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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (29721)2/21/2008 6:57:58 PM
From: carranza2  Read Replies (2) | Respond to of 218775
 
si stanno cagando sotto

jessescrossroadscafe.blogspot.com

We're Going to Make the Banks an Offer They Can't Refuse

Can you believe that there are people who think the forced splitting of the monoline insurers, like MBIA and AMBAC, into two entities would be a positive development for the banks?

The setup is that Eliot Spitzer's insurance enforcer, Eric "The Shiv" Dinallo, has brought the banks and the insurers together and made them an offer they can't refuse.

"Look, you truffatore have a good thing going down there in the City, running the stock market numbers rackets. And we envy the regulators and politicians you have in your pockets. But this move into counterfeit AAA debt and subprime is hurting the municipal and state bond business. That's our turf, and we don't like it when coglioni mess with our thing.

You banks are going to have to bail out these monoline insurers, and we don't care what deals you have to make to get the dough from Benny the Banker and Omar "the Turk" Sovereignfunzo, because we're not going to the public again to save you mamalukes. The terms are between them and you.

Oh, you're going to talk to your Texas stoonads in Washington? Fuhgheddaboutit! Barack "Bumpy" Obama from Chicago has them si stanno cagando sotto. Their scam has had a nice run but you can stick a fork in it fa Nabola, its done. A few of them are going to be sleeping with the fishes before this is over.

So you either paga in anticipo and make the problems you caused for us go away, or we are going to split up the monolines, take all the good parts to protect our business, and you are going to be picking about $580 billion worth of CDO and bad debt tranches out of your culone for the next ten years. Capice?"



To: TobagoJack who wrote (29721)2/21/2008 11:49:49 PM
From: Maurice Winn  Read Replies (1) | Respond to of 218775
 
With financial fluctuations continuing apace, it's not surprising that gold is heading towards $1000. $2000 was my figure from a few years ago as the top. In the absence of a seriously large scale US$ implosion and Zimbabwe style dilution, I doubt that we'll get past $2000. $10,000 will mean seriously large scale financial carnage, possibly of biblical proportions.

There is plenty of scope for such ruination, leading to carnage.

Rome was once a splendid empire but has long gone. China was once able to build dirty great walls right across the country.

It's interesting that you have stood on the Roman ruins as last man standing and I have strode unimpeded [but for the ubiquitous toll collectors] along the China ruins. Both great and glorious regimes suffered biblical scale ruination.

I noticed a couple of decades ago that companies in dire straits would have a last fling of expenditure to try to save the day. It was almost the case that if I saw a big expansion, the writing was on the wall.

... ooops, grandchildren/daughter arrived so rant curtailed...

Mqurice