Biggest Wall Street Raid of all time

Those guys made out like bandits. Thieves in the daylight, no less! Forget armored car heists, Bank jobs, counterfeiting, drug running, taking over impoverished little countries...... Legal thievery. Big smiles, the CEO gonna give 1000 shares to some kid charity. Ya gotta admire that aura of credibiltiy. Thing is, they took the money and NOBODY has mentioned the huge sucking effects on market liquidity. Here we we have the FED pumping relativly good money after bad -- but where are the liquidity levels now? (anybody have acces to trimtabs?) Has anyone thought about the drain from the VISA sopping up so much cash? How much was it? Where'd it go? (Bet they dident buy any stinking bank stock, or worthless mortage backed (snicker) paper. Comments?

Edited by kamakazeman, 27 March 2008 - 02:02 PM.

Those guys made out like bandits. Thieves in the daylight, no less!
Forget armored car heists, Bank jobs, counterfeiting, drug running, taking over impoverished little countries......
Legal thievery. Big smiles, the CEO gonna give 1000 shares to some kid charity. Ya gotta admire that aura of credibiltiy.
Thing is, they took the money and NOBODY has mentioned the huge sucking effects on market liquidity. Here we we have the FED pumping relativly good money after bad -- but where are the liquidity levels now? (anybody have acces to trimtabs?)
Has anyone thought about the drain from the VISA sopping up so much cash? How much was it?
Where'd it go? (Bet they dident buy any stinking bank stock, or worthless mortage backed (snicker) paper.
Comments?

It is going to GOLD and OIL, bud ! They know people need OIL and well gold you can just about trade anywhere has more liquidity then the US STOCK Market.

Those guys made out like bandits. Thieves in the daylight, no less!
Forget armored car heists, Bank jobs, counterfeiting, drug running, taking over impoverished little countries......
Legal thievery. Big smiles, the CEO gonna give 1000 shares to some kid charity. Ya gotta admire that aura of credibiltiy.
Thing is, they took the money and NOBODY has mentioned the huge sucking effects on market liquidity. Here we we have the FED pumping relativly good money after bad -- but where are the liquidity levels now? (anybody have acces to trimtabs?)
Has anyone thought about the drain from the VISA sopping up so much cash? How much was it?
Where'd it go? (Bet they dident buy any stinking bank stock, or worthless mortage backed (snicker) paper.
Comments?

Visa was owned by a consortium of banks. Since banks need liquidity, this sale makes perfect sense. The government is sucking up liquidity by unscheduled T-Bill auctions. This actually puts I-banks in a bind, since they are also on hook like they were in muni auctions which they stopped backing..

BTW, love your avatar. You wouldn't be a fan of PacWar or War in the Pacific by any chance?

Edited by linrom1, 27 March 2008 - 03:24 PM.

Visa was owned by a consortium of banks. Since banks need liquidity, this sale makes perfect sense. The government is sucking up liquidity by unscheduled T-Bill auctions. This actually puts I-banks in a bind, since they are also on hook like they were in muni auctions which they stopped backing..

BTW, love your avatar. You wouldn't be a fan of PacWar or War in the Pacific by any chance?

HA!
EVEN WORSE! Makes sense "for them!"
"They" stole the money out of the stock mkt to shore up THEIR liquidity and whereas you'd expect some or even much of the money from IPOs to buy other stock, DESE GUYS are replacing the capital that is gone forever -- doing whatever with the $$, but it has for sure left the stk mkt liquidity pool.
Point is, where's the liquidity coming from to establish an IT low, never mind a substantial rally?

(BTW, the avatar relates to my investing career.)
mike