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MF Global is only the first domino to fall.
...and the Squid alumni are playing both cops and robbers. We r fucked
Maybe this is why they can never really investigate Goldman. By the time everyone with a conflict of interest recuses themselves, there's no one left to conduct the investigation!
It's a craptastical wonderland we all live in.
the game being played right now is called "bull riding contest": wanna make some $$? ride the bull at your own risk but it sure will make you some money.
I don't know how many times I said this - it doesn't matter people are disgusted by the "bailouts" or "money priniting", never underestimate the central banks and the power of corrupt politicans. The market will not crash now - maybe next year. But given the EU is determined to win the "battle" despite losing the "war", money will be available for whoever needs it. No matter how weak or riduculous the concept of the new EU bailout package, it will work for a couple of months. Plus year-end retail frenzy is almost here, santa rally is getting started.
For people who buy SH and forget about their account for a year, I would say it is not a bad approach. But for people like me who trade "actively", riding the fake bull might not be a bad idea to get your new iphone5 or a new "sun room".
Whatever. You can play with the Ponzi masters.
Or, I'd also say that gold did quite nicely today thank you very much.
It was announced today that Robert DeNiro is playing ponzi master Bernie Madoff in a new movie. I'm thinking that the next movie, when everything is unravelled, will be about MF Global. Who will be cast to play Jon Corzine? My pick is Larry David.
Tyler(s), let this story sit at the top for a bit - you (ZH) single-handedly have the power to reduce these banks' exposure, as evidenced by Jefferies.
Is it my imagination or did half a dozen comments just disappear?
I like to think of it more as rat scat. Follow the droppings.
Definitely some interesting characters on the BoD.
Except thems beholden the Squid that don't recuse themselves.
One morning the WSJ headline will be: ALL BANKS AND FINANCIAL INSTITUTIONS ARE FILLING CHAPTER 11/7.
How long is the road that the can is being kicked down?
They'll just print a shitload of money like we did in the States.
Wash. Rinse. Repeat.
Actually, there's always the midgets they keep on staff, that is when they're between filming gigs.
If they didn't get preferential treatment, then MFG hid their actions from the CFTC or the CFTC is incompetent or are politically/financially captured. Somebody's gonna get an ass whupin, if the press pursues this.
If the press pursues this? Are you kidding? The press has passed on hundreds of opportunities to pursue corruption and incompetence in the financial industry, government, regulatory agencies, you name it. Every once in a while they'll pop a senator or a congressman, or a bishop for the catholic church, but by and large they ignore all the truly juicy shit, as they are told to do so.
Yeah, I know, I should have emphasized. Its a big IF. Your frustration is EMINENTLY warranted. We are (mostly) all in the same room here.
The modern press is sites like ZH. corporate media is slowly losing its foothold. I can't wait for the day CNBC files for bankruptcy and cramer has to find work as a janitor cuz no one will hire his lying ass. Also can't wait to see bank bankruptcy filings to see how much they owe CNBC in spin fees.
Dude, Bart Chilton admits the CFTC is a piece of shit. Bart Chilton!
CFTC Commissioner, Bart Chilton:
Bart is their pin-up boy, the relaxed surfy dude. I don't get that guy at all. Must be the overspray from the other shit slingers that sticks to him (Just my opinion but I may be wrong. Politics I suppose).
The first domino to fall?
For me, it could be Iran. That story overshadows everything coming out of the Euro-circus.
Could just the talk of war between Iran and Israel be the tipping point for the "market"?
Instead of blame it on the politicians and the banks and the fed.
After all, nobody could see that coming!!!!!
Hmmm... Pretty good stuff. I think we should have a tag team bout with the big banks, Tyler. See ZeroHedge Is Good In Uncovering BS, But I Will Not Be Outdone In Busting BS Bank Reporting - I Simply Refuse, Right BNP?
A quick visual excerpt to go along with the Morgan Stanley quip above...
I must admit, that this type of investigative reporting takes
very sharp minds, very witty reporting and a thirst for finding the
truth. It probably can only be accomplished by tall handsome brothers with that sharp sense of humor... Know what I mean??? From the Bank Run Liquidity Candidate Forensic Opinion (A full forensic note for professional and institutional subscribers) released in August:
Click to enlarge...
right on reg.. The squid Hunter in the house.
I think we should have a tag team bout with the big banks, Tyler.
I think we should have a tag team bout with the big banks, Tyler.
Reggie, we do.
And yes, fights will go on as long as they have to.
this article kicks ass......god damn i love football....
Like watching a game of hot potatoe with nuclear material.
A Dan Quayle fan, hey?
+10! Dan Quayle - don't you just long for the days when you could at least identify the idiot in the room? Now it a race for an IQ under 40..... Remind them to breath.......
I am currently manually breathing and aware of the air drafting across my eyelids.
Sorry. It was a potato joke. It'll be in wikithingopedia, I'm sure.
Yes it was. Still remember big Dan correcting the student -
Big Dan's family is one of the oldest political families in America, along with the Pierce/Buhes, Rodhams, Edwards', McCains, Gores, etc.
what is it about schools and stupid politicians? i am reminded of w. bush's 9-11 morning reading.
Google rocks man - you can find anything.
Duh! That's how it's spelled in "Austrian". Jeez.
Ha! My extra e remains for trolls everywhere to find.
Spelling is just convention. Because theres 2 conventions for tomatoe there's 2 conventions for potato. But oddly they are not equal in their stuggle for dominance despite phonemes.
Colour me surprised.
There's an extra g in egg, too.
While we are on the subject, why did English stop using the "E"? Instead we use a "Y", a totally benign letter. Anyone? Bueller? Bueller?
Well, not being the kind of guy that follows the herd, from now on I'm gonna sdfs fa opigdjf peiornb iodrg oigrjrkjg goijrekgjn.
Give it to yamaha.
He can put it on the end of
You say tomatoe, I say tomato, let's call the whole thing off...
i've been taking a little bit of nuclear material from work and saving it up,
i'm going to put it up for sale on ebay.
the money should come in handy now i've got two mouths to feed.
Swindle and scam...and someones got to pay the tab soon.
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