Gee, The Banks Are (Still) (Jew-Scamishly) Insolvent?

[CrackSmokeRepublican]

The Market Ticker ®
Commentary on The Capital Markets
Posted 2011-05-31 13:40
by Karl (zio)Denninger

Gee, The Banks Are (Still) Insolvent?
 

My gosh, how did that get out into the media?  You wouldn't know it from the market today....

"If we do not see a meaningful recovery in home prices by the end of the year, we may need to contemplate impairment charges on first liens owned by banks and wholesale write-downs of second lien exposures. This implies solvency issues for BAC [BAC 11.675 -0.015 (-0.13%) ] , WFC [WFC 28.19 0.05 (+0.18%) ] , JPM [JPM 42.91 0.12 (+0.28%) ] and C [C 41.11 0.14 (+0.34%) ] , and big losses for the U.S. government and private investors," says Chris Whalen of Institutional Risk Analytics.

Solvency issues eh?  You mean mark-to-market suspension was just another way to lie?

Yep.

Exactly as I've noted - this sort of lying is not only pernicious it's ridiculously dangerous, as eventually the truth always shows up.  When you get to the point that you can't pay the light bill any more the lies are not only exposed but the damage you allowed to accrue by pretending and dissipating further value during that time makes the eventual losses worse.

Everyone remembers that Committee Meeting in 2009 with Kanjorski, right?  I sure do.  It marked the bottom in the stock market nearly to the day.

And if, as I have repeatedly said I believe since, it proves to have been nothing but a pack of BS and game-playing for the benefit of those banksters, then the former value at 666 was in fact too high as the dissipation since will have to be accounted for as well.

Buckle up folks.

http://market-ticker.org/akcs-www?post=187233

[CrackSmokeRepublican]

Congressman Paul E. Kanjorski to Address Public Menorah Lighting

On Saturday at 7 pm Congressman Kanjorski    will join Bais Menachem    in lighting the menorah on Wilkes-Barre's Public Square. The event is part of the global Unite the Lights Campaign which seeks to direct the groundswell of sympathy and solidarity in the aftermath of the Mumbai tragedy, towards a commitment to decisive and concrete acts of goodness and kindness. All are encouraged to intended.

The campaign aims to empower record numbers of people with the menorah lights' inclusive message of unity and goodness.

Unite the Lights asks everyone to join at least one public or communal menorah lighting, and/or to plan one with their own family and friends as a call to action.

"The horrible events in Mumbai have provoked a universal outcry and tremendous goodwill by people across the entire spectrum who want to do something meaningful," said Rabbi Uri Perlman of Bais Menachem Youth Development Program in Wilkes-Barre.

The grassroots appeal of Unite the Lights has sparked the interest of celebrities and political figures who will carry the message on their own personal youtube videos where they share their personal thoughts about their involvement and the resolutions they made.

The campaign also encourages people to share their resolution with others by posting photos and video clips of their participation at a Unite the Lights event, on http://www.unitethelights.com.

The campaign has the broad-based support of Jewish organizations and anticipates wide participation in this event.


http://www.baismenachem.com/templates/a ... ghting.htm