154 trillion dollar bailout?
been hearing that BOA and Jpmorgan have transfered over 150 trillion dollars of risk on to the FDIC and federal reserve?
http://dailybail.com/home/holy-bailo...illion-of.html
http://dailybail.com/home/holy-bailo...illion-of.html
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http://reason.com/blog/2011/10/20/sc...mmentcontainer
The United States will officially pass the 100 percent debt-to-GDP line on Halloween. Via Zero Hedge:
We decided to dig into the actual numbers (cancelling out the per capital denominator as it is the same on both sides of the equation) and came to a very disturbing revelation: as of today, total US Debt, is $14.942 trillion (source), obviously an all time high. Q2 GDP as was reported by the BEA three weeks ago, was $15.012 trillion in current dollars. In other words, the spread between total GDP and total debt has now collapsed to an all time low $70 billion. Incidentally, this number was $1.8 trillion at the beginning of 2010. Then we decided to take a quick look at theupcoming bond issuance and find that tomorrow the Treasury will announce approximately $99 billion in 2, 5 and 7 Year bonds to be auctioned off October 25 through 27... With a very appropriate settlement date: October 31, elsewhere known as Halloween. Yes, ladies and gentlemen: All Hallows E'en will be doubly scary this year: for the first time since World War II, US debt will officially surpass GDP on Halloween 2011.
.Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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Why people still do business with BofA is beyond me. I wish everyone would close their accounts and let this crooked bank fold.
Thanks for the info, as sickening as it is
Amateur ContentICQ: 292 356 077Comment
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The american public another step closer to slavery...I don't endorse a god damn thing......
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@#$@#^%&@ holy crap!
The hippies on wall street are going to be pissed tonight!
~TheDoc - ICQ7765825
It's all disambiguation
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http://www.bloomberg.com/news/2011-1...bank-unit.htmlOriginally posted by Jesus H Christ
so.. yea. confirmed jp morgan as well
haha i want to believe you. however i do not.Originally posted by Jesus H Christ
from my understanding the derivatives here would be loans over time, amounting to a dollar amount.
because the GDP doesn't match that dollar amount, doesn't mean the problem 'doesn't exist'
it just means banks loaned out more money than what could very well exist on the entire planetComment
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if this is true, i don't think america has that option
those accounts would be frozen at the first sign of troubleComment
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How many trillions have they made since 1913? Think Bill Gates was ever anywhere near the richest person in the world?
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"Using figures provided by bank analyst Richard Bove of Rochdale Securities, we can estimate that the FDIC obligation to depositors at the bank is about $800 billion, compared to the FDIC?s reserves of $3.9 billion."
This is all gonna end very well. I can feel it.
http://firedoglake.com/2011/10/20/ba...make-a-profit/Comment
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But remember folks, like the OWS movement tells us, it's got nothing to do with the politicians that actually CONTROL the federal government and who DECIDE where our money is going to be given.... ignore that! We should just re-elect them, and give them MORE of our money and MORE CONTROL over our economy and marketplace, since they are doing such a great job. It's not their fault! It's all the banks fault!
Oy!
.Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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And that my friend is the whole Marlboroack family generations income till the world ends.Comment
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I've wanted to move from BofA for awhile. Today did it, new account already opened.Comment
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No longer with BOFA, now I have to figure out my way out of Citi, that will be hard.| skype: getscorecash | ICQ: 59-271-063 |
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I love the tech at chase, daughter calls and needs a few bucks, couple clicks from my droid and I can transfer money right into her account.
As for the rest, I'm wondering if I have enough ammo?Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about thatComment
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OWS movement tells us that? or is that what you hear?But remember folks, like the OWS movement tells us, it's got nothing to do with the politicians that actually CONTROL the federal government and who DECIDE where our money is going to be given.... ignore that! We should just re-elect them, and give them MORE of our money and MORE CONTROL over our economy and marketplace, since they are doing such a great job. It's not their fault! It's all the banks fault!
Oy!
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who control (ie: pays for) the politicians idiot?But remember folks, like the OWS movement tells us, it's got nothing to do with the politicians that actually CONTROL the federal government and who DECIDE where our money is going to be given.... ignore that! We should just re-elect them, and give them MORE of our money and MORE CONTROL over our economy and marketplace, since they are doing such a great job. It's not their fault! It's all the banks fault!
Oy!
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here is William Blacks (William Kurt Black [born 6 September 1951] is an American lawyer, academic, author, and a former bank regulator.) take on what has occured here:
http://dailybail.com/home/william-bl...-americas.htmlComment
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bloomberg somewhere..
edit: http://www.bloomberg.com/news/2011-1...bank-unit.html
but i, and we, haven't been able to find ANY other mention of this on other newspapers.. even the ones, as pointed out earlier in this thread, one would think to find it on
creepy.Comment
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yes but i don't see exactly the same information, or this is perhaps my english that is too poor (that's possible)Comment
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Say goodbye to the sovereignty of your country when it cant repay the debts and then the bankers regulate it through bankruptcy.Dear USA, Your 9/11 is our 24/7, Sincerely Palestine xxComment
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Yes Masta'
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Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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actual story:
http://www.bloomberg.com/news/2011-1...bank-unit.html
Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.
The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren?t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn?t believe regulatory approval is needed, said people with knowledge of its position.Comment
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Ahh... yes the OWS movement is more focused on wall street, while the Occupy movement in general is focused on many topics, including wall street and out of control gov at all levels. Sometimes the focus is at the local level, sometimes at the State, the Gov and even some directly towards the Reserve, and much more.But remember folks, like the OWS movement tells us, it's got nothing to do with the politicians that actually CONTROL the federal government and who DECIDE where our money is going to be given.... ignore that! We should just re-elect them, and give them MORE of our money and MORE CONTROL over our economy and marketplace, since they are doing such a great job. It's not their fault! It's all the banks fault!
Oy!
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That's the joy of this movement... you know what's wrong, you know one of many ways we're getting screwed - so go out and protest it. Someone else might think something else is totally screwed up, and that's fine too, because it is.
At this point, it would be easier for us to list what's not screwed up... so people have a reason to be pissed, and they are, and clearly you are some what too!Last edited by TheDoc; 10-20-2011, 05:02 PM. ~TheDoc - ICQ7765825
It's all disambiguationComment
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Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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And the banks dont control the government. Are you Naive? Also a side note Japan is 197% of gdp and dont see them falling off a cliff. Everyone wanted to go to war and pay the lowest taxes in 50 yrs and your surprised? lolBut remember folks, like the OWS movement tells us, it's got nothing to do with the politicians that actually CONTROL the federal government and who DECIDE where our money is going to be given.... ignore that! We should just re-elect them, and give them MORE of our money and MORE CONTROL over our economy and marketplace, since they are doing such a great job. It's not their fault! It's all the banks fault!
Oy!
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No worries, the recovery is juuuuuuuuust around the corner. Then it's all rainbows and unicorns again.Comment
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i believe it is notional, but with this quote:
"Using figures provided by bank analyst Richard Bove of Rochdale Securities, we can estimate that the FDIC obligation to depositors at the bank is about $800 billion, compared to the FDIC?s reserves of $3.9 billion."
so..Comment
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Derivatives have nothing to do with how much hard money there is in the world. You could be betting on the entire real estate market, which obviously is in the trillions, but is not in actual currency form.
According to the Bank for International Settlements, which is like a bank for central banks, as of last year there were $601 trillion in outstanding derivatives.
http://www.bis.org/statistics/otcder/dt1920a.pdfComment
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