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Reply #16: This line speaks volumes. [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-04-10 07:26 AM
Response to Reply #14
16. This line speaks volumes.
Under accounting rules, securities in these categories are usually held for longer than those designated as trading investments, helping to avoid writedowns.

Truly amazing and sickening how pretend value was established.
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  -STOCK MARKET WATCH, Monday January 4 ozymandius  Jan-04-10 06:18 AM   #0 
  - Market Observation  ozymandius   Jan-04-10 06:23 AM   #1 
  - Today's Reports  ozymandius   Jan-04-10 06:24 AM   #2 
  - Oil above $80 on US economy, demand optimism  ozymandius   Jan-04-10 06:26 AM   #3 
  - Spot price for Tapis in SE Asia is $83.39 / barrel at the moment  FarCenter   Jan-04-10 09:29 AM   #38 
  - Mortgage foreclosures still swamping federal efforts to help  ozymandius   Jan-04-10 06:28 AM   #4 
  - Fed economist calls for US government MBS guarantees  ozymandius   Jan-04-10 06:45 AM   #6 
     - Bernanke Still Does Not Understand Credit Crisis  ozymandius   Jan-04-10 07:00 AM   #9 
        - .  Tansy_Gold   Jan-04-10 07:26 AM   #17 
  - Goldman's offshore deals deepened global financial crisis  ozymandius   Jan-04-10 06:34 AM   #5 
  - Low rates didn't cause bubble, Bernanke says  rfranklin   Jan-04-10 06:47 AM   #7 
     - Phew! Glad we now know the cause.  Po_d Mainiac   Jan-04-10 06:58 AM   #8 
     - See my post #9. I love Ritholtz's response.  ozymandius   Jan-04-10 07:03 AM   #10 
     - Um, Ben? Is it even remotely possible it was, oh, I dunno.... BOTH?!?  Roland99   Jan-04-10 07:15 AM   #12 
     - Okay, let's see if I have this straight, Ben, old bean --  Tansy_Gold   Jan-04-10 07:25 AM   #15 
        - Not only did they know the mortgages were bad, they bet on them, and won!  DemReadingDU   Jan-04-10 08:42 AM   #32 
        - That about sums it up my dear!  JNelson6563   Jan-04-10 09:53 AM   #40 
  - Aughts were a lost decade for U.S. economy, workers  ozymandius   Jan-04-10 07:14 AM   #11 
  - is this not proof enough that the STUPID GOP supply side  UpInArms   Jan-04-10 07:53 AM   #21 
     - If this Supply Side bullshit were my daily commuter -  ozymandius   Jan-04-10 07:56 AM   #22 
        - my "daily commuter" almost wouldn't start  UpInArms   Jan-04-10 08:03 AM   #24 
        - Ow!  ozymandius   Jan-04-10 08:17 AM   #26 
        - Should you have had 10-W-40?  Tansy_Gold   Jan-04-10 08:19 AM   #27 
        - Morning Marketeers......  AnneD   Jan-04-10 09:03 AM   #34 
           - If you hadn't posted, Anne, I was gonna call you.  Tansy_Gold   Jan-04-10 09:10 AM   #35 
           - I went to California...  AnneD   Jan-04-10 10:46 AM   #48 
              - Glad you are feeling better  DemReadingDU   Jan-04-10 04:55 PM   #60 
           - Glad you're safe home too Anne!  JNelson6563   Jan-04-10 09:56 AM   #41 
           - AnneD!  ozymandius   Jan-04-10 10:02 AM   #42 
           - Nurse - patient ratios  Loge23   Jan-04-10 01:30 PM   #57 
              - At every opportunity....  AnneD   Jan-05-10 02:27 PM   #66 
        - 5W-30  hamerfan   Jan-04-10 08:33 AM   #30 
        - Where ARE You, For God's Sake? Minnesota?  Demeter   Jan-04-10 10:19 AM   #44 
        - Larry Kudlow  boomerbust   Jan-04-10 10:22 AM   #45 
  - Stocks Rally on China Manufacturing as Cold Snap Boosts Oil  ozymandius   Jan-04-10 07:17 AM   #13 
  - Japan Return to 91 GDP Gives Market Mega Risk Crisis  ozymandius   Jan-04-10 07:38 AM   #18 
  - Screaming Telegram? Don't You Mean Howler?  Demeter   Jan-04-10 10:23 AM   #46 
  - No Good Deed Goes Unpunished as Banks Seek Profits From Bailout  ozymandius   Jan-04-10 07:23 AM   #14 
  - This line speaks volumes.  ozymandius   Jan-04-10 07:26 AM   #16 
     - Sounds vaguely familiar  Po_d Mainiac   Jan-04-10 09:18 AM   #37 
  - More Brokers Flee Big Firms, Taking Investors With Them  ozymandius   Jan-04-10 07:41 AM   #19 
  - dollar watch  UpInArms   Jan-04-10 07:49 AM   #20 
  - Credit Suisse sued for $24 billion over resorts  UpInArms   Jan-04-10 07:57 AM   #23 
  - Ambrose Evans-Pritchard: Apocalypse 2010  ozymandius   Jan-04-10 08:15 AM   #25 
  - This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied  Robbien   Jan-04-10 08:26 AM   #28 
  - Here's part of the summary from the SEC.  ozymandius   Jan-04-10 08:41 AM   #31 
     - Their words lead one to think they are trying to protect the people  Robbien   Jan-04-10 09:18 AM   #36 
        - It sounds to me  DemReadingDU   Jan-04-10 05:03 PM   #61 
  - You are just a consumer fodder unit: Corporate Profits Trump Public Safety.  ozymandius   Jan-04-10 08:32 AM   #29 
  - Today it would have even higher hurdles  CatholicEdHead   Jan-04-10 10:17 AM   #43 
  - Markets are open for bidness.  ozymandius   Jan-04-10 08:43 AM   #33 
  - Last week Time Warner came to an agreement to pay Fox more money  Robbien   Jan-04-10 09:34 AM   #39 
  - Luxury Property Owners Sue Credit Suisse for $24 Billion  Robbien   Jan-04-10 10:37 AM   #47 
  - Cannibalism Among the Elite  Demeter   Jan-04-10 10:47 AM   #49 
  - I Fell Behind In Mike Whitney-Watching, So Here Goes:  Demeter   Jan-04-10 10:53 AM   #50 
  - Obama's China Junket: "We're Opening Doors for Wall Street and Nothing More" By Mike Whitney  Demeter   Jan-04-10 10:58 AM   #51 
     - Soaring Unemployment and Double-dip Recession? Blame N.W.O. Larry By Mike Whitney  Demeter   Jan-04-10 11:03 AM   #52 
        - Bernanke's Faux Recovery By Mike Whitney  Demeter   Jan-04-10 11:10 AM   #54 
  - Crisis in Dubai: The Nightmare Scenario By Mike Whitney  Demeter   Jan-04-10 11:06 AM   #53 
  - Whack a Banker....  AnneD   Jan-04-10 01:04 PM   #55 
  - I heard about that on NPR  Demeter   Jan-04-10 01:25 PM   #56 
  - Here's a youtube link for whack a banker.  tclambert   Jan-04-10 05:11 PM   #62 
  - Goldman Director Bill George: Bankers Are Like Movie Stars And Deserve To Be Paid Like Them  Robbien   Jan-04-10 01:34 PM   #58 
  - We another new icon  Tansy_Gold   Jan-04-10 02:57 PM   #59 
  - Dow closes above 10578.24  tclambert   Jan-04-10 05:22 PM   #63 
  - Debt: 12/30/2009 12,144,893,016,570.46 (UP 44,674,537,294.30) (Wed)  Festivito   Jan-04-10 07:19 PM   #64 
     - Debt: 12/31/2009 12,311,349,677,512.03 (UP 166,456,660,941.57) (Thu)  Festivito   Jan-04-10 07:23 PM   #65 
 

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