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Goldman Arming Itself? :->
Market Ticker ^ | 1 Dec 2009 | Karl Denninger

Posted on 12/01/2009 8:05:57 AM PST by DuncanWaring

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To: marshmallow

“Such a person usually wants to look into the eyes of his/her victim and see the fear in that person’s eyes and make it clear to him/her that “justice” is about to be done. It’s part of the deal for people who consider they’ve been wronged. Before they dispatch their victim, the victim has to know that he/she has lost and the executioner has won.”

Spot on, man. It would be more practical to take out your enemy from a distance, escape yourself, and be done with it. But vengeance and settling the score is an innate aspect of human nature; it’s all about ego. That’s why James Bond or 1960’s Batman is always put through some elaborate means of death, he has to KNOW he was defeated before he actually IS defeated.

As far as these bankers, hmmm. Bankers, politicians, or gangbangers? Any of these groups would make fine targets, which one first?


61 posted on 12/01/2009 9:54:25 AM PST by lado
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To: DuncanWaring
Goldman Sachs, you're first.

Washington DC, you're next.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

62 posted on 12/01/2009 9:57:09 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: Travis McGee

There is likely to come a time when ownership of a 200-foot megayacht is prima facie evidence of major past misdeeds.

After a couple of these guys meet untimely ends, the rest will spend the rest of their lives looking over their shoulders.


63 posted on 12/01/2009 10:01:44 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: NVDave

The bankers should get socialism?

They desreve it?

Have you read liberty and tyranny by Mark Levin?

Whay are you even here on FR?

Go piss off you socialist jerk.


64 posted on 12/01/2009 10:02:16 AM PST by Candor7 ((The effective weapons Against Fascism are ridicule, derision, and truth (.Member NRA))
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To: dcwusmc

Drink the kool aide, lick out the container.

And pi$$ off.


65 posted on 12/01/2009 10:04:39 AM PST by Candor7 ((The effective weapons Against Fascism are ridicule, derision, and truth (.Member NRA))
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To: Candor7

And who pissed in YOUR Wheaties this morning? I surely was polite and even cordial. Go piss up a rope, jackass.


66 posted on 12/01/2009 10:10:28 AM PST by dcwusmc (We need to make government so small that it can be drowned in a bathtub. III OK)
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To: saganite
So, who do we hang first? The politicians or the bankers?

This is exactly the question which should never be asked, and would never have to be asked, if we just plan ahead.

Buy twice as much rope.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

67 posted on 12/01/2009 10:15:15 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: Mase

Thanks FRiend. This is the beginning of the socialization of our free market system uder the guise of “regulation” of greed.All they had to do to prevent the last debacle was enforce laws on the books. They all conspired to avoid that at the leadership of government, not leadership of the banks or Wall Street.

The greed that needs regulating is within government, and in its bureaucracy, not in banking or Wall Street. The stock market is largely a free capitalist trading network, and Obama can’t stand the fact that it is the one area of our economy that is doing well. It shows his other policies as lies.Obama has sent out his running dogs to stir up a pot of villany that does not exist outside of government.
And this is a slick attempt, under the guise of good old boy witinig about guns , ammo ,and self defence education of bankers, using stereotypes of the profession.

Another crisis is being created, and for those who are way back on the learning curve?Smarten up or pi$$ off.What is this , maybe our fifth or sixth “created crisis?”When are y’all going to actually start to SEE whats going on?PROPOGANDA! RECOGNIZE IT!

Man do we have some slow learners, even here on FR.


68 posted on 12/01/2009 10:15:15 AM PST by Candor7 ((The effective weapons Against Fascism are ridicule, derision, and truth (.Member NRA))
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To: DuncanWaring

Yes, I agree, but creating one more set of villains for Obama is a step too far.And we don’t need any more “regulations.” We need investigations and trials under current law. Fat chance of that happeninig eh?To many dem bankers would be under the axe.

Barney Franks has enough skeletons in his closet to put him away for the rest of his natural days.

I don’t buy this patronizing of conserative gun stereotypes to socialize our banking and stock market. The lefty prigs are suggesting as of last week,a tax on every trade made (0.05% of the purchase value) just to slow down the stock market, the one bright spot we have in a struggling economy? People need to wake up here and start digging in.


69 posted on 12/01/2009 10:21:32 AM PST by Candor7 ((The effective weapons Against Fascism are ridicule, derision, and truth (.Member NRA))
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To: NVDave
As far as I’m concerned, bankers asked for socialism. They should get it - good and hard. Right down to the last detail.... the part where the government officials inquire “in which ear would you like your bullet, comrade?” and the after-detail, where his next of kin are billed for the bullet.

Really? Do you think that socialism is of the bankers-only type?

Do you think that your bullet scenario is socialism and not a murderous fascist dictatorship?

Maybe you should learn about different types of regimes before you talk about executing fellow citizens and billing their families for the bullets a la Saddam Hussein's regime.

70 posted on 12/01/2009 10:22:46 AM PST by melancholy (Hey Marxists, don't Crap & Tread on me. Zer0's defeat is now in progress.)
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To: NVDave

Good post. Many still don’t realize how they’ve been had by those setting up an oligarchy that is anything but free market based.

The short of it is that the investment banks pumped up a bunch of shaky investments (bad loans) as having value and sold and traded them for ridiculously overvalued prices. Anyone on the inside knowing what these so called ‘investments’ were actually composed of would have known that a crash was inevitable.

I don’t understand how anyone could call trillions of dollars of wealth transfer from the taxpayers to private firms that offered fraudulent investment vehicles a free market system. We have been robbed both by Congress and the Wall Street oligarchy.

This economy didn’t become great by playing a sly game of hide the sausage with money and debt. Real money is made by producing and selling tangibles and investing based upon sound lending principles. Until we get back to these fundamentals and some of these too big to fail firms that were built on a foundation of sand are allowed to suffer the consequences of their own actions our economy will continue to flounder.


71 posted on 12/01/2009 10:31:57 AM PST by Torpedo Eight
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To: DuncanWaring

Really...how does that work?


72 posted on 12/01/2009 10:32:59 AM PST by gogeo (Lefties...making small minded pettiness seem...well, fashionable.)
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To: Torpedo Eight

Don’t worry, the Republicans will save us! (Yeah, that’s sarcasm).


73 posted on 12/01/2009 10:33:42 AM PST by Wolfie
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To: DuncanWaring

Using a gun just means you put yourself in a position where you can be shot.


74 posted on 12/01/2009 10:34:12 AM PST by bvw
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To: melancholy

I’m talking of how the Communist Chinese kill business people who fail, cheat and steal and take down the state with them.

The PRC executed two people over the tainted milk scandal only last week:

http://www.cnn.com/2009/WORLD/asiapcf/11/24/china.milk.execution/index.html

Seems apropos, seeing as how we’re in hock to the PRC to the tune of about a trillion dollars, about $800 billion of that is US Treasury paper alone. And the reason why the deficit is exploding, the Fed’s balance sheet is continuing upwards like a homesick angel.... one day, the Chinese will flex their muscle.


75 posted on 12/01/2009 11:09:38 AM PST by NVDave
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To: Candor7

The bankers asked for, and got, crony socialism. They had the Treasury and the Fed take their worst assets off their balance sheets, backstop their paper and give them sweetheart deals. Go into the Fed’s balance sheet and look for “Maiden Lane,” LLC’s “I,” “II,” and “III.” Go look at TARP. Or the swap agreements executed by the Fed.

Socialism writ most large. And over $10 billion of it to SocGen, who is a French bank. All negotiated by (drum roll please) Timmy “I Blame Turbo-Tax” Geithner.

If you don’t know this, then you’re simply too ignorant to quantify, since the financial headlines have been filled with the these deals for the last 14 months. I don’t need to read nonsense by Levin. All I need to read are the Fed’s own balance sheet reports, the monthly releases out of the Treasury Department and the 10K’s/Q’s out of the banks who were bailed out.


76 posted on 12/01/2009 11:23:52 AM PST by NVDave
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To: DuncanWaring
I've read much of Denniger's work on the FR and am painfully aware of his fear mongering and of his ignorance on issues related to money and banking. On some issues I find agreement with him while on many others I do not. This article is a bunch of populist BS designed to whip up a frenzy of anti-banking and anti-capitalist feeling among those open to such BS.

Main street sticks Wall Street with trillions in losses and all he can do is rage against them while making up numbers ($12 trillion). He's a putz. All money used to bail out these banks will be paid back with interest and in the process we avoided an It's a Wonderful Life scenario from being played out across the country. They didn't steal anything. Government created this mess and because some smart bankers profited from it Denniger appears to be ready for some serious payback in the form of riots or worse. Sounds Bolshevik in nature to me but, then again, I've never been drawn to that sort of thing. Lies and fraud will always exist in a capitalist system and there will always be a down side to greed. Capitalism ain't perfect but it is light years better than any alternative. Denniger railing against the capitalists in this screed, while ignoring the real cause of this debacle, is inexcusable.

77 posted on 12/01/2009 11:24:36 AM PST by Mase (Save me from the people who would save me from myself!)
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To: DuncanWaring
Don't bother with soft body armor.  It's useless against rifles.  It is effective against pistols, which is why cops wear it

Speaking of body armour – what's the good word on how well it ages?
i.e. - does body armour have a shelf life?
Can it wear out?
Have there been any studies done on this question?

78 posted on 12/01/2009 11:31:39 AM PST by BerserkPatriot (There are no 1st Amendment rights without 2nd Amendment Rights)
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To: NVDave
I’m certainly not a “lefty” and I have plenty of problems with bankers.

Starting with their two-faced attitude towards “free markets” - which goes like this:

1. We bankers want a free, unregulated market. For us. Only for us. You little investors... you get the regulation. You’re stupid, and cannot be trusted with your own money.

2. We bankers want to be able to make outsized profits for doing nothing more significant than shuffling paper around our desks and making numbers dance like a fairy on the head of a pin. And when the numbers don’t add up, or our mathematical “models” blow up, we want to be bailed out by the taxpayers or the Fed.

3. When we ask for a bailout, we’re going to use the same tactics terrorists use: we’re going to walk onto Main Street USA with a financial suicide bomb strapped around us and yell “If you don’t bail us out, we’ll take you with us!”

4. When people protest about how much money we’re making off the loans the taxpayer gave us at absurdly below-market rates and terms, we’ll protest “we’re doing God’s work...” (as Blankfein did in London). It is nauseating when they wrap themselves in the flag, but to lay claim to knowing the intentions of the Almighty... well, Blankfein redefined “chutzpah” that day.

As far as I’m concerned, bankers asked for socialism. They should get it - good and hard. Right down to the last detail.... the part where the government officials inquire “in which ear would you like your bullet, comrade?” and the after-detail, where his next of kin are billed for the bullet.


Good post, I see that you ended up getting flamed by the empty sacs shilling for Goldman-Sachs. They want hybrid socialism, socialize the risk and privatize the gain, and if you don't like bailing them out they scream "SOCIALIST!!!"
79 posted on 12/01/2009 11:34:42 AM PST by fallujah-nuker (My vote made a difference. Because of my vote an extra ballot in had to be stuffed in King County.)
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To: Candor7
Class warfare from the right isn't a pretty sight. Populism and class warfare are not capitalistic or conservative in any way and calling for the heads of bankers because they made the right bets, and then profited from them, is reprehensible. When government wastes taxpayer money to support a business or industry it is the fault of government. But this is not the case here.

These banks pay huge sums in taxes every year and have cost the taxpayers nothing. Yet class warfare conservatives want to destroy them, confiscate their wealth, and then empower the government to further control what they do. Obama and his fellow Marxists will be pleased. Markets and the law be damned.

80 posted on 12/01/2009 11:52:00 AM PST by Mase (Save me from the people who would save me from myself!)
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