FREAKING DOOMED! The red queen of CDO's - JP's Blythe Masters! The Wicked Witch of the west and "financial weapons of mass destruction" innovator!
mycrains.crainsnewyork.com
You mention Petite figures? Is that all it takes to be a gatekeeper to the most important parts of our capital system? My god I think you are right!! Just last week at a dinner with Jim Rogers he was telling me back in the old days on TV you saw lots of smart old guys with bowties controlling the gates, now it is blonde bimbo's with SEC cards, Becky Quicks on CNBC - Blythe Masters mini-me clones are everywhere - we must stop the spread of her agent smith copies!
The white knight is talking backwards!!
youtube.com
While Blythe may have been the match in the fireworks depot, many fellow greedy short sighted clones of Blythe globally allowed this credit monster to grow when several level headed wiser greybeards tried to sound the alarm for many years now. Hayek and Mises who?
PS. Blythe seems to represent everything I feel is wrong with the USA (and other places) and why we are in this financial mess. She blew up her family for her career (notice she is divorced with child), wanted to blaze her own trail and burn through the crusty old ways by passive older peers. Bogle has written papers warning when finance types talk of "financial innovation" you better hold on to your wallet. I can just see an older wiser Bogle type talking to a young Blythe in high school or college about her head strong ways being RISKY and after he leaves her she is turning to her girlfriend and saying - SNAP THAT! Who needs that silly old fool and his experience! Pathetic. Of course this could be a horrorfully inadequate generalization on my part - so lets look at some facts:
This guy wanted to keep Junk accounting going with SIV's to hide garbage from investors - in the spirit of Bogles soul of capitalism - I like transparency - I don't like WIZARD's of OZ types who don't let me look behind the curtain - Blythe seems to like this guy a lot - this makes me not trust her.
financialweek.com
Last year, he was part of a group that drafted a plan for a superfund designed to help banks avoid putting billions worth of dud mortgage-related assets on their books.
Mr. Ryan says he was happy at J.P. Morgan. But he was intrigued when Blythe Masters, a colleague at the bank and SIFMA chairman, called to see if he would run the trade group, which needs a firm hand at the helm as it grapples with its recent inception as a result of the merger between the Securities Industry Association and the Bond Market Association. In addition to all his other experience on Wall Street and in Washington, Mr. Ryan has endured the pain of mergers, surviving J.P. Morgan's combinations with Chase Manhattan and Bank One.
“Tim has the right mix of hands-on industry and product knowledge, a keen command of domestic and global public policy, and proven leadership skills,” Ms. Masters said.—
I must take issue with Ms. Masters when she says a guy that was gonna help crony capitalists and banks from showing losses to screw over me the little guy has PROVEN LEADERSHIP SKILLS!?!?! Wha?!? Who is the EVIL WOMAN Blythe Masters that has helped to foster CDO destruction on the kind souls of this planet?
youtube.com
Red Pill or Blue Pill NEO? Let's continue further down into Blythe's Rabbit Hole!
Jesus commands me to forgive - but it seems Blythe is not a repentent sinner - but wanting to spread her Devilish Destructive Derivative Demons further and hasn't learned her lesson - you can't serve 2 masters Blythe - you can't love money and the environment - and Blythe - that you want to securitize the environment so you can extract a fee for derivatives trading makes me wish warren buffet would show up in a WMD wet dream nightmare of yours and slap you silly about "financial innovation"
seattlepi.nwsource.com
The potential rewards are huge. New Energy Finance, a research firm, thinks the American market for carbon emissions could reach $1 trillion by 2020 if the front-runner among the several climate-change bills wins approval in Congress. Add in derivatives and it could be many times bigger, points out Blythe Masters of JPMorgan Chase.
Blythe, Gordon Gecko may have taught you GREED IS GOOD, but my bible taught me to come into god's temple and turn over your money changing table you evil wench! The road to hell is paved with good intention. I hope you Blythe don't get to sing that famous brittney song to the rest of the world, OOPS I fooled you again! Lets send this EVIL blonde broad red queen wannabe PACKING - TAR AND FEATHER BLYTHE MASTERS!!!
Mogambo take us out:
news.goldseek.com
Kids Go to Gold Camp
By: Richard Daughty, The Mogambo Guru - The Daily Reckoning
-- Posted Sunday, 30 March 2008 | Digg This Article | Source: GoldSeek.com
The wife and kids are all in an hysterical uproar because I keep buying gold and silver and not wasting it on them and their incessant demands for food, medical care and things that prove "a father's love", like any of that crap does me or our financial status any good at all.
But they are always whining about how things are costing more and more, and I tell them that if I am not going to buy these things for them, why in the hell do they care what they cost? And that, for some unexplained reason, sets them off again, whining, whining, whining.
But I guess it was to be expected, as Agora Financial's 5-Minute Forecast reported on a CNN/Opinion Research poll "showing that 'the rising rate of inflation' is Americans' No. 1 economic concern." In fact, it is almost everyone's No. 1 concern, as "Ninety-one percent of all folks polled by CNN listed the dollar's devaluation as their primary fiscal worry. Worry over the value of the bucks in their wallets beat our job growth, the stock market or housing concerns in the poll."
And now that gold and silver were caught in the downdraft last week, the kids are even MORE unreasonable about my latest Family Financial Re-Structuring Plan (FFRSP), which involves no work or investment on their part, and it only involves them giving up one lousy meal per day so that I could use that freed-up money to buy more gold and silver! It's a great idea!
After awhile, I got tired of explaining, "Shut up! Shut up! Shut up!", so I looked around for additional evidence that I am correct and they are just a bunch of ignorant, whining, Earthling millstones around our familial necks that are dragging my plans and dreams into the ol' crapper and giving it a flush.
Then I see Bob Moriarty at 321Gold, and I say, "Listen to this and learn!"
Mr. Moriarty said, "After a short and brutal correction, gold will resume its climb. Gold and silver have not peaked. They are money and when all currencies fail, they will be the last man standing."
That's it! That's it exactly! That is why gold and silver always prevail; there is nothing else in which to invest that has all the wonderful properties it has!
I was hoping that he would continue on in this vein until I caught a glimpse of sudden comprehension from one of the kids, but he said, "Anyone mumbling about sub-prime mortgages or even prime mortgages just doesn't get it. Those are a tiny part of the issue. The issue is $516 trillion dollars worth of Monopoly money floating around the giant crap game we call the world's financial system."
Immediately, I knew that I could turn this to advantage, and I immediately jumped up and interrupted "How in the hell can the global glut of derivatives be 37 times as big as total, global GDP? Hell, just a yield of 0.1%, a tenth of a percent, would mean that $516 billion would be needed just to annually service the debt of that $516 trillion! Hahahaha! We're freaking doomed!"
As usual, nobody was impressed with my economic analysis nor my nifty summation there at the end, but I thought I saw a glimmer of understanding in my daughter's eyes when Mr. Moriarty explained, "I don't care how many $200 billion dollar Band-Aids Helo Ben patches on the system, it isn't going to work. The entire banking system is underwater. The system is going to fail totally and globally."
Encouraged, I leapt up and said, "And this is exactly what Ludwig von Mises of the Austrian School of economics said would happen if you don't voluntarily abandon profligate creation of money and credit; complete collapse of the monetary system!" |
