bobbo, very sad for his Country says:

Irrelevant self serving BS. Sadly, Obama and his team of Ex-Goldman Sachs criminals is busy rebuilding the bubble. The foundation and structure remains in place, criminal profits already being bonused out.

Its the wretched excess of what has been the case for years. The “stock market” is no longer a method of raising and distributing capital. No. It has become a ponzi scheme of vampire capitalist robber investment bankers skimming the free market system of profits into their own pockets.

But like most criminals, after a while, skimming was no longer enough. They stared taking buckets and the system could not make the payments. The bailout has refilled the market, the excess has begun the skimming again.

Evidently, no interest in preventing the same disaster again. How do I get off this train?

SparkyOne says:

take that cock out of your mouth and speak the truth

Jägermeister says:

Time for another spending party? Make sure you exchange your greenbacks for euros before the next burst.

cgp says:

We are all in a death spiral.

Starvation will start when the states start to not give out emergency food. There is already 30 per cent unemployment not 9 per cent.

To talk about a housing lead rebound is beyond belief and must be an indicator as to the depth of stupidity and evil that is in America. The evil is those in power who knew this outcome but did nothing.

The lies will become self evident when hunger mounts say in six months to a year. Any extension will be if the world’s fools keep buying us dollar bonds. But this can only last another year or two.

What is your survival strategy?

nospam says:

The market is giving you a great opportunity to sell whatever stocks you may have before the wheels fly off the wagon.

This is the world’s biggest rigged poker game. Rule number 1 of playing in a rigged poker game is that if you don’t know who the patsy is within the first 5 minutes, there’s a damn good chance it’s you.

deowll says:

See there the trillion dollar stimulus plan is going to save us; not.

The most I can get out of what I’ve been reading is we may be nearing the bottom but I don’t see any real evidence that things are going to get better for people that work for a living any time soon.

Mr. Fusion says:

#16, Dallas,

And that sums it all up.

Winston says:

And about the current state of the “too big to fail” banks, here’s a small excerpt from today’s Market Ticker. The superficial analysis provided by the mainstream financial media is severely flawed because it is so very superficial. Rather than listening to “experts” spouting their predictions without presenting DETAILED data to support them, Denninger has constantly DISASSEMBLED the hype optimism through detailed analysis of documented facts:

“Too big to fail” and “bailout nation” have become a bad excuse for accounting games, willful regulatory misconduct and accounting fraud.

We have far too many “walking dead” banks that under any reasonable interpretation of PCA should have been closed months or even years ago. Indeed, The Market Ticker began publication precisely because of the accounting games at Washington Mutual (formerly NYSE:WM) where it was paying out dividends in excess of its cash earnings, effectively trying to claim that “capitalized interest” booked on dubious loans in a declining market were actual money. Regulators should have demanded that WaMu suspend dividends in the spring of 2007 and seized the firm if it was unable to correct its deteriorating asset performance within months, rather than effectively allowing the bank to collapse in the fall of 2008.

Loss ratios against asset bases being absorbed by the FDIC when banks are seized over the last two years are not an accident or a reflection of the times – these losses are occurring due to willful, deliberate malfeasance throughout our banking regulatory structure, including The Fed, OTS, OCC and the FDIC itself, all of which have adopted “extend and pretend” as an operating mantra in direct and willful contravention of the Prompt Corrective Action law.

We will not find a durable economic and financial bottom until I and everyone else can once again read a set of financial statements and expect that the numbers printed on the page actually represent the firm’s financial condition.

After ENRON and the debacle from The Tech Wreck you would have thought our regulatory agencies would have learned that nothing good comes from trying to sweep insolvency under the rug; that only multiplies losses. Instead we have not only had to suffer the insult of hundreds of billions of dollars in taxpayer-borne loss, but also active complicity and willful misconduct of our government that has once again sat back and watched firms with severely-deteriorating asset bases continue to claim that “everything’s fine” while the fire that began with the curtains spreads to the ceiling and the room fills with smoke.”

http://market-ticker.org/archives/1287-ROFL!-FDIC-Tells-Banks-To-Quit-Cooking-The-Books!.html

Dallas says:

Oh goodie. Winston discovered the internet and dug up 3 places to support his argument.

How clever.

I can find three links to support the moon is made out of cheese. We went there, and it’s not.