Alice in financeland

[FUCK THE POLICE]

http://krugman.blogs.nytimes.com/2009/04/22/alice-in-financeland/

Alice in financeland

So the accounting rules say that a decline in the market value of a bank’s debt thanks to increased credit default swap spreads — that is, because investors think you’re more likely to fail — counts as a a profit. On the other hand, if your bank looks stronger, the spreads fall, and you book a loss.

FT Alphaville has the story. Citigroup reported

A net $2.5 billion positive CVA on derivative positions, excluding monolines, mainly due to the widening of Citi’s CDS spreads

while Morgan Stanley reported

Morgan Stanley would have been profitable this quarter if not for the dramatic improvement in our credit spreads - which is a significant positive development, but had a near-term negative impact on our revenues.

So Citigroup is profitable because investors think it’s failing, while Morgan Stanley is losing money because investors think it will survive. I am not making this up.

 

[uscitizen]

I was wondering when others would catch on to the book cooking of those finiancial institutions.

Krugman will one day be as wise as I am.

 

[Sammy Jankis]

But topspin says our best times are ahead of us, because of all th great earnings reports.

What a moron.

 

[uscitizen]

But topspin says our best times are ahead of us, because of all th great earnings reports.

What a moron.

Yep.

He is also one who kept telling us there was no problem, the mall parking lots were still full.

I think he has blown his credibility on economics.

 

[Topspin]

lets see, we have a college sr. A GED/computer repair man and a programmer so dumb he got outsourced 3x discussing high finance.
Ok I'm convinced now.

 

[uscitizen]

lets see, we have a college sr. A GED/computer repair man and a programmer so dumb he got outsourced 3x discussing high finance.
Ok I'm convinced now.

You left out that I got comfortably wealthy (for me) playing the market games.
I have lost no money in this recession. how about you?

Still working and dreading opening your 401K statement?

 

[Topspin]

You left out that I got comfortably wealthy playing the market games.
I have lost no money in this recession. how about you?

Still working and dreading opening your 401K statement?

No one is more full of shit than Jarod (he loves paying taxes). But you are close GED.
You got lucky once for another retarded hillbilly.

 

[Sammy Jankis]

No one is more full of shit than Jarod (he loves paying taxes). But you are close GED.
You got lucky once for another retarded hillbilly.

Get a clue.

 

[evince]

Nothing says stupid like being wrong all the time.

Nothing says smart like being right all the time.

USC is and man and toppy licks trashcans

 

[SmarterthanYou]

Nothing says stupid like being wrong all the time.

Nothing says smart like being right all the time.

USC is and man and toppy licks trashcans

USC is........he doesn't even know that gun show loopholes are a myth

 

[uscitizen]

No one is more full of shit than Jarod (he loves paying taxes). But you are close GED.
You got lucky once for another retarded hillbilly.

Yes I was lucky on the origional deal but....
It was lucky to put most of my money in physical gold before everyone else realized and drove the price up?
It was lucky to put the rest of my money in secure govt backed items?

this was what 3 years ago?
I forget exactly.

Greed often overpowers common sense And makes you a sucker for others to take advantage of.

 

[Topspin]

Nothing says stupid like being wrong all the time.

Nothing says smart like being right all the time.

USC is and man and toppy licks trashcans

says the lady who never had a job and sits on the sofa all day. NICE

 

[evince]

says the lady who never had a job and sits on the sofa all day. NICE

Can licker

 

[Topspin]

Yes I was lucky on the origional deal but....
It was lucky to put most of my money in physical gold before everyone else realized and drove the price up?
It was lucky to put the rest of my money in secure govt backed items?

this was what 2 years ago?
I forget exactly.

Greed often overpowers common sense And makes you a sucker for others to take advantage of.

your a perfect example of why skipping college is a bad choice.
Making a few basic safe financial choices doesn't make you anything special

 

[evince]

USC is........he doesn't even know that gun show loopholes are a myth

Ive known him for years now and he has predicted so many things that have turned out to be dead on it would blow your mind.

Toppy .....well....... His kid is a great wrestler and hes a can licker.

 

[cawacko]

USC is........he doesn't even know that gun show loopholes are a myth

no, she's just following what Cypress used to do...

if you are on the left you are "right on all the issues"

if you are on the right you are "wrong on all the issues"

pretty simplistic

 

[uscitizen]

says the lady who never had a job and sits on the sofa all day. NICE

I no longer work either and usually sit on a recliner.
In a couple of years SS and Medicare will kick in....
Not that I need them but I paid for them.

Keep up the contributions

 

[Topspin]

gold is down 15% since you started bragging about buying it.
you never admit to buying anything that goes down.
Nothing goes straight up.
Therefore your a liar.

 

[SmarterthanYou]

Ive known him for years now and he has predicted so many things that have turned out to be dead on it would blow your mind.

He may be a seer, but he's not up on gun laws.

 

[evince]

your a perfect example of why skipping college is a bad choice.
Making a few basic safe financial choices doesn't make you anything special

aHAHAHAHAHAHAH

He has owned your ass for so long your expiration date is up you can licker.