Don't Tell The Italian Banks They Got Bailed Out: 3 Out Of Top 4 Banks Trading Below "Bailout" Price

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Mon, 10/31/2011 - 09:19 | 1828119 Zero Govt
Zero Govt's picture

Rome wasn't built in a day

...Trichets been at it 2 years and still hasn't got a brick on sight!!

Mon, 10/31/2011 - 10:03 | 1828225 philipat
philipat's picture

Alternatively, Berlusconi "Fiddled" with his friends at a Bunga Bunga party whilst Rome burned?

Mon, 10/31/2011 - 09:20 | 1828120 Irish66
Irish66's picture

a week of halts every 10 minutes

Mon, 10/31/2011 - 09:22 | 1828123 HD
HD's picture
  • Hope Buffet is in a bathtub full of marinara sauce working on a solution....
Mon, 10/31/2011 - 09:20 | 1828124 Clueless Economist
Clueless Economist's picture

I having a good laugh after visiting those Occupy Wall Street creeps over the weekend freezing their arses off in the rain and snow.

Too funny!  Now the asswipes are requesting "extreme weather survival gear for the occupation"

They are taking away resources from the homeless.  Bunch of hypocrites.

Mon, 10/31/2011 - 09:38 | 1828170 Eally Ucked
Eally Ucked's picture

You have problem with understanding events around you. Homeless, unemployed and drug addicts are the earliest victims of the system, so they are integral part of protest.

Mon, 10/31/2011 - 09:58 | 1828214 common_sense
common_sense's picture

and the worst is that the bongo bongo party with berlusconi and girlfriends has to be postponed... damm it!

Mon, 10/31/2011 - 11:59 | 1828723 saiybat
saiybat's picture

The homeless want them gone 

Homeless man threatens to evict Occupy Wall Street #OWS

He calls them nasty freeloaders.

Mon, 10/31/2011 - 09:40 | 1828173 Loose-Tools
Loose-Tools's picture

YOU are the Asswipe! Every time YOU stick your head up your Ass (like right now) your Ass gets wiped. I'll bet that happens several times a day.

Mon, 10/31/2011 - 09:55 | 1828209 pods
pods's picture

You had me at Clueless.


Mon, 10/31/2011 - 09:21 | 1828126 GeneMarchbanks
GeneMarchbanks's picture

Sarkozy brain aneurysm to follow.

Mon, 10/31/2011 - 09:48 | 1828192 Flounder
Flounder's picture

Sark's banks (SocGen, BNP and CredAgri) are currently down 7% each today.

Mon, 10/31/2011 - 09:23 | 1828135 silver500
silver500's picture

What would these Italian banks be tarding at without last weeks bailout?

Mon, 10/31/2011 - 09:26 | 1828143 malikai
malikai's picture

What bailout?

Mon, 10/31/2011 - 09:27 | 1828147 WonderDawg
WonderDawg's picture

Definitely full tard.

Mon, 10/31/2011 - 09:29 | 1828153 Quintus
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Mon, 10/31/2011 - 09:31 | 1828151 GeneMarchbanks
GeneMarchbanks's picture

Hard to say but this week the Bernank will have a shot at a 'bailout' so stay tuned.

Mon, 10/31/2011 - 09:23 | 1828137 monopoly
monopoly's picture

What is that I see in the far distance of Rome. Seems to be a small glow, not sure, but it is getting a bit bigger as I watch it. I wonder what that could be? Hmmm.

Mon, 10/31/2011 - 09:43 | 1828180 Melin
Melin's picture

is a fiddle playing in the distance?

Mon, 10/31/2011 - 09:28 | 1828149 Quintus
Quintus's picture

You mean the world can't be fixed with a short document full of empty promises?  Who knew?

It makes me sick sometimes looking at the totally retarded responses of the markets to what are clearly preposterous 'Solutions' offered by TPTB to the great financial crisis.

Somebody in the Fed babbles about 'Additional Easing' but offers no concrete details about potential next steps - Hurrah!  Rally on! 

Some Euro-Clown tells us that the Euro is saved and there's nothing to worry about - Hurrah!  Rally on!

A GDP number is produced which is, upon investing 5 minutes examining the details, clearly exaggerated - Hurrah!  Rally on!

I know there is safety in following the crowd, and career risk is a major factor in their thought processes but what the F*ck do money managers actually get paid for these days?  

Are they so completely credulous that they actually buy the crap spouted by the 'Authorities' or do they just do what everyone else does?  Where are the responsible adults in this picture?

Mon, 10/31/2011 - 10:13 | 1828252 sschu
sschu's picture

Are they so completely credulous that they actually buy the crap spouted by the 'Authorities' or do they just do what everyone else does?  Where are the responsible adults in this picture?

Orwell warned of this in his book.

The post-modern mind and ideas have created an inability to reason, and here is the result.  Talk to a twenty something lately about truth and how to determine what it is?  Good luck with that.

It is almost like someone planned it.  :-)


Mon, 10/31/2011 - 09:28 | 1828150 silver500
silver500's picture

I prefer the analogy of building up tolerance to addictive drugs rather than half life.

This way it implies taking the drugs is the cause of the problem.

Mon, 10/31/2011 - 09:33 | 1828161 malikai
malikai's picture

I think I've seen that in a movie once. When the subject is properly addicted, you can turn him/her out to the nearest whorehouse to get to work for those drugs. Makes for a healthy profit from the looks of it.

Mon, 10/31/2011 - 09:33 | 1828160 Belarus
Belarus's picture

The EU plan was so poorly contructed that I cannot believe how stupid the market was. Italy is Greece last year. Within 6 months, the CAC will be 50% lower than it is now as French banks become 100% nationalized and Germany starts to prepare their exit as the ECB goes on a print-fest. 

The mere fact that a 50% haircut on Greece's bonds won't even solve Greece, yet that alone is causing almost every EU bank to scramble for liquidiy, and the EFSF already on life-support, made it clear to me that the market will buy some swamp land I have for sale in the middle of the Atlantic. As Italy becomes the new Greece, with Greece becoming something even more dismal than Greece, you can count on the fact there will be a major market swoon soon.....

If Ben doen't print on Wednesday, this fucker is going DOWN for awhile.

Mon, 10/31/2011 - 09:44 | 1828183 SheepDog-One
SheepDog-One's picture

And just think, Ben never stopped printing its just been under the table. 5th gear, pedal to the floor, spinning rooster tail of mud.

Mon, 10/31/2011 - 09:35 | 1828163 fonzanoon
Mon, 10/31/2011 - 09:41 | 1828176 SheepDog-One
SheepDog-One's picture

Even after the bailout which didnt happen, no ones buyin it? Sheesh cant a scamster get a break around this planet?

Mon, 10/31/2011 - 09:47 | 1828188 scatterbrains
scatterbrains's picture

so now with all MF futures traders/hedgers shut out of all markets except for unwinding actions, is this what we can expect when the big joints start going down ?  Can you imagine being hedged short the market and are forced to buy into this pig when the shit show starts ? lol

Mon, 10/31/2011 - 09:50 | 1828195 SheepDog-One
SheepDog-One's picture

Yea really, thats the thing about being short this crap, at some point you actually have to BUY this garbage!

Mon, 10/31/2011 - 09:48 | 1828193 SheepDog-One
SheepDog-One's picture

Cant CNBC get another parade of asswipes like Friday to proclaim the stocks are up, therefore the recession is officially over to fix this?

Mon, 10/31/2011 - 09:53 | 1828204 lolmao500
lolmao500's picture

And someone remind me... when does Italy blow up? When 5 years yields are above 7% or when 10 years yields are above 7%??

Mon, 10/31/2011 - 10:10 | 1828244 High Plains Drifter
High Plains Drifter's picture

speaking of italy, some boys tried to agitate papa recently and the fuz were all over them like stink on poop....

listen to the video and at the end, it shows what was going on in that "church" under the auspices of the catholic church......

Mon, 10/31/2011 - 10:13 | 1828254 Bahamas
Bahamas's picture

if the carpet under which you've been sweeping the dirt in order to hide it can't hold any more dirt...just get a bigger carpet, rest it on top of the old one and keep on sweeping.

Mon, 10/31/2011 - 10:56 | 1828486 Snakeeyes
Snakeeyes's picture

Why is any of this a surprise?

Restoration and The “Failing Five” in Euroland

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