Goverment considering creation of entity to hold bad debt

Give me your tired, your poor,

Your huddled bankers yearning to breathe free,

The wretched refuse of your ballance sheets.

Send these, the worthless, bad debts to me,

I enslave the citizen under your golden door!"
 
RTC failed in Japan, as banks did not want to take a loss on their books.

PRICE to be set will be difficult.... from banks to RTC.

USA are free markets cheats !
 
I went I am waiting for the top and then I am going to hammer. Will find the bottom on Gold and buy back in.

How can this be good news? There is, I think 550 TRILLION in Credit Derivitives. HOw much of that is bad paper? ALOT.

If the bad debt goes into a repository held by the Government, when the paper defaults, who fits the bill? The taxpayers? If so, this will cause the US Dollar to slide like never before.

Market is so pathetic, the only participants the hedge funds and institutional banks are going to have is pro traders that recognize smart money order flow. No fresh money from you local Main Street will come in, because they are starting to figure out that the entire market is nothing more than giant autotrade progrms running Algo's on Hedge Fund/Institutional Bank Desks.

Nothing is based upon honesty, integrity and fundamentals. This is starting to look like the boy who cired Wolf and will cause further deterioration of the markets in the public eye.

Market will go back down to 10,500 IMO.
 
you do not think the banks would love to get rid of this stuff at 30 cents on the dollar so they can move on..


Japanese gov made money on the RTC


Quote from Digs:

RTC failed in Japan, as banks did not want to take a loss on their books.

PRICE to be set will be difficult.... from banks to RTC.

USA are free markets cheats !
More...
 
..."How can this be good news? There is, I think 550 TRILLION in Credit Derivitives. HOw much of that is bad paper? ALOT."...

Slow down its only about $240 Trillion mortgage back securities, not that bad...ooops USA stock market is 21 trillion....HELP !!!
 
Now look at them yo-yos thats the way you do it
You set up a debt fund like the RTC
That aint workin thats the way you do it
Money for nothin and chicks for free
Now that aint workin thats the way you do it
Lemme tell ya them guys aint dumb
Maybe get a ding on your stock price
Maybe get a ding on your bond

We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour tvs

See the little faggot with the books full of losses
Yeah buddy thats his own loss
That little faggot got his own jet airplane
That little faggot hes a millionaire

We gotta install microwave ovesns
Custom kitchens deliveries
We gotta move these refrigerators
We gotta move these colour tvs

I shoulda learned to make big gambles
I shoulda learned to schooze con-gress
Look at cnbc mama, she got it stickin in the camera
Man we could have some fun
And hes up there, whats that? bullish noises?
Bangin on the index like a chimpanzee
That aint workin thats the way you do it
Get your money for nothin get your chicks for free

We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour tvs, lord

Now that aint workin thats the way you do it
You set up a debt fund like the RTC
That aint workin thats the way you do it
Money for nothin and your chicks for free
Money for nothin and chicks for free
 
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