[Nancy_s soothsayer]

Our three rich uncles (known as the Three Stooges) are going to sit down and figure it out together. Or I think they already did. Two of the three, Bernanke and Paulson, are going to convince and explain to the remaining Stooge (Dodd, bank chairman?) who is not good in math, that the damage was already done, and, like HUMPTY-DUMPTY, no amount of cash can bring back the cracked, walking-dead, OVERBORROWED, Joe6Pack, to wholesome life again. All they can do now is to bailout the enablers who sold invesuckments (“investments”) and suckerities (“securities”) and collateralizedTOCRAP debt obligations (CDO’s) to every suckers in the world. The enablers are crying the loudest of course, and that is why they are getting the bailout in the form of discount ATM windows from the FED available only to the enablers. Worst of all, the enablers don’t give a sheeet-of-care to HUMPTY-DUMPTY. Thus, the trickle-down (or supply side) bailout from our rich uncles won’t really matter to poor HUMPTY-DUMPTY.

[Nancy_s soothsayer]

DISEASE: Suckerities

CAUSE: Securities sold by Wall Street and complicit Ratings Agencies (the ENABLERS)

SYMPTOMS: Massive insecurities felt by securities holders

CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.

[Nancy_s soothsayer]

DISEASE: Suckerities

CAUSE: Securities sold by Wall Street and complicit Ratings Agencies (the ENABLERS)

SYMPTOMS: Massive insecurities felt by securities holders

CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.

[Nancy_s soothsayer]

DISEASE: Suckerities

CAUSE: Securities sold by Wall Street and complicit Ratings Agencies (the ENABLERS)

SYMPTOMS: Massive insecurities felt by securities holders

CURE: Massive layoff of enablers and accountants who mark-to-myth instead of mark-to-ten-cents-on-the-dollar valuations. Afterward, intense regulation and oversight of those who remain on the job.

[Nancy_s soothsayer]

The focus of this thread is totally misleading. Why are we putting the spotlight and raising our ire towards bit and almost-innocent characters? Obama, Clinton, Edwards, etc. were not the main architects of this whole Ponzi scheme? They are just highlighting the fact that there exists a HUGE PROBLEM now, and something has to be done about it. So far, there is a lot of dribble, jawboning, and yet, really, nothing is done yet, except the bailout to the enablers once AGAIN. The Democrats have nothing to do with the current bailout, either.

The OP should direct the flashlight to put the glaring focus towards those who were at the helm who steered this whole country into a cluster-fraud.

[Nancy_s soothsayer]

The focus of this thread is totally misleading. Why are we putting the spotlight and raising our ire towards bit and almost-innocent characters? Obama, Clinton, Edwards, etc. were not the main architects of this whole Ponzi scheme? They are just highlighting the fact that there exists a HUGE PROBLEM now, and something has to be done about it. So far, there is a lot of dribble, jawboning, and yet, really, nothing is done yet, except the bailout to the enablers once AGAIN. The Democrats have nothing to do with the current bailout, either.

The OP should direct the flashlight to put the glaring focus towards those who were at the helm who steered this whole country into a cluster-fraud.

[Nancy_s soothsayer]

The focus of this thread is totally misleading. Why are we putting the spotlight and raising our ire towards bit and almost-innocent characters? Obama, Clinton, Edwards, etc. were not the main architects of this whole Ponzi scheme? They are just highlighting the fact that there exists a HUGE PROBLEM now, and something has to be done about it. So far, there is a lot of dribble, jawboning, and yet, really, nothing is done yet, except the bailout to the enablers once AGAIN. The Democrats have nothing to do with the current bailout, either.

The OP should direct the flashlight to put the glaring focus towards those who were at the helm who steered this whole country into a cluster-fraud.

[Nancy_s soothsayer]

Both my crystal ball and specially my readings point to a sad reality that money institutions have already started a bank run. These institutions (pension funds, mutual funds, insurance funds, etc) have tried to liquidate into cash or simply have done a cash out and, voila, it no longer is easy to take cash out. Some of these money institutions have been waiting days and days to see the cash materialize or transferred inhouse. They were not totally liquidating yet – they were just testing the waters by withdrawing portions of their balances. Will these revelations make them more paranoid?

However, no need to panic for us little peons outside of Countrywide because we are not big-money institutions.

[Nancy_s soothsayer]

Both my crystal ball and specially my readings point to a sad reality that money institutions have already started a bank run. These institutions (pension funds, mutual funds, insurance funds, etc) have tried to liquidate into cash or simply have done a cash out and, voila, it no longer is easy to take cash out. Some of these money institutions have been waiting days and days to see the cash materialize or transferred inhouse. They were not totally liquidating yet – they were just testing the waters by withdrawing portions of their balances. Will these revelations make them more paranoid?

However, no need to panic for us little peons outside of Countrywide because we are not big-money institutions.

[Nancy_s soothsayer]

Both my crystal ball and specially my readings point to a sad reality that money institutions have already started a bank run. These institutions (pension funds, mutual funds, insurance funds, etc) have tried to liquidate into cash or simply have done a cash out and, voila, it no longer is easy to take cash out. Some of these money institutions have been waiting days and days to see the cash materialize or transferred inhouse. They were not totally liquidating yet – they were just testing the waters by withdrawing portions of their balances. Will these revelations make them more paranoid?

However, no need to panic for us little peons outside of Countrywide because we are not big-money institutions.

[Nancy_s soothsayer]

“Uh, yes but it’s hill-billie texas. Hey, I can say that because I was born there. ”

Hey, dude, you may call Crawford, Texans as hill-billies, but people in Austin will fight to deny that. For people in high-tech gadgetry, the Frye’s store in Austin is five times better than the one in San Diego.

[Nancy_s soothsayer]

“Uh, yes but it’s hill-billie texas. Hey, I can say that because I was born there. ”

Hey, dude, you may call Crawford, Texans as hill-billies, but people in Austin will fight to deny that. For people in high-tech gadgetry, the Frye’s store in Austin is five times better than the one in San Diego.

[Nancy_s soothsayer]

“Uh, yes but it’s hill-billie texas. Hey, I can say that because I was born there. ”

Hey, dude, you may call Crawford, Texans as hill-billies, but people in Austin will fight to deny that. For people in high-tech gadgetry, the Frye’s store in Austin is five times better than the one in San Diego.

[Nancy_s soothsayer]

Could there be a children’s nursery rhyme dedicated to the boatloads of homedebtors in 4-Closure ranch (Sienna Ridge) who bought their albatross in 2005? Might it go something like this:

Row, row, row your debt
Gently down the stream
Merrily, merrily – to the money pit
House is but a DRAIN!

After October 2009, those 2005 buyers with vaporized net worth would wake up to harsh reality and find themselves toiling as serfs to enormous long-term debts. Deflated values up to 50% off become obvious.

[Nancy_s soothsayer]

Could there be a children’s nursery rhyme dedicated to the boatloads of homedebtors in 4-Closure ranch (Sienna Ridge) who bought their albatross in 2005? Might it go something like this:

Row, row, row your debt
Gently down the stream
Merrily, merrily – to the money pit
House is but a DRAIN!

After October 2009, those 2005 buyers with vaporized net worth would wake up to harsh reality and find themselves toiling as serfs to enormous long-term debts. Deflated values up to 50% off become obvious.

[Author]

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