Mike Pento Is Sick Of Dealing With Idiots

Tyler Durden's picture

Correction: he does not explicitly say it, but watch his eyes closely. Also, the man is obviously insane: how can one "not be bullish on government transfer payments." Forsooth, government transfer payments have resulted in an increase of the S&P market capitalization by a few trillion bucks. It is YOU, Mr. Pento, who is the idiot for not believing that the fine upstanding Chairman of the Federal Reserve (and the United Printing Presses of America) will ever stop killing the US middle class at the expense of insiders being unable to sell their stock at what they obviously acknowledge are sky high valuations. If that means Robert Mugabe ends up hiring Tim Geithner as his right hand henchman sooner rather than later, it is truly our loss, Mr. Pento. Our loss.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
ghostfaceinvestah's picture

Pento is awesome.

These are the times that separate the men from the boys.  Easy to be a bear at 666, hard to be a bear at 1060 (the irony in that!!!).

Remember all the people who laughed at Schiff in 2006.

Cheeky Bastard's picture

can someone pull a piece of data on Mike Darda and see which college he attended. He looks like an ivy league douchebag who beats a 5000 $ whore with a curling iron because he can not achieve an erection without having a 10g of coke in him and a picture of a mexican midget wrestler glued to the whores back. And also; Kudlow seems less coke crazy than in the previous clips.

bonddude's picture

Chris Farley party school (lots o' blow), perhaps not that campus. Don't you love how Darda faces reality in the end?

Gilgamesh's picture

Not that one, and minus the blow.

Art Vandelay's picture

So, he's a Big Ten douchebag, who beats a $5 whore with a bratwurst because he can't get an erection without a six pack of Old Style in him and a picture of Brett Favre on the whore's back?


Uros Slokar's picture


Also, just to get a feel for how the world economy really is, how's the import/export business these days?

Art Vandelay's picture

Import and export are both terrible, to say nothing of my architecture practice.

However, the latex manufacturing is holding up well, even in these troubled times...

Paul S.'s picture

He graduated with honors in economics, journalism and public relations from the University of Wisconsin at Whitewater.

Paul S.'s picture

He reminds me of Christian Bale in American Psycho.  Like he would kill you if you had gotten the egg shell background on your business cards.


Patrick Bateman: He was into that whole Yale thing.
Donald Kimball: Yale thing?
Patrick Bateman: Yeah, Yale thing.
Donald Kimball: What whole Yale thing?
Patrick Bateman: Well, he was probably a closet homosexual who did a lot of cocaine. That whole Yale thing.

pigpen's picture

Paul S. - great scene with William Dafoe. Watch out for those yalies and those harvard and princeton boys.

bonddude's picture

Skull and Bones, secret hand shakes and don't turn in Jack the Ripper...and such.

pigpen's picture

Willem - sorry for the spelling error.

Cognitive Dissonance's picture

Cheeky, who's curling iron would Mike Darda be using (his own maybe?) and what's so stimulating about Mexican Midget Wrestlers? :>)

BTW, Darda looked like he was well along snorting that coke.

Brian Griffin's picture

"BTW, Darda looked like he was well along snorting that coke."

And not nearly as entertaining as a drunk Charlie Gasparino. 

Gilgamesh's picture

Actually, it looked like a painfully sedate interaction - opposed to the usual demeanor.

pigpen's picture

CB, will you marry me? My lunch is all over my keyboard. Rapacious lexicon. Love it.



Cheeky Bastard's picture

a) NO

b) are you even a non-surgical she

c) WTF is up with all the marriage proposals im getting here ...

Cognitive Dissonance's picture

It's the face Cheeky that's turning everyone on. Have you seen your picture lately? Drives men and women wild.

Hephasteus's picture

He asks everyone to marry him.

Gilgamesh's picture

CB, you couldn't be more off-base on this one.  Except for the Kudlow part, that is spot on.

Cheeky Bastard's picture

how am i off base; darda has a striking percentage in the area of .004 on his calls over the past 2 yrs. And whore, blow mexican midget was just speculation 

DrPsycho's picture


        CB, your use of understatement is nothing short of brilliant.......

lizzy36's picture

michael darda proving that sometimes violence is the answer.



deadhead's picture

reminds me of the recent expose how the extreme majority of economists will have a difficult career path if they are critical of the Fed.

didn't they say that darda is an economist?

Gilgamesh's picture

Yes, and you are correct about the influence in the profession.  Especially when your mentors walk blindly over the cliff but never realize or admit they have done so.

Gilgamesh's picture

Mike is someone you wouldn't want to end up coming to blows with.  Never one to throw first, but also never one to avoid conflict.  I'd actually like to see Chaz get into it with him sometime in person, to see if the skills are still there.


It is a shame the over-reliance on historical business cycles he still sticks with in the modeling of this faux economy.  He's much better than this, and has been in the past - before completely missing it on the last collapse (no small error).

long-shorty's picture

Mike Darda is sharp and insightful. The real story here is that the bear was calling for trouble sooner, and Darda for trouble later. I thought he was pretty balanced. Not sure why that makes him a whore-beating, coke-snorting dummy. But hey, he's probably got more money and a prettier wife than most of the posters who just bashed him, so why not hate him?

WTF is wrong with you people? Do you want every analyst to be walstreetpro?

Gilgamesh's picture

I should clarify which Mike I referred to - Darda.  Overlooked the fact that this post started with another Mike in the title.  I don't know Pento other than seeing his clips, but I agree with him in this case.


I think Wallstreetpro and MD have a lot more in common than anyone here would guess.

Daedal's picture

<double post> sry.

etrader's picture

Holy smokes what next :eek:

John L. Perry
"There is a remote, although gaining, possibility America's military will intervene as a last resort to resolve the "Obama problem." Don't dismiss it as unrealistic. 

America isn't the Third World. If a military coup does occur here it will be civilized. That it has never happened doesn't mean it wont. Describing what may be afoot is not to advocate it."



bonddude's picture

Total ripoff of "Seven Days In May" 1962

Kirk Douglas

Burt Lancaster

and many more...

Anonymous's picture

Oh, it's happened here...

TwoJacks's picture

I don't even need to watch this. Michael Darda is a hack!

lizzy36's picture

looking @ pisani and epic ass bartiroma

wtf happend to simon hobbs? intelligence combined with a voice that doesn't grate on my nerves. only cnbc could have fucked that up....


Cognitive Dissonance's picture

Lizzy, two posts in two days about Simon Hobbs. I think you have a crush. Though I agree that Simon seems somehow different...er better, which explains the quick hook he got from CNBC.

BTW Pigpen's been looking to ask you out on a date but he thinks he's too dirty for you. Say it ain't so Lizzy, say it ain't so. :>)

etrader's picture

Simon Hobbs is famous for attending the Berlin Love  parade ;-)

I like Simon's style, he's was great when he was lead on Euro Close.

Simon and "Porn Star" Mrs Drury should be US closing bell's line up!

bonddude's picture

He sure ripped asses on Fast Money a few

days back. Slammed the Fed, Monetary Policy, etc... . They are gonna have to give him something to "reconsider" things.

Hrundi V. Bakshi's picture

it's not in cnbc's nature to better itself. good is bad and bad is good, case in point DK, kudlow and Capitan JC.

lizzy36's picture

sucker for intelligence, the voice (if only they had rosetta stone product so one could learn a proper british accent) and that often under appreciated "pot stirring" skill set. 


HEHEHE's picture

Darda was claiming in spring and summer of 2008 that the place to be was stocks as we would have a rebound in the second half of the year.  Great call moron.  He is doing the same thing now.  He's a broken record "stocks, stocks, stocks".

Moreover, even if we get a positive GDP # in the 3rd quarter it's clearly an anomaly based on government intervention and not growth.  It will soon be followed by a second dip down that absent another government "stimulus" will lead to another tailspin in the markets.

deadhead's picture

Darda was claiming in spring and summer of 2008 that the place to be was stocks as we would have a rebound in the second half of the year.  Great call moron.  He is doing the same thing now.  He's a broken record "stocks, stocks, stocks".

perhaps he is gunning for a job at bac/ml as bianco's second in command suckup.

ghostfaceinvestah's picture

Got this from Grayson this morning.

Hi Ghostfaceinvestah,

With the banks looking everywhere for an opponent to bankroll, I need your help today to show them we'll be ready. Can you help?

Last Friday, when we held our first hearing on HR 1207, the bill to audit the Federal Reserve, I knew I was doing the right thing.

That's why I wasn't afraid to ask Fed General Counsel Scott Alvarez "whether it is within the Federal Reserve's legal authority to try to manipulate the stock market or the futures market."

I also knew that I was making a large number of people -- people who have benefited from the Fed's refusal to tell me or any other member of Congress which banks got their money -- pretty angry.

When you speak the truth about what needs to be done to fix the current mess we're in, you make a lot of friends. But you also make a lot of enemies.

And those opponents have put a big target on my back in 2010.

Will you help me fight back by making a contribution to my campaign before the September 30 fundraising deadline?

To give you a sense of the power of these banks, just look at what happened earlier this year. In June, the Wall Street Journal reported that a coalition of financial firms and trade groups donated $286,000 to the campaigns of members of the House Financial Services Committee in the first quarter!


They no longer liked an accounting rule that required them to report billions of dollars of losses on the mortgage securities that helped create our current mess. The banks and their deep pockets won, getting members of Congress to push for a change in industry accounting standards. The results were fatter "profits" for the banks in the second quarter.

These firms haven't given a dime to me because I don't abide by the pay-for-play rules of Washington.

Instead of the banks, I need to turn to you for support. Please contribute to my campaign to help me fight against the sick pay-for-play culture of Washington.

The big banks are going to bankroll my opponent to the tune of millions, because let's face it, I'm the kind of Congressman who causes them too much trouble.

I need your support to show any potential opponent that standing up to the wheels of power may have made me some enemies -- but that my friends will be fighting with me every day.

Please make a contribution to our campaign before tonight's crucial midnight deadline.

Thank you for your support.

Alan Grayson
Member of Congress

Assetman's picture

Did that come from a .gov address this time?

lookma's picture

No, just like the last one it came from

It also said:

Paid for by Alan Grayson, Democrat, for U.S. Congress
FEC #C00424713

Anonymous's picture

Jane Hamsher loves her some Grayson, huh? I hadn't heard from/about her since Ned Lamont flamed. Glad to see she is supporting progressives with stones for a change.

greased up deaf guy's picture

yeah, those mass e-mails can get quite expensive.  lol

Anonymous's picture

Only a 286 grand payoff in one quarter to get that FAS 157 MTM "emergency suspension " done ??

Damn, the Banksters made billions and bought mountains of time to stay alive getting that voodoo accounting approved. All the CongressCritters had to do was waterboard FASB while the SEC was off in the bathroom puking on too much Madoff.

You'd think our honorable representatives in the House Finance Committe would have some dignity and demand much more from the Banksters ..... off line, so to speak.

Ooops......silly me. They probably already thought of that.