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alstry (36.17)

When The Whole Game Becomes Fraud.....

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December 15, 2009 – Comments (22)

A nation running a $2 trillion dollar deficit against evaporating tax receipts

Austria natiionalizing banks

Japan relaxing capital reporting rules for 10 years

Dubai broke

Ireland not far behind........

And now this.........

Dec. 15 (Bloomberg) -- Citigroup reported that an arbitration claim was filed against it today in New York by the Abu Dhabi Investment Authority, which purchased equity units from the company in November 2007. The units obligate the authority to purchase a total of $7.5 billion of common equity on specified dates in 2010 and 2011. The arbitration claim alleges fraudulent misrepresentations in connection with the sale and seeks rescission of the investment agreement or damages in excess of $4 billion.

WHAT HAPPENS WHEN THE WORLD IS MADOFF'S CLIENT?????????????????????

22 Comments – Post Your Own

#1) On December 15, 2009 at 8:14 PM, alstry (36.17) wrote:

Does anyone believe Fannie Mae and Freddie Mac will reduce their $1.57 trillion combined mortgage portfolios by 10 percent annually starting next year or caps their debt issuance at 120 percent of their assets?

If this absurd plea for help goes through, taxpayers will be on the hook for up to $800 billion in losses.

Yet, the administration has the gall to brag about making a few $billion on Citigroup even though it is bleeding badly on the GSEs, lost $100 billion or so on AIG, and the Fed's balance sheet is an unaudited mess.

When you throw $trillions around, you are bound to pick up a few dimes somewhere. Bragging about it is ridiculous. Can we have a complete accounting please?

Mike "Mish" Shedlock

AT SOME POINT...........BILLIONS, TRILLIONS MIGHT ACTUALLY MEAN SOMETHING AS BUSINESSES SHUT DOWN AND FAMILIES GET KICKED OUT OF HOMES

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#2) On December 15, 2009 at 8:24 PM, alstry (36.17) wrote:

MALLS, STRIP CENTERS, HOMES, OFFICE BUILDINGS, CAR DEALERSHIPS.....THE END OF A WORLD AS WE KNEW IT, WELCOME TO THE DIGITAL AGE.....

BAKERSFIELD, Calif. -- East Hills Mall has filed for Chapter 11 bankruptcy and many people are wondering how things got to this point and what it means for the mall's future.

The holiday season is supposed to mean booming business for shopping malls, but that's not the case at East Hills Mall where many shops sit empty or their doors closed, and it's been that way for years.

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#3) On December 15, 2009 at 8:55 PM, alstry (36.17) wrote:

When everything becomes a fraud..........it becomes time to pick sides.......

If Israel does attack Iran's nuclear facilities, it will undoubtedly result in a regional war after Iran and Syria signed a mutual defense agreement on Sunday.

Kuwaiti media reported that the agreement was signed at the weekend while Iranian Defense Minister Ahmad Vahidi was visiting Damascus.

Speaking to Syrian media, Vahidi said the agreement was a strong deterrent to an Israeli strike on his country's nuclear facilities. Vahidi said that in addition to a Syrian response, Iran would retaliate for any strike on its nuclear facilities by firing ballistic missiles at Israel's nuclear facilities.

http://www.israeltoday.co.il/default.aspx?tabid=178&nid=20166

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#4) On December 15, 2009 at 9:09 PM, alstry (36.17) wrote:

BOCA RATON, Florida (Reuters) - Corruption, whether in the form of crooked officials, financial fraudsters or even philandering sports stars, is tearing at the fabric of U.S. society and is the country's No. 1 criminal threat, a senior FBI agent said on Tuesday.

BINGO!!!!!!  NOW THIS COP GETS IT.........IT IS NOT THE END OF THE WORLD, JUST THE END OF A WORLD AS YOU KNOW IT..............WHEN WE ARE ALL MADOFF'S CLIENT

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#5) On December 15, 2009 at 9:14 PM, alstry (36.17) wrote:

When you permit insolvent bankers to foreclose on insolvent citizens....you break down the moral fabric of the nation

When you bonus insolvent bankers billions and cut citizens and small businesses off of aid.......you drive anger to the core of society

When you fire significant numbers of police officers and firefighters will giving bankers trillions of free dollars under the above conditions.......

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#6) On December 15, 2009 at 9:20 PM, AaronGaz (22.64) wrote:

haha you are the only one responding to your posts now.

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#7) On December 15, 2009 at 9:28 PM, alstry (36.17) wrote:

Could you imagine if I did a seperate blog for each comment....I would be the most popular blogger on CAPS just by recommending myself.

 

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#8) On December 15, 2009 at 9:37 PM, jddubya (< 20) wrote:

LOL - You'll never be the most popular blogger.

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#9) On December 15, 2009 at 9:37 PM, Starfirenv (< 20) wrote:

Al, you already are. BTW, you are starting to remind me of Charles Manson. Dude, find a padded room.

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#10) On December 15, 2009 at 9:42 PM, alstry (36.17) wrote:

star why don't you and jd merge back into one identity to keep the comments to a managable level instead of adding to the fraud....could you imagine if alstry had more than one identity????

Debt Fears Rattle Europe

The euro tumbled as debt woes spread around the euro zone from Greece, where pledges of austerity and fiscal rigor failed to stem growing fears that the Continent's economic recovery could be derailed.

Austrian Bank Stress Hits Currencies 

Bond Investors Unconvinced by Greek Moves

WHEN THE WORLD IS DRIVEN BY DEBT AND NOT PRODUCTIVITY, WHEN THE BANKERS FINALLY CUT OFF CREDIT.....THE ONLY THING LEFT TO DO IS FIGHT.

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#11) On December 15, 2009 at 9:47 PM, Starfirenv (< 20) wrote:

Wrong again Al. Boy, talk about consistany. He spells better.

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#12) On December 15, 2009 at 9:49 PM, alstry (36.17) wrote:

The South Carolina Budget and Control Board voted Tuesday to cut the state budget by 5-percent or roughly $238 million.

The cuts will effect state spending across the board and some of the affected agencies include education, health care, social services, and prisons.

Jim Foster with the state Department of Education says schools statewide will lose about $100 million funding.

“I’ve talked to educators today, who have been in South Carolina 30 years, 40 years, (and) they say they’ve never seen anything quite like this. We’re looking at more programs being eliminated, more teachers being forced to take unpaid leave; it’s just a really bad situation,” he said

Foster says the cuts could also lead to teacher layoffs in many local districts.

A REALLY BAD SITUATION???......$238 MILLION....THAT IS ABOUT 1% OF THE BONUSES GIVEN TO GS BANKERS

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#13) On December 15, 2009 at 9:57 PM, alstry (36.17) wrote:

1.01.10...GETTING WORSE AND WORSE AS IT HAPPENS.....

State agencies will have to prepare budget cut scenarios of up to 10 percent, dramatically increasing what Gov. Jim Gibbons’ office asked them to prepare earlier this month.

According to a memo sent today by Andrew Clinger, the state’s budget director, agencies will have to come up with recommendations for 6 percent, 8 percent and 10 percent by Jan. 5.

Agencies had been asked to prepare for 1.4 percent and 3 percent cuts, plans that are due today.

In the first six months of the fiscal year, state tax revenue has come in $53 million below projections. The Gibbons administration is still weighing whether it will need to call a special session of the Legislature to deal with budget issues, and has called for the Economic Forum, a group of five business leaders, to reforecast tax revenue by Jan. 19.

“At this time no decision has been made as to whether these budget reserve recommendations will be implemented,” Clinger wrote in the memo. “However, this information will be considered in the decision making process for closing the current projected deficit.”

Earlier this year, the Legislature cut about $1 billion from the budget and raised $1 billion in taxes.

While the state has for the most part avoided layoffs, more than 1,452 positions have been held vacant through attrition and hiring freezes.

THIS NEXT ROUND WILL BE MESSY.........THANK GOODNESS THE RECESSION IS OVER!!!!!

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#14) On December 15, 2009 at 10:00 PM, alstry (36.17) wrote:

 THE ZOMBULATOR IS EVERYWHERE!!!!!!!!!!!!

INDIANAPOLIS - Gov. Mitch Daniels said Tuesday he will cut state spending on public schools by at least $300 million given a new revenue forecast that predicts Indiana government will take $1.8 billion less than what lawmakers thought when passing a two-year budget.

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#15) On December 15, 2009 at 10:02 PM, Starfirenv (< 20) wrote:

Al, do you ever worry about  spontanious combustion? Now that would be messy!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#16) On December 15, 2009 at 10:08 PM, jddubya (< 20) wrote:

Here's another terribly wrong "guess" by you Al:

 

90 Day CountdownDecember 27, 2008 – Comments (16)

My guess is that all hell will break loose within 90 days.

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#17) On December 15, 2009 at 10:13 PM, jddubya (< 20) wrote:

Ooooh... look at this "Wrong Way Corrigan" proclamation:

There is no chance of an AUTO BAILOUT

December 10, 2008

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#18) On December 15, 2009 at 10:14 PM, Starfirenv (< 20) wrote:

Dub, give me a heads up and let me get you the long deal. Tonna snow up here. I bet we could have some laughs. How many stars do you require? Regards.

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#19) On December 16, 2009 at 9:49 AM, jddubya (< 20) wrote:

Hey star - i'm looking at the last week of the year... Sun - Thurs or something like that.  It all depends if I can get the time off - I was actually starting to plan on staying in Reno at the nugget with my gf, her daughter, and my son - we typically get a condo or house in south lake tahoe, but I wanted to make things "more funner" for the kids in the evening... you can catch me at jdw7 at comcast dot net.

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#20) On December 16, 2009 at 6:37 PM, mawnck (< 20) wrote:

Here's another terribly wrong "guess" by you Al:

DUDE! Now you're actually going back and rereading his OLD POSTS?

GET A LIFE!!

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#21) On December 17, 2009 at 1:26 PM, jddubya (< 20) wrote:

#20

LOL - Relax.  I'm relaxed.  I'm having fun.  If I was able to get to you, then maybe, just maybe, you'll be able to understand how Al can get on peoples nerves.

Just because I point out some facts to Al doesn't mean you need to get your panties in a twist.

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#22) On December 17, 2009 at 2:13 PM, mawnck (< 20) wrote:

Just because I point out some facts to Al doesn't mean you need to get your panties in a twist.

Not in a twist, but I'm practically peeing them watching you work so hard at debunking ths poster you "couldn't care less about." TTFN.

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