Chris Whalen On Citigroup's TARP Repayment: Bull Market Or BS?

CNBC Video:  FAST MONEY Insight on Citigroup's (C) plans to pay back TARP, with Christopher Whalen, Institutional Risk Analytics -- Aired December 9, 2009

• "Look, the government has organized this entire rally in equities."

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Comments

[James H]

Hey, it's Chris "Whales" sans specs.

[James H]

An oldie, but a goodie. Whalen talks about Geithner being on the phone all the time with Bob Rubin. What do they talk about?
http://www.youtube.com/watch?v=S2QVs4y6dq4

"All I've seen from Tim Geithner, so far, is his ability to write checks against the public credit[.]"

[James H]

Another gem from this interview. On restructuring the banks:

"... the investors are going to have to take a loss. It's already happened. It's just a question of when, politically, we have the courage and honesty to recognize what's already occurred."

That's poetry, my friends. "Beauty is Truth, Truth Beauty" ("Ode on a Grecian Urn").

[James H]

Instead of actually doing something about the way the banks own the U.S. government, what do you think Banks Obama does? Yep, that's right. He goes out and makes a speech about it. Worthless.

"Obama blasts banks for opposing financial overhaul"
http://news.yahoo.com/s/ap/20091212/ap_on_bi_ge/us_obama_financial_overhaul

[James H]

DB, maybe you've got this one coming down the pipe (has it already been posted and I missed it?), but here's Dylan having fun with the old "house was on fire" analogy. (With Matt Taibbi)
http://www.youtube.com/watch?v=7RXOv0hAYFE

[James H]

Interesting piece on Alternet. (Ken, you'll like this one.)

"Are Americans a Broken People? Why We've Stopped Fighting Back Against the Forces of Oppression"
http://www.alternet.org/story/144529/are_americans_a_broken_people_why_we

[James H]

Mama Mia! Berlusconi Gets Decked by One of the Serfs
http://news.yahoo.com/s/ap/20091213/ap_on_re_eu/eu_italy_berlusconi

[RecoverylessRecovery]

"Mama Mia! Berlusconi Gets Decked by One of the Serfs"

That just raised the ante on throwing shoes at government leaders by a mile. Whoever wants to dis Obama now will HAVE to stick an IED up his ass and press BOOM! in order to top that.