[kj] Latest Blog Post from Youth:

[sade1]

> A number of US banks were in severe trouble. A number of them weren't. 


   Great call. That is important to keep in mind how The Man forced so many banks to take TARP in order to mask to weak banks. 
   But, in an indirect way, they all needed the TARP, because if even a few of the weakened banks would've started dropping, then even the strong banks who didn't need the TARP cash still would've fallen under the stampede and the entire financial system would've imploded (recall the panic when Lehman Bros. folded?).
   An example is Goldman who received more TARP $$ than people think (an extra $13billion) because they also received huge insurance payoffs from AIG - which had to use TARP money to cover its debts.

Again, where do I sign up?



 
... ... ... ... ... ... 

[looking at the current state of things..]
 
'Who has the fun.. 
  ..is it always a man with a gun...? 
    Someone must have told him if you work too hard... you can sweat" 




________________________________
From: nicholas fitzpatrick <gasw30 at hotmail.com>
To: gathering at misera.net
Sent: Thu, March 11, 2010 1:32:44 AM
Subject: Re: [kj] Latest Blog Post from Youth:



>>>>>As I remember it, American taxpayers forked out hundreds of billions to keep JPMorgan, Goldman, and other big Wall Street banks afloat through most of 2009. Had we not done so, Dimon, Blankfein, and most other top executives on Wall Street would not have earned a dime last year.


It's not quite like that, at least as I understand it.

A number of US banks were in severe trouble. A number of them weren't. However, the US government wanted to mask the ones that were in trouble by forcing all US banks to take TARP (bail-out money) even if they didn't need it. This was to maintain confidence overall in the market.

Goldmans and JP Morgan, I believe, were among the ones that didn't need it. Goldmans lost relatively little in the sub-prime crash and has been very profitable since. JP Morgan was strong enough to acquire Bear Sterns, albeit at a low share price. These banks have been quick to point out that they paid back the TARP promptly.

Correct me if I'm wrong but I think this is the case. 

 


________________________________

From: folk.devil at hotmail.com
To: gathering at misera.net
Date: Mon, 8 Mar 2010 13:23:21 -0800
Subject: Re: [kj] Latest Blog Post from Youth:

Nice linkage :)
 
"In the midst of this paralysis, the President was asked about the giant pay packages of Jamie Dimon, CEO of JP Morgan Chase & Co. ($17 mullion for 2009) and Lloyd Blankfein, CEO of Goldman Sachs ($9 million). "First of all, I know both those guys," Obama said. "They're very savvy businessmen. And I, like most of the American people, don't begrudge people success or wealth. That's part of the free market system."
Free market system? As I remember it, American taxpayers forked out hundreds of billions to keep JPMorgan, Goldman, and other big Wall Street banks afloat through most of 2009. Had we not done so, Dimon, Blankfein, and most other top executives on Wall Street would not have earned a dime last year. In fact, some would be out on the street, reather than sitting pretty on the Street."
 
Can I have a refund? People really do have short memories...or are just too dumb to know what actually happened...
 
http://www.youtube.com/watch?v=fK86BNhjDxI
 
Now, back to the Bilderbergs....s'all business as usual.
 

________________________________

Date: Mon, 8 Mar 2010 13:03:39 -0800
From: saulomar1 at yahoo.com
To: gathering at misera.net
Subject: Re: [kj] Latest Blog Post from Youth:
There are Jerry Garcia and the Grateful Dead(heads), 
and there are the Beautiful Dead. Who also need their own flavor of ice cream.
 
a joke: 
Okay, so there was once a rich guy* who stole from and otherwise managed to financially break most everyone in the village. When the mayor was asked what he thought about that, the mayor answers thus, "Yeah; hey, firstly, I know the guy - and he is smart; shrewd. I am sure the villagers will not begrudge him his money that he makes; I know I don't. I mean, c'mon, it's 'bizniss.'  Wass'amattuh wi' you?" (2nd paragraph)
 
* http://www.youtube.com/watch?v=ZzZIRMXcxRc
    (yeah,iluvthisvid)
 
... ... ... ... ... ... 

[looking at the current state of things..]
 
'Who has the fun.. 
  ..is it always a man with a gun...? 
    Someone must have told him if you work too hard... you can sweat" 
 
 

________________________________

From:folk devil <folk.devil at hotmail.com>
To: gathering at misera.net
Sent: Mon, March 8, 2010 11:37:14 AM
Subject: Re: [kj] Latest Blog Post from Youth:

Revolt?
 
If you can pull them all away from their Oprah and Big Macs...
 

________________________________

Date: Mon, 8 Mar 2010 11:35:25 -0800
From: saulomar1 at yahoo.com
To: gathering at misera.net
Subject: Re: [kj] Latest Blog Post from Youth:

> ..that the new American president is every bit the fascist his predecessor was.  

 
    So what can the people do now? 

 
... ... ... ... ... ... 

[looking at the current state of things..]
 
'Who has the fun.. 
  ..is it always a man with a gun...? 
    Someone must have told him if you work too hard... you can sweat" 
 

 
 

________________________________

Hotmail: Free, trusted and rich email service. Get it now. 
 

________________________________

Hotmail: Free, trusted and rich email service. Get it now. 

________________________________

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