Some More Observations On The Goldman Squidweb
Submitted by Tyler Durden on 07/16/2009 - 18:04Compliments of Muckety.
Glenn Beck Explains The Goldman Web
Submitted by Tyler Durden on 07/16/2009 - 17:25Spider-squid, spider-squid, does whatever a spider-squid does.
DMCA Thursdays
Submitted by Marla Singer on 07/16/2009 - 17:00Six takedown notices. Stop. Cause for celebration. Stop. Radio Zero to provide. Stop. 7:00 eastern. Stop. URL 15 minutes prior. Stop.
Chat up the DJ: here. Stop.
Find the feed here. End.
Roubini: "My Views Were Taken Out Of Context."
Submitted by Tyler Durden on 07/16/2009 - 16:25Does CNBC now have to pay back all those who bought stock after being pounded by this misquote over and over as an epilepsy inducing Breaking News box? That, of course, assumes the powers that be will allow the market to move down even 1 point from the most recent artificially high level.
Market Preparing For Some Crazy Action
Submitted by Tyler Durden on 07/16/2009 - 15:40
SPY Out Of The Money Vol spiking relative to At The Money. Two days ahead of OPEX, market is gearing for some fireworks.
Max Keiser: "Goldman Sachs Are Scum"
Submitted by Tyler Durden on 07/16/2009 - 14:41"They are literally stealing a hundred million dollars a day. Goldman Sachs is stealing every day on the floor of the exchange. They should be in the Hague, they should be taken on financial terrorism charges. They should all be thrown in jail"
Well, at least one person says what he thinks.
Mark It Zero!
Submitted by Marla Singer on 07/16/2009 - 13:26As if on cue, Blogger informed Zero Hedge today that it had received six takedown notices. Six.
The Collapse Of Liquidity Provisioning Since The Goldman SLP Coup
Submitted by Tyler Durden on 07/16/2009 - 11:32
The HFRXEMN plotted since the time that Goldman Sachs barged on the liquidity provisioning scene with their SLP cover for PT domination. Maybe the NASDAQ should take a look at this and come up with some follow up complaints about what a scam the NYSE's program to gift 5 millisecond latency packet sniffing to 85 Broad truly is.
"United Scholars For The Fed" - Petition Signatories Update
Submitted by Tyler Durden on 07/16/2009 - 11:19Update on the petition of "scholars" who believe the Fed's status quo is the only way to maintain their tenure. The full list for your convenience. Alas, Ben Dover from DeVry is nowhere to be found in the list. Also, #29 is not all that surprising. #33 and #215 were, of course, to be expected.
A Case Study Of Toxic Commercial Real Estate Marketed By A Major Investment Bank
Submitted by Tyler Durden on 07/16/2009 - 10:54Many readers have queried how it is that investors could be so stupid to invest capital, either secured, mezzanine or heaven forbid, equity, in commercial real estate properties over the past several months. Zero Hedge would like to present some of the key pages from an investment solicitation book prepared by a major investment bank, which delineates just how it was that some of these very firms that now report massive profits, effectively took a complete piece of excrement and repackaged it as something that investors may actually generate returns on.
The Paulson Hearing Webcast
Submitted by Tyler Durden on 07/16/2009 - 09:04Spare yourself the commercial interruptions (and an artificially
inflated Nielsen score for you know who): here is the live webcast of
the Paulson hearing:
http://boss.streamos.com/wmedia-live/groc/16423/200_groc-110oversighthearings_070129.asx
The CNBC Business Model
Submitted by Tyler Durden on 07/16/2009 - 08:54Whit the recent elimination of anything even remotely approaching journalistic rigor or analysis, and its substitution with endless propaganda and the pitching of "hope" as an investment conduit, many have been scratching their heads over the question of just how it is that CNBC is still on the air, let alone make money: after all selling hope is a very expensive process.
I provide the answer.
Nortel Workers Threaten To Blow Up Factory Unless They Get Decent Layoffs
Submitted by Tyler Durden on 07/16/2009 - 08:20
Liquidating Nortel has more troubles to add to its plate. Not only is the Canadian firm seeing a major push back to its liquidation plans by recently notorious private equity firm MatlinPatterson, which refuses to go gently into that good night and write off its $400 million investment in the failed telecom maker, but now it has to deal with its own employees who have threatened to blow up a French plant unless they get preferential layoff terms. The Globe and Mail reports that "workers had placed gas cylinders in front of the plant in the Yvelines
area near Paris, where 480 jobs are set to be axed following bankruptcy
proceedings."
Simmons Fails To Make Coupon Payment
Submitted by Tyler Durden on 07/16/2009 - 08:04Troubled mattress maker Simmons announced that it did not make it scheduled July 15th bond payment of $7.9 million. The company's bondholders who are hoping for some hail mary bailout as millions of unemployed people upgrade from a hard floor to a memory foam king size are due for a big surprise, even with the extended forbearance they have granted the company. One can hope that the "certain conditions" to be met by July 31 include a clause of 100% equity conversion as that is the only return hopeful investors may hope to extract from the company.
