Geithner Unveils Revised Bank Plan (Cost now: 2 trillion and climbing)

businessweek.com ^ | February 10, 2009, 12:07PM EST | Phil Mintz

[silverleaf]

Denninger has estimated 1 in 6 Americans may need to be fed and housed in survival camps, if the government had taken the course of action it seems intent on taking

Today it was announced that the emperor has signed yet more executive orders to reverse out Bush’s offshore drilling relief

[Syncro]

Denninger’s market ticker

Gotta link?

I'm looking for a ticker (real time) to put on my desktop.

I gotta admit when I see the market tank it gives me a "tingle."

[mojitojoe]

My country has gone insane.

This isn’t even my country anymore.

A Coup is underway and most people don’t even see it as they wait for the next episode of American Idol.

[silverleaf]

“he looks like Eddie Haskell”

without Eddie’s effort to at least fake warmth, charm, and sincerity

[Syncro]

Yup

Bush's actions were what brought the price of gas to the lower levels.

Even though the price of oil is stable or dropping (staying around 40), gas is going up and will continue to do so.

[Badeye]

I hope we are both wrong. If I’m right, we can recover eventually.

If your right...we are well and truly screwed.

[Centurion2000]

I’m going to be right on this one. :|

[silverleaf]

and we print up more debt (”money”) and then hold auctions of our debt where we buy our own debt with that “money” (printed debt)

got that?

[ClearCase_guy]

I truly think that any money for "bailouts" or "stimulus" ought to be spent on camps. We will have food shortages and fuel shortages, that much seems clear. The government needs to fall back and focus on basic survival needs of the population.

Any effort to prop up a corporation or financial institution is wasted money at this point. We need to start lowering the lifeboats.

[silverleaf]

http://market-ticker.org/archive

You are going to need a strong cup of coffee
Start at the most recent topic and read back

Especially look at Dec 08 and read his projections for 2009, we are already well on the way there and only 3 weeks after coronating obama

[wastedyears]

Survival camps? Let’s open up some FReeper camps, which would be run better by far.

[silverleaf]

check out House Bill 645, just introduced
http://www.govtrack.us/congress/billtext.xpd?bill=h111-645

these are not FEMA camps
they are under Homeland (in)Security

[silverleaf]

http://www.govtrack.us/congress/billtext.xpd?bill=h111-645

[Zeddicus]

Bottom is falling out. Dropped another 40 points since I snapped that chart.

My gut feeling is that we’re headed for 4000. This is seriously not good. And it’s only a matter of time before the bond market collapses, and takes the US Government with it.

[Carry_Okie]

Makes sense to me...

That's some tasty Kool-Aid.

[wastedyears]

[peeps36]

Bloomburg has an article stating the total amount of all bailouts is $9.7 trillion. That is enough money to pay off 90% of all mortgages in America or give every man, woman and child throughout the world a $1400 check. This country is finished.

[silverleaf]

No, the kool aid drinkers would have told you to go look up rex 84

[silverleaf]

Here It Comes
http://market-ticker.org/archives/759-Here-It-Comes.html

[USFRIENDINVICTORIA]

The Japanese government took similar measures to prop up their banks, after their property bubble burst in 1991.

The Nikkei 225 index peaked at about 40,000 just before the burst. It's trading at about 7,945 today.

The following chart ends before recent declines; but, it shows that the only thing government intervention did was to prolong the agony (and probably make matters worse).