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Im sure that is every banker's wet dream. Take all their bad loans and shove um on the taxpayer. Yea.. that would go over well

Very true. We need a third party. These two are failures and full of it.

Putin at Davos 2 quotes from same speech "Excessive dependence on a single reserve currency is dangerous for the global economy. Consequently, it would be sensible to encourage the objective process of creating several strong reserve currencies in the future. It is high time we launched a...

Well mizhael, everyone is already lying. Sun trust bank (STI) is now being sued. I have no idea if the lawsuit will be successful because bankers can claim ignorance with these different models. Even with mark to market, things are worse then they seem and they hide the pain. They will need...

Yep, lack of clarity = lack of confidence. Removing more clarity isn't going to help. The investor has lost confidence and sees the whole market as a scam, I'm not sure this is the approach that is going to get the public to believe in these institutions. Geitners approach actually seems...

Rumor floated on what Thursday? Market lifted for a few minutes and sold off. Retail is gone, these games aren't working anymore.

Seriously good job by the WSJ. They admit they don't have it all, but they say they are trying to get it. Recently I have been reading more from them. They seemed like they were becoming useless with their pop slant. But... they have been on it. Great reporters.

Everything I have read about him is amazing. Id offer up my first born to work for him

Dick Bove

"The contamination incident, which is being investigated by the four European countries, came to light when the subcontractor in the Czech Republic inoculated ferrets with the product and they died. Ferrets shouldn’t die from exposure to human H3N2 flu viruses." Wtf...

Well done:D

Edit- Apologies, wise crack about deflation, when clearly people are making money globally on inflation bets. Sorry

Well another 500 bill... Aside from that, wonder if this is for a myriad of small banks, or if it is to finally recognize the big failures.

It just didn't work. With all the free money they still crashed. Real money still wants out. It just wont work.

Hail Satan But lets see if GE can hold 5,and with it, the global markets

Grats ed :D They may run hard before tomorrow. I'm short here, I see zero hope. The bear has charged in to bull trenches, never seen this, absolutely no hope. Looking for down 5% plus at close, will close out eod.

The 780 million fine was paid to avoid criminal, rico, charges. But... it was made with the understanding of future cooperation. This refusal should make that prior agreement void. And if I worked for UBS here in America, I would be concerned.

Thx, will wait till afternoon tomorrow. I am fearful heh, want to see if the bulls are too.

Might be an attempt in here to save GE, who knows. If so they cant let this rumor die this time. Otherwise GE is on its way out. This is A on my daily. Wondering if she has legs. Last week mini rally, bulls ran from Fri reports. Starting selling mid day Thursday. Lets see if they have...

Every idiot in this crisis has been a baby boomer. Let them rot. Maybe when their parents who fought WWII told them stop taking acid and grow up, they should have listened.