Archive for the ‘Geithner’ Category

So Where The Fuck Did All Those Bad Mortgages Go?

July 16, 2011 by Keyser Söze | 3 Comments | Filed in AIG, Banking Crisis, Bernanke, Economic Crisis, Euromadness, European Union, Federal Reserve, Geithner, Goldman Sachs

You may recall that the financial disaster of 2008 was caused by MBO’s, stuff that is, “mortgage backed obligations“. Long story short, the long-term income streams of mortgages were converted into fungible (tradable) financial paper, which meant that those who sold the stuff could make money now on income generated years in the future. Add […]

Blowing Bubbles: FHA/Trump Edition

August 15, 2010 by Keyser Söze | 2 Comments | Filed in Bad Idea of the Day, Bernanke, Economic Crisis, Economics, Federal Reserve, Financial Meltdown, Geithner, Madness, Socialism, Some People Never Learn

It’s not getting too much play, check but since Fannie Mae and Freddie Mac have their hands (but not their pockets!) pretty much full financing 90% of the mortgages in the US these days, cialis the FHA is stepping in to help out. Basically, the Keynesian (read Bernankian/Geithnerian) solution to the bursting in 2007 of […]

The Uselessness of Economics: Historical Edition

August 12, 2010 by Keyser Söze | No Comments | Filed in Bad Idea of the Day, Banking Crisis, Bernanke, Economics, Geithner, Some People Never Learn

The more you read about today’s economic problems, capsule the more apparent it becomes that economists have no idea what they’re talking about. Just read that idiot Krugman. “The $1.5 trillion spent so far to stimulate our way out of the doldrums just wasn’t good enough. Solution: spending more money we don’t have. What could […]

Know Thy Enemy: Federal Reserve Edition

August 9, 2010 by Keyser Söze | 3 Comments | Filed in Bad Idea of the Day, Bernanke, Depression, Economic Crisis, Economics, Financial Meltdown, Geithner, Good Idea of the Day

Keyser’s been a bit mum on economic topics recently. It’s not that he hasn’t been paying attention. Far from it. But there isn’t much news in this analysis. Basically, sickness the Fed and the US Treasury have spent trillions of dollars that don’t signify anything real, rx and this “money” has resulted in a lot […]

Brother Can You Spare a Dime, or Maybe $500 million?: FDIC Edition

July 24, 2010 by Keyser Söze | No Comments | Filed in Banking Crisis, Bernanke, Blast from the Past, Citigroup, Fraud, Fun and Games, Geithner, How Dumb Can You Be?

This sounds innocuous enough as it stands: The Federal Deposit Insurance Corp. plans to issue securities backed by about $500 million of home mortgages acquired from failed banks, hospital leaning again on guarantees to help sell the debt. The FDIC will back about 85 percent of bonds created for the offering and it may not […]

You Can Say That Again, Brother: Investment Advice (Or Lack Thereof)

June 17, 2010 by Keyser Söze | 6 Comments | Filed in AIG, Bernanke, Citigroup, Geithner, Goldman Sachs, Greed is not Good, Investment Advice, Keyser, Keyser is an Idiot

Keyser has stopped writing about economics because it’s all too depressing. But here Ben Stein, cialis sale who was one of the rah-rah crowd pre-2008 meltdown but seems to have drawn the right conclusions, ampoule pretty much says it all. There is no science without measurement, viagra sale said Lord Kelvin. Likewise, there is no […]

Ya Think?: “Poisonous” AIG Rescue Edition

June 11, 2010 by Keyser Söze | No Comments | Filed in AIG, Bernanke, Citigroup, Do It Yourself, Financial Meltdown, Geithner, Goldman Sachs, Home improvment, How Dumb Can You Be?, Humor

The genii on the Congressional What the Fuck Went Wrong Commission have had enough of their canoodling and have come to this conclusion: American International Group Inc.’s bailout had a “poisonous” effect on the U.S. financial system because it demonstrated the government would protect Wall Street firms from their own risk-taking, clinic said a Congressional […]

We’re Doomed: So Says Timmy Geithner

March 29, 2010 by Keyser Söze | 3 Comments | Filed in Decline of US, Economics, Geithner, Gravity, Ugly Idea of the Day

This is from a personal message from Timmy “Hey, viagra It May Be Buried in There Pretty Deep, But You Can’t Say I Didn’t Warn You” Geithner to anyone willing to listen: As discussed in this 2009 Financial Report of the United States Government (Financial Report), the federal government is on an unsustainable long-term fiscal […]

What Did You Say, Asshole?: AIG Edition

March 4, 2010 by Keyser Söze | 4 Comments | Filed in AIG, Financial Meltdown, Fraud, Fuck You, Fury, Geithner, Goldman Sachs, Greed is not Good

Keyser’s been pretty tolerant of the massive payoff going on with the “financial” industry these days. (Though when did “financial” become a synonym for “massively fraudulent”?) But God’s blood, there this takes the cake (as in Marie Antoinette’s), click and is more than a normally restrained Pannonian can endure: During the national furor that erupted […]

So How Come the Banks Are Doing Okay?: ‘Cause They’ve Parked Their Losses in the Fed Edition

January 31, 2010 by Keyser Söze | 2 Comments | Filed in Bad Idea of the Day, Bernanke, Financial Meltdown, Fraud, Geithner

Keyser used to write all the time about the economic crisis, here but recently not so much. Not because there isn’t stuff to write about, but a) he’s really busy these days, and b) the news isn’t so much “news” as the revelation of a massive, but quite, fraud. Take a look at the following […]

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