The Really Useless Thread

long 3386... weirdo bastad this thing is.

ya the 8th use of the "ECB is gonna lend to the IMF" rumor has gotta be good for a few schekles

Is that what did it this time? I'm curious... are the big boys just not happy with the prices they are being presented with to sell from?

ok... here is one.. the weak countries opt out.. the remainder are the strong ones mostly Germany. this is being spilled. I just laugh. i guess these spilling this crap forgot Germany has guaranteed Greece ect. So they will still be holding the debt bag if they left. W/o a common currency Germany loses a lot of the reasons the piggs bought from them the last decade.
Asia will fill the void. oh and Angila Merkel is pregnant.. the picture floating around shows here holding up 5 fingers. so maybe 5 months.

Your guess is as good as mine

Honestly fair market value of the EU is much closer to 1.2 than 1.35 which is quite a bit of downside risk

my guess(emphasis on Guess) is th big boys are just waiting for a slam dunk to drop massive positions on... ie.. the ECB commits to heavy monetization or a Eurobond is created

till then I just think there are lots of other easier instruments to trade for the big FI guys

105 pips today on this one.

tired... see u guys tomorrow...

don't forget Standerd and poors will downgrade the new e-bond.

scariest rumor I have heard all day

makes sense though with her gigantic floppy udders.... Ill buy it

Germany is wholeheartedly commited to buttsexing the EZ into submission imho.... I have a sneaky suspicion during the S&P soverign audits of france and germany they are gonna find alot more than they bargained for....

S&P is on search and destroy mode.... what did the EZ do to piss them off? Didnt invite em to a xmas party or something?

+1v

WASHINGTON -- Federal Reserve Chairman Ben Bernanke shot back in unusually strong terms at news reports it blamed for making "egregious errors" about the size and impact on Americans of the Fed's emergency lending during the 2008 financial crisis.

In a letter to the Senate banking committee, Bernanke released a staff memo that rebuts the portrayals in recent Bloomberg and other news articles that the Fed was aiming to help big banks' profits at the expense of taxpayers.

A Bloomberg Markets Magazine article released Nov. 27 said that big banks reaped an estimated $13 billion of income after the Fed committed $7.7 trillion in funds as of March 2009 to rescuing the financial system. A media representative for Bloomberg wasn't immediately available to comment.

Calling the lending numbers in the media "wildly inaccurate," the Fed said total credit outstanding under its liquidity programs was never more than the $1.5 trillion peak reached in December 2008.

"To be sure, that is a very large amount, but it was necessary to ensure that the crucial mistake made during the Great Depression--failing to prevent the collapse of the financial system--was not repeated," the Fed said.

The misleading estimates could be based on several mistakes, including double counting some loans, the Fed said. As much of the emergency lending was revolving and made either overnight or for short durations of up to three months, such double counting can lead to a "gross overestimate of the actual amount of lending."

The Fed said that nearly all of the emergency assistance has been fully repaid or is on track to be, something it said wasn't stressed in news articles. The central bank claimed that the loans benefited American taxpayers by generating an estimated $20 billion in interest income for the U.S. Treasury.

At the end of 2010, the Fed was forced by the Dodd-Frank financial law to disclose nearly all of the emergency lending it funneled to different parts of the economy and the financial system during and in the aftermath of the crisis. That was followed by a disclosure in March of this year of the loans made directly to banks under the Fed's discount window, following lawsuits from Bloomberg L.P.'s Bloomberg News and News Corp.'s (NWSA, NWSB) Fox Business Network.

News Corp. owns Dow Jones & Co., publisher of this newswire, and The Wall Street Journal.

-By Luca Di Leo, Dow Jones Newswires; 202-862-6682; [email protected]


(END) Dow Jones Newswires

December 06, 2011 12:15 ET (17:15 GMT)

Euro, stop being a fat ass... shesh.

you must be long

have u decided if your going to adopt me?

oh, i forgot i'm dead. shouldn't be talking...

many green pips

(now i really got to rest some...)

lol. Price still hasn't said i'm wrong, but were not getting anywhere fast.

+1v too... couldnt let u sit without a + brother

if you were a dog i would consider adoption.

you deserved the V

your a good man ... i don't care what they say about you

well done , good job & good decision also now . me to off after some time & should have done much earlier without this wasting time , but k=who knows what may happen .
see u next day then .
fontu

it's just gonna make you suffer a little to earn those pips