tag:blogger.com,1999:blog-6278115441557880568.post4172205720752372621..comments2024-03-18T16:29:17.369-07:00Comments on Inverted Alchemy: An Integral Economy: The House WinsDavid Martinhttp://www.blogger.com/profile/01775270821108542258noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6278115441557880568.post-32010131609155436712009-04-18T08:46:00.000-07:002009-04-18T08:46:00.000-07:00The house surely wins when their interests align w...The house surely wins when their interests align with those who hold our government hostage. (Think, China)<br /><br />David, any thoughts regarding this recent IRA article on Citigroup?<br /><br />http://us1.institutionalriskanalytics.com/pub/IRAstory.asp?tag=354<br /><br />Excerpt: <br /><br />"One of the evil side effects of the BHC structure that has been illustrated by the failures of WaMu and Lehman Brothers is the reality that the customers and counterparties of the bank subsidiary are actually senior to the debt holders of the parent BHC. This tension has caused a great deal of delay and confusion in moving forward with a solution to the solvency problems facing the large zombie banks. Foreign bond holders, like the government of China, have reportedly told the Obama Administration that further losses to debt holders of US banks will result in a boycott of US Treasury auctions."Paper or Plasticnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-57786580122578796122009-04-17T16:29:00.000-07:002009-04-17T16:29:00.000-07:00@ anonymous: what's even more disturbing, is that ...@ anonymous: what's even more disturbing, is that there's nothing we can do about it. sure, we can romanticize about ethical finance and the merits of good governance; but with a populous so physiologically damaged from the crisis and vehemently polarized politically, progress will not happen in our lifetimes. we're a nation so utterly dependent on credit, our DNA simply won't work without it. it's "the deal" that keep us glued, and without the contact high that only expansionary debt policies can effect, a rude awakening is upon us...we're just not sure of it yet.Paper or Plasticnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-76184639749753100932009-04-15T12:41:00.000-07:002009-04-15T12:41:00.000-07:00is it not somewhat incongruous that the identical ...is it not somewhat incongruous that the identical entities receiving emergency bailout BILIIONS just a handful of months ago are (1) reporting Q1 profitability, e.g. the major banks and (2) Goldman Sachs is even ALLOWED to float a major equity offer in the same context? If one has any sense of relativity, logic, ethical awareness, repect for governmetal regulation or common sense, don't these 'facts' strike a bizarre chord? ....not if one understands the game being played by the symphony and maestro(s). It is a sad state for our great country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-71715671627932421672009-04-10T05:27:00.000-07:002009-04-10T05:27:00.000-07:00Given the recent reports of falling state and fede...Given the recent reports of falling state and federal tax revenues, it seems that the chances of the Obama Administration allowing us to "cash out our chips" in some form of tax amnesty is zero (which will be the value of my pension when this is all over).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-16427608635156521702009-04-07T09:10:00.000-07:002009-04-07T09:10:00.000-07:00David, thought you'd enjoy Bill Moyers' interview ...David, thought you'd enjoy Bill Moyers' interview with William Black on the April 3.<BR/><BR/>http://www.pbs.org/moyers/journal/04032009/watch.htmlAnonymousnoreply@blogger.com