Wednesday, December 16, 2009

TARP Repayments

What's wrong Timmy boy? Decided not to sell those Citigroup shares that were supposed to make the Treasury a "profit"?

Quick question: Why have both Wells Fargo and Citigroup worked so hard to pay back the TARP funds? Well, the end of the year is coming, of course. It's bonus time! I would not be surprised to see the banksters pay themselves huge bonuses in Janruary and then go back to the government for more bailouts later in the year.

You're going to have egg on your face, Mr. Obama. After all, you picked Timmy Geithner.

I think I want to add some more shorts to the Asian bubble. I'm going to look at possibly buying a couple more put options on FXI like the one I already have.

I would like to congratulate Mr. Bernanke on being acclaimed by Time magazine as "Man of the Year." Time is the best contrarian indicator on the planet. Everything inside is useless socialist excrement. But the cover is priceless.

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