ECB Tells Belgium Not To Backstop Dexia Interbank Deposits, Says Bailout Plan May Be Against The Euro Charter

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/14/2011 - 14:50 | 1774725 LawsofPhysics
LawsofPhysics's picture

Should make for a good ramp into the close.

Fri, 10/14/2011 - 15:02 | 1774794 max2205
max2205's picture

Feels like 2009 mar again,,,except Obamer hasn't said buy stocks and Ben hadn't QE'd...simply amazing

Fri, 10/14/2011 - 15:31 | 1774911 jaap
jaap's picture

Brussels police kicking Spanish protest girl in the face at Dexia head office:


Fri, 10/14/2011 - 15:56 | 1775009 Bastiat
Bastiat's picture


Fri, 10/14/2011 - 16:19 | 1775098 Lord Welligton
Lord Welligton's picture

Plaincloths psychopath by the look of it.

Fri, 10/14/2011 - 15:34 | 1774918 knukles
knukles's picture

Obama Invades Africa

WSJ just released news that US combat troops have been deployed in Central Africa to hunt down and kill leader of Lords Resistance Army.

Nice job for a Nobel Peace leauriate if one can get it.

Fri, 10/14/2011 - 15:57 | 1775014 macholatte
macholatte's picture



Obama sends US military advisers to Uganda

Fri, 10/14/2011 - 16:09 | 1775063 SilverRhino
SilverRhino's picture

I'd like to see them try to justify this one in terms of strategic interests.   Should be entertaining to see the attempted distraction.

Fri, 10/14/2011 - 15:24 | 1774887 Cash_is_Trash
Cash_is_Trash's picture

Belgium turned-in the ability to nationalize their banking institutions to the ECB.

Either Belgium bails out Dexia or the ECB does; either path is terrible.

DON'T SAVE IT! Let it hit the ground.

Fri, 10/14/2011 - 15:26 | 1774894 Popo
Popo's picture

so much for sovereignty.

there is really no more illusion that sovereign governments exist at a superior level to banks.

Belgium just realized who the boss was.

Fri, 10/14/2011 - 15:31 | 1774909 Cash_is_Trash
Cash_is_Trash's picture

Feast your eyes on how effective the control of the money supply and financial institutions is than any physical military presence.

You can say the printer is mightier than the sword, eh, Martin Luther?

Fri, 10/14/2011 - 15:41 | 1774953 jdelano
jdelano's picture

rampjob started weirdly early today

Fri, 10/14/2011 - 15:58 | 1775019 HoofHearted
HoofHearted's picture

And how in the hell is this bullish? Unless everyone is assuming the ECB will do exactly what it tells Belgium not to do??? Then, hell, buy all the ink making companies that are out there...

Fri, 10/14/2011 - 14:51 | 1774730 SheepDog-One
SheepDog-One's picture watching kids play Monopoly with no clue about any rules or anything!

Fri, 10/14/2011 - 14:55 | 1774761 Motley Fool
Motley Fool's picture

Calvinball rules, actually.

Fri, 10/14/2011 - 14:59 | 1774775 wretch
wretch's picture

And we just watch the kids, thinking we're spectators, when we're the pieces on that gameboard.

Fri, 10/14/2011 - 15:28 | 1774901 Cash_is_Trash
Cash_is_Trash's picture

These Belgium politicians are just kicking the gameboard down the road.

I don't want currency collapse, I don't want depression and poverty. I rather like the idea that worthless paper can purchase the money of kings.

We'll eventually see fiat paper meltdown within a couple of years.

Fri, 10/14/2011 - 15:41 | 1774943 macholatte
macholatte's picture

All the pieces are stationary, it's the board that's moving.


You can fool some of the people all of the time; you can fool all of the people some of the time, but you can never fool all of the people all of the time.

-PT Barnum




Fri, 10/14/2011 - 15:52 | 1774993 nodhannum
nodhannum's picture

You forgot that you can fool "enough of the people enough of the time" to get an Obummer elected!

Fri, 10/14/2011 - 23:33 | 1776236 Skid Marks
Skid Marks's picture


On Election day, 2012 as the voting begins the ACORN & SEIU crews assists voters by giving them a ride to the polls.


Fri, 10/14/2011 - 15:01 | 1774789 Deadpool
Deadpool's picture

what exactly in Europes 2000 years of existance lead you to believe they know how to do economics?

Fri, 10/14/2011 - 17:52 | 1775471 kaiserhoff
kaiserhoff's picture

Well said Dead, but that was before Tyler mentioned the Luxembourg Put.  If they're in, I'm happy. 

I'm always impressed with countries I can piss across.

Fri, 10/14/2011 - 15:03 | 1774803 Libertarians fo...
Libertarians for Prosperity's picture




What the fuck do you know about the topic at hand?  Anything?  Anything, at all?

Are you part of some sort of competition of who can post the most banal comments on a forum in a single day?  Unwaveringly, every day you post dozens and dozens of the most banal comments I've ever seen.

Every. fucking. day.  50 fucking times. 

Your banality is torture.



Fri, 10/14/2011 - 15:07 | 1774828 Deadpool
Deadpool's picture

don't Libertarians believe in freedom of speech? don't read him/her if you don't like it.

Fri, 10/14/2011 - 17:05 | 1775308 tmosley
tmosley's picture

He is not a libertarian, but rather a statist nutbag who started off trolling Republicans here as "Red Neck Repugnicant", but changed his name each time he was irretrievably humiliated by liberty loving individuals such as myself to the point that he finally switched the sole focus of his entire life from trolling republicans where they don't exist to trolling libertarians.

Also note that he is a psychopathic stalker who tracked down people that worked in my lab group and tried to badmouth me to them.  Luckily he was so stupid that he picked the former member of the team who has age related dementia.  Otherwise I might have been in "trouble", lol.

Fri, 10/14/2011 - 15:15 | 1774858 knukles
knukles's picture

Grow the fuck up.

Fri, 10/14/2011 - 15:18 | 1774873 Shitters_Full
Shitters_Full's picture

Um, how 'bout Libertarians for Decaf instead?

Fri, 10/14/2011 - 15:22 | 1774878 SheepDog-One
SheepDog-One's picture

Libertarians fo.... <---LOL who is this fuknut?

Fri, 10/14/2011 - 15:26 | 1774892 taraxias
taraxias's picture

Brother Dog, why do you flatter him by calling him a fuknut? 

Fri, 10/14/2011 - 15:38 | 1774942 knukles
knukles's picture

Obama Invades Africa
WSJ just released piece that details US combat troops deployed to Central Africa to hunt down and kill leader of Lords Resistance Army.

Nice work for a Peace Laureate if one can get it.

Fri, 10/14/2011 - 15:42 | 1774955 nmewn
nmewn's picture

"If they bring a knife, you bring a gun".

Fri, 10/14/2011 - 15:49 | 1774984 Vincent Vega
Vincent Vega's picture

I bet a SAE that when they hold the press confernece it's called a 'support role' and that they say the US isn't really involved. BTW, the leader of the Lord's Resistance Army is Joseph Kony. Kinetic action anyone?

Fri, 10/14/2011 - 16:22 | 1775114 SheepDog-One
SheepDog-One's picture

World war kicking off.

Fri, 10/14/2011 - 16:23 | 1775121 FilbertH
FilbertH's picture

They told me that if I voted for McCain we would have more troops deployed in more places, and they were right.

Fri, 10/14/2011 - 17:06 | 1775311 tmosley
tmosley's picture

You would remember him better with his avatar, the little yellow Hitler smiley face.

Fri, 10/14/2011 - 17:17 | 1775353 fuu
fuu's picture

He's being all stealthy.

Fri, 10/14/2011 - 15:23 | 1774882 Steel_Preacher
Steel_Preacher's picture

The word of the day is BANAL, does NOT rhyme with ANAL.

Thanks for playing.

Fri, 10/14/2011 - 16:35 | 1775182 GeezerGeek
GeezerGeek's picture

To rhyme with ANAL you have to spell it BOEHNAL.

Fri, 10/14/2011 - 15:31 | 1774912 Schmuck Raker
Schmuck Raker's picture
Adj. 1.

banal - repeated too often; overfamiliar through overuse.

Hmm, couldn't scrounge a thesaurus?

Fri, 10/14/2011 - 18:03 | 1775498 Lord Welligton
Lord Welligton's picture

What the fuck do you know about the topic at hand? 

Allow me hazard a guess old bean.

More than you?

Fri, 10/14/2011 - 15:36 | 1774923 BandGap
BandGap's picture

You don't have to have a clue when the rules don't really matter in the first place.

There are so many things being done this days just because they "seem right" to a select few.  Question the paths taken and you will bring about the end of the world.  We're dismantleing the Constitution the same way.

Fri, 10/14/2011 - 14:51 | 1774734 Raynja
Raynja's picture

I love the friday afternoon humor.

Fri, 10/14/2011 - 15:03 | 1774811 GeneMarchbanks
GeneMarchbanks's picture

Friday 3pm - 5pm EST is dirty laundry time. You really can't miss news items from that period.

Fri, 10/14/2011 - 14:58 | 1774739 hambone
hambone's picture

Bailing out of the bailout will require...another bailout.  Circular, globular bailouts of bailouts.  There is no refuting "it" cause nobody can even comprehend what "it" is.  BULLLISH!!!

And on this note...we will shortly take out S&P 1221 and show everybody who's bitch the "stock market" is!!!

Fri, 10/14/2011 - 14:52 | 1774740 Lord Welligton
Lord Welligton's picture

So the interbank market sizes up completely on Monday?


Fri, 10/14/2011 - 16:02 | 1775036 HoofHearted
HoofHearted's picture

no way...there will be some sort of a bailout this weekend...Qatar putting money into Dexia or more likely the ECB buying anything that isn't nailed down because they don't even need euro notes to do so. All their electronic 1s and 0s should buy everything very nicely.

speaking of, I'm ready to issue a CDS on the ECB and the Fed. Anyone buying?

Fri, 10/14/2011 - 16:37 | 1775183 NoClueSneaker
NoClueSneaker's picture


Nope - too expensive :-P


... I'd consider shorting U :-P ( Thx for spilling my cofee ... )


Fri, 10/14/2011 - 14:52 | 1774743 imaginalis
imaginalis's picture

Eggs thrown at IMF guy in Turkey

Fri, 10/14/2011 - 15:04 | 1774814 tmosley
tmosley's picture

Too bad it wasn't a petrified dinosaur egg.

Fri, 10/14/2011 - 15:10 | 1774841 Hearst
Hearst's picture

Hurled projectiles historically have always worked better than jawboning.

Do NOT follow this link or you will be banned from the site!