There is a difference. Greece is "saved" every week because the TBTF banks have skin in the game. The US Middle Class Debt Slaves are punished because the TBTF banks could care less about them as long as the Best Congress That Money Can Buy makes taxpayers cover the debt.
It's Different This Time. The Compelling, New Paradigm will last forever!
The TBTF banks have proven it since 1913. David's legal fees will cripple him while Goliath uses loose pocket change to finance an army of pinstriped NYC lawyers.
Maybe they got this idea from all of the momo "Cloud" companies. New Paradigm accounting at its finest.
It will be squeezed to at least 200 by the end of February, but may take a bubble month or two to blow past 300. The Trulia buyout is old news. This is just another Good old Bernanke Short Squeeze, which has become 'normal' in the Fed's stock market.
Why isn't the Fed protecting JPM today? Why are we down? This should never happen. The Fed must be too busy holding off the gold rally. Get to work, Mr. Yellen. Make JPM and the other TBTF banks go up. That is your ONLY mandate.
It just doesn't get any better than this. Fed, baby, Fed!!!
the Fed will pump your stocks, especially the Wall Street Darlings and the Fed's owners; its TBTF banks.
And nobody cares as long as Bernanke's stock market goes up every day so that his parasite TBTF "Money ain't for Nothin' " banks can bleed it.
and so-called Mark-to-Fantasy. Only stealth Fed manipulations of their balance sheet matter, and the Fed 'balance sheet' is meaningless. In summary, the most powerful entity in history can pump its stock market forever, using an unaudited and meaningless accounting gimmick formerly called a balance sheet.
It just doesn't get any better than this!
"Pick your Parents" is absolutely the best way to increase your lifespan says my oval office mirror. No charge, no study, no endless Government funding for useless information supported by 'we don't really know why' caveats which simply set the stage for even more 'free' funding requests to study common sense stuff for at least the author's lifetime and the lifetimes of his staffs and relatives. Just like Manmade Global Warming, only on a smaller scale.
Greek debt bankster bailout?
Their books couldn't be any more cooked than the Fed's unaudited books, the US Government books, or any of the TBTF banks' books.
own number, identify your expenses as "one-time Items" even though they occur each and every quarter, and gaap losses become huge, staggering, non-gaap profits in the 'new accounting paradigm'. Soon 'earnings will be revenues, as more and more costs become 'recurrect one-time' "items". Applaud the fraud while you kick the can.
V, GS, JPM, AXP, GE, UNH, and TRV are "industrials". None except GE produce anything. Probably need a new subcategory called Dow Jones Government-fed Parasites.