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

To: carranza2 who wrote (50556)	5/27/2009 10:06:37 PM
From: TobagoJack	1 Recommendation Respond to of 218385

<<Banks want to use bailout funds to buy toxic assets from themselves in the PPIP. This is better than robbing Peter to pay Paul. More like carjacking Peter, then beheading Paul>> perpetual motion machines are nice :0)

To: carranza2 who wrote (50556)	5/28/2009 12:43:10 AM
From: elmatador	Respond to of 218385

Everything works, until it doesn't. And as long as it works, let's gorge on it. Enjoy. Tomorrow is another day. Translating: Let's live today and we'll think about the problems tomorrow. Tomorrow dawned and tomorrow is now today. Ok. Let's use the same rule we used yesterday. And so it goes. After a succession of todays followed by many tomorrows, it is no longer feasible. Thus "Everything works, until it doesn't." In a situation where the rule is made of rubber, you can bend and shape the rules anyway you want. And you will always be within the rule. (I mean rule of the law) This situaion is always trying to unwind. But next day, the unwind is preempted, by some "Hocus Pocus, Open Sesame! Abracadabra magic." It comes a time that this unwinds in a situation that we call the Great Unwind. The biblical thing you are always alluding to. Geena, Crying and clinching of teeth... Because we know that prolonging this situation is bad, Elmat kept calling: 'Bringin it on.' Only that was Ali Baba and the 40 thieves, this is The 40 thieves and Ali Baba. Story Ali Baba happens to overhear a group of forty thieves visiting their treasure store in the forest where he is cutting wood. The treasure is in a cave, the mouth of which is sealed by magic. It opens on the words "Open, Simsim" (commonly written as "Open Sesame" in English), and seals itself on the words "Close, Simsim" ("Close Sesame"). When the thieves are gone, Ali Baba enters the cave himself, and takes some of the treasure home.

To: carranza2 who wrote (50556)	5/28/2009 6:52:48 PM
From: TobagoJack	Respond to of 218385

an austrian had this to say about the new banking industry initiative, just in in-tray this is proof positive that the PPIP is a free lunch for the participants courtesy of the tax cows. there can be no other reason for this request, at least i can't think of one. i would be tempted to buy this crap paper too with a free put provided by Uncle Sam. of course, as Ray Dalio correctly remarked, the danger of agreements later being altered by government fiat is great. after all, who cares about the law? not the administration, that's for sure. we have an emergency to combat here! (plus, as one interviewee on TV remarked yesterday, while lauding the monstrosity Obama calls his 'energy policy' , 'we have a pretty bleak climate that we need to combat' too. the goal posts have shifted in that particular 'battle' as well of late...it's not 'global warming' anymore, now that the world is actually getting colder, it's the 'climate catastrophe' now. doesn't matter what it really is, right? we gotta do something, tax and tax and spend and spend, and it has to be now.). we won't let the crisis go to waste! it is in this spirit that the banks make this recent proposal. what could be better than using a tax payer hand-out to buy back one's own diseased paper, protected by yet another tax payer handout? nothing can go wrong, right?