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Ferocity Of Imminent Spain-Germany Cold War Will Only Be Second To Upcoming Fox Biz-CNBC No Holds Barred

Tyler Durden's picture


One of the more ominous news of the day came from Reuters, which reported that the previously disclosed rumor that Spain was seeking a €250 billion bail out package, had in fact originated from high-placed German officials. The move, which will could easily set off an intraeuropean cold war, was prompted by the increasing schism between Europe's (so far) solvent core and the insolvent Club Med, and was intended "for Spain to take tougher austerity measures to cut its huge budget deficit." Instead, the tsunami of denial that resulted, only exacerbated matters and made it seems like Spain is truly on the brink. Compounding this animosity, was the disclosure that Spain's direct counterattack took the form of the El Pais story that "quoted Spanish government officials as saying Madrid wanted to publish the results of stress tests being conducted on its banks to reassure markets" a move which has been opposed by Germany and especially by Austria, which believes that publishing the true deplorable state of affairs of its Erste and Raiffeisen Bank would cause yet another bank run. At the end of the day, none of this helped either unlock Spain's frozen interbank or money markets, or encourage a sense of credibility in the euro (turns out that was only courtesy of the biggest short squeeze in Euro history). In fact, if such political low blows are to be expected, it is only a matter of time before all investors completely desert Europe and let it deal with its escalating vendettas on its own. Yet all of this pales in comparison with the very sweaty locker room war that was just unleashed by Fox Business' Charlie Gasparino against CNBC, and particularly its early morning anchor, Joe Kernen.

More on Cold War for Gen K(eynesian unwind) from Reuters:

European diplomats say the background to the leaks and counter-leaks lies in pressure from Germany -- Europe's economic powerhouse and main paymaster -- for Spain to take tougher austerity measures to cut its huge budget deficit.

The Germans seem to have fired the first shot, telling journalists in Berlin on condition of anonymity on June 7 -- the day the German coalition agreed on its own austerity package -- that Spain was on the brink of seeking a European Union bailout.

Diplomats said Spanish Prime Minister Jose Luis Rodriguez Zapatero was furious and demanded to know in Berlin and Brussels where the reports were coming from.

The counter-attack began on Tuesday, when El Pais newspaper quoted Spanish government officials as saying Madrid wanted to publish the results of stress tests being conducted on its banks to reassure markets -- a move hitherto opposed by Germany.

"If the results of the tests were known there would be more than one surprise," one of the sources was quoted as saying, noting that Spanish banks had performed well.

The next day, the Bank of Spain said it would soon issue unilaterally the results of tests of capital adequacy and risk resilience being conducted on Spanish banks.

That forced the hand of EU leaders, meeting in Brussels on Thursday, who decided at Zapatero's initiative, with the support of the European Commission, to make bank-by-bank results public on the top 25 banks by the end of July.

If you are not afraied yet, you should be. Very.

EU officials, reluctant to speak on the record about the dispute, said the European Commission was flabbergasted by the leaks, which were damaging the euro zone.

"We simply cannot understand how this can be in Germany's interest, or anyone's interest in the euro area," an official involved in crisis management said.

This is the kind of "accord" that is permeating Europe right about now: what initially was just a war of words between Germany and France, has escalated into a war of actionable attrition, as the German rumor most certainly had a very adverse impact on Spanish bond spread. The simple conclusion is that Germany is now actively trying to scuttle the European rescue, and will not stop before the euro plunges, or goes extinct. It is certain that this media circus will only get worse, although it will wipe out Spain first, before it comes around and test just how stable those sub 3% Bunds really are.

However, while far less geopolitically relevant, a far more entertaining debacle, will be the now open war between Fox Business and CNBC.

Earlier, while reporting on what the alleged "true" form of BP's financing package will be, Charlie went to town on CNBC's Joe Kernen, who said Fox Biz is a "bunch of wingnuts", regaling his viewers and Liz Claman with an episode straight out of Midnight RunExpress: "I used to play this little game with [Kernen] in the locker room after we worked out, and he had visages of a prison scene... I used to walk around him and talk to him, and he used to sweat after taking a shower, he saw my tattoo, my hairy chest."...we just need Kneale to chime in about digital dickweeds and the grotesque would be complete.

Another amusing thing we learn is that according to Gasparino, should BP go ahead and do a Reg-S/144A bond offering with a full prospectus, he "would have 5 days worth of stories, it would be amazing. I am gonna kill them on the prospectus." Alternatively, the story goes, a loan document, which has a far more narrow scope, would be able to avoid the type of SEC-mandated disclosure that accompanies bond reds. Of course, none of this is even remotely relevant: BP's balance sheet at this point is very much irrelevant, and the entire fate of the company lies in whether the batting of a butterfly's wings in China will create a hurricane in the GoM in the next month. Should this happen it is game over for the firm. Which makes us wonder - just how do those who pitch long BP positions hedge for what is basically a binary outcome, in which the downside climatic and otherwise variables can only be controlled by god's proxy on earth, Goldman Sachs (especially since GS just issued a cautiously optimistic outlook on BP, which if the success of the firm's EURUSD calls are any indication, means the end is near).

Either way, we can't wait for Kernen's response, and for the dirt on Chaz to finally start flowing from CNBC's female anchor population, who are now prohibited by FCC rules from further lowering/shortening their necklines/hemlines, without garnering an NC-17 rating for GE's propaganda channel, and thus will do anything else to generate some incremental viewership for the ratings troubled station.

Check out the clip below:



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Sat, 06/19/2010 - 00:55 | 422395 Akrunner907
Akrunner907's picture

Damn she is top the profile view....

Sat, 06/19/2010 - 01:18 | 422410 faustian bargain
faustian bargain's picture

I watched it without sound...her body language is rather suggestive.

Sat, 06/19/2010 - 01:45 | 422428 SilverIsKing
SilverIsKing's picture

I'm surprised CNBC let her go.  She still has some mileage left in her.

Sat, 06/19/2010 - 02:24 | 422441 arnoldsimage
arnoldsimage's picture

i'm sure she will appreciate your comment.

Sat, 06/19/2010 - 16:46 | 422861 anony
anony's picture

Can you post an image file source where we can actually see a blow up of your avatar?



Sat, 06/19/2010 - 03:05 | 422450 PhattyBuoy
PhattyBuoy's picture

... ya - "man-mileage" !!

Sat, 06/19/2010 - 11:48 | 422619 aint no fortuna...
aint no fortunate son's picture

Watch it there... you're talking about one of Buffett's favorite little foxes.

Sat, 06/19/2010 - 02:14 | 422437 AssFire
AssFire's picture

I am a tit guy, but jenna lee still has her beat.

Sat, 06/19/2010 - 03:38 | 422458 UncleFurker
UncleFurker's picture


I figured that out already from the avatar.

Sat, 06/19/2010 - 09:43 | 422541 Leo Kolivakis
Leo Kolivakis's picture

Love hot redheads like her!

Sat, 06/19/2010 - 01:05 | 422401 Turd Ferguson
Turd Ferguson's picture

I've always thought that Kernen was a tool.

He tried to be a financial advisor in the 80s. Couldn't cut it. Got fired by Merrill.

He's had a bug up his ass for advisors and brokerages ever since.


Sat, 06/19/2010 - 01:27 | 422417 AccreditedEYE
AccreditedEYE's picture

a real douche bag.

Sat, 06/19/2010 - 10:25 | 422562 bbbilly1326
bbbilly1326's picture


Congrats ZH, this is BY FAR the best scandalous video I"ve seen here.........


Kernan is the absolute worst on CNBC (now that other idiot is gone, and I've never watched Cramer as he's unbearable).......Kernan can barely put a 5 word sentence together that makes  sense.


And to have Gasparino dis him ON NATIONWIDE TV with undercover locker room sex talk----PRICELESS  !!


If I still had cable I might be tempted to watch Fox.......(lead me not into....)

Sat, 06/19/2010 - 11:47 | 422618 Careless Whisper
Careless Whisper's picture

no way bb. gasparino is an effin' idiot. a tool. kernan is totally underestimated. he has a masters from m.i.t. so don't be fooled by his demeaner. gasparino made sure to tell us that he has a hairy chest and a tattoo -- a manly man. the only thing he left out was that kernan has a small c0ck. this guy is a 'journalist'? puuuhleeeze.



Sat, 06/19/2010 - 17:33 | 422905 RottingDollar
RottingDollar's picture

I find amusing the debate who is the bigger tool Kernan or Gasparino---when they both huge tools.   The irony is that Kernan was being sarcastic about the wing nute comment.   He's constantly being emailed that he's the wing nut of CNBC so calling Fox Business wing nuts was an inside joke to his distractors.   

Bottomline both are tools.


Sat, 06/19/2010 - 08:44 | 422516 blindfaith
blindfaith's picture

stopped watching these snot idiots 7 years ago.  Kernen wouldn't even make a decent door man at an NY hotel, disherwasher maybe but even there you have to show respect and he has no clue.

Turn them off, you watchers are why they exist.

Sat, 06/19/2010 - 12:08 | 422626 Treeplanter
Treeplanter's picture

I turn the sound off.  Then listen if Rick Santelli or the Commodities Lady is on, she likes her gold.  No need for the Wall Street cheerleader squad.  

Sun, 06/20/2010 - 10:43 | 423501 FEDbuster
FEDbuster's picture

Russian Television (RT) should start an Internet based financial news channel with Rick Santelli at the helm.  They could have a weekly show called "Got Gold?" or "Gold Bitches!" with Gordon Gekko as host.

Sat, 06/19/2010 - 01:17 | 422409 Basia
Basia's picture

Financial porn. Testosterone overdose clouds the brain and is fatal to your bottom line. Watch at your peril.

Sat, 06/19/2010 - 05:00 | 422469 Reflexivity
Reflexivity's picture

Is zerohedge not the Porn King of the financial porn genre?

Sat, 06/19/2010 - 09:30 | 422534 TuesdayBen
TuesdayBen's picture

Naw.  ZH isn't a sexy Buy Buy Buy.

It is an interactive Think Think Think,  Learn Learn Learn.

Sat, 06/19/2010 - 11:38 | 422610 dnarby
dnarby's picture

In the financial porn world ZH is a course in advanced genetic engineering to create the ÜberKapitalanlege.

Sat, 06/19/2010 - 20:31 | 423006 CPL
CPL's picture

As far as the world is concerned we are the channel of financial news.


It hits us first without filters, we cuss, swear (without the interesting pictographic display and CP) then the filter continues to bored news feeds that look to the comment section for clear definition on the issues....including the words like "fuck", "cuntard", "cock swallower", "assmaster", etc.

Pretending we aren't even in the ring is the correct thing to do.  The fight was never in the legislated, law abiding, kangaroo court of ring side.  It out where the rest of us are.  Street level, no rounds, no time is kept and with full understanding of how most of the world is fought in a ditch than in three piece suits.


//rant off...amen.

Sat, 06/19/2010 - 12:11 | 422629 Treeplanter
Treeplanter's picture

I read Abu Baba Sri Sri Zeroji cause I can't understand two thirds of what our guru is talking about.  A sure sign he's smart, in with the in crowd, and knows what the in crowd knows.

Sat, 06/19/2010 - 01:22 | 422413 Assetman
Assetman's picture

What we really need is an ultra high stakes World Cup football match between Spain and Germany.

The bet would go something like this-- if the Spaniards win, Germany funds the full 800 billion euro bailout package.

If Germany wins?  They own Spain.  And will get the option of shipping the 20% or so unemployed to Montana.  Don't worry, Barry O will put them on a new brand of hopey/changey socialism.

And if there's a tie?  They'll be no tie!  Why do they even let these teams do that, anyway?

Sat, 06/19/2010 - 06:06 | 422485 if
if's picture

Have you been to southern Spain lately ?  German is a very common second language and if not that most of the other foreigners speak some variant of broken English it would probably be the dominant second language.

Sat, 06/19/2010 - 10:14 | 422555 Hephasteus
Hephasteus's picture

Spain already screwed up thailand. Gave those poor cute asians big giant spanish horse teeth. They should let the spanish ride thai's and use a polo club during the match.

Sat, 06/19/2010 - 12:18 | 422633 Treeplanter
Treeplanter's picture

Exactly why did Carthage, Rome, and the Arabs want Spain?  Is there any tin, gold or something else of value still there?  

Sat, 06/19/2010 - 13:03 | 422669 Treeplanter
Treeplanter's picture

Claro que si, cabron.

Sat, 06/19/2010 - 01:22 | 422414 Hammurabi
Hammurabi's picture

Since Decembre the media trying to creat bad news about EU and make the EU leaders fight each others, the bigest winer sow far is the US bonds,

Sat, 06/19/2010 - 03:20 | 422453 TuesdayBen
TuesdayBen's picture

Osama, is that you?

Sat, 06/19/2010 - 03:24 | 422456 Augustus
Augustus's picture

What we are seeing euro land is soon to be here.

The big Spanish banks are probably in better condition than the others, with the proviso that they all have problems.  They are now arguing about which has the least infective disease.  The decision to not evaluate the effect of sovereign debt on the balance sheets has greater benefits for the most leveraged institutions as they all have problems.  The Germans have the leverage several times greater on that score, IIRC.  They are also getting screwed on the ECB buying of the sovereign bonds as it does nothing to benefit the German citizen because it devalues the euro.  The German banks evidently held the Greek bonds while the French banks cleared them out.  None of the net borrowers wants to cough up the payments for their past feasts.

How does it play out in the US?  At some point the monsterous state debts of several states will generate a buyers strike - Greek bonds.  When the Fed has to become the buyers - ECB - the differnet states will want to argue about it and which was the most wasteful in the past or failing to pay their way to solvency.  Everyone will offer the excuse that they are good for it given more time to cure.  Except that they cannot exist without increasing debt amounts. 

There will be a great number of people who will learn how to pluck their own chickens and skin squirrel.



Sat, 06/19/2010 - 05:37 | 422477 Jendrzejczyk
Jendrzejczyk's picture

"There will be a great number of people who will learn how to pluck their own chickens and skin squirrel."

Nominated for the line of the month.

Squirrel=good eatin'!

Sat, 06/19/2010 - 07:56 | 422504 keepmydollar
keepmydollar's picture

As someone here in the southwest who has hunted and eaten squirrel.  It is good eatin'.


That said this short squeeze on the Euro last week is allowing me to buy a steer and slaugher it.  Steak for 6 more months.

Sat, 06/19/2010 - 09:02 | 422525 Bendromeda Strain
Bendromeda Strain's picture

I dunno, rabbit seems so much easier. And besides, bunnies are a steady meal ticket...

Sat, 06/19/2010 - 09:46 | 422542 KTV Escort
KTV Escort's picture

hey BS... great avatar and ID

Sat, 06/19/2010 - 11:46 | 422614 Jendrzejczyk
Jendrzejczyk's picture

I'm a wimp, gonna have to go vegetarian when I can't get my meat wrapped in pretty plastic.

Sat, 06/19/2010 - 06:52 | 422493 Rusty_Shackleford
Rusty_Shackleford's picture

Squirrels will soon be known as "Depression Sandwiches"

Sat, 06/19/2010 - 07:51 | 422503 Sqworl
Sqworl's picture

Hey Hey my friend...:-)

Sat, 06/19/2010 - 15:56 | 422823 Rusty_Shackleford
Rusty_Shackleford's picture

Present company excluded, of course.

Sat, 06/19/2010 - 11:11 | 422583 glenlloyd
glenlloyd's picture

ah, let me get out my carrion cookbook!

Sat, 06/19/2010 - 12:11 | 422628 Printfaster
Printfaster's picture

Only two pieces of carrion allowed per person.  Government rules.

Sat, 06/19/2010 - 13:19 | 422687 grunion
grunion's picture

...with a side of Hoover hog...

Sun, 06/20/2010 - 10:49 | 423507 FEDbuster
FEDbuster's picture

I though they were refered to as "Tree Rats" in some circles.  I have ate squirrel, tastes like tough chicken dark meat.  In a soup or stew they would be easier to eat.

Sat, 06/19/2010 - 03:47 | 422460 fajensen
fajensen's picture

Germany is now actively trying to scuttle the European rescue, ...

The popular feeling in Europe is that the EU needs taking down several notches. The EU commision has used the crisis to grab even more power for itself - now the kommisars wants to approve member states national budgets over the heads of elected governments; A vastly unpopular move and guranteed to bring in right-wing nationalists everywhere.

Any politician with an ounce of ambition will have to sabotage the EU's "resue" efforts before they either remove their influence or get them kicked out in the election. The surprise to the EU is that the leak probably comes from someone high, close to Merkel.

Sat, 06/19/2010 - 05:21 | 422474 Snidley Whipsnae
Snidley Whipsnae's picture

Someone posted here (a rumor?) that Germany has held secret meetings with Russia about creating a common currency. Anyone have a link to the rumor? Or, is it bs?...Thanks...

Sat, 06/19/2010 - 12:22 | 422638 Printfaster
Printfaster's picture

Are you looking for Medvedev's unity in diversity coin?


Sat, 06/19/2010 - 12:32 | 422652 Treeplanter
Treeplanter's picture

The Germans are smarter than that.  I once had a neighbor who started treeplanting contracting at the same time I did.  He wanted to be partners.  Since I had seen him lie to his wife about small potatoes I knew he would lie to me, so no go.  Later he was working near my camp in the BC Rockies.  The provincial forester complained to him that his crew seemed to be drunk a lot on site and it was causing quality problems.  He assured the guy he had laid down the law on that, "No drinking before noon, no LSD on the block."  Russia would make that kind of partner. 

Sat, 06/19/2010 - 06:07 | 422484 Duuude
Duuude's picture


Gen-K !






We are  all Gen-K now...


After being K-Y'd by tha Banksters for so long



Sat, 06/19/2010 - 09:14 | 422529 Duuude
Duuude's picture


And California isn’t alone in angling for a bailout. U.S. states are facing shortfalls totalling nearly $300-billion in 2010 and 2011; they also must wrestle with hundreds of billions more in unfunded pension obligations to their workers. “There are a few Greek crises brewing among the United States of America,” said economist Ed Yardeni of Yardeni Research Inc.

Sat, 06/19/2010 - 06:17 | 422487 Instant Karma
Instant Karma's picture

Whenever I see the word "ferocity" my mind races to 9th grade. I'm standing in front of a biology class giving a report on the sensory systems of  the shark, and, somehow I tossed in the work "ferocity." Louise, whom I had a massive crush on, and who went on to the Ivy League and make a fortune at Dell, questioned the use of "ferocity." She asked "Is 'ferocity' a word?" Indeed it is, fair Louise. Indeed it is. She continued along the path of unpleasantness and I'm told she was married to a jerk for 5 years, divorced, no children, and became not only wealthy but quite the wine aficionado.

What was the article about again?

Sat, 06/19/2010 - 07:37 | 422502 Cheeky Bastard
Cheeky Bastard's picture

Off topic comment of the month award goes to Instant Karma. This was beautifuly written and funny as hell. + a quadrillion good sir.


Excellent avatah

Sat, 06/19/2010 - 10:06 | 422550 Hephasteus
Hephasteus's picture

No one who has worked at dell can be considered a sucess by any parameters other than money. And I'm sure those winnings will be gone in another year.

Sat, 06/19/2010 - 10:14 | 422554 fuu
fuu's picture


Sat, 06/19/2010 - 10:38 | 422569 SamThomas
SamThomas's picture

Stream of consciousness.  Joyce would be amused, if he were a finance geek like us.

Sat, 06/19/2010 - 06:42 | 422490 -273
-273's picture

There may well be massive issues in Europe right now, but this 'news' channel is a joke compared to the quality of the news channels in Germany.

Sat, 06/19/2010 - 06:53 | 422494 Paul E. Math
Paul E. Math's picture

If you alternative to CNBC is Fox Business then you're really 'out of the frying pan and into the fire'.  Watching either of these channels (with the sound on) will only make you dumber.  And poorer.

Sat, 06/19/2010 - 07:21 | 422501 -273
-273's picture

yea, you know it man. Media hologram in full effect.

Sat, 06/19/2010 - 16:09 | 422830 Cursive
Cursive's picture

Canada's BNN is pretty interesting.  Better and more diverse guests, better questions, more compelling.

Sat, 06/19/2010 - 08:06 | 422505 buzzsaw99
buzzsaw99's picture

FoxBiz isn't looking for credibility with Gasbag, that's for sure.

Sat, 06/19/2010 - 08:11 | 422508 Chippewa Partners
Chippewa Partners's picture

Gasparino is a punk.  He knows it.  He's lucky to have a job on TV, but can write and dig some dirt over a few cocktails. We're lucky to have Liz for our viewing pleasure tho we only watch  Fox and CNBC stations without sound. 

Bloomberg TV we allow the sound.  Far less bullshit and fewer stooges trying to talk their book. 

Sat, 06/19/2010 - 08:15 | 422511 Cheeky Bastard
Cheeky Bastard's picture

He got all "imma stab you in the eye with my nonnos sword" on me the other day when I said practically the same thing to him. But he is cool; lucky as fuck; but cool when compared to douches working in the same profession as he does [im looking at you Salomon geek]

Sat, 06/19/2010 - 08:56 | 422521 Sqworl
Sqworl's picture

Hey CB..good to read you...what do you call a guy with moustache and goatee??








Prison Pussy!!!! lmao

Sat, 06/19/2010 - 09:47 | 422543 velobabe
velobabe's picture

now see, i just don't get that.


maybe i don't get prison jokes†

Sat, 06/19/2010 - 12:23 | 422641 Sqworl
Sqworl's picture

Visualize Cramer!!!  lol

Sat, 06/19/2010 - 11:36 | 422607 Hephasteus
Sat, 06/19/2010 - 10:42 | 422571 SamThomas
SamThomas's picture

He used to be a pretty good reporter for the Journal--wonder what happened to his byline?  He was the one that broke all the finance scandal stories--Salomon, Citigroup, etc.

Now reduced to a kind of finance news carnival barker.  Unfortunate.

Sat, 06/19/2010 - 08:15 | 422509 Sqworl
Sqworl's picture

Go Charlie!!!  the odds on nyse casino are in your favor!!!

Ignore the comments of those that can't afford

Sat, 06/19/2010 - 08:21 | 422512 triplenegative
triplenegative's picture

You guys are so easy to every time: a too-tight bodice area overlain w/a strategic ruffle; cap sleeves cut at the optimum angle; high heels to tilt upper body forward unnaturally...long hair to cover neck area and further camouflage.....that's not curvy...that's a well-designed costume as on a stage...and you all fell for it. Analyze the illusion next time!

Sat, 06/19/2010 - 09:09 | 422528 Bendromeda Strain
Bendromeda Strain's picture

That's a man, baby! Yeah!

Sat, 06/19/2010 - 08:32 | 422515 tao400
tao400's picture

I hope he kicks Kernan's ass! He is a total douche bag. He acts like an analyst on the show instead of a reporter. The other day he said he was an independant. I never laughed so hard.

Sat, 06/19/2010 - 08:49 | 422518 AnAnonymous
AnAnonymous's picture

Core Europe is only solvent by the debt they are owned by Club Med Europe.

Only solvent players in the Ponzi scheme: rich commodities countries.

Europe includes only a few of them.

Sat, 06/19/2010 - 08:53 | 422519 chindit13
chindit13's picture

I believe you meant "Midnight Express" and not "Midnight Run".  BTW, Midnight Express has one of moviedom's more memorable and apropos musical themes, right up there with Lawrence of Arabia, The Man Who Would Be King, The Third Man, The Good, the Bad and the Ugly, and The Year of Living Dangerously.  All will stick in your head.

Sat, 06/19/2010 - 09:57 | 422547 Mitchman
Mitchman's picture


Sat, 06/19/2010 - 11:38 | 422611 Tyler Durden
Tyler Durden's picture

Express it is indeed

Sat, 06/19/2010 - 09:31 | 422536 RobotTrader
RobotTrader's picture

Sat, 06/19/2010 - 10:27 | 422564 Mitchman
Mitchman's picture

In that red dress, you can see clear down to Brooklyn. 

Sun, 06/20/2010 - 01:04 | 423127 tom a taxpayer
tom a taxpayer's picture

I can see beyond Brooklyn to the submarine abyss Hudson Canyon.

Sat, 06/19/2010 - 11:14 | 422587 juangrande
juangrande's picture

personally, when boobs that size get to be her age( the former photo that is), I start wishing for A cups

Sun, 06/20/2010 - 10:59 | 423521 FEDbuster
FEDbuster's picture

The big ones look good for about ten years (no childbearing) 16-26, after that gravity wins without some surgery.

Sat, 06/19/2010 - 19:12 | 422972 grunk
grunk's picture

Man, you would need some sherpas to negotiate them twin peaks. 

Sun, 06/20/2010 - 00:21 | 423129 tom a taxpayer
tom a taxpayer's picture

and some oxygen masks.

Sat, 06/19/2010 - 10:04 | 422549 stickyfingers
stickyfingers's picture

Sad what passes for journalism today. Murrow and his boys must be rolling in their graves.

Sat, 06/19/2010 - 10:07 | 422551 overmedicatedun...
overmedicatedundersexed's picture

IN the mean time:  Todays news,China un pegs from the $$, Russia wants it's own reserve currency, talking to China , Germany,. History repeats:Russia & Germany had an alliance prior to Herr Hitler double cross.

As I have posted here on you think Putin will let the EU melt down go to waste?

Step 1. liquidate Poland's leadership to put fear into the former satellite states.

Step 2. weaken the $$ monopoly with basket of currency ruble &yuan &new d mark to further destabilize the EU?..after all germans and russians see eye to eye on who deserves to control Europe..the southern EU states are filth to the prussian and russian rulers

Step 3. pick off the weak EU sheep of eastern Europe..

Step 4. the New USSR is born

Step 5. America gets to fight a new cold war build and expand the Military people put back to work..patriots rally round the flag and the people of the land of the brave forget the debt crisis, wall st, and the rape of wealth.

simple- the elites & Banksters win again

ain't history great?

Sat, 06/19/2010 - 10:19 | 422558 velobabe
velobabe's picture


every one of you,

boys mind's wondering. ( fuck correct grammar )

i actually promote the wandering of minds, on a daily basis.

pro showing skin in the summer.



nice to see you again, chinthe.


Sat, 06/19/2010 - 19:23 | 422977 Tard Carnival
Tard Carnival's picture

Did coherent thought get jealous over you fucking his buddy grammar and leave you?

Sat, 06/19/2010 - 10:20 | 422559 RingToneDeaf
RingToneDeaf's picture

Spent most of my money on wine , women and song.

Wasted the rest.

Apart from losing my soul, a little enjoyment of life is not so bad is it?

Sat, 06/19/2010 - 10:44 | 422572 AnAnonymous
AnAnonymous's picture

George Best's quote?

Here's another one: I went to the beach  on holiday. I never saw the beach. There's was a pub on the road.

Sat, 06/19/2010 - 11:27 | 422603 taraxias
taraxias's picture

Here's another one:


"Some say I slept with 7 Miss Universe. It's not true. It was only 4, the other 3 I didn't bother showing up." 

Sat, 06/19/2010 - 10:55 | 422576 realitybiter
realitybiter's picture

One, by one, these sexpot media bimbo's are going on LOA, coming back a full two cup sizes larger....

On another note, I could not believe that Steve Jobs interview two weeks ago, when he suggested that the ipad would reinvigorate the editorial pages of places like the New York Times, because they were important to save and the world of journalism should not be left to the (incapable) blogosphere.  I almost crapped on my ipod, mac, appletv and sent it all back to Cupertino, wrapped in Paul Krugman drivel NYT paper.

Seriously. Is he high? Is his new liver consuming his brain? The blogosphere is the best thing that ever happened to free press. Krugman, Dowd, and the rest of those clowns eat their own crap for breakfast, lunch, and dinner, and then vomit it on us via their anointed position of privileged column. It is disgusting. The blogosphere may have its inaccuracies, but at least, it is not ONE HUNDRED PERCENT inaccurate.

Sat, 06/19/2010 - 10:56 | 422577 realitybiter
realitybiter's picture

One, by one, these sexpot media bimbo's are going on LOA, coming back a full two cup sizes larger....

On another note, I could not believe that Steve Jobs interview two weeks ago, when he suggested that the ipad would reinvigorate the editorial pages of places like the New York Times, because they were important to save and the world of journalism should not be left to the (incapable) blogosphere.  I almost crapped on my ipod, mac, appletv and sent it all back to Cupertino, wrapped in Paul Krugman drivel NYT paper.

Seriously. Is he high? Is his new liver consuming his brain? The blogosphere is the best thing that ever happened to free press. Krugman, Dowd, and the rest of those clowns eat their own crap for breakfast, lunch, and dinner, and then vomit it on us via their anointed position of privileged column. It is disgusting. The blogosphere may have its inaccuracies, but at least, it is not ONE HUNDRED PERCENT inaccurate.

Sat, 06/19/2010 - 11:10 | 422581 Hephasteus
Hephasteus's picture

The world has seen what happens when you get bloggers. The shepards of mass media come charging in here saying all kinds of lies and crap trying to make sure the story gets told as 100 percent accuracy lie.

And yes Steve Jobs is having some problems. He's trying to make a big deal out 2 million ipads and 600 thousand iphone preorders. Foxcon employs nearly 820,000 people. That's IBM and Intel TOGETHER. You can't keep 820,000 people busy with a couple million in sales even though apple is only a small part of their business. The rest is even worse.

Sat, 06/19/2010 - 11:02 | 422578 doolittlegeorge
doolittlegeorge's picture

hmmm.  Spain vs Germany.  So far the euro has bottomed quite nicely.  According to Mr. Kasterling Switzerland had to "bankrupt its state" in order to do it.  If I were Italy I would VERY appreciative.  Having said that "the word from the Fed heads" is that "Spain exiting the euro is doable."  VERY interesting.  What does the Euro (as in the currency) look like without Spain?  VERY small in my book.  How about to all you "hooter lovers" out there?

Sat, 06/19/2010 - 11:13 | 422584 Anarchist
Anarchist's picture

Does anyone watch Fox Biz? I watch CNBC for giggles. The whoppers coming out of Kudlow's and Cramer's pieholes are priceless. I remember back when those two clowns had a show together. They were discussing a "great" man in Wall street finance who had personnally contributed a billion dollars to the IDF. I don't remember the guys name but I suspected he was stealing from his company and it's clients. In most parts of the world this would be a crime and possibly treason. Not in this country.... 

Sat, 06/19/2010 - 11:22 | 422593 Quinvarius
Quinvarius's picture

That was some seriously homoerotic wing nut reporting.

Sat, 06/19/2010 - 11:24 | 422599 Inspector Asset
Inspector Asset's picture

as seen on the

Lawerence Summers told "Lose the weight or lose the job!"

The Obama administration, in an attempt to crack down on obessity nationwide has issued Executive Order 652671 entitled "Lifestyle Health Modification." Among many of the groups the law aims to fix, including drug addicts, mentally ill, smokers, and the parnoid lot (who think the choppers are following them), the Obama Adminstration is targeted fat, lazy(sleepy) politicians who seem to be buldging above the collar. Lawerence Summers was ironically turned in by one of his interns, shortly after the Executive order was passed over the weekend. Although the law was passed to target the population at large, Lawerence Summers was an easy target. With the empty boxes of Krispy Cream donuts piling up on his desk. The intern felt is was the right thing to do as Summers donut obession could no longer be denied or rationalized away. The breaking point came last week when Summersd fell asleep at the World Econimic forum. It wouldn't have been a big deal other than he was the main paid speaker for the event. It appears that even the $5 million given to him for the speech, it was not enough to keep him awake. It appeared he crashed from the sugar high and all he could think about was the next box of Krispy Donuts.
Sat, 06/19/2010 - 11:29 | 422604 Turd Ferguson
Turd Ferguson's picture

Some wisdom to ponder over the weekend:


The Parable of The Mexican Fisherman And The Banker

An American investment banker was taking a much-needed vacation in a small coastal Mexican village when a small boat with just one fisherman docked. The boat had several large, fresh fish in it.

The investment banker was impressed by the quality of the fish and asked the Mexican how long it took to catch them. The Mexican replied, "Only a little while." The banker then asked why he didn't stay out longer and catch more fish?

The Mexican fisherman replied he had enough to support his family's immediate needs.

The American then asked "But what do you do with the rest of your time?"

The Mexican fisherman replied, "I sleep late, fish a little, play with my children, take siesta with my wife, stroll into the village each evening where I sip wine and play guitar with my amigos: I have a full and busy life, senor."

The investment banker scoffed, "I am an Ivy League MBA, and I could help you. You could spend more time fishing and with the proceeds buy a bigger boat, and with the proceeds from the bigger boat you could buy several boats until eventually you would have a whole fleet of fishing boats. Instead of selling your catch to the middleman you could sell directly to the processor, eventually opening your own cannery. You could control the product, processing and distribution."

Then he added, "Of course, you would need to leave this small coastal fishing village and move to Mexico City where you would run your growing enterprise."

The Mexican fisherman asked, "But senor, how long will this all take?"

To which the American replied, "15-20 years."

"But what then?" asked the Mexican.

The American laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich. You could make millions."

"Millions, senor? Then what?"

To which the investment banker replied, "Then you would retire. You could move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."

Sat, 06/19/2010 - 11:37 | 422609 Horatio Beanblower
Horatio Beanblower's picture

Poor Tony...


LONDON (AP) -- BP chief executive "Tony Hayward, often criticized for being tone-deaf to U.S. concerns about the worst oil spill in history, took time off Saturday to attend a glitzy yacht race off England's Isle of Wight.

Spokeswoman Sheila Williams said Hayward took a break from overseeing BP efforts to stem the undersea gusher in Gulf of Mexico to watch his boat "Bob" participate in the J.P. Morgan Asset Management Round the Island Race."

Sat, 06/19/2010 - 12:04 | 422616 Brett in Manhattan
Brett in Manhattan's picture

Why wouldn't you watch these channels to see hot women?

It's not like you're gonna get any useful investing advice.

Sat, 06/19/2010 - 11:59 | 422623 aint no fortuna...
aint no fortunate son's picture

Uh oh, where'd the video go? Faux censorship or a court order from CNBS?

Sun, 06/20/2010 - 10:55 | 423514 Johnlaw2012
Johnlaw2012's picture
Germany and France examine 'two-tier' euro Germany and France are examining ways of creating a "two-tier" euro system to separate stronger northern European countries from weaker southern states.
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