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User Info GSE Bazooka Fired..... who's balls got blown off? in forum [Presentations]
Genesis
Posts: 45241
Incept: 2007-06-26
A True American Patriot!
Chief Bottlewasher
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No bailouts. Period. Unsupportable debt must be defaulted. Do it, get it out in the open, and get it over with. Yes, its going to suck, but its going to suck no matter what we do. We can either have it suck hard and short, or far worse and far longer. The more we screw around with this the worse it is going to be.
2008-09-07 17:33:03
Limberlumber
Posts: 132
Incept: 2007-09-05

North Compton, CA
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Dugg it!

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"What we have here, for lack of a better word, is a long squeeze". - Bozonian


2008-09-07 17:49:07
Pamf
Posts: 661
Incept: 2008-04-11
Port Orange, FL
Banned
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Great video. Thanks again Karl!!! This is 1929 all over again.

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"If ya can't beat em, join em!"
2008-09-07 18:00:38
Rad
Posts: 357
Incept: 2007-08-27

The Yoga Mecca
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Gen, the genius, and handsome to boot -- another prolific production!!

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2008-09-07 18:00:51
Pacifltd
Posts: 76
Incept: 2007-07-24

Miami FL
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Bone chilling, sad, and right on the mark.......From page 22 on the NY TIMES today: "There is no doubt that what was taking place in Fannie Mae and Freddie Mac was in many instances irresponsible - it may have been illegal," Mr. Obama said. Will someone go to jail for this debacle?

2008-09-07 18:12:17
Big_bear
Posts: 1515
Incept: 2007-08-29

Florida
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after reading a gazillion posts, I was still confused .. thanx for clearing it all up KD !


2008-09-07 18:16:26
Setag
Posts: 99
Incept: 2007-10-10

Georgia
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Thanks for explaining.


2008-09-07 18:25:05
Bw8472
Posts: 6446
Incept: 2007-06-27
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Well it's official now, hyperinflation or deflation, dosen't matter now, we've officially crossed over into ass****ville.

Lube up and pray.

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At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.

~Abraham Lincoln Lyceum Address

2008-09-07 18:44:49
Santanachae
Posts: 150
Incept: 2007-07-19
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thx for the video gen

2008-09-07 19:05:23
Seven8n2
Posts: 179
Incept: 2008-04-20

Southwest Virginia
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Great video, Thanks!!!

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"This holiday season, be extra nice to the kids. Bless their hearts they have no idea what's in store for them"
-Fred Thompson
2008-09-07 19:12:09
Financeguy
Posts: 3297
Incept: 2007-08-10

Charlotte
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What can I say- spot on....I agree that I think the preferred is a key issue for the banks. As I have told folks for about a year we are going to get something nasty like the 70's or the twenties depending on what the government does.

Unfortunately I think we got our answer......

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In the meantime I position my portfolio so that if I'm wrong, the most I can lose is opportunity, not precious capital. -Bennet Sedacca
2008-09-07 19:19:11
Ads215
Posts: 1761
Incept: 2007-11-03

Between Cleveland and Akron
Online
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Thank you, Karl. You are a true patriot.

Edit: And thanks for posting it where non-contributing users can access it. I've emailed the link to a bunch of people tonight.

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We want our country back.


Last modified: 2008-09-07 21:02:39 by ads215

2008-09-07 20:21:10
Themortgagedude
Posts: 1556
Incept: 2007-12-17

saint louis
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How do you short MBS? I think Karls point about what might happen in 09 is very pertinent. I think today you would want to short treasuries and go long MBSBut I think the trade of a lifetime is coming up with long treasuries and short MBS when the new president ring fences the treasury.

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"All you need in this life is ignorance and confidence, and then success is sure." -- Mark Twain
2008-09-07 20:46:46
Weezie
Posts: 1862
Incept: 2008-05-19
A True American Patriot!
All your Cookies are belong to me!
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Thank you Karl!!!!

This is an absolute perfect post. It is clear, free of 'technical jargon' and very heavy on the 'what does it mean to *me*' standpoint. I will be emailing the link to everyone I know (and then some).

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Today, you are being asked to choose between bread and freedom. I suggest the people on Main Street have said they prefer their freedom, and I am with them. - Rep. Thaddeus McCotter (R-Mich.)
2008-09-07 21:00:17
Countlupotommaso
Posts: 793
Incept: 2007-10-22

New Jersey
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Great video Thanks

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And if you're taking your girlfriend Out tonight
You'd better park the car
Well out of sight.
Cause if they catch you in the back seat Trying to pick her locks, They're gonna send you back to mother In a cardboard box. PINK FLOYD
2008-09-07 21:24:17
Vegasradar
Posts: 1757
Incept: 2007-07-10
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This is just so ****ed up!

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If you walk through a hungry room, everyone's gonna want a sandwich —Rick Santelli 11/12/2008
2008-09-07 21:28:56
Cassiusking
Posts: 397
Incept: 2008-01-27

U.S.
Banned
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Tonight were gonna party like its 1929

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Hot Pig on a Stick
2008-09-07 21:44:19
Ilikecoffee
Posts: 315
Incept: 2008-04-17

cold , AK
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What weezie said!


"party like its 1929" is great stuff and I plan on using it w/o giving you credit!


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You can trust the government, ask any American Indian.


2008-09-07 22:49:59
Mdrive
Posts: 221
Incept: 2007-11-26
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any mac users here?

for some reason, my embedded video on this forum has no audio

any suggestions would be appreciated...

that said, went directly to youtube to hear...

great video, KD...

on the one hand i want to say we are in uncharted waters here, on the other...

history is prologue.....

"1929 and next month is october"


2008-09-08 15:48:52
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