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The "up-to-the-minute Market Data" thread

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posted on Mar, 24 2009 @ 09:53 AM
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reply to post by Hastobemoretolife
 


Good analogy.


The Real Cause of the Enron Collapse:

www.nationalinvestor.com...

"Pure and simple, Enron’s demise was an example of what happens when a company that shouldn’t have done it in the first place plays the excesses of a fractional reserve system to excess. And lots of Wall Street concerns were happy to create this financial skyscraper of cards for the company, as they each undoubtedly reaped hefty fees as a reward."


"In all of this, though, a few key truths will unfortunately be lost, or swept under the rug. The biggest of these truths is that Enron’s very character and growth as a company, which took on frighteningly speculative attributes over the last few years, was made possible chiefly by the Federal Reserve and our fractional reserve banking system. In fact, the nature of this system virtually required Enron to do much of what it did"

"That’s quite right, folks--Enron was the big vehicle whereby these Wall Street firms pumped, and pumped, and pumped--but couldn’t dump. They were finally dumped on due to the sheer magnitude and unsustainability of the financial pyramid that Enron became. The important thing to understand, amidst all the hand-wringing, finger pointing and the rest in Washington is that this type of speculation--and subsequent debacle--is what a fractional reserve system creates."

Sound Familiar???




posted on Mar, 24 2009 @ 10:08 AM
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Upcoming Treasury Auctions - will try to post results as they become available

3/24/09

01:00 PM 4 WK (28 DAY) BILL $35 BILLION

01:00 PM 2 YR $40 BILLION

3/25/09

01:00 PM 5 YR $34 BILLION

3/26/09

01:00 PM 7 YR $24 BILLION



posted on Mar, 24 2009 @ 10:09 AM
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reply to post by irishchic
 


Sounds like our financial sector. The CDS market just got pumped and pumped and pumped, and now they are trying to dump it.

The only answer these bozo's seem to be able to come up with is, "spend more money, give us more power."

It really isn't a good situation we are in, if we the people don't do something soon all is going to be lost.



posted on Mar, 24 2009 @ 10:11 AM
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Felix Salmon opines on The Geithner Plan: How the Public can Gain

One further thought about the Geithner bailout plan: a lot of relatively small and new public-private investment partnerships are going to be issuing debt with an FDIC wrap. In pratice, that's likely to mean bonds with no credit risk but with a large illiquidity premium. If you're a risk-averse retail investor who doesn't want to take credit risk but who's also scared of the Treasury bubble, this could be a sensible investment. You get none of the upside, none of the downside, and a large part of the implicit subsidy. It's just a pity that it's so hard for retail investors to buy bonds in the US.


[edit on 24-3-2009 by theWCH]



posted on Mar, 24 2009 @ 10:16 AM
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reply to post by theWCH
 


That's it? That's all he says? Yeah I am sure he know what he's talking about




NOT!



posted on Mar, 24 2009 @ 10:32 AM
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****** Great!!!!!!!!!!!!

Both Timmy the Tax Cheat and Berneke support going to a Global Currency!




posted on Mar, 24 2009 @ 10:35 AM
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reply to post by redhatty
 


Yeah, that was my thought too!


Just threw it out here in case anybody was interested.



posted on Mar, 24 2009 @ 10:38 AM
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Originally posted by Hastobemoretolife
****** Great!!!!!!!!!!!!

Both Timmy the Tax Cheat and Berneke support going to a Global Currency!



Yup. I was amazed that they both said yes quickly, though Bernanke seemed irritated at the question. I am glad one of these bozos asked the question. Kudos to her.



posted on Mar, 24 2009 @ 10:42 AM
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reply to post by RetinoidReceptor
 


Now we know why the are pushing for all this new power. They want complete and total control over our budget, taxes, money, and monetary policy. They already have the last two. This is BS, really P.O'd me.

You are right though I'm glad somebody asked the question. You can tell these bozo's in congress don't even understand what they hell TG and BB are even talking about.

Its like they have a list of question they memorized to ask them.



posted on Mar, 24 2009 @ 10:45 AM
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Originally posted by Hastobemoretolife
reply to post by RetinoidReceptor
 


Now we know why the are pushing for all this new power. They want complete and total control over our budget, taxes, money, and monetary policy. They already have the last two. This is BS, really P.O'd me.

You are right though I'm glad somebody asked the question. You can tell these bozo's in congress don't even understand what they hell TG and BB are even talking about.

Its like they have a list of question they memorized to ask them.


She also asked about the constitution. I hope they will be before the House Committee so Ron Paul can question them. THIS is much more pertinent than AIG bonuses. They are destroying the dollar and agree with a new global reserve currency! Doesn't this matter more?



posted on Mar, 24 2009 @ 10:46 AM
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reply to post by Hastobemoretolife
 


/tinfoil on

and through the takeover of MBS and opening them up to sell them, they will now have ownership of foreclosed properties, opening the door to more socialism via socialized housing

/tinfoil off

Pay close attention everyone, we are watching the USA turn into the USSA right before our eyes

[edit on 3/24/09 by redhatty]



posted on Mar, 24 2009 @ 10:50 AM
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Actually we may have misunderstood. I think she asked if they would categorically refuse and they said yes. Any thoughts? I was just thinking.



posted on Mar, 24 2009 @ 10:51 AM
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reply to post by redhatty
 


Yep, not only will the government own all this property and houses, but then they can also set stipulations if you take up an offer to move into one of there subsidized houses.

All the pieces are starting to fall into place. It is also moving along at a rapid pace.



posted on Mar, 24 2009 @ 10:55 AM
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reply to post by Hastobemoretolife
 


and don't forget the car companies too - a car in every subsidized driveway

this makes me so sick

Wonder if people actually knew what kind of "change" they voted for - and wonder if they are starting to realize it now

[edit on 3/24/09 by redhatty]



posted on Mar, 24 2009 @ 11:01 AM
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Originally posted by RetinoidReceptor
Actually we may have misunderstood. I think she asked if they would categorically refuse and they said yes. Any thoughts? I was just thinking.


Good Hearing! You're right

2nd line



posted on Mar, 24 2009 @ 11:01 AM
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Let's make this clear. They never said they would agree with it. They said they wouldn't, albeit Bernanke was irritated and reluctant with the question. We know it will happen. But they said yes to 'Would you cateogrically refuse?' Just to make it clear as not spread misinformation.



posted on Mar, 24 2009 @ 11:10 AM
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reply to post by redhatty
 


That we are, it makes me sick also. The rate it is going one day we will wake up and we will officially be living in the USSA.

reply to post by RetinoidReceptor
 


Well that is a little bit better news, sounds like BB wants to move to it, but supporting a global currency while asking for more power might be a little much.



posted on Mar, 24 2009 @ 11:17 AM
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www.marketwatch.com...

BOA shares fall 7% as Two Merrill Men Exit.

WHO can KEEP UP???



posted on Mar, 24 2009 @ 11:21 AM
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I'm disappointed by Ron Paul's question. I wish he talked about the dollar more.



posted on Mar, 24 2009 @ 11:23 AM
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Originally posted by irishchic
www.marketwatch.com...

BOA shares fall 7% as Two Merrill Men Exit.

WHO can KEEP UP???


It is only down like 1% now. Right now the short term market is a bunch of BS. Banks are being held up by enthusiastic traders who have weak hands that will be shaken out if there is bad news.




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