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To: Crimson Ghost who wrote (67069)	8/1/2007 8:32:05 PM
From: andiron	Respond to of 116555

what we need is some lower highs and lower lows for 1+ months before we can nail this biatch.

To: Crimson Ghost who wrote (67069)	8/2/2007 10:47:55 AM
From: clutterer	Respond to of 116555

Fed nominees pledge to protect consumers By Greg Robb, MarketWatch Last Update: 10:33 AM ET Aug 2, 2007 WASHINGTON (MarketWatch) - Two bank executives who have been nominated to the Federal Reserve Board pledged Thursday to use their real-world experience to work on consumer protection in the aftermath of the housing market's boom and bust. Fed Chairman Ben Bernanke announced last month the central bank is conducting a top-to-bottom review to prevent the massive mortgage fraud and lending abuse that helped fuel the nation's housing bubble. One nominee, Elizabeth Duke, became a bank teller in 1975 and has risen to be the senior executive vice president and chief operating officer of TowneBank in the tidewater region of Virginia. "The importance of safety and soundness in our banking system is a part of my DNA," Duke told the Senate Banking Committee. Duke said she worked with the Virginia banking commission when they were first given responsibility for supervision of non-bank mortgage lenders "after the collapse of one of the most predatory lenders I have ever seen," "I don't believe we can solve the sub-prime issue without cooperation and coordination across the full spectrum of regulation, supervision, and enforcement of all mortgage loan participants," Duke said. Larry Klane, a senior executive of Capitol One, told the panel that, if confirmed, he "would bring my energy, focus, and experience to vigorously fulfilling the Fed's consumer protection responsibilities." The Senate panel is also considering the renomination of Fed governor Randall Kroszner to a full-term on the central bank. Krozner was a economics professor at the University of Chicago before joining the Fed in 2006. Senators on the panel expressed support for the nominees. Senator Chris Dodd, the chairman of the Senate Banking Committee, said the Fed board has enough experts on monetary policy. "Issues of consumer protection and bank supervision are of particular importance with respect to the nominees who are before us today," Dodd said. Krozner said the subprime woes have not had a broad impact on the overall economy. "The real economy doesn't seem affected by this," Krozner said. But the pain and suffering felt by homeowners will continue, Krozner said, and the Fed will be watching the issue closely. Duke and Kane told the Senate panel that the Fed probably could have taken regulatory action sooner to avoid some of the problems in the subprime mortgage market. Sen. Jim Bunning, Republican of Kentucky, said the Fed was "asleep at the wheel...as lenders got more and more irresponsible."

To: Crimson Ghost who wrote (67069)	8/2/2007 10:48:53 AM
From: clutterer	Read Replies (1) \| Respond to of 116555

yes tell max airedale said the cycle low is in and looking for an intermediate length upmove lasting 2-3 months....

To: Crimson Ghost who wrote (67069)	8/2/2007 11:18:41 AM
From: LTK007	Read Replies (2) \| Respond to of 116555

i waste my time but reiterate my old position anyway: CG you are one the last people in the world not to KNOW PPT is real, real, real and also active at just the right time. Faber ,Grantham, and Rogers are also all oblivious to PPT increased activity and have failed to factor it time and time again, and have been wrong about the collapse in U.S. equities for a longtime--they just keep pushing out and pushing out their bear call, they are only about 3 years late so far. Cripes even the WSJ wrote an article about the REALITY of PPT. And we KNOW that under Bush it has become FAR MORE active and intrusive. We KNOW that in five print of in the president's new powers the the senate blithely give him, Bush now with the NSA has the power to do ANYTHING, i repeat ANYTHING(legalities not a factor)to manipulate the stock market. i communicate this and am ALWAYS greeted by ZERO recommendations---which means the BIG YAWN, the big, NAH that is not true, silent feedback. Even many Ron Paul supporters refuse to believe the PPT now runs through Bush and the NSA. Bush considers the "protection" of the stock market to be a part of HIS WAR on Terrorism. i described a HUGE move in 34minutes CG, i repeat 34 minutes( The market was failing on those bond spreads you mention---HUGE moves on stock market moves credit spreads don't occur in 34 minutes!) i do know you have NEVER supported any claim of mine regards PPT--that is never CG, that is amazing is it not. In fact you are quick to DENY PPT, when i bring it up????? i REPOST what i posted on July 31st. <<From: max90 7/31/2007 4:10:07 PM of 67076 BTV trivia:Bloomberg FloorTrader commentor says "the pits are COUNTING on PPT, now that secret is now out. But he then said it would be nice if FED do something. Comments were at 4:05 pm EST. Max >> Now repeat after me that believe, like CG, there is not a ststematic andpowerful interventional force operating on the marketplace "There isno PPT , thereis no PPT, these is no NSA and Bush link, andrampant manipulation. It is all B.S." i will counter and say that following the start of Iraqwar the Bush and the NSA decreed in the inrest of the war on terrorism all must bedone to prevent a 10% corection. It is not a coincidencethat this isth LONGEST period WITHOUT a 10% correction i U.S.Stock Market History. i will remain unpopular and viewed as a crank for this PERCEPTION and repeat there is ONLY two ways the market has a huge sell-off , a major sell down, smashing through 10%, and that is PANIC on the part of JQP and or acredit leveraged fantangled supposed Gordonian Knot, that suddenly explodesandcan not beunwoundin an orderly manner---WS's favoriteword thesedays, "theproblem is contained, it can be unwound in an ORDERLY fashion, Do NOT worry" O yes, Govermments know JQP does not go into a real panic until 10% or worse and/ OR a mega negativemega event occurs, a Black Swan, as we now are saying. i will have to order The Black Swan as i understand it is a deeply researched historical study proving the author's thesis. Max, over and out:)