California AG Goes Postal On Caruso-Cabrera
After having been invited to appear on CNBC to discuss the litigation launched against State Street for what on the surface at least appears rather damaging allegations (and, in honesty, something that does not come as a surprise to anyone on Wall Street), the California Attorney General is greeted by this intellectual pearl from the woman who alleges bloggers tend to generically fall in the "idiot" camp. Michelle - while the blogosphere can not made any counterclaims yet, it is quite nice of you to open your mouth and do it for us:
"I don't dispute that $56 million is a lot of money, I don't dispute the merits of the suit but you had a big press conference, you're coming on C....N....B....C....[the leader in propaganda worldwideTM], all this surrounding publicity over this $56 million, what do you say to people [or one person in this case] who look at this and say this is a perfect example of the demagoguery that attorney generals [sic] use when they want to run for governor."
The hilarity that ensuses has to be seen to be believed (at 3:20 into the clip). Also, for whatever, reason the recently cancelled Dennis Kneale chimes in.
(9 votes)
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on Tue, 10/20/2009 - 14:06
#104693
That bitch and dk both got schooled.
on Tue, 10/20/2009 - 14:53
#104769
Where do the rest of the customers go to get fair prices?
on Tue, 10/20/2009 - 15:40
#104851
This f*&cking arrogance is getting to levels never seen before, wow, that is why I have switched off CNBC for over 3 months now. I hope they are getting paid well to survive later...
on Tue, 10/20/2009 - 17:34
#105012
CNBC does such a shameful job of covering everything that they make capitalism itself look bad by association.
on Tue, 10/20/2009 - 18:41
#105116
3 months, what took you so long?
on Tue, 10/20/2009 - 16:39
#104930
If Matt T, among others, is correct ... YOU DON'T !
on Mon, 11/02/2009 - 19:58
#117787
Haha!
He-said-"FAIR"!!!
HAHA!
on Tue, 10/20/2009 - 15:32
#104836
I am Governor Jerry Brown
My aura smiles
And never frowns
Soon I will be president
Carter Power will soon go away
I will be Fuhrer one day
I will command all of you
Your kids will meditate in school
Come quietly to the camp
You'd look nice as a drawstring lamp
Don't you worry, it's only a shower
For your clothes here's a pretty flower.
Die on organic poison gas
Serpent's egg's already hatched
You will croak, you little clown
When you mess with President Brown
on Tue, 10/20/2009 - 15:37
#104843
i LOVE your nick man.
on Tue, 10/20/2009 - 18:44
#105117
I am Emperor Ronald Reagan
Born again with fascist cravings
Still, you made me president
By sitting on your ass
Human rights will soon go 'way
I am now your Shah today
Now I command all of you
Now you're going to pray in school
I'll make sure they're Christian too
Yeah, that's it. Just relax.
Have another drink, few more pretzels, little more MSG.
Turn on those Dallas Cowboys on your TV.
Lock your doors. Close your mind.
It's time for the two-minute warning.
Welcome to 1984
Are you ready for the third world war?!?
You too will meet the secret police
They'll draft you and they'll jail your niece
You'll go quietly to boot camp
They'll shoot you dead, make you a man
Don't you worry, it's for a cause
Feeding global corporations' claws
Die on our brand new poison gas
El Salvador or Afghanistan
Making money for President Reagan
Making money for President Reagan
And all the friends of President Reagan
on Wed, 10/21/2009 - 10:25
#105556
AG Brown:
Hickory-Dickory-Dock Caruso-Cabrera can suck my C@#K! Dennis Kneale is gay His show should have been cancelled in May That it lasted so long is a SHOCK!
on Tue, 10/20/2009 - 18:56
#105131
Thx for the blast from the past..Jello for president!
on Tue, 10/20/2009 - 19:08
#105142
You forgot to include the great chorus from the sonng: California Uber Alles California Uber Alles Uber Alles California Uber Alles California
on Tue, 10/20/2009 - 19:08
#105143
You forgot to include the great chorus from the sonng: California Uber Alles California Uber Alles Uber Alles California Uber Alles California
on Wed, 10/21/2009 - 09:52
#105523
I think "You'll work harder with a gun in your back for a bowl of rice a day" may turn out to be Biafra's most prescient lyric
on Tue, 10/20/2009 - 17:30
#105000
..." Fuckin ehh man ! "
RS.
on Tue, 10/20/2009 - 22:53
#105290
Where's yer 20 Oxtobre crash, numbnuts. Yer ferever a Fuckin' ehh man!
Exuberant irrelevance! Putta C front the name, loser.
on Wed, 10/21/2009 - 10:55
#105603
Anon #105290,
Apparently, you cannot read or comprehend English, I did not say that there would be a market crash on the 20th, others predicted it dip-shit.
on Wed, 10/21/2009 - 11:12
#105640
Why is it that the most critical emails always come from anonymous users? Oh, because they have no nuts. Grow a pair and actually attach a profile to your words.
on Tue, 10/20/2009 - 19:17
#105150
This screw up by CNBC is only surpassed by the time that Haines kept interrupting Barnie Frank. Barnie got so pissed off that he basically told Mark Haines to go f**k himself. After Barnie walked away Haines mouthed "Well, sir we really don't need you here". I was ROTFLMAO.
on Tue, 10/20/2009 - 21:51
#105264
By contrast, though, I saw that segment and Barney's Frank deserved that and much more.
on Tue, 10/20/2009 - 14:08
#104697
Yeah, I saw that one live (or delayed) when it happened...fantastic! Can anyone say, "thank you, may I have another, Sir?"...
on Tue, 10/20/2009 - 14:09
#104698
Michelle "I did not say suck it up"
on Tue, 10/20/2009 - 14:11
#104701
at least she has nice tits *sigh*
on Tue, 10/20/2009 - 14:19
#104710
Shame their not brians.... :-)
http://i36.tinypic.com/egpd2b.jpg
on Tue, 10/20/2009 - 14:24
#104722
this is the photo of her which i took when we where vacationing together in Cancun. If you need verification that this photo is genuinely mine, please read the name of the boat in the background. http://project000.typepad.com/photos/uncategorized/2008/07/07/michelle_carusocabrera_bikini.jpg
on Tue, 10/20/2009 - 14:50
#104762
can you say ... market, er ... mammary manipulation?
on Tue, 10/20/2009 - 15:39
#104849
DITZ with TITZ...
on Wed, 10/21/2009 - 02:44
#105360
Who gives five craps about CBB or her falsies. She is shot through with falseness, shallow, arrogant, overpaid, uninformed, sexless and dull....
Anyone who gets off on her surgical jello sacks come on over,
You can "lose it" on my mousepad!
on Tue, 10/20/2009 - 14:57
#104774
Doesn't rain much there!
on Tue, 10/20/2009 - 15:03
#104782
where's the boat ??? ........... oh yeah now i see it
on Tue, 10/20/2009 - 15:04
#104784
what boat ?? oh yeah that boat
on Tue, 10/20/2009 - 15:07
#104787
Oh wow, thanks for that. Goodness me!
Now, what were we talking about again?
on Tue, 10/20/2009 - 15:20
#104812
Was there a boat in the photo? I liked the grip she had on that tall boy! Professional!
on Tue, 10/20/2009 - 15:43
#104855
Is Coors Light even real beer?
on Tue, 10/20/2009 - 15:45
#104858
shes a redneck, i wanted to buy her a Corona, but she said no.
on Tue, 10/20/2009 - 17:24
#104994
CB, she has that smile on her face cuz her left hand is on top of my head.
on Tue, 10/20/2009 - 19:29
#105159
Whats with this redneck shit, I never even looked at her neck, I was concentrating on the tits.
on Tue, 10/20/2009 - 23:02
#105296
After she's made the rounds at senior CNBS management, you don't wanna touch that. Cabruso-Cabrera in spanish means Me Love You Long Time with Lesions. Spanish girls with face time spent lotsa senior management sell time.
The vacation was to help extinguish the self-loathing of the "office time". But still gots a job, YOOO!
on Wed, 10/21/2009 - 18:17
#106288
No stranger to the tall boy grip for sure.
on Tue, 10/20/2009 - 15:33
#104838
Your mysterious grandeur is large enough without fibbing. ;)
on Tue, 10/20/2009 - 15:52
#104880
You're so full of shit. They don't have rocks like that in Cancun. That be Cabo. I know, because I handed her the beer. I won't ever forget that moment.
on Wed, 10/21/2009 - 11:31
#105675
Hell, that ain't Cabo, that's Lake Havasu. She's takin' a piss in the Colorado.
on Tue, 10/20/2009 - 16:55
#104948
Wow... silicon life preservers. That broad will never sink.
on Tue, 10/20/2009 - 19:44
#105169
We need a 10x leveraged ETF securitizing her tits!
on Tue, 10/20/2009 - 22:58
#105293
God gives boobs or brains. Know which she gots. However in her defence a little pilates might tighten up that middle age plump. At this age though, little probability that she can attain any distinguishable knowledge. Just a plaything for the Gods.
The Gods of CNBS, that have also become irrelevant and object of parody.
on Wed, 10/21/2009 - 00:33
#105339
Cheekster,
Thanks for the pic. Brings back old memories of all skin I enjoyed while arresting drunk boaters on that stretch of the Colorado River. Oh the adventures of youth!
on Tue, 10/20/2009 - 14:17
#104711
Unfortunately they are hidden behind the outfit and the over the shoulder boulder holder.
Aka a bra.
on Tue, 10/20/2009 - 14:29
#104730
Recall yesterday when I said that you were misogynistic?
on Tue, 10/20/2009 - 14:36
#104733
dude, learn the meaning of the words you use before you use them.
you just look ridiculous throwing around words you don't know the meaning of.
and how the hell can i be called a misogynist after i complimented her on her tits.
on Tue, 10/20/2009 - 14:43
#104746
CB isn't more or less misogynistic than CNBC.
Why do u think MCC is on CNBC? Her keen mind, witty banter, financial insight, beauty, or none of the above?
She is on prominent CNBC display (usually from the side) in tight t-shirts, for her MCC (s). Nothing more.
And as so richly displayed in the above clip, she should only open her mouth for input, never output!
on Tue, 10/20/2009 - 14:45
#104752
You go girl.
on Tue, 10/20/2009 - 14:51
#104766
MCC is nearly as big of an idiot as Dennis Kneale... and of course she is in part on TV because she is "eye candy" to some... however comments that constantly denegrate women and refer to their "tits" and other comments where SEC and FDIC chair's were referred to as a "bitch" are surely sexist - and seem like they could only come in such volume from either a misogynist or a teenage boy.
on Tue, 10/20/2009 - 15:02
#104780
OK... I am a women in a highly paid professional position... and you know what... the SEC and FDIC chairs are incompetent and should be removed... if you have worked around men for as long as I have that is how they talk from time-to-time... and since this is a site dominated by men and they are bantering with primarily other men then you are going to hear that... so take off your goody-two-shoes... and you will be much more comfortable around here... and if you are not... then move on.
on Tue, 10/20/2009 - 15:07
#104789
(Pun intended)
We men talk like this because of the peterpeter principal. And embarrassingly way too often, that's where our brains are located.
on Tue, 10/20/2009 - 15:08
#104791
You rock!
Well said, MinnesotaNice
And i am with you on CB. Taste in woman like RT, Andy's ect. could be improved (haha) but a very intelligent, eccentric man, whose comments i always read.
@ peterpeter
and of course she is in part on TV because she is "eye candy" to some...
absent the breasts, she is not on TV!
on Tue, 10/20/2009 - 15:33
#104826
Simon Hobbs it is then....
;-)
on Tue, 10/20/2009 - 15:14
#104803
"OK... I am a women..."
there's more than one of you?
on Tue, 10/20/2009 - 15:18
#104810
You obviously haven't spent much time living with a woman to as that question.
We're usually trying to figure out for most of our lives the number of multitudes that are contained in one single female.
on Tue, 10/20/2009 - 15:31
#104827
Oh that is just perfect... the grammar Nazi has arrived... how come your bag continues unchanged... MsCreant and I were really liking the morphing :-)
on Tue, 10/20/2009 - 15:38
#104846
Pics or it didn't happen
on Tue, 10/20/2009 - 15:51
#104877
"OK... I am a women in a highly paid professional position"
no wonder why everything is a disaster. don't you have better things to do if you are so highly paid?
on Tue, 10/20/2009 - 16:46
#104935
Ah, a real woman !
+100
on Tue, 10/20/2009 - 18:36
#105106
I am a "women"????? case closed bimbo.
on Tue, 10/20/2009 - 16:32
#104920
Is it also sexist to call Paulson a dick, dickhead, cock, etc?
on Tue, 10/20/2009 - 17:31
#105001
Yeah right, their tits - as opposed to their wits - are completely unimportant to women, what else is new? Rahmp it up!
on Tue, 10/20/2009 - 17:03
#104958
l like women with brains... so I fawn over Nomi Prins... smart, articulate and correct analysis.
Not the plastic headed Erin's ("You should be thankful China is sending us lead tainted toys..." don't argue, I still have that clip...) and the typical MCC of CNBC meat puppet infamy.
on Tue, 10/20/2009 - 14:47
#104760
I really don't think Cheeky is has a dislike or mistrust of women... in fact just the opposite... he is quite open to intellectual debates with women... and really only treats them with respect. It is however unfortunate that he has the same taste in women on CNBC as Robo... but perhaps that will resolve in time :-)
on Tue, 10/20/2009 - 14:50
#104765
yeah, that is one of my specialized area of having no taste whatsoever ....
and thank you for the compliments ....
on Tue, 10/20/2009 - 15:25
#104823
Must have a little taste as "Porn star" Ms Drury often gets a mention form CB.... :-)
on Tue, 10/20/2009 - 15:28
#104829
Ms Drury is a lady, MCC is a skank.
on Tue, 10/20/2009 - 15:49
#104869
+1
on Tue, 10/20/2009 - 15:58
#104885
Maybe the next ex GE network bag holder will see the light with key demo
outreach and pair Ms Drury with Simon Hobbs on a Prime slot...
MCC(s) will always find a home at Fox.....
on Tue, 10/20/2009 - 16:01
#104889
.... or in a vegas strip joint ....
on Tue, 10/20/2009 - 16:07
#104893
FBN would have the complete tight sweater line up with...
Glick , Claimion & MCC ...:)
Although it would be handbags at five paces between those three,
if they had to share air time....
on Tue, 10/20/2009 - 19:19
#105152
+1
... a giant skank
on Tue, 10/20/2009 - 14:13
#104702
"what ... are you guys pimping for the defendent? You're supposed to tell the truth"
on Tue, 10/20/2009 - 19:55
#105183
that wuz the best part and got lost in the stoopud cummin frem ENwhySEE..
on Tue, 10/20/2009 - 14:13
#104703
Can we do much worse with all the "news" media coming under public ownership so that at least we can vote the asses out?
on Tue, 10/20/2009 - 14:14
#104706
Agenda driven business TV at it's best.
Caruso-Cabrera just proves the scientific fact that if a loose canon is fired off enough times, it eventually blows itself up.
Kneale was an added bonus and should be considered collateral damage.
on Wed, 10/21/2009 - 11:39
#105686
Classic!
on Tue, 10/20/2009 - 14:16
#104708
Loved the interview... love the AG flatly saying to Michelle...
"If you don't want the interview shut if off... it was your idea..."
Michelle should have know better than to take on the AG... she is a twit... and where in the word did DK come from... OMG... what a 'team' to take on the AG.
on Tue, 10/20/2009 - 14:26
#104724
Awe poor tits couldn't make the victim feel bad about standing up for himself despite his evil twisted plot to simply state what the case was. Controlling the interview failure in 3...2..1...
on Tue, 10/20/2009 - 14:16
#104709
heh, google's "I'm feeling lucky" button never seemed so appropriately placed :-)
on Tue, 10/20/2009 - 14:21
#104713
Brown called it: CNBC is pimping for the financial industry. Actually, CNBC is their whore probably fits better. CNBC, Dennis Kneale and Michelle typify all that is wrong with the mainstream media and the financial industry.
on Tue, 10/20/2009 - 16:52
#104943
Perhaps one of the few Honest politicians remaining and PDQ.
on Tue, 10/20/2009 - 19:57
#105186
i'm hoping he runs and cleans up CA, did that after Gipper ratfucked us...
on Tue, 10/20/2009 - 17:07
#104966
Here, here.
on Tue, 10/20/2009 - 14:27
#104714
MCC is an embarrassment to the word of "journalism".
The issue here is that insiders decided to act and present information to the AG over one year ago, which the AG found sufficient to initiate the lawsuit. That matter there is the story, which should have been the focus.
As to the issue of AGs bringing charges to advance careers, that is certainly a part of the matter but it is secondary only to enforcing the rule of law.
I saw Spitzer first hand do this in NY and he brought justice to the table on a number of fronts, including an industry I was involved in. Yep, he ran for Governor, but he got the job done as AG.
Cuomo has been getting the job done as AG as well. Maybe he runs for gov, maybe not, but the lawbreakers are getting caught and that is his current responsibility.
MCC has turned into a wall street apologist and is just another reason why cnbc is not watched or taken seriously anymore.
by the way kneale, that was such chicken shit to try to turn the interview away from the subject matter and turn it into the governor's race as did your counterpoint.
Thanks for taking a couple of lightweights to school on this Jerry.
edit: I found Mr. Brown's statement that other AGs will be taking action shortly of interest and worth following.
"...sometimes you get shown the light in the strangest of places if you look at it right."
on Tue, 10/20/2009 - 14:35
#104735
I'm afraid it is more than one chippie, financial reporting TV is just entertainment. So you have your health right?
on Tue, 10/20/2009 - 22:14
#105274
http://akpdmedia.com/clients/
coumo isnt going to stop at AG
on Tue, 10/20/2009 - 14:22
#104715
Do the banks that own the FED own the Media too?
on Tue, 10/20/2009 - 14:34
#104732
Yup. Or they control advertising.
on Tue, 10/20/2009 - 14:41
#104741
The media has been a willing partner of big business and banks for many centuries. This goes back way before the Fed was formed.
Most people don't understand that the US has had other central banks before the Fed. The Fed was (I think) the 3rd (or 4th, I forget my history) central bank to be formed in the US between independence and 1913.
In fact, a never talked about in public reason the financial elite of the colonies of America sought independence from England was because King George was trying to shove the Bank of England (a central bank) down the throats of the colonists.
This was very disturbing to the gentlemen farmers and early industrialists in the colonies and they decided to stop it before it came ashore.
All the "patriotic simple farmers fighting against the red coats" stuff was at least initially myth making to rally the population against England. The war of independence was poorly subscribed to and not well supported by the average colonist.
The so called shot heard round the world at the North Bridge in Concord MA was turned into very effective propaganda by the "terrorists" er.. "freedom fighters" er...... revolutionaries to rally public opinion. There are numerous other examples.
I'm not saying independence was bad. I am poking fun at how one man's "terrorist" is another mans "revolutionary". And I am saying the so called history of the American revolution found in high school text books contains a lot of propaganda.
on Tue, 10/20/2009 - 14:47
#104757
We didn't even get standardized time (you know GMT) until 1884.
on Tue, 10/20/2009 - 14:53
#104768
this is the 3rd central bank of the US...but I suspect the same people or organizations are behind it, as the last 2...
on Tue, 10/20/2009 - 15:04
#104783
Thanks for the correction.
I believe at least one was still born and never got off the ground with enabling legislation.
Powerful central banks have been a part of history since the 1400's in Europe. The puppet masters in my view.
I care not who makes the laws. Strip me of all my wealth but give me the power to control the currency and I will have it all back in 10 years.
on Tue, 10/20/2009 - 15:12
#104799
Actually, the first central bank was chartered in the Netherlands in 1609, shortly followedby BoE in 1694. It was virtually impossible to have a centralized banking system in the earlier centuries because of the fragmented political landscape that was in Europe. The trend of forming central banks correlates with the trend of unification of the political landscape, a program which began in the second part of the 18th century and gained its full strength in the 19th. Also, there were some obstacles in the 20th regarding the question of colonies. It was only after the WW1 that the full global potential of forming a system of centralized banking was put into action. The first global giga-bank was BIS and BIS is a direct product of consolidated European political landscape which emerged after the question of colonies was solved with the ending of WW1.
on Tue, 10/20/2009 - 15:20
#104813
Sounds like a chicken or the egg conundrum...which came first, a centralized politcal landscape or a centralized banking system...either was it seems they are working hand in hand.
on Tue, 10/20/2009 - 17:15
#104982
Cheeky,
I agree that it wasn't until 1600 that there were formal central banks created by law. But before that central banks were more like powerful and wealthy families who acted in concert to lend money and control the supply of gold and currencies.
It have actually seen it described as similar to the mafia in organization and power. My understanding was it (they) went legit to gain respectability and even more power.
However, I have noticed a wide range of views depending which book I'm reading on the subject and since I've never looked at any original documents or research, your facts are the standard here.
on Tue, 10/20/2009 - 17:26
#104996
true, the system was not centralized, but it was nevertheless concentrated in the hands of the rulers. And i think that you are referring to the concept of a mint, which had the role which central bans have now, but for a smaller political structure and with far more simple policies. It was able, and allowed to coin money and distribute it to various purposes the king or the tsar found useful. You can see the direct implementation of the mint concept in a concentrated political structure by observing monetary practices in the Roman Republic and the Roman Empire.
Neither of us was wrong in our assessments, we just took different criteria and points of view.
on Tue, 10/20/2009 - 18:57
#105132
My first bet for a prototype of the central bank was a Medici from Venice. However you might be right, since the Holland was of co-inventors of capitalism and modern trade.
on Tue, 10/20/2009 - 15:16
#104807
"Give me control of a nation's money
and I care not who makes the laws."
Mayer Rothschild...
What did he mean by this? Maybe if he had control of a nations currency he could pay off enough people who were making the laws...
on Tue, 10/20/2009 - 15:49
#104872
He meant that their hearts and minds would follow.
on Tue, 10/20/2009 - 18:26
#105098
Ready for "the shot heard round the world" part 2.
on Tue, 10/20/2009 - 23:09
#105298
Wasn't the reason the British adopted the "Red Coat" in order to flatter the Bank of England? AKA Rothschild, "redcoat" in the diaspora since Rome's demise?
After all the fuss about Minutemen, the real victor is ever, and always, the patient banker, the planner, and plotter of disenfranchised holy man. The shaver of silver, the filer of gold coin, the buyer of discounted note, and difiler of liberty--Banker Man.
Despise in the 30's and 40's but renewed in arrogance due to adoption in a New World.
We reap what we sew, or when we nurse a serpent in our breast.
on Wed, 10/21/2009 - 11:44
#105693
Thank you
on Tue, 10/20/2009 - 14:22
#104719
Wow. To have someone on your show then call them out for being on your show. Just wow.
I enjoyed when she finally was reduced to just giving a blank look at the screen, mouth slightly agape.
on Tue, 10/20/2009 - 14:29
#104727
"blank look...mouth slightly agape"...visions dancing in my head(s)
on Tue, 10/20/2009 - 14:26
#104723
the pimping sentence is pure gold.
on Tue, 10/20/2009 - 23:12
#105305
Brown should know a cheap mark when 'e sees 'er. Oakland after all. Wanted to put as much space as possible between the what what, yah know.
on Tue, 10/20/2009 - 14:29
#104728
Wow, poor bastard Jerry is getting old ungraciously. Dip shit small potatoes lawsuit.
Remember when Hillary Clinton read the wall street journal and made 100k on cow futures or something, I don't mess with the CME etc. but in those days (and now?) no trade was for a specific account - divvie them up later in the day. Why get so technical, it is only money, you have your health!
on Tue, 10/20/2009 - 16:58
#104951
Come on. Don't you think he's gonna get some cover from other AGs ??????
For sure MA, CT and NY. Jerry ain't stupid !
on Tue, 10/20/2009 - 14:35
#104734
WTF is DK talking about when he asked if the whistleblower is a law firm. Is that something he just pulled out of his ass?
I am dead set against violence against women. That being said, I'd like to smack that smug-vogue-pose off MCC's face.
on Tue, 10/20/2009 - 14:42
#104748
All is well, God is in his heaven he will deal with her.
Doubt it was a law firm, California would never go with a schlock law firm that thought 56 mill was worth reporting
on Tue, 10/20/2009 - 14:53
#104770
You are correct that the act of slapping a woman with one's hand is a violent, unsettling act. As you would like to physically remove the smug look from MCC's face, I believe it would be far more appropriate to fadunk her instead (look it up, if you dare).
And on a more serious note, I think DK did touch on a very important point. The business plan for most Wall Street entities involves giving one's clients a worse price than is available on open exchanges. Its just maddening that he finds this practice not only defensable but admirable even if it explicitly violates terms of a contract and steals from the US of A he claims to love so much.
on Tue, 10/20/2009 - 15:09
#104793
What the hell are California pension plans doing buying foreign exchange; buy American. I can't wait to fadunk someone, they'd have to be pretty short though.
on Tue, 10/20/2009 - 21:04
#105238
Likely currency/FX hedging...nothing sinister.
If they owned all US$ assets, itza shitty asset allocation model
on Tue, 10/20/2009 - 17:14
#104981
Steak,
english is my second language and I did not find "fadunk" inany dictionary I know of.
m-w.com, dict.leo.org, wikipedia.org all do not know the word.
Do you have a synonym or explanation?
on Tue, 10/20/2009 - 17:17
#104984
Try www.urbandictionary.com , but only if you are not easily offended :-P
on Wed, 10/21/2009 - 06:26
#105396
Thank you Steak.
That dictionary explains what the other ones are missing.
on Tue, 10/20/2009 - 17:38
#105025
Ah yes, fadunking would be most appropriate for her. Unfortunately, her face and nose remind me so much of Gerard Depardieu in Cyrano de Bergerac, that I wouldn't be able muster enough "umph" to smack her.
On the other note DK is absolutely a pathetic insect trying to defend a position equivalent to the old days when people phoned their orders in only to learn the next day in the newspaper that they were filled at the high for the day.
on Tue, 10/20/2009 - 16:20
#104910
What Brown should have asked is, "By your question, are you inferring that I am bringing this case only because of political ambitions?"
Then he should have remained silent while she tried to explain her line of questioning.
on Tue, 10/20/2009 - 14:35
#104736
When did CNBS turn into Comedy Central?
on Tue, 10/20/2009 - 14:35
#104737
I would be rather embarrassed if one of my employees managed that gaffe on air.
on Tue, 10/20/2009 - 15:55
#104884
GE have already come to the same conclusion about embarrassment.....
Hence the Network offload to a greater fool.....
on Tue, 10/20/2009 - 14:37
#104738
I'm sorry but she's a clueless bimbo who should probably be in rehab instead of proving her ignorance daily on that pathetic lunchtime show. MCC and Dennis Kneels- what a pathetic lineup for Immelt to insult the world with (a very small world these days... my viewing of CNBC consists of watching these catches in the blogosphere, and it sounds like I'm not alone).
Jeff, resign and do something productive... you don't know schitt about playing boy CEO if that's the best you can offer.
on Tue, 10/20/2009 - 14:39
#104740
What's he talkin' about? Pimpin' ain't easy.
on Tue, 10/20/2009 - 14:44
#104750
Some pimps have to hump each in their stable everyday!
on Tue, 10/20/2009 - 19:27
#105158
CW - It's not just an adventure, it's a job.
on Tue, 10/20/2009 - 21:45
#105260
If a ho don't have no instruction, she's gonna be headed for self-destruction, nam sayin?
And I seriously can't believe the whole American Pimp is on YouTube.
on Tue, 10/20/2009 - 14:40
#104742
If this were like most FX "corporate" trade bookings, the state would have no leg to stand on. But the AG made note of some "arrangement" with more specifics that required State Street to book at the interbank rate that offset that trade. If that is so, that's where the story lies - that contract of specifics with regard to FX transactions done on their behalf!
on Tue, 10/20/2009 - 14:42
#104747
this is just another prime example of how CNBC is just a garbage network.
laughing and mocking the man like little children.
what a bunch of fools
on Tue, 10/20/2009 - 14:46
#104755
Beeker and CC are obviously complete clowns and shills for the banking cartel. But do we know that Brown isn't a clown (he once was) and using this for merely political purposes. That doesn't mean it's not the right thing to do but career politicians are always desperate to get back in the limelight...
on Tue, 10/20/2009 - 14:46
#104756
Can't blame MCC or DK. The producers talking in their ears thought they could get their talking heads to dis the AG and start him stumbling and bumbling. The AG knows that and that's why he made the comment about the Eastern Financial Media Elite. CNBC/GE.
on Tue, 10/20/2009 - 14:59
#104777
Please don't tell me it's voices in their heads that make them do the things they do. Many others on CNBC seem to handle it so much better.
MCC, DK and others seem to constantly remind us of that old saying. It's better for people to think you're stupid than to open your mouth and remove all doubt.
on Tue, 10/20/2009 - 17:37
#105018
Catch the reply to your earlier questions?
on Tue, 10/20/2009 - 15:15
#104805
That's where I was headed watching this. MCC and DK don't have original thoughts, so there must have been some little confab about how to get some spin for this story - someone decided Jerry might show up unarmed to this little, poorly scripted ambush and boy it was like walking into a hornest's nest. From the second they started Jerry was firing full metal jackets and all MCC and DK could do was vainly sputter back non-sequiturs and meek and ineffective comebacks. As amusing as this was, it was clearlyevidence of a pre-meditated plan to spin the State Street story to help out the bank, and if successful perhaps discourage other like minded AGs. I even swear I saw the shadow of a sucker covered tentacle in the back of the set.
Remind MCC and DK that the publicizing punishment also serves as a deterrent. But don't use any big words. Please bring on the publicity seeking AGs for God's sake. That is the whole point.
on Tue, 10/20/2009 - 15:19
#104811
I believe State AGs are becoming increasingly tuned into the fact that they are the lead agents in protecting the rule of law. I sure as hell don't see a lot of action coming out of the Feds.
on Tue, 10/20/2009 - 16:03
#104891
+1
on Tue, 10/20/2009 - 17:26
#104997
+1
As cliche as it is, absolute power corrupts absolutely...the power and strength of this country comes from the individual states, not the federal government (ex. how many brigades could we field abroad without the respective National Guards?). It upsets me to no end that "states rights" is synonymous with racism in most yankee circles, since we are seeing as you note the power and wisdom of the 10th Amendment. I say let the federal government rot on the vine and have power dissolve back to the states.
on Tue, 10/20/2009 - 17:34
#105011
DH - I hope as well even though my experiences lead me to believe differently. This could be an instance when things turn out differently.
Thanks for injecting the shot of optimism into this old cynic.
on Tue, 10/20/2009 - 14:54
#104771
Look lady, your not the first nor last person to call me an idiot, however, I resent the notion that I live in a camp.
on Tue, 10/20/2009 - 15:00
#104778
Caruso-Cabrera is all that CNBC has.Without her and her two little brains, CNBC ratings would be down 50%.
on Tue, 10/20/2009 - 15:28
#104825
I think thay actually are down almost 50%
FoxBusiness beats CNBC
on Tue, 10/20/2009 - 21:17
#105016
Speaks volumes about those that do watch. This is a point where we diverge CB
Although, if Comcast does buy NBC then MCC could always to the talk ups at the "on demand" feed.
on Tue, 10/20/2009 - 15:01
#104779
Gosh...I thought CNBC was fair & balanced reporting @ its finest...especially on GE. Come to think of it, I think we should all blame GE for the drivel that comes out of its' own network. Let's get that financial expert Ivana on tomorrow to see what she thinks of the AG.
on Tue, 10/20/2009 - 15:02
#104781
"...the demagoguery that attorney generals use when they want to run for governor"?
Sounds like she misread the crib notes hidden in her cleavage.
on Tue, 10/20/2009 - 15:08
#104790
do do heads
on Tue, 10/20/2009 - 15:08
#104792
Potentially interesting PBS special tonight "The Warning"
http://www.pbs.org/wgbh/pages/frontline/warning/?utm_campaign=Warning&ut...
Never heard of this lady but apparently she was the Elizabeth Warren of the 90s
In the devastating aftermath of the economic meltdown, FRONTLINE sifts through the ashes for clues about why it happened and examines critical moments when it might have gone much differently. Looking back into the 1990s, veteran FRONTLINE producer/director Michael Kirk (Inside the Meltdown, Breaking the Bank) discovers early warnings of the crash, reveals an intense battle among high-ranking members of the Clinton administration and uncovers a concerted effort not to regulate the emerging, highly-complex and lucrative derivatives markets that would become the ticking time bomb within the American economy.
on Tue, 10/20/2009 - 17:18
#104987
If you would like to see her testimony on hedge funds and derivatives in 98, over 2hrs it's still on cspan:
http://www.c-spanvideo.org/program/114751-1
on Tue, 10/20/2009 - 17:32
#105006
Isn't new media great! We can dig up and post all sorts of interesting tidbits.
Thanks for this one Ruth.
on Tue, 10/20/2009 - 17:32
#105007
Yes. I am looking forward to this. I'll record it. Cannot interrupt watching the Angels kick the living shit out of the Yankees.
I hope old Bubba gets featured prominently for Glass-Steagall and the Commodity Futures Modernization Act 2000 he signed on the way out the door. CFMA birthed the Enron electricity futures corner in 2001, derivatives trading like oat futures and the good old oil speculative bubble of 2008.
Lots of goo needs to be sticking to Bubba .....not Monica's dress.
on Wed, 10/21/2009 - 03:42
#105368
Ahh Rainboi, looks like the Angels really kicked the Yankees...lol...oh yeah 10-1 bitch. The Angels are a pathetic excuse for a baseball team. As for Glass-Steagall getting repealed, it was a big mistake indeed but don't blame Bubba because 90 out of 100 Senators voted to repeal it and that was veto proof anyway.
on Tue, 10/20/2009 - 15:10
#104795
What a low life that MCC is with that smirk on her face thinking in her small world that she is something when she is a truly pathetic bitch.
I thanked god again I stopped watching that network a long ago when I saw those two lowlifes' faces.
on Tue, 10/20/2009 - 15:11
#104797
Can douche bag and the "C" word be used in the same sentence? And I don't even like her tits anymore. They probably hang like tennis balls at the end of wet tube socks, anyway.
on Tue, 10/20/2009 - 15:12
#104798
Another attempt at attacking the messenger, he looks a bit old to even insinuate he may be motivated to run for governor - another reason to lead with the message so that they can't divert attention to the messenger. Perhaps the message is that they are so cynical because they follow wall street where many are crooked and only talking their book.
When they go home tonight, their dogs should kick their owners (DK, MC), truly embarassing.
on Tue, 10/20/2009 - 15:12
#104800
When was the last time California paid for an ad on CNBC? CNBC works for its advertising clients: the establishment financial institutions. Period. That's why we get no journalism and why we need Zerohedge and other bloggers.
The California case is a good one; they got screwed on the FX and will prove it in court. Of course, the deeper issue is why they gave so much PE and hedge money out in "pay to play" arrangements. We will never get to the bottom of that. MCC should have asked about the status of that investigation.
Spanishmoon
on Tue, 10/20/2009 - 18:40
#105112
I'm pretty sure I've seen Ahhnold and Marie pushing California as a place to visit or work on CNBC recently.
on Tue, 10/20/2009 - 15:13
#104801
The strongest part of caruso and carbera's argument is out of frame...
on Tue, 10/20/2009 - 15:16
#104808
Read a review of a new Clinton biography, that says he slept through a lot of meetings, at least with his biographer.
on Tue, 10/20/2009 - 15:16
#104809
Dennis Kneale "We as journalists......" LOL
Journalists! Dennis you aren't a journalist. You are a TV personality and a lousy one at that. Keep shilling for the banksters, at least they pay you.
on Tue, 10/20/2009 - 15:24
#104822
that was funny...lol
on Tue, 10/20/2009 - 15:23
#104818
I think she said "I will suck it up for 56 mil". Considering the high unemployment rate nowadays,she has to be very faithful to her bosses,otherwise,the only openings for her in this enviroment is probably the porno industry(the next growth industry from cnbc perspective). Now that she has alienated the ag of CA,she better be careful since he might ban her from ca in case she needs to fill one of these openings............
on Tue, 10/20/2009 - 15:24
#104821
CNBS anchors don't know anything better than sitting in front of the camera and talking about things they don't understand. It is ridiculous that they ridicule a person who is doing his job. It doesn't matter if he is running for Governor or not. What kind of education or civility these anchors have? I feel lucky that I don't watch this media BS. Those who watch it are stupid people.
on Tue, 10/20/2009 - 15:30
#104832
HAHAHA love MCC
on Tue, 10/20/2009 - 15:31
#104834
Why don't we put some talking robots with audio feeds instead of these talking heads. They will be cheaper (cost cutting!) for GE. The jobless rate will rise a little but who cares.
on Tue, 10/20/2009 - 15:32
#104835
If I ever saw Dennis I would just punch him in his man tits. I hate that guy. dork.
on Tue, 10/20/2009 - 15:33
#104839
Wow, I hate DK. He is an assclown.
on Tue, 10/20/2009 - 15:35
#104841
Yeah, Dennis cannot claim to be a journalist. He is a complete shill.
He makes me ill.
on Tue, 10/20/2009 - 15:37
#104844
Plague on both their houses!!
on Tue, 10/20/2009 - 15:38
#104847
I had a brief conversation with a visitor from NYC this weekend that went like this, " What has GS done wrong? All they are doing is making money. What is wrong with that?" The conversation ended there. These asses on CNBS just showed their whole deck. they are puppets for the Wall St. pigs and their attack of a decent action on the part of the AG against SSG was in poor taste.
As for MCC's twins - they appear to be about 600cc in size.
on Tue, 10/20/2009 - 15:39
#104850
don't allege....prove...prove the conflict of interest....prove the manipulation and then prosecute to the fullest extent possible and clawback with penalties....send a god damn message for once!
By the way AG Brown...CNBC BREACHES THE VIEWERS TRUST ALL THE TIME!
on Tue, 10/20/2009 - 15:43
#104854
Ms. Caruso-Cabrera(s), I must once again express my deepest apologies for yet another reprehensible display by the indigenous, knuckle-dragging, male chauvinist pigs at ZH. You must understand that the internet is a breeding ground for such cretins. Hopefully, you will construe the crude remarks of my slobbering brethren to be something of a (rather primitive) compliment.
Now, if you all will excuse me, I shall return to surfing porn.
on Tue, 10/20/2009 - 17:37
#105019
Stay thirsty my friend !
on Tue, 10/20/2009 - 15:47
#104862
Looks like Jerry is having too much fun to even want to be Gov of California again. This is right up his alley.
on Tue, 10/20/2009 - 17:09
#104971
He would definately do less harm out, and may even do some good... You never know.
on Tue, 10/20/2009 - 17:39
#105028
Unfortunately, he's raised a lot less $ than Gavin Newsom (Getty-Siebel) and Meg. 8-(
on Tue, 10/20/2009 - 15:50
#104873
I watched that worthless video in hopes of catching a glimpse of M C-C's funbags (it's relevant....it's why she has the job) and not only do I not get them, I get that fucker Beaker? I thought they fired his ass.
WTF?
on Tue, 10/20/2009 - 15:50
#104874
Dear Michelle and Dennis,
I look forward to seeing you on an upcoming reality show in the next year or two. You two have FLAMEOUT written all over your smug faces. As a subscriber to Comcast I'm sure I'll have front row seats to your shitcanning once they close the deal.
Not to worry, I guarantee that Mark Burnett will stir you with a $250K payday (a'la Spencer & Heidi) from your Vicodin and Midori induced haze resulting from the humiliating realization that nobody but you wants to hear anything you have to say.
Regards,
TraderVix
on Tue, 10/20/2009 - 17:07
#104964
Oorriblah!
on Tue, 10/20/2009 - 15:50
#104875
The point is that state pension plans all across the country have been getting screwed by illegal activity on Wallstreet. These pensions are in serious trouble and the result will be lawsuits from all over the country and the States will win substantial sums of money in civil suits and penalties. Criminal charges will follow.
Wallstreet is broken and requires massive reform if they are to continue as an intermediary in our economy.
Trust has been lost.
on Tue, 10/20/2009 - 15:52
#104879
years ago, Merrill lynch would do the same exact thing in my 401K account. let's say I placed an order to buy "X" with a market order at 10 am when X was trading at $40.00. I'd get my statement to find out that my order was filled at $40.53. Guess what? That just happened to be the high of the day and vice-versa when selling. Took a few orders (I wasn't a trader then) before I caught on to what they were doing. They got caught, prosecuted and paid a $200M fine as I recall.
Frickin' fraudsters. The whole lot of them.
on Tue, 10/20/2009 - 18:15
#105083
They got me too...same way. Now I get a notice that I am plaintiff in a class action suit against Merrill.....for which I expect to see exactly ZERO.
on Tue, 10/20/2009 - 15:54
#104881
This is going to be a very big story in MHO. The main gripe many of the commenters on this blog have against the giant squid vampire is that they almost always trade as principal against client's orders even when they think they are acting as agent. If STT has been doing the same on all of the currency trades for their custodian book we will see some major fireworks. That major anchors of CNBC do not know the difference between acting as principal and agent speaks volumes about the network.
on Wed, 10/21/2009 - 00:34
#105340
I agree that this could really snowball, once they start deposing, getting emails, then it spreads, and public sentiment is on the AGs side. If State Street could be so brazen to actually actively hide, cover up the time stamps and do it for soemthing very specifically dis-allowed in their contract for CA
on Tue, 10/20/2009 - 15:54
#104883
P.S. Michelle, You sure do have a purty mouth when its all agape and whatnot.
on Tue, 10/20/2009 - 16:09
#104897
Off topic but since many Yanks on this board i thought you could assist me with this confusing matter.
Is there some new appetite for books, in the U.S.?
Because last i checked, nobody in the U.S. reads books (present company excepted). So why is every corporate entity, introducing some sort of e-reader.
Further, why are Amazon, Walmart and Target engaged in price war over books?
Since when were books the next big thing?
on Tue, 10/20/2009 - 16:20
#104907
Its another "must have" electronic device....
The punters wont realize its for reading until after they've been spun into
buying one..... :-)
on Tue, 10/20/2009 - 18:21
#105092
One cannot read paper books, twitter bullshit and blogs at the same time.
on Tue, 10/20/2009 - 16:36
#104928
i'm so glad that you said this lizzy...my broker (very smart, great guy and honest/ethical to boot) had this discussion. most americans cannot read and don't. i can't cite percentages, studies, etc but it is a small fraction.
i love the p/e on amzn (don't follow it closely so i'm not totally familiar with the granular). have no idea why walmart and tarjay have picked this battle.
on Tue, 10/20/2009 - 16:43
#104933
Everyone I know reads all the time. Perhaps you're buying into one of the many many stereotypes that non-yanks endlessly repeat to themselves to feel better about their impotent and irrelevant old world countries.
on Tue, 10/20/2009 - 17:08
#104969
didn't realize canada counted as old world.
i learn something new here everyday.
on Tue, 10/20/2009 - 17:12
#104976
Sorry, just impotent and irrelevant, I guess.
on Tue, 10/20/2009 - 17:53
#105043
oddly, i am fine with that.
i will keep my irrelevant oil,water, and potash.
you can keep your banks, national debt and deficit. which i am going to bet will render you impotent way before me.
on Tue, 10/20/2009 - 19:20
#105153
The US ain't hurting for natural resources. We just buy them from others because we're rich.
And unfortunately for you, our money problems are yours as well. Our countries have a shark/remora relationship. Guess which one is the shark....
on Tue, 10/20/2009 - 19:32
#105161
I suppose the old toothless shark might catch an occasional otter. I seriously doubt that the shark could do anything with it tho... The simple fact remains that there are many more willing potential trading partners for Canada than there are for the US in future years.
on Wed, 10/21/2009 - 04:05
#105373
So you do buy the whole other crap from China et all as well, and on top of that with a deteriorating currency at best.
Please tell me when did "you" the last time sell anything of value to foreign trading partners?
Lets see who has the final laugh!
on Tue, 10/20/2009 - 17:33
#105008
As a native of the fine southern states of the USA (birthplace of bass music and fried chicken), I take offense to calling us all "yanks". The term yankee is reserved for the rude and uncultured folk of the northern states :-)
on Tue, 10/20/2009 - 18:41
#105115
Of the pre 1865 admit date.....