Cause:
The Senator from Nevada, last night: “We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company — a major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about.”
Effect?:
* METLIFE CREDIT SWAPS CLIMB 97 BPS TO 583 BPS, C
* PRUDENTIAL CREDIT SWAPS JUMP 125 BPS TO 617 BPS
* HARTFORD CREDIT SWAPS CLIMB 165 BPS TO 675 BPS
May we suggest, since Congress is in a prevention kind of mood:
AMENDMENT NO. _______
Calendar No. _________
Purpose: To silence Harry Reid during times of crisis, war, when Congress is in session, and such other times as may be deemed necessary and expedient.
IN THE SENATE OF THE UNITED STATES–110th Cong., 2d Sess.
H. R. 3997
Add Chuck “I Fucked IndyMac” Schumer to the list as well.
Oh and those two broads who think Paulson is a day trader.
Just another indication that the IQ level of the average Congressman is about 50.
Who was that idiot on CNBC? “banning short seller is bad for mom and pop investors.” It’s bad for free market but mom and pop, I might be a bit dull these days but dont’ see the connection, anyone care to explain ?
Turn off CNBC for the next 48 hours. They are going to be plumbing new lows in journalism until this TARP garbage is in the rear-view mirror.
As ye sow….
As I’ve said before: The Obamessiah, Democrats and the MSM (as if there’s any difference between the three) have been consistantly shorting the economy in order to gain political power.
They’re not going to stop now. There’s a presidency to win.
these are all trading points upfront now, about 250 wider on the day. thanks senator
short Harry Reid
@2 you blow you assclown!
@ 4
Fox Business Channel?
I haven’t balanced my checkbook in a while, might be worth tuning in.
are these already on the short ban? if not. . .
“This Committee owes an apology, Senator!!”
-Tom Hagan
this clown may have been talking about AIG
Hey, this clown’s party is going to be in charge of both the legislative and executive branch of gov’t for the next 4 years at least.
The already own Wall St. — after all, they bailed your asses out.
They’ll get to name some Supreme Court justices too.
As ye sow…..
I believe those CDS geniuses trust any junk coming out of a Congresscritter’s mouth. Some people deserve what they get.
#3
you must be a soon to be unemployed MBA
#5
They must be shorting all the European, far east, middle east, (can’t forget) Russia & Brazil as well.
WOW!! what power!
http://www.mpegmovieheaven.com
@13 – Agree
so sad- the idiots in congress who refused to provide the necessary regulation to fannie and freddie will rubber stamp everything that our next marxist president will want. Leave it to Nancy Pelosi and Harry Reid to garner an approval rating that would make Bush look good
So would you rather have someone warn you about a potential failure or someone who says everything is fundamentally strong?
I for one would rather have someone yell fire when the theatre is aflame than say, mmm, smells like bbq.
-C
fu(k Harry Reid and all the dems that used the GSEs as their campaign funding and kickback machine. This congress just plain sucks.
22 = another delusional poster that pretends that Bush was not the President for the past 8 years and that Congress was not controlled by R’s for 6 of the past 8.
23= a liberal weenie who doesn’t understand that the dems or is it dims in congress had a quid pro quo with the Gse’s. pay us and we will protect you. Nancy Pelosi and her ilk were/are so focused on completeing the destruction of Bush that they dropped the ball repeatedly
Were GSE’s allowed to deal with subprime mortgages? Did GSE lobbyists buy all sort of politicians, no matter which party they belong to? And before 2007, weren’t those lobbyists dealing with a Republican Congress? Learn about the game before you talk about it.
suboenae his phone records and brokerage accounts.
No, he’s not smart enough to do it, but the excersize will chasten the flaming, irresponsible idiot.
it should be “mongerer,” as in “one who mongers,” btw.
OY!
24 Thanks for clearing that up. I never realized that Pelosi was responsible for Bush’s numerous deficiencies. Who knew. I totally forgot for example how well things ran for the first six years of the Bush reign, before she came along.
no jew@24, it shouldnt. http://dealbreaker.com/2008/10/unfounded-rumors-hf-edition.php#c6
25- you lack of knowledge is frightening. The democrats have been bought by the gse’s for years not the republicans and it was the democrats who repeatedly shunned regulation for the gse’s
http://online.wsj.com/article/SB122290574391296381.html
http://www.jpost.com/servlet/Satellite?cid=1222017442844&pagename=JPost/JPArticle/ShowFull
24 “The destruction of Bush” I just fell off my chair. As if. Bush ranks among the most stupid presidents ever seen. (Although, if McCain is elected and is offed, I’m thinking Palin will give Bushie a run for his money in that department, but i digress..). His destruction is all his own doing, facilitated of course by Cheney and Rove and equally stupid americans. Like you.
30 Another example of what I’ve seen bubbling around for the past few weeks: an attempt by conservatives (WSJ included) to place the blame for all things currently bad in the world on Clinton. As if the past 8 years didn’t happen. I would ask, if your people couldn’t straighten things out with 8 years in the presidency and six controlling congress, why do you think you deserve another 4?
Quote “Sen. Reid is not personally aware of any particular company being on the verge of bankruptcy. He has no special knowledge about nor has he talked to any insurance company officials. Rather, his comments were meant to refer to the conditions in the financial sector generally. He regrets any confusion his comments may have caused.”
They F-up and apologise… we F-up, we get fired or “resign”… get a real job
Shorter 25, 28, 31, and 32 – “Bush is responsible for everything bad that has ever happened anywhere at anytime.”
#25
Here – have a look: http://www.youtube.com/watch?v=_MGT_cSi7Rs
BTW, I find it interesting that you blame everything on the Republicans because “they were in charge” for 6 of the last 8 years, but I’ll bet you (and many others) have blamed the Republicans for the bailout not passing the House last Friday.
I’ll bet you’ve heaped scorn on anyone pointing out that not only are the Dems in charge now, but their own leadership are the ones pushing this bill and they were only able to deliver 59% of their own members.