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Papandreou Issues Pre-Recorded Announcement: Will Stay, Reshuffle Cabinet, Seek Vote Of Confidence; Long Weiner/Short G-Pap Pair Trade Started

Tyler Durden's picture




 

From Bloomberg:

PAPANDREOU SAYS THAT HE WILL CONTINUE, RESHUFFLE CABINET, SEEK VOTE OF CONFIDENCE

He also says that he has been struggling to save the country and is attempting to reach a national consensus. More importantly, it appears he bluffed when saying he would leave, a decision likely halted as nobody wanted to pick up the live grenade of responsibility.

Kiss bailout #2 goodbye.

From Reuters:

Greek Prime Minister George Papandreou will form a new government on Thursday and seek a vote of confidence from his PASOK parliamentary group, he said in a televised address on Wednesday.

"I will continue on the same course. This is the road of duty, together with PASOK's parliamentary group, its members, and the Greek people," Papandreou said on state television.

"Tomorrow I will form a new government, and then I will ask for a vote of confidence."

What we are confused by is, in order to properly delta hedge a G-Pap/Weiner resignation odds pair trade, whether Weiner should be long or short.

In other rumors, it is speculated that G-Pap is about to tweet a pic of his package and take an indefinite leave of absence.

 

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Wed, 06/15/2011 - 14:52 | 1372088 Id fight Gandhi
Id fight Gandhi's picture

So nothing changes and they're pissung off the angry mob even more. Grab the popcorn this is gonna be fun to watch.

Wed, 06/15/2011 - 15:04 | 1372153 allenaki
allenaki's picture

The "angry mob" you are talking about Mr. Gandhi, are hired agent provocateurs (one of them was arrested today, coming from a foreign country) and some molotov bearing young people who like rioting like this.

These DO NOT represent the Majority of the Greek people.

For 21 days now the Aganaktismenoi Greek Citizens demonstrate in Syntagma Sq. PEACEFULLY, as you can see in all videos, with their families.

But today, this regime used other methods to PROVOKE this Epic Movement for National Independence.

Greece under Mr. Gpap is nomore a Free Country.

Wed, 06/15/2011 - 15:09 | 1372192 SheepDog-One
SheepDog-One's picture

OH right...30,000 protesters are all 'agent provocateurs'...uh huh.

Wed, 06/15/2011 - 15:16 | 1372225 mayhem_korner
mayhem_korner's picture

SD...where ya been all day?  Not munchin' on that shiny Nebraska corn again, I hope.

Wed, 06/15/2011 - 15:21 | 1372238 SheepDog-One
SheepDog-One's picture

Ive been around all day!

Wed, 06/15/2011 - 15:22 | 1372243 mayhem_korner
mayhem_korner's picture

Oh - I must be following different threads.

Wed, 06/15/2011 - 15:25 | 1372244 mayhem_korner
mayhem_korner's picture

dupe

Wed, 06/15/2011 - 16:26 | 1372502 allenaki
allenaki's picture

Exactly. 30.000 protesters for 21 days protesting peacefully, are not agent provocateurs.

But 100 HOODED agent provocateurs plus 1000 or 2000 young dynamic leftists rioting with molotovs are able enough to provoke the whole thing.
It's not their fault, but the mixing with the provocateurs is inevitable under such conditions.
 Watch the video below carefully. And the other fotos and videos. It's official, the police and all parties admitted it.
Identity cards of undercover secret agents were found also on the ground.

Last year during the first big demonstration against IMF in May 2010, molotov bombs were thrown into a bank and 4 bank employees were trapped and have died from the smoke.
Nobody knows who did it, some HOODIED guys suddenly came out of the lines of the demonstrants, and threw the bombs.
Were they silly young leftists, were they provocateurs? ...

Then, the government was able to pass all the austerity measures... Who knows who did it?

After this tragedy, nobody demonstrated, all Greek people kept silent, and now this movement flourishes.

Today the citizens managed to ISOLATE these provocateurs and in the afternoon Syntagma Sq. has calmed (not molotovs and tear gas).

Wed, 06/15/2011 - 18:28 | 1372856 caconhma
caconhma's picture

G-Pap is a traitor to Greece and its people. Greece is just his vehicle to enrich himself.

His best friends are the City of London Jewish banksters (Rothschild, Oppenheimer, Warburg, and Schiff families) and Israeli Zionists.

Please don't forget he is a president of the Socialist International fraud cartel.

Wed, 06/15/2011 - 15:23 | 1372248 EscapeKey
EscapeKey's picture

Not that I advocate violence, but you do realize they don't give a shit about "peaceful protesters", right?

"Those who make peaceful revolution impossiblemake violent revolution inevitable", JFK.

Wed, 06/15/2011 - 15:50 | 1372344 baby_BLYTHE
baby_BLYTHE's picture

I am still waiting for the 'tanks in the streets' moment like Paulson threatened would come if we didn't gift the banks tax payer money.

Wed, 06/15/2011 - 18:08 | 1372783 walküre
walküre's picture

Agreed. The majority of the protesters are peaceful. Few elements are acting up, the usual suspects. But there are paid agent provocateurs in there.

Imagine a large investment group (Soros) shorting the Euro and paying a few clowns to throw rocks and molotovs into the police.

Profitable as can be.

Bottom line is that Greece is overleveraged and underfunded, undercapitalized. Deep cuts are necessary to survive. Take the medicine now and remain a first world country or delay the inevitable and wake up as Albania #2.

I understand Greek frustration, I really do. But I don't side with the Greek that are operating their business and withholding taxes, then expecting their people to be able to retire at 49.

It's absurd to think this can work and it doesn't matter how big the bailout package would be.

Greece needs to wake up to reality before it wakes up to be Albania.

Wed, 06/15/2011 - 15:03 | 1372161 allenaki
allenaki's picture

The "angry mob" you are talking about Mr. Gandhi, are hired agent provocateurs (one of them was arrested today, coming from a foreign country) and some molotov bearing young people who like rioting like this.

These DO NOT represent the Majority of the Greek people.

For 21 days now the Aganaktismenoi Greek Citizens demonstrate in Syntagma Sq. PEACEFULLY, as you can see in all videos, with their families.

But today, this regime used other methods to PROVOKE this Epic Movement for National Independence.

Greece under Mr. Gpap is nomore a Free Country.

Wed, 06/15/2011 - 15:15 | 1372217 TruthInSunshine
TruthInSunshine's picture

If the politicians give in to the banksters, and cede 1 centimeter of Greek soil to ECB, EU, World Bank, IMF or any other entity that isn't truly the embodiment of the actual Greek People, let those 30,000 Greeks become 3,000,000, and wrestle those GREEK ASSETS back, by force if need be.

Hell, III% of Greeks are all that's needed, given true dedication, to repel the bankster vampires.

300 Redux.

ΜΟΛΩΝ ΛΑΒΕ!

Wed, 06/15/2011 - 15:58 | 1372385 Rodent Freikorps
Rodent Freikorps's picture

Then we shall default in the shade.

Wed, 06/15/2011 - 16:32 | 1372507 allenaki
allenaki's picture

THIS IS SPARTA!

Wed, 06/15/2011 - 18:14 | 1372786 walküre
walküre's picture

Ruins, ruins everywhere.

Maybe you're too close to it. But where I come from, you can't just take, take, take.

That's why Greece is bankrupt. Everyone just takes, nobody gives.

Wed, 06/15/2011 - 16:01 | 1372400 Id fight Gandhi
Id fight Gandhi's picture

Do the Greeks want to debt slaves for the rest if existence? Do they want austerity? Should they keep the same losers in charge who keep failing them?

If things pass as the politicians want, ALL of Greece suffers. It's ugly...

Wed, 06/15/2011 - 15:03 | 1372162 edotabin
edotabin's picture

was it recorded in the tunnel?

Wed, 06/15/2011 - 15:10 | 1372193 Urban Redneck
Urban Redneck's picture

the undisclosed location is the next step

Wed, 06/15/2011 - 15:15 | 1372224 UGrev
UGrev's picture

ooh ooh. I bet we find Cheney there too!!

Wed, 06/15/2011 - 15:21 | 1372259 Fox-Scully
Fox-Scully's picture

No Cheney, but Hoffa under the tunnel.

Wed, 06/15/2011 - 15:28 | 1372290 UGrev
UGrev's picture

dupe

Wed, 06/15/2011 - 15:06 | 1372179 edotabin
edotabin's picture

...

Wed, 06/15/2011 - 14:51 | 1372102 allenaki
allenaki's picture

His party fellows and the trade union leaders - WHICH ARE ALL PASOK- drag him.

He remains ANCHORED in the bleeding body of Greece.

Wed, 06/15/2011 - 14:55 | 1372104 hedgeless_horseman
hedgeless_horseman's picture

Papandreou heart attack in 5...4...3...

Wed, 06/15/2011 - 14:55 | 1372105 Josh Randall
Josh Randall's picture

Riot Dog lifts his leg to that idea

Wed, 06/15/2011 - 15:08 | 1372171 cougar_w
cougar_w's picture

Riot Dog ftw

Wed, 06/15/2011 - 15:15 | 1372222 The Fonz
The Fonz's picture

I have never wished to have my photo taken with any celebrity, however, I would love a shot with riot dog, that shit would go right on my desk.

Wed, 06/15/2011 - 15:23 | 1372251 The Fonz
The Fonz's picture

I have never wished to have my photo taken with any celebrity, however, I would love a shot with riot dog, that shit would go right on my desk.

Wed, 06/15/2011 - 14:56 | 1372106 centerline
centerline's picture

Wow.  Default is effectively in progress.

Wed, 06/15/2011 - 15:30 | 1372280 JoeSexPack
JoeSexPack's picture

& then some...

Wed, 06/15/2011 - 14:59 | 1372108 TruthInSunshine
TruthInSunshine's picture

Sorry for the OT - BUT -

Red flag in U.S., bitches and bitchees:

 

No Fly Zone Over Fort Calhoun Nuclear Plant Due to “Hazards

The Federal Aviation Administration issued a temporary flight restriction over the Fort Calhoun Nuclear Power Plant until further notice due to “Hazards”. This would normally be a precautionary measure after an electrical fire disabled cooling for the spent fuel rod pool as outlined below. The question is why is this still in effect?

As reported previously, this facility is surrounded by sand bags as the Missouri River rises.

David DeGerolamo

Electrical Fire Knocks Out Spent Fuel Cooling at Nebraska Nuclear Plant

A fire in an electrical switch room on Tuesday briefly knocked out cooling for a pool holding spent nuclear fuel at the Fort Calhoun nuclear plant outside Omaha, Neb., plant officials said.

The safety of deep pools used to store used radioactive fuel at nuclear plants has been an issue since the accident at Japan’s Fukushima nuclear plant in March. If the cooling water a pool is lost, the used nuclear fuel could catch fire and release radiation.

More…


http://bloximages.newyork1.vip.townnews.com/stltoday.com/content/tncms/a...

Wed, 06/15/2011 - 15:04 | 1372151 mayhem_korner
mayhem_korner's picture

Y'ever seen them thar balloon animals?  That's what yer corn gonna look like this season...

Wed, 06/15/2011 - 15:01 | 1372154 Franken_Stein
Franken_Stein's picture

 

Shit !

 

I predicted this to happen some 3 weeks ago when George Washington wrote about it.

 

A flooding is the most serious natural disaster that a nuclear power plant can be affected with.

And conveniently, all nuclear power plants have to be built next to a river for cooling.

 

Man, clusterflock of black swans ahead.

 

1.Are the diesel generators working ?

2. 24 / 7 for as long as it takes ?

3. Are there enough spare parts and enough fuel in case the generators break or they run out of fuel ?

 

Why is all this sshit happening at the same time in one fuclking year ?

I don't get it.

Is this orchestrated, or what ?

 

 

Wed, 06/15/2011 - 15:07 | 1372187 TruthInSunshine
Wed, 06/15/2011 - 15:20 | 1372228 SheepDog-One
SheepDog-One's picture

Stuxnet

 

Wed, 06/15/2011 - 15:10 | 1372195 Franken_Stein
Franken_Stein's picture

 

Shit !

 

I predicted this to happen some 3 weeks ago when George Washington wrote about it.

 

A flooding is the most serious natural disaster that a nuclear power plant can be affected with.

And conveniently, all nuclear power plants have to be built next to a river for cooling.

 

Man, clusterflock of black swans ahead.

 

1.Are the diesel generators working ?

2. 24 / 7 for as long as it takes ?

3. Are there enough spare parts and enough fuel in case the generators break or they run out of fuel ?

 

Why is all this sshit happening at the same time in one fuclking year ?

I don't get it.

Is this orchestrated, or what ?

 

 

Wed, 06/15/2011 - 15:28 | 1372274 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

And does this show up on Yahoo news? ABC? MSNBC? Not a frickin' one.

Wed, 06/15/2011 - 14:57 | 1372114 nobusiness
nobusiness's picture

ALERT ** Plunge Protection Team please report to battle stations.

Wed, 06/15/2011 - 14:59 | 1372124 nobusiness
nobusiness's picture

Activate SPY/IWM buy program in 3.2.1...

Wed, 06/15/2011 - 15:03 | 1372140 nobusiness
nobusiness's picture

Hello?  PPT?  Anybody?  Somebody?   crickets

Wed, 06/15/2011 - 15:38 | 1372312 cougar_w
cougar_w's picture

Took them long enough. They had to print some more money first.

But it's all good now.

Wed, 06/15/2011 - 15:04 | 1372156 EscapeKey
EscapeKey's picture

DJIA -185... -190... -195... -199 BOUNCE

DJIA -180... -185... -190... -195... -199 BOUNCE

DJIA -190... -195... -199 BOUNCE

DJIA -185... -190... -195... -199 BOUNCE

Wed, 06/15/2011 - 15:11 | 1372203 cougar_w
cougar_w's picture

aaaaaaand it's gone

Wed, 06/15/2011 - 15:22 | 1372261 EscapeKey
EscapeKey's picture

...back in the range.

Amusingly, the snapbacks look almost exactly like a mirrored version of the suspicious morning selloffs in gold. I wonder if that's a coincidence.

Wed, 06/15/2011 - 15:26 | 1372264 HpDeskjet
HpDeskjet's picture

True, a -2XX day would be soooo... unfair given al the cheap stocks that the DJIA consists of...

Wed, 06/15/2011 - 14:57 | 1372116 Conrad Murray
Conrad Murray's picture

Greece taking the MENA dictator path.

Wed, 06/15/2011 - 14:55 | 1372123 qussl3
qussl3's picture

Stealth referendum.

Way out for the weasels.

Default.

Wed, 06/15/2011 - 14:59 | 1372125 The Axe
The Axe's picture

I believe Weiner could take the helm..

Thu, 06/16/2011 - 00:57 | 1373614 StychoKiller
StychoKiller's picture

In other rumors, it is speculated that G-Pap is about to tweet a pic of his package and take an indefinite leave of absence.

Perhaps he should check into a rehab clinic...

Wed, 06/15/2011 - 15:00 | 1372126 the not so migh...
the not so mighty maximiza's picture

The people love him, he is smart for holding onto power.

Wed, 06/15/2011 - 14:58 | 1372127 AldoHux_IV
AldoHux_IV's picture

Bring these criminal politicians to justice-- they are responsible for paying off the debt that has plagued the economy of Greece and they are responsible for enacting and continuing to enact policies from a dictatorship rule: ECB/IMF/EU that seek only to benefit the financial systemand crony capitalists and harm the prospects and livelihood of Greeks and europeans as a whole.

Their hubris have blinded them to the fact that the people will not take it anymore and are willing to stand up to the genocidal maniacs that are the current officials in power.

The system must be taken down otherwise slavery will reign supreme.

Wed, 06/15/2011 - 18:17 | 1372801 walküre
walküre's picture

Yawn.

You can't have freedom in socialism w/o a strong currency and banks to support it.

Next station COMMUNISM with Ouzo for Drachmas. All Greeks please disembark the train.

Wed, 06/15/2011 - 15:00 | 1372128 gabbayo
gabbayo's picture

The opposite, Tyler.

If he stays, bailout #2 is ON.

Wed, 06/15/2011 - 15:05 | 1372158 john39
john39's picture

the banker clan won't let him leave until he rams through austerity...  what a classic.   then they throw him to the angry mob, his mission accomplished.

Wed, 06/15/2011 - 15:15 | 1372220 centerline
centerline's picture

Dont know about that.  Unless he has cut a backroom deal for nice place to relocate, then in knowing he is screwed he becomes a wildcard.

Yeah, this whole thing could be more misdirection for sure.  Cant rule it out at all.  Western nation central bank hot potato game.

Wed, 06/15/2011 - 15:15 | 1372221 Arius
Arius's picture

not so sure about that...i can see Tyler's point...

Wed, 06/15/2011 - 15:00 | 1372129 Cone of Uncertainty
Cone of Uncertainty's picture

1. Default occurs.

2. Banking sector implodes concurrent with rising credit spread metrics, unleashing a liquidty crisis wrapped in an insolvency burrito.

3. ECB becomes insolvent given all the Greek paper they own.

4. Other countries begin to fail.

5. Bernanke cranks up the digital printing press, and the Central banker of the world swoops in and saves the muthah fucking day.

6. We are all saved, and can continue watching Deadliest Catch, while drinking beer.

Wed, 06/15/2011 - 15:00 | 1372145 centerline
centerline's picture

correction... insolvency pita.

Wed, 06/15/2011 - 15:08 | 1372189 francis_sawyer
francis_sawyer's picture

"a liquidty crisis wrapped in an insolvency burrito"

---

Is that anything like a clusterfuck surrounded by a circle jerk?

 

Wed, 06/15/2011 - 16:13 | 1372454 SilverDosed
SilverDosed's picture

Aaah memories

Wed, 06/15/2011 - 15:15 | 1372199 centerline
centerline's picture

dup.

Wed, 06/15/2011 - 15:57 | 1372382 mudduck
mudduck's picture

7.G. Pap resigns, hooks up with other G. Pap who resigned (Goldman employee of the friggin century G.Pap), and make epic film "Two G.Paps and one cup". Analysts say film is not good for long weiner play.

Wed, 06/15/2011 - 15:00 | 1372130 Trillax
Trillax's picture

I'm sorry, forming a new government and proceeding with a vote of confidence does what for your fiscal situation again? Lawls.

Wed, 06/15/2011 - 15:15 | 1372206 SheepDog-One
SheepDog-One's picture

Yea exactly...WTF is any of that supposed to solve? Theyll vote confidently about what?

Thu, 06/16/2011 - 01:04 | 1373616 StychoKiller
StychoKiller's picture

Perhaps they're drawing lots on who gets to be the first group to use the escape tunnel...

Wed, 06/15/2011 - 15:00 | 1372131 Caviar Emptor
Caviar Emptor's picture

Confidence! 

That's all we ever needed according to the pumpers. Not silly things like organic growth and sound economic management. 

The Pandora selloff: figures it would be another Greek bearing gifts

Wed, 06/15/2011 - 14:58 | 1372138 TruthInSunshine
TruthInSunshine's picture

The referendum should give Greek Voters the option to try for sedition any Greek Politician who in any way, shape or form allows Greek soil, property, sovereign assets, or any other part of Greece to be pledged or given in exchange for any allegedly needed "bailout," "loan," "rescue package," or other bullshit.

Sedition is punished by execution.

Start that precedent now, Greeks.

Wed, 06/15/2011 - 15:00 | 1372147 AldoHux_IV
AldoHux_IV's picture

+1

Wed, 06/15/2011 - 15:04 | 1372148 Trillax
Trillax's picture

Agreed -- but I wouldn't hold your breath too long Truth. ;)

Thu, 06/16/2011 - 01:03 | 1373617 StychoKiller
StychoKiller's picture

Ancient Greek legislation process:

"Anyone wishing to propose a new law had to do so while standing on a public platform with a rope around their neck. If the law was passed, the rope was removed. If the law was voted down, the platform was removed."

Wed, 06/15/2011 - 15:08 | 1372173 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Irish take note, this is what you should have done you docile p***ies. That is all.

Wed, 06/15/2011 - 15:16 | 1372209 SheepDog-One
SheepDog-One's picture

Im very disappointed in the previously scrappy Irish.

Wed, 06/15/2011 - 15:23 | 1372265 Franken_Stein
Franken_Stein's picture

 

Timid tame dovish Irish.

 

Wed, 06/15/2011 - 15:08 | 1372174 dannyadornato
dannyadornato's picture

What's the problem? Just print more euros!

Wed, 06/15/2011 - 15:09 | 1372177 Dejean Splicer
Dejean Splicer's picture

Fuck bloomberg already! Can you please source yourself instead of feeding off the wire!?

Wed, 06/15/2011 - 15:16 | 1372210 Tyler Durden
Tyler Durden's picture

Sure... as soon you pay us the $2000/month it costs to pay for the thousands of journalists that Bloomberg has on staff.

Wed, 06/15/2011 - 15:35 | 1372292 Dejean Splicer
Dejean Splicer's picture

lol! TKO.

Wed, 06/15/2011 - 15:46 | 1372342 Sudden Debt
Sudden Debt's picture

The info is everywhere. You just have to find it.

If can sometime, really sometimes even be found on CNBC

 

Wed, 06/15/2011 - 15:14 | 1372197 jmc8888
jmc8888's picture

Yank Yer Doodle oh Danny Boy

Glass-Steagall

Wed, 06/15/2011 - 15:14 | 1372218 monopoly
monopoly's picture

What a mess, what a disaster. This is going to get ugly.

Wed, 06/15/2011 - 15:17 | 1372232 Piranhanoia
Piranhanoia's picture

I like the pre recorded part.  An olympian in the halls of parliament raises their voice and cries,  Mr. PapSchmeer,  paging Mr. Papschmeer,  urgent call for you....

Pappy's out of town. Until he knows if he will survive the "no constraint on bloodsuckers" vote his pimp told him to schedule.

Wed, 06/15/2011 - 15:18 | 1372240 nobusiness
nobusiness's picture

The Stanley Cup tonight will have less stick saves than the DOW down 200 level today.

Wed, 06/15/2011 - 15:23 | 1372250 oogs66
oogs66's picture

+7

Wed, 06/15/2011 - 15:35 | 1372300 SheepDog-One
SheepDog-One's picture

No shit, the PPT makes Luongo look like nothin.

Wed, 06/15/2011 - 15:22 | 1372245 A Dim View
A Dim View's picture

I walked through the riots a couple of times today. 3 things i noticed:

1. the people are monumentally pissed off for a myriad of reasons and have enough. this is only th beginning i feel with the vote on the actual Mid Term package on 28 June looming very large now

2. although people don't understand the intricacies of the situation & are essentially sheeple trust in politicians has gone negative & they won't be able to bullshit their way out of this. the place is a tinder box right now

3. tear gas is a mutha fucka, stings like fuck when a cloud of it hits you..

Wed, 06/15/2011 - 15:23 | 1372268 TruthInSunshine
TruthInSunshine's picture

People who are threatened with having their farms, homes, businesses and the future of their families and children pledged as mere "collateral" to bankster parasites grow immune to teargas and even stronger chemical agents.

There are some things on God's earth sovereign people find worth fighting for.

Wed, 06/15/2011 - 15:43 | 1372323 SheepDog-One
SheepDog-One's picture

I been tear gassed tons of times, no big deal. And now is a good time to buy that gas mask.

Wed, 06/15/2011 - 16:10 | 1372447 Rodent Freikorps
Rodent Freikorps's picture

Good for smoke too, just in case the zombies try to burn you out.

 

Wed, 06/15/2011 - 18:24 | 1372855 walküre
walküre's picture

"although people don't understand the intricacies of the situation"

That's the problem to begin with. Greeks operating business, not paying their taxes and expecting the government to pour out money forever.

You know it's true. Greeks operate on cash, hoarding cash, not paying taxes and retire at 49.

Good luck with that. Good luck trying to find another sucker that's going to finance your blue sky deal going forward.

Greeks pissed off about every serious investor by now. Nobody wants the paper, nobody wants anything unless it is tangible.

Don't blame central banks, the EU, your politicians or anyone else.

BLAME YOUR FUCKING SELF FOR MESSING IT UP.

GREEK IDIOTS.

Wed, 06/15/2011 - 15:19 | 1372249 monopoly
monopoly's picture

Well, if they have not resigned, the PPT should be finishing their sushi lunch now and ramp us up a bit.

And am sure Tyler will mention, (unless I missed it already), Pandora, ramped to 26, got every sheeple in and now.....17.70. They never learn, never.

Wed, 06/15/2011 - 15:29 | 1372278 AldoHux_IV
AldoHux_IV's picture

Default has already happened and continues to happen disguised under different forms of 'stimulus' and QE's.  It's just an illusion from keeping the market from panicking all the while the insiders or top of the pyramid types get to cash out at full value while the rest of the world burns.

Wed, 06/15/2011 - 15:30 | 1372285 carbonmutant
carbonmutant's picture

Some resignations are voluntary others... not so much

Wed, 06/15/2011 - 15:30 | 1372294 Eireann go Brach
Eireann go Brach's picture

In other related news, Obama calls the Fed and asks, "what is going on, as you know I have no clue about finances or economic stuff as I only studied one business class in high school, oh thats ok Barry, we're are fucked but I think we can pool the wool over the eyes of the US sheep until re elction date, ahhh thats good Ben, feel free to order more Hewlett Packard printers, but Barry you know we dont actually print money, ahhh ok Ben, I am off to play golf, text me if anything else serious happens, dont call as it affects my swing"

 

Wed, 06/15/2011 - 15:33 | 1372306 SheepDog-One
SheepDog-One's picture

Until re-election? In 16 months? Totaly impossible, the wool is already off the eyes of anyone with half a brain and its all re-imploding. Some little bundle of printed up funny money is like a squirt gun on an AZ wildfire.

Wed, 06/15/2011 - 15:37 | 1372310 carbonmutant
carbonmutant's picture

Drudge says he's only finger pointing at half a crowd these days...

Wed, 06/15/2011 - 15:48 | 1372334 SheepDog-One
SheepDog-One's picture

I saw Obama getting heckled at some speech the other day....he was saying 'Hol up! Hol up'! over and over it was funny. Im surprised he didnt yell 'Sit yo monkey ass DOWN up in here'!

Wed, 06/15/2011 - 15:37 | 1372315 TruthInSunshine
TruthInSunshine's picture

NerObama doesn't care, just as none of his predecessors have who've held his puppet post before him.

They all make their deal with the devil, and they and their families get a financial & security VIP Pass for Life in exchange for doing the bidding of those whom they really work for.

Follow the money, wealth, power.

Wed, 06/15/2011 - 15:37 | 1372302 XRAYD
XRAYD's picture

The AMAZING thing is the "first in business" CNBC news never bothered to carry this story live (even as they talk about Greece and the Euro all day) even as CNN-I carried it live, and Bloomberg replayed it a few minutes later.  (The market wend down about 50 pts - clearly what had been proposed, was not going to pass with the current govt.)

 

No doubt, the brilliant people at CNBC will read the WSJournal tomorrow, and tell us all about it!

Wed, 06/15/2011 - 15:34 | 1372309 SheepDog-One
SheepDog-One's picture

CNBS not covering the bad market news? No WAY!

Wed, 06/15/2011 - 15:48 | 1372353 Missiondweller
Missiondweller's picture

Just another reason CNBC has little to no credibility.

Wed, 06/15/2011 - 15:41 | 1372319 Agent P
Agent P's picture

Not a single comment on "Long Weiner / Short G-Pap"?  Everyone gone highbrow today?

Wed, 06/15/2011 - 15:41 | 1372327 thegazelle
thegazelle's picture

Long Weiner resignation contracts here. Market is 68/69 on intrade.

Wed, 06/15/2011 - 15:41 | 1372330 TooBearish
TooBearish's picture

Bam Bam and Turbo Timmeh will end up writing a check to Greece

Wed, 06/15/2011 - 15:42 | 1372333 SecondComing
SecondComing's picture

*cue Beavis voice*

Heh, heh, you wrote Long Weiner...

Wed, 06/15/2011 - 15:50 | 1372346 SheepDog-One
SheepDog-One's picture

PPT now scamming back 50+ points to the DOW for close...what a joke.

Wed, 06/15/2011 - 15:55 | 1372392 TruthInSunshine
TruthInSunshine's picture

It's looking to be a truly underwhelming attempt/stab/desperate clutch of an attemped save - aka flacid, impotent & drunken no-boner.

Wed, 06/15/2011 - 15:52 | 1372365 hungarianboy
hungarianboy's picture

I believe this morning I saw some headline on Bloomberg that Greek bankers where fleeing the cities. If that's true I wonder how long the citizens will be able to get some cash out of the ATM's.

If not then things will get really really really nasty.

Wed, 06/15/2011 - 15:55 | 1372388 cougar_w
cougar_w's picture

ATM are for days of calm.

When the SHTF you just get what you want out of the teller drawer.

Using an axe.

Wed, 06/15/2011 - 15:53 | 1372376 DNB-sore
DNB-sore's picture

G-Pap thought it was time to flush the toilet because of the stink and new times coming forgetting that the toilet was blocked times ago. Get a shoe polish but probably all shoe polishers are demonstrating in a square in Athens right now

Wed, 06/15/2011 - 16:02 | 1372418 lizzy36
lizzy36's picture

One wonders if Obama is patriotic enough to offer his resignation if the only alternative is a a catastrophic default come August?

Interesting times, no?

Wed, 06/15/2011 - 17:48 | 1372695 Lem Motlow
Lem Motlow's picture

What drugs are you on? Obozo hates this country, and for him, a catastrophic default would be considered his signal achievement.

Wed, 06/15/2011 - 16:04 | 1372419 PulauHantu29
PulauHantu29's picture

Good News!!!!!!!!!!!!!!

Charlie Sheen said he,"is willing to negotiate" and help Greece out.

I can't understand why "The People" don't want to take Fat Cuts so the Bankers can dance and dine at The Ritz?

My vote is Long Charlie/Short Weiner.

Wed, 06/15/2011 - 16:10 | 1372429 DNB-sore
DNB-sore's picture

there is no alternative than default or restructioring. Restructioring can have effect if big money takes losses but the last years show that is not an option. It's about evolution and addition of the "R"

Wed, 06/15/2011 - 16:26 | 1372479 slewie the pi-rat
slewie the pi-rat's picture

What we are confused by is, in order to properly delta hedge a G-Pap/Weiner resignation odds pair trade, whether Weiner should be long or short.

i think weiner will out-last g-pap, even tho he will surely be subjected to a much more brutal pounding...

i guess i'm just not comfortable going long weiner, here.  in greece, we see the "muddling thru" strategy in the final throes of its exhaustive pretensions @ extension.  at this point, i honestly think weiner has the staying power, BiCheZ...

Wed, 06/15/2011 - 16:29 | 1372489 anonnn
anonnn's picture

After all, he is one of TVBP*.

* The Very Best People

 TVBP includes include Families, Dynasties, Nobility, Direct Descendants of God, et al ilk, whose entire reason-for-being is acquisition of privilege.

Wed, 06/15/2011 - 16:38 | 1372531 Yperkeimenos
Yperkeimenos's picture

It is easy to understand the intentions of Greek political parties,including K.K.E. communists party,by the fact that they all agree not to give the people a voice via a referendum which would be the most democratical thing to do.It is of course of little surprise that even communists here in Greece are in favour of the Eurozone.Perhaps it reminds them of the good old soviet days,after all it is the E.U.S.S.R

Wed, 06/15/2011 - 17:00 | 1372606 gwar5
gwar5's picture

Eurobankers called Pap and told him to stall. They're waiting for Bernankeopolous to deliver the next round of Eurotopia$ 

Small world.

 

 

Thu, 06/16/2011 - 03:42 | 1373718 CactusLand
CactusLand's picture

Loved this headline..belongs in the ZH Hall of Fame... top notch.

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