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Geithner said the "backdoor bailouts" of GS was necessary


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#1 arbman

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Posted 15 January 2010 - 06:01 AM

Geithner said the "backdoor bailouts" of Goldman Sachs Group Inc. and others were necessary and agreed to appear before a House committee probing his handing of the $182 billion rescue of American International Group Inc.


the news came out some 6 months after I said it...

Let me clearly say this one more time; the ENTIRE bail out of AIG was completely planned to bail out GS, a bunch of other institutions got also bailed out together with it, half of them were not even American banks btw...

#2 zoropb

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Posted 15 January 2010 - 06:16 AM

Geithner said the "backdoor bailouts" of Goldman Sachs Group Inc. and others were necessary and agreed to appear before a House committee probing his handing of the $182 billion rescue of American International Group Inc.


the news came out some 6 months after I said it...

Let me clearly say this one more time; the ENTIRE bail out of AIG was completely planned to bail out GS, a bunch of other institutions got also bailed out together with it, half of them were not even American banks btw...

Nasty but it is the Gov's broker :lol: That's why the .25 per trade thingy won't fly.


woke up 5mins ago for a few mins.
dumped 15% 1141.25 from 1145.25 so far 60% Shorty
while im up might as well scalp the point back from 1143ish :D

Edited by zoropb, 15 January 2010 - 06:20 AM.

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#3 zoropb

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Posted 15 January 2010 - 06:32 AM

make that 1144ish

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#4 arbman

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Posted 15 January 2010 - 06:47 AM

So far it got under 1144-1145 trap door, it should be the path to 1136-1137 for tomorrow. There is an hourly trend line over there and I am not sure it will bounce for the 4th time... The next trend line from the daily is around 1120s...

#5 zoropb

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Posted 15 January 2010 - 07:01 AM

that was fast fill 1144.25 and dump 1142.75

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#6 zoropb

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Posted 15 January 2010 - 07:09 AM

So far it got under 1144-1145 trap door, it should be the path to 1136-1137 for tomorrow. There is an hourly trend line over there and I am not sure it will bounce for the 4th time... The next trend line from the daily is around 1120s...

Not sure yet arbs working on it.

just got filled on other 10% at 1138.75 50% left from 1145.25

did someone ring a bell or something :huh:

Edited by zoropb, 15 January 2010 - 07:10 AM.

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#7 arbman

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Posted 15 January 2010 - 07:11 AM

Timberrr! edit: hourly is o/s, it is AH, the govt should pump a little here, on the support etc etc...

Edited by arbman, 15 January 2010 - 07:13 AM.


#8 zoropb

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Posted 15 January 2010 - 07:13 AM

make that 25% more 38.50 that was too fast will short the pop 25%

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#9 zoropb

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Posted 15 January 2010 - 07:18 AM

re 1139.75 25%

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#10 arbman

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Posted 15 January 2010 - 07:28 AM

It looks like we will dip below 1137 at this rate tomorrow, I don't know what it would mean to drop below that huge volume candle from Wed, or perhaps 1137 will be where govt will buy... Kind of like a pre-announced support line! :lol: