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Canadians Halt Options Trading With California Residents Due To Unpaid Bills
This is what happens when you live in a bankrupt state: one by one the big exchanges stop trading with you.
Please be advised that there has been an unforeseen delay in renewing CDCC’s annual application with the State of California.
Due to this delay, CDCC options may not at this time and until further notice be sold or offered for sale in the state of California and to California residents until the annual application process is completed.
How does one now buy December $0 Puts on Sacramento? Perhaps Arnie can do another garage sale and pay up before the NYSE and NASDAQ follow suit and block all equity trading for Californians.
h/t Rod
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So this is what a collapse looks like at the molecular level...
My God, it's full of stars...
hahahah
What I meant by that is that each one of these up close is amazing in and of itself, seeing the connections, the horror, the impact on individual lives. And then to take your attention away from all of the details to pull back and get the big picture, well, it is hard to do, the ADD just pulls me back in.
oh i understand and i agree , i was laughing because i thought it was clever :)
hahaha
Good one.
Actually, if you check our time posts you will see I could not suppress my own need to elaborate. No offense taken at all.
Again, I am just so glad you didn't blow yourself up, in that garage, with all that gasoline. We were really worried about you. I had asked around. There was discussion. I don't think I am giving too much away...;-D
Hilarious
"Will work for options trading"
"Perhaps Arnie can do another garage sale and pay up before the NYSE and NASDAQ follow suit and block all equity trading for Californians."
yikes!! I live in california! now i'll have to move to texas to keep trading. a state which is thinking of seceding.
'Whether Secession or Nullification, We All Want Freedom and Independence'
http://www.thecypresstimes.com/article/News/Opinion_Editorial/WHETHER_SECESSION_OR_NULLIFICATION_WE_ALL_WANT_FREEDOM_AND_INDEPENDENCE/24151
The Republic of Texas shall rise again.
We're moving to TEXAS, Baby!
YeeeHaaaw!
I hope those succession dopes do rise, being propelled by a boot in their collective a$$es
Save you Confederate money, boys!
They will be the first. Them and Alaska will want out of the US once the currency crisis starts to play out.
Yea Some true patriotic americans there. The Sheiks of the West. HAhahaha
Giving America a voice - where was his Big Mac to go with that cigar?
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Guns n Butter
Hot buttered guns?
Bums in Gutter?
With Kinky Friedman running for governor of Texas again, it's, "Get Your Biscuits in the Oven and Your Buns in the Bed"!
Gums on Nutter
McDonalds n Missiles
Yes, yes. Fast food and war. By golly, that's how we'll get this economy moving again! Of course it will be a slow moving war with people dropping dead from high triglyceride levels and morbid obesity. Oh yes, that's happening NOW.
and to California residents until the annual application process
huh?... why do they care what State your from....C's on foreheads please
C's? How about L's...
AIG
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
As they say, "You cannot make this sh1t up!"
LOL
Igor Panarin says
"“The 2009 US budget deficit is 4.5 times the 2008 deficit, while firearms sales are up 40%. On October 1, the coupons that were given to state workers are to be cashed out. When the workers realize that they are getting nothing for those coupons, they will take out their firearms and chaos will unfold."
http://www.russiatoday.com/Top_News/2009-08-31/months-left-us-collapse.html
"When the state workers realize that they are getting nothing for those coupons, they will take out their firearms and chaos will unfold."
Yeah! That, and Disney Land is the happiest place on Earth. What a fantasy! Hi ho, its off to chaos we go!
Probably the majority of state workers are socialists and women who are not firm believers in either the 2nd Amendment or gun ownerwhip.
The most damage these people could do would be to hold a Code Pink rally. Hey hey, ho ho, those stinkin IOU's have got to go. Hey hey, ho ho.
Hahah yeah you are probably right. It's California so they'll probably just complain alot.
Great, what next - halting IOUs for IOIs?
I think we could make billions off an IOU-derivative dark pool pyramid scheme.
Nah, JPM beat us to the punch.
Good thing AIG/FNM/FRE/C/BAC options aren't trading on that exchange or there would be riots right now.
Canada wouldn't accept California IOUs?
Soon California won't accept California IOU's.
Cant wait to win the Lotto and get paid with an IOU...
What!? You'll accept the Federal Reserve's worthless scrip, backed only by the full faith and credit of corrupt Chicago gangsters in Washington D.C., but you won't accept Arnolds's IOU's?
Truth be told, the only faith and credit the US has left is the fact that if you don't accept our worthless scrip, we'll invade your country and bomb you back to the stone age. And, if that don't work, we'll nuke you until you glow!
Is today's collapse to Flash Orders ban ? HFT firms not able to pump up the market... so everybody is selling?
hmmm, wonder who's buying 8mm shares of wfc into the close.
CAPTCHA
This problem is intended to determine if you are a machine- or not sufficiently intelligent (or determined) to participate at Zero Hedge. Math question: * times (-30) equals -330
Solve this math question and enter the solution with digits. E.g. for "two plus four = ?" enter "6".
THE ANSWER IS 11
Won't this just force them to move offshore or to London to trade Canadian options?
Adrian Burridge
CanadianInvestors.com
California already won't accept California IOU's. You'd think they'd at least try to pretend that they're worth something.
My computer says "11".
But wait, Kollyfornya said they would stop issuing IOU's in September. They got some money now. wanna buy a park or a prison?
By November, half the states in the US will be issuing and refusing their own and other states IOU's.
It won't be long now. I got a call.....
Most people in California couldn't find Canada on a map.
I'm Canadian. Where's California? What's a map?
I am fairly confident that most people in California couldn't find Portland on a map, nevermind Canada.
Lizzy, let's not set the bar so high, and start with finding Sacramento first.
I guess Arnie should try applying for a governor of Austria. with his resume,running a bankrupt country should be easy since it is smaller in size and less in population.
Protectionism taken to a whole new level.
"Trade" wars will follow.
Canadians no longer allowed into Disneyland.
So, there ya go. Problem fixed.
Yeah, and we won't sell Canada Marvel comix either! Or is Marvel going to pass on that deal with Disney, for fear of getting a California IOU?
Disneyland = obese and morbidly obese Americans from the fly over states all trying to out eat one another with massive amounts of low quality over priced crap food. In between eating they attempt to wedge themselves into rides. Not so much the magic kingdom as an advertisement for gastric bypass surgery
Last time I went they were renovating "It's a Small World" with larger capacity boats to accommodate the morbidly obese...
You know as people get bigger and fatter, the world does seem like a smaller place. It's just foreshadowing.
Why do I think that the Texas Fed chief is behind the Tx session move?. In fact, I think that he probably threatened something in case the fed went further in its debt monitizing. For long peopel were expecting Ca to be the first to seceed,but hearing the tx fed president on Bloomie one day,I had a feeling that the guy was not happy. And if things gets more ugly inside,he might blow a wistle,did anybody else hear that interview and had the same feeling?
Can you post a link?
http://seekingalpha.com/article/156663-local-currencies-now-thriving#com...
Umm we are a parallel processing engine now. Some will be ahead of others but it will all happen in parallel.
Sadly since this an end of the creation level event. The powers that be will be facing every type of revolt they've ever faced all at once.
tyler, this type of column is your forte. your true calling.
Give Dennis Kneale the guillotine and give Joe from the North End his job. At least we'll get some good red
sauce and some cannoli.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
My Premier was going to send his friend, your Arnie, some fire-fighters but I guess you stiffed us one too many times lately.
Hey!!!! I spend most of my time in California and all those hurtful truths are, well... truthful. The sad truth is that of the Californians that I talk to, most think that everything will be back to normal by Christmas.
They smoke more weed in Cali...