Comments on: Price on LBO Loans Falling Due to Pressure From Iceland Liquidations http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to.html Mon, 23 Nov 2009 01:53:25 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: joe http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to.html#comment-20456 joe Fri, 10 Oct 2008 02:50:00 +0000 http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to-pressure-from-iceland-liquidations/#comment-20456 This MIGHT be the point where we consider that all of that new capital STUFF that funded all that expansion in the economy mostly over the past ten years, that ALL of that capital came into existence as another debt.<br/>Hedge Funds. Derivatives. Financial Futures. SIVs.<br/>All of it new debt.<br/>Payable with interest.<br/>All of it.<br/>Sooooooo,,,,,,,<br/>Where does the money come from to pay back all that debt?<br/><br/>Anyone ???????<br/><br/>It comes from more debt.<br/><br/>And, if that ain't exactly the problem that has you by the gut right now, then I don't know what is.<br/><br/>Ultimately it comes from the taxpayer.<br/>In case you missed Paulson's call.<br/><br/>Public credit.<br/>Debt-free money.<br/>ONE HUNDRED PERCENT RESERVES.<br/>Bankers loan out real money.<br/>Capital FROM main street TO main street.<br/>WE are the only banker needed in this deal.<br/>Do not pass WALL STREET.<br/>One get out of jail card.<br/>Monetary Transformation. This MIGHT be the point where we consider that all of that new capital STUFF that funded all that expansion in the economy mostly over the past ten years, that ALL of that capital came into existence as another debt.
Hedge Funds. Derivatives. Financial Futures. SIVs.
All of it new debt.
Payable with interest.
All of it.
Sooooooo,,,,,,,
Where does the money come from to pay back all that debt?

Anyone ???????

It comes from more debt.

And, if that ain’t exactly the problem that has you by the gut right now, then I don’t know what is.

Ultimately it comes from the taxpayer.
In case you missed Paulson’s call.

Public credit.
Debt-free money.
ONE HUNDRED PERCENT RESERVES.
Bankers loan out real money.
Capital FROM main street TO main street.
WE are the only banker needed in this deal.
Do not pass WALL STREET.
One get out of jail card.
Monetary Transformation.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to.html#comment-20449 Anonymous Fri, 10 Oct 2008 01:42:00 +0000 http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to-pressure-from-iceland-liquidations/#comment-20449 Yves:<br/>I've been reading your blog for the past year and have found it to be the single best source of critical news and informed musing on the state of the economy. I also enjoy the elaboration provided by comment posters who have experience and insights into the issues at hand. It's the first thing I read in the morning and the last thing I check before bed. Great work. Thanks, Rob Yves:
I’ve been reading your blog for the past year and have found it to be the single best source of critical news and informed musing on the state of the economy. I also enjoy the elaboration provided by comment posters who have experience and insights into the issues at hand. It’s the first thing I read in the morning and the last thing I check before bed. Great work. Thanks, Rob

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to.html#comment-20412 Anonymous Thu, 09 Oct 2008 22:40:00 +0000 http://www.nakedcapitalism.com/2008/10/price-on-lbo-loans-falling-due-to-pressure-from-iceland-liquidations/#comment-20412 Do they mean 1 billion or 1 trillion euros of debt? Do they mean 1 billion or 1 trillion euros of debt?

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