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Congrats To All Who Got In On AIG Offering...(UPDATE: TIMBERRRRRRR)

Tyler Durden's picture




Update: Timberrrrrr - this is what happens when you can't package dogshit as a social network or a chinese reverse merger.

...You are down just 3% in a few hours. Also, as a reminder, flipping to bigger idiots only works when one has a profit. And congratulations to the US Treasury. The $5.8 billion in gross proceeds (and $5.4 billion net of the $385 million in fees paid to Bank of America, JP Morgan and other TBTFs) is almost, but not quite, in the same league as the $110 billion in new debt issued this week. Oh, and good luck with the remaining $41 bllion in AIG Treasury exposure (through the common) not at a loss (above $28.70)

 




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Wed, 05/25/2011 - 12:22 | Link to Comment Overflow-admin
Overflow-admin's picture

Sell that junk BITCHEZ!

(with a vengeance)

Wed, 05/25/2011 - 12:41 | Link to Comment camaro68ss
camaro68ss's picture

today is turning out to be a fun day

Wed, 05/25/2011 - 12:46 | Link to Comment silberblick
silberblick's picture

Here's some more hilarity.

Click below to see a graphic illustration of bankster's dirty hierarchy of needs:

http://thesilvergoldhedge.blogspot.com/2011/05/banksters-dirty-hierarchy...

Wed, 05/25/2011 - 12:49 | Link to Comment Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Hey tyler. please post the picture of people running in terror for their lives you used to post. Its fitting.

Wed, 05/25/2011 - 12:51 | Link to Comment camaro68ss
camaro68ss's picture

I love the deer in the headlights photo. when you see that you know shit is fucked up

Wed, 05/25/2011 - 13:21 | Link to Comment TheTmfreak
TheTmfreak's picture

I usually laugh out loud everytime I see it. Its almost too good.

Thu, 05/26/2011 - 04:48 | Link to Comment LudwigVon
LudwigVon's picture

2nd thaat.

Wed, 05/25/2011 - 12:57 | Link to Comment Rynak
Rynak's picture

ripoff

Wed, 05/25/2011 - 13:15 | Link to Comment williambanzai7
williambanzai7's picture

Listen Mr Silver Dickhead, I was very polite when I told you in my post, please do not copy my ideas without providing proper attribution or a simple h/t.

I am not a copyright or plagiarism Nazi, but I find your gall amazing.

Now you are pimping your blog using my ideas on my home site.  

For this you shall be Banzai7'd

Wed, 05/25/2011 - 13:22 | Link to Comment tmosley
tmosley's picture

Could you post the original?

Wed, 05/25/2011 - 13:46 | Link to Comment williambanzai7
williambanzai7's picture

This has been on my blog since September 2010.

I posted it on this site yesterday with the Ben Pavlov Post.

Now he has copied the the concept, use of the dollar pyramid and my words verbatim.

I don't know about you, where I went to school this was called plagiarism.

Now I hate to pull this thread into a tangent because the AIG shit hole needs to be dealt with. But at the same time I am not going to stand by and watch the site get cluttered with unoriginal blog pimping.

Wed, 05/25/2011 - 16:26 | Link to Comment Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Hey Banzai that is fucked up!

 

http://thesilvergoldhedge.blogspot.com/2011/05/banksters-dirty-hierarchy...

 

to the douche who stole Banzai's work, work this out with Banzai, or CEASE AND DESIST.

I wouldn't piss off the kind folks that read this board.

 

 

Wed, 05/25/2011 - 14:28 | Link to Comment famousamos
famousamos's picture

I can't stop watching the "European Vacation" video. Greek markets. Oh Shit!

Wed, 05/25/2011 - 14:31 | Link to Comment vocational tainee
vocational tainee's picture

stop advertising your fucking portal...

Wed, 05/25/2011 - 13:14 | Link to Comment Motorhead
Motorhead's picture

Who in their right mind would have bought in the first place?

Sit on your hands, bitchez!

Wed, 05/25/2011 - 15:29 | Link to Comment Threeggg
Threeggg's picture

Um' You might want to call you're Mutual Fund/IRA manager, that I am sure made a handsome commish buying this meth from the drug pusher that sold it............................................!

All in collusion of course !

Wed, 05/25/2011 - 12:25 | Link to Comment buzzsaw99
buzzsaw99's picture

market cap bitchez.

Wed, 05/25/2011 - 12:58 | Link to Comment Cleanclog
Cleanclog's picture

On a split adjusted basis, AIG traded at > $1K/share 10 years ago.  Ugly bugly.

So who "had" to buy it this morning?  Who had to "promise" at $29/share all week?  Rigged market much?

Wed, 05/25/2011 - 14:17 | Link to Comment mynhair
mynhair's picture

market crap bitchez.

 

Fixed

Wed, 05/25/2011 - 12:29 | Link to Comment BlueDonkey
BlueDonkey's picture

Is that Grimsvotn erupting at the bottom of the chart?

Wed, 05/25/2011 - 12:31 | Link to Comment UGrev
UGrev's picture

No, that's the blood spurting from the arteries... 

Wed, 05/25/2011 - 15:27 | Link to Comment RockyRacoon
RockyRacoon's picture

I think this is a charting first: 

It's the first one I've ever seen that is taller than it is wide!

Wed, 05/25/2011 - 12:31 | Link to Comment New Survivalist
New Survivalist's picture

Fucking lemmings.

Wed, 05/25/2011 - 12:30 | Link to Comment monopoly
monopoly's picture

And all they do is spin how successful Geithner was with AIG. What a disaster.

Wed, 05/25/2011 - 12:33 | Link to Comment LRC Fan
LRC Fan's picture

All they need to do is a reverse split, problem solved, profit for the taxpayerz (sorry Timmay, that's tax PAYERS you douche.) 

Wed, 05/25/2011 - 12:33 | Link to Comment TideFighter
TideFighter's picture

tax PAYERS (n-1) if you use TurboTax

Wed, 05/25/2011 - 12:35 | Link to Comment TideFighter
TideFighter's picture

Should've said, "Are you Linkedin to AIG?"

Hey, captcha questions are easy today, I'm going long on stupid posts.

Wed, 05/25/2011 - 12:38 | Link to Comment chet
chet's picture

Have I got a great pile of feces for you!  Don't miss out on this one!

Wed, 05/25/2011 - 12:48 | Link to Comment A Man without Q...
A Man without Qualities's picture

It's all about the lay up...

http://www.youtube.com/watch?v=UXHwIrEpeSQ

Wed, 05/25/2011 - 13:13 | Link to Comment knowless
knowless's picture

top comment on youtube:

I love how he distracts them with the ball and tap dancing.? lmfao!!!!!!!!!

Wed, 05/25/2011 - 12:36 | Link to Comment drink or die
drink or die's picture

Roll that beautiful bean footage.

Wed, 05/25/2011 - 12:40 | Link to Comment UGrev
UGrev's picture

holy shit. look at that mother fucker tank!

Wed, 05/25/2011 - 12:38 | Link to Comment RacerX
RacerX's picture

Ah that's just a bad tick.

Wed, 05/25/2011 - 12:38 | Link to Comment Ruffcut
Ruffcut's picture

JUst new and improved ponzi, without the new and improved, part.

Wed, 05/25/2011 - 12:42 | Link to Comment Spartan
Spartan's picture

They should have changed name to AIG.com the stock would be up 100% by now.

Wed, 05/25/2011 - 12:39 | Link to Comment ABG LINE
ABG LINE's picture

--)-)@

 

To my friends @ CSV. :-(

 

 

Wed, 05/25/2011 - 12:39 | Link to Comment Cthonic
Cthonic's picture
Douglas Kass
i am taking a long rental in aig at 28.65 now in premarket trading.

4 hours ago twitter

When you rent, at what point do you heed the mental stop?

Wed, 05/25/2011 - 12:43 | Link to Comment Cdad
Cdad's picture

Nice work the TBTF banks did for the gov there...agreeing to buy it and flipping it out at a loss to the dumbest algos in the room.  I have yet to hear or read any cogent analysis of this company and its true fundamental value.  It is really too bad that our government intervened and saved this embarrassment of a company.

In other news, prepare for an imminent break in the XRT @ the 50 day sma.  When it goes, get your surf board for the massive wave of selling in darling retail names, likely including NFLX which is printing a huge double top.  COSTCO and Amazon are not even waiting, reading the retail tea leaves of the last week or so in this bubbly retail group.  If ever there was an over owned segment of any stock market on earth, this is it.

In the meantime, banks continue to search for oblivion levels, otherwise known as "book value."  

This is the dumbest market in the history of the world...or probably more true, this isn't a market at all.

Thank you criminal syndicate Wall Street bankers, H. Paulsen, B. Bernanke, M. Shaprio.  Thanks for the wasteland.

Wed, 05/25/2011 - 12:42 | Link to Comment Vergeltung
Vergeltung's picture

too big to fail, my ass.....

 

Wed, 05/25/2011 - 13:14 | Link to Comment cowdiddly
cowdiddly's picture

Timmay and hasBen, You can flip your profits for LNKN @ 1394 X PE and be back to par in no time.

Wed, 05/25/2011 - 12:52 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Ahhh, the cold hand of government at work...

Wed, 05/25/2011 - 12:52 | Link to Comment Nicholaz
Nicholaz's picture

Quite honestly, I'da have loved to see the Government sell a lot more of that stuff before it goes downhill, saving the taxpayer from the socialized losses and giving them just back to where they belong.

Wed, 05/25/2011 - 13:18 | Link to Comment Dr. Engali
Dr. Engali's picture

Ha ha ha ha you funny Joe....."give them back where they belong" you funny :)

Wed, 05/25/2011 - 16:40 | Link to Comment NotApplicable
NotApplicable's picture

Never mind that it's being bought by all of the retirement funds. Then, when they blow up, they'll give everyone a sweetheart deal to exchange them for Treasurys. Yay!

"They call it the American Dream, because you have to be asleep to believe it." -- George Carlin

Wed, 05/25/2011 - 12:51 | Link to Comment glenlloyd
glenlloyd's picture

I'm sorry, but this should surprise no one.

Wed, 05/25/2011 - 12:57 | Link to Comment mayhem_korner
mayhem_korner's picture

Just a dorky observation in my sopwith camel...

...if you combine Timmay with Bernanke, you also get TIMBER.

patent, baby :p

Wed, 05/25/2011 - 13:01 | Link to Comment Nicholaz
Nicholaz's picture

Umm, what does "Timberrr" mean in this context?

Wed, 05/25/2011 - 13:04 | Link to Comment alien-IQ
alien-IQ's picture

Priceless....Literally.

Wed, 05/25/2011 - 13:13 | Link to Comment omi
omi's picture

let's see if they buy $28

Wed, 05/25/2011 - 13:14 | Link to Comment djsmps
djsmps's picture

Safe haven Netflix up 3.5%.

Wed, 05/25/2011 - 13:27 | Link to Comment williambanzai7
williambanzai7's picture

You can change the lipstick but it's the same old pig.

Wed, 05/25/2011 - 13:32 | Link to Comment alien-IQ
alien-IQ's picture

hey Banzai..just want to let you know I've printed out a few of your pieces and framed them and mounted them on my wall near my desk. they always provide me with a good chuckle during the trading day since they so often perfectly echo what is happening in this joke,,,uh,,,I mean market.

The check is in the mail...I swear.:-)

Wed, 05/25/2011 - 13:36 | Link to Comment williambanzai7
williambanzai7's picture

Everyone here knows I encourage "personal use" of everything I produce. If you want to buy from the store you will get a quality product, but I have never discouraged anyone from using my stuff otherwise. 

If people want to use it on their blogs etc, they are also fully encouraged to do so, with attribution (common courtesy).

I asked that guy to do this and he has ignored my request. Then in bad form he is pimping his blog all around ZH "off topic." And he is using my original idea to do it. 

He needs to be bitch slapped fast!

Wed, 05/25/2011 - 18:23 | Link to Comment falak pema
falak pema's picture

only too true WB!

Wed, 05/25/2011 - 13:21 | Link to Comment Hondo
Hondo's picture

Fools and their money.....laughable.....

Wed, 05/25/2011 - 13:32 | Link to Comment GFORCE
GFORCE's picture

I'm surprised they only offloaded 5bn.

Wed, 05/25/2011 - 16:43 | Link to Comment NotApplicable
NotApplicable's picture

Baby steps. They can only backstop so much at a time, with all of the other ticking bombs they are juggling.

Wed, 05/25/2011 - 13:34 | Link to Comment mayhem_korner
mayhem_korner's picture

Nice touch with the "fires of hell" volume graphic...

Wed, 05/25/2011 - 13:35 | Link to Comment Atomizer
Atomizer's picture

Color me shocked..

Wed, 05/25/2011 - 13:41 | Link to Comment Dolemite
Dolemite's picture

Silver and oil and stocks (oh my)

http://deadcatbouncing.blogspot.com/

Wed, 05/25/2011 - 14:41 | Link to Comment citizen2084
citizen2084's picture

Hey Herman (latest GOP fraudster to undermine RP) Cain,

How you feeling about your support of the bailout now? 

You thought buying stock in AIG was a no brainer, great idea!  

How is it looking now? The cheese in your pizzas got nothing on you.  

As long as the fraudsters that you call friends got cashed out you probably still feel this was a great deal for the taxpayers.

 

 

Wed, 05/25/2011 - 15:51 | Link to Comment Caveman93
Caveman93's picture

Dive! Dive! Dive! 

Wed, 05/25/2011 - 16:19 | Link to Comment SYantiss
SYantiss's picture

Is this the definition of transitory?

Wed, 05/25/2011 - 18:44 | Link to Comment cramers_tears
cramers_tears's picture

And to think my wife was giving me shit for that slew of AIG May11 $30 puts I bought.  HA!

I'm in the money... da-da-da-da-da

All right, somebody tell me how they're gonna cheat next.  My whole investment strategy is to -  JUST SIT BACK AND TRY TO FIGURE OUT HOW THEY'RE GOING TO CHEAT! What can the TBTF's do to make tons of money that incorporates CHEATING AND FRAUD.  And usually fucks GOV INC, Pension Funds, Retail Investors bigtime!

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