5 Handle For BAC As GM Now A Teenager, At 50% Of Post IPO High

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Fri, 09/23/2011 - 08:09 | 1700427 Quadlet
Quadlet's picture

Bailout time.

Fri, 09/23/2011 - 08:11 | 1700439 oobrien
oobrien's picture

Second, bitches!

I can't be first all the time.


Fuck the world.

Fri, 09/23/2011 - 08:21 | 1700475 Comay Mierda
Fri, 09/23/2011 - 08:38 | 1700527 OOONONO
OOONONO's picture

That is better than sh*ting the bed!

btw, "poop in the tub" reminds me of caddyshack ... ahhh, those were the days


Fri, 09/23/2011 - 10:30 | 1700934 rcintc
rcintc's picture

Looks like GM is on its way to Chapter 22! (Chapter 11 for a 2nd time!)

Fri, 09/23/2011 - 11:54 | 1701529 Young Buckethead
Young Buckethead's picture

I would question who is going to get the prime assets after the debtor reassignments? Apart from the massive Federal holdings, who is most likely to acquire the best of the best, so that nothing will be left for the US taxpayer? Solyndra, part deux?

Fri, 09/23/2011 - 08:12 | 1700441 Snidley Whipsnae
Snidley Whipsnae's picture

Here's how the Marx Brothers would solve this slo-mo train wreck...


Fri, 09/23/2011 - 08:44 | 1700551 Mesquite
Mesquite's picture

Yup, sure seems like Washington's playbook...

Good chuckle...thanks...! 

Fri, 09/23/2011 - 08:45 | 1700560 Stoploss
Stoploss's picture

PAGING:  RULE 48, 49, 50, 51 and 52.  CODE BLUE!! CODE BLUE!!

Fri, 09/23/2011 - 13:03 | 1701960 covert
covert's picture

somehow there should be an ironclad rule against all bailouts.



Fri, 09/23/2011 - 08:09 | 1700430 max2205
max2205's picture

Fucked by the full faith and credit of the USA. Bwaaaaaa

Fri, 09/23/2011 - 08:10 | 1700438 GeneMarchbanks
GeneMarchbanks's picture

United Warrens of America to the rescue... (yawn)

Fri, 09/23/2011 - 08:14 | 1700442 Mae Kadoodie
Mae Kadoodie's picture

Five is the loneliest number that you'll ever do...

Fri, 09/23/2011 - 08:18 | 1700462 wombats
wombats's picture

It will get a lot lonlier as it falls thru 4...3...2...1...ZIPPO.

Fri, 09/23/2011 - 10:33 | 1701060 tekhneek
tekhneek's picture

It's so hilarious to watch it cling to 6. It's almost like watching that person running with their shoe lace untied. Sure you can run for awhile, but eventually you're going to fall on your face.

My puts are in position! C'mon let's get this show on the road.

Fri, 09/23/2011 - 13:03 | 1701963 Sheriff Douchen...
Sheriff Douchenik from AZ's picture

Just jump on seekingalpo.com to see all the giddy (well not so much now) continually wax about Buffett is the smartest ever.... does anyone on that site ever make money trading or is it all donations to unions (GM) and Obama (Berkshire) worship?

Fri, 09/23/2011 - 08:12 | 1700443 johnnymustardseed
johnnymustardseed's picture

Turn on the printing press, it will all be better. Dollar is the safe haven.  Vomit!

Fri, 09/23/2011 - 08:32 | 1700515 LongBalls
LongBalls's picture

You are correct sir. Push everyone into treasuries as termoil around the globe intensifies. Then print and push money back into the banks, stocks, and commodities. They have NO choice or it all collapses!

This will be the last such event. I predict next time this happens, which is not far off, we will be engaged in another war and someone will arise with a "total" solution, a.k.a. consolidation of power and money.

Fri, 09/23/2011 - 10:37 | 1701084 tekhneek
tekhneek's picture


I'm betting that China's been using their currency reserves to short the PMs along with the cabal but they're not settling in paper. They're buying the real shit at the same time.

When the time comes, they'll call the credit bluff and watch all the fiat collapse and they'll have bought themselves a brand new reserve currency.

That's when we'll go to War.


Fri, 09/23/2011 - 22:10 | 1704266 LongBalls
LongBalls's picture

China has to do something to back the Pan-Asian Exchange 1:1. When that biznatch opens you will need ear plugs to sleep at night as the giant sucking sound of liquidity around the world starts to head east. They are going to need a crap load of PHYZ!!! It could not come fast enough for me.

But alas, even if gold and silver were to go to zero I could give to shiznitz. I love the stuff. Some people like model airplanes. Some people like golf. I like counting my phyz......over, and over, and over again!!!


Fri, 09/23/2011 - 08:12 | 1700444 spiral_eyes
spiral_eyes's picture

I wish Becky Quick would fuck me in the bath...

But not if it lead me to make stupid $5 billion impulse buys....

Fri, 09/23/2011 - 08:42 | 1700543 OOONONO
OOONONO's picture

Actually, Quick is not her real last name ... see the ole' coot pops a pill, and then, when the magic happens, yells "Becky, quick!" (before it goes back to flaccid ...)

Fri, 09/23/2011 - 08:13 | 1700447 Fix It Again Timmy
Fix It Again Timmy's picture

Houston,Houston!!! Houston, please pick uuuuuuuuuuuuuuuuuuup..............

Fri, 09/23/2011 - 08:14 | 1700449 westboundnup
westboundnup's picture

BAC is whack.

/Whitney Housten voice/

Fri, 09/23/2011 - 08:22 | 1700478 johnQpublic
johnQpublic's picture

i smoked a joint with her once

Fri, 09/23/2011 - 08:44 | 1700549 OOONONO
OOONONO's picture

i stroked her right between the joints once ...

Fri, 09/23/2011 - 11:07 | 1701235 sun tzu
sun tzu's picture

Was that before or after she became a crack whore?

Fri, 09/23/2011 - 08:15 | 1700451 JJSF
JJSF's picture

I read last week that Warren is holding a a big fund raiser for Obama for like $35k/plate. My guess is Barama will be pulling every string he can to get it done for him.

Fri, 09/23/2011 - 08:15 | 1700452 Ned Zeppelin
Ned Zeppelin's picture

Obama et al shrugging and saying "what can I do our boys are not playing ball over there at Mariner Eccles. You call em, asshole. They're your people. not mine. I just work for them."  

Fri, 09/23/2011 - 08:16 | 1700454 buzzsaw99
buzzsaw99's picture

The UAW got a bonus from GM. They learn fast.

Fri, 09/23/2011 - 08:43 | 1700546 Blano
Blano's picture

Yeah, a 5K signing bonus AND starting pay jumping from $14.38 to over $19.  Nice work if you can get it.

Fri, 09/23/2011 - 10:29 | 1701044 Hedgetard55
Hedgetard55's picture

Obama andd crew busting out GM, er.. the US taxpayer.

Fri, 09/23/2011 - 08:15 | 1700455 King_of_simpletons
King_of_simpletons's picture

Dick Bove must be thinking and probably saying it loud to a few of his followers, "Wow what a multi-generational buying opportunity in BAC". HA !

Fri, 09/23/2011 - 08:16 | 1700457 bigwavedave
bigwavedave's picture

Silver, Bitchez..... Errr....

Fri, 09/23/2011 - 08:21 | 1700472 johnQpublic
johnQpublic's picture


Fri, 09/23/2011 - 08:24 | 1700487 UGrev
UGrev's picture

Hell ya.. if I could back up the truck, I would have. Had to dip into my reserve just for a few ounces.. but it was worth it. 

Fri, 09/23/2011 - 08:21 | 1700477 Ivanovich
Ivanovich's picture

I could stare at your avatar all day.

Fri, 09/23/2011 - 08:17 | 1700458 Paper CRUSHer
Paper CRUSHer's picture

Gimme a high five brudder.

Fri, 09/23/2011 - 08:17 | 1700459 pelican
pelican's picture

A week ago, I wanted to transfer what little I had left in an IRA out of stocks.  My "broker" told me he was going to place it into something safe: Mortgage backed securities.

I regret giving Wall Street any of my money to watch. 

Fri, 09/23/2011 - 08:46 | 1700565 OOONONO
OOONONO's picture

you must be kidding - either that, or you are nucking futz!   I mean - what you are admitting to is about the ultimate insult around here - you are joking, right?

Fri, 09/23/2011 - 08:17 | 1700460 Gringo Viejo
Gringo Viejo's picture

......."and children shall lead them"...........................

Fri, 09/23/2011 - 08:19 | 1700467 Bokkenrijder
Bokkenrijder's picture

How is that Donnie Trump index doing by the way?

Fri, 09/23/2011 - 08:19 | 1700469 johnQpublic
johnQpublic's picture

as for GM,... maybe they should consider making at least one vehicle thats not a total piece of shit

i understand you have to sell parts and service as well as vehicles, but they shouldnt be falling apart at 40,000 miles

and thats if you are lucky

the only reason they arent out of business is the truck line because so many aftermarket parts are available you can at least fix them

Fri, 09/23/2011 - 08:41 | 1700538 in-Credible Banker
in-Credible Banker's picture

OMG JQ you are sooooooo spot on.

My wife used to work at a Pontiac dealership so in 2005 I paid cash for a fully loaded brand new Bonneville SLE.  I had normally been a new car every 3 year kind of person but, owing to my belief that cars are a complete waste of money I have kept this vehicle since.  I travel a lot so the car sits at the airport for days at a time.  Only has 50,000 miles on it.

In the last little while I have.....

- spent $1,600 fixing a coolant leak and related damage

- $900 bucks to reset and fix the "Brake Fluid" and "check engine" lights that were on simultaneously

- new brake pads and (for the second time on this piece of crap) rotors.

Anyone who invests in the equity of GM, ever, should have "retard" stamped on their head.  As for those who actually buy their products I say to myself....lesson learned.





Fri, 09/23/2011 - 10:40 | 1701098 tekhneek
tekhneek's picture

I bought a 2008 honda civic. I haven't had to do anything to it besides change the oil and put gas in it.



Fri, 09/23/2011 - 13:09 | 1702001 Sheriff Douchen...
Sheriff Douchenik from AZ's picture

ICB - thanks for your honestly. I owned a 94 Transam that fuking broke everyother week even when stored over winters...Got a '91 Acura NSX thats been bulletproof. That being said Honda's turned into a piece of shite wannabe green car manufacturer with nothing remotely interesting and the 9gen Civic is 2 steps backwards.

Hyundai and Kia seem to be the most engerized right now and making great cars.

Fri, 09/23/2011 - 08:20 | 1700470 buzzsaw99
buzzsaw99's picture

Moody's downgrades Greek banks. Late to the party, as usual. LMAO!

Fri, 09/23/2011 - 08:20 | 1700471 koaj
Fri, 09/23/2011 - 08:21 | 1700474 Moneyswirth
Moneyswirth's picture

SP futures down 20?  Or is my screen frozen from yesterday morning.


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