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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (157192)	5/7/2009 9:09:56 AM
From: Veteran98	4 Recommendations Read Replies (1) \| Respond to of 312672

CNBC: CME's Dave Bahoric calls out market fix... Message 25627051 Did you see CME trader Dave Bahoric this morning on CNBC? How many guys from the trading floor do you need to hear, saying that this market is fixed, and is being blatantly gamed beyond anything they've ever seen? Bahoric came right out and said that CNBC was being used to "leak market news" and that Treasury was doing things that have never been done before... like trial ballooning leaks and waiting to see market reactions. Bahoric also called out the insider trading by former Goldmanite & NY Fed Chair Steve Friedman. Message 25617501 CNBC's Carl Q' got as nervous as a whore in church and couldn't get rid of Bahoric fast enough. Kudo's to Bahoric for telling it like it is. Both Goldman & Morgan Stanley have been publicly outed not even trying to hide PPT prop jobs... even getting sloppy in after hours pushes... Message 25623830 Following Bahoric was Retail Guru Dana Telsey and she also evidently didn't get the Imelt/Zucker CNBC Kool-Aid memo and dared show up without her pom poms... saying that retailers from top to bottom, from high end luxury to low end discount, were seeing sales declines "never before seen" with 'only necessities' being bought." WalMart & Target reported "less bad is the new good" trailing numbers for Q1, but Telsey's survey is fresh, live time April-May data. We shall see... Want more "less bad is the new good" news? Remember when Paulson & Bernanke told us that "total bank losses" would be $100 Billion? And now $2.3 Trillion later, with the IMF increasing it's estimates on bank losses from $2.4 Trillion to $4.1 Trillion, and with assets STILL being held on the books at .90 cents on the dollar that can't get a cash bid for 1/2 that... we're STILL pouring billions into the banks -- AFTER a softball stress test. And yes, membership does have it's privleges... thenewamerican.com Under Geithner and his predecessor (former Goldman Sachs CEO Henry “Hank” Paulson), the majority of bailout funds have been awarded to high-level donors to Geithner's former employer: the Council on Foreign Relations (CFR). Here’s a survey of TARP bailout awards to the CFR’s corporate members (there are a total of only a little more than 200 corporate members at all levels): Among the “Founders,” those who give $100,000 or more to the CFR, can be found: American Express Company: $3.389 billion TARP Goldman Sachs: $10 billion TARP, plus a separate Federal Reserve bailout and more than $13 billion of the allotment to AIG (below) Merrill Lynch: $45 billion through its corporate parent, Bank of America, which is also a CFR Premium corporate member, plus $6.8 billion of AIG’s bailout funds. “President’s Circle” CFR members ($60,000 or more) received the following bailout funds: American International Group (AIG): $182 billion in total TARP/TALF funds to date. Citibank: $50 billion TARP Morgan Stanley: $10 billion TARP Premium members ($30,000 or more to CFR): Bank of New York/Mellon Corporation: $3 billion TARP Freddie Mac: Sharing with Fannie Mae $1.25 trillion — that’s $1,250 billion — in mortgage securities being purchased from the Federal Reserve Bank. Chrysler: $4 billion TARP, plus $1.5 billion TARP for Chrysler Financial. JP Morgan Chase: $25 billion TARP CIT Group: $2.33 billion TARP That’s a total of more than $1 trillion in bailout funds for CFR corporate members, easily the lion’s share of the total bailout funds awarded to date. CFR Membership seems to have its privleges, and then some. --------------- Elizabeth Warren from the TARP oversight committee just blasted Paulson on CNBC. Video from Elizabeth Warren outing Hank Paulson's lying and blatant rip off of TARP: "CHEN: So are you saying he was lying? Prof. WARREN: Well, I'm telling you he told us yes and our independent investigation said no." "Paulson Misled TARP Oversight Committee, Says Watchdog Warren" huffingtonpost.com And for anyone still wondering whether Congress is owned lock, stock, and barrel by the banksters... Glenn Beck had a piece on his show last night blasting the oversight committeee, as only 3 of the 10 members showed up for their own committee hearing. 3 out of 10... When 70% don't even show up for their own hearing... What more needs to be said? A charade [over sight committee] by any other name is still a charade. SOTB