Financial topics

[aedens]

NEW YORK (Reuters) - Two U.S. pension funds have alleged in a lawsuit that Blackrock, the world's biggest asset manager, has looted securities lending returns from iShares exchange-traded funds investors, and breached its fiduciary duties.
In the suit, the pension funds allege that several iShares ETFs spent funds on "grossly excessive compensation" to agents affiliated with the ETFs, as well as on other agents, and they want to recovery the funds for investors.

http://www.chicagotribune.com/business/ ... 1735.story

http://query.nytimes.com/mem/archive-fr ... D3operator "literally 'plays the bank,' as in a gambling house, against the customer."

http://query.nytimes.com/search/sitesea ... ket+shops/

[aedens]

If we had a President and a Department of Justice this shit would end. I still believe what he said when he went to
Chat with wall street. Overall, as much as these affairs hurt the regular folks we need local Attorney Generals to do there reasonable service.
It does take time to sort things out as they say. They know better as we do. They are looting us blind and the White House
is doing what as it goes on?

[Higgenbotham]

The reason the double and triple inverse ETFs decay so rapidly is because the backwardation in the futures contracts is bad enough but that gets doubled or tripled in these funds. The parasites knew that when they put these funds together. Besides the fact that they skim. That helped to drive the bubble. The lawsuit might be an indication of a coming turning point actually.

If this is the equivalent of 1937, I see one option where it tops mid to late week. The week would be choppy and not get much higher than last week's close. I don't see any strong likely scenarios though. As 47 years may be a key, 47 months from the March 2009 bottom may be a key also. It has geometric and celestial relationships to the 17 month down move from 2007 to 2009. Overall, I'll believe what I see, as in watching the mouse rather than predicting where the mouse will be.

[aedens]

STERLING HEIGHTS, Mich. – The U.S. TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $395 million contract for work under the Egyptian tank co-production program. The contract funds the production of 125 M1A1 Abrams tank kits for the eleventh increment of the Egyptian co-production program.
Lester Crown: Became chairman of General Dynamics 1983. Diversified family's fortune; today owns stakes in General Dynamics, Maytag, Alltel, JPMorgan Chase, Hilton Hotels, Rockefeller Center, basketball's Chicago Bulls, baseball's New York Yankees. Longtime Democrat raised money for Obama.

Affiliated with General Electric in the U.S., was sold to a Franco-Belgian holding company and evaded the conditions of the Young Plan. It should be noted in passing that Owen Young was the major financial backer for Franklin D. Roosevelt in the United European venture when FDR, as a budding Wall Street financier, endeavoured to take advantage of Germany's 1925 hyperinflation. The United European venture was a vehicle to speculate and to profit upon the imposition of the Dawes Plan, and is clear evidence of private financiers (including Franklin D. Roosevelt) using the power of the state to advance their own interests by manipulating foreign policy.
Schacht's parallel charge that Owen Young was responsible for the rise of Hitler, while obviously self-serving, is recorded in a U.S. Government Intelligence report relating the interrogation of Dr. Fritz Thyssen in September, 1945

[Higgenbotham]

"We lent it," said Mr. Harman, on behalf of the Bank of England, "by every possible means and in modes we had never adopted before; we took in stock on security, we purchased Exchequer bills, we made advances on Exchequer bills, we not only discounted outright, but we made advances on the deposit of bills of exchange to an immense amount, in short, by every possible means consistent with the safety of the Bank, and we were not on some occasions over-nice. Seeing the dreadful state in which the public were, we rendered every assistance in our power.' After a day or two of this treatment, the entire panic subsided, and the 'City' was quite calm."

On Dec. 24, 1824, the coin and bullion on the Bank was £10,721,000. On Dec. 25, 1825, it was reduced to £1,260,000.[2]

The Bank was saved at the last minute from suspension of convertibility by gold flows from the Banque de France. The English crisis spread to Europe and also to Latin America, prompting a general default on its sovereign debt. A serious recession followed in early 1826. In the aftermath of the crisis, blame was placed on the country banks for fueling the stock market boom and on the Bank of England for not policing them.

http://wiki.mises.org/wiki/Panic_of_1825

1825 is the midpoint between the bursting of the Tulip Mania and 2013.

[vincecate]

I wrote a blog post on why I think excess reserves should be counted as part of the total government debt and have graphs showing what the monetary base has been doing with and without the excess reserves.

http://howfiatdies.blogspot.com/2013/02 ... -debt.html

[aedens]

The Republicans are extinct already. Here is why http://dailycaller.com/2012/11/18/homel ... materials/ Gerrymander is a old art form as it was for the Union to get troops off the boat for the civil war. The retards will say always the other set of immigrants say this. Total crap. After world war one quotas got enforced. More than a few came into Canada then to the states legally as did my grandfather since he had no choice on American policy to get in. Nothing that comes out the mouth of these people today of this political machine is facts. Both are the same and some political animals are going extinct called republicans. After the neo cons shit from day one after the yellow cake was sold to Canada is a lie on the conflict period. On February 5, 2003 Colin Powell four star general, US Secretary of State, made a case to the United Nations that Saddam Hussein had weapons of mass destruction.
After Powell lowered himself and it blew up in his face I knew what was what. He should of resigned and then became a democrat or just flat ass resigned so the stench was removed from a decent guy who made a decision so all in all I hold him regard but for a decision which history will tell a poor tale of Plato's cave allegory they have to lie in power since it is for your best interest to stay chained to the wall we all know so well.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Senator Barack Obamney (D-IL)
March 16, 2006
Official National Debt at that time: 8 trillion USD
Nothing at all is true from all of them. Debt is Lies. "Point blank was said Bend the Trend" LIES

Some math for the sheep as they poke you idiots with sticks. Before Nixon I was a idiot also so get over it and get with it. We have no party at all
since they unplugged you from facts of matters. Carrol Quigley was wrong that one or the other would be tossed as individuals and the Founders
are the ones who are correct on the day we truly are in.
http://www.paulcraigroberts.org/
http://www.safetyweb.org/fpl.php

[aedens]

https://duckduckgo.com/?q=cardinal+utility
https://duckduckgo.com/?q=ordinal+utility
https://duckduckgo.com/?q=natural+economy+thematic
https://duckduckgo.com/?q=second+derivative+of+utility+

Thus in ordinal utility theory, there is no concept of diminishing marginal utility, which would correspond to the second derivative of utility being negative.

http://www.zerohedge.com/news/2013-02-0 ... t-accident

Levarage is lies, let the mouse avoid the cat of the color does not matter in pericopic design.

Water, wheat, weather, then the light switch.

Vickers Weekly Insider report, one of the longest researchers of executive buying and selling on Wall Street. "Insiders are waving the cautionary flag in an increasingly aggressive manner."
There have been more than nine insider sales for every one buy over the past week among NYSE stocks, according to Vickers.

No windows now just a early point to ponder on now H.

[Iceman]

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

aedens...as I was reading this, I was thinking to myself, "I wonder what republican senator said this." Then I got to the #44 author end. Brilliant post sir, for sorry-sad state of Go USA affairs. Welp, back to my NCIS TV viewing.

[aedens]

It gets worse fast. It will deflate net working capital as margin compression. This means some more may walk away a few years ahead of shedule to protect actual capital now since wage arbitrage is all gone now and the Democrats are to stupid to care, and they are. Already happening on debt structures and stranded costs which in turn are said to be chained to private equity for pension structures, which I posit is why on the printing anyway. This means the trophy wife is forty plus and they found another one elsewhere.
http://www.zerohedge.com/news/2013-02-0 ... p-earnings
In a perfect world I have four years to avoid them elsewhere and watch the Fabians implode on both side of the pond on ground zero on this whole mindset.
Many consider the repudiation is gaining traction on onerous debt as they poke sticks into regional realities in avarice to loot to the end.
The FEDS caused CRA and now pilfer five billion from rating agency's. Egan Jones got suspended from rating 18 months for marking the truth on MBS. Red circling and other white papers we had posted here denied the claim with empirical facts of the matter.