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Founder Of $30 Billion Hedge Fund BlueCrest Says Most Euro Banks Are Insolvent; Euro Situation Much "Worse Than 2008"

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Thu, 12/15/2011 - 13:24 | 1983738 doomandbloom
doomandbloom's picture

collapse, female dogz

Thu, 12/15/2011 - 13:34 | 1983774 trav7777
trav7777's picture

this guy has "segregated accounts"...ROTFL, that sounds safe

Thu, 12/15/2011 - 13:52 | 1983872 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

All of your monies have been rehypothecated!

Thu, 12/15/2011 - 13:56 | 1983902 RickyBobby
RickyBobby's picture

Funny, a Goldman Sachs ad intro to the video.

Thu, 12/15/2011 - 14:19 | 1984038 Pladizow
Pladizow's picture

Bass, Hendry and this guy - vs.- Kramer, Gartman, and Kass!

Choose wisely!

Thu, 12/15/2011 - 14:24 | 1984071 kito
kito's picture

this guy sees printing as the solution to europe, which side is he on again?

Thu, 12/15/2011 - 14:28 | 1984089 Ahmeexnal
Ahmeexnal's picture

Actually, printing would liberate the world from the shackles of fiat. Let the euro hyperinflate into oblivion. The USD would follow within 3-6 months.
It clear he's a goldbug.

Thu, 12/15/2011 - 14:52 | 1984185 kito
kito's picture

hey ahmeexnal, hope your property search in ecuador is working out for you. whatever printing is done by the ecb, which i still doubt will happen, would be offset by massive deleveraging and currency destruction. highly unlikely printing would lead to hyperinflation.   i dont see 600 billion euros of printing doing much except extending the day of reckoning another year or so..............

Sat, 12/17/2011 - 17:58 | 1990336 Mauibrad
Mauibrad's picture

Check it out Tyler, officially a new word, de-hypothecation


Thu, 12/15/2011 - 15:12 | 1984290 fonzanoon
fonzanoon's picture

He is hiding in treasuries.....enough said.

Thu, 12/15/2011 - 18:27 | 1985220 tooktheredpill
tooktheredpill's picture

He certainly made quite an impression on the female host.

No mention of shorts. Guess he is not allowed to short the best ones.

Thx for posting Tyler.

Fri, 12/16/2011 - 05:10 | 1986265 snowlywhite
snowlywhite's picture

dude, he's 30bln... How many things vaguely safe and liquid enough for 30bln do you know?


or you expect him to get a truck and park all his money in it?

Thu, 12/15/2011 - 14:00 | 1983920 Jay Gould Esq.
Jay Gould Esq.'s picture

 "In the United States, if California is having a really difficult time, the rest of the United States will send money to California."

"Send" money -- that is, taxed -- and unwillingly, on the part of the American Taxpayer. Frankly, if Kaaleefornya ever did go into some form of default, I submit that the majority of Americans would say to Hell with Kaaleefornya -- Kaaleefornians voted themselves the profligate government they desired, and thus deserve...let them clean up the mess.

Thu, 12/15/2011 - 14:24 | 1984028 hedgeless_horseman
hedgeless_horseman's picture



In the United States, if California is having a really difficult time, the Federal Government will simply print more money to send to California.  Most Americans are blissfully unaware of the inflation tax, and are therefore none the wiser.  In Europe, however, the populace is very much aware of the inflation tax.  That is why you hear the Germans (that are not bankers or exporters) saying, "Nein!" to transfering wealth to other areas.  It is not that the Americans are more generous, it is simply that the Europeans are better educated on this matter. 

Thu, 12/15/2011 - 14:31 | 1984103 Ahmeexnal
Ahmeexnal's picture

Actually, Ahnuld started printing his very own notgeld in the last years of his reign. Expect every state to follow this practice as the downward spiral enters the next phase of complete social breakdown.

Thu, 12/15/2011 - 15:22 | 1984331 toadold
toadold's picture

Well their are some  states (Texas, Georgia and about three others) that are prepared for a State gold backed or basket commodity money if the USD goes splat. 

Thu, 12/15/2011 - 14:34 | 1984119 GeneMarchbanks
GeneMarchbanks's picture


I'd also add that we've had many different generations live through hyperinflation. See: Weimar, Hungary, Yugoslavia.

Thu, 12/15/2011 - 15:00 | 1984216 JW n FL
JW n FL's picture



offshore internal repo's to get that JP Morgan 60 to 1 Leverage BITCHEZ!!!

Yes I agree! segregated accounts make everyone wayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy more trust worthy!

Thu, 12/15/2011 - 13:57 | 1983905 ndotken
ndotken's picture

sounds like someone is upside down and needs a win on a huge short to balance his books ....

Thu, 12/15/2011 - 14:21 | 1984050 Pladizow
Pladizow's picture

Did'nt he say he is 10% gross YTD?

Thu, 12/15/2011 - 15:06 | 1984265 ndotken
ndotken's picture

good point ... hedge fund managers never lie /sarc

Thu, 12/15/2011 - 14:14 | 1984006 Ahmeexnal
Ahmeexnal's picture

so why would Putin buy eurobonds?
the time to buy them is when there is blood in the streets.

Thu, 12/15/2011 - 13:25 | 1983741 Quintus
Quintus's picture

Umm.  I think upon closer examination he would find that most European, US, Chinese, Japanese banks and basically all banks everywhere are pretty much insolvent to a greater or lesser degree.

This isn't really news.

Let's do away with Mark-to-Unicorn asset valuations and see who's really swimming naked, to borrow from Uncle Warren's phrase.

Thu, 12/15/2011 - 13:32 | 1983767 LawsofPhysics
LawsofPhysics's picture

I agree.  The paper-pushing fucknuts are simply getting nervous and trying to take position that they think will get them out of the line for the guillotine in the future.

Thu, 12/15/2011 - 13:36 | 1983779 trav7777
trav7777's picture

the SYSTEM is fucking insolvent.  Is that so hard for people to grasp?

Thu, 12/15/2011 - 13:43 | 1983818 tmosley
tmosley's picture

Yeah, so hold dollars, lol.

Thu, 12/15/2011 - 14:24 | 1984068 Pladizow
Pladizow's picture

And what ever you do, Trany7777, dont buy gold?!?!

Thu, 12/15/2011 - 13:45 | 1983825 youLilQuantFuker
youLilQuantFuker's picture

Unless you own the physical black gold. Ergo, war female dogs!

Thu, 12/15/2011 - 13:47 | 1983838 blu
blu's picture

How can it be insolvent if they still have cheques/checks?

Thu, 12/15/2011 - 15:29 | 1984363 Spastica Rex
Spastica Rex's picture

Logic for the masses.

Thu, 12/15/2011 - 13:24 | 1983742 Ralph Spoilsport
Ralph Spoilsport's picture

Shorts on for barge poles bitchez!

Thu, 12/15/2011 - 13:25 | 1983745 CPL
CPL's picture

And out of the left field...wasn't he was talking about Greece.

Thu, 12/15/2011 - 13:26 | 1983747 GeneMarchbanks
GeneMarchbanks's picture

On moving BlueCrest from London to Geneva:

"I did not really want to be exposed to the Eurozone. I don’t want to be exposed to regulation coming out of the Eurozone.  Most of my clients come from the United States.  I am not really marketing to the Eurozone anyway.  So it didn't make much sense for me to be in the Eurozone as a business."

Hedge funds: a dying model.

London is in doo-doo.

Thu, 12/15/2011 - 13:57 | 1983906 narnia
narnia's picture

I agree.  This guy is a wanker investing a bunch of other people's money based on central wanker actions...  then goes on national TV lobbying for central wanker action.  

Thu, 12/15/2011 - 19:50 | 1985508 twotraps
twotraps's picture

hate when those wankers manage 30B....hmm, how much is that in management fees?  Yeah, he's pretty fucking stupid.

Thu, 12/15/2011 - 13:29 | 1983762 Cdad
Cdad's picture

Huh...Larry Fink must not be a follower of Michael Platt. 

Thu, 12/15/2011 - 13:32 | 1983768 HappyMan
HappyMan's picture

Hello everyone! My first post. Just wanted to say hi. I knew someone who worked at BlueCrest. They don't anymore. LOL.

Thu, 12/15/2011 - 13:45 | 1983824 blu
blu's picture

First post? Then allow me the honor of being the first to call you a fucking moron sheeple troll in response.

Wow that felt great! And I still respect you.

Thu, 12/15/2011 - 14:26 | 1984084 Pladizow
Pladizow's picture

Fuck You, virgin poster!

Thu, 12/15/2011 - 15:02 | 1984231 quasimodo
quasimodo's picture

So much for THAT cherry staying intact

Thu, 12/15/2011 - 17:59 | 1985124 GOSPLAN HERO
GOSPLAN HERO's picture

I never had a virgin.

Thu, 12/15/2011 - 13:51 | 1983866 Jim in MN
Jim in MN's picture

We will wipe that smile offa you face in time...in time.

(actually, welcome to the madhouse, enjoy)

Thu, 12/15/2011 - 13:54 | 1983888 fuu
fuu's picture

Your smile makes me want to break something beautiful.

Thu, 12/15/2011 - 14:03 | 1983940 NotApplicable
NotApplicable's picture

Welcome. We'll see just how long you remain happy.

Thu, 12/15/2011 - 14:05 | 1983946 Bonesetter Brown
Bonesetter Brown's picture

Welcome!  Don't let the harsh responses dampen your chipper mood.

Please contact your friend and get a run-down of his time at BlueCrest, then post your full findings here.

Thu, 12/15/2011 - 14:26 | 1983976 Don Birnam
Don Birnam's picture

"Thank you sir ! May I have another ?"

Thu, 12/15/2011 - 13:34 | 1983773 Cognitive Dissonance
Cognitive Dissonance's picture

Print baby, print. It solves all the problems at the expense of the plebs.

No problemo.

Thu, 12/15/2011 - 13:57 | 1983910 mayhem_korner
mayhem_korner's picture



We don't call it "printing" any longer.  It's now "rehypothecation of insolvency".

Thu, 12/15/2011 - 13:38 | 1983776 Zero Govt
Zero Govt's picture

I thought Trichet sorted this out?

I'm confused, he said he'd returned staaabiiility to the Euro banking system... fuking brilliant those stress-tests, work of genius


Thu, 12/15/2011 - 13:36 | 1983781 Dr. Horrible
Dr. Horrible's picture

If all banks had to mark to market......

I wish this rule was changed and we could see the real state of the banks.


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