10/9/08 - FSME Denninger Special Report - IT'S HERE!, page 21
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ATS Members have flagged this thread 88 times


reply posted on 12-10-2008 @ 06:54 AM by Relentless
reply to post by The_Modulus


More bleeding, we don't have the money (you and I - the taxpayer) for any more of their bailouts.

Why they don't admit what's going on is because then they would have to answer for the fact that they knew it all along (aside from the fact that they have all been bought and paid for).

That was my opinion folks - just to clarify.


reply posted on 12-10-2008 @ 07:02 AM by The_Modulus
reply to post by Relentless


Aah, sorry, I completely misread what I was trying to quote. I skimmed through the article and thought Paulson wanted to investigate, rather than invest

Still my question remains, why is it that not one single nation has called it as it is? Surely these vested interest groups could not have 'gotten to' everyone?


reply posted on 12-10-2008 @ 07:45 AM by Relentless
reply to post by The_Modulus


LOL - Freudian wishfull thinking. They did however announce investigations right after passing the Bailout. As if that isn't a crock, cause they all knew what was going on.

The other countries knew and just took advantage of the good times while they were rolling, now they are screwed. It's the US that HAS to come clean, and we can only speculate as to why they won't at this point, but it probably has a lot to do with how intertwined they are personally in the entire mess.


reply posted on 12-10-2008 @ 12:00 PM by LowLevelMason
reply to post by Relentless


Right, in other words "all those who disagree with me will be ignored, because the facts don't matter."

The thread is wrong. The thread has been wrong. I'm quoting from economists who have been right about this for quite some time - now, are you going to provide data to dispute them or continue with the "sky is falling" hysteria and ignore anyone who presents facts to the contrary?


reply posted on 12-10-2008 @ 12:04 PM by Rockpuck
reply to post by LowLevelMason


In what way do you feel the information provided is in fact false? Economics is a science of inaccuracies and questimations.. there is no solid "this will happen" .. from either side, it is quite literally impossible to be right all the time..

But go ahead and present your information .. I don't think anyone here will completely ignore you .. though I would not expect many to agree with you either.


reply posted on 12-10-2008 @ 02:50 PM by anachryon
A Sunday night takeover....and it's HUGE.

HBOS and RBS 'to be nationalised' in £50 billion state intervention
In a move which fundamentally changes the nature of banking, Gordon Brown decided the Government had no choice but to take a majority shareholding in both banks after he discovered they were far more vulnerable than had previously been thought.


Lloyds was looking to take over HBOS (okay, Gordon Brown was trying to force them to do so), but that deal fell through today. HBOS is the largest mortgage lender in the UK.
RBS - the Royal Bank of Scotland - nearly 300 years of history will be taken over by the British government. RBS is the largest bank in Scotland and the second largest in the UK.


reply posted on 12-10-2008 @ 03:27 PM by Rockpuck
reply to post by anachryon


We have seen banking consolidation before,
But never has it been consolidated by Governments.. If the Government get's in the business of banking, which turns a huge profit, the laws will no longer be worked out to protect the individual but rather the baking entities and thus the government being attached the banking industry as well. For the little guy, this is concerning to watch.. I will now be paying my high interest rate loans and credit card debts to the Government, and not to the greedy banker.. then again, I guess now there is no discerning the difference between the two?


reply posted on 12-10-2008 @ 03:37 PM by The_Modulus
reply to post by Rockpuck


Unless of course you have a transparent government which is itself accountable to the people.

I doubt it can get an worse; government is supposed to mediate the will of the people, as it stands we have to plea with them to investigate these banks, if government directly owns them, you just cut out the middle man of accountability.



reply posted on 12-10-2008 @ 03:42 PM by Relentless
Originally posted by LowLevelMason
reply to post by Relentless


Right, in other words "all those who disagree with me will be ignored, because the facts don't matter."

The thread is wrong. The thread has been wrong. I'm quoting from economists who have been right about this for quite some time - now, are you going to provide data to dispute them or continue with the "sky is falling" hysteria and ignore anyone who presents facts to the contrary?


Hmmm, I didn't ignore you, seriously where are you that things are so wonderful, I'm in the market for a relocation myself.

The data to dispute is all over this board AND all over the news. For every one or two of your experts I'm seeing plenty that disagree. Believe who you want. The financial news has been nothing but crisis talk all weekend.

I'd love to pit KD against your "economists" any day, he'd do it too, and he'd blow them out of the water, because their are a lot more backing him at this point.

BTW - the article you posted basically says Paulson and Bernake will save the day????? Are they kidding? I have to go find the list of lies they've told. Really, that article is such calm down joke on the public, it's laughable. Give us your money and we'll fix everything for you? I've given enough and it's still broken. We've all already given them so much, we, our children and our grandchildren are on the hook.

[edit on 10/12/2008 by Relentless]


reply posted on 12-10-2008 @ 03:55 PM by waterdoctor
reply to post by Relentless


I have been reading all the posts here and from what I can gather the critical issue at this time is credit lines inside the country and letters of credit for international trade. If this correct? If so what effect if any will the nationalization of banks effect this? At this time so much of the US infrastructure is dependent on off shore materials, valves, boiler tube, castings, that long delays in shipments will have a very bad effect on us being able to keep the lights on. Any input would be helpful. By the way you are doing a great job. WD


reply posted on 12-10-2008 @ 04:00 PM by anachryon
AP
A draft declaration by euro-zone leaders says their governments plan to temporarily guarantee future loans among private banks to unlock frozen credit markets.

The declaration says the governments would guarantee "for an interim period and on appropriate commercial terms" new interbank loans between private institutions for the next five years.

The statement obtained by The Associated Press says "this scheme would be limited in amount, temporary and will be applied under close scrutiny of financial authorities until Dec. 31, 2009."


It looks like the countries using the Euro currency will be guaranteeing bank-to-bank lending in what looks like a last-ditch attempt to free up frozen credit.


reply posted on 12-10-2008 @ 04:06 PM by Ismail
reply to post by anachryon


Well just because the EU goverments are taking extreme measures to fix the situation, this does not prove that the situation is dire at all. In fact it proves that everything is OK, and that there is no problem at all. Stop fear mongering. (this post is to be read with a large spoonfull of irony).
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