This page has been archived and commenting is disabled.

Here Are Today's Very Unhappy Campers

Tyler Durden's picture




 

We posted the largest holders of BP stock previously, but, heck, we'll do it again, just for shits and giggles. We dare our readers to spoof Goldman/State Street/BoNY's repo desk phone number and call any of these deep value investors. Over under on straight to voicemail is at 100%. (p.s. spoofing phone numbers is illegal so now that you know what to do, don't do it).

And due to popular demand here is RIG...

DO...

And APC

Bottom line: Bob Doll heart oil.

via CapIQ

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/09/2010 - 15:49 | 404149 etrader
etrader's picture

Doesn't look pretty for some of UK's "part" nationalized banks RBS & Lloyds

Wed, 06/09/2010 - 15:59 | 404210 Sudden Debt
Sudden Debt's picture

These english guys sure do like oil. I thought this oil thing was a all American thing.

Better start shorting the pound again? :)

Wed, 06/09/2010 - 16:05 | 404231 Arco
Arco's picture

Looks like a lot of pension fund money to me...

Wed, 06/09/2010 - 16:14 | 404257 Crummy
Crummy's picture

There's no better way to wind up the toy soldiers on your behalf than to sell them a pound of your flesh at a discount today in case shit goes south tomorrow.

That's the difference between a hedge and a hedgerow.

Wed, 06/09/2010 - 16:17 | 404269 primefool
primefool's picture

Yeah pension money - so no big deal - they'll just go crying to the govt and get bail out dough - umm - that would be dough from us - those that were prudent investors and managed tp preserve some dough - yeah that dough .

Wed, 06/09/2010 - 16:43 | 404360 trx
trx's picture

When there's counterpart's to be found - we'll be there.

When there's trade to unwinde - we'll be there.

When there's chapter 11's to be filed - we'll be there.

 

NBIM - wasting money for future generations

 

 

Wed, 06/09/2010 - 18:18 | 404594 thomas pain
thomas pain's picture

we'll see what pensions, funds, banks, and soverign orgs hold the bag on BPs default swaps. its going to be a rough one bailing out the entire financial system once the 4th largest company swaps go mark to market

Wed, 06/09/2010 - 16:20 | 404279 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I've noticed a lot more rhetoric on more 'mainstream' sites about "if you hurt BP, you're hurting pensioners and widows". This is but a slice of the big picture, which is: if you have a pension, it is really mark-to-fantasy. It's like trying to fetch your car keys once they've fallen into a lava floe. It's gone man, it's just gone.

As for BlackRock's seemingly dismal choices, I am guessing that mgmt doesn't drink from the same trough they pour this dreck into...

Fri, 07/09/2010 - 12:50 | 404613 velobabe
velobabe's picture

.

Wed, 06/09/2010 - 18:24 | 404614 bugs_
bugs_'s picture

Those pensions are golden handcuffs without the gold.

Wed, 06/09/2010 - 16:33 | 404313 Mako
Mako's picture

A guy on CNBC last week told me BP was a strong buy.  

WTF happened.  :)

"Everyone has a plan until they get hit" - Mike Tyson

Could be information that a nuke may be the only choice, you are talking years to plan something like that.  The company will not exist if that happens. 

 

Wed, 06/09/2010 - 17:07 | 404418 Calculated_Risk
Calculated_Risk's picture

+100 First time I've seen someone quote Tyson... and a good one too!

Wed, 06/09/2010 - 17:38 | 404487 RichardENixon
RichardENixon's picture

Here's my favorite: "That's flabbergastic!"

Wed, 06/09/2010 - 22:38 | 405099 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Turns out, Iron Mike has served up many a great quote:

http://kjkolb.tripod.com/homepage/miketysonquotes.html

Wed, 06/09/2010 - 18:36 | 404644 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

"Everyone has a plan until they get hit" - Mike Tyson

I think the correct quote is: "Everyone has a plan until they get BIT."

Is it just me?

Wed, 06/09/2010 - 19:23 | 404756 Hephasteus
Hephasteus's picture

All they have to do is hold on till elections. Too bad they won't make it.

nom nom nom nom

Wed, 06/09/2010 - 22:25 | 405075 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Off with your ear.

Wed, 06/09/2010 - 16:41 | 404352 Oracle of Kypseli
Oracle of Kypseli's picture

The saddest one is the Scottish widows Fund.

No mercy there.

Wed, 06/09/2010 - 19:01 | 404702 knukles
knukles's picture

They get hit by Tyson, too? 
Or was it only Frank Purdue?
Just hurts so much when I get hit,
Watching the retirement go to shit.

Please help me Barry
And bail me out,
Or I'll vote for another,
Without a doubt. 

Or give me a job
As a GS 16,
Mopping up oil,
New retirement scheme.

Not so large cap anymore,
Micro cap lies just in store,
Bankruptcy filing doubtless comes
Settlement money, I'll get none.

Dry Butt Shave

Wed, 06/09/2010 - 15:50 | 404153 Sudden Debt
Sudden Debt's picture

Tyler, It might also be interesting to see in wich holdings BP also has stock, because when they will need money, these are the first stock they will sell pushing those stocks down.

You think they have stock in drillers, refineries and other oil companies?

Wed, 06/09/2010 - 15:57 | 404200 Sespian
Sespian's picture

Interesting point you bring up.  I'd like to know as well.

Also...Can anyone confirm whether or not Halliburton bought all outstanding stock of Boots & Coots (America's largest oil response clean up company) on April 12, 2010?  If confirmed that is one strange coinkidink...

Wed, 06/09/2010 - 16:01 | 404218 Sudden Debt
Sudden Debt's picture

If that where to be true, the mand should be rewarded

THE MADOFF PRICE 2010!

Wed, 06/09/2010 - 17:01 | 404403 Mesquite
Mesquite's picture

Ahem....

Wed, 06/09/2010 - 18:03 | 404548 seek
seek's picture

Holy crap, this is way past a rumor: http://www.reuters.com/article/idUSTRE63907A20100410

see also: http://www.dailyfinance.com/story/investing/halliburton-snaps-up-boots-a...

In a word, it's confirmed, for $240M, roughly half stock, half cash.

It's hard not to see a conspiracy in everything these days.

 

 

Wed, 06/09/2010 - 17:07 | 404419 New_Meat
New_Meat's picture

@sudden -- Here's link, don't have time now to dig.

http://www.bp.com/assets/bp_internet/globalbp/globalbp_uk_english/set_branch/STAGING/common_assets/downloads/pdf/BP_Annual_Report_and_Accounts_2009.pdf

dang, that green reminds me of my son when he was like 8 weeks old.

- Ned

Wed, 06/09/2010 - 18:18 | 404593 Sudden Debt
Sudden Debt's picture

THX! I'll read tomorrow during lunch :)

Wed, 06/09/2010 - 17:44 | 404500 Gold...Bitches
Gold...Bitches's picture

You believe they have extra money lying around after bonuses to infinity to actually invest in other going concerns?

Wed, 06/09/2010 - 18:47 | 404668 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Don't worry -- they'll make more.

Wed, 06/09/2010 - 20:11 | 404838 MsCreant
MsCreant's picture

So many ways to "make" money, isn't there? 

1. Print/coin.

2. Create electronic data on a computer screen.

3. HFT = skim it off the top of every sale by decimal cents.

4. Charge outrageous fees that are not discussed well on the front end.

5. Manipulate markets and tell your friends what will move where, how, and when. Have them lay some money down on the table for you, too.

6. Front run your own customers' orders.

7. Insert other Ponzi schemes here.

8. Earn a dividend on an honest investment.

9. Earn interest on money lent to compensate lender for risk.

10. Earn it through honest labor.

 

I know, the last three are absurd but they had to be included.

 

Wed, 06/09/2010 - 15:50 | 404154 ZeroPower
ZeroPower's picture

"Scottish widows investment prtnership"

No shit? I thought people who said BP was owned by widows was just rhetoric.

Is there an Orphans LLC which owns BP as well?

Wed, 06/09/2010 - 16:19 | 404278 Sudden Debt
Sudden Debt's picture

+10

HAHA! LOVE IT! :)

VIVA LAS CRAMER! :)

He bought this stuff at 52$ I think "for the orphans" :)

Wed, 06/09/2010 - 16:29 | 404311 Dirt Rat
Dirt Rat's picture

No, widows and orphans stock is a legal concept. The fiduciary (i.e. lawyer) who handles the money for others can be required to invest/hold it in certain equities. These are very conservative investments like utility and treasury bonds and large cap companies with proven records. Some states have a predetermined list of widows and orphans equities. Up until April 20, BP would have been considered rock solid. If the lawyer's fiduciary duties had been called up for review, no judge would have second guessed or penalized the lawyer for holding BP stock as long as the lawyer had diversified the portfolio.

Wed, 06/09/2010 - 15:50 | 404156 jburg4826
jburg4826's picture

Who is on the other side of the CDS trade?

Wed, 06/09/2010 - 16:49 | 404373 Cheeky Bastard
Cheeky Bastard's picture

Probably everyone with half a brain cell since BP is not going BK [you might have some problem with CCs if another downgrade or two occur]. You sell CDS on 100B net notional and hedge yourself when the spread tightens [and I guarantee you; it will tighten] just to lock the profits. But if you want individual names; I will bet you my left nut; DD of UK banks are selling the protection right now [probably under direction of Downing Street 10]. Give Barclays, RBS and maybe even Lloyds a call if you want to know more.

Wed, 06/09/2010 - 15:51 | 404165 Sudden Debt
Sudden Debt's picture

also I think BP will start flooding the market with futures ENRON style on future earnings to try to get their hands on more oil pushing the oil price down.

Wed, 06/09/2010 - 15:51 | 404166 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Teachers Ass.?  Jesus....would someone tell pension funds to wake up already?  The game is over.  It is over.  Go home and spend some time with your families.  Your money has been burned at the alter of the Federal Reserve.  The "Temple" took your wealth and burned it as a sacrifice to their god.

Wed, 06/09/2010 - 15:55 | 404187 Sudden Debt
Sudden Debt's picture

remember 2008? when everybody sold pension funds started to notice there was a crisis.

Speed and Pension funds don't go together.

In there offices they have stickers saying:

Walking at 2miles a hour is speeding!

Speaking is silver, silence is GOLD!

Our office plants don't need whisky like you do!

 

 

Wed, 06/09/2010 - 16:21 | 404273 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

exactly.  pension funds remind me of junk food junkies.

"Run pension funds!  Run for your lives!" Say I.  "I can't I am full of Hamburger!"

Wed, 06/09/2010 - 17:27 | 404462 LeBalance
LeBalance's picture

"You need to be able to pick out the easy meat with your eyes closed." Animals - Floyd

Wed, 06/09/2010 - 23:15 | 405170 floydian slip
floydian slip's picture

and that my friend is a floydian slip :)

Wed, 06/09/2010 - 22:17 | 405058 StychoKiller
StychoKiller's picture

I thought it was: "Silence is Golden, Duct tape is Silver!"

If I didn't know better, I'd say God hates somebody in the UK.

Wed, 06/09/2010 - 15:51 | 404170 Strom
Strom's picture

How much of that is actually owned by those companies, and how much of it is in funds that are owned by 401(k) bagholders?

Wed, 06/09/2010 - 16:23 | 404288 Sudden Debt
Sudden Debt's picture

I even gets worse. A lot of these funds are part of "Smart Funds" owned and sold by European banks.

I actually have 3 of these funds that contain 4 funds out of the list.

ING, KBC, AEGIS, BNP and DEX are the first I know that have these.

 

Wed, 06/09/2010 - 15:52 | 404172 Leo Kolivakis
Leo Kolivakis's picture

Norway's Global Pension Fund is huge, but you'd think they have enough exposure to oil. :)

Wed, 06/09/2010 - 16:53 | 404386 trx
trx's picture

Of a total NOK 2,7 trillion, more than 10% is invested in the PIIGS countries. (bonds and equities)

Nearly 50% is invested in chinese equities. Finacials, Oil&Gas and consumer goods. (pluss additional bonds).

And because of its size, it can't sell stuff too fast...imagine the impact on the market if the fund dumped all its chinese equities at once....

 

Wed, 06/09/2010 - 17:17 | 404437 LMAO
LMAO's picture

 

Norway's Pension fund is mainly run by a fascist regime consisting of clueless politicians who pay shitloads for advice to the same people who are ripping them off. 

Fortunately they have stumbled over a bag of gold (oil) and as long as the sheeple aren't aware of the hand behind the curtain drawing them deeper into the fascist cesspool and the monopolistic schemes they deploy it's business as usual.

They have soooo much money that they just can't put any of it to good use because they are afraid they'll create inflation.

 

The only thing left is to burn it in the equity casino and have their financial cronies being paid handsomely on the transactions.

 

LMAO

Wed, 06/09/2010 - 19:35 | 404785 trx
trx's picture

Wow ! That's some amazing insight....

Unfortunatly I'll have to agree with you on most issues:

* Clueless politicians. There's supposed to be an independent oversight committe for the Pesion Fund, but they openly admit that they don't understand a shit of today's financial markets, and how the fund really operates.The politicians come and go, and seldom have a strategy that goes further than two years.

* Norway's oil wealth is pure dumb luck. But over a periode of 50 years, the people in the business have become some of the most skilled in the industry. However, the politicians who, in fact, are in charge of the States operations relay on advisors (also called "lobbyists") when making their decisions. The Norwegian oil industry looks very defferent through the eyes of politicians, than through the eyes of the people in the industry itself. The whole scheeme is run by special interests, but you can hardly call it a conspiracy.

* And yes - Norway - after developing a highly competative oil producing industry to transform the oil into money - they don't really have a clue what to do with it. Quite a paradox. They really can't pump all of it into the economy. Some have seriously suggested that they should give it all away...

* And sadly, they've decided to burn it in the equity casino instead (after selling all their gold in the mid 70's).

 

Imagine having a party going for 50 years.

Then - the hangover...

 

By the way; here's some of the latest news from the Norwegian Government Pension Fund, and an example of the current investment strategy:

"Pension funds urge chocolate industry to end child labour"

 

 

 

 

 

 

Thu, 06/10/2010 - 08:03 | 405548 LMAO
LMAO's picture

Thx for the input trx

As to the following: "The whole scheme is run by special interests, but you can hardly call it a conspiracy"

 

Maybe I didn't make myself clear but the remark:

"as long as the sheeple aren't aware of the hand behind the curtain drawing them deeper into the fascist cesspool and the monopolistic schemes they deploy it's business as usual"

Was not intended to refer to an ongoing conspiracy.

We can easily draw parallels between todays' Wall Street cronyism and the robbing of the taxpayer in broad daylight. It's blatant and no attempts are made to hide it from the public. There seems to be so much complacency that nobody seems to give a flying fcuk.......Until it's too late that is.

 

My best guess is that 99.9 % of the Norwegians are happily ignorant about what is going on. "Giske" openly rallying the fascist troops by creating special interest groups of "The filthy rich" to loot the taxpayer. Having people like Berg-Hansen in a gov. position where she can decide on the rule of law for her own company is quite mind-boggling.

Examples are plentiful. Norway, as being the last Soviet State in the world (Björn Rosengren, may be right afterall), is rapidly embracing fascism. It's written all over the place but nobody is reading.

 

LMAO

Wed, 06/09/2010 - 15:53 | 404173 Joe Shmoe
Joe Shmoe's picture

Pretty much every fund company I've ever used.

Wed, 06/09/2010 - 15:54 | 404174 Cognitive Dissonance
Cognitive Dissonance's picture

1-800-OIL-SPIL

Wed, 06/09/2010 - 15:53 | 404178 Internet Tough Guy
Internet Tough Guy's picture

Madhedgefundtrader may have to sell his foreskin loafers to meet his margin call. He said buy RIG a week or so ago.

Wed, 06/09/2010 - 15:55 | 404194 Cognitive Dissonance
Cognitive Dissonance's picture

Do I even want to know about foreskin loafers?

NO, never mind. I didn't ask and I don't want to know.

Wed, 06/09/2010 - 15:59 | 404207 Internet Tough Guy
Internet Tough Guy's picture

From kobe-beef fed italian infants.

Wed, 06/09/2010 - 16:07 | 404233 Cognitive Dissonance
Cognitive Dissonance's picture

No no no. Please stop.

It was worse than I thought. :>)

Wed, 06/09/2010 - 16:42 | 404349 DoChenRollingBearing
DoChenRollingBearing's picture

Ow!  Ow!  Pobrecitos esos bebitos italianos!

Wed, 06/09/2010 - 16:55 | 404383 Cognitive Dissonance
Cognitive Dissonance's picture


Ow! Ow! Those poor little Italian babies!

Brought to you by Google translate.

Wed, 06/09/2010 - 17:29 | 404468 LeBalance
LeBalance's picture

oh and me just having a less than totally amusing day!

no keyboard loss, yet.  Roflmao: a given.

Wed, 06/09/2010 - 18:54 | 404684 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

WOW!  That packs a lot of sting.  I'm ashamed of myself how funny I think it is.

Wed, 06/09/2010 - 16:03 | 404225 repete
repete's picture

If you rub them they turn into snowshoes!

Wed, 06/09/2010 - 16:24 | 404293 Sudden Debt
Sudden Debt's picture

are those the once that turn into a sleeping bag if you rub them?

Wed, 06/09/2010 - 16:35 | 404333 edwardscpa
edwardscpa's picture

I have a pair and they suck.  They're either stiff as a board or too floppy to stay on, and when it's cold out they're 3 sizes too small.

Wed, 06/09/2010 - 16:16 | 404261 ZackAttack
ZackAttack's picture

OK, this is the best laugh I've had all day.

Except for BlackRock's jailhouse honeymoon today, of course.

Wed, 06/09/2010 - 15:53 | 404180 thesapein
thesapein's picture

Doesn't number one on that list (Blackrock) own number three (State Street)???

Wed, 06/09/2010 - 15:55 | 404193 Joe Shmoe
Joe Shmoe's picture

I can't keep the State Streets straight.  There's State Street GLobal Advisors (mutual funds) and State Street Bank (clearing or something like that)

Wed, 06/09/2010 - 16:36 | 404336 thesapein
thesapein's picture

I wonder if they even know.

Wed, 06/09/2010 - 17:02 | 404407 Greater Fool
Greater Fool's picture

SSgA had over $900 billion in equities alone under management at the end of Q1. Almost all of it is passively managed, meaning there's no discretion about portfolio construction anyway.

It looks from this as though BP is about 30 basis points of those total assets. Serious, but hardly breathtaking.

Wed, 06/09/2010 - 16:02 | 404222 MsCreant
MsCreant's picture

Incest. This is why they will fall big, bad, and hard. Derivatives are a product of too much inbreeding. The regulatory folks, the lawmaking folks, the corporations, all products of too much incest. 

Wed, 06/09/2010 - 16:17 | 404266 Kali
Kali's picture

What happens when no one else will play with you.  :)

Wed, 06/09/2010 - 16:37 | 404340 thesapein
thesapein's picture

and cannibalism.

Wed, 06/09/2010 - 17:37 | 404484 LeBalance
LeBalance's picture

Please tell me that Diana isn't in Buckingham's 3rd freezer.  Only for special holidays and always referred to as "House" "Ham."  Sort of homage to the Sin of Ham.  It's not that way, right?

Everyone has seen the royals connection videos by now (Royal Dragon Bloodline series) and they are blood to the US elites in Politics, anyhow.

These are the other party.  Those who want to keep it all for themselves.  That want to play with no one and that no one wants to play with.

Love of money is the root of all evil.

Wed, 06/09/2010 - 15:55 | 404190 b_thunder
b_thunder's picture

$6.5Billion in March for BlackRock?    and no it's exactly half of that!    I bet I'll be seeing Bob Doll 17 times a day on CNBC,  declaring  his bullishness!

 

 

Wed, 06/09/2010 - 16:06 | 404232 Overpowered By Funk
Overpowered By Funk's picture

You'll never see Bob Doll and Abbey Joseph Cohen in the same room together. Never!

Wed, 06/09/2010 - 16:10 | 404245 Cognitive Dissonance
Cognitive Dissonance's picture

Please, no more. What an image to have floating endlessly around my brain. I can see them both morphing back and forth.

Kill me now.

Wed, 06/09/2010 - 17:42 | 404493 LeBalance
LeBalance's picture

"Contract Submitted and Accepted.  Address known.  Please deposit $1 to register the submission of your application."

careful there with your words sir, some serious service agency might take you up on them.  This has only been a service provided by *instant karma comedy* so no worries, probably.

Wed, 06/09/2010 - 16:21 | 404284 hangemhigh
hangemhigh's picture

Blackrock's (BLK) exposure to the lists above is approx $8B; i've been looking for some reason for BLK's steep sell of since late March and haven't been able to find one.

a 30%+ sell-off by uncle sugar's primary troubled asset manager should be news. 

anybody got anything to say on Blackrock's stock action ??????

Wed, 06/09/2010 - 15:55 | 404192 WineSorbet
WineSorbet's picture

BP = Beyond Phucked

Wed, 06/09/2010 - 22:42 | 405104 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

BP = Bankruptcy Pending

Wed, 06/09/2010 - 15:56 | 404197 ratava
ratava's picture

BlackRock is a lot dumber than i thought. props to BEN (no not that one) and UBS for doing their job.

Wed, 06/09/2010 - 15:58 | 404205 Muir
Muir's picture

And what, we are not closing above 10,000!?

Bummer.

 

Wed, 06/09/2010 - 16:02 | 404224 koaj
koaj's picture

how much leverage you think bob doll is running right now on his BP position

Wed, 06/09/2010 - 16:07 | 404236 Leo Kolivakis
Leo Kolivakis's picture

When BP suspends dividends, watch out! I say they switch out of BP and buy some solars. :)

Wed, 06/09/2010 - 16:46 | 404365 DoChenRollingBearing
DoChenRollingBearing's picture

You may yet be right Leo.  We'll see.  I will listen a little harder to you.

But, it seems to me that there are too many competitors in the solar space.  Too much competition = very small profits.

Or are you just TRADING these?  A technical trader I know speculates in these small solars.

Wed, 06/09/2010 - 17:47 | 404504 chunkylover42
chunkylover42's picture

Interesting notion, but I'm almost inclined to take the other side and buy after they cut/suspend the dividend.  BP has lost $90 billion in market cap, which is more than whatever the ultimate penalties/legal fees/settlements will ultimately be.  The dividend suspension or cut (one or the other has to happen) is pretty much the last big shoe to drop.  At that point all the bad news is in, which means the stock is probably very close to a bottom.  You could argue that we're already pricing in a dividend cut of some degree, so the impact from that news will probably be more muted than otherwise would be the case.  Sounds like a buying opportunity to me.

Wed, 06/09/2010 - 16:07 | 404237 OutLookingIn
OutLookingIn's picture

Looks like Blackrock has a 'Black Eye'. Looks good on them!

Too bad about the pension funds tho. Food stamps. Park benches. Soup kitchens. Convert the kids garage - complete with tomatoe juice can stove!

Wed, 06/09/2010 - 16:07 | 404238 Lets Hang Parliament
Lets Hang Parliament's picture

Well the top three holders are big index funds so are going to hold until the bitter end (which it increasingly looks like it will be...) SWIP is the investment arm of Scottish Widows one of the large UK insurance cos and unfortunately for them part of the Lloyds Bank group...The company was set up in 1815 for the purpose of "providing for widows, sisters and other female relatives of fund holders so that they would not be plunged into poverty on the death of the fund holder during and after the Napoleonic Wars." They have broadened their client base a bit since then...

Wed, 06/09/2010 - 16:08 | 404242 Commander Cody
Commander Cody's picture

Fidelity Investments bought $500M of RIG days after the spill.  What were they smoking?

Wed, 06/09/2010 - 16:27 | 404307 Howard_Beale
Howard_Beale's picture

The same thing Mad Hedge Fund Trader is smoking. And it isn't medically approved in for pain in many states.

Angel dusted. 

Wed, 06/09/2010 - 16:10 | 404244 jkruffin
jkruffin's picture

HAHA,  did you guys just see that on CNN, where the stupid Congresswoman, who is one of the major idiots trying to limit what BP has to pay for cleanup to $75 million, and this lady just fussed her ass out on TV and told her people are tired of being dumped on, and she was taken out of the room.

Why do these fucking politicans get by with this?  Everytime someone stands up and demands answers and changes they get hauled out or tazered under armed guard.  People in this country need to start riots or nothing is going to change.  They are going to continue to rape people everyday for everything they are worth with their stupid laws and ideas and kickback money they get from corporations.  People need to get about 5 million strong in the streets of DC and throw these bums out for good.

Wed, 06/09/2010 - 16:22 | 404286 LoneStarHog
LoneStarHog's picture

The politicians get away with it because until We The People turn our attention to the thugs protecting them it will not end.

Until the most dangerous job globally is that of providing security to politicians/banksters/criminals it will continue.  Until no one wants a job in security because of having to face the wrath of We The People, it will continue.

Wed, 06/09/2010 - 16:29 | 404312 SteveNYC
SteveNYC's picture

In America, we only need to be TOLD that we are "free" and enjoy unsurpassed "freedom" throughout the world, this is good enough for us. We can go on our happy way borrowing money we don't have, working jobs we hate, but being told "we are free" is all we need. If a sheep walks away from the herd, it is Tasered. The other sheep idly stand by.

In certain other countries, they have to fight for it. Some get the shit Tasered out of them, some develop numbers to make the Taser guy ineffective, some just burn the place down. It all depends on how much they have been fucked in the past, and the general mindset, collective consciousness that has developed in that country. Is it worth it? To some, yes.

Tell me then, who is "more free"?

Wed, 06/09/2010 - 17:03 | 404408 Freewheelin Franklin
Freewheelin Franklin's picture

iphone 4gs and LCD TVs for EVERYONE! Who the fuck cares about freedom. All anybody  really wants is a fucking Flash player on their iPad.

Wed, 06/09/2010 - 16:15 | 404259 jkruffin
jkruffin's picture

WOW, JP Morgan and BofA on the hook for Billions of $$

 

Guess, bankers won't be reporting massive profits this quarter.

Wed, 06/09/2010 - 16:18 | 404271 bingaling
bingaling's picture

it is probably OPM they were hired to take care of.

Wed, 06/09/2010 - 16:18 | 404272 jal
jal's picture

When will we know ... when those companies reflect BP's true stock values in their books?

Next Q?

jal

Wed, 06/09/2010 - 16:21 | 404281 Magua
Magua's picture

Blackrock hit the trifecta, CRM as well. I really hope the 80 million the Scottish widows have in the stock is like a <5% position, but am guessing it isn't.

Wed, 06/09/2010 - 16:41 | 404351 Lets Hang Parliament
Lets Hang Parliament's picture

FUM £85bn so <0.5%. The "Widows" can sleep 2nite

Wed, 06/09/2010 - 16:23 | 404285 hellboy
hellboy's picture

I think the elephants will soon start crying if Blackrock keeps on being such a top scorer!!!

http://www.pbase.com/richardshelly/image/124998814

http://www.elephantparadelondon.org/

Wed, 06/09/2010 - 16:24 | 404291 SteveNYC
SteveNYC's picture

Love the Capital IQ screen dumps!!!

Wed, 06/09/2010 - 16:25 | 404295 Magua
Magua's picture

Never mind 148 billion pounds - they are fine

Wed, 06/09/2010 - 16:29 | 404298 Dr. Richard Head
Wed, 06/09/2010 - 16:31 | 404316 Clayton Bigsby
Clayton Bigsby's picture

What was the name of that movie?  "Bad Day at Black Rock"?

Wed, 06/09/2010 - 16:32 | 404321 tao400
tao400's picture

I am always glad to see Bob Doll take one up the ass. How many times did I have to suffer listening to his bullish bullshit before I got to the point that as soon as I saw his face, I just flipped over to bloomberg. Too long!!!

Wed, 06/09/2010 - 16:33 | 404323 Clayton Bigsby
Clayton Bigsby's picture

Wed, 06/09/2010 - 16:39 | 404342 OutLookingIn
OutLookingIn's picture

Just out - more than 6000 lawsuits have been launched against BP!

Wed, 06/09/2010 - 17:03 | 404409 MsCreant
MsCreant's picture

That is only the start.

Wed, 06/09/2010 - 17:19 | 404442 New_Meat
New_Meat's picture

long lawyers - Ned

Wed, 06/09/2010 - 18:10 | 404572 Cognitive Dissonance
Cognitive Dissonance's picture

Bring money, guns and lawyers.

Wed, 06/09/2010 - 16:39 | 404343 Kurtieboy
Kurtieboy's picture

I've said it before and I'll say it again. Stock market will not go up until the hole is plugged.

Wed, 06/09/2010 - 16:41 | 404350 Spitzer
Spitzer's picture

why is everyone here cheer leading the demise of this company ?

especially when allot of people claim to be Benjamin Graham type investors.

Who is going to pay the dividends ?

Wed, 06/09/2010 - 16:42 | 404358 Dr. Richard Head
Dr. Richard Head's picture

Dividends? Those will be suspended.

Wed, 06/09/2010 - 17:21 | 404440 Spitzer
Spitzer's picture

fuck that, its up to the board

did B of A cut ?

Citi cut when it was a penny stock FFS

Wed, 06/09/2010 - 16:56 | 404393 Sudden Debt
Sudden Debt's picture

Because I started shorting BP when it was at 58$ and my puts are up 1130% :)

 

Wed, 06/09/2010 - 17:20 | 404444 Spitzer
Spitzer's picture

yeah yeah yeah, thats the internet for you.

Everyone can claim that they went long financials in March of 09

Wed, 06/09/2010 - 19:11 | 404726 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Why not claim you went long ASHLEY DUPRE in March of 08?

Oh!

Wed, 06/09/2010 - 17:09 | 404420 Treeplanter
Treeplanter's picture

Even tho BP is a big player in the cap and tax scam, I don't care to see Obama scape goat his big donors.  The employees and stockholders are getting trashed along with the big shots.  Of course, the big shots are already set up for life.  Better to trash the idiot in the White House, who couldn't run Piper Palin's lemonade stand.

Wed, 06/09/2010 - 17:22 | 404451 Spitzer
Spitzer's picture

Good point

Im adding it to my list of reasons to BUY NOW

Wed, 06/09/2010 - 22:53 | 405131 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

He'll kick your ass when he sees this post.  Except that he's a gangly doofus, so he'll have one of his taxpayer funded goons do it.

Wed, 06/09/2010 - 16:45 | 404363 Remus
Remus's picture

Large H&S in BP. LS around the year 2000.

Necline around 37.

 

http://chart.finance.yahoo.com/c/my/b/bp?lang=en-US&region=US

Wed, 06/09/2010 - 16:48 | 404371 digalert
digalert's picture

There are some big names with big money there. I wonder how that will affect their political contributions?

Wed, 06/09/2010 - 16:51 | 404379 SmittyinLA
SmittyinLA's picture

I didn't see any public pension funds on the list, somebody ought to run the numbers on taxpayer liability if BP goes bust from litigation, surely most public and private pension funds have large BP exposures.

I'm guessing many local governments are also speculating on questionable clean up efforts assuming BP will reimburse them at 100 cents on the dollar-regardless of their effectiveness (doing nothing may be the best response) which may not be the case.  

Wed, 06/09/2010 - 16:52 | 404382 buzzsaw99
Wed, 06/09/2010 - 17:25 | 404456 Spitzer
Spitzer's picture

They are suing the company they own. That should be good for the share price. Cowards

Wed, 06/09/2010 - 18:13 | 404578 Freewheelin Franklin
Freewheelin Franklin's picture

Right? Who the fuck are they suing, themselves, the other shareholders, management? There's no liability insurance company to sue, BP self-insured.

Wed, 06/09/2010 - 17:13 | 404428 Bruce Krasting
Bruce Krasting's picture

did you happen to notice that the Scottish Widows Investment Fund owns 81mm shares?

We live in a strange world.

 

Wed, 06/09/2010 - 17:13 | 404430 Lucky Guesst
Lucky Guesst's picture

I'm guessing USCAP environmentalists (United States Climate Action Partnership)are doing kartwheels and backflips that BP dropped out of their coalition in Feb.

Wed, 06/09/2010 - 17:47 | 404505 Chemba
Chemba's picture

I sold almost 40,000 shares of SDS in mid Feb-09, shares which I purchased throughout 2008.

I started buying shares the same day I covered; you name it, I was buying it.  It was scary as hell as things continued down.

With all due respect, ZH, Rosie, Maudlin, Faber, nobody was helping with this call

I only say this because to post holder lists of RIG, BP, etc. for some type of scorn is sophomoric and adds nothing of value.

I went long RIG at $45.  We'll see.  You don't make money doing what everybody else is doing, and everybody is selling their RIG (and BP)

Wed, 06/09/2010 - 19:06 | 404710 lizzy36
lizzy36's picture

With all due respect you bought and held a 2x short ETF for over a year?  And you are busting ZH's balls for being sophomoric.

BTW, good luck with rig.  $5B of converts coming due in the next 2 years.

Wed, 06/09/2010 - 19:27 | 404767 Threeggg
Threeggg's picture

Sophomoric Hell, it shows I made the right choice to sell my 401K last year.

The problem is that BP is self insured and as the share price plummets so does the bag of money to pay all these claims. Market Cap is at 91 billion after todays haircut - was 219 Billion before the Blast.

These other companies and their insurance companies will have to fill the gap as their share prices continue to tank as well

It will be a bloodbath  !

Wed, 06/09/2010 - 17:50 | 404513 Chemba
Chemba's picture

the only guy that helped with that call was Prechter, btw

Wed, 06/09/2010 - 22:30 | 405083 StychoKiller
StychoKiller's picture

All right!  Will someone stop this centrifuge already?!  I think my brains are puddled in the back of my head somewhere.

Wed, 05/25/2011 - 17:19 | 1310441 sun1
sun1's picture

you give so many great tips especially since I use word press and the plug-in section of your blog is great. some of the tips i get here I can’t find anywhere else. masters in health administration

Fri, 06/17/2011 - 20:25 | 1379187 sun
sun's picture

Dude, the Star Wars is cracking me up. Thanks for the great post, these are my fav so far. xbox 360 slim

Sun, 06/26/2011 - 10:26 | 1402775 sun
sun's picture

I found lots of interesting information here. The post was professionally written and I feel like the author has extensive knowledge in the subject. Keep it that way sports degree

Sun, 06/26/2011 - 10:30 | 1402779 sun
sun's picture

I found lots of interesting information here. The post was professionally written and I feel like the author has extensive knowledge in the subject. Keep it that way sports degrees

Do NOT follow this link or you will be banned from the site!