Friday, September 2, 2011

And boom goes the dynamite

Its always fun when they try to eat each other and recoup more of their share of the Americans sheeple's bailout money back into their own pockets.

From Zerohedge:

"In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among which Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, in an attempt for Fannie and Freddie to recoup $30 billion if not much more. The lawsuit is expected to hit the docket in the next few days: "The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims."

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19 comments:

  1. HewardSeptember 2, 2011 at 12:41 AM

    Just saw this myself. I wonder if it's just more bullshit.

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  2. agThugSeptember 2, 2011 at 12:42 AM

    The NYT? Major zyGoo rag has the scoop on the roundup of the zyGoo banksters? Smells funny already.

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  3. flauntSeptember 2, 2011 at 12:43 AM

    The Fed is desperate to prop up the economy while the "Justice Dept" is trying to take it down. It's like watching siamese twins arguing over what to have for dinner... You're both gonna have the same god damn thing!

    Unbelievable these fucking idiots. It's almost as bad as this Gibson Guitar shit. Any American who still believes the U.S. government is both good and desirable needs to pull their head out of their ass post haste.

    http://www.youtube.com/watch?v=W8VIFT3xW5E

    ReplyDelete
  4. TZMSeptember 2, 2011 at 12:55 AM

    This comment has been removed by the author.

    ReplyDelete
  5. TZMSeptember 2, 2011 at 12:55 AM

    sgs are you a member on canadian gun nutz aswell?

    ReplyDelete
  6. bflowers1September 2, 2011 at 12:57 AM

    Some of us out there, just wonder if Wikileaks are part of the CIA ! Like we have a Free Press ! Lets get Physical !

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  7. AnonymousSeptember 2, 2011 at 12:58 AM

    NYT, wikileaks, and NFP. Where's the fourth horseman?

    ReplyDelete
  8. bflowers1September 2, 2011 at 1:03 AM

    241af062-d520-11e0-aa0a-000bcdca4d7a

    Obama !

    ReplyDelete
  9. AnonymousSeptember 2, 2011 at 1:06 AM

    LOL!

    posting this from my phone. Strange ass hexastring username showed up.

    tyrathca667

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  10. RuiSeptember 2, 2011 at 3:24 AM

    Don't be fooled by another Obama desperate attempt buy votes. All this thing is to get the banks to agree to refi the garbage loans the deadbeat homeowners have overpaid.

    It provides cover for Obama who wants to impress the voters in key battle states that he's doing sth to save them, a perfect excuse for Fed to launch some kinda easing programs as guarantee of loans under stress and even a win for the banks as well now that Fed will be basically printing money to cover the payment on those loans they could not collect money from in the past.

    The whole thing is a zero sum game so who is the poor sucker getting the short-end of the stick? Well who else? Of course those of us the responsible people not over-leveraged on the housing madness. Our FIAT will be further debased to cover all the cost. QE to infinity once more.

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  11. ColinSeptember 2, 2011 at 4:21 AM

    west coaster keeping a wee hour eye on the PMs, someone put the hammer to the board and is ringing the bell ... gold and silver parabolic at the moment ... will be curious to see where they are in morning ... last 3 fridays have been good.

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  12. zepsterSeptember 2, 2011 at 5:18 AM

    Yeh... BoA has protection by powerful interests, so...

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  13. LedbedderSeptember 2, 2011 at 5:31 AM

    Hope everyone has their favorite stock or index picked out for a great $hort!!

    ReplyDelete
  14. malcolmSeptember 2, 2011 at 5:41 AM

    Just got home from dr9nking with my long lost friend , well it only been 5 months, but after several Scotchs we both agree, that PM will be precious, and greenback well will be worthless. Oh and Oban is the best Highland Scotch and Laphroaig taste ling peat water, with rubbing alcohol mixed in! :)

    Im out! GLTA

    ReplyDelete
  15. malcolmSeptember 2, 2011 at 5:46 AM

    Oh and when I sober to tomorrow AG will be 43.00 SDS will be 25.00 and I may be sober :) but then again its Labor Day, fuck it I might just stay drunk until Tuesday!

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  16. malcolmSeptember 2, 2011 at 5:48 AM

    @ Ledbedder!

    Love you man! Next time I'm back east beer and dinner is on me, and lets go shooting! Nov or Dec!

    ReplyDelete
  17. AnonymousSeptember 2, 2011 at 8:08 AM

    lets see how long they let this rally go. I'm interested at how weak/strong the beatdown will be.

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  18. jasaSeptember 2, 2011 at 9:24 AM

    Is that all? $30Bn? Feck me they wiped 100's of BNS out and the USGOV only sues for $30BN? Riding the bankers dicks all the way.

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  19. AnonymousSeptember 2, 2011 at 12:15 PM

    Would like to see them unmasked, but no real help here. Will probably cost that much to prosecute and pursue this in the courts.

    ReplyDelete

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