• Monetary Metals
    05/02/2016 - 01:28
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This Bank Is Much Worse Than the Rest and the (Guaranteed?) Bust Will Probably Be Funded Right Out of Your Bank Account!

Reggie Middleton's picture

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Thu, 10/20/2011 - 19:16 | 1795290 Boxed Merlot
Boxed Merlot's picture

representing Goldman's risk relative to EVERY OTHER banks is damn near
phallic in stature!...

Are you saying "Baal worship?"...

Thu, 10/20/2011 - 18:45 | 1795151 PaperBear
PaperBear's picture

"damn near phallic in stature!" - easy now.

Thu, 10/20/2011 - 18:10 | 1794992 orgonor
orgonor's picture

deutsche bank baby...

Thu, 10/20/2011 - 17:41 | 1794902 A Man without Q...
A Man without Qualities's picture

That woman on the RT clip is astonishingly stupid...

Thu, 10/20/2011 - 18:47 | 1795161 PaperBear
PaperBear's picture

Journalists lik her know jack shit.

Thu, 10/20/2011 - 18:26 | 1795049 PY-129-20
PY-129-20's picture

I would not go that far, but I found her annoying. Still, if you take the time to visit the original Youtube video, you will find out that about 95 % of the people there talk about her looks and how they would love to see her naked and do a little roll in the hay... The rest is actually thinking about what Reggie said.

Reggie - just thank you for everything. Greetings from Germany. You have done a great job.

Thu, 10/20/2011 - 17:20 | 1794843 catch edge ghost
catch edge ghost's picture

Dear successful finance/blogger guy on a boat with good looking wealthy people that also dine well in large groups,

Regarding the title, I have some idea what Probably means, but I have a question. What the hell does (Guaranteed?) mean? 



catch edge ghost 

Thu, 10/20/2011 - 17:04 | 1794793 OutLookingIn
OutLookingIn's picture

Remember Feruary 2010.

Acting under the radar, 'The Clearing Warehouse' responsible for passing through and administering OTC CDS and OCC made an application to the Federal Reserve to become a subsidiary of that institution.

Guess what? Of course the Fed said yes! So, not only are Mom and Pop going to take a big hit in their savings accounts, the remainder of the bail out will come from the Fed (compliments of the taxpayer) to make the TBTF's whole.

After all, the name of the game is to keep the 0.9%er's rich and the 99%er's poorer! Let the game carry on! 

Thu, 10/20/2011 - 18:02 | 1794960 CompassionateFascist
CompassionateFascist's picture

Ah, no. With this much garbage piled on top of other garbage, this time the bail-out will not stick. There isn't enough real wealth out there to prop up all the crap paper. Also, from the viewpoint of collective psychology (panic) this economic implosion is going to happen in the context of a worsening political crisis (2012 election) and a War with Iran. Perfect Storm.

Thu, 10/20/2011 - 17:00 | 1794780 electronpaul
electronpaul's picture

The Federal Reserve can "print" at will. The Federal Reserve is owned by the banks. Unless Ron Paul gets a full audit of the Fed, they will just print and hide it. Of course, in order to do this, FR will demand (and get) untold enslavement from the populations of the governments in question.

Welcome to a Brave New World, 1984.


Thu, 10/20/2011 - 16:17 | 1794616 Sudden Debt
Sudden Debt's picture

Oké, were fucked...

I'd better start digging my hideouts for my PM's.


Thu, 10/20/2011 - 17:41 | 1794901 CompassionateFascist
CompassionateFascist's picture

The "squid in the coal mine"!!!!!!!!!!!!!!!!!!!!Unforgettable. Reggie and Banzai need to do something w this.

Thu, 10/20/2011 - 17:13 | 1794820 I think I need ...
I think I need to buy a gun's picture

its all set up i believe we will have a new monetary system, looks like they will make europe the bad guy and start the gold rush there, they are eliminating some etfs this weekend I wonder what the status of GLD is? Is there any gold? Gold tax starts 1-1-12

Notice how all the republicans have platforms for a new tax system? I guess we will need one after we get a new moneytary system. So 2012 we will have a "national discussion" on things....Ben Bernankes words "national discussion.

I see the whacked Kahdafi today, so there is no talking of the last 40 years

Thu, 10/20/2011 - 15:45 | 1794486 Ruffcut
Ruffcut's picture

HBC has large ratio exposure, but who knows what they exposed to. CDS= criminal destruction systems

Because most of the credit derivatives are level III assets, difficult or impossible to price, and many of them are crashing in value, looking at the credit derivative exposure gives you a good idea of a bank's derivative risks.

Bank Assets ($B) Credit derivs Ratio to assets Notes HSBC USA 188 1341 7.1 Very active in CDS JP Morgan 1408 8121 5.8 Very active in CDS Citigroup 1293 3351 2.6 Very active in CDS Bank of America 1355 3099 2.3 Very active in CDS Wachovia 666 454 0.7 Merrill Lynch Bank 63 9.2 0.1 Bank of New York 128 2 0.0 U.S. Bank 237 1.7 0.0 Owned by BRK Wells Fargo 487 2 0.0 Owned by BRK RBS Citizens 131 0.3 0.0

Couple observations:

  • HSBC is "going for broke", they have $1.3 trillion of credit derivatives and $188 billion of assets.
  • All the giant banks are playing games with credit default swaps of huge notional amounts
  • Look at the banks that Buffett owns ... no credit derivative exposure
  • Citizens Bank (RBS) which I just discovered also seems very conservative

Thu, 10/20/2011 - 15:52 | 1794512 Ruffcut
Ruffcut's picture

HBC= Ho's Boom Comin?

So little capital and so many shitbags to buy puts on.

Thu, 10/20/2011 - 15:45 | 1794482 disabledvet
disabledvet's picture

So I thought the FDIC only insured the first 200,000?

Thu, 10/20/2011 - 17:30 | 1794874 xcehn
xcehn's picture

The FDIC is so seriously underfunded, it's a JOKE.

Thu, 10/20/2011 - 16:58 | 1794773 donsluck
donsluck's picture

If you remember, during the 2008 crises, the FDIC insurance increased from 100K to 250K per account,, and if you have benefitiaries, each one bumps up the coverage another 250k. So, they will probably back up the "banks" all...the...way!

Thu, 10/20/2011 - 15:44 | 1794454 falak pema
falak pema's picture

looks like the bank dominoes are so screwed they'll bring down every body including q-daffy's now lonely camel. Its back to Noah's ark.

Apart from the FED I can only think of Deutsche as rogue bank, to match the squid as prize catch.

Thu, 10/20/2011 - 15:20 | 1794382 Don Smith
Don Smith's picture


Thu, 10/20/2011 - 15:11 | 1794349 Forgiven
Forgiven's picture


Thu, 10/20/2011 - 15:09 | 1794341 jomama
jomama's picture

damn reg, you're lookin hella yoked these days!

(so you bangin lauren yet?)

Thu, 10/20/2011 - 15:03 | 1794318 steve from virginia
steve from virginia's picture

So ...

Reggie's 'solution' is macro-options Ponzi scheme.

That gets pitched @ ING bankers' conference, bankers have no problem with that sort of business ...

I wonder how long its going to be before Reggie disappoints his mother ...



Thu, 10/20/2011 - 15:01 | 1794307 derek_vineyard
derek_vineyard's picture

Aren't the meet n greets to never be spoken of and of a much more savage nature?

Thu, 10/20/2011 - 14:43 | 1794253 chubbar
chubbar's picture

If the banks put all of their derivatives into the position to be directly backstopped by the FED vis-a-vie the FDIC, wouldn't the netting out process then be resolved by the FED and stop any possible cascading cross defaults? If this is the case is it possible this is the FEDs answer to settling all the derivatives and finally disarming that bomb?

I know it is probably a dumb question as I don't pretend to understand the whole banking process but if the FED knows about this then it obviously approves or directed it. Just trying to figure out the end game.

Thu, 10/20/2011 - 14:35 | 1794219 Little John
Little John's picture

Somebody let me know when the shooting of the kleptocrats starts.

Thu, 10/20/2011 - 14:31 | 1794203 Irish66
Irish66's picture

guess- Wells Fargo

Thu, 10/20/2011 - 14:49 | 1794273 Big Ben
Big Ben's picture

My guess would be HSBC.

Thu, 10/20/2011 - 16:07 | 1794573 Going Loco
Going Loco's picture

God I hope not

Thu, 10/20/2011 - 14:33 | 1794195 Tramp Stamper
Tramp Stamper's picture

There are no sovereign contries anymore just banks that control them and their populations.  Why was this allowed to happen?

Thu, 10/20/2011 - 15:37 | 1794447 Widowmaker
Widowmaker's picture

Because record bonuses = national security.

You probably think i'm fucking joking.

Thu, 10/20/2011 - 14:26 | 1794180 Absalon
Absalon's picture

You should consider trying to learn to write properly.

Thu, 10/20/2011 - 15:30 | 1794425 Money 4 Nothing
Money 4 Nothing's picture

I call it typing, but what's the diffey?

Thu, 10/20/2011 - 14:50 | 1794280 11b40
11b40's picture

Reggie's writing may leave a little to be desired, but who gives a shit?  His numbers are what keeps me reading his posts.  Like, who cares about the math professor's penmanship?

Thu, 10/20/2011 - 14:18 | 1794144 Seer
Seer's picture

The reason why everyone is ignoring the canary is because the MINE owns it, and long ago killed it.  But...

A canary isn't needed in order to understand what's going on.

Infinite growth on a finite planet = EVENTUAL COLLAPSE

How much more verbiage does one need in order to know what is going on?

Thu, 10/20/2011 - 14:16 | 1794133 deepsouthdoug
deepsouthdoug's picture

Let me guess - Morgan Stanley.

Thu, 10/20/2011 - 14:43 | 1794252 Oracle of Kypseli
Oracle of Kypseli's picture

It really doesn't matter the name of the bank. The collapse is inevitable. They are all coming down. You have been warned. Move money in the proverbial mattress, get physical PM's and arrange for a farm with a farmhouse along with others of same mind. 

Thu, 10/20/2011 - 17:26 | 1794868 xcehn
xcehn's picture

The bank runs will soon be obvious.  Then it will be too late.  Time to build the ark.

Thu, 10/20/2011 - 15:05 | 1794329 deepsouthdoug
deepsouthdoug's picture

I've got a farm - 240 acers of some of the best land in the world - zero debt. 

Thu, 10/20/2011 - 14:14 | 1794120 entropos
entropos's picture


Not going to the party.  

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