EXCLUSIVE: Federal Reserve INCOMPETENT

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EXCLUSIV E: Federal Reserve INCOMPETENT

By Gerald; Internet Anthropologist Think Tank

Oct 3 08

In December of 2007 I posted this.
And the Fed Reserve didn't know?
If I didn't they should have.

Why were money markets were illiquid?

"Possibilities:
1) Large country pulling funds.
2) Sub-prime some how affecting money markets
3) Derivatives based on Money Market rates: crashing?"

My post:here.

If I could see it the Feds surly should have note this.

They had 9 months to do something.

They knoew the worlds money markets were having problems and THEY knoew the cause,

Sub-prime investments in money markets and they knew the bad loans were making the money markets il-liquid.

AND THEY DID NOTHING FOR 9 MONTHS....

SOME ONE NEED TO BE FIRED.

tHEY SAT ON THIS FOR 9 MONTHS AND DECLARED AN EMERGENCY TO PUSH LEGISLATION AT THE LAST MIN.

whores IN CONGRESS.

GERA;D

SERIES 7 AND 11

Q.

How does the sub-prime problem have an effect on credit avaiability?

Real Estate loans are bundled together as a security, and sold like bonds.

The Income from house payments produced the cash flow.

So these "bonds" backed by real estate provide the interest payments from

house payments.

So far so good, nothing wrong with that.

Unless the loans are junk, as soon as we get massive defaults

the Interest on the RE bonds stops as home payments stop.

Now you have a Investment backed by real estate without income.

And as we all know Real Estate is il-liquid, you can't convert it to cash

in 15 min, kind of thing.

Well these Real Estate bonds found their way into Money Markets!

Now I'm not sure how that works, I expect deritavites.

But when these RE bonds quit payment and became Il-liquid

they crippled money markets, probally one of the worlds safest

and most liquid investments.

The money used to make loans are stored/ invested in money markets.

When the money markets coudn't be cashed because the RE bonds quit paying

interest/home payments, they couldn't be cashed our as they are il-liquid.

Now this probally would have worked just fine, except for sub-prime

sleaze, Bankers writing loans they know won't pay off, the barrowers

default, because the banks know they won't get stuck they sell them

to Freddie mac or Sallie may.

AND some other sleaze worked them into money markets. causing the

credit crunch.

Seems the SEC didn;t notice the RE bonds in money markets,

and the Federal Reserve couldn't figure out 7 months ago RE bonds had got into

money markets, I did why didn't they? Where is Paul Volker when you need him?

Gerald

The regulators need to get RE bonds to hell out of money markets.

I have no attempt to do this, maybe they hope buying up the RE bonds 

will remove them for money narkets, get th e deritvites out of the money markets.

Regulators need to be replaced. And the Federa; reserve let this develop into 

a distaster, and then came up with a poor soultion, and shifted risk on to the taxpaysr.

Banking lobbyiest did a great job buying the congress men.

Anybody know who the cingressmen are that accepted the banking lobbyist money and how much? HEADS SHOULD ROLL,  AND THE BIGGEST PRISION TERMS IN HISTORY TO MATCH 

THE BIGGEST BAIL OUT IN HISTORY.

i EXPECT SOME CONGRESSMEN WILL PROTECT THE BANKING CEOS FROM PRISION.

.

.

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• Warning needed

Congress not listening

I got an email from my congressman, about how the Bail out isn't really a bail out.

The voulme of email to congress thru its form system has been so great it brought down the server.

UPDATE:

Server brought down by putting the bill on line:

Read it here:

http://www.house.gov/

"This webpage is not available.

The webpage at http://www.house.gov/ might be temporarily down or it may have moved permanently to a new web address."

The public are tired of banking industry's criminal activity and the power lobbyist weld on Congress.

Usuary interest rates while congress turns it head. Multiple million dollar Golden parachutes for failed, criminal CEOs. Sub-prime fraud and letting these real estate bonds into money markets, Where are the regulators?

This is a wake up call for congress.

and they SNOOZE.

Congress complains the public doesn't understand,

Its congress that doesn't understand.

There is a huge problem, and its on the HILL.

Dow -777

g

I warned THEM ABOUT SUB-PRIME LEAKING INTO MONEY MARKEts ON 1/22/2008 02:14:00 PM...Gerald

"3) Derivatives based on Money Market rates: crashing?"

( Personal note: I'm tired of McCain and Obamma, they tattle on each other like 8th graders, ( in the debates. ))

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• Warning needed
• Let Risk-Taking Financial Institutions Fail

Biggest bail out in the history of the world.

ft

Suckers:

Biggest bail out in the history of the world.
Est 1 to 2 trillion dollars.

By Gerald: Internet Anthropologist Think Tank:
Sept 25, 08

The bail out of the mess created by the banks in their criminal activities in the sub-prime
debacle, and congress is talking about limiting salaries of CEO's.

Are they NUTZ?
THEY SHOULD BE TALKING ABOUT CRIMINAL CHARGES AND THE BIGGEST INVESTIGATION IN HISTORY. AND THE LONGEST PRISON TERMS IN HISTORY.
These banking crooks have caused over a trillion dollars in damages SO FAR.
AND ALMOST BROUGHT THE WORLDS ECONOMIES TO ITS KNEES.
USA was with in hours of a world wide disaster making the last depression look like a picnic.
If it had not been for the Feds fast action, the worlds credit markets could have closed, froze up.
WHERE IS THE DAMN RESTITUTION?
The Mafia never stole that much.
Where is the FBI? A trillion dollar theft.
And they might put a cap on salaries.

Do we really have the best congress money can buy?
The lobbyist will show us, no investigation, no prison terms.
But the criminal CEO's may get a limit on salaries.

Just how many whores are there in congress?

Gerald

There is a way out of this depression.

WAR bonds to protect GWOT.
Allies that can't send troops can buy war bonds.
Huge tax write off for switching your car to natural gas.
Bankrupt the banks, use their equity to cover sub prime mess they created.
Prison terms for CEOs.
Whipping lobbiest publicly.
Repealing the bank favorable bankruptcy laws.
Start criminal procedures against the banks for usury.

That would steady the world markets.
And put the US economy back on an even keel.
And weed out the criminals.
Put the USA back on a capitalist footing and not a socialist setting for bailouts.

Speaking of biggest in the world:

The oil companies are reporting the most profitable years ever.

And the profits are the biggest in the world.

All the while the oil companies get TAX BREAKS from Carters era.

Go figure, Best congress money can buy. G

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