$15 billion would be a lot of cash to hold on to if you were only expecting to have to cover a $2-$3 billion hole.

 

 

Well to be fair. The 15 billion repurchase is probably to be executed over a couple of years. These are not done in one year.

Who said the floor trader was dead?

 

Reuters

FLASH: NYSE courting Facebook ($FB) for stock listing; Facebook considering NYSE's proposal - source familiar with the situation

Fed going to ease swap lines with ECB's? AGAIN???? Stress is mounting beyond the 3yr funding window.

Facebook now threatening $30.

Trader-Talk

 

http://www.securitiestechnologymonitor.com...ce-30658-1.html

Ok, I think I get the gist of this, and it sounds fairly serious if this was able to happen.

The JPMorgan Chase & Co. (JPM) unit responsible for at least $2 billion in losses on credit derivatives was valuing some of its trades at prices that differed from those of its investment bank, according to people familiar with the matter.

 

The discrepancy between prices used by the chief investment office and JPMorgan’s credit-swaps dealer, the biggest in the U.S., may have obscured by hundreds of millions of dollars the magnitude of the loss before it was disclosed May 10, said one of the people, who asked not to be identified because they aren’t authorized to discuss the matter.

 

“I’ve never run into anything like that,” said Sanford C. Bernstein & Co.’s Brad Hintz in New York, ranked by Institutional Investor magazine as the top analyst covering brokerage firms. “That’s why you have a centralized accounting group that’s comparing marks” between different parts of the bank “to make sure you don’t have any outliers,” said the former chief financial officer of Lehman Brothers Holdings Inc.

It's interesting that banks are being forced into buying up treasuries but the rules are now changes so that it does not count it against their capital. Can you say, collapse? This, in and of itself, screams epic fail for you Kensians out there.

So, when can we start agreeing that Obama's economic policies have been a big failure?

 

http://finance.yahoo.com/news/job-growth-f...-123604088.html

 

The level of employment is about 5 million jobs below where it was in December 2007, when the economy fell into recession.

"Pass this jobs bill now".

 

Yea, when are you sheeple going to admit your messiah is a failure?

 

 

 

Yea, when are you sheeple going to admit your messiah is a failure?

When you pass this jobs bill.

It's BUSH'S FAULT.

 

Obama's been passing jobs bill for 3.5 years now... I thought the stimulus, stimulus II, stimulus III, etc. was going to work? Yea, it's everyone else's fault - including the 435-0 and 99-0 votes against the messiah's budgets.

 

 

Welcome to Utopia, where everyone is equal. Mao says hi.

It's BUSH'S FAULT.

 

Obama's been passing jobs bill for 3.5 years now... I thought the stimulus, stimulus II, stimulus III, etc. was going to work? Yea, it's everyone else's fault - including the 435-0 and 99-0 votes against the messiah's budgets.

 

 

Welcome to Utopia, where everyone is equal. Mao says hi.

Why are you wasting my time quoting vote totals on staged, unprocessed budgets that never pass for any President?

Why are you wasting my time on failed policies that never work?

 

Your messiah is a failure. Admit it.

 

Why are you wasting my time on failed policies that never work?

 

Your messiah is a failure. Admit it.

You're right. He made te same mistake FDR made in 7, the same mistake the British made to go into a recession again, He listened to the people who wanted to pull back on spending and allow goveremt to shrink.

Obama isnt Jewish, he cant be the Messiah.

 

You want the US economy to go back into overdrive, let more immigrants in.

 

Its simple economics, when you screw with the supply of labor you artificially increase the cost of labor. That means companies go to other markets for labor where there is not inefficient regulation.

 

Its a pretty fun historical comparison when you look at the US economy and compare it to immigration totals.

 

http://web.missouri.edu/~brente/immigr.htm

 

Immigration restricted in 1924.... But its more fun to say immigrants steal our jobs!

 

 

(I can support that one)

Obama isnt Jewish, he cant be the Messiah.

 

You want the US economy to go back into overdrive, let more immigrants in.

 

Its simple economics, when you screw with the supply of labor you artificially increase the cost of labor. That means companies go to other markets for labor where there is not inefficient regulation.

 

Its a pretty fun historical comparison when you look at the US economy and compare it to immigration totals.

 

http://web.missouri.edu/~brente/immigr.htm

 

Immigration restricted in 1924.... But its more fun to say immigrants steal our jobs!

 

 

Something isn't right about that graph. Because according to the Census Bureau:

The foreign-born share of the population dropped between 1920 and 1970, hitting a low of 4.7% in 1970, before rising again for several decades.

 

Which is corroborated by Table 1 at this link.

 

In fact in 2010, "The U.S. foreign-born population has risen to its highest level since 1920, with 13% of all those living in the nation in 2010 having been born elsewhere, a new report from the Census Bureau shows."

Foreign born is a different statistic.

 

That is how many are currently living in the US, not how many immigrate on a yearly basis.

 

 

To explain, in 1920 there would have been X number of foreign born people already in the US. These are people who have already immigrated into the US. Restrictions on immigration would not reduce their number as they are already here. The only thing that would reduce would be emigration or deportation.

 

So the graph is absolutely right because it is counting immigration per year, not how many immigrants are already in the US.

 

Here is a conservative website with the exact same graph:

 

 

http://capital-flow-watch.net/2006/02/03/a...al-immigration/

 

Here is another completely unrelated website:

 

http://www.npg.org/specialreports/imm&uspopgrowth.htm

 

(that actually explains why the stats you posted are not what Im talking about

 

and another website:

 

http://www.susps.org/overview/numbers.html

Edited June 2, 201213 yr by Soxbadger

LEGAL immigration is fine. No one has a problem with that... except there's no damn jobs anymore because the economy continues to stagnate because someone's policy is to suck all the money out of the private sector and run it through the government every way possible. It never works.

 

Mao says hi.

Which is why if you lift all restrictions on immigration (besides for reasonable ones such as criminals etc) you would have a lot more legal immigration, which would inherently create jobs as the immigrants would need to buy things and they would do crappy things the rest of US dont want to do for cheap prices, so we can afford things.

 

And when you say things like Mao, you are just being ignorant. There is no great leap here, there is no quotas or great leap forward.

 

And what is even more ironic with your statement, is that China's economy is growing.

 

And China owns a lot of our debt.

 

Now you can come in here with your memes, but dont expect people to take you seriously. Nothing I said in anyway relates to Mao, so what is your point again? Why dont you just stick with sheeple, because thats at least a cute pot/kettle dynamic.

 

Its so sad you cant see it, you just blindly meme around not even thinking for yourself.

 

So, when can we start agreeing that Obama's economic policies have been a big failure?

 

http://finance.yahoo.com/news/job-growth-f...-123604088.html

Why is December 2007, 14 months before Obama took office, the starting point for comparing his policies? The January 20th, 2009 starting point is unfair, I'm not even sure how to describe blaming him for job losses for the 14 months he wasn't even in office yet.

 

Why is December 2007, 14 months before Obama took office, the starting point for comparing his policies? The January 20th, 2009 starting point is unfair, I'm not even sure how to describe blaming him for job losses for the 14 months he wasn't even in office yet.

 

Bush still gets blamed for a recession that technically started six weeks after he took office...

Obama isnt Jewish, he cant be the Messiah.

 

You want the US economy to go back into overdrive, let more immigrants in.

 

Its simple economics, when you screw with the supply of labor you artificially increase the cost of labor. That means companies go to other markets for labor where there is not inefficient regulation.

 

Its a pretty fun historical comparison when you look at the US economy and compare it to immigration totals.

 

http://web.missouri.edu/~brente/immigr.htm

 

Immigration restricted in 1924.... But its more fun to say immigrants steal our jobs!

 

I don't think that's a good idea. use a recent comparison, modern day California. we don't have an issue with a labor shortage, that is obvious.

 

if you are suggesting an open borders libertarian free for all, with no minimum wage or worker protections, then yes you will lower wages. but the country will be a total mess and abuse will be rampant.

 

Edited June 2, 201213 yr by mr_genius