"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, July 18, 2008

Zippity doo-dah,Zippity Yayy - Friday's looking like a very good day ...

The Wall Street Journal today reports that " citing unnamed people familiar with the matter", Freddie Mac is "considering" selling up to US $10 billion in new shares to investors. One of their potential new investors over at Market Watch makes the wonderful pithy point , which raises the level of internet drollery to a new and higher level of informed financial comment.

CEsqy ..
"The invisible hand of the market slowly put its greedy fingers into the short stubby appendages of the latex glove and whispered to the Fed Chairman, "Its your turn today Ben."

The Market Watch library of his shots reveals (186 and counting) yet more compressed wisdom and cheer.

"The stock market, like housing, always goes up, till it don't."

"Rate's are going up, no matter what convoluted form the GSE bailout takes. Foreigners who support our addiction to credit realize they have the opium we don't have....American dollars. "

"President Bush was looking for weapons of mass destruction in Iraq, but all he had to do was take a stroll down Wall Street and open his eyes to see the true Apocalypse. "

"WaMu and Wachovia are highly leveraged with toxic loans. Do your own diligence" ***

Have a good day, won't you all.

Chuck Saletta at Motley Fool has the best take on the Hank'n'Ben" End of the pier World Show. Graph (and much more here)

***Washington Mutual (WM) Wachovia (WB) curiously missing from SEC's list of firms stopped from shorting. Thrown to the Dogs asks Mish ?

For good measure "When will people learn that you can’t legislate (for) honesty?"asks Roger Schlesinger at the TownHall ,"Stop Me If You've Heard This One Before "

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish