Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults
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Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: Robert Cohen
Date: Jan 18, 2008 17:03

The federal govt is reportedly preparing checks for distributing
"free" money: This supposedly will be by the Springtime.
Approximately $150 USD is to be given to all to create the win-win
snowball effect.

(Do ya know how to spell K-A-T-R-I-N-A boys and girls?)

If ya don't know what I'm referring to, it's in all the news media.

It's not what CNBC tv financial guru Jim Cramer suggests that Uncle
Sam needs to do.

Cramer says: The disease of lack of confidence is about fear of
financial institutions going bust, because their private bond insurors
are seemingly nearing bankruptcy--MBIA, AMBAC and others.

Individual bank deposits are insured by FDIC up to $100,000 per
account or the Federal Deposit Insurance Company.

In 1931 my father lost his life savings of 350 dollars in a bank that
failed--no FDIC protection then.

Today, the banks' (financial companies) private insurors are thought
to be nearing insolvency.
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Re: Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: Robert Cohen
Date: Jan 18, 2008 18:32

On Jan 18, 8:03 pm, Robert Cohen msn.com> wrote:
> The federal govt is reportedly preparing checks for distributing
> "free" money:  This supposedly will be by the Springtime.
> Approximately $150 USD is to be given to all to create the win-win
> snowball effect.
>
> (Do ya know how to spell K-A-T-R-I-N-A boys and girls?)
>
> If ya don't know what I'm referring to, it's in all the news media.
>
> It's not what CNBC tv financial guru Jim Cramer suggests that Uncle
> Sam needs to do.
>
> Cramer says: The disease of lack of confidence is about fear of
> financial institutions going bust, because their private bond insurors
> are seemingly nearing bankruptcy--MBIA, AMBAC and others.
>
> Individual bank deposits are insured by FDIC up to $100,000 per
> account or the Federal Deposit Insurance Company.
> ...
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no comments
Re: Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: ta
Date: Jan 18, 2008 19:16

On Jan 18, 8:03 pm, Robert Cohen msn.com> wrote:
> The federal govt is reportedly preparing checks for distributing
> "free" money: This supposedly will be by the Springtime.
> Approximately $150 USD is to be given to all to create the win-win
> snowball effect.
>
> (Do ya know how to spell K-A-T-R-I-N-A boys and girls?)
>
> If ya don't know what I'm referring to, it's in all the news media.
>
> It's not what CNBC tv financial guru Jim Cramer suggests that Uncle
> Sam needs to do.
>
> Cramer says: The disease of lack of confidence is about fear of
> financial institutions going bust, because their private bond insurors
> are seemingly nearing bankruptcy--MBIA, AMBAC and others.
>
> Individual bank deposits are insured by FDIC up to $100,000 per
> account or the Federal Deposit Insurance Company.
> ...
Show full article (1.62Kb)
no comments
Re: Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: Robert Cohen
Date: Jan 19, 2008 08:50

On Jan 18, 10:16 pm, ta nc.rr.com> wrote:
> On Jan 18, 8:03 pm, Robert Cohen msn.com> wrote:
>
>
>
>
>
>> The federal govt is reportedly preparing checks for distributing
>> "free" money:  This supposedly will be by the Springtime.
>> Approximately $150 USD is to be given to all to create the win-win
>> snowball effect.
>
>> (Do ya know how to spell K-A-T-R-I-N-A boys and girls?)
>
>> If ya don't know what I'm referring to, it's in all the news media.
>
>> It's not what CNBC tv financial guru Jim Cramer suggests that Uncle
>> Sam needs to do.
>
>> Cramer says: The disease of lack of confidence is about fear of ...
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Re: Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: ZerkonX
Date: Jan 19, 2008 10:22

On Fri, 18 Jan 2008 17:03:17 -0800, Robert Cohen wrote:
> It's not what CNBC tv financial guru Jim Cramer suggests that Uncle Sam
> needs to do.

Wrong wrong WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This Uncle Sam you speak of is a cozy metaphor for Government controlled
money which itself is a cozy way of hiding the fact that it's not only
taxpayer money but value of US dollars itself. That's whose money he is
talking about.
> Cramer says: The disease of lack of confidence is about fear of
> financial institutions going bust, because their private bond insurors
> are seemingly nearing bankruptcy--MBIA, AMBAC and others.

Lack of confidence? Should you have confidence in crime because that's
what is happening.
> Individual bank deposits are insured by FDIC up to $100,000 per account
> or the Federal Deposit Insurance Company.

direct or indirect TAX DOLLARS... see S&L bailout
> In 1931 my father lost his life savings of 350 dollars in a bank that
> failed--no FDIC protection then.
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Re: Jim Cramer: Instead, Spend $250 USD Billion To Back/Insure Against Defaults         


Author: Robert Cohen
Date: Jan 19, 2008 12:47

On Jan 19, 1:22 pm, ZerkonX X.net> wrote:
> On Fri, 18 Jan 2008 17:03:17 -0800, Robert Cohen wrote:
>> It's not what CNBC tv financial guru Jim Cramer suggests that Uncle Sam
>> needs to do.
>
> Wrong wrong WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>
> This Uncle Sam you speak of is a cozy metaphor for Government controlled
> money which itself is a cozy way of hiding the fact that it's not only
> taxpayer money but value of US dollars itself. That's whose money he is
> talking about.
>
>> Cramer says: The disease of lack of confidence is about fear of
>> financial institutions going bust, because their private bond insurors
>> are seemingly nearing bankruptcy--MBIA, AMBAC and others.
>
> Lack of confidence? Should you have confidence in crime because that's
> what is happening.
>
>> Individual bank deposits are insured by FDIC up to $100,000 per account ...
Show full article (6.10Kb)
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