The gathering place for a merry band of Three Percenters. (As denounced by Bill Clinton on CNN!)
Primary dealers, of which several or all sit on the "secret" FRB Board. I consider them guilty of Treason, and in need of a proper trial before Congress. Here's the list from the FRB site:BNP Paribas Securities Corp.Barclays Capital Inc.Cantor Fitzgerald & Co.Citigroup Global Markets Inc.Credit Suisse Securities (USA) LLCDaiwa Capital Markets America Inc.Deutsche Bank Securities Inc.Goldman, Sachs & Co.HSBC Securities (USA) Inc.Jefferies & Company, Inc.J.P. Morgan Securities LLCMerrill Lynch, Pierce, Fenner & Smith IncorporatedMizuho Securities USA Inc.Morgan Stanley & Co. IncorporatedNomura Securities International, Inc.RBC Capital Markets, LLCRBS Securities Inc.UBS Securities LLC. Since a trial could take a long time, how about marking their assets at actual market value and closing the banks that are bankrupt (so investors can get their 12 cents back after fines and liquidation). No worry about banks, new ones will appear out of thin air, without any previous staff, who will have been banned from financial services for life (some will be serving life while their wives and children get used to the new "dad" and visiting old daddy upstate). The quick way is rope, but upholding the Rule of Law is important. Cheers.
To Paraphrase Pete At WRSA: - We're Fucked - There's Gonna Be A Fight - Let's WIN!
I don't understand all this financial stuff, but I know not to expect justice from a political system in which a candidate for governor was able to spend $154 MILLION of HER OWN MONEY on her campaign. Sounds like a Bloomberg to me. My wife, bless her, at age 60, finally wonders "Why would someone who's filthy stinking rich want to spend so much to get a job that pays $150,000?" "Power," I answer. "When you have everything else and it's not enough, the ability to push people around is all that's left." "Yeah. I guess so."
You've likely all seen this already, but if not...http://www.youtube.com/watch?v=OTSQozWP-rM&feature=player_embedded
Tyler Durden has misread the significance of Bernanke's offer. This is not a "hat in hand" plea; it is a quid pro quo demand. The Fed absorbed $1 Trillion in damaged mortgage securities from the banks, accepting them at par in exchange for liquid Treasuries.Accounting rules governing "mark-to-market" guidelines were subsequently deferred, so as to allow sufficient time for the value of tier III assets held by Upper Manhattan bankers to be buoyed by inflation.Bernanke failed to ignite this hoped-for inflation. Now, he will doubled down on his failure by purchasing more US government debt, i.e., through "quantitative easing." However, he walks a tightrope. He wants to generate a targeted rate of 2% inflation but he does not want to panic the bond market through too much direct Fed intervention, which could spike up interest rates and stall out the recovery. So, he will make the bond dealers an offer they can't refuse: sop up all debt the Fed can't readily absorb or suffer a bond market collapse when inflation gets out of control.MALTHUS
Abused and Betrayed by politicians, government employees and a genuflecting media, with communists infiltrated throughout and more of them waiting in the wings...Just lovely.
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