2011-10-07 — washingtonsblog.com
Something to note for those who think this is just about a bunch of leftists and their fetish for big government (see our blog yesterday on this topic for more) -- ``Karl Denninger -- one of the founders of the Tea Party -- certainly supports the protests, even if he doesn't agree with some of the positions taken by some of the protesters. And yesterday, the Oath Keepers and a founding member of the Tea Party announced that they are supporting the protests''
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My NPV at 19:41 2011-10-10 said:
Many folks are now first beginning to see the extent of the banking fraud contained within the off-balance sheet SIV and SPV's. The losses at Fannie and Freddie alone will exceed a trillion dollars courtesy of Chase, BAC, WFC, etc... past and continued "dumping ground" approach. We need to see mortgages fixed enmasse through independant NPV testing, and just fix em, no more games. The fallout from the nationalization of toxic mortgage assets has already put the American citizen on the hook for 4 trillion of outright purchases, repos & FRC swaps with member banks. You do not hear about toxic assets any longer because they are busy working dollar swaps direct with European banks (Euro central guarantee) and Bank of Japan. Gotta save the monetary system overseas through the IMF so we do not see the true velocity. Put back M3 and force banks to mark to the aisle and lets see who is standing the next morning. I cna bet you the dividends would stop. Permalinkadd a comment | go to forum thread
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