Can You Spell U-N-D-E-R-R-E-S-E-R-V-E-D? If Not, Here Is A Visualization Aid

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sausagemaker's picture

Looks good to me. Nothing to see here. Move along... Oh look! an iPad!

septicshock's picture

iPad bitchez. I'm actually typing this on mine.

I wonder how Tyler feels knowing I visit his site a hundred times a day on an iPad...

Agent P's picture

100 times a day???  An iPad???

You must be unemployed and at least 90 days delinquent on your mortgage.

Horatio Beanblower's picture

Every time you visit, please click on an ad.

Bob's picture

That would make Harry Reams blush!

lewy14's picture

You know, in my twenty five years online, I have never - ever - seen a use of all-caps which I deemed effective and appropriate.

Until you showed up.

The avatar makes it work.

HarryWanger's picture

Hope you didn't pay full price. You can get them below retail on ebay. Or used ones by those who bought the hype then figured out they have a fairly useless toy.

Bananamerican's picture

I had one for a week and flipped it to Ebay.

It's an ergonomic monster....a la Quasimodo

Sausagemaker's picture

Hey is that one of the Kardashians?

themosmitsos's picture

Alot of people here with a lot of funny/stupid/goofy nicknames, but your's' made me LOL :) thx

tecno242's picture

red rocket red rocket.

MarketTruth's picture

It makes me think someone needs to send BoA either an:

Insufficient Funds Notice

-- or --

Bounced Check Fee
(wonder what the fee would be on bouncing such a check?)

101 years and counting's picture

You mean, the mark to myth accounting isn't working?  Hmmmmm...

So, we can expect the same news from such firms as JPM, WFC, C, GS, etc??

When TARP 2 FAILS to pass Congress, the shit will really hit the fan.

erik's picture

Then when TARP 2 does pass Congress on the 2nd attempt, the stock market will crash just like it did last time.

Bananamerican's picture

Tarp II passes 1st Try, post election, in the same manner as the 1st...over our dead bodies.

....to "save the system" and all that.

Reggie Middleton's picture

With all of the yapping Ive done on JPM under reserving and there's still a doubt? Granted, they're better of than BAC...

Rasna's picture

TARP I passed despite the howls of outrage and specific, "don't pass this bill (TARP)" demands bythe electorate...

Tarp II will pass also...

The Congress and everyone else serves at the pleasure of Wall Street and the TBTF banks.

Count on it.

Mentaliusanything's picture

Thats taking gearing to a new high. But you don,t make money on self insurance

jedwards's picture

Isn't it likely that BAC and the other banks will just settle with Pimco, et. al. for a fraction of the amount?

Sudden Debt's picture

I'll light a little candle for it to be so...

HECK, I'LL LIGHT 2 CANDLES!!!

ShankyS's picture

That is not a candle - it is a fuse!

TooBearish's picture

+1 agree - but great fun with pictures Ty!

eatthebanksters's picture

Do you think Bill Gross will settle for a fraction of what PIMCO is owed?

Quantum Nucleonics's picture

He might.... buy at 50 cents (or whatever).  Would you, (a) settle for 55 cents after a couple months and a little negotiating time, or (b) grind it out in court for a couple years (racking up $$$ in legal) for the hope of getting par.

Rasna's picture

Not a chance of that happening.

Cyan Lite's picture

Republicans will pass another TARP as soon as they take over the House.

Careless Whisper's picture

i think mister demint (and maybe mister paul) over in the senate may have a few things to say about that.

DarkMath's picture

Yes, if the Republicans even think about another bail out they are going to write a very strongly worded letter to John Boehner. 

Shameful's picture

Only if the lame duck dems don't beat them to the punch.  Remember both "parties" are eager to serve their banking masters.

AccreditedEYE's picture

I don't believe there is political will for it on either side. People in the know (who understood what was going on...and some that didn't! lol) were pissed we had the first TARP... post Dodd-Frank, people will want the institutions brought down. There is no repeats with this shit, not if you want to keep your seat.

I like Whalen's idea on the subject...

http://us1.institutionalriskanalytics.com/pub/IRAMain.asp

eatthebanksters's picture

And then they will be gone in two years...

Rasna's picture

Agree.

No debate, no hand-wringing trying to get Dems on board... They'll give the Dems and everyone else the middle finger salute as they trot it over to O, who will sign it while looking for his balls.

Quantum Nucleonics's picture

Ehh, if Republicans controlled the House in 2008 there might not have been TARP 1.  It was Democrats carrying water for a lame duck President.

Careless Whisper's picture

that is an aaa owner-occupied mortgage, dammit. and so are the other 20 miami condos that the same guy owns.

 

SpeakerFTD's picture

I think you meant, "so is the condo that 20 different pension funds think they own."

Dr. No's picture

"Following today's news of an imminent lawsuit to be filed against Bank of America by such entities as the New York Fed"  In order to meet the reserve obligation, BofA will use the discount window.  It will exchange more toxic assets for cash to shore up its reserves.  Back door bail out.

TheGreatPonzi's picture

Bofa will end up in the hands of GS or JPM in less than 3 months.

erik's picture

I vote they will end up in Govt control.  The real concern here is how quickly this will spread to Wells Fargo (Wachovia/Golden West) and JP Morgan (WaMu/Bear Stearns).

Oracle of Kypseli's picture

Last year I had predicted that Citi will go to GS.

Now it looks that you may be right. GS is most likely the one as it does not have any branches. 

eatthebanksters's picture

It will never happen...the days of TBTF getting bigger, fatter and more systemically dangerous, are over.  Dimon should get his RV and take his daughters on another cross country trip.

Rasna's picture

I'm thinking GS... JPM/Chase/BAC won't be allowed... Really TBTF.

Quantum Nucleonics's picture

Not a chance.  Both are smart enough not to touch the Countrywide corpse.  Not even if it were sanitized.  What would GS want with (a) the little people (i.e. retail banking op) or (b) all the people they turned down for a job, i.e. Merrill.  JPM wouldn't want the anti-trust scrutiny (yes, that's laughter in the background).

More likely, if one of the big banks bit the dust, we'd get a look at all the deep flaws of Dodd-Frank, and Ben & Tim would have a bank to add to their conglomerate of car, mortgage, and insurance companies.

SignsAndWonders's picture

Sure, I can spell that:

T-A-X-P-A-Y-E-R-P-R-O-B-L-E-M

Sudden Debt's picture

http://upload.wikimedia.org/wikipedia/commons/7/7b/United_States_one_dollar_bill%2C_obverse.jpg

 

Look at the left upper corner: THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE

 

For me, that says it all.

Sudden Debt's picture

and if you want the know the answer on how this will play out:

Read the 4 words above the 3 letters "O N E"

http://upload.wikimedia.org/wikipedia/commons/1/1d/United_States_one_dollar_bill%2C_reverse.jpg

 

CAN I HAVE A AMEN BROTHERS AND SISTERS!!

SpeakerFTD's picture

Clearly counterfeit.  It's "In GS We Trust".

Bob's picture

How about F-F-F-F-U-U-G-G-E-E-T-T  DEM    B-B-B-B-B-O-O-O-O-N-N-U-S-S-E-S,

B-I-T-C-H-E-Z!