Just in, this will bail out China, London, and other Foreign Banks

[Kimmons]

Senator Sherman "the bill is very clear, assets now held in China and London can be sold to the us on Monday and then sold to the treasury on Tuesday...hundreds of billions of dollars are going to bailout foreign investors, they know it, they've demanded it and the bill has been carefully written to make sure that can happen"

1:46 seconds into video...CNBC.

http://www.youtube.com/watch?v=GqIFoBXGizc

Folks, this is it...do something! :mad:

---

Call them for you kids.

For Floridians....

http://www.senate.gov/general/contac...m.cfm?State=FL

Everyone else....
http://www.senate.gov/

If the phone's busy send e-mail, send a fax, bang on their door!

[phirang]

Re: Just in, this will bail out China, London, and other Foreign Banks

Senator Sherman "the bill is very clear, assets now held in China and London can be sold to the us on Monday and then sold to the treasury on Tuesday...hundreds of billions of dollars are going to bailout foreign investors, they know it, they've demanded it and the bill has been carefully written to make sure that can happen"

1:46 seconds into video...CNBC.

http://www.youtube.com/watch?v=GqIFoBXGizc

Folks, this is it...do something! :mad:

---

Call them for you kids.

For Floridians....

http://www.senate.gov/general/contac...m.cfm?State=FL

Everyone else....
http://www.senate.gov/

If the phone's busy send e-mail, send a fax, bang on their door!

There's apparently an inverse relationship between activism and understanding... please learn something about trade.

[Tulpen]

Re: Just in, this will bail out China, London, and other Foreign Banks

There's apparently an inverse relationship between activism and understanding... please learn something about trade.

Fact of the matter is that if someone is lending money there is always a chance the counter party defaults. Why do you call it a "lack of understanding" if people do not want the taxpayer to cover such defaults?

[phirang]

Re: Just in, this will bail out China, London, and other Foreign Banks

Fact of the matter is that if someone is lending money there is always a chance the counter party defaults. Why do you call it a "lack of understanding" if people do not want the taxpayer to cover such defaults?

Because taxpayers aren't going to pay for this!!! This isn't an expense: it's a holding company, a shell. Once we get lending again, the NAV of these products will increase. Anyway, more SWF's(ahem GCC ahem) will pour money into the underlying assets (RE and other crap). The US gov attacks liquidity of assets, SWF's pour money(upon passage of bill) into US RE, then PE money follows (once duly repatriated sans taxes), and voila, NAV of assets crap increases.

Remember GSE spreads before FNM bailout and after? It was one of gross' few good calls this year.

[Kimmons]

Re: Just in, this will bail out China, London, and other Foreign Banks

Phirang,

Interesting comment.

It it your understanding that most US citizens know we will be buying bad debt from foreign countries as well?

[phirang]

Re: Just in, this will bail out China, London, and other Foreign Banks

Phirang,

Interesting comment.

It it your understanding that most US citizens know we will be buying bad debt from foreign countries as well?

WHO CARES: the USD is the reserve currency: this is why debts don't matter!!! For that 1 of money china paid us for that worthless paper, we're buying it back for, what, $0.2? $0.3? We're not even factoring in a discount rate! That's called profit, my friend!

We export PAPER and get HARD ASSETS in return. Our "allies" and trading partners finance our military and our excesses. Pretty good deal if you ask me.

Demagogues are exploiting the ignorance of the hoi polloi to win concessions and differentiate themselves from their colleagues. The only other plan that makes senses is an equity stake, but that'll be hell to get through.

[Tulpen]

Re: Just in, this will bail out China, London, and other Foreign Banks

Because taxpayers aren't going to pay for this!!! This isn't an expense: it's a holding company, a shell. Once we get lending again, the NAV of these products will increase.

Then why don't YOU invest your private money into it.

[phirang]

Re: Just in, this will bail out China, London, and other Foreign Banks

Then why don't YOU invest your private money into it.

Same reason why I won't buy GS: i can't get WB's terms.

[Tulpen]

Re: Just in, this will bail out China, London, and other Foreign Banks

Same reason why I won't buy GS: i can't get WB's terms.

Right, so you want taxpayers money on the line for an even worse deal.

[phirang]

Re: Just in, this will bail out China, London, and other Foreign Banks

Right, so you want taxpayers money on the line for an even worse deal.

It can work, whereas doing nothing means 20%+ unemployment.

[The Outback Oracle]

Re: Just in, this will bail out China, London, and other Foreign Banks

Hmmmmmmm and what happens if they decide they are sick of your stupid game?

Edit...sorry ignore that...it does not relate to the topic.

[Tulpen]

Re: Just in, this will bail out China, London, and other Foreign Banks

WHO CARES: the USD is the reserve currency: this is why debts don't matter!!! For that 1 of money china paid us for that worthless paper, we're buying it back for, what, $0.2? $0.3? We're not even factoring in a discount rate! That's called profit, my friend!

We export PAPER and get HARD ASSETS in return. Our "allies" and trading partners finance our military and our excesses. Pretty good deal if you ask me.

Demagogues are exploiting the ignorance of the hoi polloi to win concessions and differentiate themselves from their colleagues. The only other plan that makes senses is an equity stake, but that'll be hell to get through.

Do you consider yourself an honest and trustworthy business partner?

[Kimmons]

Re: Just in, this will bail out China, London, and other Foreign Banks

Because taxpayers aren't going to pay for this!!! . This isn't an expense:

as far as I know the government doesn’t have any money, it’s all our money. ..in fact we don’t have any money either, so we would have to borrow it…that seems like an expense to me, at the very least a liability. If what you’re saying is true, why don’t we just borrow enough to pay off the national debt, then we’ll be debt free, won't we? :confused:

WHO CARES: the USD is the reserve currency:

That may be the case now, can you verify that will be true 10, 40 or 80 years from now? This is why we are in trouble…short sightedness.

For that 1 of money china paid us for that worthless paper, we're buying it back for, what, $0.2? $0.3? We're not even factoring in a discount rate! That's called profit, my friend!

and you think this can go on forever? You don't think China realizes this. Good point on the worthless part so what happens when you keep making more and more of those worthless pieces of paper…you’re saying there is no cost? How do you explain away the decrease in purchasing power?

Don’t hardly know you yet, but you sound like a good candidate for the next Fed Chairman.

[sishya]

Re: Just in, this will bail out China, London, and other Foreign Banks

WHO CARES: the USD is the reserve currency: this is why debts don't matter!!! For that 1 of money china paid us for that worthless paper, we're buying it back for, what, $0.2? $0.3? We're not even factoring in a discount rate! That's called profit, my friend!

We export PAPER and get HARD ASSETS in return. Our "allies" and trading partners finance our military and our excesses. Pretty good deal if you ask me.

Demagogues are exploiting the ignorance of the hoi polloi to win concessions and differentiate themselves from their colleagues. The only other plan that makes senses is an equity stake, but that'll be hell to get through.

phirang,
Sounds like a neat Magic Trick. But can the Treasury really buy MBS for 0.2 for every dollar original worth of those ? Can we put some real oversight on those enforcement ? Will Paulson pay more for the MBS held by his wall street buddies. I want to know more. If the plan is as you described, heck we should all support it. Funny world - isn't it.

[Tulpen]

Re: Just in, this will bail out China, London, and other Foreign Banks

Because taxpayers aren't going to pay for this!!! This isn't an expense: it's a holding company, a shell. Once we get lending again, the NAV of these products will increase. Anyway, more SWF's(ahem GCC ahem) will pour money into the underlying assets (RE and other crap). The US gov attacks liquidity of assets, SWF's pour money(upon passage of bill) into US RE, then PE money follows (once duly repatriated sans taxes), and voila, NAV of assets crap increases.

Remember GSE spreads before FNM bailout and after? It was one of gross' few good calls this year.

5 Days ago you wrote:
"there's a massive liquidity crunch at the Fed, hence the need for taxpayer dollars to move dogshit from fed b.s. to a greater fool."

So now the dogshit is good for the taxpayer?

http://www.itulip.com/forums/showpos...80&postcount=1