Dexia Tumbles After Moody's Puts It On Downgrade Review Citing "Deteriorating Liquidity And Worsening Funding Conditions"

Tyler Durden's picture

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GeneMarchbanks's picture

So... Belgium CDSs, right?

GoldBricker's picture

Right, with BAC as your counterparty.

Zeroexperience2010's picture

Where can I go long CDS Belgium? ECB?

knight99's picture

next up unicredit

pallen's picture

but but there was a guy from Unicredit on CNBC (Europe) this morning telling us that everything is ok.

Racer's picture

and in the meantime US futures push back up

slaughterer's picture

ES bears too frightened to continue shorting through 1120 pivot.  1120 should break later in the week, though, given news risk this week, and the floor traders should get their 1070 before weekend.

Crash N. Burn's picture

 If anyone hasn't seen the Anonymous video "The Bankers are the Problem", might help motivate the sheeple.

 http://worldwideponzicollapse.blogspot.com/2011/10/banksters-are-problem...

wombats's picture

Global ararchy?  Do I get a toaster with that if I open a new account?

Crash N. Burn's picture

Like he said in the video - "freedom means nobody left to screw"

Sudden Debt's picture

Give it 12 more months and even ZINC will become a precious metal at this rate :)

 

Esso's picture

Sheesh, The Bernank better drag his ass out of bed and man the Big Effin' Gold & Silver Hammer.

The markets appear to be doing what they should be doing.

Can't have that now, can we?

Zenster's picture

So a near busto bank is going to get downgraded, markets actually working for a bit.

Esso's picture

"...markets actually working for a bit."

Yeah, that's just crazy! There must be a HUGE Hopium shortage.