The coming financial crisis

Started by Butchers Bill, August 09, 2007, 05:05:33 PM

Previous topic - Next topic
Print
Go Down Pages 1 ... 77 78 79 80 81 ... 107
User actions

Seabiscuit36

#1170
March 06, 2009, 08:04:37 AM
So the FDIC might become insolvent.  Time for a RUN
"For all the civic slurs, for all the unsavory things said of the Philadelphia fans, also say this: They could teach loyalty to a dog. Their capacity for pain is without limit." -Bill Lyons

PoopyfaceMcGee

#1171
March 06, 2009, 08:09:18 AM

rjs246

#1172
March 06, 2009, 08:32:22 AM
Is rjs gonna have to choke a bitch?

Let them eat bootstraps.

Diomedes

#1173
March 06, 2009, 08:42:54 AM
Seems like a reasonable criticism to me.
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

rjs246

#1174
March 06, 2009, 08:59:32 AM
Indubitably.
Is rjs gonna have to choke a bitch?

Let them eat bootstraps.

Diomedes

#1175
March 06, 2009, 09:03:16 AM
What is the argument for using these accounting rules?
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

rjs246

#1176
March 06, 2009, 09:50:25 AM
A I understand it, mark-to-market improves the perception of transparency by forcing a constant value be assigned to assets.

The original short-sell rule was in place to curb, but not eliminate, short selling which can drive public companies into insolvency very quickly. It was removed because short-selling is a tool that many traders use to make fast money on sinking stocks. Naked short selling, where the trader doesn't even own the stocks that they are selling, can easily compound legit problems by artificially driving a company's price even lower than the market would normally dictate, which is why Forbes argues that the original rule should be put back into place.
Is rjs gonna have to choke a bitch?

Let them eat bootstraps.

rjs246

#1177
March 08, 2009, 12:37:43 PM
Is rjs gonna have to choke a bitch?

Let them eat bootstraps.

Butchers Bill

#1178
March 08, 2009, 03:47:21 PM
Quote from: Diomedes on March 06, 2009, 09:03:16 AM
What is the argument for using these accounting rules?

Mark to market is great when you have a commonly traded, easily valued asset such as a US Treasury, or even a exchange traded stock like GM, GE, Microsoft, etc.

The problem is a lot of these banks were using mark to market on things that either couldn't be valued (financial derivatives) or had questionable values (CDO's, CMO,s, CMBS, etc.)  The overall purpose of MtM is transparency but with all the crap that has been created over the last 20 or so years, it became a vehicle for fraud.
I believe I've passed the age of consciousness and righteous rage
I found that just surviving was a noble fight.
I once believed in causes too,
I had my pointless point of view,
And life went on no matter who was wrong or right.

PoopyfaceMcGee

#1179
March 09, 2009, 09:09:08 AM

ATV

#1180
March 09, 2009, 01:56:15 PM
QuoteJim Cramer hits back

Nobody cares.

By the way, don't move your money from Bear.

Diomedes

#1181
March 09, 2009, 05:43:03 PM
What an ass
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists." - Yosemite Park Ranger

Munson

#1182
March 10, 2009, 01:25:44 AM
Stewart destroyed Cramer for his response tonight.
Quote from: ice grillin you on April 01, 2008, 05:10:48 PM
perhaps you could explain sd's reasons for "disliking" it as well since you seem to be so in tune with other peoples minds

ice grillin you

#1183
March 10, 2009, 08:31:11 AM
daily show has been killing it the last few weeks...i was a little worried they would lose their edge when the criminal organization that was the bush admin left office but hes as good as ever...and as much as he has buried cramer for good if you wanna the real in depth story on cramer and his corrupt ilk check this very long but excelelnt read

http://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/
i can take a phrase thats rarely heard...flip it....now its a daily word

igy gettin it done like warrick

im the board pharmacist....always one step above yous

PoopyfaceMcGee

#1184
March 10, 2009, 09:20:27 AM
Print
Go Up Pages 1 ... 77 78 79 80 81 ... 107
User actions