tag:blogger.com,1999:blog-7982981413278241287.post5682457012090661935..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Big Wall Street Banks Hide Their True Debt Levels Every Quarter NowDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7982981413278241287.post-56610637640736692052010-04-09T22:17:01.251-06:002010-04-09T22:17:01.251-06:00Let's see--so the 18 banks which already are g...Let's see--so the 18 banks which already are getting a free pass on the mark to fantasy accounting, still have to window dress their balance sheets to look good so they can continue to leverage up not to give credit to consumers or small business, but to fund their proprietary trading desks to better utilize their HFT and buy each others stocks to run those up for their option bonus and performance plans.<br /><br />Did I miss anything essential?Halnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-61276637292160953712010-04-09T13:43:30.179-06:002010-04-09T13:43:30.179-06:00@Anonymous: either zerohedge is moving servers or ...@Anonymous: either zerohedge is moving servers or it was hacked and crashed. I bet it was the posting of this article and zero's related commentary:<br /><br />http://dailycaller.com/2010/04/07/debt-denial/Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50654189896001142012010-04-09T13:41:57.764-06:002010-04-09T13:41:57.764-06:00LOL. That's an awesome site. Tell ya what, I...LOL. That's an awesome site. Tell ya what, I think this next wave of credit defaults/mortgage defaults is going to take A LOT of people down.<br /><br />I'm seeing homes in the 200-500k range selling around Denver, with the tax credit due to expire at the end of this month, but I'm seeing 2 "for sale" signs pop up for every one "sold" sign.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-16948310692781951382010-04-09T13:21:43.302-06:002010-04-09T13:21:43.302-06:00WOW! The reality of it all
http://www.loansafe.or...WOW! The reality of it all<br /><br />http://www.loansafe.org/forum/deed-lieu-foreclosure-do-you-need-help-walk-away/11618-how-long-between-first-missed-payment-foreclosure.htmlhopiumnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-80173619942009175192010-04-09T13:00:24.306-06:002010-04-09T13:00:24.306-06:00ZeroHedge has a nice article regarding the fluctua...ZeroHedge has a nice article regarding the fluctuating debt levels, also inspired by the WSJ. However, the site is down now for some reason...heh heh heh.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37474144093013900672010-04-09T10:39:14.864-06:002010-04-09T10:39:14.864-06:00You're right dave, we won't go through the...You're right dave, we won't go through the total fear and capitulation phase until the USD collapses and history tells us we are on the right path to this end.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70432970435133003672010-04-09T09:15:49.383-06:002010-04-09T09:15:49.383-06:00Agreed but as long as the rest of the world and th...Agreed but as long as the rest of the world and the people in this country let Bernanke operate the printing press, they can keep banks liquid and Treasury funded.<br /><br />If you look at Weimar Germany, that game didn't end until the mark literally collapsed. I expect a similar path, with different "twists" along the way to occur in this country.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-3406722229612055882010-04-09T09:09:15.234-06:002010-04-09T09:09:15.234-06:00Agree Dave but in order to maintain the float they...Agree Dave but in order to maintain the float they can never mark to market. They are all stealth BK and one can only watch and wonder how long we have before it all locks up.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-45938753476106826852010-04-09T08:03:41.833-06:002010-04-09T08:03:41.833-06:00Wow Joe. That's an incredible story re: B of ...Wow Joe. That's an incredible story re: B of A<br /><br />I have always maintained that our financial system collapsed in Sept 2008 and they ultimately had to throw in $23 trillion in direct cash PLUS Treasury guarantees to keep it going. That $23 trillion total number is TARP Watchdog Neil Barofsky's figure, not mine.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-10015334268587500732010-04-09T07:56:01.939-06:002010-04-09T07:56:01.939-06:00Dave,
They had to rescind FASB rules or the whole...Dave,<br /><br />They had to rescind FASB rules or the whole system would have collapsed. This gave the banks a license to lie. These big banks are broke beyond broke and are little more than walking zombies.<br /><br />I went to BofA to cash a $1600 check and they required 2 forms of ID and a right thumb print. The kicker was, they only had five 100's, two 50's and had to pay the rest in 20's. They barely have enough cash to make it through the day. Truly sad.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.com