The Greatest Economy of all Time Needs... QE4...

[g5000]

The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.

Talk about a "moral hazard"!!!

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

 

[g5000]

Tourre and Paulson should be in prison.

For life.

 

[Toddsterpatriot]

I told you the whole time this was QE4, and you said it wasn't.

Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets

Exactly. You thought your first link, about repos, was QE. Idiot.

You said they are "selling the bonds back"

Yes, you fucktard, that's what a repo means.

are you ready to admit that we are doing QE4???

QE is when they can't cut rates any further.....and have to buy assets.
Like the ECB. Remember negative rates? Another gem from you. LOL!
Are we bumping up against zero rates?

Really Village Idiot,
Did you even read my "first link" Obviously not, I don't think you have ever read the WSJ. Directly from my first link:

The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.

If you would have read my first link then you would have known that we are doing QE, then you wouldn't look so stupid now.

They're selling the bonds back!!!

You dumb fuck, no they are not. QE, the FED buys treasury bonds or assets with newly "created" money. They don't sell that back, those bonds are on the FEDs balance sheet, hence they expand their balance sheet. The repo market is a cash market, cash to cash, not treasury bonds moron. You still don't understand the difference between QE and the repos. That's why you had no clue we were doing QE4.

QE is when they can't cut rates any further.....and have to buy assets.

What the fuck are you talking about???? QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates. You dumb Village Idiot. You have said literally like 5 completely false and wrong statements. Again you have proven yourself a total fool. Republicans are totally clueless, you literally have no clue what the fuck you are talking about! Now you are trying to backtrack to avoid looking even dumber.

They're selling the bonds back!! AHAHA!!! QE is when they can't cut rates any further. Village Idiot, just stop you are totally overmatched.

Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bankbuys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1]

The Fed is using temporary operations to tamp down any possible wild moves

Like overnight repos?

The repo market is a cash market, cash to cash, not treasury bonds moron.

The Fed buys cash with cash.....just stop. Idiot.

QE is when the central banks buy treasury bonds or other assets.

The first time the Fed ever, ever bought assets was after 2008? DURR.

QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates.

Where were you a banker? Was it during a game of Monopoly?

View attachment 293495

The Fed buys cash with cash.....just stop. Idiot.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash, QE is when they buy treasury bonds with cash, You said they are "buying the bonds back" when that is 100% false and shows your stupidity and lack of understanding of all this. Again you have no clue the difference between the repo market and QE.


QE is when they can't cut rates any further.....and have to buy assets.

Completely false. QE is when they buy bonds or assets, exactly what they are doing now, which you don't seem to understand. If interest rates are at 1.5% and they buy assets/bonds then it is QE.

So again are we doing QE or not? Because you have repeatedly said we are not, when we are.

Village Idiot, you have made maybe 10 completely wrong and false statements in this thread. And now you are trying to somehow backtrack away from all your wrong statements.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash,

Of course repurchase agreements lend cash and get repaid in cash. Just what is it you think is being purchased and sold in a REPURCHASE agreement? Bonds. Usually, but not always, Treasury bonds, notes or bills.

QE is when they buy bonds or assets,

Nope.

View attachment 293532

Federal Reserve Board - Open market operations

Did you get fired from your "banker" job for incompetence? Or was it fraud?

Freakin village idiot, here you go again with more misstatements.

You said this:

They sell the bonds back.

No they don't The Fed is buying treasuries and keeping them on their balance sheet, hence the balance sheet expansion and increase in the money supply, which falls under QE, so i guess you just confirmed that you don't know the difference between a Repo and QE.

Then you tried to say that it wasn't QE because we don't have zero interest rates???
You stupidly said this:
QE is when they can't cut rates any further.....and have to buy assets.

What does that even mean that QE is defined by where our interest rates are???? Stupidity and completely false. You have no clue what you are talking about and this stupid and false statement proves it.

Now you are trying to say they are just doing open market operations??? Now you have just dug yourself into a bigger hole. SOoooooo explain to us the difference between an OMO and QE, in which you will then realize that we are doing QE, because QE is an OMO, and is exactly what we are doing right now. AHAHAHAH!!! So let's here it Village idiot...

They sell the bonds back.

Yup. In repos they sell the bonds back, next day or in a week or even a bit longer, depending on the terms of the repo.

No they don't The Fed is buying treasuries and keeping them on their balance sheet,

Not the repos, you twit.

What does that even mean that QE is defined by where our interest rates are????

Yes, pretty much.

What were interest rates in all the QEs before 2008?
Just look at the term, quantitative easing. What are they easing?
What was the overnight rate when they started QE3 in 2012?

Now you are trying to say they are just doing open market operations???

Yes. These asset purchases are permanent (for now) open market operations.

 

[Toddsterpatriot]

The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.

Talk about a "moral hazard"!!!

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

What did he do that was against the law?

 

[AzogtheDefiler]

The Banker doesn’t even know what EBITDA is. Sad.

 

[Harpy Eagle]

The Banker doesn’t even know what EBITDA is. Sad.

Is that the sort of thing that banks deal with?

 

[otto105]

Has this administration ever answered why it creates jobs at a lower rate for the past 34 months than the Obama one did in the 34 months previous?

 

[Toddsterpatriot]

I told you the whole time this was QE4, and you said it wasn't.

Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets

Exactly. You thought your first link, about repos, was QE. Idiot.

You said they are "selling the bonds back"

Yes, you fucktard, that's what a repo means.

are you ready to admit that we are doing QE4???

QE is when they can't cut rates any further.....and have to buy assets.
Like the ECB. Remember negative rates? Another gem from you. LOL!
Are we bumping up against zero rates?

Really Village Idiot,
Did you even read my "first link" Obviously not, I don't think you have ever read the WSJ. Directly from my first link:

The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.

If you would have read my first link then you would have known that we are doing QE, then you wouldn't look so stupid now.

They're selling the bonds back!!!

You dumb fuck, no they are not. QE, the FED buys treasury bonds or assets with newly "created" money. They don't sell that back, those bonds are on the FEDs balance sheet, hence they expand their balance sheet. The repo market is a cash market, cash to cash, not treasury bonds moron. You still don't understand the difference between QE and the repos. That's why you had no clue we were doing QE4.

QE is when they can't cut rates any further.....and have to buy assets.

What the fuck are you talking about???? QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates. You dumb Village Idiot. You have said literally like 5 completely false and wrong statements. Again you have proven yourself a total fool. Republicans are totally clueless, you literally have no clue what the fuck you are talking about! Now you are trying to backtrack to avoid looking even dumber.

They're selling the bonds back!! AHAHA!!! QE is when they can't cut rates any further. Village Idiot, just stop you are totally overmatched.

Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bankbuys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1]

The Fed is using temporary operations to tamp down any possible wild moves

Like overnight repos?

The repo market is a cash market, cash to cash, not treasury bonds moron.

The Fed buys cash with cash.....just stop. Idiot.

QE is when the central banks buy treasury bonds or other assets.

The first time the Fed ever, ever bought assets was after 2008? DURR.

QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates.

Where were you a banker? Was it during a game of Monopoly?

View attachment 293495

The Fed buys cash with cash.....just stop. Idiot.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash, QE is when they buy treasury bonds with cash, You said they are "buying the bonds back" when that is 100% false and shows your stupidity and lack of understanding of all this. Again you have no clue the difference between the repo market and QE.


QE is when they can't cut rates any further.....and have to buy assets.

Completely false. QE is when they buy bonds or assets, exactly what they are doing now, which you don't seem to understand. If interest rates are at 1.5% and they buy assets/bonds then it is QE.

So again are we doing QE or not? Because you have repeatedly said we are not, when we are.

Village Idiot, you have made maybe 10 completely wrong and false statements in this thread. And now you are trying to somehow backtrack away from all your wrong statements.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash,

Of course repurchase agreements lend cash and get repaid in cash. Just what is it you think is being purchased and sold in a REPURCHASE agreement? Bonds. Usually, but not always, Treasury bonds, notes or bills.

QE is when they buy bonds or assets,

Nope.

View attachment 293532

Federal Reserve Board - Open market operations

Did you get fired from your "banker" job for incompetence? Or was it fraud?

Freakin village idiot, here you go again with more misstatements.

You said this:

They sell the bonds back.

No they don't The Fed is buying treasuries and keeping them on their balance sheet, hence the balance sheet expansion and increase in the money supply, which falls under QE, so i guess you just confirmed that you don't know the difference between a Repo and QE.

Then you tried to say that it wasn't QE because we don't have zero interest rates???
You stupidly said this:
QE is when they can't cut rates any further.....and have to buy assets.

What does that even mean that QE is defined by where our interest rates are???? Stupidity and completely false. You have no clue what you are talking about and this stupid and false statement proves it.

Now you are trying to say they are just doing open market operations??? Now you have just dug yourself into a bigger hole. SOoooooo explain to us the difference between an OMO and QE, in which you will then realize that we are doing QE, because QE is an OMO, and is exactly what we are doing right now. AHAHAHAH!!! So let's here it Village idiot...

We Suffered for 8 Years, Say the Haters.

Ever going to admit your error?
Or are you still too stupid to see it?

 

[AzogtheDefiler]

The Banker doesn’t even know what EBITDA is. Sad.

Is that the sort of thing that banks deal with?

That is one of the primary financial terms that banks deal with. Commercial and investment.

 

[Toddsterpatriot]

The Banker doesn’t even know what EBITDA is. Sad.

He can't even calculate a return. He might be the tech who refills the ATM.
Or the guy who replaces the bottled water at the bank.

 

[g5000]

The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.

Talk about a "moral hazard"!!!

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

What did he do that was against the law?

He defrauded the investors on the other side of the bet.

Goldman Sachs investors win right to sue as group over CDOs

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co., the hedge fund of billionaire John Paulson, which helped choose the portfolio of securities and made a billion-dollar bet it would fail. A federal jury in New York in August 2014 found Mr. Tourre liable for his role in Abacus and ordered him to pay $825,000.

 

[g5000]

Goldman Sachs, Paulson settle fraud lawsuit over Abacus

Paulson and Tourre should be in prison.

For life.

 

[Toddsterpatriot]

The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.

Talk about a "moral hazard"!!!

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

What did he do that was against the law?

He defrauded the investors on the other side of the bet.

Goldman Sachs investors win right to sue as group over CDOs

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co., the hedge fund of billionaire John Paulson, which helped choose the portfolio of securities and made a billion-dollar bet it would fail. A federal jury in New York in August 2014 found Mr. Tourre liable for his role in Abacus and ordered him to pay $825,000.

He defrauded the investors on the other side of the bet.


Paulson, AFAIK, didn't make any representations to ABN or IKB.
They weren't Paulson clients. They had no fiduciary duty to Goldman's clients.

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co.,

Yup. Tourre, not Paulson.

 

[Toddsterpatriot]

Goldman Sachs, Paulson settle fraud lawsuit over Abacus

Paulson and Tourre should be in prison.

For life.

Meh.

 

[g5000]

The really sickening part about Abacus 2007-AC1 is that Goldman Sachs was fined for only about half of the profit they made from their fraud.

Talk about a "moral hazard"!!!

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

What did he do that was against the law?

He defrauded the investors on the other side of the bet.

Goldman Sachs investors win right to sue as group over CDOs

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co., the hedge fund of billionaire John Paulson, which helped choose the portfolio of securities and made a billion-dollar bet it would fail. A federal jury in New York in August 2014 found Mr. Tourre liable for his role in Abacus and ordered him to pay $825,000.

He defrauded the investors on the other side of the bet.


Paulson, AFAIK, didn't make any representations to ABN or IKB.
They weren't Paulson clients. They had no fiduciary duty to Goldman's clients.

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co.,

Yup. Tourre, not Paulson.

Paulson knew the health of the security would be misrepresented to the investors. That's why he deliberately chose the most toxic instruments possible.

He should be in prison.

For life.

 

[g5000]

If you get to build a house and then buy fire insurance against it, so you build the house out of flammable materials and shoddy electrical wiring, you know exactly what you are doing, and you know it is insurance fraud.

Going through a middleman does not exculpate you.

 

[The Banker]

Really Village Idiot,
Did you even read my "first link" Obviously not, I don't think you have ever read the WSJ. Directly from my first link:

The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.

If you would have read my first link then you would have known that we are doing QE, then you wouldn't look so stupid now.

They're selling the bonds back!!!

You dumb fuck, no they are not. QE, the FED buys treasury bonds or assets with newly "created" money. They don't sell that back, those bonds are on the FEDs balance sheet, hence they expand their balance sheet. The repo market is a cash market, cash to cash, not treasury bonds moron. You still don't understand the difference between QE and the repos. That's why you had no clue we were doing QE4.

QE is when they can't cut rates any further.....and have to buy assets.

What the fuck are you talking about???? QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates. You dumb Village Idiot. You have said literally like 5 completely false and wrong statements. Again you have proven yourself a total fool. Republicans are totally clueless, you literally have no clue what the fuck you are talking about! Now you are trying to backtrack to avoid looking even dumber.

They're selling the bonds back!! AHAHA!!! QE is when they can't cut rates any further. Village Idiot, just stop you are totally overmatched.

Quantitative easing (QE), also known as large-scale asset purchases, is a monetary policy whereby a central bankbuys predetermined amounts of government bonds or other financial assets in order to inject liquidity directly into the economy.[1]

The Fed is using temporary operations to tamp down any possible wild moves

Like overnight repos?

The repo market is a cash market, cash to cash, not treasury bonds moron.

The Fed buys cash with cash.....just stop. Idiot.

QE is when the central banks buy treasury bonds or other assets.

The first time the Fed ever, ever bought assets was after 2008? DURR.

QE is when the central banks buy treasury bonds or other assets. It has nothing to do with interest rates.

Where were you a banker? Was it during a game of Monopoly?

View attachment 293495

The Fed buys cash with cash.....just stop. Idiot.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash, QE is when they buy treasury bonds with cash, You said they are "buying the bonds back" when that is 100% false and shows your stupidity and lack of understanding of all this. Again you have no clue the difference between the repo market and QE.


QE is when they can't cut rates any further.....and have to buy assets.

Completely false. QE is when they buy bonds or assets, exactly what they are doing now, which you don't seem to understand. If interest rates are at 1.5% and they buy assets/bonds then it is QE.

So again are we doing QE or not? Because you have repeatedly said we are not, when we are.

Village Idiot, you have made maybe 10 completely wrong and false statements in this thread. And now you are trying to somehow backtrack away from all your wrong statements.

Where did I say they buy cash w cash, in the Repo market, they lend cash and get paid back with cash,

Of course repurchase agreements lend cash and get repaid in cash. Just what is it you think is being purchased and sold in a REPURCHASE agreement? Bonds. Usually, but not always, Treasury bonds, notes or bills.

QE is when they buy bonds or assets,

Nope.

View attachment 293532

Federal Reserve Board - Open market operations

Did you get fired from your "banker" job for incompetence? Or was it fraud?

Freakin village idiot, here you go again with more misstatements.

You said this:

They sell the bonds back.

No they don't The Fed is buying treasuries and keeping them on their balance sheet, hence the balance sheet expansion and increase in the money supply, which falls under QE, so i guess you just confirmed that you don't know the difference between a Repo and QE.

Then you tried to say that it wasn't QE because we don't have zero interest rates???
You stupidly said this:
QE is when they can't cut rates any further.....and have to buy assets.

What does that even mean that QE is defined by where our interest rates are???? Stupidity and completely false. You have no clue what you are talking about and this stupid and false statement proves it.

Now you are trying to say they are just doing open market operations??? Now you have just dug yourself into a bigger hole. SOoooooo explain to us the difference between an OMO and QE, in which you will then realize that we are doing QE, because QE is an OMO, and is exactly what we are doing right now. AHAHAHAH!!! So let's here it Village idiot...

They sell the bonds back.

Yup. In repos they sell the bonds back, next day or in a week or even a bit longer, depending on the terms of the repo.

No they don't The Fed is buying treasuries and keeping them on their balance sheet,

Not the repos, you twit.

What does that even mean that QE is defined by where our interest rates are????

Yes, pretty much.

What were interest rates in all the QEs before 2008?
Just look at the term, quantitative easing. What are they easing?
What was the overnight rate when they started QE3 in 2012?

Now you are trying to say they are just doing open market operations???

Yes. These asset purchases are permanent (for now) open market operations.

They sell the bonds back

They do:

In early October, the Fed also said it would start expanding its balance sheet again via around $60 billion a month in Treasury bill purchases, hoping the addition of permanent liquidity would allow it to back away from large temporary interventions.

Since the large interventions started, money-market rates have calmed down. The Fed is using temporary operations to tamp down any possible wild moves, while purchasing Treasury bills to build up reserves in the banking system. It hopes that by buying Treasury bills, the central bank will be able to cut back on repo interventions at the start of next year.

Again you have shown that you have no clue the difference between Repos and QE. It says right there they are keeping around $60 B a month on their balance sheet, and not selling them back. So explain to use what that is called, when they are keeping around $60B a month for 6 months!!!! Because they are clearly not selling the bonds back.

What does that even mean that QE is defined by where our interest rates are????

Yes, pretty much.

AHAHAHA!!!!! Show us a link that says QE is defined by our interest rates. You dumb fuck, that is just completely false!!! Now you are just guessing, you don't even know what QE is. QE is defined by the act of purchasing bonds with newly created money, so if they purchase bonds when rates are 1% that somehow is not QE??? dumb fuck.

You never answered my question, what is the difference between an OMO and QE?????????

All this because you can't admit we are doing QE4.

 

[Toddsterpatriot]

Goldman Sachs was fined for only about half of the profit they made from their fraud.

Wow!

So wrong.

Goldman earned about $15 million in fees.
They were fined $550 million.

Sorry, you're right. Goldman made $15 million. It was Paulson who made the billion. He got away scot free.

What did he do that was against the law?

He defrauded the investors on the other side of the bet.

Goldman Sachs investors win right to sue as group over CDOs

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co., the hedge fund of billionaire John Paulson, which helped choose the portfolio of securities and made a billion-dollar bet it would fail. A federal jury in New York in August 2014 found Mr. Tourre liable for his role in Abacus and ordered him to pay $825,000.

He defrauded the investors on the other side of the bet.


Paulson, AFAIK, didn't make any representations to ABN or IKB.
They weren't Paulson clients. They had no fiduciary duty to Goldman's clients.

The SEC had accused former Goldman Sachs vice president Fabrice Tourre of intentionally misleading investors about the role played by Paulson & Co.,

Yup. Tourre, not Paulson.

Paulson knew the health of the security would be misrepresented to the investors. That's why he deliberately chose the most toxic instruments possible.

He should be in prison.

For life.

Paulson knew the health of the security would be misrepresented to the investors.

Unless he misled someone he had a duty to represent......he didn't break any laws.
He wasn't underwriting shares of a new issue.

He should be in prison.

Meh.

If I "know" that Obama Inc is going to go bankrupt and I sell 1 million shares to you......and they go bankrupt,
I didn't do anything wrong......unless I was trading on non-public insider info.
Did Paulson know something about those mortgages that IKB and ABN couldn't have found out?

 

[The Banker]

Hey, did you know he was the first one to ever hit it over the fence at the congressional baseball game. It wasn't until many, many years later that someone else did. But I think they had moved the fence in by then. lol.

Question for you as you seem to have some clue about economics and finance.

1) Please explain to others the difference between QE and the repo market intervention.
2) Is QE defined by where our interest rates are or by the act of purchasing government bonds and assets with newly created money, and if we purchase gov bonds with newly created money and have interest rates at 1.5% is that still QE?
3) Please explain the difference between open market operations and QE, as QE is a form of open market operations
4) are we doing QE again?

I am just asking to help clear up the confusion because some people on here that have no clue about any of those things

 

[Toddsterpatriot]

If you get to build a house and then buy fire insurance against it, so you build the house out of flammable materials and shoddy electrical wiring, you know exactly what you are doing, and you know it is insurance fraud.

Going through a middleman does not exculpate you.

Paulson didn't write the mortgages. He didn't hide info about them from a client. Sorry.

If Goldman had info about the shittiness of these securities and misrepresented them, that's
Goldman's fraud, not Paulson's.