POWIP Piece of Work In Progress

1. 

   Sup Lewis
   October 19th, 2009 - 17:00

   They’re unregulated opportunists feeding at the public trough. These fucks are the last one’s standing, that’s one reason they’re getting all the business.

   Remember when all the banks were forced to raise capital? Who do you think lead all those underwritings, and they took no haircut on their fees. What a bonanza for them.

   The most nefarious practice is the corporate credit line game, a.k.a. credit revolvers. Every time those lines were renegotiated Goldman charged a fee, so did the other large banks. It’s amazing.

   Oh yeah, and the next time you want to put on your chicken suit and flap your wings while announcing that the expense of gov’t rules and corp taxes will be passed onto the consumer, think about who pays for those million-dollare fees charged by Goldman, et al, for doing nothing more than making changes in the terms of a Co.’s credit revolver.

   We’re getting hosed every which way ’till Tuesday.

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2. 

   Bob Reed
   October 19th, 2009 - 23:45

   “Remember when all the banks were forced to raise capital? Who do you think lead all those underwritings, and they took no haircut on their fees. What a bonanza for them.”

   That’s funny, because banks are allowed to go to the fed’s discount window themselves; they don’t need any middleman. In fact, that’s why GS needed to acquire an actual bank so that they could go to the window to, or be eligible for TARP money, if I recall; just like GE Credit, and others, needed to acquire banks too.

   “Oh yeah, and the next time you want to put on your chicken suit and flap your wings while announcing that the expense of gov’t rules and corp taxes will be passed onto the consumer, think about who pays for those million-dollare fees charged by Goldman, et al, for doing nothing more than making changes in the terms of a Co.’s credit revolver.”

   Those charges will be passed on to us poor schmucks in some fashion, make no mistake…

   And I don’t wear no chicken suits playah, yellow’s not my color; that’s the preferred color of the gutless, apologist, non-flag-pin-wearing, America hating left…

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3. 

   Hap Smithers
   October 20th, 2009 - 01:27

   Bob, banks borrow money from the Fed window, and only the largest banks can do that.

   To raise fresh capital pubic banks sell stock. To sell stock they use investment banks, GS being the largest investment bank. When the Fed asked the banks to strengthen their balance sheets by raising more capital, that’s what they meant.

   Our banking system is very fucked up right now and it needs to be overhauled. Blocking changes are persons in yellow feathered chicken suits who dudder and squawk and cluck, cluck, cluck. They’re persons who would call me a Socialist when, in fact, it is I who worked in America’s capital markets as a capitalist while they opted for more secure wages scales such those offered by the Socialist-styled U.S. military’s pay scale.

   I bleed red-white-and-blue, chicken man!

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4. 

   Bob Reed
   October 20th, 2009 - 05:55

   “Bob, banks borrow money from the Fed window, and only the largest banks can do that.”

   I believe that’s what I said, and I also don’t believe there is a size limit on who can borrow from the fed window, but is instead limited by assets to use as collateral. GS had to buy a small bank to be window eligible themselves…

   But I see what you mean about GS handling the stock offerings; measures meant to strengthen the balamce sheets long term as opposed to taking TARP money-assuming they lacked the collateral to borrow from the FED…

   “…I who worked in America’s capital markets as a capitalist while they opted for more secure wages scales such those offered by the Socialist-styled U.S. military’s pay scale.”

   And I selflessly protected you right to do so, as opposed to making a fortune in speculative capitalistic endeavors, egg man. What came first, the chicken or the egg?

   Only Frank Purdue knows for sure; an God, but he ain’t tellin’!

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5. 

   Hap Smithers
   October 20th, 2009 - 06:28

   The small banks borrow from the big banks. The Fed’s discount window isn’t used by all banks to borrow whenever they want. That’s why when the banks quit loaning money to each other it became a problem. Banks that are primary dealers always have lots of t-bills to toss at the Fed for overnight borrowing so the smaller banks usually borrow from the primary dealer banks. Then there are bank banks, ha, and these are banks that specialize in loaning money to other banks.

   GS wanted TARP money and that’s why they wanted to be classified as a bank holding company, well, that how I remember it anyway.

   I’ll tell you who came first, me! I wasn’t making my paycheck off of your taxes – we’re taking in the good old days – hahaha.

   Where the fuck is Collins? It’s almost 8:30 am and the fire pisser hasn’t posted squid-dick.

   Dan better get on the ball and start acting like Barack Obama just ran out the backdoor of his place after drinking the last drop of his liquor and fucking his wife. How’s he gonna move up the ranks of angry white r-wingered bloggers if he’s not mad as hell by 8:30?

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6. 

   Bob Reed
   October 20th, 2009 - 07:09

   “GS wanted TARP money and that’s why they wanted to be classified as a bank holding company, well, that how I remember it anyway. ”

   You are correct, that and they wanted access to the Fed’s discount window-before the decision was made to allow investment banks to temporarily use the window too.

   “I wasn’t making my paycheck off of your taxes…”

   That’s a low blow playah, was I supposed to work for nothing? I mean, I already was working for cheap, considering my skills; all so you wouldn’t have to go to Iraq or the Balkans and do your share of fightin’ firsthand; and bar fights in Moscow don’t count!

   “Dan better get on the ball and start acting like Barack Obama just ran out the backdoor of his place after drinking the last drop of his liquor and fucking his wife.”

   Now don’t you think that’s a bit over the top? I mean, Dan is a beer man I believe, and Obama don’t do no white women…

   And if he did, Michelle would make sure it was the last thing he ever did! Even the secret service couldn’t save him from a FLOTUS scorned…

   And Dude, we’re not wingered…We just want to conserve what is good about America, instead of throwin’ the baby out wif da bathwater.

   Good luck in your poker ganme today.

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7. 

   Hap Smithers
   October 20th, 2009 - 07:18

   http://chronicle.com/article/What-Poker-Can-Teach-Us/48641/

   Dude, you are too blinkered to know just how wingered you are!

   And blinkered and wingered is no way fly. Ha.

   Ghoster!

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8. 

   Bob Reed
   October 20th, 2009 - 07:29

   Is that some new kind of pentameter or something or a new kind of early morning poetry?

   Maybe you need a little Cutty in your coffee, to give you an edge!

   Blinkered and wingered, heh…

   Obamist!

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9. 

   Hap Smithers
   October 20th, 2009 - 07:42

   Things keep going the way they’re going and Obama will crack your party of antiquated dingbats into Wrigley Field’s cheap seats.

   He’s gonna fuck up you angry white boys even worse in 2012. Don’t say I didn’t warn you.

   People want smart people talking about solutions to the problems that face this country rather than a bunch of ghostering, birthiring, God-licking white supremacists. You people are so yesterday.

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10. 

    Bob Reed
    October 20th, 2009 - 08:06

    “…a bunch of ghostering, birthiring, God-licking white supremacists.”

    That’s a pretty good string of polemic there thor, I must admit I got a laugh out if it.

    But really, who’s angry; and who’s white, paleface?

    At the rate things are going Obama will be lucky to not have Hillz challenge him in the primaries in 2012! All he’s gotta do is dither a bit more in Afghanistan, especially using the latest risible trope about, “not knowing if the Karzai is the legitimate leader or not…” That is such a bunch of BS, firstly, and secondly it’s just like a bunch of dirty socialist hungarian muppets (quoting happyfeet) not to recognize that governmental authority comes from the bottom up, and not the top down…

    Yep, he’s screwing the pooch in Afghanistan, which pains me greatly, by the way, and was the one area where i could support the President. He’s gonna allow the Iranians to get nukes, another matter that distresses me. And if everything goes well unemployment will still be around 10%. All these factors, and others too, make for a reverse Obama perfect storm…

    So unless the RethugliKKKanz do something stupid like nominate Mike Huclebuck, they’ll stand a pretty good chance of winning; especially of they retake the house in 2010 and can restrict Obama’s ability to take the left fork in the road so to speak…

    Me? I’m neutral, I just want what’s best for our nation. I’ll vote for the best choice; and the person that loves our country for the inherent liberty of all and justice for all, and not for what it could be in the future…

    ‘Cuz I’m all unconditional like that!

    I’m a Patriot! and not the football kind either; the old school kind!

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    • 

      Hap Smithers
      October 20th, 2009 - 14:37

      Speaking of hf, he needs to read this: http://www.spiegel.de/international/zeitgeist/0,1518,654916,00.html

      Bob, at least you don’t hold back your delusions.

      The Republicans are done as a national party, for the next decade anyway.

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      • 

        Bob Reed
        October 20th, 2009 - 15:15

        I think ‘feets saw that in a PW thread…There’s some Brilliance for you, I’ll bet it takes more energy to freeeze the rabbits and keep them frozen until incineration; but I’ll admit that the basic idea, sans freezing, has sort of a, “waste not, want not” appeal.

        Look, I’m not rubbing my e-hands together in delerious anticipation of thise things coming to pass. Get this straight, I don’t want any of it to happen.

        I want Obama to do the right thing, and reinforce Afghanistan. I want Obama to do the right thing, and pimp slap the Iranians. I want Obama to do the right thing and cut spending drastically so that he repeal the strangling corporate and business taxes, and forget this welfare state agenda of his, so that businesses will return to America and people will go back to work…

        As Spike Lee said, I want him to do the right thing!

        But I fear he won’t. I’m not delusional, just not optimistic about Obama’s agenda and lack of leadership.

        The only good part is he may finish off the liberal Democrats once and for all. The blue dogs can be reasoned with…

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        • 

          Bob Reed
          October 20th, 2009 - 15:16

          Oppps, html fail; but opinion win!

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11. 

    SDN
    October 20th, 2009 - 12:53

    Trollhammer: Faster than thor’s

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12. 

    Loki
    October 20th, 2009 - 13:56

    thor, seek professional help.

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13. 

    President Mop
    October 20th, 2009 - 15:26

    With thor’s ego, it’d be self help.

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