When French bankers gorge on roasting PIIGS - OR - Can You Fool Everybody All Of The Time?

Reggie Middleton's picture

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shortToZero's picture

I will come down to NYC and meet you in person and volunteer my time to do this. I am sure that this can be done.

shortToZero's picture

!!! - YO REGGIE -  !!!

you made AMAZING predictions over the years but i your articles, I am really sad to say this.... are of little value to me, and this problem is worse than before. I can't follow them. You combine old & new material, you format badly, you organize badly. I can't take it anymore. I will watch interviews with you because in your interviews you are very clear, charismatic etc'. But for your blog posts you must hire someone who will format it all. This message is simply not getting through to you.

Reggie, act now!! Hire someone!!

ebworthen's picture

Expose the nakedness!

 

DoctoRx's picture

Reggie, despite the apparent thoroughness of your research, how can you expect to be taken really, really seriously when you keep misspelling the name of the bank you are dissing?  It's Paribas, not Paribus . . .

DoctoRx's picture

Reggie, despite the apparent thoroughness of your research, how can you expect to be taken really, really seriously when you keep misspelling the name of the bank you are dissing?  It's Paribas, not Paribus . . .

ebworthen's picture

Potatoe potato, Tomatoe, tomato...

Or perhaps he intends it in the vein of "Morguen Stanley"?

Or a play on the prefix as is Pari-Lehman, or a bus on a road equal to Dexia?

Hmmm....

PulauHantu29's picture

I heard on TV that the only "investors' buying Spain's soveriegn bonds are the Spanish Pension Funds and Banks by force from the Gubberment.

Is this true?

AldousHuxley's picture

Hi Sarah, Warren Buffett here. I just wanted to congratulated you on a terric victory.

 

http://www.youtube.com/watch?v=_BGE3cX3ZWQ

NEOSERF's picture

The real question is if everyone is selling, who is buying this garbage?

Zero Govt's picture

Paul Krugman, Leo, Pivot Farm and the worst investor in the world, fulfilling their Congressional mandate to be total fuking morons (ie. back-stop bad bankers) Benny at The Fed

hopefulbutwary's picture

Reply to Zero  Govt - Benny at The Fed. One could say that the following is  a 'gas'.

http://www.youtube.com/watch?v=QjUk3Bp16zs

I messed up on my first contribution or statement.  That was a few days ago.  I guess I will see if I mess up on this second one.

SoNH80's picture

Reggie, I really dig your Gonzo financial journalism.  Like the good Dr. Thompson in his day, you're one of the few voices speaking the truth in ours.  Good work again.

Zero Govt's picture

Reggie is one of the few waving the sword (Zulu spear?) of truth ...but far as i know Reg' is the ONLY financial journalist (analyst?) punching hard and true on the Euro Banks and for that matter the US Banks too

Reggie Rules ok

NotApplicable's picture

It's but so much of an acknowledgement, the write downs are woefully
insufficient - alas, they do match the numbers being bandied about in
the pop media so I guess management says that's sufficient "can kicking"
material...

It's called Directed History. We all know they will get cut again, but since they're talking in percentages, they'll keep halving the half, without reporting the total. This will keep the headlines looking reasonable, and expectations will be managed yet another day. Otherwise, panic will ensue.

GeneMarchbanks's picture

Jefferies, Barclay's and eventually MS methinks.

falak pema's picture

Liar liar pants on fire...and the Contagion factor of sovereign debt of PIGS, its cumulative effect on P&Ls and share values... Ok point taken.

Now, Liar liar pants on fire ....and the derivatives melt down of US banks...gets their share value to what level and their subsequent insolvency and liquidiy problems to.....????

Lets have a comparative analysis of PRIVATE banking risks; Pigs contagion(EU) vs derivative bubble contagion (US). Its simple maths, of RM type,  from what I can see:

Total private banking debt that can fo Contagion bonfired in EU : 50 T (round number)

Total private banking contagion bonfire of debt spiral is US : 100-150 T (round number).

Who is in deeper financial shit?

Who can come out of a melt down faster? Especially if you consider the commercial trade deficits on macro scale of each continent, which are much higher on US side. Just pointing to some big macro numbers.