BofA Warns Upcoming "Desperate Measures" By Authorities Will Result In Another 2008 Market Collapse

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Mon, 08/22/2011 - 14:35 | 1586962 Cognitive Dissonance
Cognitive Dissonance's picture

Just about a month ago weren't all the banks holding hands and singing Kumbaya? I smell a coordinated dump.

Can we get a courtesy flush please?

Mon, 08/22/2011 - 14:37 | 1586978 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Can we have Bank of America wipe its own ass, please?

Mon, 08/22/2011 - 14:44 | 1587019 Fukushima Sam
Mon, 08/22/2011 - 14:46 | 1587037 egdeh orez
egdeh orez's picture

Longest 100 hours is a victory for the bulls!

Mon, 08/22/2011 - 14:53 | 1587071 malusDiaz
malusDiaz's picture

The Mark aka BoA, has learned of what role its about to play...

Mon, 08/22/2011 - 15:12 | 1587156 zenbones
zenbones's picture

Somebody's gotta be sacrificed to Mammon.

Mon, 08/22/2011 - 17:11 | 1587655 TruthInSunshine
TruthInSunshine's picture

The Bernank will forget to sterilize the AIDS-Ebola-FleshEatingBacterium contaminated needle and/or give a fatal dose of Heroin to the Wall Street Junkies who now are completely jonesing for a fix.

Their skin is crawling and they have imaginary snakes, spiders and roaches crawling all over their bodies.

Hurry Bernank! Administer the fatal dose!

Do it, Bernank, do it!

Mon, 08/22/2011 - 18:19 | 1587912 Ahmeexnal
Ahmeexnal's picture

Wikileaks confirms destruction of BofA bombshell evidence:

http://www.businessinsider.com/wikileaks-bank-of-america-daniel-domschei...

 

Seems like BofA handed out phat bonuses to the script kiddies.

Is that why Assange is off the hook?

Mon, 08/22/2011 - 17:53 | 1587807 akenathon
akenathon's picture

okay let's assume that this time around no one get fundings as in 2008...

1) Run on banks...I personally think that if that happens...they will close the banks after 48 hours

2) People get killed on the Treasuries as the money will be for sure blocked for "other" purposes...which are numerous

3) The world's finance as we know it will cease to exist

4) They will revalue the US dollar and Europe will follow (they are both the biggest holders of Gold) by attaching to the US dollar

5) They will make US dollar convertible into Gold at a rate far higher than today as such that all the liabilities are covered by Gold assets

6) China will be left with nothing and their hopes to become a financial super power are wiped out in a single day as all their assets will be down 50%

So if money gets nothing and Bretton Woods II is to come back where to put the money apart from Gold?

 

Mon, 08/22/2011 - 19:48 | 1588263 Ahmeexnal
Ahmeexnal's picture

So if money gets nothing and Bretton Woods II is to come back where to put the money apart from Gold?

 

1s2 2s2 2p6 3s2 3p6 4s2 3d10 4p6 5s1 4d10

 

Tue, 08/23/2011 - 02:35 | 1589305 Cast Iron Skillet
Cast Iron Skillet's picture

you a goddamn chemist or something? just say, "SILVER!!!" :-)

Mon, 08/22/2011 - 14:54 | 1587074 Buckaroo Banzai
Buckaroo Banzai's picture

"Desperation is a stinky cologne." --  Chief Bruce Grady

Mon, 08/22/2011 - 15:48 | 1587291 glenlloyd
glenlloyd's picture

In other words BOA is up shit creek without a paddle if the Fed doesn't 'do something'

Mon, 08/22/2011 - 17:10 | 1587644 Freddie
Freddie's picture

I guess BOA's mortgages, HEILOCs and credit cards they handed out to illegal aliens did not go very well.  Real estate armageddon brought to you by community organizers.

Mon, 08/22/2011 - 17:33 | 1587738 New_Meat
New_Meat's picture

"Bank of Amigos"

Mon, 08/22/2011 - 15:24 | 1587203 Piranhanoia
Piranhanoia's picture

a firehose and a hazmat suit

Mon, 08/22/2011 - 15:58 | 1587336 Lord Welligton
Lord Welligton's picture

and Fulfilled by Amazon.

Gift-wrap available.

That's just sick.

Mon, 08/22/2011 - 17:16 | 1587683 Use of Weapons
Use of Weapons's picture

When I thought my mind could no longer be shocked, I discover an entire market of Chinese made plastic appendages designed so fatties can wipe. That's about the only growth sector in the US economy at the moment, pissed off I missed it.

 

Times were when that was a royally appointed position, or you paid good money to a nurse - democracy in action, one supposes.

Mon, 08/22/2011 - 14:47 | 1587044 MillionDollarBonus_
MillionDollarBonus_'s picture

You may be shocked but I'm actually becoming quite annoyed with Dr. Bernanke. Bernanke has become frustratingly hawkish over the course of this year and my equity portfolio is now heavily underwater due to his lack of decisiveness. I sincerely believe it is time for Obama to pick a new Fed chairman who has the courage to provide the monetary stimulus that this economy is BEGGING for.

Mon, 08/22/2011 - 14:56 | 1587087 walküre
walküre's picture

Not sure if you're joking. But you actually make sense. Dr. Ben hasn't done what is required.

Ask yourself why. Answer, he's not there to serve YOU. His friends have made it rich and now you're going to loose.

Mon, 08/22/2011 - 15:04 | 1587120 Joe Sixpack
Joe Sixpack's picture

Are you sure he is not one of the Bernank's pals? Maybe he is still waiting for his payout (ala Madoff).

Mon, 08/22/2011 - 15:11 | 1587150 walküre
walküre's picture

Perhaps. But what just comes to mind is that Obama could put the blame squarely on Bernanke if the economy goes into the toilet and ride his 2012 campaign to go "all in" with Americans on the back of failed Fed policies.

MillionDollarBonuses may be a troll, but there's an angle to the rhetoric.

Obviously most here know that QE's intention was a "Friends of Ben" program.

Mon, 08/22/2011 - 15:27 | 1587220 rgd
rgd's picture

Dr. Bernanke is the student of the Great Depression.  He doesn't have to answer to nobody.  He knows what he is doing.

Mon, 08/22/2011 - 16:08 | 1587362 tgatliff
tgatliff's picture

Exactly.  He is a student of the Great Depression.  Not a teacher... And we all know the kinds of mistakes students can make...  It is rather obvious that Mr. B didnt learn enough about what actually occurred during the GD...  

Mon, 08/22/2011 - 17:41 | 1587760 johnnynaps
johnnynaps's picture

Yep, also makes him perfectly qualified to handle the toxic market that was created well AFTER the Great Depression. Just like hiring a specialist that works on antique Fords to fix your 2011 Lexus.

Mon, 08/22/2011 - 15:29 | 1587232 Smiddywesson
Smiddywesson's picture

Uncle Ben tried to restart the economy, but Uncle Alan blew the engine.  Since then, Ben has been very successful in keeping the markets afloat, kicking the can, and getting gold into the vaults of central banks. 

Not a bad job from thier point of view, but TPTB are not out of the woods yet.

Mon, 08/22/2011 - 16:50 | 1587564 RockyRacoon
RockyRacoon's picture

You're on to something here.   How can He be considered a failure?  Has He not done everything the Banks have wanted Him to do?   How can He be out of bullets when He has the golden printing press?   Bullets come in all forms and He has the ultimate weapon.   Praise be unto His Highest.

Mon, 08/22/2011 - 15:00 | 1587097 TheTmfreak
TheTmfreak's picture

This post is bullish for heroin injections.

Mon, 08/22/2011 - 15:04 | 1587121 mfoste1
mfoste1's picture

troll

Mon, 08/22/2011 - 15:06 | 1587124 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Chairsatan Kkkrugman it is!

Mon, 08/22/2011 - 15:10 | 1587148 Confused
Confused's picture

LOVE THIS GUY!  He is too funny.

Mon, 08/22/2011 - 15:18 | 1587184 Popo
Popo's picture

That was supposed to be a joke, right?

Mon, 08/22/2011 - 18:00 | 1587834 rbsx
rbsx's picture

The question is not whether American industry is begging for it, but rather if it deserves it.

The only purpose QE3 will serve is akin to keeping Terry Schiavo on life support, you can keep industry alive, but keeping it alive through artificial life support, rather than industry innovating to keep competitive and sustainable worth it?

There, for all intents and purposes been 2 bail outs, yet most industries are suffering. Is it the fault of the politicians? Sure partly, but does some of the responsibility lie with the businesses that have made bad decisions? Even more so.

3 strikes and business is out man, time to let them sink like they deserve.

Mon, 08/22/2011 - 20:03 | 1588306 Hulk
Hulk's picture

Nice one Hamy!!!

Mon, 08/22/2011 - 15:00 | 1587100 eureka
eureka's picture

Will there be a moment of truth? Death to the bull by the toreador of no bailouts?

Mon, 08/22/2011 - 14:39 | 1586989 Crisismode
Crisismode's picture

Well, you know, The Bernank has more important banking matters on his plate right now.

 

That would be The European Banks, of course.

Once he's finished doling out a few Trillion to the PIIG banking cartel

THEN he will get around to taking care of the American banking cartel.

Or, are they all one and the same, perhaps?

Mon, 08/22/2011 - 14:47 | 1587043 Shitters_Full
Mon, 08/22/2011 - 15:06 | 1587125 lolmao500
lolmao500's picture

BAC pay off has been successful.

http://en.wikinoticia.com/Technology/general-technology/95029-openleaks-...

OpenLeaks founder destroys cables WikiLeaks Bank Of America

Daniel Domscheit-Berg, founder of OpenLeaks who defected from WikiLeaks last year, has announced (later confirmed by Assange ) the destruction of the cache of 3,500 documents that had not seen the light of WikiLeaks. Thousands of documents that were entered 5GB of Bank of America had taken with him when he left the organization with a server. The reason, it has the same Domscheit, maintain safety of informants.

The data will never see the light refers to a series of cables obtained by WikiLeaks between January 2010 and August of that year. Daniel himself has been Domscheit-Berg who leaked documents the destruction of the German newspaper Spiegel .

Apparently, Berg Domscheit WikiLeaks left with a server of the organization that contained a large number of yet unpublished material.

Mon, 08/22/2011 - 16:52 | 1587578 RockyRacoon
RockyRacoon's picture

Who is the Dumbshit-Berg guy again?   He took off with the goods and then trashed them -- er what?

Mon, 08/22/2011 - 14:58 | 1587095 01022010
01022010's picture

"coordinated dump"  reminded me of this:  http://bobchapman.blogspot.com/2011/05/they-will-pull-plug-for-economy-before.html

pieces are starting to come together??

Mon, 08/22/2011 - 15:07 | 1587134 Cognitive Dissonance
Cognitive Dissonance's picture

If Zimbabwe Ben doesn't come through in Jackson Asshole we might just see the Mother Of All (MOA) coordinated dumps after all.

Go long popcorn and a real time market feed.

Mon, 08/22/2011 - 16:53 | 1587580 RockyRacoon
RockyRacoon's picture

Sounds like I need to go long Charmin.

Mon, 08/22/2011 - 20:04 | 1588310 Hulk
Hulk's picture

Either that, or stop using your left hand for eating...

Mon, 08/22/2011 - 18:01 | 1587836 New_Meat
New_Meat's picture

CD--are we reaching "Peak Popcorn?"  Especially with 1/2 of the corn crop going to Ethanol production (not that there's anything wrong with that, except when it's burned).

T'would be a shame, peak popcorn.

- Ned

Mon, 08/22/2011 - 15:27 | 1587221 Life of Illusion
Life of Illusion's picture

 

 

Bof A over 50 billion in assets.

Dodd-Frank gives Fed full control.

 

Mon, 08/22/2011 - 16:35 | 1587505 bbaez
bbaez's picture

Can we guess who will get first crack at the estate sale?

Mon, 08/22/2011 - 15:45 | 1587283 Smiddywesson
Smiddywesson's picture

I used to think the dollar was going to go to zero, but I also came to the realization that if all the central banks and governments are coordinating kicking the can and suppressing gold prices while they buy cheap gold, they will coordinate the crash too. 

There's no way the banks of the world are going to let us pay off our mortgages with funny money.  They will pull the plug and move us to a gold related standard before they take that haircut.  If they are successfull in amassing enough gold first, they will be not only solvent but incredibly wealthy.

Mon, 08/22/2011 - 15:04 | 1587118 IQ 145
IQ 145's picture

Well, I'm holding on to my 1000 share block bought at $7.37; I'saying $6.50 is a double bottom; at $6.35, I'm sayin "good bye"  A mere flesh wound. Although I wish people at the bank would keep their damn mouth shut; we don't need to hear no stuff about financial problems anounced by a Bank. Don't they have any sense, or what?

Mon, 08/22/2011 - 15:58 | 1587335 Spastica Rex
Spastica Rex's picture

Grifters need to stay on script.

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