To: Secret_Agent_Man who wrote (17786 ) 2/20/2009 1:19:22 PM From: LTK007 5 Recommendations Read Replies (1) | Respond to of 71454 Rant i my made elsewhere, but bottomline it is important regards the market: the fundamental message of this message is simple the market will go down and down until everyone is sufficiently desperate so the Oligarchs behind this disaster get what THEY WANT NOW NOW NOW: the U.S. Taxpayer be damned, you do what we want OR we will scare you to DEATH. i note that Carl Swenlin in SPX terms is not seeing a bottom for 2009 until 390. TSR is calling for 5900 Dow before any major rally. RANT <<Obama on the financial side of this. We can say, this indeed he is no way responsible going into this term(he is i think economicly oblivious, utterly dependent on his advisers), and it is a brutal inheritance, and i have notorious these days for stating there is no solution beyond letting "The TOO BIG to Save Banks" vanish and let a whole flourishing of hundreds of small banks arise out of the rubble. The constant refrain is to do this would be an UTTER CASTROPHE, Paulson pounded out that word and so is Obama now. Bottomline the Too Big toSave/toFailBanks are a key part of the Oligarchs power, and thus the recovery remains in the main pouring endless money into the gawdamned psychopathic criminals that caused this world crisis. And with Sumner in place, and Rubin as an advisor Obama has two of the 3 , of dark troika that set up this disaster. The troika being Rubin/Sumner and Greenspan. i have stated i am suspicious that the market will trend downward as long as WS/TheMonsterBanks don't get what they want --the ultimate robbery of the U.S.Populace the set up of a Bad Bank that would then suck toxic assets purchased at an inflated price and will end up causing trillions of dollars in loss--a loss GIVEN to the U.S. public. i don't think Sheila Bair realizes what she is promoting, i go along with Faber, and say she is economically frighteningly incompetent. The initial TARPI was to buy up these this toxic waste and Congerss got upset that wasn't done. Here is the kicker , i realize whatever Paulson is, he ain't dumb, and on analyzing just what was the real value of these toxic "assets" started to see if it was actually done he would quite literally be confronted with a revolution in the U.S.when the public realized how they had been HAD to THE MAX. And Geithner himself sees the same, and has blocked the "Bad Bank" BS that an utterly incompetent Sheila Bair has been a proseltyzer. i, in posts elsewhere, have gone to length to show that to compare positively the "Bad Bank" now hoped for to when Sweden had their "Bad Bank" or to our RTC for S&L is either deep ignorance of the facts, or using systematic propaganda, where they are knowingly trying to con the public. If there should start to be a Big Push for The Bad Bank, and it's passed the financials would rocket, market rally and the fools would for a time not know they are being robbed. And the U.S would be bankrupt a lot sooner than when it will eventually go bankrupt anyway. The Oligarchs have hundreds of Lobbyists, and they will keep trying to get the Toxic Assets buoght up with taxpayer money. The U.S.public has zero lobbyist. ******************** BTW, Obama's refusal to consider Retroactive Accontability makes his "future accountability plan" a BLOODY UGLY JOKE. Even Keith Olberman attacked Obama harshly on what was the hollow BS of his future accountability as he was letting off 90% of all financial psychopaths that caused this. In what was as great a crime in the history of the U.S., Obama said let's forget about it---they will NOT be held accountable. Do i believe deals were made before the election to insure Obama would NOT seek justice, yes i do. O yes, HealthCare money in the stimulus package was in the vast majority FRIENDLY to The HealthCare Industry, courtesy of Daschle, the HC industry's pimp. Billions for a massive computer system to know every detail about everybody's health, and the totalitarian rule of FOR PROFIT(this is all about MONEY, fuck the sick)Health Industry makig the decisions, and doctors put in handcuffs . Our HealthCare system is now the rule of accountants, and Doctors but persons trying to practice with a ball and chain of HC and handcuffed on their ankle they have to drag around. What has been gong on in HC now is long ago passed beyond shocking and is now just a totalitarian rule of an greedy industry. Daschle was forced to withdraw but he did get his HC plan in, nonetheless, the damned industry whore.F.P., wise--Dark Clouds on the horizon. Max>>