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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", :()))))!
excerpting suskind's new book here http://falsepolitics.wordpress.com/ until i cant
Isn't Belgium currently without a government now for about a year? Just who, then, is supposed to 'nationalize' Dexia?
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
The EUR is trading up as we speak. Must not be that big of deal.
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.
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...
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 :).
You did say he is a professor, correct?
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"
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.
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.
F...king +1. Chump 666! That euro gap was a gimmee! Keep it ( EFFERVESant) ... SP/ intended! You are a good poster!
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!)
Yet another "trigger event"?
Winter is Coming
SELL THE FUCKING SPIKE.
Fade. Always Fade.........
It's what you do this week.
Sudden Debt, where aRE YOU BUDDY?
He's in line...
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.
There's also a massive bank run happening on Dexia because almost everybody knows that they should run from it.
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.
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.
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!
FO RIZZLE BITCHEZZ!!
BONUS TIME AT DEXIA!!
Time for the usual Monday morning melt up.
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?
i like it when the baby pukes. We've all been there baby!
if you owe Dexia half a million Euros, and they get nationalized, is that a
- good thing?
- bad thing?
- won't affect me?
- all of the above
Damn. My money was on UBS. But it's not official yet right. So I still have a chance.
Precious Metals Bitchez!
Don't be s sure that much if anything of value will be left of Dexia.
Katie bar the door!
O/T but: anybody buy from these guys/know where I can get a similar product?
I really like the hand poured look, it'd be perfect for my office.
Here ya go, brutha...
+1, thanks! Those are lovely, though a 1,000 oz.'er might have to wait until after my copper puts come through :)
I would never order from nwt mint again.
I haven't used them. Bad experience?
beautiful hand poured bars 1 oz. and up.. comparative prices and great service imo.
+1 Thanks Ziggy, those look damn good as well!
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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