Comments on: Counterparties http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: hsvkitty http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-30065 Thu, 25 Aug 2011 19:14:32 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-30065 One more thing …Danny_Black … WAS all that money paid back? I had trouble finding info that said it was. Perhaps you can find a source to back up what always seems to be “your take” and opinion rather than facts.

http://www.prwatch.org/news/2011/08/1092 4/money-still-owed-federal-bailout-15-tr illion-still-owed-treasury-federal-reser ve

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-30064 Thu, 25 Aug 2011 19:04:37 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-30064 @Danny_Black thanks for once again proving all you are is a bank apologist… and of course your first line… admitting you are crazed …

*Most people would have read the piece once to see the the concern for what was considered collateral and see that it got it’s own paragraph titled ‘Acceptable Collateral’ with a followup paragraph entitled ‘Willingness to Lend’ which discusses the banks willingness to lend without proper… you know… collateral.

*80% of the collateral was given an unknown rating and this has been discussed here several times with you having been shut down … but of course you attack Felix and his knowledge of the Fed because you have been shut down many times … and well… how dare he…

*The Fed was providing loans using the same garbage for collateral that was suspect in helping cause the financial crisis and giving S&P nightmares.

*The Fed was providing liquidity to many Global Institutions who were somehow able to take advantage of the funds. Is that truly what the Fed was created for? SO you are saying the tinhatters are correct and that you are one of them?

Why let facts and actually reading the piece get in the way of your bank apologist agenda?

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29993 Wed, 24 Aug 2011 14:19:21 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29993 Ok, re-read the piece and the Bloomberg reporters do know the TAF is collateralised so that were basically lying when they made the fake comparison between an uncollateralised rate and a collateralised one. Why let the truth get in the way of a story right? Not like any other reporter is going to fact check you

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29924 Tue, 23 Aug 2011 06:35:06 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29924 Strych09, I am just one of those crazy people who think journalists should get basic facts right but apparently I am deeply in the minority. People like you think no facts should get in the way of inchoate rage.

TAF was a wierd bailout, no losses and 13bn profit on collateralised loans. Maybe you are confusing banks with say GM?

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By: Strych09 http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29904 Mon, 22 Aug 2011 22:40:21 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29904 TAF may have provided loans secured by collateral, but of course the collateral was close-to-worthless-at-the-time securitized mortgage paper.

The Fed shouldn’t have provided these loans, but if it was going to, it should have attached much more stringent conditions on providing it. But arrogant Wall Street trader types will never understand how warped capitalism is from outside the narrow lens that the finance sector looks through. Heads, Wall St. wins; Tails, Main Street provides bailouts so that arrogant Wall Street types can get their multimillion dollar bonuses!

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29874 Mon, 22 Aug 2011 12:34:57 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29874 And Libor is unsecured, TAF is collateralised. I am sure the dumbass who wrote the article is paying the exact same rate on his O/D as his mortgage.

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29873 Mon, 22 Aug 2011 12:14:28 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29873 As for Gaddafi going, guess they only have to look at the treatment Syria and Iran got and see that giving up your nuclear weapons programme, stopping the sponsoring of terrorists, not getting heavily involved in drug dealing and extortion and most importantly not tilting towards the West is not such a great idea after all….

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29872 Mon, 22 Aug 2011 12:11:50 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29872 I yearn for the day that people with single digit IQs are no longer able to become “journalists”. Maybe then we wont have people thinking that lending 10 dollars ten days in a row is the same as lending 100 dollars. We might even one day have someone who realises that providing emergency liquidity is what the Fed was created for. Truly I have a dream.

PS Mr Salmon, given you are a fan of people not paying their debts back what exactly is your issue with banks being lent money at the discount window and paying back every penny?

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29868 Mon, 22 Aug 2011 09:30:23 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29868 “When a bank does it, that means it is not illegal”

-Barack Obama

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By: GRRR http://blogs.reuters.com/felix-salmon/2011/08/22/counterparties-409/comment-page-1/#comment-29865 Mon, 22 Aug 2011 06:21:03 +0000 http://blogs.reuters.com/felix-salmon/?p=9449#comment-29865 Obama’s gone Right? Oh wait, that’s not news.

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