Headlines...
- Thread starter effenheimer_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
IR2 has the memory of... something... what's it called again? Nevermind, the fact that he remembers anything from more than 2 days ago says something. I bet he even has searched the archives of the old days of IHB. So... where is NIR these days anyway? I do miss her.
LOL!
Ratings Methodology:
Hey everyone! It’s me, Melissa Moody…not that other Moody’s you have been reading about. Actually that’s why I’m here I’m just so sick and tired of that other Moody! Their ratings stink, and they don’t know nearly as much as I do about debt, it’s true, I’m maxed out on 4 out of 7 credit cards I know I have a problem but I just can’t stop,ha ha. I can do a better job than Moody’s and that is what I’m gonna do! And let’s face it, their old ratings were too complicated. I mean Aa3, Baa1, Caa2, B1 who knows what that means? My ratings will be simple:
- BFFAE (Best Friends Forever and Ever)
- BFF
- BFFLAF (Best Friends For Like Almost Forever)
- BFFBAS (Best Friends Forever But Also a Slut)
- BFFBIHH (Best Friends Forever But I Hate Her)
- Whore
I will not choke you, your presence is vital to this forum! But his words of the Fed having an infinite balance sheet keeps haunting me. What does he mean by that? Their money supply is never ending? So they are bailing all the big boys on Wall St? (Sorry for being a dumdum, I am still very green :-S in many ways as regards to the economy. But please ask me anything about baking cakes and cookies, ;-) )
The FED doesn't have an infinite balance sheet. If they try to use it like it, the end result is Argentina.
The FED does have an infinite balance sheet. And, the end result is Argentina. What do you mean try? They are using it. They just created between $170 billion and $250 billion in the last four days. They are about to create a few trillion to buy OTC derivatives from financial institutions.
The Fed creates money. Where do you think a Federal Reserve Note comes from? What do you think the limits are to the amount of currency the Fed can create? Yes, there are consequences, but that does not mean they do not have the ability or that they are not using that ability.
EvaLSeraphim_IHB
New member
IrvineRealtor_IHB
New member
graphrix_IHB
New member
IrvineRealtor said:
IR2 has the memory of... something... what's it called again? Nevermind, the fact that he remembers anything from more than 2 days ago says something. I bet he even has searched the archives of the old days of IHB. So... where is NIR these days anyway? I do miss her.
awgee_IHB
New member
Sen. Jim Bunning, R-Ky., describing himself as "outraged" by the Fed's assertiveness, sounded a similar theme: "The only difference between what the Fed did and what Hugo Chávez is doing in Venezuela is Chávez doesn't put taxpayer dollars at risk when he takes over companies. He just takes them."
profette_IHB
New member
Yikes!
effenheimer_IHB
New member
EvaLSeraphim said:
LOL!
Ratings Methodology:
Hey everyone! It’s me, Melissa Moody…not that other Moody’s you have been reading about. Actually that’s why I’m here I’m just so sick and tired of that other Moody! Their ratings stink, and they don’t know nearly as much as I do about debt, it’s true, I’m maxed out on 4 out of 7 credit cards I know I have a problem but I just can’t stop,ha ha. I can do a better job than Moody’s and that is what I’m gonna do! And let’s face it, their old ratings were too complicated. I mean Aa3, Baa1, Caa2, B1 who knows what that means? My ratings will be simple:
- BFFAE (Best Friends Forever and Ever)
- BFF
- BFFLAF (Best Friends For Like Almost Forever)
- BFFBAS (Best Friends Forever But Also a Slut)
- BFFBIHH (Best Friends Forever But I Hate Her)
- Whore
AllisonC_IHB
New member
awgee said:
I will not choke you, your presence is vital to this forum! But his words of the Fed having an infinite balance sheet keeps haunting me. What does he mean by that? Their money supply is never ending? So they are bailing all the big boys on Wall St? (Sorry for being a dumdum, I am still very green :-S in many ways as regards to the economy. But please ask me anything about baking cakes and cookies, ;-) )
ConsiderAgain_IHB
New member
The SEC has temporarily banned short selling of 800 financial stocks. Whoa
EvaLSeraphim_IHB
New member
This headline contains four words you never want to see in the same sentence: "government," "rushing," "huge," and "plan."
While I obviously don't have all the information, this action feels premature to me. Any plan should also include a requirement that the current and former senior managers of each participating entity to pay to the US Treasury an amount equal to their bonuses received from the participating entity in the last four years. Sadly, I suspect that everyone who votes on it won't even have read the bill from cover to cover. :-S
Since it has all the appearances of a fait accompli, the questions becomes, "How can I profit from this?" If anyone finds the text of the bill online, could you please post a link? This was always a good reference, but I don't know how fast they are.
While I obviously don't have all the information, this action feels premature to me. Any plan should also include a requirement that the current and former senior managers of each participating entity to pay to the US Treasury an amount equal to their bonuses received from the participating entity in the last four years. Sadly, I suspect that everyone who votes on it won't even have read the bill from cover to cover. :-S
Since it has all the appearances of a fait accompli, the questions becomes, "How can I profit from this?" If anyone finds the text of the bill online, could you please post a link? This was always a good reference, but I don't know how fast they are.
No_Such_Reality_IHB
New member
Allison C. said:
The FED doesn't have an infinite balance sheet. If they try to use it like it, the end result is Argentina.
awgee_IHB
New member
No_Such_Reality said:Allison C. said:
The FED doesn't have an infinite balance sheet. If they try to use it like it, the end result is Argentina.
The FED does have an infinite balance sheet. And, the end result is Argentina. What do you mean try? They are using it. They just created between $170 billion and $250 billion in the last four days. They are about to create a few trillion to buy OTC derivatives from financial institutions.
The Fed creates money. Where do you think a Federal Reserve Note comes from? What do you think the limits are to the amount of currency the Fed can create? Yes, there are consequences, but that does not mean they do not have the ability or that they are not using that ability.
No_Such_Reality_IHB
New member
Hey, were on the same page. If the FED continues the infinite balance sheet, our future is Argentina.
If they use it enough, nobody will buy the bonds they print. That's when they find out where the universe ends...
If they use it enough, nobody will buy the bonds they print. That's when they find out where the universe ends...
muzie_IHB
New member
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_U/threadview?m=tm&bn=58157&tid=112937&mid=112937&tof=5&frt=2
=DJ SEC Urged To Suspend Redemption Rights On 2 Reserve Funds
.
DOW JONES NEWSWIRES
Securities and Exchange Commission staff will recommend that the agency suspend all rights of redemption from two of the Reserve Fund's money-market funds to allow an orderly liquidation of their securities.
The Reserve Fund asked the SEC to suspend those rights from its Primary Fund and U.S. Government Fund to protect each fund's shareholders. It also asked the SEC to postpone the date of payment of redemption proceeds for longer than seven days after the tender of shares for redemption.
Both funds had "unprecedented requests for redemptions" after Lehman Brothers Holdings Inc.'s (LEHMQ) bankruptcy filing Monday amid extreme turmoil in the financial markets, the Reserve Fund said. The Primary Fund "broke the buck" as a result, the first time since 1994 that a money-market fund's net asset value dipped below the $1-a-share level.
...
In 1994, the U.S. Government Money Market Fund, operated by Community Bankers Mutual Fund, fell below a $1 per share net asset value and was liquidated due to losses in adjustable-rate derivative securities. "
This mean money is completely draining away from the markets. People are pulling out their money from market funds and putting in T-bills, which is pretty much the ONLY place left where you are guaranteed to not lose any money. Money markets can lose money, bank accounts can be iffy once the FDIC runs out, stocks, commodities lose money. T-bills are the only 100% guaranteed return of capital.
Which is why the treasury yield is near zero.
=DJ SEC Urged To Suspend Redemption Rights On 2 Reserve Funds
.
DOW JONES NEWSWIRES
Securities and Exchange Commission staff will recommend that the agency suspend all rights of redemption from two of the Reserve Fund's money-market funds to allow an orderly liquidation of their securities.
The Reserve Fund asked the SEC to suspend those rights from its Primary Fund and U.S. Government Fund to protect each fund's shareholders. It also asked the SEC to postpone the date of payment of redemption proceeds for longer than seven days after the tender of shares for redemption.
Both funds had "unprecedented requests for redemptions" after Lehman Brothers Holdings Inc.'s (LEHMQ) bankruptcy filing Monday amid extreme turmoil in the financial markets, the Reserve Fund said. The Primary Fund "broke the buck" as a result, the first time since 1994 that a money-market fund's net asset value dipped below the $1-a-share level.
...
In 1994, the U.S. Government Money Market Fund, operated by Community Bankers Mutual Fund, fell below a $1 per share net asset value and was liquidated due to losses in adjustable-rate derivative securities. "
This mean money is completely draining away from the markets. People are pulling out their money from market funds and putting in T-bills, which is pretty much the ONLY place left where you are guaranteed to not lose any money. Money markets can lose money, bank accounts can be iffy once the FDIC runs out, stocks, commodities lose money. T-bills are the only 100% guaranteed return of capital.
Which is why the treasury yield is near zero.
Thankful_Renter_IHB
New member
Foreclosures’ slice of home sales soars 5-fold
Not really "news" to those visiting the IHB, but it's nice to know the MSM is getting the word out.
Not really "news" to those visiting the IHB, but it's nice to know the MSM is getting the word out.
Anonymous_IHB
New member
Interesting take on the European banks...
The mother of all bailouts
http://www.economist.com/blogs/freeexchange/2008/09/the_mother_of_all_bailouts.cfm
The mother of all bailouts
http://www.economist.com/blogs/freeexchange/2008/09/the_mother_of_all_bailouts.cfm
Anonymous_IHB
New member
http://www.msnbc.msn.com/id/26835745
WASHINGTON - Judges could rewrite mortgages to lower bankrupt homeowners’ monthly payments as part of changes congressional Democrats are seeking in the Bush administration’s propoed $700 billion financial system bailout.
WASHINGTON - Judges could rewrite mortgages to lower bankrupt homeowners’ monthly payments as part of changes congressional Democrats are seeking in the Bush administration’s propoed $700 billion financial system bailout.