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***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming

 
Anonymous Coward
User ID: 431716
United States
02/20/2009 07:52 AM
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***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Bank shares have been hammered for two days and some traders are pointing to a "slip of the tongue" Fed Chief Ben Bernanke made when answering questions at the national press club this week.

When asked if he supported former fed chief Alan Greenspan's statement that some banks will have to be nationalized he said, "Whatever actions may need to be taken at one point or another, I think there's a very strong commitment on the part of the administration to try to return banks ... or KEEP banks private or return them to private hands as quickly as possible".

Up until then everyone in the government had said nationalization is not being considered. To some investors and traders, Bernanke made it sound like nationalization is much more likely.

The CNBC clip of Bernanke's speech has been flying across trading desks via the internet, with viewers trying to figure out if Bernanke is suggesting that indeed there is some kind of backup nationalization plan.



Fears of nationalization of banks have hammered not only the stocks of the major banks, but now the preferred shares, and noticeably in the last 24 hours, the debt has also been selling off as well, for fear it will not be protected as it has been in bailouts done thus far.

FIND THE VIDEO TO JUDGE FOR YOURSELF HERE

[link to www.cnbc.com]
Anonymous Coward
User ID: 428255
Bulgaria
02/20/2009 07:55 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Hahahhh, epic fail 5a
Anonymous Coward
User ID: 618903
Hong Kong
02/20/2009 08:08 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Wow! sounds like they've been nationalised already while things are looking so sticky, as a conservation measure for his buds...
I would like to see Ben take the American people into his confidence, with a lengthy series of fireside chats.
No pussy waterboarding.
Feet first.
Pay-per-view.
Matrix
User ID: 617289
Australia
02/20/2009 08:12 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Privatize the gains, socialize the loses; bailouts used to pay for the relocation of jobs to the developing world(east/mid east), while the developed world(west) faces loss of jobs and falling standards of living. Globalization has entered its next phase, the corporations are heading off shore eastward, while they leave the western tax payer to foot the bailout/stimulus bill of cleaning up their loose endsIdol1
Anonymous Coward (OP)
User ID: 431716
United States
02/20/2009 08:17 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
I like to study human behavior and facial expression and there is a couple of interesting things to point out here. I will write in bold the think i noticed in the video at its respected place in his answer.

"Whatever actions may need to be taken at one point or another, I think there's a very strong commitment on the part of the administration to try to return banks (AT THIS POINT HE BRING HIS HANDS UP AND HIS PALMS ARE POINTING TOWARD HIMSELF. THIS USUALLY INDICATES HE IS NOT BEING HONEST, USUALLY WHEN PEOPLE ARE HONEST THEY EXPOSE THEIR PALMS) ...(HERE HE PAUSES SIGNIFYING HE HAS MADE A MISTAKE AND THIS IS FURTHER SOLIDIFIED BY THE FACT WHICH HE RAISES HIS EYEBROWS SHOWING HE IS SURPRISED WHAT JUST CAME OUT OF HIS MOUTH) or KEEP banks private or return them to private hands as quickly as possible". (AT THE END OF THE VIDEO HE DOES A MICROEXPRESSION WHICH IS AN EXPRESSION THAT IS DONE VERY QUICKLY USUALLY LESS THAN HALF A SECOND. THE MICROSEXPRESSION HE DOES IS A MOUTH SLUMP WHICH MEANS HE HAS NO CONFIDENCE IN WHAT HE JUST SAID.
Anonymous Coward
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United Kingdom
02/20/2009 08:20 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Word is CITI and BANK OF AMERICA get nationalized tonight
Anonymous Coward (OP)
User ID: 431716
United States
02/20/2009 08:28 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Word is CITI and BANK OF AMERICA get nationalized tonight
 Quoting: Anonymous Coward 618778

the dow will tank if this happens. investors will flee faster than an animals being chased by a cheetah.
Anonymous Coward (OP)
User ID: 431716
United States
02/20/2009 09:25 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
interesting that people on cnbc this morning are expecting bank of america to be nationalized. They have this weird look on their face, almost like saying "we are fucked"
Anonymous Coward
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United States
02/20/2009 09:30 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP where ae you hearing this about the 2 banks..../? curious?????//////////////////////////////////////////
WASF Enterprises (TM)
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Hong Kong
02/20/2009 09:35 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
interesting that people on cnbc this morning are expecting bank of america to be nationalized. They have this weird look on their face, almost like saying "we are fucked"
 Quoting: Anonymous Coward 431716


I did enjoy your acute observations on BB's performance, O/P. Pleasantly illuminating.
Anonymous Coward (OP)
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02/20/2009 09:45 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP where ae you hearing this about the 2 banks..../? curious?????//////////////////////////////////////////
 Quoting: Anonymous Coward 332444

hold up trying to find the cnbc video. watched a few so trying to find the one that mentions the nationalization
Anonymous Coward
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United States
02/20/2009 09:51 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
This does not make any sense. North America is basically untapped and filled with so many natural resources. Why would they pull the plug like that. They rape the whole earth except America?
Anonymous Coward
User ID: 362364
Japan
02/20/2009 09:53 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
Light-in-the-loafers little Lindsey Graham (R) Senator from SC was on audio clip local radio two days ago paraphrased, "That it looks like the bailout is not working and that we may have to consider nationalizing some banks."

This clip was run early just before 6am, but was never put in the news, and I didn't not hear it again.

The representatives were supposed to take moves on nationalization BEFORE they charged taxpayers with bailouts for executive bonuses and corporate moves to Brazil, not after
Anonymous Coward
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Japan
02/20/2009 09:54 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
This does not make any sense. North America is basically untapped and filled with so many natural resources. Why would they pull the plug like that. They rape the whole earth except America?
 Quoting: Anonymous Coward 437823



Read between the lines. The rape is coming. tptb are unzipping their pants now.
Anonymous Coward (OP)
User ID: 431716
United States
02/20/2009 09:56 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP where ae you hearing this about the 2 banks..../? curious?????//////////////////////////////////////////
 Quoting: Anonymous Coward 332444

ok here u go. at the end of this video about the last 40 seconds they mentions nationalization and they bring up two banks on the screen Citi and bank of america.
[link to www.cnbc.com]

[link to www.cnbc.com]

they keep bringing it up off and on on cnbc and they look somber
Anonymous Coward
User ID: 615568
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02/20/2009 09:59 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP ; is there ANYONE connected to politicians, government
banksters, media, Treasury, who is NOT LYING ?

I would like just a SINGLE name to 'cling' to, OTHER than Ron Paul.

And please, don't bring Obumer into the thread. It's a good one so far, so let's keep OUT ILLEAGLE ALIENS.
Anonymous Coward (OP)
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02/20/2009 10:00 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP where ae you hearing this about the 2 banks..../? curious?????//////////////////////////////////////////
 Quoting: Anonymous Coward 332444

they talk about it here also at 4:30 time mark also
[link to www.cnbc.com]
Anonymous Coward (OP)
User ID: 431716
United States
02/20/2009 10:25 AM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP ; is there ANYONE connected to politicians, government
banksters, media, Treasury, who is NOT LYING ?

I would like just a SINGLE name to 'cling' to, OTHER than Ron Paul.

And please, don't bring Obumer into the thread. It's a good one so far, so let's keep OUT ILLEAGLE ALIENS.
 Quoting: Anonymous Coward 615568

haha everyone lies even the awesome Ron Paul, but i know what u mean. It seems their are plenty of honest politicians but it is only the weasels and liars that are able to climb the latter and get spotlight on television so all we are the people that are willing to do anything to het higher up. Of course their are exceptions like Ron Paul. Obama lies frequently. ive notice he likes to touch the corners of his mouth when he is lying and he also licks his lips when he is saying something that he is uncomfortable saying. When he would compliment mccain during the campaign he would usually lick his lips or touch the corners of his mouth.
Anonymous Coward
User ID: 550600
Canada
02/20/2009 02:59 PM
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Re: ***Bernanke fucks up and has "slip of tongue" is has made investers think nationalization of banks is coming
OP ; is there ANYONE connected to politicians, government
banksters, media, Treasury, who is NOT LYING ?

I would like just a SINGLE name to 'cling' to, OTHER than Ron Paul.

And please, don't bring Obumer into the thread. It's a good one so far, so let's keep OUT ILLEAGLE ALIENS.

haha everyone lies even the awesome Ron Paul, but i know what u mean. It seems their are plenty of honest politicians but it is only the weasels and liars that are able to climb the latter and get spotlight on television so all we are the people that are willing to do anything to het higher up. Of course their are exceptions like Ron Paul. Obama lies frequently. ive notice he likes to touch the corners of his mouth when he is lying and he also licks his lips when he is saying something that he is uncomfortable saying. When he would compliment mccain during the campaign he would usually lick his lips or touch the corners of his mouth.
 Quoting: Anonymous Coward 431716

good awareness op, i will be looking for his tipoffs because i think i already know when hes lying. you should see if you can get in on a game of poker at the oval ofice, you might end up winning a couple of large financial institutions like fanny mae or something. wouldn,t that be cool. skim off some money, if they have any, declare bankrutcy and retire to the cayman islands.





GLP