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STUPID IS, STUPID DOES

 
GREY LENSMAN
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User ID: 549324
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11/12/2008 11:44 AM
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STUPID IS, STUPID DOES
THIS FROM THE BBC (WOW IT MUST BE TRUE)

QUOTE

BBC NEWS
US treasury sells bail-out bonds

The United States government plans to sell bonds worth $55bn (£34bn) next week in an effort to finance its bank rescue programme.

In a first $25bn auction on Monday, the Treasury Department will launch a new type of bond, which will reach maturity after three years.

The rest of the amount will be raised later next week through the sale of traditional 10-year and 30-year bonds.
[link to news.bbc.co.uk]
UNQUOTE

SO THE TOXIC LOANS WILL AT SOME TIME "HAVE REAL VALUE"

SO YOU FIX THE TROUBLE WITH BONDS BY SELLING MORE BONDS TO REPAY THE BONDS THAT ARE NO GOOD.

OR IS THIS A WAY TO SORT OF HINT THAT THEY DONT REALLY HAVE THE MONEY, BUT DONT WORRY WE WILL SELL SOME BONDS TO THE GUYS DUMPING BONDS TO REPAY THE LOSSES THAT THEY MADE ON THE BONDS......................................

SUCKERS.

GL

Last Edited by Mister Obvious on 09/20/2012 04:16 AM
not
Anonymous Coward
User ID: 549346
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11/12/2008 11:52 AM
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Re: STUPID IS, STUPID DOES
... aaah ... with all the world systems bankrupt ... who's going to buy anything?

laugh
Anonymous Coward
User ID: 373696
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11/12/2008 11:54 AM
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Re: STUPID IS, STUPID DOES
No offense, but this is old news, the sale took place a few days ago.

Kanigo2 posted a thread about it Monday, I think.
GREY LENSMAN (OP)
User ID: 549324
Malaysia
11/12/2008 12:01 PM
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Re: STUPID IS, STUPID DOES
ITS NOT ABOUT OLD OR NEW NEWS. ITS ABOUT STUPIDITY.

SALE THIS WEEK, WHAT WILL HAPPEN>>>>>>>>>>.

OR HAPPENED!!!!!!!!!!!!!!!!!

LIKE AMEX SAYS IT WILL BECOME A BANK, NO DEPOSITORS, NO BRANCHES AND THEN LO AND BEHOLD, GIVE US THEE POINT FIVE BILLION AS WELL.

AS I SAID

STUPID IS, STUPID DOES.

SUCKERS

GL
GREY LENSMAN (OP)
User ID: 549324
Malaysia
11/12/2008 12:12 PM
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Re: STUPID IS, STUPID DOES
IT REALLY DOES GET WORSE

QUOTE

BBC NEWS
Alitalia ordered to pay back loan

The European Commission has told Italy's bankrupt national airline, Alitalia, to repay a 300m-euro ($380m; £247m) loan to the Italian government.

The Commission also approved the proposed sale of Alitalia assets to the Cai investor group.

EU Transport Commissioner Antonio Tajani said the rescue loan had to be paid back to the government "by the airline itself", not by Cai.

He said the government loan to Alitalia amounted to illegal state aid.

As a result, it will have to be repaid out of the proceeds from the airline's liquidation.

[link to news.bbc.co.uk]
[link to news.bbc.co.uk]

UNQUOTE

WONDER WHAT THEY WOULD MAKE OF 150 BILLION TO AIG AND 3.5 BILLION TO AMEX

GL

Last Edited by Mister Obvious on 09/20/2012 04:35 AM
GREY LENSMAN (OP)
User ID: 549324
Malaysia
11/12/2008 01:24 PM
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Re: STUPID IS, STUPID DOES
LOOKS LIKE THEY REALISED THAT THEY ARE STUPID

Thread: Paulson: Government won't buy troubled bank assets

SHIFTS IN THE WIND

LOOKS LIKE THEY ARE ON A LEE SHORE?

GL
Kanigo2

User ID: 442313
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11/12/2008 01:30 PM
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Re: STUPID IS, STUPID DOES
No offense, but this is old news, the sale took place a few days ago.

Kanigo2 posted a thread about it Monday, I think.
 Quoting: Anonymous Coward 373696



This isnt over...there are auctions today and the 14th.


This will run to the end of the year, and then start all over again trying to pull in another 2 trillion.


Can ANYONE EXPLAIN TO ME WHERE THE MONEY WILL COME FROM???


ANYONE!???

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"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
Kanigo2

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11/12/2008 01:39 PM
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Re: STUPID IS, STUPID DOES
Santelli was just on..


He said now everyone is SO concerned with keeping the yeilds up on the bonds..Up --and yet they are still off so many basis points..

(By the way for future reference the 2 year should yeild 2% and the 10 should yield 4%)

And that everyone is saying ,On the show!"That ---Oh No!! Look at all the 3-6 trillion dollars that was lost!! When he says"It was money that wasnt supposed to exist anyway"
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"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
Kanigo2

User ID: 442313
United States
11/12/2008 01:45 PM
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Re: STUPID IS, STUPID DOES
Sorry I just went and Did a Santelli-- right before he broadcasts-- I went and wrote down the yields..


As it stands now..

The 2 year is 1.19%

and

The 10 year is 3.65%




The more get purchased the lower the yield goes.


In other words there is still a flight to safety.


into treasuries.

They only think that propped up these figures is this "redepmption of the bonds and a reissue...

The yeild in the three year bond the other day?

3.65%


Se why everyone wanted them?
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"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
Div nli
User ID: 548439
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11/12/2008 01:50 PM
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Re: STUPID IS, STUPID DOES
Where've you been GL, I missed you!!! hf
(Check out the Evidence of God thread, few pages back...see new theory - you'll like it and I'd love your comments). Take care!
Love Divinity
Kanigo2

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11/12/2008 01:52 PM
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Re: STUPID IS, STUPID DOES
ITS NOT ABOUT OLD OR NEW NEWS. ITS ABOUT STUPIDITY.

SALE THIS WEEK, WHAT WILL HAPPEN>>>>>>>>>>.

OR HAPPENED!!!!!!!!!!!!!!!!!

LIKE AMEX SAYS IT WILL BECOME A BANK, NO DEPOSITORS, NO BRANCHES AND THEN LO AND BEHOLD, GIVE US THEE POINT FIVE BILLION AS WELL.

AS I SAID

STUPID IS, STUPID DOES.

SUCKERS

GL
 Quoting: GREY LENSMAN 549324



And what ended up happening GL,

Is that 55 billion were sold, but only 9.7 billion of NEW money..

The rest were all old treasury "redemption's"

In other words they sold old treasuries and got into the new 3 year instrument.

They have a lot more selling to do.
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.
GREY LENSMAN (OP)
User ID: 549324
Malaysia
11/13/2008 01:52 AM
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Re: STUPID IS, STUPID DOES
THEY CHICKENED OUT BIG TIME

GL
Anonymous Coward
User ID: 385176
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11/13/2008 01:55 AM
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Re: STUPID IS, STUPID DOES
No offense, but this is old news, the sale took place a few days ago.

Kanigo2 posted a thread about it Monday, I think.



This isnt over...there are auctions today and the 14th.


This will run to the end of the year, and then start all over again trying to pull in another 2 trillion.


Can ANYONE EXPLAIN TO ME WHERE THE MONEY WILL COME FROM???


ANYONE!???

 Quoting: Kanigo2


A keyboard
Anonymous Coward
User ID: 548758
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11/13/2008 01:59 AM
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Re: STUPID IS, STUPID DOES
only rescue is global debt forgiveness and revamp entire system... like, getting rid of banks and interest and only working with real things of real value
GREY LENSMAN (OP)
User ID: 549324
Malaysia
11/13/2008 09:30 AM
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Re: STUPID IS, STUPID DOES
MONEY IS A MEASURE RIGHT

THUS A PINT IS A PINT, DEFINED FIXED

A YARD IS A YARD, DEFINED FIXED

HOW MANY CROOKS HAVE BEEN DONE FOR DEFRAUDING SHORT PINTS OR SHORT YARDS.

BANG GONE TO JAIL.

SAME WITH THE DOLLAR (POUND, EURO ETC) IT MUST BE FIXED BUT THEY WILL NOT LIKE THAT, AS ANY OTHER CROOK, THEY HATE BEING CAUGHT WITH THEIR FINGERS IN THE COOKIE JAR

GL

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