Comments on: Bailout Bonds for Ordinary Americans? http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/ Sun, 27 May 2012 09:11:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: oowawa http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177836 oowawa Fri, 10 Apr 2009 14:41:37 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177836 Did the same "wodiej" write this comment that wrote the comment just above that said: <blockquote>The banks and other places that are sinking should sink due to their corruption and greed. Bailing them out teaches them nothing.</blockquote> Something doesn't seem quite right. And as for Wells Fargo (who was "forced" to gobble up those taxpayer dollars), consider this: http://market-ticker.denninger.net/archives/948-JamJob-Wells-Fargo-And-More.html I could provide more links, but what's the point? Did the same “wodiej” write this comment that wrote the comment just above that said:

The banks and other places that are sinking should sink due to their corruption and greed. Bailing them out teaches them nothing.

Something doesn’t seem quite right. And as for Wells Fargo (who was “forced” to gobble up those taxpayer dollars), consider this:

http://market-ticker.denninger.net/archives/948-JamJob-Wells-Fargo-And-More.html

I could provide more links, but what’s the point?

]]> By: mountainaires http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177731 mountainaires Fri, 10 Apr 2009 12:14:55 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177731 Amen, Peggy Sue! "Invest" in "Bailout Bonds?" You've got to be joking! It's one scam after another with these people. Holder's designing his own little feifdom at Justice, and the criminals are looting the treasury, while the FED is demanding that the banks "tick-a-lock" and keep their mouths shut about the "stress tests" they did on themselves, until after earnings are announced, so as to keep that market thingy all warm and fuzzy. $4 Trillion dollars in the budget, and we've already promised $12.7 Trillion. I'm tapped out, and need to save my pennies for the higher taxes and inflation that is on the horizon. No "bailout" bonds are in<strong> MY </strong>budget! God, these people are ridiculous. Amen, Peggy Sue! “Invest” in “Bailout Bonds?” You’ve got to be joking! It’s one scam after another with these people. Holder’s designing his own little feifdom at Justice, and the criminals are looting the treasury, while the FED is demanding that the banks “tick-a-lock” and keep their mouths shut about the “stress tests” they did on themselves, until after earnings are announced, so as to keep that market thingy all warm and fuzzy.

$4 Trillion dollars in the budget, and we’ve already promised $12.7 Trillion. I’m tapped out, and need to save my pennies for the higher taxes and inflation that is on the horizon.

No “bailout” bonds are in MY budget!

God, these people are ridiculous.

]]> By: Peggy Sue http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177455 Peggy Sue Fri, 10 Apr 2009 04:22:15 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177455 You know your mention of Junk [bonds] reminded me of something I read earlier. Joseph Cassano, the architect of the credit-default swap fiasco at AIG [now hiding out on his estate in London] was a protege of Michael Milken, the King of Junk Bonds. Is it just me or does this mess seem very incestuous, the crooks leading the crooks? Cassano started out at Drexel Burnham Lambert, which imploded in 1990 under Milkin's fine leadership. Meanwhile, Cassano in a new configuration of fraud, walked away with 315 million dollars for his efforts at AIG, while we, the taxpayers, footed a 170+ billion dollar company bailout under the "too big to fail" meme. And they say crime doesn't pay! You know your mention of Junk [bonds] reminded me of something I read earlier. Joseph Cassano, the architect of the credit-default swap fiasco at AIG [now hiding out on his estate in London] was a protege of Michael Milken, the King of Junk Bonds.

Is it just me or does this mess seem very incestuous, the crooks leading the crooks?

Cassano started out at Drexel Burnham Lambert, which imploded in 1990 under Milkin’s fine leadership. Meanwhile, Cassano in a new configuration of fraud, walked away with 315 million dollars for his efforts at AIG, while we, the taxpayers, footed a 170+ billion dollar company bailout under the “too big to fail” meme.

And they say crime doesn’t pay!

]]> By: NoBamaNoWay http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177412 NoBamaNoWay Fri, 10 Apr 2009 03:32:12 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177412 correct; they think that the "solution" to the collapse of our ponzi scheme economy is to get more people in on the bottom. when will they ever learn that there is no free lunch - at least not for everybody. the aristocracy may dine on our dime for a while, but eventually we will have no more dimes and their free lunch will end. and america will be F-ed. correct; they think that the “solution” to the collapse of our ponzi scheme economy is to get more people in on the bottom. when will they ever learn that there is no free lunch – at least not for everybody. the aristocracy may dine on our dime for a while, but eventually we will have no more dimes and their free lunch will end. and america will be F-ed.

]]> By: AX10 http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177325 AX10 Fri, 10 Apr 2009 02:00:28 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177325 No Mr. Obama, this is not what we want. We do not want to buy JUNK with our collective taxpayer dollar or our retirement funds. These bad debts should be written off as losses then we can start over again. Either take the banks into temporary receivership to have the fed clean up their books or let the banks go to bankruptcy court like everyone else. No Mr. Obama, this is not what we want.
We do not want to buy JUNK with our collective taxpayer dollar or our retirement funds.
These bad debts should be written off as losses then we can start over again. Either take the banks into temporary receivership to have the fed clean up their books or let the banks go to bankruptcy court like everyone else.

]]> By: Peggy Sue http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177291 Peggy Sue Fri, 10 Apr 2009 01:36:54 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177291 So, let me get this straight. We [the American taxpayer] fund the program for the banks and related financiers [who played high risk games in Las Vegas] where they have nearly all their risks covered [$4 to our $96] to buy up the toxic [legacy] assets. If they lose their measly 4 bucks, we the American taxpayer will rush in and cover the loss. But then, the Government opens up the game to the American taxpayer [the suckers of the Universe] and if the bet goes bad we lose everything, but in the infintesimal chance that the bet is good, we win [I'm sure there's a catch to this, too. Probably with the increased tax liability]. Win, win, win? More like bad, bad, bad. Sorry, time to charge the Treasury with pitchforks in hand. So, let me get this straight. We [the American taxpayer] fund the program for the banks and related financiers [who played high risk games in Las Vegas] where they have nearly all their risks covered [$4 to our $96] to buy up the toxic [legacy] assets. If they lose their measly 4 bucks, we the American taxpayer will rush in and cover the loss. But then, the Government opens up the game to the American taxpayer [the suckers of the Universe] and if the bet goes bad we lose everything, but in the infintesimal chance that the bet is good, we win [I'm sure there's a catch to this, too. Probably with the increased tax liability].

Win, win, win?

More like bad, bad, bad.

Sorry, time to charge the Treasury with pitchforks in hand.

]]> By: wodiej http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177290 wodiej Fri, 10 Apr 2009 01:33:53 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177290 EXCUSE ME?? I work at Wells Fargo-why would they tell people they had a good quarter if they didn't?? For your information, Wells Fargo didn't need any fucking taxpayer dollars-they were pretty much forced to take them. Second, they have given out millions more in mortgages than they ever received in Tarp funds. Third, they have helped a hell of alot of people stay in their homes by refinancing, changing their loan terms etc. Which by the way was the essence of Tarp funds-some used it like they were supposed to, and others didnt. Fourth, the taxpayers are going to get one hell of an interest payment on those tarp funds because of the business Wells Fargo has done. So before you start slinging arrows around, make sure you know what you're talking about. Obviously YOU DON'T. EXCUSE ME?? I work at Wells Fargo-why would they tell people they had a good quarter if they didn’t??

For your information, Wells Fargo didn’t need any fucking taxpayer dollars-they were pretty much forced to take them.

Second, they have given out millions more in mortgages than they ever received in Tarp funds.

Third, they have helped a hell of alot of people stay in their homes by refinancing, changing their loan terms etc. Which by the way was the essence of Tarp funds-some used it like they were supposed to, and others didnt.

Fourth, the taxpayers are going to get one hell of an interest payment on those tarp funds because of the business Wells Fargo has done.

So before you start slinging arrows around, make sure you know what you’re talking about. Obviously YOU DON’T.

]]> By: oowawa http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177272 oowawa Fri, 10 Apr 2009 01:15:42 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177272 Beware of the bankers on Wall Street--they're a scurvy lot and will slit your gizzard for a piece of gold. Their pirate ship is taking on water fast, and all of us prisoners down below are expected to get working with the "bailout." Beware of the bankers on Wall Street–they’re a scurvy lot and will slit your gizzard for a piece of gold. Their pirate ship is taking on water fast, and all of us prisoners down below are expected to get working with the “bailout.”

]]> By: oowawa http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177260 oowawa Fri, 10 Apr 2009 01:04:41 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177260 Well gawrsh jangles, when you say it that way, it doesn't sound like such a great idea anymore . . . Well gawrsh jangles, when you say it that way, it doesn’t sound like such a great idea anymore . . .

]]> By: KintheNorthwest http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177258 KintheNorthwest Fri, 10 Apr 2009 01:02:59 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177258 So who are the real pirates are they in Africa or here???? So who are the real pirates are they in Africa or here????

]]> By: jangles http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177255 jangles Fri, 10 Apr 2009 00:58:05 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177255 Let's review. The banks have had an infusion of TARP and TALF to the tune of billions if not trillions and now they want to call on Jane and Joe Plumber not just for more of their tax dollars but now for their savings $$$$$. Let's see---my bank, B of A (Bankruptcy and Angst) is now raising its credit card fees for folks carrying a balance. It is at the public trough slurping up TARP and TALF at 0% interest and turning around to loan that out to Jane and Joe at 14-15%. Now I think that is a pretty good point spread. Perhaps that tells us how Wells Fargo managed a multi-billion profit in the first quarter. In act I think old B of A was one of the last to jump on this gravy train. I am so happy to know that are bankers are not brain dead in the aftermath of their losing billions and trillions of $$$, almost bringing the world financial markets to their knees and causing enormous unemployment and dilocation all over the world. They still remember how to make a buck. We are so lucky that they have been saved and we did not let them lose there cushy arses. Let’s review. The banks have had an infusion of TARP and TALF to the tune of billions if not trillions and now they want to call on Jane and Joe Plumber not just for more of their tax dollars but now for their savings $$$$$.

Let’s see—my bank, B of A (Bankruptcy and Angst) is now raising its credit card fees for folks carrying a balance. It is at the public trough slurping up TARP and TALF at 0% interest and turning around to loan that out to Jane and Joe at 14-15%. Now I think that is a pretty good point spread. Perhaps that tells us how Wells Fargo managed a multi-billion profit in the first quarter. In act I think old B of A was one of the last to jump on this gravy train.

I am so happy to know that are bankers are not brain dead in the aftermath of their losing billions and trillions of $$$, almost bringing the world financial markets to their knees and causing enormous unemployment and dilocation all over the world. They still remember how to make a buck. We are so lucky that they have been saved and we did not let them lose there cushy arses.

]]> By: oowawa http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177222 oowawa Fri, 10 Apr 2009 00:30:22 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177222 Yes Foxilady, that's what should have happened, but instead they landed on "Free Parking" where billions of dollars had been stashed as a bonus. And, of course, they own big hotels on Illinois Ave and are on their way to monopolizing Park Place, Boardwalk, and the whole damned board . . . Pretty soon we won't even be able to rent a shack on Baltic or Mediterranean . . . And they want us to "invest" in "Bailout Bonds" for the wealthiest players, on top of all that!?!? Yes Foxilady, that’s what should have happened, but instead they landed on “Free Parking” where billions of dollars had been stashed as a bonus. And, of course, they own big hotels on Illinois Ave and are on their way to monopolizing Park Place, Boardwalk, and the whole damned board . . .

Pretty soon we won’t even be able to rent a shack on Baltic or Mediterranean . . . And they want us to “invest” in “Bailout Bonds” for the wealthiest players, on top of all that!?!?

]]> By: oowawa http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177210 oowawa Fri, 10 Apr 2009 00:16:32 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177210 Right Ellen D. The change was in the "mark to market" rules that allowed them to value greatly devalued assets at the fantasy figures that they wish. It's as if I were allowed to value my house at its value two years ago, and not by its value in today's market. And then, after receiving taxpayer billions & being gifted with a ridiculous rule change, they have the chutzpah to puff out their chests and crow about how much money they made. And enough stupid "investors" (and conniving speculators) take that deception and run the Dow up 250 points. Right Ellen D. The change was in the “mark to market” rules that allowed them to value greatly devalued assets at the fantasy figures that they wish. It’s as if I were allowed to value my house at its value two years ago, and not by its value in today’s market. And then, after receiving taxpayer billions & being gifted with a ridiculous rule change, they have the chutzpah to puff out their chests and crow about how much money they made. And enough stupid “investors” (and conniving speculators) take that deception and run the Dow up 250 points.

]]> By: FLDemFem http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177199 FLDemFem Fri, 10 Apr 2009 00:09:50 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177199 Isn't that what the shareholders in those institutions already did? And how much are they getting back out of <em>their</em> investments? I would want to see some hard numbers on that, with affidavits to back them up before I even considered investing in an already failed institution, no matter who is backing it. And isn't double-dipping frowned upon? It used to be. Isn’t that what the shareholders in those institutions already did? And how much are they getting back out of their investments? I would want to see some hard numbers on that, with affidavits to back them up before I even considered investing in an already failed institution, no matter who is backing it. And isn’t double-dipping frowned upon? It used to be.

]]> By: Ellen D http://www.noquarterusa.net/blog/20628/bailout-bonds-for-ordinary-americans/#comment-1177193 Ellen D Thu, 09 Apr 2009 23:59:15 +0000 http://www.noquarterusa.net/blog/?p=20628#comment-1177193 Speaking of scams - the accounting rules were changed so the banks can value their assets as they please. Now Wells Fargo is estimating a 3 billion dollar first quarter profit and everyone is surprised. Are you surprised, LD? Speaking of scams – the accounting rules were changed so the banks can value their assets as they please. Now Wells Fargo is estimating a 3 billion dollar first quarter profit and everyone is surprised.
Are you surprised, LD?

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