Posted on 09/20/2007 4:55:46 PM PDT by NYer
You appear to be an expert at mocking and derision not intelligent discussion. End of conversation.
Sorry, but if you are going to believe that such stuff is going on, I would expect you to be able to quote a credible source. There are not secret bankers meetings where these things are discussed. You should challenge this person to provide some proof for her claims, or at least a basis for her beliefs. Don’t believe her just because she works for a bank.
There is no discussion of this going on in the banking world. I read numerous banking periodicals, scan Bloomberg on a daily basis, attend industry conferences and correspond with investment bankers and community bankers all day long. The first I ever heard of the Amero was on this website. I believe these so-called conspiracy theories should be challenged, and if no proof is offered, I will occasionally resort to being a smart-ass. Probably not the best way to win an argument, but when you constantly are asked to prove a negative its sometimes all one can do.
Just edit the word friend by replacing it with CMO Trading coworker. Then the rest of the statements are clear of any nitpicks.
Bookmark
For a short time, then they have to pay the money back.
The problem is with your friends who after holding the worthless paper and trading it for cash, decide to deploy that cash in future worthless paper.
Banks are going to borrow from the discount window to buy more CMOs? That's funny.
Can someone smarter than I tell me what would happen to U.S. equities if the dollar collapsed? I mean, the companies would still have their underlying value - I presume their prices would inflate? What happened in Japan in the early 90s?
Oh I remember you, one of those that thinks they know it all but understand very little.
The CDO/CP bailout was just that, a bailout by the Fed. If you disagree then you can take your bleating argument to every hedge fund and trader on Wall St. because they know it was a bailout. The financial press has turned out abundant commentary to the fact that this was a bailout.
The banks that were involved may pay it back but not soon. The private equity groups caught holding bad paper will not be paying anything back because their worthless paper was put up as collateral, they were bailed out.
When you trade or invest, and you are allowed to turn your loss into federal reserve notes, you are going to exchange those notes for another trade or investment eventually, because your business is trading and investing.
The warning is not to trade or invest again in more speculative deals. How to stop that from happening? There is no ‘how’ other than to restrict the lending practices that preceded the bailout. And that is precisely what is happening with the closing of lending shops all across the spectrum.
But that won’t stop yet another set of ‘innovative’ risky financial practices from popping up again in the future, say in a few years. The cycle repeats. Wall St. and the Fed are joined at the hip.
These comments are for those reading and not for you. You have demonstrated in the past you value the chip on your shoulder more than rational discourse.
Because a 30 loan on a portion of your collateral is a bailout? LOL!
The banks that were involved may pay it back but not soon.
How long do you think the discount window loans are for?
The private equity groups caught holding bad paper will not be paying anything back because their worthless paper was put up as collateral, they were bailed out.
At the end of the term of the loan, the borrowers will get the paper back and pay back the loan. With interest.
When you trade or invest, and you are allowed to turn your loss into federal reserve notes
How did they do that?
you are going to exchange those notes for another trade or investment eventually, because your business is trading and investing.
That's a nice fantasy you're spinning.
These comments are for those reading and not for you.
Hopefully the people reading the thread can tell you don't know what you're talking about.
You have demonstrated in the past you value the chip on your shoulder more than rational discourse.
Sorry if I made you look silly in the past by refuting your BS. If only you'd stop posting it, I could stop embarrassing you.
That’s par for your posting. More facts strewn about without a brain behind them.
The paper is held for 30 days and then renewed at the Fed’s discretion. They have stated it won’t be forever but it will certainly be for as long as their member banks need it to be. The deal was ‘you get the cash but show you are closing down your subprime operations and then pay back as soon as you can which is whenever you can’.
Private equity groups will pay back nothing because they posted the worthless collateral and the Fed holds that paper. The Fed may stipulate the loan be repaid but it will never be repaid. If you think otherwise, then it demonstrates what is already known about you. I expect you to show your ignorance here as in all things you post about.
sorry, I don’t know anyone who does or has done repos with the fed.
I love the bailouts where you have to pay back the loan, with interest.
Private equity groups will pay back nothing because they posted the worthless collateral and the Fed holds that paper.
Private equity groups are not allowed to borrow at the discount window.
If you think otherwise, then it demonstrates what is already known about you. I expect you to show your ignorance here as in all things you post about.
See, you post errors about private equity groups borrowing at the discount window and then you claim I'm ignorant. You're funny! And wrong. Again.
too late.....I've been called that already because I don't believe everything that comes out of the governmental Propaganda Printing Press.
Yes, that, absolutely, too.
That's EXACTLY what it is.
Yeppers. It most soytently is.
So what are the investors going to do with their dollar investments in the Middle East?
Hello. I have an itch....(snicker)
*scratch scratch*
: )
Good to *see* you!
What a week! Monday started with “manipulated inelastic oil prices” and Friday ends with private equity groups borrowing at the discount window.
LOL!
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