Goldman at its finest.
This has got to be at least as good as bad porn.
It just doesn't get any better than owning your very own regulator!
They don't need better engineering, ideas or execution. Like all New Paradigm companies they only need better accountants and tax lawyers ... and lobbyists.
What's going on? This is Chanukkah; the Fed is doing all this only for its masters. The bond spread widened and the Fed's stock market is back in Bubbleland. I don't get it.
Another stocking stuffer, from the Best Congress that Money Can Buy.
Thank you, Jamie, for ensuring that the Best Congress that Money Can Buy got the correct message from their 'real world' masters. Now that the TBTF banks have another "all clear" from their captive Congress, it's time to order Schumer to tell the Fed (again) to get back to the business of feeding its TBTF banks.
last night. I don't get it.
Plus they get magic ZEV mystery money from other manufacturers who jack their prices up to transfer the free money to TSLA. California leads this 'stealth wealth' transfer.
Becoming a Bank Holding Company will place EXXI under the full protection of the Federal Reserve as well as having the Federal Reserve be its new regulator! In addition the Fed will ensure that all of EXXI's competitors are punished out of existence and also ensure that taxpayers and the middle class reward EXXI for any reckless bets it places but loses on with 'double profits' on each loss. The Fed will always make every calculated move with only EXXI's benefit in mind, even to the detriment of people, economies, and entire nations. EXXI will be on the same 'fully protected with the full faith and credit of the Federal Reserve' status as Goldman Sachs, JP Morgan, Wells Fargo, Citigroup, all the Major Insurance companies, Barclays, the Bank of England, Deutsch Bank, Morgan Stanley, and General Electric.
It just doesn't get any better than this if you're one of the Fed's special TBTF banks.
hitting another all-time high. Sell AAPL and load up on the only 'protected' sector in the Fed's stock market; FAS. The TBTF banks own their regulator - they sit on the Board of the NY Fed - and they own the Best Congress that Money can Buy.
Doesn't matter. It's just free monopoly money from the Fed. And if the TBTF banks are buying but are wrong, the Fed will make taxpayers cover their bad bets. Nothing to lose.
Why do you think that Buffy gets such a windfall from his insurance company? The rest of his 'investments' are GSEs but his huge insurer and reinsurer are ponzi GSEs. No extremely wealthy citizen has become ultra-rich without the ultimate 'friend-with-benefits', ol' Uncle Sam.
Yes. They can. Buffy's holdings are government-sponsored and subsidized. His TBTF banks are impenetrable and fully backed by the Federal Reserve. His massive insurance holdings default to government payoffs in 'disaster areas', like the $50B(!!!!) gift to Sandy victims. Buffy is a genius. He knows that the best investments are those fully subsidized by the endless flow of free money from taxpayers. The surreal Henry Paulson 'Wells Ruling' and the staggering Netjets 'Security' subsidies are just two examples of the GSE called Berkshire Hathaway.
tinfoil hat off.
Either Goldman's buddies have decided to bear raid LITB to Bk it or one of its biggest shareholders is unloading everything and at least one hedge fund computer program has picked up on it.
as conductors in solar cells and electronics. In addition, "Silverware" is to be replaced by "FRNware" and the former element known as Ag is to be replaced in all chemistry books and Periodic Tables with Ft ("Fiat"); atomic number 0 and atomic weight 0.
Sell AAPL. Buy FAS, the Fed's TBTF Bank ETF. It is the only protected ETF in the world.