So Goldman Walks Away....Thanks for the AIG Money ....Guys

Quote from Mvic:

Is anyone else getting the feeling that this whole green shoots rally has been about letting the banks and the smart connected money get out before we head to the real bottom.

http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/


http://www.latimes.com/business/la-fi-loans9-2009jun09,0,329853.story?page=1


So the Fed bought back some $1.5-8 Trillion treasury debt(hard to know for sure but it is at least that) to bring rates down and how many refis have their been in 2009? At most 120K... out of 44M mortgages! A massive fail.
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The Fed has bought back a lot less than that. They've bought some 500B of agency bonds and something like 150B or so of treasuries ... you can find out pretty easily by going to the Fed's site.

http://accruedint.blogspot.com/2009/06/smackdown-week-now-consumers-are-all.html has some decent info on this as well.
 
Quote from Mvic:

Is anyone else getting the feeling that this whole green shoots rally has been about letting the banks and the smart connected money get out before we head to the real bottom.

http://www.ritholtz.com/blog/2009/06/american-trucking-association-tonnage-index/


http://www.latimes.com/business/la-fi-loans9-2009jun09,0,329853.story?page=1


So the Fed bought back some $1.5-8 Trillion treasury debt(hard to know for sure but it is at least that) to bring rates down and how many refis have their been in 2009? At most 120K... out of 44M mortgages! A massive fail.
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Anytime there is a lot of money on the line with government involvement....to be sure the paid lobbyist are going to be burning the midnight oil....

The two party by advertising budget/lobbyist system has got to go....This time its banking....another time it will be farmers....you know the list....

10% C tax per state.....5% C tax Fed....
run by state mandates....no other taxes....would set the economy straight and get rid of the two party lobbyist nonsense.....
 
Quote from scriabinop23:

The Fed has bought back a lot less than that. They've bought some 500B of agency bonds and something like 150B or so of treasuries ... you can find out pretty easily by going to the Fed's site.

http://accruedint.blogspot.com/2009/06/smackdown-week-now-consumers-are-all.html has some decent info on this as well.
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http://online.wsj.com/article/SB123739788518173569.html

Edit: It appears that based on public info you are correct, only 650B has been acknowledged as having been spent as of the middle of April. My guess would be that they have spent more since then, nevertheless I think the point still stands, 650B for 100K in resets still a massive fail.

Are you really directing me to the Fed's web site for accurate data? :D Why doesn't the Fed just say to the increasingly clamorous chorus in congress who are demanding an audit: " Hey, just go to our web site, its all there and accurate", instead they feel the need to hire people like Robertson to desperately avoid such scrutiny.
 
Quote from Angrycat:

This is the marriage of strong government and business. Those who want more government intervention will get exactly more of this - only worse.

We now have "national champions" to suck off the productive just like France. Congratulations to all who think government can solve your problems. You got what you asked for and you got it good and hard.
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The USA government is a corporation that is a subsidiary of the Banks, might as well be an employee as it seems to do as it is told by the likes of Goldman, Fed and the rest of the theives on Wall Street.
It is getting really sad when the market can not even get a day with out several unscheduled speaks with either Obama, Tim, Ben.
Any sign of the market starting to breath in some what of a normality and they appear to manipulated.

Take CL, where the oil is kept offshore or whatever to manipulate the price, Price fixing at its best.
Hell it is to the point that you can throw caution to the wind everyday at 115-215 just go long, especially with cl from 145 to 215-230.

It's a joke.

Only in america
 
We will see a major change in day trading over the next 2 years.

The government and banks are driving out the little guys, they have and are updating their software to precisely disect trading styles until eventually most of the day traders are broke.

Similiar to what they have down with their intervention.
Standard algorithums are now useless.
ie , bollinger, parabolic,ma,pivots etc etc.
the only math working is directional volume with lots of small few point channels which short term are harder to trade.

swing and short term position trading is what we are finding working with the application of selling options

the USA has pointed their finger at everyone else for years and soon it will and is getting pointed back.

US is a fkg financial mess where only the rich are safely exiting and making money off the backs of the the loyal tax payer.

and they say the Bahamas is a tax haven and needs to be monitored for laundering lol when you have the likes of Goldman become Treasury funding herself and filling the pockets of the few.

capital punishment anyone,

w
 
Monetary digital tracking has not yet been applied to government....

When it is applied....you can mark this down....

Looking back at today's government in the not so distant future will be absolutely laughable as to its historic archaic applications and inefficiencies.

Anyone with a computer will be able to view historic and current financials....and review any labels attached to them.....

Management by state per inner district....allocating votes to the Fed whereby the antiquated lobbyist system has long been supplanted by a model which represents consumption only....

What is happening today is laughable albeit a very serious matter....

So went GM....

As should the US political system....
 
Quote from fkbsuhites:

Corporate welfare run amok

With these bastards at the brink of extinction, markets had returned to some level of normalcy. Especially food items and energy.

Now these bastards are using taxpayer Trillions to goose up all these basic living essential markets. Stealing from the average taxpayer and then taxing him again by running up prices on basic necessities by sheer speculation.

If I knew I could get away with it, I'd walk in and hang each and every one of them with their expensive taxpayer funded ties. Same goes for their apologists on here.
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Nice Parting gift from Hank Paulson.
 
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