| User Info
| Janet Tavakoli Has Had Enough in forum [Market-Ticker]
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Custodialmoney
Posts: 395
Incept: 2009-09-19
The 'invisible hand' is in your pocket.
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And on the pedestal these words appear: "My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay / Of that colossal wreck, boundless and bare / The lone and level sands stretch far away. -- Percy Bysshe Shelley
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Inkt2002
Posts: 99
Incept: 2009-07-15
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Off topic, but wanted to congratulate Karl on the prediction he made over the weekend (while all the pundits on TV and Obama were predicting a huge crash Monday) that Monday would bring a small down day and then the sell-off would get progressively worse throughout the week if no negotiating improvements were made.
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Popothebright
Posts: 2756
Incept: 2008-05-16
Bangkok
Banned
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The Credit Ratings agencies are going to go down with the ship.
Some companies will survive what's coming. The ratings agencies won't be among them...
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In America the choice of political party is little more than a choice of which corrupt management team implements the corporate agenda.
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Financial
Posts: 82
Incept: 2010-12-08
Iowa
Online
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Nice to have at least somebody state the obvious. Especially someone with great credentials. Investors will have to consider these facts against how long the extend and pretend process can continue.
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Creditcalmass
Posts: 1636
Incept: 2008-06-04
New Englands Rising Star
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Pre-emptive strike at the NRSROs in anticipation of a US downgrade?
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"True strength lies in gentleness"
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Billy_ray_v
Posts: 1040
Incept: 2010-10-08
east of the rockies
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So in layman's terms since the possibility of a US AAA Downgrade looms soon,she has removed their ability to do so?
Or is it for everyone else not .gov instruments?
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When a country allows itself to be coerced,it has to suffer
the consequences.
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Digalert
Posts: 217
Incept: 2009-09-19
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I believe it was DeMint on Hannity yesterday talking of his favor for the Connie Mack plan. Cut 1% each year for six years and...balanced-budget.
The senator said that all the budget plans floating around, sans Mack bill, presume a baseline debt growth of 7% each year. So they are talking about cutting from that expected growth, which will do...nothing.
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Truthseeker
Posts: 8479
Incept: 2007-10-07
NorCal
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Janet is nearly always up to something useful. I just hope she joins Karl behind the inquisition table when this is all over and we need to clean up.
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"...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente
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Jimg
Posts: 180
Incept: 2009-02-04
Dunedin, FL
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By all rights the downgrade should have occurred immediately on the signing of TRA 2010 last December.
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Etz
Posts: 13890
Incept: 2007-06-26
LA
Online
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Actually the downgrade was due when Obankster stooge appointed Beavis as Treasury Secretary.
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Crossthread
Posts: 4568
Incept: 2007-09-04
Wilmington, NC
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Quote:Criticalmass: Pre-emptive strike at the NRSROs in anticipation of a US downgrade?
My thoughts also.
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“Cognitive Co-Dependency” is when a normal rational person, internalizes irrational illogical presentations, and somehow reconciles them to fit their scripted indoctrination of logical analysis.Quote:Samuel L. Clemens:There is NO Native Criminal Class; EXCEPT for CONgress
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Seriousslacker
Posts: 1482
Incept: 2008-09-30
Spinning Clockwise or Counter Clockwise?
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Quote:In upholding the NRSRO designation the SEC and Congress are as irrelevant to the truth as Galileo’s inquisitors when they forced him to recant his upholding of Copernicus’ idea that the earth moves around the sun. My favorite quote from the article! |
Smacktle
Posts: 1362
Incept: 2009-01-20
Texas
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This gets better and better as we go along. Or worse and worse depending on how you view this.
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Frat
Posts: 1935
Incept: 2009-07-15
NKY
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What real-world ramifications does this have?
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We're ****ed. Where's Henry Bowman when you need him?
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Genesis
Posts: 130787
Incept: 2007-06-26
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None. It's just an expression of disgust.
Well, unless it spreads to too many other financial professionals....
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Financial
Posts: 82
Incept: 2010-12-08
Iowa
Online
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Basically just seems to be calling attention to the over the counter derivative market and saying that anyone that has any exposure to that (which is just about everybody) can't be accurately rated. Many of these products are designed to be poorly understood even to those who buy them. (Traders, Guns and Money)
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Genesis
Posts: 130787
Incept: 2007-06-26
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The purpose of issuing something that requires 1,000 pages of documentation to "accurately describe it" is to make it impossible to understand it before you buy it.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Rjazz117
Posts: 17801
Incept: 2007-09-11
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Tavakoli isn't the only one that has had enough.
Love that lady, though.
Gen...right again...the ONLY purpose of 1k+ page documentation is to obfuscate, not elucidate.
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 “To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |
Bigbluffer
Posts: 1330
Incept: 2010-11-01
NC
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Quote:The purpose of issuing something that requires 1,000 pages of documentation to "accurately describe it" is to make it impossible to understand it before you buy it. Ain't that the truth. I just recently had some IRA money to roll over and received the prospectus for the fund I invested in, its still sitting next to my chair here. It is over 1000 pages. Unbelievable! |
