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Post by johnjrambothe2nd on Nov 5, 2007 13:22:53 GMT -5
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Post by soonerlew on Nov 5, 2007 15:43:53 GMT -5
By: pelicanbrief114 05 Nov 2007, 09:00 AM EST Msg. 621012 of 621060 (This msg. is a reply to 621005 by september_rain.) Jump to msg. # September
The Reservations are "Booked" and the Dance floor has been "Cleared". A great time to be had by all. ;-
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Post by soonerlew on Nov 5, 2007 15:44:20 GMT -5
oaks DIAMOND JEDI ***
There were some very bad people involved with this along the way, but I DON'T count Urban as one of them.
Agree with Ice....we just have to let this play out.
I still believe if you are IN you will WIN.
Oaks (aimho)
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Post by soonerlew on Nov 5, 2007 15:44:55 GMT -5
hundredtoone Diamondologist ****
Re: Citigroup...taking a hit! « Reply #8 on Today at 10:07am » CITI write down now at 11 BILLION...doesn't look good...the CLIFF LOOMS...best get ready for some BAD NEWS IMO for the BIG BOYS...AND don't forget for every LOSER there is a BUNCH of WINNERS IMO...and the WRITE DOWN IMO could EASILY be DEBT from RISKY SECURITY POSITIONS and stock LENDING...we could be watching a "MARKET REMEDY" happening before our eyes...we always thought this might happen in the END...
By: pelicanbrief114 05 Nov 2007, 08:43 AM EST Msg. 621001 of 621050 (This msg. is a reply to 620885 by gusjarvis.) Jump to msg. # Gus
Good morning to you Sir.
Yes, the Jig is up and the plug in the bath water is being pulled before our eyes. It's "Sow & Tell" time at the Romper Room for the Banks/Brokerages, who have utilized the playbook from yesteryear.
Those who have monitored the "Big Picture/Global" have been well aware for years now that it was only a matter of WHEN not IF, such events would ultimately unfold.
While the mainstream (Bought & Paid for) media will attempt to centralize/attribute the issues before us to Subprime in order to minimize the fallout forthcoming, as well as an attempt at providing major damage control, such (Subprime) is merely a scratch on the surface. The problems/issues are far more reaching and travel well beyond many's comprehension. Continue to pay close attention to the forthcoming exposure of the Level III Portfolio Assets, as well as Derivative Land. This is all shaping up to be a Doozie, eh. Buckle-up the chin straps and dig in.
What's the name of that song?
"It's Only Just Begun".
Got Gold/Silver/Hard A$$et$?
Got CMKX? ;-)
Have a wonderful day!!! "
Have a great day Pelican (and WEEK/YEAR/DECADE)...Flying Moose(cmkxunofficial)
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Post by soonerlew on Nov 5, 2007 15:45:26 GMT -5
By: pelicanbrief114 05 Nov 2007, 11:11 AM EST Msg. 621083 of 621097 Jump to msg. # Things to ponder:
Just a few short years ago ('03-'06), it was disclosed to the public that FNM & FRE found themselves engaged in a reported $ 11 Billion accounting mishap (and that's being kind).
As a result, the books of both companies were locked tight and CLOSED (3 years) in order to address the matter and preserve investor confidence. While it was reported that such mishap/fraud was in the $ 11 Billion range, many suspect/ed that the figure was much larger. Nonetheless, it's become quite apparent that what took place during that 3 year "Lock Down" was a massive bailout of the largest US mortgage lenders, which brings us to today.
The Banks/Brokerages now find themselves in much the same posture as both FNM & FRE of just a few years ago. However, the question that begs is, "Can/Will the books of the largest US financial institutions fall into "Lock Down"/Closed mode, while at the same time, maintaing some semblence of order/confidence? Such is Highly unlikely.
Therefore, as further developments are exposed, and they will be, it's imperative to follow the facts, as oppossed to the web that is being woven by the mainstream media.
Subprime is NOT the "Root" of the problems that have engulfed these financial institutions, yet merely, a by-product of much much greater egregious behavior.
Assets have been created out of "Thin Air" (Derivatives), where bids/values are nonexistent today much like the excessive printing of Fiat/Credit/Debt by the Fed that is in the process of debasing/destroying the currency. In short (no pun intended), an entire financial system exists in Cyberspace (Level III) that has as of yet to be drawn down to earth (Books). The numbers are astronomical and leveraged to the hilt. Thus the dilema, which could potentially render the books of many Insolvent.
That being said, this is NOT just a domestic issue that warrants attention, yet perhaps more importantly, entwines the entire Global structure, where vulnerability remains at the forefront.
Stay tuned.
Got CMKX? ;-)
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Post by soonerlew on Nov 5, 2007 15:46:14 GMT -5
By: bhollenegg 05 Nov 2007, 11:31 AM EST Msg. 621089 of 621109 (This msg. is a reply to 621054 by lilburrito0.) Jump to msg. # Lilburrito... I just received copies of the 12 checks posted on PB66. I have studied extensively documents in the past. I noticed several of these checks are forgeries...copies of the same checks, with different handwriting and signatures, though the checks are supposedly written by the same person. I will post the checks with the differences highlighted...give me a few minutes...looks like someone was doing a lot of cooking..
Thanks, BHollenegg
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Post by soonerlew on Nov 5, 2007 15:47:09 GMT -5
By: bhollenegg 05 Nov 2007, 11:37 AM EST Msg. 621093 of 621116 (This msg. is a reply to 621086 by greedy_malone.) Jump to msg. # Greedy Malone...Attorney Bill Frizzell told me in a phone conversation in October 2005 that the FBI was protectig Urban because of threats and the FBI was investigating hackers who broke into their computers.
BHollenegg
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Post by soonerlew on Nov 5, 2007 15:47:59 GMT -5
Thanks bikinipro.............................................Not sure I understand where this is going. ***************************************************************************
By: bobhwang 05 Nov 2007, 12:10 PM EST Msg. 621109 of 621143 Jump to msg. # Bet frank raines & stan oneal had some drinks together.
By: pelicanbrief114 05 Nov 2007, 12:51 PM EST Msg. 621130 of 621154 (This msg. is a reply to 621109 by bobhwang.) Jump to msg. # Bobwang
Friday "Brown Bag" lunches over chocolate Martini's?
By: jay_adobe 05 Nov 2007, 01:05 PM EST Msg. 621138 of 621143 (This msg. is a reply to 621109 by bobhwang.) Jump to msg. # undoubtedly, at least once.
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Post by soonerlew on Nov 5, 2007 15:48:25 GMT -5
By: 4CHUN_PCKR 05 Nov 2007, 01:13 PM EST Msg. 621145 of 621153 (This msg. is a reply to 621141 by jay_adobe.) Jump to msg. # jay finally - Do you still believe if we are in we win? Even with the inevitable loss of value of the dollar?
By: jay_adobe 05 Nov 2007, 01:28 PM EST Msg. 621152 of 621153 (This msg. is a reply to 621145 by 4CHUN_PCKR.) Jump to msg. # Yes I do; always have; always will.
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