• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

A $2.3 Million Bet On UniCredit Unihilation

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Fri, 08/26/2011 - 14:26 | 1605009 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

It was the Bernank. Same goes for the BAC bet.

Fri, 08/26/2011 - 14:34 | 1605018 LawsofPhysics
LawsofPhysics's picture

If that is true, then so much for my "balls of steel" comment.

Fri, 08/26/2011 - 14:50 | 1605125 AldousHuxley
AldousHuxley's picture

CDS above 2008/2009 wides for many western banks including UniCredit.



Somebody will have to be the next lehman....too many banks with worse credit than MC Hammer in 1996

Fri, 08/26/2011 - 14:30 | 1605024 MrPike
MrPike's picture

The Bernank is the one selling the puts..

Fri, 08/26/2011 - 14:30 | 1605026 slaughterer
slaughterer's picture

Did Muddy Waters open up a branch in Italy? 

Fri, 08/26/2011 - 15:44 | 1605317 reload
reload's picture

Hugh Hendry? certailnly a big fan of deeply out of the money puts

Fri, 08/26/2011 - 14:41 | 1605081 CPL
CPL's picture

There's the break...the air is getting let out of the balloon, market should shake off a couple of points again.

Fri, 08/26/2011 - 15:30 | 1605275 malek
malek's picture

I was thinking of Nassim Taleb...

Fri, 08/26/2011 - 14:28 | 1605019 Hugh G Rection
Hugh G Rection's picture

Dont worry, the JP Morgue will buy em out.

Fri, 08/26/2011 - 14:54 | 1605138 AldousHuxley
AldousHuxley's picture

Morgans are not that nice or stupid like BofA.

JP will wait until the final hour then negotiate in the backroom for dirt cheap prices.

Fri, 08/26/2011 - 15:08 | 1605184 slaughterer
slaughterer's picture

The side bars on ZH today for me are one relentless stream of prostitution:

1.) Travel Girls

2.) Russian Cupid

3.)  Turkish Girls



Fri, 08/26/2011 - 15:10 | 1605197 Hugh G Rection
Hugh G Rection's picture

I'm getting a different prostitute on my side bar... Glenn Beck.

Fri, 08/26/2011 - 15:23 | 1605247 IQ 145
IQ 145's picture

Linux Mint plus Firefox with adblocker plus; no side bars. none. zero. Computers, you too could use one if you tried.

Fri, 08/26/2011 - 15:27 | 1605266 Dick Darlington
Dick Darlington's picture

Bernank sponsored equity boner for Fraud Street, normal boner for us mortals by side bar ads full of girls.

Fri, 08/26/2011 - 15:32 | 1605283 Tense INDIAN
Tense INDIAN's picture

Travel Girls are everuwhere

Fri, 08/26/2011 - 19:02 | 1606039 Spitzer
Spitzer's picture

anything is better then fat white biches.

Fri, 08/26/2011 - 14:29 | 1605020 Michelle
Michelle's picture

If one is a CDS seller, buying puts is their hedge. So I guess we should expect a triggered credit event. Let's see if the Eurozone adopts Merkel's policy thereby banning naked CDS.

Fri, 08/26/2011 - 14:30 | 1605022 baby_BLYTHE
baby_BLYTHE's picture

time to open up the FED window and let every man, woman and child that draws oxygen on American soil borrow at .25 bps.

Primary Dealers, Hedge Funds and other Banks are made up of and run by human beings. Under the Constitution alone, "All are created equal" should be enough without any further legislation to justify it.

Since there is no avoiding the BIG COLLAPSE that is coming, let us just go out with a bang. Let everyone have a horse in this race.

Fri, 08/26/2011 - 14:31 | 1605035 SheepDog-One
SheepDog-One's picture

Yep I agree, just send everyone in the US a check for $100,000, why the hell not, and lets have a big going away party!

Fri, 08/26/2011 - 15:25 | 1605258 fuu
fuu's picture

$300,000,000,000,000 is a pretty large number.

Fri, 08/26/2011 - 16:28 | 1605519 SilverDosed
SilverDosed's picture

pfffft, Trillions dont mean shit these days. Thats not even a third of a quadrillion.

Fri, 08/26/2011 - 20:12 | 1606217 Manthong
Manthong's picture

Not even half the size of the vaporous synthetics market which has little to no reserves or tangible backing.

Fri, 08/26/2011 - 14:32 | 1605036 espirit
espirit's picture

Unfortunately, we the people only get to choose from the best horse at the glue factory.

Fri, 08/26/2011 - 14:32 | 1605037 slaughterer
slaughterer's picture

BB, opening up the Fed window to the whole planet would destroy the banks and credit companies and eventually the Fed itself.  But I am sure you are aware of that. 

Fri, 08/26/2011 - 14:53 | 1605058 baby_BLYTHE
baby_BLYTHE's picture

the banks are already insolvent, the banks don't (and won't) loan, we don't need a FED (nor is it constitutional), credit is evil, we will go back to a gold standard eventually once the dollar is worthless (no unbacked) fiat currency has ever lasted more than 30-50 years.

The status quo cannot be saved, just as about everyone on ZH is well aware. What I advocate is not a solution, but should be implemented based on American values and will perhaps soften the blow during the transition out from our current system.

Fri, 08/26/2011 - 14:36 | 1605061 LawsofPhysics
LawsofPhysics's picture

I think that was the point, but to the contrarian side of things, if everyone stops using FRNs, you get the same result.  At this point it is simply a matter of whether you want to die fast or slow.

Fri, 08/26/2011 - 14:38 | 1605066 baby_BLYTHE
baby_BLYTHE's picture


Fri, 08/26/2011 - 14:51 | 1605127 tekhneek
tekhneek's picture

just exchange your fiats for silver/gold, people are going to continue to wake up because of prices/inflation, etc. it's only a matter of time as we all already know. we can speed up this collapse and get to the price control phase the more we rally and buy silver/gold.

they will sell gold/silver that doesn't exist in the paper markets but it won't matter. silver/gold wil be unattainable by that time anyway.


Fri, 08/26/2011 - 15:25 | 1605259 IQ 145
IQ 145's picture

I apologize about being wrong in waiting to buy silver; today was a non-event day in New York; the bottom is in in Silver. Amazing strong market. Fire at will.

Fri, 08/26/2011 - 14:51 | 1605126 SheepDog-One
SheepDog-One's picture

The banks and credit are already destroyed.

Fri, 08/26/2011 - 14:56 | 1605149 mac768
mac768's picture

and just imagine NOTHING is happening?

Then some hedgies may call it quits..

Fri, 08/26/2011 - 14:59 | 1605152 anynonmous
anynonmous's picture

you are aware that the contents of the Sept 5 address to the nation was supposed to have been confidential.


Don't laugh, Obama will decree that every American who wants to, will be able to have their mortgages rewritten at the lowest available rate even if they are underwater or behind in payments. (without penalty or fear of disqualificaiton)


Now how do we play that apart from adding a few gold coins to the piggy bank

Fri, 08/26/2011 - 15:11 | 1605201 Long-John-Silver
Long-John-Silver's picture

Let everyone have a horse in this race.

Who can afford a horse in these depressing times?


President Obama blamed for a starving horse in desert

Fri, 08/26/2011 - 14:32 | 1605038 Panafrican Funk...
Panafrican Funktron Robot's picture

To those that stayed long on their paper gold:  congrats on currently beating the SPX by a full percentage point.  Even paper gold > equities. 

Fri, 08/26/2011 - 14:32 | 1605040 traditionalfunds
traditionalfunds's picture

They snuck past the ban on shorts until you revealed them ZH!

Better watch your back! Those I-talians don't mess around.


Fri, 08/26/2011 - 14:46 | 1605105 jimijon
jimijon's picture

Hey! Being of Italian descent, I resemble that remark.

Fri, 08/26/2011 - 14:33 | 1605043 monopoly
monopoly's picture

Big going away party". Luv it. :)


Looks like the deep, dark correction in gold may be ending.

Fri, 08/26/2011 - 14:39 | 1605075 Panafrican Funk...
Panafrican Funktron Robot's picture

No joke.  Those 2.5 days below $1800 were rough!!!!!!



Fri, 08/26/2011 - 14:48 | 1605112 slaughterer
slaughterer's picture


Fri, 08/26/2011 - 15:17 | 1605226 Long-John-Silver
Long-John-Silver's picture

If Gold keeps it's 1800 handle heading into expiry next week, Shorts are going to be crushed.

Looks like all these margin hikes are putting a solid $,1800 floor under Gold the same why they put a solid $40 floor under Silver.

Fri, 08/26/2011 - 15:06 | 1605182 --Freedom--
--Freedom--'s picture

Indeed. That was a faster recovery than I thought. Don't want to get too confident, though. My guess is, back at 1900 by middle of next week, then more margin increases.

Fri, 08/26/2011 - 15:33 | 1605287 IQ 145
IQ 145's picture

I was surprised also; and I'm very good at this. Be sad if I didn't learn anything after 30 years of staring at Silver price charts. Very, very strong market. It's the Chinese, (came in 2010); the support is always there, they buy the fucking dips;  Europeans, too, bought the shit out the dip. The hive mind is evolving; the numbers of people who "don't believe" anymore are increasing. The big flywheel is starting to turn. Still have years to go; in my opinion. But the great awakening is afoot. Kinda gets your attention after awhile when you realize you're getting a negitive return on your bonds and deposit accounts. Getting more peoples attention all the time.

Fri, 08/26/2011 - 14:33 | 1605044 AbandonShip
AbandonShip's picture

I bet it's The Oracle (from Omaha) again.   He's probably hedging in case his Italian bailout doesn't go through.

Fri, 08/26/2011 - 14:34 | 1605046 Imminent Collapse
Imminent Collapse's picture

Can they pay it in gold & silver?

Fri, 08/26/2011 - 14:34 | 1605047 LoneStarHog
LoneStarHog's picture

Warren Buffett must be TRADING from his BATH TUB, again.

Fri, 08/26/2011 - 15:36 | 1605296 IQ 145
IQ 145's picture

Hey what have you got against trading from your bath tub. We bath tub traders resent this, you know.

Fri, 08/26/2011 - 14:35 | 1605051 boiltherich
boiltherich's picture

Unihilation?  Clever.  But this does not mean I am giving up my campaign for the return of a spell checker here. 

Fri, 08/26/2011 - 14:49 | 1605118 DCFusor
DCFusor's picture

Running firefox over linux.  Spell checker built in on my end.  But when you depend on a spiel checker, you rape what you sew...I like being able to judge the literacy of the comments more easily myself.  Not many smart people can't do English properly.

Fri, 08/26/2011 - 14:52 | 1605131 tekhneek
tekhneek's picture

you're so punny.

Fri, 08/26/2011 - 15:27 | 1605233 Long-John-Silver
Long-John-Silver's picture

I can't imagine ever going back to Windows and it's wide open worthless security.

it's like a naked blind whore in an orgy.

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