KALIDASJI,

Any specific reason for accumulating GSPL. ?

Regards,
KUD
...

KALIDASJI,

1.Not many may be knowing about one of the bank in GERMANY loosing more than 300 million dollars on a single day by the click of a button ( A total of 165 transaction took place. They sent money and got nothing in return). There was a parlimentary enquiry regarding this. I read this report but I dont remember the name of the organisation.

2. In Spain immigrants are asked to go to their countries and a deal to that extent is announced if they agree not to return to Spain at least for three years. ( They will get unemployment benefit).

3. Finnish govt passed a bill(law) for bailing out 6 banks with a package of more than 400 billion dollors.

Will you be kind enough to enlighten us with the European side of the current crisis. My figures may not be exact but I read these recently.

Thanks & regards,
KUD
...

KALIDASJI,

As per the reports Paulson has around 700 million US dollars of GS stocks.

Any comment on this sir,

KUD ...

KALIDASJI,

Thanks for the reply and for taking time out of your busy schedule.

Regards,
KUD...

KALIDASJI,

The following is from Wall Street Journal of today.


"The yield on the three-month Treasury bill rose to 0.88% from 0.14% late Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, was at 3.833%, up from 3.58% late Monday".

My question to you is,

1. What is the difference between Treasury bill & Treasury note.
2. What is the relation between them.

Sir, kindly explain when you find time.
I have read what you replied to one of the boarder about treasury bill.

thanks & regards,
KUD...

KALIDASJI,
I think it is called whipping (with leather whip)this practice still exists even today in Middle East countries.

Thanks & regards,
KUD...

Kalidasji,
Will you be kind enough to post, what you sent to smartmoney dot com for our knowledge here in mmb.

Thanks & regards,
KUD
...

for KUD, Yes, you are right. Inspite of knowing the bankruptcy, a German bank sent several millions to Lehman and lost within 3 hours, not even one day. I do not know anything about Spain. Looks avery imaginative idea Finland govt does not have even $200 billion dollar, how could they give $400 billions? In Hong Kong, Indian banks are facing liquidity squeeze. They are withdrawing credit limits of customers or asking them to reduce the limit on voluntary basis by 30%. A nationalized bank informed its customers of raising Interest Rate by massive 2.5% (over 50%) because they are not getting funding in London or US Inter bank market where they have branches. There are at least 3 Indian banks facing the credit squeeze. so, the credit crisis is spreading very fast. I was a banker for 19 years, so I know what is credit and how is it raised and managed. An author mentioned that "A bank is solvent so long as its customers are not demanding repayment of deposit at same time. The bank survives in such statistical probability" Former SEC Chairman who was interviewed on Bloomberg stated that he took Paulson`s promise to take over bad assets by valuing them individually in 7 days, WHICH PROCESS WILL TAKE OVER 5 YEARS FOR THE LOAN BOOK OF THIS SIZE. I also heard one Fund Manager saying that Monday may see huge plunge of Dow. Many Hedge Funds have been busted due to ban on short selling in middle of the game. Hedge Funds are having huge redemptions and people are just withdrawing money from them and also from Morgan (Stanley) which is now converted into a bank. Hedge Fund industry is 3 trillion industry, and just imagine if they lose, what happens in the market place? Kalidas, Hong Kong 4-10-2008...

for KUD This is why he wants to save Goldman by saving AIG which owes $20 billions to Goldman. Goldman also appear to have unaccountable liabilities many of which may be off shore. they will be brought on shore once the funds are released. Goldman will also get right to manage the $700 Billions of portfolio which will be held till maturity - 30 years. Considering usual management fees of 2% (1% Minimum), it will earn EVERY YEAR $ 7 billions to $14 billions. That will be great revenue booster. They want to write off all accumulated losses (not yet known) by am,mortizing every year against the fees accruing here. Goldman may be carrying over $100 billions of doubtful assets similar to Bear Sterns, Merrill and Lehman brothers. SAVING GOLDMAN, KILLING AMERICAN TEX PAYERS is the function of the new command - Operation Overkill, where tax payers will be massacred under the Commander In chief - Geroge W Bush - one of the most Retarded President of all time. Kalidas, Hong Kong 1-10-2008 ...

for KUD Notes are very short term papers, whereas Bills may be longer period. Both are issued by Treasury department. There is no other relationship. Refer the website savingsbonds. com for more info and also various bonbuyer sites. Kalidas, Hong Kong 1-10-2008...

Reply Post for KUD (your Ref: KUD of 01 Oct 2008 08:27) My Ref: 08-099-IN-R I have devoted full chapter "Where is McKenna's Gold" in my forthcoming book, so I will avoid the comments. Greenspan never mentioned that the gold has never been audited. He always remained silent on this issue. I have Audit report that says that there is so much of gold, but it smacks of manipulation by use of some creative words. When my book hits the shelf, and people know the truth, the gold may zoom to over $3000 per oz. Hell will let lose. At that time, I will tell you what it is. Kalidas, Hong Kong Wednesday, October 1, 2008...

It is same which is reproduced in my blog - though it is more in detail in my blog Kalidas, Hong Kong 26/9/2008...