Dexia Suspended

Tyler Durden's picture

After the stock tumbled 20% on the day, and 45% in the past week, the life support plug appears to have been mercifully pulled. Next up: Dexia's website experiences a "bank of america" moment?

But fear not: here is what the head of the Belgian government would say... if, of course, Belgium had a government.

Or not:


And the Belgian yield curve starts to bear flatten...

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wang's picture
wang (not verified) Oct 6, 2011 9:23 AM

where's Sudden Debt?

excuse me



Fips_OnTheSpot's picture

Hopefully picking up the next delivery PM ..

achmachat's picture

"my" dexia is the luxembourg dexia-BIL unit. This morning it was decided to split off Dexia because the Luxembourg unit is actually a profitable bank.
So no bank run here in tiny Luxembourg. Yet.

disabledvet's picture

word is CNBC has him under contract. Should be appearing shortly on the bottom right hand side of your TV screen anytime someone tries to make a point about "you wanna buy this" or "you need to be in that." He's been "advanced a little"--allowing him to turn upward and to the right with a "face of incredulity" added.

slewie the pi-rat's picture


red warrant from the int'l criminal court?  L0L!!!

i've been wondering the same about our old vunderkind Frank_N_Stein? 

maybe they have been rendered, tortured, and martyred?  or maybe they should pay their damned bills and re-connect? 

rambler6421's picture

Bank Run Bitchez!

cbxer55's picture

And according to Mish, that is what is happening at BAC. Yet there stock is back up to $6.15, so it must be working out good for them loosing all of them customers.

toronto1's picture

why stock market up?

Chump's picture

Because at this point the only thing fundamental to stock markets is 'hope.'  That's why they go up on bad news ("I really, really hope this shit doesn't crash!") and also go up on good news.  More hope!  The only thing that will crash the markets is when liquidity is gone gone gone, but I'm getting over my head here.

Smiddywesson's picture

Exactly.  Retail loves results, but they also love bullshit, because it gives them hope.

cbxer55's picture

Market rallies during Bear markets are normal. But eventually reality wins, and down the toilet they will go.

Breaking out the popcorn.  ;-)

misterc's picture

Was it possible to short Dexia or were they on the "wildlife conservation list" (shorting ban) already? 

schadenfreude's picture

I wanted to short them previos week and couldn't find any derivatives to buy.

Scisco's picture

Don't know about Dexia but I don't think it is too late to short Belgium bonds.

Frog-And-Toad's picture

Wasn't this the bank that "caused" the rumor that brought about the huge rally on Tuesday?

Sgt. Oddball's picture

Yes indeed it was, but we have to wait for the next ridiculous end of the day rumor indicating this problem bank being is fixed for the last 30 minute daily rally.

Ashland_Avenue's picture has excellent write up today on relationship of dexb to belgium govt.

LawsofPhysics's picture

Expected, SocGen next, then BofA.  Got physical?

NEOSERF's picture

We very well may look at this moment as the first tangible (finally) thing that started the house of cards in Europe with Lehman, it is likely this is really going to hurt Belgium and the messes they uncover will likely be 2-3x what has been advertised so far...

Ruffcut's picture

I thinkin' it's time to stop comparing lehman, a bag of shit bundlers of bad bets, to actual COUNTRIES of the civilized world. 

LawsofPhysics's picture

Depends on whether or not you consider the current form of "civilization" a good or bad bet or any different from your comment about the composition of lehman.

trav7777's picture

I think you just described countries when you described Lehman

Fips_OnTheSpot's picture

There. Is. No. Problem.

RobotTrader's picture

Why is it that when ES and EUR start running, gold is left behind?

And why is it that when ES and EUR start tanking, gold goes down 3x faster?

Very frustrating.

Eric Sprott must be pulling his hair out.

Hulk's picture

Why is it, when Gold runs and Robo's formula is thrown on the trash heap, that Robo is nowhere to be found?

Motley Fool's picture

Cause it's a barbarous relic. It's not as hip and happening as ES and the EUR. :P

LongSoupLine's picture

Please do not feed the full re-troll-ard

richard in norway's picture

because pm is being sold to buy the market or did you think these dumbarse rallys happen by themselves

Smiddywesson's picture

Because it's just paper?

Because it's not a market?

ZeroPoint's picture

I am tired of all these circuit breakers. Let the mofo go to 0.


Fips_OnTheSpot's picture

Stockvalue 0 is not as important as empty cash drawers..

LongSoupLine's picture

Cue Donkey Kong picture...

buzzsaw99's picture

Reverse split? :snark:

RemiG2010's picture

...move along....

Mercury's picture

Cap-e-taine!....fix--->fail half-life decreasing!

GeneMarchbanks's picture

You know you could have just posted nothing at all. Same effect.

Sgt. Oddball's picture

Let's just hope it's not a nuclear winter, because once these dominos start falling it could get ugly.

spongeBOB's picture

When the market goes up on bad news it is over for the shorts. Trade accordingly !

alien-IQ's picture

yes because nothing screams "things are getting better" like a non stop bombardment of bad news.