• 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.

Dexia Nationalization Imminent?

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Sun, 10/02/2011 - 19:11 | 1731628 TradingJoe
TradingJoe's picture

Hah, by 9:30 Monday morning it'll all be good :()))))))
We all know how this is going to end...?! JPM got WM and BS, I wonder who's gonna get what's left and still valuable of Dexia?!?!?
And so on with the rest of the "stress tested" UTTERLY BROKE "financial institutions", :()))))!

Sun, 10/02/2011 - 20:17 | 1731820 gangland
gangland's picture

excerpting suskind's new book here http://falsepolitics.wordpress.com/ until i cant

Mon, 10/03/2011 - 08:02 | 1732573 MisterMousePotato
MisterMousePotato's picture

Isn't Belgium currently without a government now for about a year? Just who, then, is supposed to 'nationalize' Dexia?

Sun, 10/02/2011 - 19:04 | 1731630 Racer
Racer's picture

Futures soar on this amazingly.. bad or is it good .... news ... who cares... soar futures, it is the middle of the night and that's what always happens, so GO....BUY  BUY BUY

edit: wow... wish I had bought the futures on that comment instead of commenting LOL! But get involved in trading this farce of a 'market' ... no... what's the point, it is all a big CON

Sun, 10/02/2011 - 19:19 | 1731667 Cliff Claven Cheers
Cliff Claven Cheers's picture

The EUR is trading up as we speak. Must not be that big of deal.

Sun, 10/02/2011 - 19:38 | 1731716 Edward Fiatski
Edward Fiatski's picture

No volume.

Sun, 10/02/2011 - 19:56 | 1731770 CapitalistRock
CapitalistRock's picture

Bank nationalizations imply printed money to keep them solvent, hence assets will tend to rise as fiat currency holders will tend to take it up the ass again.

Sun, 10/02/2011 - 20:32 | 1731852 disabledvet
disabledvet's picture

Yeessssss. That's what Ms. Pillsbury told me after depositing the "cool 240 million."

With those exact words even! Who knew she could use such....VULGARITIES!

(It's very exciting really...

Sun, 10/02/2011 - 19:01 | 1731632 hondamikesd
hondamikesd's picture

My international finance professor asked the class why Belgium was involved in BIS talks, as he didn't know of any largish banks in Belgium. I suggested Dexia, at which point he gave me a quizzical look and stated, "never heard of them".

I feel that that situation will be rectified soon :).

Sun, 10/02/2011 - 20:02 | 1731784 CapitalistRock
CapitalistRock's picture

You did say he is a professor, correct?

Sun, 10/02/2011 - 20:34 | 1731862 hondamikesd
hondamikesd's picture

Yeah, legal prof. Used to do intl. securities law out of HK and London before "retiring" to academia a few years ago. I was somewhat suprised but he gets a small pass for being "back office" 

Sun, 10/02/2011 - 19:05 | 1731637 Edward Fiatski
Edward Fiatski's picture

Ho Ho Ho. I visited a Dexia bank branch when I was passing thru Belgium, Veurne - small town, great architecture. I hope the guy that helped me out there finds decent work for himself post facto.

Sun, 10/02/2011 - 19:06 | 1731644 chump666
chump666's picture

F*cking bearish.  Stocks got like three days of rallies, that's it.  EU/banks/Greece/Turmoil/Credit/liquidity crunch + China crash now happening in real tim = major selling.

 If a European bank is bailed out within the above unfolding FUBAR, liquidation trade will be back on...full force.

Sun, 10/02/2011 - 19:23 | 1731677 Yen Cross
Yen Cross's picture

F...king +1. Chump 666! That euro gap was a gimmee! Keep it ( EFFERVESant) ...    SP/ intended!  You are a good poster!

 

 

Sun, 10/02/2011 - 19:44 | 1731741 chump666
chump666's picture

 Thanks.  I gotta eat too y'know!

Thinking 3days of selling (start week) on US/EZ markets, Asia will be down most of the week.  So you should have some nice gap down trades going on.  And that is gap down on major indexes and risk trades (FX - except the AUD hahaha...till the Aussie housing markets implode!)

Sun, 10/02/2011 - 19:06 | 1731646 Fips_OnTheSpot
Fips_OnTheSpot's picture

Yet another "trigger event"?

Sun, 10/02/2011 - 19:08 | 1731648 winter is coming
winter is coming's picture

Winter is Coming

Sun, 10/02/2011 - 19:10 | 1731650 Ahmeexnal
Ahmeexnal's picture

BTFD

Sun, 10/02/2011 - 19:21 | 1731671 ISEEIT
ISEEIT's picture

STFS.

My motto.

SELL THE FUCKING SPIKE.

Fade. Always Fade.........

It's what you do this week.

Fade.

Sun, 10/02/2011 - 19:12 | 1731655 DoChenRollingBearing
DoChenRollingBearing's picture

Sudden Debt, where aRE YOU BUDDY?

Sun, 10/02/2011 - 19:28 | 1731686 Hulk
Hulk's picture

He's in line...

Sun, 10/02/2011 - 19:34 | 1731708 Edward Fiatski
Edward Fiatski's picture

LOL.

Mon, 10/03/2011 - 02:49 | 1732379 Sudden Debt
Sudden Debt's picture

My company has been taken over and I need to suck up to the new boss so I haven't had that much time to visit ZH these last weeks :)

I do follow up my friend :)

 

FOR DEXIA FOR EXAMPLE:

ALL NOTARIES AND COURTS HAVE BEEN ORDERED TO STOP DEPOSSITING CLIENTS MONEY OR FUNDS ON DEXIA AND KBC.

Everybody focusses a bit to much on just Dexia. KBC is in the same kind of shit.

And thus we are ready to lose 4X GDP and more on those 2 banks like predicted months ago.

The government is also still liable for the saving accounts of the citizens for up to 250K per person.

X 7

There's also a massive bank run happening on Dexia because almost everybody knows that they should run from it.

 

Mon, 10/03/2011 - 07:04 | 1732494 nah
nah's picture

run bitches

Sun, 10/02/2011 - 19:12 | 1731656 TradingJoe
TradingJoe's picture

STFR!!!

Sun, 10/02/2011 - 19:12 | 1731657 agrotera
agrotera's picture

Stephen King is HSBC's chief economist twin to his brother Stephen 1 ? famous novilist-- they both have a common job, tell tales of horror except in Stephen 2's case, his horror stories are all sweet smelling garbage packaged as reality. 

Sun, 10/02/2011 - 20:37 | 1731863 disabledvet
disabledvet's picture

trust me "i've had the voice over." it wasn't cool then and now that the facts back me up...actually it's kind of cool now--in a Freddy Kreuger kinda way.

http://www.youtube.com/watch?v=SIr2gBiLuIE&feature=player_detailpage

Sun, 10/02/2011 - 19:23 | 1731676 Tsar Pointless
Tsar Pointless's picture

I am shocked at the number of people - otherwise sensible, rational people - who continue to hold the belief that the stock market should always reflect reality.

That's not possible, because reality doesn't even reflect real reality.

For realz, bitchez!

Sun, 10/02/2011 - 22:47 | 1732117 bill1102inf
bill1102inf's picture

FO RIZZLE BITCHEZZ!!

Sun, 10/02/2011 - 22:47 | 1732118 bill1102inf
bill1102inf's picture

FO RIZZLE BITCHEZZ!!

Sun, 10/02/2011 - 19:23 | 1731678 buzzsaw99
buzzsaw99's picture

BONUS TIME AT DEXIA!!

Sun, 10/02/2011 - 19:26 | 1731682 r101958
r101958's picture

Time for the usual Monday morning melt up.

Sun, 10/02/2011 - 19:28 | 1731685 lolmao500
lolmao500's picture

Anyone who is still not long Belgium CDS, this is probably your last chance to get on that particular train.

 

And how do we do that?

Mon, 10/03/2011 - 02:00 | 1732352 Kiwi Pete
Kiwi Pete's picture

i like it when the baby pukes. We've all been there baby!

Sun, 10/02/2011 - 19:32 | 1731696 achmachat
achmachat's picture

if you owe Dexia half a million Euros, and they get nationalized, is that a
- good thing?
- bad thing?
- won't affect me?

Sun, 10/02/2011 - 19:42 | 1731731 Unprepared
Unprepared's picture

 - all of the above

Sun, 10/02/2011 - 19:33 | 1731706 BurningFuld
BurningFuld's picture

Damn. My money was on UBS. But it's not official yet right. So I still have a chance.

Sun, 10/02/2011 - 19:39 | 1731722 rambler6421
rambler6421's picture

Precious Metals Bitchez!

Sun, 10/02/2011 - 19:40 | 1731723 ratso
ratso's picture

Don't be s sure that much if anything of value will be left of Dexia.

Sun, 10/02/2011 - 19:41 | 1731727 tom a taxpayer
tom a taxpayer's picture

Katie bar the door!

Sun, 10/02/2011 - 19:44 | 1731740 hondamikesd
hondamikesd's picture

O/T but: anybody buy from these guys/know where I can get a similar product?

http://store.scottsdalesilver.com/product/4/10-Oz-Academy-Hand-Poured-Silver-Bar

I really like the hand poured look, it'd be perfect for my office.

Sun, 10/02/2011 - 20:10 | 1731809 Esso
Sun, 10/02/2011 - 20:36 | 1731868 hondamikesd
hondamikesd's picture

+1, thanks! Those are lovely, though a 1,000 oz.'er might have to wait until after my copper puts come through :)

Sun, 10/02/2011 - 21:43 | 1731999 traderjoe
traderjoe's picture

I would never order from nwt mint again.

Sun, 10/02/2011 - 21:54 | 1732014 hondamikesd
hondamikesd's picture

I haven't used them. Bad experience?

Sun, 10/02/2011 - 21:12 | 1731931 ziggy59
ziggy59's picture

www.monarchpreciousmetals.com

 

beautiful hand poured bars 1 oz. and up.. comparative prices and great service imo.

Sun, 10/02/2011 - 21:19 | 1731954 hondamikesd
hondamikesd's picture

+1 Thanks Ziggy, those look damn good as well!

Sun, 10/02/2011 - 19:55 | 1731767 Seasmoke
Seasmoke's picture

did business in USA last year with a Belgium corporation who was in receivership.....they couldnt make a decision without it going thru so much red tape , nothing ever got completed....the ceo of american operation left in early spring as the writing was on the wall .........all of Belgium is a financial ticking time bomb

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