Zero Hedge - Latest Comments in Weekeend Readings

Re: Weekeend Readings

Johnny_Cashflow — Mon, 06 Jul 2009 12:34:07 -0000

I'd say that it's more likely that she's setting up for 2010. If it was for 2012 she could've just rode it out where she was.

Re: Weekeend Readings

Johnny_Cashflow — Mon, 06 Jul 2009 12:28:18 -0000

Amen

Re: Weekeend Readings

imapopulistnow — Sun, 05 Jul 2009 13:49:39 -0000

Agreed. They all new but the money was too great. Lewis implies that it was Goldman Sachs who ultimately brought AIG down by requiring collateral in the CDO contracts and then pricing the subprime bonds extremely low. Sounds to me like GS new it would blow up and new how to make a buck off of it blowing up.

In the fine words of Mr. von Pragg, Goldman Sachs just wants to be a "Force for Good".

Re: Weekeend Readings

joevan — Sun, 05 Jul 2009 10:40:29 -0000

Bah. Michael Lewis is contacted by Jake Desantis--the whiny fuck who complained about losing his bonus in the Times--and he deserves no sympathy. His letter made it clear that even if Cassano was the instigator nobody at AIG understand exactly what's wrong with what they did, or why taxpayers were furious. Lewis is just an apologist here: pointing out the worst to defend the complicit.

Re: Weekeend Readings

Guest — Sun, 05 Jul 2009 06:33:48 -0000

3:11 AM post Tyler. Noice. 311 Has Green Shoots, ya dig?

Hope everyone had a Happy 4th. I'm sure Libations and Green Shoots were abound.

Re: Weekeend Readings

texpat — Sun, 05 Jul 2009 02:50:47 -0000

I wonder how long it took for him to realize he'd been had, and what fate might lie in wait if he misbehaved.

He talked a great game to get elected, but realistically, things would have been the same under McCain. Same ex-GS guys raping the taxpayer and the treasury.

Does anyone really know what's going to happen when the $1.2 trillion of MBS held by the treasury/Fed(?) starts to go bad?

Re: Weekeend Readings

KwShinigami — Sun, 05 Jul 2009 00:28:17 -0000

yeah much more than Ron Paul right?

Re: Weekeend Readings

Sat, 04 Jul 2009 23:20:36 -0000

Personally hunt yu down!!!!

Re: Weekeend Readings

Sat, 04 Jul 2009 23:19:03 -0000

Cetin I am going to personally hunt you down if I ever see another post on this site!!!

Re: Weekeend Readings

ghostfaceinvestah — Sat, 04 Jul 2009 22:43:27 -0000

Obama is worse than Bush, in that at least with Bush you knew you were getting a guy tightly tied to oil money.

They are both corrupt, but at least Bush's corruption was a bit more "honest". Hussein is nothing but a sham.

Re: Weekeend Readings

onetwothree — Sat, 04 Jul 2009 22:38:19 -0000

I was consistently surprised by the positive view of BHO during his campaign. Like the non-existent outrage and mourning that the media concocted after 9/11, I think it was mostly an illusion. (Though, it's hard to make huge crowds as a product of illusion...)

His first big national speech, his keynote for the DNC had this howler in it,

___We coach Little League in the Blue States and have gay friends in the Red States. ... We are one people, all of us pledging allegiance to the stars and stripes, all of us defending the United States of America.___

I remember being very embarrassed to here this. It was...weak and pathetic. Smarmy, and cliches, and PC, and trendy, and weak all at once. You've got your fake patriotism, your fake traditionalism, your fake give-a-shit-about-homos, your fake dichotomy, your fake imagery. And that stupid little quip is what the MSM grabbed onto and turned into a Kennedy moment.

Re: Weekeend Readings

cetin-steals — Sat, 04 Jul 2009 21:38:07 -0000

Hey, how about you STOP RIPPING OFF DENNINGER, you spammer. LAME.

Re: Weekeend Readings

cetinsux — Sat, 04 Jul 2009 21:32:37 -0000

Your articles, they are filled with FAIL. Please go away, Cetin. STOP SPAMMING.

Re: Weekeend Readings

Malaise — Sat, 04 Jul 2009 21:23:14 -0000

So how did she negotiate the gas pipeline deal with Exxon , if she's stupid.

Re: Weekeend Readings

kclcpa — Sat, 04 Jul 2009 21:17:21 -0000

The "stupid" american people elected barry...stupid.

Re: Weekeend Readings

Malaise — Sat, 04 Jul 2009 21:15:47 -0000

Come on , he's from chicago , democrats get more money from banks then the republicans. He's corrupt like F.

Re: Weekeend Readings

disgust — Sat, 04 Jul 2009 20:27:55 -0000

All I hear everywhere is talk of mistakes, yet all I see is fraud. Blatant fraud. Fraud from the borrower's lying about their info on applications, fraud from the loan officers lying to the borrowers and playing photoshop with qualifying docs, fraud from the processors and underwriters who kept quiet and didn't do their jobs, fraud from the heads of the mortgage companies that oversaw these chop shops, fraud from the I-banks who were packaging the loans and selling them, fraud by the ratings agencies that gave AAA's to pools of 95% sub prime loans, and fraud by the entire government apparatus dedicated to regulating the markets and protecting the country. Why did it all happen? Money. Why haven't we seen any arrests or indictments? Money. The only thing we can hope for now is that the politicians owned by the street will turn against them for hopes of political and personal gain.

Re: Weekeend Readings

Art Vandelay — Sat, 04 Jul 2009 19:23:44 -0000

I was certain you were going to blame this on the vast international Zionist conspiracy that you seem to be obsessed with.

Re: Weekeend Readings

Guest — Sat, 04 Jul 2009 18:54:25 -0000

That's the power of an $889 million lobby to Obama. Great IRR.

Re: Weekeend Readings

imapopulistnow — Sat, 04 Jul 2009 18:30:43 -0000

In retrospect, Mitt Romney was the only candidate who understood our economic situation. Unfortunately he made a conscious decision to team up with the established powers, thinking this would be needed to get elected. His strategy backfired, because even conservatives were tired of business as usual and selected an outsider, McCain as their candidate, unfortunately someone who was being candid when he admitted that he didn't have a clue about economic issues.

Now we are stuck with emotion-driven idealogues who, in spite of their best intentions to "save the planet" and provide "justice of all" are running us into the ground with big government programs and inefficient baggage that will be around for decades to come. The Volkers and other wise men /women have been cast aside and old school liberal politics prevail. We are eating what ever is left of the seed corn that we have not already let spoil.

And Goldman Sach's response to this? Screw them. Buy some political cover with large donations and then suck all we can out of this broken system before it goes down completely.

Now that is what I call a "force for good".

Re: Weekeend Readings

wawawa — Sat, 04 Jul 2009 18:13:28 -0000

This country has been controlled by centers of Money who has bought politicians in the Congress and the WhiteHouse.

It is not new, it has been going on tacidly forthe last 100 years.

Who would have thought an obscure/inexperience/junior senator would be president of the USA? Why Romney misteriously withdraw from Republican campain and opened the door for McCain, who has not chance in hell or i nheaven to get elected.

It was all by design. Our democacy is a sham. I gave Obama the benefits of the doubts, but only after 30 days in the office I was convinced that he is a pawn just like bush.

Re: Weekeend Readings

imapopulistnow — Sat, 04 Jul 2009 18:11:46 -0000

Next time my vote for President is going to Obama's speech writer.

Re: Weekeend Readings

Moderate Party — Sat, 04 Jul 2009 18:06:46 -0000

I am very surprised at how weak Obama has been in office compared to his campaign. He has allowed himself to be manipulated to a large extent and instead of being an agent of change as promised, he has become nothing more than a rubber stamp for the same Wall Streeters who caused this mess. I really thought he would have had the cajones to stand up to these guys. I guess he is just too young and inexperienced, just like McCain and Clinton said. When you step back and think about it, he was probably the worst choice of any of the candidates from either party that started out seeking the Presidency. We really needed someone who was older, wiser and had been around the block a few times. When he appointed Geithner, that was a big tipoff.

Re: Weekeend Readings

imapopulistnow — Sat, 04 Jul 2009 18:00:13 -0000

Goldman Sachs has removed all doubt about who really controls America. 10 million unemployed, 10 million more underemployed, millions losing their homes, a slow, steady, pernicious decline in living standards and wealth, Goldman knows that the "game" is over and their response is to soak it for as much as they can before the doomsday arrives. Our government is controlled by children who do not have a clue on what makes an economy strong. Our leadership has been bought off with part-time hedge fund gigs that pay 5 million a year. Deceit is rampant, be it in climate change, banking, sharing the political spoils. The left and the right are both guilty of engaging in "the end justifies the means" charades to further their dogmatic beliefs. I have never felt so low about a July 4th in my life. There is NOTHING to celebrate about the direction of this once great nation of ours. We have given up the mantle. The future is for China and others to grasp as fall into a morass of incompetency and greed. Enjoy your bonuses, asshats.

Re: Weekeend Readings

texpat — Sat, 04 Jul 2009 17:54:43 -0000

Yes, but she's demanding to be paid in dog biscuits!

At least they hold their value.