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The FED in all out panic mode now
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Omega 
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 3:41 PM
Report abusive post | The FED in all out panic mode now
| Quote |
The pigmen shit their pants and put this out late day in a lame effort to jam the stock market.....ain't gonna work fella's....
Fed Weighs Three Plans to Spur Bank Investments by Buyout Firms
By Jonathan Keehner and Jason Kelly
July 24 (Bloomberg) -- The Federal Reserve, looking to spur investment in banks hit by credit losses, is weighing three measures to ease regulatory constraints on private-equity funds that buy stakes in lenders, people with knowledge of the deliberations said.
One proposal would permit buyout firms to use so-called silo funds walled off from their other investments to buy the stakes without subjecting the rest of their holdings to more federal oversight, said the people, who declined to be identified because the talks aren't public. Under another scenario, the Fed would allow private equity firms to exercise more control of banks they invest in. A third plan would encourage buyout firms to invest together.
``The banks need capital, and private equity has it,'' said Thomas Vartanian, a partner at Fried Frank Harris Shriver & Jacobson LLP in Washington who advises buyout funds and lenders. ``Necessity is often the mother of invention.''
Treasury Secretary Henry Paulson has called on banks and brokerages to raise cash as their losses from the collapse of the mortgage market and the ensuing credit-contraction climb to more than $466 billion. Blackstone Group LP and Carlyle Group, the world's two biggest private-equity firms, discussed the topic when they met with Paulson this month, say people briefed on the talks.
Representatives for Paulson, the Fed, Carlyle and Blackstone declined to comment.
Bonderman, Paulson
Washington Mutual Inc., the biggest U.S. savings and loan, this week reported a $3.3 billion second-quarter loss, while Wachovia Corp. booked an $8.9 billion loss and slashed its dividend. Citigroup Inc., the biggest U.S. bank by assets, said it lost $2.5 billion; profits shrank at smaller rivals JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co.
A few private equity firms ventured into bank investments this year. David Bonderman's TPG Inc. led a group that injected $7 billion into Washington Mutual in April. National City Corp., Ohio's biggest bank, agreed the same month to sell a $7 billion stake to investors led by Corsair Capital LLC. Hedge fund manager John Paulson plans to start a fund this year to invest in banks and brokerages, people with knowledge of the matter said yesterday.
While lenders including Citigroup and UBS AG have raised capital from sovereign wealth funds controlled by overseas governments, buyout firms, which typically seek controlling stakes, remain ``hesitant to invest in banks because of the various levels of regulation that would apply to them,'' Vartanian said. ``The regulations weren't written with an inherent bias against private equity firms, but that's how it has turned out.''
`Controlling Influence'
The Fed subjects private equity firms to more oversight when they exceed a 9.9 percent voting stake in a bank. If they buy more, they may be deemed to have a ``controlling influence'' and be classified as a bank holding company, which triggers restrictions on non-banking activities and the amount of debt they can take on. To avoid that classification, investors may agree to be passive, which can mean limits on board representation.
The Fed is considering liberalizing the control guidelines, the people with knowledge of the deliberations said. That may allow buyout funds to amass up to 24.9 percent of a bank while also taking a more active role and getting board seats.
Buyout funds typically rely on debt funding to make acquisitions and invest in multiple companies, often in a variety of industries. The firms typically hold numerous stakes in a single fund.
Clubs, Orphans
Under the proposed silo structure, the buyout firm would ``orphan'' the bank investment by limiting its ties to other investments or funds, the people said. This could be done by eliminating any lending or cross-investment among the funds and preventing asset transfers between them, they said.
Another proposed plan would make it easier for a group of private equity firms to invest together in a so-called club deal without triggering bank-holding rules. The firms would collectively buy stakes in a bank and the Fed would agree to treat each firm's investment independently instead of aggregating their holdings to calculate control.
The Service Employees International Union, a Washington- based labor group that led a protest this month calling for higher taxes on buyout firms, said the Fed shouldn't encourage them to invest in the banking industry.
``It would be absurd to ease regulations and make it easier for private equity to buy banks,'' said SEIU official Stephen Lerner. ``Their business model of running up huge amounts of debt jeopardizes the consumer.''
`On the Sidelines'
Douglas Lowenstein, president of the Private Equity Council, a Washington trade group whose members include Carlyle and Blackstone, said buyout firms are in a position to help struggling lenders that are short on options.
``We're not out of the woods in terms of the health of financial institutions,'' Lowenstein said. ``Sources of capital right now are very thin. Private equity has a substantial amount of money sitting on the sidelines.''
To contact the reporter on this story: Jonathan Keehner in New York jkeehner@bloomberg.net.
Last Updated: July 24, 2008 13:21 EDT
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 472720
7/24/2008 3:44 PM | | Re: The FED in all out panic mode now | Quote |
Trying to find buyers for the FDIC "already failed" list. |
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Anonymous Coward
User ID: 463404
7/24/2008 3:46 PM | | Re: The FED in all out panic mode now | Quote |
There's a stack of these releases, sitting on a desk somewhere just waiting to be deployed. The upside is bumping the market and the downside is none - because you can always retract it after the fact. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 3:46 PM
| | Re: The FED in all out panic mode now | Quote |
Trying to find buyers for the FDIC "already failed" list. Quoting: Anonymous Coward 472720
YUP. The Fed has pulled out ALL the stops these last two weeks and that bought them what?? 800 points on the dow???
MASSIVE failure here.
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Kanigo2
User ID: 442313
7/24/2008 3:47 PM
 | | Re: The FED in all out panic mode now | Quote |
Yeah after reading some of the text on that bill Omega, I realized that they are just trying to make funds available to prop up the system.
But no-one will because they don't have money and the values are still dropping.
The investors won't step in, and the middle class are without jobs.
Hey did you see that they would allow someone to remortgage at 90% of the value but that all profits will go to the fed upon selling the unit?
Indentured servitude.
18 million+ houses and counting.
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.
"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-
Hurray for Anarchy! This is the happiest moment of my life. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 3:47 PM
| | Re: The FED in all out panic mode now | Quote |
There's a stack of these releases, sitting on a desk somewhere just waiting to be deployed. The upside is bumping the market and the downside is none - because you can always retract it after the fact. Quoting: Anonymous Coward 463404
Most cogent analysis.....
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 3:49 PM
| | Re: The FED in all out panic mode now | Quote |
Yeah after reading some of the text on that bill Omega, I realized that they are just trying to make funds available to prop up the system.
But no-one will because they don't have money and the values are still dropping.
The investors won't step in, and the middle class are without jobs.
Hey did you see that they would allow someone to remortgage at 90% of the value but that all profits will go to the fed upon selling the unit?
Indentured servitude.
18 million+ houses and counting. Quoting: Kanigo2
Exactly. Yes I read what I could of the bill before my eyes glazed over and I had to smoke some weed,lol.....
Simply amazing.....
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 331956
7/24/2008 3:51 PM | | Re: The FED in all out panic mode now | Quote |
ppt buying up WAMU shares furiously to stop the dam from bursting... |
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Kanigo2
User ID: 442313
7/24/2008 3:54 PM
| | Re: The FED in all out panic mode now | Quote |
Freddie down 17% frannie down 20%
Nice:
[link to www.bloomberg.com]
[link to www.bloomberg.com]
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.
"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-
Hurray for Anarchy! This is the happiest moment of my life. |
|
Eagle # 1
User ID: 472784
7/24/2008 3:54 PM | | Re: The FED in all out panic mode now | Quote |
AC 470702 .... JUST as I intimated on another thread involving the FDIC and their lack of funds to 'SAVE everyone'.
WaMu will be up for 'grabs' next week, unless those 70 bank examiners from 7 states are all into so white lightening there at the home offices in MO, LOL !
Eagle |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 3:59 PM
| | Re: The FED in all out panic mode now | Quote |
Thats incredible man- they bail the GSE's and they crash???
Smart money ain't buying it......
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 445699
7/24/2008 4:03 PM | | Re: The FED in all out panic mode now | Quote |
Omega smokes weed??
Damn dude no wonder your paranoid and shotgun toting! |
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Anonymous Coward
User ID: 472760
7/24/2008 4:04 PM | | Re: The FED in all out panic mode now | Quote |
Omega, why do you think that the Federal Reserve is crapping their pants? Unlike you, the people who run the Fed have something called a college education. Relax. They know what they are doing. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 4:04 PM
| | Re: The FED in all out panic mode now | Quote |
Omega smokes weed??
Damn dude no wonder your paranoid and shotgun toting! Quoting: Anonymous Coward 445699
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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Anonymous Coward
User ID: 472720
7/24/2008 4:04 PM | | Re: The FED in all out panic mode now | Quote |
AC 470702 .... JUST as I intimated on another thread involving the FDIC and their lack of funds to 'SAVE everyone'.
WaMu will be up for 'grabs' next week, unless those 70 bank examiners from 7 states are all into so white lightening there at the home offices in MO, LOL !
Eagle Quoting: Eagle # 1 472784 |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 407442
7/24/2008 4:06 PM
| | Re: The FED in all out panic mode now | Quote |
Down for a nap....laterz....here come the trolls I see,lol.....
EDIT: don't try it fools, I was up at 5:30am this morning working in the garden.....I earned it...
Never underestimate the power of idiots in large groups.
___Omega
_____________________________________________
America is at that awkward stage. It's too late to change the system from within, yet too early to shoot the bastards.
__Claire Wolfe
_____________________________________
"During times of universal deceit, telling the truth becomes a
revolutionary act." - George Orwell
_____________________________________
“War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself.” John Stuart Mill |
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BriGuy
User ID: 467255
7/24/2008 4:06 PM
 | | Re: The FED in all out panic mode now | Quote |
Omega, why do you think that the Federal Reserve is crapping their pants? Unlike you, the people who run the Fed have something called a college education. Relax. They know what they are doing. Quoting: Anonymous Coward 472760
a college education won't bail out the economy. it'll help prove we are doomed if anything.
fuck off |
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Anonymous Coward
User ID: 472760
7/24/2008 4:08 PM | | Re: The FED in all out panic mode now | Quote |
Omega, why do you think that the Federal Reserve is crapping their pants? Unlike you, the people who run the Fed have something called a college education. Relax. They know what they are doing.
a college education won't bail out the economy. it'll help prove we are doomed if anything. Quoting: BriGuy
The economy isnt going to be bailed out.....if they wanted to bail it out, they could. Everything is going to plan... |
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Anonymous Coward
User ID: 471491
7/24/2008 4:11 PM | | Re: The FED in all out panic mode now | Quote |
 |
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Anonymous Coward
User ID: 472760
7/24/2008 4:12 PM | | Re: The FED in all out panic mode now | Quote |
Down for a nap....laterz....here come the trolls I see,lol.....
EDIT: don't try it fools, I was up at 5:30am this morning working in the garden.....I earned it... Quoting: Omega
McDonalds are making their employees do lawn work now? |
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Skipper1975
User ID: 448826
7/24/2008 4:14 PM | | Re: The FED in all out panic mode now | Quote |
Trying to find buyers for the FDIC "already failed" list.
YUP. The Fed has pulled out ALL the stops these last two weeks and that bought them what?? 800 points on the dow???
MASSIVE failure here. Quoting: Omega
haa..sounds good
we need it all to crumble so we can get NESARA..i have heard that it is ready to go after this BS economy falls and after all the dark are removed from government positions...
[link to www.nesara.us]
[link to www.myspace.com]
[link to www.nesara.us] |
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Anonymous Coward
User ID: 469439
7/24/2008 4:15 PM | | Re: The FED in all out panic mode now | Quote |
Smoking weed, no wonder you're always doom paranoid.
Market will recoup the 280 plus some tomorrow.
Watch and learn instead of relying on paranoid copy paste.
Omega's right again.... |
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Anonymous Coward
User ID: 472920
7/24/2008 4:15 PM | | Re: The FED in all out panic mode now | Quote |
I'm sure that Carlisle and Blackstone will have plenty of money to invest once it starts arriving from the accounts in the Caymens......plenty of funny money to go around! |
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Mr.SoSorwee..
User ID: 412855
7/24/2008 4:19 PM | | Re: The FED in all out panic mode now | Quote |
Quoting: Anonymous Coward 471491
You RIGHT AC..
An EXCELLANT time to BUY SILVER..
Gotta love Buy Silver flag..
Banzi . . BANZI !!
.. |
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Anonymous Coward
User ID: 472001
7/24/2008 4:24 PM | | Re: The FED in all out panic mode now | Quote |
So the government wants the people that stole the money in the first place to re-invest it back into the very companies they robbed. Of course they hold the cash now and can dictate to the government what laws they want passed or done away with. |
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Anonymous Coward
User ID: 400833
7/24/2008 4:29 PM | | Re: The FED in all out panic mode now | Quote |
Wachovia, Downey, and Washington Mutual are in a three way race for the takeover at present. My bet is that the order will be:
Downey this Friday will be seized by the FDOC.
Next Friday they'll get WAMU
and the following friday, they're going to grab Wachovia.
I could be wrong about the order, but don't thinkn so. Wait and see! |
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Anonymous Coward
User ID: 472921
7/24/2008 4:29 PM | | Re: The FED in all out panic mode now | Quote |
The FED:
:ahhhL |
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Anonymous Coward
User ID: 472921
7/24/2008 4:30 PM | | Re: The FED in all out panic mode now | Quote |
The FED:
 |
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Anonymous Coward
User ID: 430839
7/24/2008 4:35 PM | | Re: The FED in all out panic mode now | Quote |
you do realize that america and the western world got less capital than the third world countries and the only skill that makes the people live in wealth is trickery |
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Anonymous Coward
User ID: 430474
7/24/2008 4:36 PM | | Re: The FED in all out panic mode now | Quote |
Down for a nap....laterz....here come the trolls I see,lol.....
EDIT: don't try it fools, I was up at 5:30am this morning working in the garden.....I earned it... Quoting: Omega
We're all scared you attention whoring moron. First of all, it's blatantly obvious you can't predict shit. To your credit, however, you have accumulated a bunch of brainless dimwit followers that will believe whatever BS you spew so long as it speaks to doom. |
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mahershalalhashbaz
User ID: 471842
7/24/2008 4:38 PM
 | | Re: The FED in all out panic mode now | Quote |
back when the feds were doing their "injections" i knew it was lame. it's enron'd, empty, gone for good.
Rev 16:2 ¶ And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and [upon] them which worshipped his image. |
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