As Korean Bank Run Accelerates, Financial Services Chairman Deposits $17,864 To Demonstrate All Is Well

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Mon, 02/21/2011 - 18:55 | 983148 Thorny Xi
Thorny Xi's picture

Who lost won?

Mon, 02/21/2011 - 19:12 | 983199 unwashedmass
unwashedmass's picture


yeah, i think Bennie Boy can ease off the gas pedal now......i mean with oil over $100, well, i think we'll see that "little inflation" he's been gunning for...

its all good....

its all good peasants....

Mon, 02/21/2011 - 20:24 | 983498 duo
duo's picture

I wanna know if the ATMs will be working at the airport when I get there next Wednesday.

Bringing a couple of Krugs just in case.

Mon, 02/21/2011 - 18:57 | 983154 cossack55
cossack55's picture

Which, of course, begs the question: Who is related to Bang Dea-ho?

Mon, 02/21/2011 - 19:17 | 983218 Caviar Emptor
Caviar Emptor's picture

Sooky Dong Kwack

Mon, 02/21/2011 - 18:59 | 983156 Bastiat
Bastiat's picture

Kim Seok-dong (not related to Bang Dae-Ho)


Mon, 02/21/2011 - 18:58 | 983157 Ragnarok
Ragnarok's picture

Kim Seok-dong? Seriously, I think the elites are messing with us.

Mon, 02/21/2011 - 21:10 | 983654 dark pools of soros
dark pools of soros's picture

long time? or is she short?

Mon, 02/21/2011 - 21:26 | 983698 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

For 5 dollar.

Mon, 02/21/2011 - 19:00 | 983165 RobotTrader
RobotTrader's picture

Might as well start printing won hand over fist.

Everyone is going to start looking at The Ben Bernank as the example of how to bail out a financial system and immediately launch a 100% increase in stock indexes.

Mon, 02/21/2011 - 19:08 | 983186 lieutenantjohnchard
lieutenantjohnchard's picture

which is why your market wisdom told you to short oil, gold and silver. and yet we are to believe using your wisdom you were able to make enough money in the market to "retire."

btw: the old scroomer as you call him - gentleman jim sinclair - sends his regards. i think he said he might send you a 1 oz gold eagle for the spanking you gave him for being a gold bull during a money printing regime. said he learned a lot from the old catfish mouth.


Mon, 02/21/2011 - 19:11 | 983196 lieutenantjohnchard
lieutenantjohnchard's picture

silver $34.12. scroomers of the world: unite!

Mon, 02/21/2011 - 19:23 | 983263 RobotTrader
RobotTrader's picture

Heh, I was never short anything. Like I said, I don't short until the Summation rolls over.

And I got plenty of gold and silver, the most recent stash bought from YOU when you threw in the towel last month along with the other CIGA's who got rolled by the PigMen.


Mon, 02/21/2011 - 19:46 | 983358 lieutenantjohnchard
lieutenantjohnchard's picture

hey catfish mouth, speaking only for myself i can assure you that i still have all my silver and gold, which is my only investment. i have a thesis by which i invest. i don't change with the wind.

btw: brief question while i have you on the line:

which infamous zh'er said the following?

1) "No doubt, JPM pocketed billions on its silver shorts, as it always does."

2) jpm doesn't have a short position in silver. it's a myth.

if you said yourself then you are correct. go buy yourself a wind dial so you'll know which way the wind is blowing for your investing thesis of the day.



Mon, 02/21/2011 - 21:50 | 983776 dark pools of soros
dark pools of soros's picture

he sleeps downwind of the bernaks farts

Mon, 02/21/2011 - 22:01 | 983819 topcallingtroll
topcallingtroll's picture

so why do you call him catfish mouth?

Mon, 02/21/2011 - 20:48 | 983587 Fearless Rick
Fearless Rick's picture

Hey, RT, I'm thinking of going long butt plugs and heard you're an expert. Any ideas? Enemas?

Mon, 02/21/2011 - 21:59 | 983814 topcallingtroll
topcallingtroll's picture

rude boy prostate massagers are prefered by 9 out of 10 guys with prostate "problems" who try "internal massage."

Sold at your local sex shop and near you!

Butt plugs are so ancient!  Pretty soon they will have robot massagers that will crawl up your ass.

Mon, 02/21/2011 - 22:30 | 983935 Iam_Silverman
Iam_Silverman's picture

"Pretty soon they will have robot massagers that will crawl up your ass."

Ewwwww, mechanized gerbils.  Yuck.  What would you wash them with?

Mon, 02/21/2011 - 23:41 | 984158 StychoKiller
StychoKiller's picture

Um, WTI?

Mon, 02/21/2011 - 21:57 | 983802 taraxias
taraxias's picture

@ RoboTroll


I call bullshit.

Whatever credibility you thought you may have had on here just went out the window with your last post.


I almost forgot, Alf sends his regards.



Tue, 02/22/2011 - 00:23 | 984269 mogul rider
mogul rider's picture

Ok that's not nice


say you're sorry

c'mon we are all fuckheads around here and if you can't back a fuckhead bro



then we have a problem


just saying

Tue, 02/22/2011 - 01:07 | 984363 disabledvet
disabledvet's picture

perhaps a currency backed by Kia?  i sense "zero percent financing" washing ashore.  Can a "take out" by GM be far behind?

Mon, 02/21/2011 - 19:02 | 983167 DonutBoy
DonutBoy's picture

Well now,  Tuesday should be an interesting day for our central price bureau. Let's see, on the To-Do list we  have:

1) Close Green with oil over $100

2) Mouse-click some money to selected friends to keep XAU under 1400 and XAG under 35

3) Announce new international commitment to Korean banks, because no one defaults ever

I'll bet they're already at work those busy beavers!

Mon, 02/21/2011 - 19:03 | 983170 Mae Kadoodie
Mae Kadoodie's picture

One korean was just quoted as saying, "  I deposit $30 million won and the bank gave me this toaster.  But I cannot afford to buy the bread."

Tue, 02/22/2011 - 00:24 | 984272 mogul rider
mogul rider's picture

Now that my friend is 'flation'


not sure exactly what kind but definitely flation

Mon, 02/21/2011 - 19:03 | 983173 Yen Cross
Yen Cross's picture

 Hey did any one catch that 40 pip spike in usd/jpy just before swaps? Short covering? DXY is holding those high 77's pretty well. DOW cfd's are off 73.45 and SPX CFD's are off 11.36.

Mon, 02/21/2011 - 21:55 | 983795 topcallingtroll
topcallingtroll's picture

I think we have seen the low in the dollar for a while.

Mon, 02/21/2011 - 19:06 | 983182 Cognitive Dissonance
Cognitive Dissonance's picture

And Gold is off and running in the overnight session. Now at $1,408.80 and counting.

Mon, 02/21/2011 - 19:19 | 983231 seek
seek's picture

Silver too, both went vertical right at 1800, someone must have been waiting to buy.

Mon, 02/21/2011 - 19:19 | 983241 Caviar Emptor
Caviar Emptor's picture

The Herbert Hoover moment: classic too little, too late

Mon, 02/21/2011 - 19:27 | 983284 umop episdn
umop episdn's picture

'Zactly. Didn't some rich dude buy 10,000 shares of US steel during the Crash of '29, which had no discernable effect back then? Won't work this time, either.

Mon, 02/21/2011 - 19:25 | 983267 YHC-FTSE
YHC-FTSE's picture

If this shows anything, it proves the old adage that the savings bank business model is piss poor (If run honestly). It's a low margin business and like the rest of them can take a cashflow dent in bad times.

I noticed that the S.Koreans like to keep cashier's cheques issued by various banks for rainy days instead of depositing them - they can literally be used anywhere in the country like large denomination cash notes, so a bank run seems a bit odd. 

Mon, 02/21/2011 - 19:59 | 983402 chump666
chump666's picture

There is an analyst from Korea, she predicted this a while back.  Sth Korean banks are underfunded risk engines.

Can't wait for China to go next...there only thing keeping Portugal alive and Spain.

Asia's liquidity crisis is upon us.

Mon, 02/21/2011 - 20:16 | 983460 laughing_swordfish
laughing_swordfish's picture

+ 100

Mon, 02/21/2011 - 20:23 | 983491 chump666
chump666's picture

yep watch China suck liquidity out of their system...

Tue, 02/22/2011 - 04:12 | 984504 Non Passaran
Non Passaran's picture

How can there be one when they print all they want? U.S.-style stagflation is much more likely in bubblicious Asian economies.

Mon, 02/21/2011 - 20:14 | 983454 penisouraus erecti
penisouraus erecti's picture

Apparently they don't sell enough latte over there

Mon, 02/21/2011 - 20:19 | 983471 dick cheneys ghost
dick cheneys ghost's picture

bank of america nighmare mortgage story. i dont know have these crooks get away with this shit.



Mon, 02/21/2011 - 20:31 | 983522 bankruptcylawyer
bankruptcylawyer's picture

kim suck dong? really?

Mon, 02/21/2011 - 20:44 | 983573 mcguire
mcguire's picture

tyler et al, i am very proud of you for acknowledging, with the hat-tip to the Marsians, the very real fake-UFO ploy that is about to unfold as TSHTF..  disclosure: long popcorn..

Mon, 02/21/2011 - 21:32 | 983719 mcguire
Mon, 02/21/2011 - 20:47 | 983581 MacHoolahan
MacHoolahan's picture

Excellent! having patiently held off the deck-chair and fridge of beers for about 26 months I can finally sense panic in the the ranks of the Ponzi inflaters.


Got the food, got the fuel, got the gun.

Mon, 02/21/2011 - 21:54 | 983788 topcallingtroll
topcallingtroll's picture

If the rest of the world stays scared and jittery it won't hurt the dollar.  Bennie can qe a lot longer  because liquidity preferences will change.

sure gold and silver may benefit more.

Mon, 02/21/2011 - 22:53 | 984020 chump666
chump666's picture

yeah probaly 2-3 mths of bubble s&p and dow...then they sink with the rest

Mon, 02/21/2011 - 22:57 | 984009 mynhair
mynhair's picture

WTF are the Marsians?

Is that like klowns from Canadia?

Mon, 02/21/2011 - 23:45 | 984171 StychoKiller
StychoKiller's picture

Marsian is what Martians call themselves, feel more enlightened now? :>D

Tue, 02/22/2011 - 00:19 | 984260 mogul rider
mogul rider's picture

yo who you calling Klowns


Be careful

we own you

Mon, 02/21/2011 - 22:53 | 984012 mynhair
mynhair's picture

Dupe me, baby!

Tue, 02/22/2011 - 00:17 | 984254 natty light
natty light's picture

Remain calm; all is well.

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