BIG PIS: The CEO Of Europe's Most Troubled Bank, Dexia, Quits As Contagion Tsunami Sweeps Over Belgium

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Mon, 09/05/2011 - 14:48 | 1635327 speconomist
speconomist's picture

GIPSY B- ???








Mon, 09/05/2011 - 14:50 | 1635344 WoodMizer
WoodMizer's picture

BIGPIGS, if you count Greece twice.

Mon, 09/05/2011 - 14:59 | 1635386 Spastica Rex
Spastica Rex's picture

What a Big Pig might sound like:

Mon, 09/05/2011 - 20:43 | 1636528 eisley79
eisley79's picture

count scotish banks, and you got yourself a BIG PISS

Mon, 09/05/2011 - 20:45 | 1636532 eisley79
eisley79's picture

Europe is going to R. kelly the world's financial system right on cue to justify QE3, then we are only one more dead cat bounce from QE4 which will have no effect, and the Great Depression 2 can finally get rolling.

Mon, 09/05/2011 - 23:49 | 1637072 Buck Johnson
Buck Johnson's picture

You got that right.  I'm getting a very very bad feeling that the when individuals in charge of large banks or institutions just up and leave like that, it usually means he's getting out while he can.  The rats are leaving the ship and it's suddenly starting to look as if all of them are going out the door at the same time.  Belgium has had issues for a few years now, what has happened is that the media has been focused on Greece then Ireland then Greece (remember Spain said there was nothing wrong and Italy was saying there was nothing wrong) then Spain and Italy.  Now Belgium is coming out and as someone else said Scotlands banks are in just as bad of a shape. 


So your correct, it should be called BIG PISS.  And that is what they all will do to each other and the EU

Sat, 12/10/2011 - 06:46 | 1965717 jaffa
jaffa's picture

In some countries such as Germany, banks have historically owned major stakes in industrial corporations while in other countries such as the United States banks are prohibited from owning non financial companies. In Japan, banks are usually the nexus of a cross share holding entity known as the keiretsu. Thanks a lot.
small business factoring

Thu, 03/29/2012 - 02:31 | 2299779 jaffa
jaffa's picture

Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Non banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account. Thanks for sharing.
granite countertop toronto

Mon, 09/05/2011 - 15:11 | 1635432 Ahmeexnal
Ahmeexnal's picture

no need for counting twice. germany is the other G

but the sheeple hardly notice.

they are more interested in the latest reality crap show: which "illegal" immigrant gets worthless fiat paper as he gets deported.

WEG VAN NEDERLAND:,1518,783830,00.html

Mon, 09/05/2011 - 16:21 | 1635713 Perotinus
Perotinus's picture

It would be nice to know what precisely the Netherlands have to do with Belgium (besides the fact that the Belgian kicked them out of their territory in 1830)?

Mon, 09/05/2011 - 17:41 | 1635877 TruthInSunshine
TruthInSunshine's picture



What he's not saying is that it's actually far worse than 2008 (he is insinuating it, though):

European banks face collapse under debts, warns Deutsche Bank chief Josef ... - Louise Armitstead - ‎3 hours ago‎ Josef Ackermann, the chief executive of Deutsche Bank, Germany's biggest bank, has warned that "numerous" European lenders would collapse if they were forced to book their losses on stricken sovereign bonds. By Louise Armitstead Mr Ackermann said that ...

Ackermann unplugged
FT Alphaville (blog) - Neil Hume - ‎11 hours ago‎ RTRS – SOME BANKS WOULD NOT SURVIVE HAVING TO REVALUE ALL SOVEREIGN DEBT AT MARKET LEVELS – SPEECH TEXT. A statement of the obvious you might think. But what makes the above interesting is the source: outgoing Deutsche Bank chief executive, ...
Europe crisis could destroy banks - ‎55 minutes ago‎
Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank Chief Executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances. "Prospects for the financial sector ...
Agenzia Giornalistica Italia - ‎10 hours ago‎ (AGI) Frankfurt- Josef Ackermann, Deutsche Bank CEO, has announced he will step down as chairman of the IIF in 2012. He stated, "In the new year I will leave my post" at the Institute of International Finance; in 2012 he will step down as CEO of ...
Mon, 09/05/2011 - 17:13 | 1635872 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Pitkinville, Montana -- the little town with big heart and BIGPIGS!!!

cue to 2:22

Mon, 09/05/2011 - 18:39 | 1636087 JethroBodien
JethroBodien's picture

Rally time!

Mon, 09/05/2011 - 14:54 | 1635356's picture

Rather than BIG PIS how about BIG SIP? That's what they get when they belly up to bar at Jean Claude & Bennie's.

Mon, 09/05/2011 - 14:55 | 1635369 DoChenRollingBearing
DoChenRollingBearing's picture

That's good!

BIG SIP.  A keeper.

Now how do we add the "A" for America?

Mon, 09/05/2011 - 15:08 | 1635434 Topher
Topher's picture


Mon, 09/05/2011 - 15:07 | 1635438 cossack55
cossack55's picture

"Please, have A BIG SIP."

Mon, 09/05/2011 - 15:08 | 1635442 Stumpy
Stumpy's picture

Using an anagram generator?

Mon, 09/05/2011 - 15:09 | 1635450 Stumpy
Stumpy's picture

I love "Bi Pigs"

Mon, 09/05/2011 - 15:15 | 1635480 Sudden Debt
Sudden Debt's picture

What are that? PIGS that swing both ways?


Mon, 09/05/2011 - 15:22 | 1635506 walküre
walküre's picture

You should be on the move.. to Germany that is.

Mon, 09/05/2011 - 16:32 | 1635750 ParaZite
ParaZite's picture

Bi Pigs = everybody's getting raped!

Mon, 09/05/2011 - 21:23 | 1636697 robobbob
robobbob's picture

never fear bearing, so long as America has at least one aircraft carrier battle group still floating, we will never join the sovereign soup kitchen crowd.

Mon, 09/05/2011 - 21:33 | 1636726 sgorem
sgorem's picture

one carrier and 100 admirals at the helm matey.......

Mon, 09/05/2011 - 14:58 | 1635384 Roger Knights
Roger Knights's picture


PIG SIB? (sibling) (pig brother)

Mon, 09/05/2011 - 21:36 | 1636734 sgorem
sgorem's picture

we might as well add Luxembourg(they'll bite the dust as well sooner or later) AND call them the BIG yeah? maybe?........

Mon, 09/05/2011 - 15:13 | 1635469 Mec-sick-o
Mec-sick-o's picture


Mon, 09/05/2011 - 17:01 | 1635845 Cash-NonCash
Cash-NonCash's picture

GYPSY anything is appropriate but the best anagram for this is "Aw snap, aw snap. Come to my macaroni party and take a nap".


Mon, 09/05/2011 - 15:16 | 1635484 walküre
walküre's picture



Mon, 09/05/2011 - 16:25 | 1635720 Anonymouse
Anonymouse's picture

Given that the problem comes from banks, I suggest we hearken back to Basel and go with


At least until France and Netherlands join in.  Then DoctorMad's suggestion has to be the winner.

Mon, 09/05/2011 - 17:09 | 1635863 Al Gorerhythm
Al Gorerhythm's picture






European Union

Republic of Ireland


Mon, 09/05/2011 - 19:14 | 1636213 HistorySquared
HistorySquared's picture

No chance Ben realizes these losses.

Mon, 09/05/2011 - 14:47 | 1635329 Mongo
Mongo's picture

Herman von Rumpoys home turf... EU spreading their fescies around...

Mon, 09/05/2011 - 14:48 | 1635331 Dismal Scientist
Dismal Scientist's picture

Where's Sudden Debt when you need your resident Belgian ?

Mon, 09/05/2011 - 14:54 | 1635360 DoChenRollingBearing
DoChenRollingBearing's picture

Bet he comes by soon!

Mon, 09/05/2011 - 15:02 | 1635402's picture

That's one Belgian that doesn't waffle.

Mon, 09/05/2011 - 15:20 | 1635497 Sudden Debt
Sudden Debt's picture

I'm always here :)

If I have any adiction, it's ZH, and silver collecting :)

Mon, 09/05/2011 - 17:16 | 1635878 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Sure, you can stop reading ZH compulsively anytime you feel like it, BUT can you sit still for just one minute?  That's what I thought.

Mon, 09/05/2011 - 23:35 | 1637044 Rome is burining
Rome is burining's picture

Good man! Not many other places worthy to spend your time and money on ! Close to the best show in town for a buck!

Mon, 09/05/2011 - 15:21 | 1635503 walküre
walküre's picture

Still in shock.

Once he recovers, he may be booking a ticket, packing his stuff and rushing to an airport or train station?

Don't count on him just yet. He'll come back posting from Germany.

Mon, 09/05/2011 - 15:23 | 1635509 Sudden Debt
Sudden Debt's picture

If I ever leave my country, it will be to somewhere HOT!


Mon, 09/05/2011 - 15:30 | 1635533 Flakmeister
Flakmeister's picture

Don't think they'll like your kind in Texas....

Mon, 09/05/2011 - 15:51 | 1635604 Sudden Debt
Sudden Debt's picture

I actually have some friends in Texas :) I love the food. To bad your flag kind of looks like it fell on it's back....


Mon, 09/05/2011 - 16:06 | 1635665 Kuri
Kuri's picture

I'm half belgian, half Italian. My wife is japanese. Hard to find a place to escape... But wait... i've have some relatives in Canada !!! Canada... is a great place to start a new life , no ???

Mon, 09/05/2011 - 16:07 | 1635668 Flakmeister
Flakmeister's picture

Yep... but you might want to check the weather is not to everyones liking.

Mon, 09/05/2011 - 16:32 | 1635744 Sudden Debt
Sudden Debt's picture

Here in Belgium it rains 367 days a year. Just imagine how that's possible....

 and if it doesn't rain we blame global warming.


Mon, 09/05/2011 - 17:49 | 1635974 Ag1761
Ag1761's picture

SD if you don't like the rain then don't come to Scotland, the rain here makes Belgium look like a desert

Mon, 09/05/2011 - 16:34 | 1635753 lance_manion
lance_manion's picture

Maybe not, but it keeps out the riff-raff. 

Mon, 09/05/2011 - 16:06 | 1635666 Flakmeister
Flakmeister's picture

As do I.... but Austin is not exactly typical of Texas. Once had pan-fried oysters with Habanero peppers in Tex-Mex Nouveau Cusine kind of bistro there... One of best meals I have ever had in the US

Mon, 09/05/2011 - 16:39 | 1635774 New_Meat
New_Meat's picture

"... but Austin is not exactly typical of Texas."

Don't cha' know.

- Ned

{271.8 square miles separated from reality in all directions}

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