Show-me Account Talk

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Show-me said:
Hank Greenberg is painting a great picture of how this is a total mess and how the government and all of the private sector players were lying and are still lying.
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That is the proverbial pot calling the kettle black blame game.
The taxpayers are the one's that get stuck with the bill.:sick:
 
Show-me said:
Hank Greenberg is painting a great picture of how this is a total mess and how the government and all of the private sector players were lying and are still lying.

Like I said before AIG was a front for the government money laundering and fleecing of the taxpayer. And it still continues, they companies that had CDS insurance should have got zero because AIG was insolvent. Nobody should have got paid one penny because AIG CDS division was broke and the government, Hank Paulson former CEO of Goldman, brokered a fleecing of the taxpayer and companies like Goldman got paid full value instead of zero. Goldman got paid big time.

This was all a ruse of saving the economy and look at were we are now. They should stop all spending and take back all monies paid out, even monies paid to salaries. Screw'em, they screwed us and continue to. No one has been arrested or charged. The taxpayer continues to get screwed and I am becoming more in favor of taxing the **** out of the wealthy because no one is being held responsible and alot of people got paid big time.
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I heard that the gov wants to sell more short term treasuries to pay for all the promised money. Problem is outside the us investors do not want to buy our treasureis. Then what? A lot of the promises will be broken or delayed and the storm will get worse.
GL in your trading.:)
 
wv-girl said:
I heard that the gov wants to sell more short term treasuries to pay for all the promised money. Problem is outside the us investors do not want to buy our treasureis. Then what? A lot of the promises will be broken or delayed and the storm will get worse.
GL in your trading.:)
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That is right, the analogy used on CNBC was that foreign countries don't mind helping us to save our house but they will not like helping us remodeling it, ie health care, unemployment benefits, etc.
 
Show-me said:
Yes and what a great feeling. Thank you all for the thoughts and prayers, he is doing very well.

He is home and returning to his old self.
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I woke in the middle of the night and really poured my heart out in prayer and felt such an incredible peace....

........often God will let me know - when my prayers have been answered

so in my case... He instilled in me the heart that cares

.......He alone could show me the power of prayer

..........and above everything else to put my Trust in Him

.................so I am but a piece of clay that's thrilled to celebrate in and be a part of ALL THE GOOD NEWS.
 
wv-girl said:
I heard that the gov wants to sell more short term treasuries to pay for all the promised money. Problem is outside the us investors do not want to buy our treasureis. Then what? A lot of the promises will be broken or delayed and the storm will get worse.
GL in your trading.:)
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That is why I am holding TBT, the inverse bond fund. Eventually, interest rates on the longer treasuries will rise and this fund should perfom well.
I don't see any way interest rates go go longer term except up. Especially with all the deficit spending.
 
Show-me said:
Yes and what a great feeling. Thank you all for the thoughts and prayers, he is doing very well.

I think the worst part for him was the morphine. the morphine made his breathing shallow requiring O2 and it shut down his bowls.

He is home and returning to his old self.
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Wow, you just taught me something I didn't know about my own experiences with morphine back 25+ years ago! I spent 18 days in hosp. with a busted back, most of that time I was on morphine. Flat on my back, no pillow, busted foot so swollen, half-cast only. Didn't get out of bed til about day 16-17. No wonder they were threatening enema after a week or so! :nuts: (I managed to make their worry go away on my own-wasn't about to go through THAT experience on top of everything else!).

I was profoundly grateful for the morphine tho, til I started going through withdrawals. That was as horrific or even moreso as anything else I experienced, only I didn't know it was withdrawals at the time. They didn't tell me why I was experiencing lightning jolts that levitated my broken body off the bed a foot, just as I was about to conk out, every single time I was about to conk out-I was afraid of falling asleep but couldn't stop myself-only to get woken up wide awake by electric cattle prod jolts and whole-body levitations every time.

So glad, sounds like your son didn't go through anything like that, through ability to control his morphine dosage. They didn't have that available in my time.
 
Thank you all again, my son turned another corner yesterday as I noticed his walking is more fluid than stiff. He would not move his shoulders because of the pain and now he says the soreness is gone and he has a little bit of his old swagger back in his walk. I love that kid!:D
 
Show-me said:
Thank you all again, my son turned another corner yesterday as I noticed his walking is more fluid than stiff. He would not move his shoulders because of the pain and now he says the soreness is gone and he has a little bit of his old swagger back in his walk. I love that kid!:D
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Man SHow-me,

That's great news :D and ain't it something how fast the young can recover from something that would have us laid up for weeks. That makes these market problems small in comparison.

CB
 
Went to check up for the kid Thursday and he can try half days at school starting today. Unbelievable!!! Thank you God for sending me to the right surgeon and healing my son!!!:D



Looks like oil will get spanked today and futures markets are up while dollar is down.

Time to step back to the G fund? Me thinks yes.

Good luck and happy Monday.
 
If you're angry and you know it clap your hands, clap clap!:D And, they paid out bonuses almost equal to what they borrowed from the taxpayers!

Brilliant!

Guess all the letters I wrote and emailed my politician dumb asses went ignored!

Going to write some more today telling them what dumb asses they really are and how they will not get my vote on the next election.

SocGen defends payments from AIG

Mon Mar 16, 2009 6:24am EDT

PARIS (Reuters) - French bank Societe Generale defended its actions after the disclosure that it was among European banks which received payments from U.S. insurer AIG following its bailout.
France's third biggest by market value said on Monday it had acted within its rights to call on AIG for cash. "Societe Generale acted in this matter in full conformity with our counterparty agreements with AIG," it said in a statement.
"Societe Generale issued collateral calls to AIG in accordance with the terms of those agreements as a result of specified credit events at AIG," it said.
"The collateral posted by AIG, and the amounts paid, were fully consistent with the terms of those agreements."
Among European banks, SocGen was the biggest recipient at $11.9 billion, Deutsche Bank AG received $11.8 billion and the UK's Barclays Plc was paid $8.5 billion.
AIG, which has received federal bailouts totaling $173 billion, said on Sunday it had paid billions of dollars to a number of banks, partially in the form of collateral to back up credit default swaps, a form of financial insurance.
The sums also included purchases of collateralized default obligations, a debt security that underlay that insurance, and payments to counterparties of a securities lending program.
AIG unveiled a list of payments amid growing pressure on the insurer to disclose the beneficiaries of the U.S. bailout ahead of a congressional hearing on Wednesday.
The AIG disclosures do not include payments since December 31.
(Reporting by Tim Hepher; Editing by David Holmes)
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If you're angry and you know it clap your hands, clap, clap.

Goldman Sachs Atop AIG Counterparty List- AP
American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.
 
Show-me said:
Went to check up for the kid Thursday and he can try half days at school starting today. Unbelievable!!! Thank you God for sending me to the right surgeon and healing my son!!!:D



Looks like oil will get spanked today and futures markets are up while dollar is down.

Time to step back to the G fund? Me thinks yes.

Good luck and happy Monday.
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Great news on your son . :D I missed last weeks rally, darn work load, and I don't want to get into chasing it, but I don't want to miss the next one either. I'm tired of the G, but got cut the last 2 times trying to catch that knife, so I'm gun shy.

CB
 
Show-me said:
If you're angry and you know it clap your hands, clap, clap.

Goldman Sachs Atop AIG Counterparty List- AP
American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.
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So why do they get paid twice? Heads should roll. But since GS is the darling we probably won't see any thing being done. Crooks!

BTW--glad to hear you son is doing so well. How are you holding up? Hope you have taken care of yourself as well as you took care of your son.:)
 
Show-me said:
If you're angry and you know it clap your hands, clap, clap.

Goldman Sachs Atop AIG Counterparty List- AP
American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.
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You know I'm angry. Hank Paulson should be hung for treason.
 
Show-me said:
Went to check up for the kid Thursday and he can try half days at school starting today. Unbelievable!!! Thank you God for sending me to the right surgeon and healing my son!!!:D
Happy Monday.
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If you're happy and you know it, clap your hands!:D
 
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