE by Dec. 2010. We are getting to the point where jackasses can point the finger at the FASB...but, the bigger power behind the scenes is the BIS...