Comments on: IMF Chief Sounds Red Alert http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html Mon, 23 Nov 2009 12:52:40 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6516 Anonymous Tue, 08 Apr 2008 00:40:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6516 I call BS on all of this.<br/><br/>This man represents other rich men who participated in the credit bubble and who are losing their butts.<br/><br/>They blow this stuff out of proportion to scare you into giving up your money. It's a con game, people.<br/><br/>Fall for it, and you will have successfully shown the rich you are exactly as stupid as they make you out to be.<br/><br/>Bring on the 'crisis', I say.<br/><br/>Get 'r done.<br/><br/>Say that to them in public, sometime. You'll see I'm right by the frightened response you get.<br/><br/>This period of history represents the greatest overturn of wealth from rich to poor in generations.<br/><br/>The rich will not go quietly.<br/><br/>They will pull out all the stops, including the Armageddon scenario, to part you with your money.<br/><br/>Nice try, barfbag. I call BS on all of this.

This man represents other rich men who participated in the credit bubble and who are losing their butts.

They blow this stuff out of proportion to scare you into giving up your money. It’s a con game, people.

Fall for it, and you will have successfully shown the rich you are exactly as stupid as they make you out to be.

Bring on the ‘crisis’, I say.

Get ‘r done.

Say that to them in public, sometime. You’ll see I’m right by the frightened response you get.

This period of history represents the greatest overturn of wealth from rich to poor in generations.

The rich will not go quietly.

They will pull out all the stops, including the Armageddon scenario, to part you with your money.

Nice try, barfbag.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6507 Anonymous Mon, 07 Apr 2008 20:53:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6507 IMF?<br/><br/>Hmmm. Isn't that the Institute of Monetary Folly?<br/><br/>They're on the Comedy Channel, aren't they? I believe their office is next door to the Ministry of Silly Walks. IMF?

Hmmm. Isn’t that the Institute of Monetary Folly?

They’re on the Comedy Channel, aren’t they? I believe their office is next door to the Ministry of Silly Walks.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6493 Anonymous Mon, 07 Apr 2008 14:50:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6493 Monday, April 7, 2008 - 10:21 AM EDT<br/>Willow Financial to restate two years of financial reports<br/><br/>http://www.bizjournals.com/philadelphia/stories/2008/04/07/daily4.html<br/><br/>Willow said in November that it discovered an out-of-balance condition of about $6 million in its financial statements that prevented it from filing the report for the quarter ended Sept. 30. It has since been reviewing the situation with the assistance of Jefferson Wells International and PricewaterhouseCoopers.<br/><br/>Company management and the audit committee board have concluded that Willow's previously issued financial statements for the past two fiscal years and the quarter ended September 30 should "no longer be relied upon due to the anticipated restatement." It said the most impact will occur in the first and second quarters of fiscal year 2006, which immediately followed the merger with Chester Valley Bancorp.<br/><br/>Willow Financial (NASDAQ:WFBC) of Wayne, Pa,. is the holding company for Willow Financial Bank, a community bank with $1.6 billion in assets and 29 branch offices located in Bucks, Chester, Montgomery and Philadelphia counties.<br/><br/>Cheers! Monday, April 7, 2008 – 10:21 AM EDT
Willow Financial to restate two years of financial reports

http://www.bizjournals.com/philadelphia/stories/2008/04/07/daily4.html

Willow said in November that it discovered an out-of-balance condition of about $6 million in its financial statements that prevented it from filing the report for the quarter ended Sept. 30. It has since been reviewing the situation with the assistance of Jefferson Wells International and PricewaterhouseCoopers.

Company management and the audit committee board have concluded that Willow’s previously issued financial statements for the past two fiscal years and the quarter ended September 30 should “no longer be relied upon due to the anticipated restatement.” It said the most impact will occur in the first and second quarters of fiscal year 2006, which immediately followed the merger with Chester Valley Bancorp.

Willow Financial (NASDAQ:WFBC) of Wayne, Pa,. is the holding company for Willow Financial Bank, a community bank with $1.6 billion in assets and 29 branch offices located in Bucks, Chester, Montgomery and Philadelphia counties.

Cheers!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6490 Anonymous Mon, 07 Apr 2008 11:58:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6490 I would like to see an agressive global regulatory response, particularly in London and New York, in the commodity markets. <br/><br/>I think the situation calls for an immediate increase in margin requirements (35 - 50 pct), audit or investigation of the off exchange warehouses, and a review of contract concentration. <br/><br/>It would seem that the regulators are too timid or afraid to at least ensure that the futures markets are mechanisms of price discovery rather price fixing. I would like to see an agressive global regulatory response, particularly in London and New York, in the commodity markets.

I think the situation calls for an immediate increase in margin requirements (35 – 50 pct), audit or investigation of the off exchange warehouses, and a review of contract concentration.

It would seem that the regulators are too timid or afraid to at least ensure that the futures markets are mechanisms of price discovery rather price fixing.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6489 Anonymous Mon, 07 Apr 2008 11:53:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6489 If I'm asked to donate to the 'Help Prevent the Worldwide Monetary Meltdown' fund via taxes or inflation (one in the same) then I'll need some concessions.....Let's see....ah, the immediate end to the UN, UNICEF and homeland security, oil prices at a set level for the duration, 'global warming' to be stricken from the record along with its food vs fuel connotations, reverting to the no taxation of ones own labor in any form policy,......uhm....I think that would do it for starters. (Any other oblivious take downs would transpire as perks via harmonic resonance) <br/><br/>If you would agree I would agree. If I’m asked to donate to the ‘Help Prevent the Worldwide Monetary Meltdown’ fund via taxes or inflation (one in the same) then I’ll need some concessions…..Let’s see….ah, the immediate end to the UN, UNICEF and homeland security, oil prices at a set level for the duration, ‘global warming’ to be stricken from the record along with its food vs fuel connotations, reverting to the no taxation of ones own labor in any form policy,……uhm….I think that would do it for starters. (Any other oblivious take downs would transpire as perks via harmonic resonance)

If you would agree I would agree.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6482 Anonymous Mon, 07 Apr 2008 07:43:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6482 Corporate giantism pits the core principle of private enterprise against the central principle of democratic government, and puts society in the no-win position of adhering to one principle or the other, but not both.<br/><br/>Government can uphold the free-market principle by refusing to bail out collapsing giants and make them responsible for the consequences of their own private decisionmaking – but only by risking broader economic turmoil and violating the democratic principle of government that's accountable to, and mindful of, citizens. <br/><br/>THE REAL ISSUE BEHIND SAVING BEAR STEARNS: SIZE<br/>A way out of the bailout dilemma? Prevent corporate giantism.<br/><br/>http://www.csmonitor.com/2008/0407/p09s01-coop.html Corporate giantism pits the core principle of private enterprise against the central principle of democratic government, and puts society in the no-win position of adhering to one principle or the other, but not both.

Government can uphold the free-market principle by refusing to bail out collapsing giants and make them responsible for the consequences of their own private decisionmaking – but only by risking broader economic turmoil and violating the democratic principle of government that’s accountable to, and mindful of, citizens.

THE REAL ISSUE BEHIND SAVING BEAR STEARNS: SIZE
A way out of the bailout dilemma? Prevent corporate giantism.

http://www.csmonitor.com/2008/0407/p09s01-coop.html

]]> By: a http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert.html#comment-6481 a Mon, 07 Apr 2008 07:32:00 +0000 http://www.nakedcapitalism.com/2008/04/imf-chief-sounds-red-alert/#comment-6481 DSK was always one who believed in public intervention - not that I disagree with him, but the fact that *he's* calling for it is less remarkable than it might seem, and I don't think it can be taken as a significant about-face by the powers-that-be. DSK was always one who believed in public intervention – not that I disagree with him, but the fact that *he’s* calling for it is less remarkable than it might seem, and I don’t think it can be taken as a significant about-face by the powers-that-be.

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