Thread: nasa1974's Account Talk

Originally Posted by nasa1974

Additionally, because the investment manager’s liquidity pool had been depleted on August 16, $452 million of that trade settled on August 21 instead of August 17. That cost the G Fund $235,000 in foregone interest."

Here is the link: http://www.frtib.gov/pdf/FOIA/TSP-Re...l_2008May1.pdf

THAT is the reason for the IFT limits. Further reading on the TSP site shows that Barclays is required to maintain liquidity to cover shareholders activities, however, the pool was heavily invested in BSC hedge funds that failed in June. That is NOT maintaining liquidity, that's speculating, and it's also a contract violation. Barclays was most likely counting on the contributions and Fed rate cuts to make up the difference; when it didn't happen and they had to take the big writedown instead, then there was that big I Fund spike in October-November 2007, they screamed at FRTIB to DO SOMETHING!! Of course I can't prove that's exactly what happened, but something of that order certainly did.

L2R, Makes you wonder what is really going on with Barclays??? In 2006 they have over a trillion dollars and get the TSP contract renewed, they have a hard time covering trading in mid to late 2007 and in 2008 they ask for billions to stay afloat. What is also interesting is the attachments in the FRTIB July 2008 minutes.


May the force be with us.

Whoa...I must be reading that wrong Nasa. ..Is it saying that because they depleted their liquidity pool, that TSP'ers are paying for their mistake by not receiving our due interest on the G Fund? Tell me it isn't so...Better yet, if it is call the IG..better yet, the Washington Post...

FS

Originally Posted by FogSailing

Whoa...I must be reading that wrong Nasa. ..Is it saying that because they depleted their liquidity pool, that TSP'ers are paying for their mistake by not receiving our due interest on the G Fund? Tell me it isn't so...Better yet, if it is call the IG..better yet, the Washington Post...

FS

no no...because they depleted the liquidity pool they figured out how to do a smoke and mirrors act making it look like I/G round trip IFTs was the problem...and got FRTIB to limit IFTs. This isn't about interest on the G fund. Treasury hits that one up all the time.

L2R, Here is the link to the boards meeting minutes. http://www.frtib.gov/FOIA/minutes.html I have just started to read them. This will take some time. Anyway, the attachments in the July 2008 minutes does shed some light on Barclays. I haven't had time to really try to digest all the numbers.
The other thing ( I have brought this up before) We had years of the opportunity to trade daily. The FRTIB did nothing so it must have been working fine for those years. Now late 2007 there is some large trading, Barclays has a liquidity problem and BANG it is the daily trading that is causing the problems. The minority that had taken advantage of this are used as the scapegoats and now we are restricted to 2 IFT's a month. Now we are being told that the FRTIB did us a favor giving us 2 when everybody else out there have more restrictions on trading. WOW! We should be thanking them.


May the force be with us.

Can we thank them by replacing each and every one of them...I can't wait for the opportunity...as far as I'm concerned their actions were a major abuse of truth..spinning a story to protect themselves by blaming others..Come on KARMA...

FS

If you want them replaced better hope GOP gets tossed out. They're appointed, not elected.

NASA I'll take another look at the minutes. I've seen all the data before but it never hurts to see what else can be gleaned.

And James is working on the data. I knew he had posted something weeks ago but couldn't find it...be patient young grasshopper the master shall reveal the truth...

Originally Posted by James48843

Costs have skyrocketed through the roof.

I posted some data in another thread, somewhere, but will have to look for it to see where I put it.

Two months they were much, much higher, and the third month it was down a bit. I'll have to go look through the minutes, compile all the data, and give a report. I was waiting until we had a few months worth of data- to compare month-over-month- to show exactly how costs have increased because of their limits.

Its on my to-do list- perhaps over labor day weekend.

Originally Posted by James48843

Yes- costs have skyrocketed since the limits kicked in.

I have to put together some charts from the data in the minutes. Perhaps I can get to it over Labor Day weekend....

Throw them out!!!

Wow!! What a month. Talk about luck!! Tracker #26 1.21% since 7/3. Mostly luck and guts, not skill. Let's hope September treats us better than August. Would like to see 3-4% profit for the year.


May the force be with us.

Originally Posted by nasa1974

Wow!! What a month. Talk about luck!! Tracker #26 1.21% since 7/3. Mostly luck and guts, not skill. Let's hope September treats us better than August. Would like to see 3-4% profit for the year. May the force be with us.

Don't "Short Sell" yourself ! +1.21% MTD wasn't easy to achieve when you
look at all the wrong decisions you could have made ! You have 4 months
before your YTD goal comes to an end. Even if you put all your money in
the (G) Fund until December 31st, 2008 - You'd gain approximately 1.3%
more then what you have now. That would give you about a +2.51% ytd.
Something tells me you won't be happy doing that and you'll end up in with
better returns as a result.

Originally Posted by squalebear

Don't "Short Sell" yourself ! +1.21% MTD wasn't easy to achieve when you
look at all the wrong decisions you could have made ! You have 4 months
before your YTD goal comes to an end. Even if you put all your money in
the (G) Fund until December 31st, 2008 - You'd gain approximately 1.3%
more then what you have now. That would give you about a +2.51% ytd.
Something tells me you won't be happy doing that and you'll end up in with
better returns as a result.

Master, Darth-Bear is grateful for your wisdom and guidance.

May the force be with us.