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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (100981)	8/19/2009 4:29:54 AM
From: Sea Otter	6 Recommendations Read Replies (1) \| Respond to of 116555

Somewhat OT: Bloomberg Reports that Madoff has a Small Penis bloomberg.com

To: mishedlo who wrote (100981)	8/19/2009 6:31:17 AM
From: ayn rand	1 Recommendation Respond to of 116555

i'm getting dizzy again. so the fdic is bk as of august 14? i thought they already have been bk for some time, when they couldn't cover $100K per insured account and announced they would more than double the dollar amt. of insured accounts. after all, they couldn't cover the $100K/acct , why not expand coverage to $250K?, why not increase coverage to $500K?, the amt is meaningless, the fdic already is bk. the u.s. has been bk since 1971. california is now bk. if this continues the u.s. will become more bk than before. the fdic and california will become more bk, and then the fed will have to bailout california and the fdic and the u.s. ,..., and our children and the children of our children will bailout the u.s. but who will bailout the children of our children of our children? i guess it's too early to worry about that. it's enough to make one dizzy

To: mishedlo who wrote (100981)	8/19/2009 7:34:31 AM
From: ayn rand	2 Recommendations Respond to of 116555

23. FDIC Chairman Sheila Bair said the FDIC is looking for ways to shore up its depleted deposit fund, including charging higher premiums on riskier brokered deposits. it's also interesting to note that the banks who managed their financial affairs and didn't need bailout money will continue to get further "taxed" (punished) by the system. and the banks who are selected to receive the bailout monies have low risk and will not be exposed to the new "FDIC tax" as they are considered low risk (rewarded) what a country