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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 | 1309381 Overflow-admin
Overflow-admin's picture

Sell that junk BITCHEZ!

(with a vengeance)

Wed, 05/25/2011 - 12:41 | 1309449 camaro68ss
camaro68ss's picture

today is turning out to be a fun day

Wed, 05/25/2011 - 12:46 | 1309462 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 | 1309472 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 | 1309478 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 | 1309595 TheTmfreak
TheTmfreak's picture

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

Thu, 05/26/2011 - 04:48 | 1312300 LudwigVon
LudwigVon's picture

2nd thaat.

Wed, 05/25/2011 - 12:57 | 1309506 Rynak
Rynak's picture

ripoff

Wed, 05/25/2011 - 13:15 | 1309575 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 | 1309596 tmosley
tmosley's picture

Could you post the original?

Wed, 05/25/2011 - 13:46 | 1309685 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 | 1310243 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 | 1309809 famousamos
famousamos's picture

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

Wed, 05/25/2011 - 14:31 | 1309833 vocational tainee
vocational tainee's picture

stop advertising your fucking portal...

Wed, 05/25/2011 - 13:14 | 1309560 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 | 1309980 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 | 1309385 buzzsaw99
buzzsaw99's picture

market cap bitchez.

Wed, 05/25/2011 - 12:58 | 1309522 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 | 1309775 mynhair
mynhair's picture

market crap bitchez.

 

Fixed

Wed, 05/25/2011 - 12:29 | 1309390 BlueDonkey
BlueDonkey's picture

Is that Grimsvotn erupting at the bottom of the chart?

Wed, 05/25/2011 - 12:31 | 1309411 UGrev
UGrev's picture

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

Wed, 05/25/2011 - 15:27 | 1310031 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 | 1309402 New Survivalist
New Survivalist's picture

Fucking lemmings.

Wed, 05/25/2011 - 12:30 | 1309409 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 | 1309410 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 | 1309420 TideFighter
TideFighter's picture

tax PAYERS (n-1) if you use TurboTax

Wed, 05/25/2011 - 12:35 | 1309415 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 | 1309423 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 | 1309477 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 | 1309567 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 | 1309429 drink or die
drink or die's picture

Roll that beautiful bean footage.

Wed, 05/25/2011 - 12:40 | 1309431 UGrev
UGrev's picture

holy shit. look at that mother fucker tank!

Wed, 05/25/2011 - 12:38 | 1309437 RacerX
RacerX's picture

Ah that's just a bad tick.

Wed, 05/25/2011 - 12:38 | 1309439 Ruffcut
Ruffcut's picture

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

Wed, 05/25/2011 - 12:42 | 1309440 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 | 1309443 ABG LINE
ABG LINE's picture

--)-)@

 

To my friends @ CSV. :-(

 

 

Wed, 05/25/2011 - 12:39 | 1309444 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 | 1309452 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 | 1309456 Vergeltung
Vergeltung's picture

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

 

Wed, 05/25/2011 - 13:14 | 1309457 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 | 1309481 Sophist Economicus
Sophist Economicus's picture

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

Wed, 05/25/2011 - 12:52 | 1309482 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 | 1309583 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 | 1310288 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 | 1309495 glenlloyd
glenlloyd's picture

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

Wed, 05/25/2011 - 12:57 | 1309504 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 | 1309532 Nicholaz
Nicholaz's picture

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

Wed, 05/25/2011 - 13:04 | 1309534 alien-IQ
alien-IQ's picture

Priceless....Literally.

Wed, 05/25/2011 - 13:13 | 1309558 omi
omi's picture

let's see if they buy $28

Wed, 05/25/2011 - 13:14 | 1309574 djsmps
djsmps's picture

Safe haven Netflix up 3.5%.

Wed, 05/25/2011 - 13:27 | 1309586 williambanzai7
williambanzai7's picture

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

Wed, 05/25/2011 - 13:32 | 1309619 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 | 1309641 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 | 1310667 falak pema
falak pema's picture

only too true WB!

Wed, 05/25/2011 - 13:21 | 1309589 Hondo
Hondo's picture

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

Wed, 05/25/2011 - 13:32 | 1309623 GFORCE
GFORCE's picture

I'm surprised they only offloaded 5bn.

Wed, 05/25/2011 - 16:43 | 1310299 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 | 1309629 mayhem_korner
mayhem_korner's picture

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

Wed, 05/25/2011 - 13:35 | 1309633 Atomizer
Atomizer's picture

Color me shocked..

Wed, 05/25/2011 - 13:41 | 1309653 Dolemite
Dolemite's picture

Silver and oil and stocks (oh my)

http://deadcatbouncing.blogspot.com/

Wed, 05/25/2011 - 14:41 | 1309866 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 | 1310149 Caveman93
Caveman93's picture

Dive! Dive! Dive! 

Wed, 05/25/2011 - 16:19 | 1310226 SYantiss
SYantiss's picture

Is this the definition of transitory?

Wed, 05/25/2011 - 18:44 | 1310730 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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brand shoes's picture
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