Occupy Dallas

[mstng86]

I think it would be an awesome gift if someone made denny a roll of toilet paper made of dollar bills.

[Denny]

LOL... Bank of England Prints £75Bn More to add to their QE

[Denny]

True, but the changes since then have made them increase that ratio. They have to keep more money on hand now, many of them now have three times the capital on hand. Just another reason why they aren't going anywhere any time soon. I'm all for making them do that. The European banks are a different story.

But we're still covering for European banks too!

That is why banks held when they got their bail-outs, to have more on hand. It never went into circulation like it was designed for. They also invested overseas.

[Denny]

Check out what i said about WAMU. There was no going to the fed. They managed their subprime portfolio really well, and were very creative in refinancing and using promises to fund more. In good times that is fine.

But they backed their providian portfolio with deposits, and when Chase organized the fake panic and run on those deposits, they could not count the real assets, only the deposits, and the fed said "sorry, no soup for you".

Your point about corruption in the fed is half true, they are like a mafioso family, but they will eat each other in the process as well.

Right. Just ask anyone from Lehman and Bear. They got the

[Denny]

The treasurys aren't being pump by the Fed, have you been paying attention the past few weeks? The Fed just made them less attractive and people still buy the shit out of them! Imagine if we were paying a real interest rate on them, something like 4%! Gold would be worth $15 an ounce right now and I'd be buying the shit out of it, lol.

Now that the Fed got it going, the sheep are following the trend. They can go lower and people will still go because of "guaranteed money" even though the returns won't even outpace inflation (even at the bogus % that is reported).

You gots to be a dumb mutha to be buying that shit! LOL

[Bassics]

No, if those big banks get to lending, it's a simple call to the Fed. When more money is demanded, it justifies putting more into circulation (Fed's job). Banks get the loan from the Fed for zero or next to zero interest and loan it to us for a few percent. They pay it back to the Fed, the Fed takes its 6% rake (operating costs) and the rest goes back to the Treasury.

THAT is how banks make money.

Check out what i said about WAMU. There was no going to the fed. They managed their subprime portfolio really well, and were very creative in refinancing and using promises to fund more. In good times that is fine.

But they backed their providian portfolio with deposits, and when Chase organized the fake panic and run on those deposits, they could not count the real assets, only the deposits, and the fed said "sorry, no soup for you".

Your point about corruption in the fed is half true, they are like a mafioso family, but they will eat each other in the process as well.

[Broncojohnny]

If they stuck to that, 2008 would have been a better year. LOL

True, but the changes since then have made them increase that ratio. They have to keep more money on hand now, many of them now have three times the capital on hand. Just another reason why they aren't going anywhere any time soon. I'm all for making them do that. The European banks are a different story.

[mstng86]

I say we legalize marijuana. We legalized alcohol during the great depression and it seemed to help us get out of it.

That and you could finally get high legally.

[Denny]

Who were you on the old board?

Casper (Scott)

[Denny]

But it is based on a capital ratio, they don't just get to make all the loans they want.

If they stuck to that, 2008 would have been a better year. LOL

[Broncojohnny]

They'll move to that first, but how much of these treasurys are being pumped by the Fed. People are holding cash in panic mode. They don't know what to do. I am as well, but not because I think it is best, but because I know it'll work for now. If we go deflationary, I'm cleaning house!

The treasurys aren't being pump by the Fed, have you been paying attention the past few weeks? The Fed just made them less attractive and people still buy the shit out of them! Imagine if we were paying a real interest rate on them, something like 4%! Gold would be worth $15 an ounce right now and I'd be buying the shit out of it, lol.

[mstng86]

http://www.wamucoup.com/

Who were you on the old board?

[Bassics]

http://www.wamucoup.com/

[mustangguy289]

Everybody just needs to fap.

[Broncojohnny]

No, if those big banks get to lending, it's a simple call to the Fed. When more money is demanded, it justifies putting more into circulation (Fed's job). Banks get the loan from the Fed for zero or next to zero interest and loan it to us for a few percent. They pay it back to the Fed, the Fed takes its 6% rake (operating costs) and the rest goes back to the Treasury.

THAT is how banks make money.

But it is based on a capital ratio, they don't just get to make all the loans they want.