Home › Forums › Financial Markets/Economics › Obama Goes All Out For Dirty Banker Deal
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August 26, 2011 at 7:48 AM #725872August 26, 2011 at 8:02 AM #724674ArrayaParticipant
This was an arranged marriage. There was no due diligence, and it is almost certain that uncle Warren has zero actual capital at risk…but instead a note from Obama to excuse any future capital losses.
But, I’m still putting the sequence of events together…
So BAC is failing along with a few large banks in the EU such as SocGen and Unicredit. Obama calls Buffet on August 22. For some reason Warren gets in a bathtub(according to CNBC) and comes up with this magical idea to throw a few billion at Bank of America … That same BoA that adamently claims it does not need money while its still trying to quietly sell assetts at firesale prices. Hmm.
What did Obama talk Buffet about?
I seem to remember Buffet investing 5 billion in Goldman Sachs right before the big bailout.
The USG has Warren’s back – he has no risk. Indeed, the ethical capitalist.
It’s all smoke, mirrors and creative narratives from this point on.
August 26, 2011 at 8:02 AM #724765ArrayaParticipantThis was an arranged marriage. There was no due diligence, and it is almost certain that uncle Warren has zero actual capital at risk…but instead a note from Obama to excuse any future capital losses.
But, I’m still putting the sequence of events together…
So BAC is failing along with a few large banks in the EU such as SocGen and Unicredit. Obama calls Buffet on August 22. For some reason Warren gets in a bathtub(according to CNBC) and comes up with this magical idea to throw a few billion at Bank of America … That same BoA that adamently claims it does not need money while its still trying to quietly sell assetts at firesale prices. Hmm.
What did Obama talk Buffet about?
I seem to remember Buffet investing 5 billion in Goldman Sachs right before the big bailout.
The USG has Warren’s back – he has no risk. Indeed, the ethical capitalist.
It’s all smoke, mirrors and creative narratives from this point on.
August 26, 2011 at 8:02 AM #725364ArrayaParticipantThis was an arranged marriage. There was no due diligence, and it is almost certain that uncle Warren has zero actual capital at risk…but instead a note from Obama to excuse any future capital losses.
But, I’m still putting the sequence of events together…
So BAC is failing along with a few large banks in the EU such as SocGen and Unicredit. Obama calls Buffet on August 22. For some reason Warren gets in a bathtub(according to CNBC) and comes up with this magical idea to throw a few billion at Bank of America … That same BoA that adamently claims it does not need money while its still trying to quietly sell assetts at firesale prices. Hmm.
What did Obama talk Buffet about?
I seem to remember Buffet investing 5 billion in Goldman Sachs right before the big bailout.
The USG has Warren’s back – he has no risk. Indeed, the ethical capitalist.
It’s all smoke, mirrors and creative narratives from this point on.
August 26, 2011 at 8:02 AM #725519ArrayaParticipantThis was an arranged marriage. There was no due diligence, and it is almost certain that uncle Warren has zero actual capital at risk…but instead a note from Obama to excuse any future capital losses.
But, I’m still putting the sequence of events together…
So BAC is failing along with a few large banks in the EU such as SocGen and Unicredit. Obama calls Buffet on August 22. For some reason Warren gets in a bathtub(according to CNBC) and comes up with this magical idea to throw a few billion at Bank of America … That same BoA that adamently claims it does not need money while its still trying to quietly sell assetts at firesale prices. Hmm.
What did Obama talk Buffet about?
I seem to remember Buffet investing 5 billion in Goldman Sachs right before the big bailout.
The USG has Warren’s back – he has no risk. Indeed, the ethical capitalist.
It’s all smoke, mirrors and creative narratives from this point on.
August 26, 2011 at 8:02 AM #725882ArrayaParticipantThis was an arranged marriage. There was no due diligence, and it is almost certain that uncle Warren has zero actual capital at risk…but instead a note from Obama to excuse any future capital losses.
But, I’m still putting the sequence of events together…
So BAC is failing along with a few large banks in the EU such as SocGen and Unicredit. Obama calls Buffet on August 22. For some reason Warren gets in a bathtub(according to CNBC) and comes up with this magical idea to throw a few billion at Bank of America … That same BoA that adamently claims it does not need money while its still trying to quietly sell assetts at firesale prices. Hmm.
What did Obama talk Buffet about?
I seem to remember Buffet investing 5 billion in Goldman Sachs right before the big bailout.
The USG has Warren’s back – he has no risk. Indeed, the ethical capitalist.
It’s all smoke, mirrors and creative narratives from this point on.
August 26, 2011 at 8:02 AM #724679DomoArigatoParticipant[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.
No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).
If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.
August 26, 2011 at 8:02 AM #724770DomoArigatoParticipant[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.
No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).
If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.
August 26, 2011 at 8:02 AM #725369DomoArigatoParticipant[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.
No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).
If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.
August 26, 2011 at 8:02 AM #725524DomoArigatoParticipant[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.
No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).
If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.
August 26, 2011 at 8:02 AM #725887DomoArigatoParticipant[quote=ucodegen]
Geesh, I get real tired when I keep hearing that the banks were the main problem. They weren’t. They did screw up, but it also cost them. [/quote]Unfortunately, it didn’t cost them. The Fed gave the criminal banksters $16 trillion so they could cover their losses.
No one else who screwed up got anywhere near this kind of bailout. All of that $16 trillion went to Obama’s criminal bankster buddies like Lloyd Bankfiend (CEO of Government Sachs) and Jamie Dimon (CEO of JPM).
If the banksters did actually have to pay for their mistakes, both Government Sachs and JPM would be bankrupt. Unfortunately, taxpayers had to pay for their mistakes instead and are left to try and pay down a $14 trillion deficit created by the bailout of the criminal banksters.
August 26, 2011 at 8:09 AM #724684GHParticipantOne cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.
August 26, 2011 at 8:09 AM #724775GHParticipantOne cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.
August 26, 2011 at 8:09 AM #725374GHParticipantOne cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.
August 26, 2011 at 8:09 AM #725529GHParticipantOne cannot help but wonder if Warren Buffett does not have some inside scoop on this. I cannot see dumping 5 billion on BOFA without some kind of assurances.
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