- advertisements -
germany bails out Commererz bank and lets Greece die...says it all...bye bye Euro group.
Exactly!!!! and predictable! The Germans are SMART mother phukkers, and why should they bail out the profligate south when every last red cent will be needed to bail out their own? We did it here, and they will follow the same playbook, Phuk Club Med.
Sooooo SMART that they lent money to people who cant pay it back! hahahahahaha!
The profilagate need stupid, greedy corrupt twats to support their habit.....
Cap -- soon to be every last red pfennig.
Think it's more like violence comes bank to you. Northern European banks promoted corruption through fraudulent investments that led the south and east of Europe to insolvency. Now it has all coming back to the financiers, the northern banks. Bad debt=Bad Credit...
and they were singing........Bye, Bye European Pie..............Drove our fiat to the levy but the levy was dry........and good old boys drinking whiskey and rye.........singing this will be the day the Euro dies!
"germany bails out Commererz bank and lets Greece die...says it all...bye bye Euro group."
Send me some of what you're smoking........from my vantage point Germany has poured gazillions of Euro into Greece.
DB is probably next on that list.
What has happened to DB? Steady deterioration ever since they got rid of Greg Lippman.
watch the pre Xmas presents from the various banks world wide.
Thousands more to come.
12-14 15:39: Greece's Piraeus bank to seek EUR 400mln government bailout
Yesterday was the last time Jabba the Hut announced Greek banks are ABSOLUTELY safe.
A bailout from what Government exactly? Not the Greek government surely.........?
Ben is piloting while Merkle is the gunner http://www.eurocopter.com/publications/img_wsw//uht%201.jpg
Unt Von Gunt is getting her dry hump on
Except now Germany is actually the only somewhat sane country left. Tanks will be elsewhere this time, that'll be the only difference.
Commerzbank cancelled their Christmas party....AW no coke and hookers for them! Doubtful for any bonuses either. How long until the bankers start turning on each other I wonder.
Who needs a Christmas Party when you can have a Bailout Party? Saint Merkel riding in on her reindeer.
More paper printing in Germany. One has to wonder about a world where paper money is up, Gold is down $90 (4.5%), the US stock market only down a minor 1.5%, Silver clobered as the US banks are insolvent, French banks insolvent, Germanys banks insolvesnt, Greece bankrupt, Italy a disater, Spain a disater... did I miss any?? lol! This fucking clown show in Chicgao the city that brought us young hitler is a fucking joke. Yep, I mean the Comex. But listen to the Rothchild star Bernanke as he tell the world paper is the answer and Gartman who doesnt know his ass from a hole in the ground.
State Bank of India one of India's largest semi-state owned banks seeks a government capital infusion. There you have it. All bases covered ? kapitsch..
this is good for a 1%-2% rise in spx tomorrow morning
Didnt impress today, so I dont know why it will tomorrow. Anyway, markets slump to close near LOD.
in this market you have to do the opposite of what makes sense
How did they place on the stress test?
Bring out your dead.....bring out your dead
why waste the state funds?
http://www.youtube.com/watch?v=OEvIgg3C5ok&feature=related about 52 sec in look at the building. creepy saw this yesterday in my yt recomended
I am concerned by the enormous comeback in AMZN today.
They just won't let shit die will they?
I hate it when the end of day rumor is a dud!
That ought to just about do it. They never learn. If one bank gets a sump pump, they will all want one.
A new bail out from FED, good for Europe !!! it's good USA have money for everybody...
thanks folks !!!
Bailouts are bullish. Always have been. Always will be. /sarc
no wonder Gold & Silver tanked...
fucking fraudulent, manipulated, phony paper markets bullshit...
Governments captured by private interests will bail out private interests each and every time.
It's called "corporatism" - or "fascism" - people.
If you aren't able to comprehend this by now, then that's your problem, not mine.
How can a bank have a hole? Can't they always sell CDS protection to one of their friends? Or do they have no friends?
SS Goosestep from Triumph of the Will
and so,... the, 'mini-me brit's', fire a red-ink herring in a foray of bluster, across the bow of a scuttled rhine vessel - viva lansdown redux?
They fornicate with chickens !
Well, no AH S&P France downgrade. Bulls can live another day, it seems.
What a typical full retard market day. Plunge open, Euro close ramp job, rally falters, 3PM rumor rocket into a rapid up and down close.
The best news all day was the 5% drop in oil, of course that just leaves us back at the point when oil jumped 4% for no real apparent reason other than rumors of rumors backed up with rumors.
Would the real market movers even remember what a market fundamental looks like?
"the closing news is more unpleasant than Europe would have liked to set the overnight mood, and comes to us via the FT (yes, that FT)"
FULL TILT ? Every fucking time these guys get called they flash a 7-2 os with 5 bricks on the table.
Coincidentally, commerzbank was the first bank i had an account at, as a teen.
Coincidentally, it would also be the only bank i ever left so far, just because of being pissed off, as opposed to other considerations.
Doesn't advance knowledge of a bailout mean that the managers will take greater risks in the meantime than they otherwise would have?
You might as well try for big gains if the losses are going to be someone else's problem.
What does S&P, Fitch have to say about this?
____________Ok thats what they say.
Now we know that it is the Herr Chancellor who bought a lot of Euro today to prop up a bank that lost its heart beat yeaster year. What did those traders long Euro for? A bug in there trading program?
The FED is the only lender of last resort available. The EU is collectively the new Greece. The Fed is the new ECB. The EU can now play the FED like Greece played Germany. If the FED does not bail out Europe, US banks will fail and the USD will skyrocket as the EURO collapses. The FED will lose their cheese eating circle jerk buddies. Plus, they don't seem to have enough domestic drones in place over US skies for the global collapse to happen just yet.
The FED can kill two birds with one stone and diminish the USD by bailing out the EU to prop up the EURO for a while. Fed can bail out the EU sovereigns which will help save their banks indirectly. The FED wants a strong EURO but that is not going to happen any other way. The IMF is strangely silent (and irrelevant) right now.
jaja bullish for bears'¡:)
Keep banning the shorts¡ in French Banks'. They are collapsed, German too:...ALL FREAKING BANK IS COLLAPSED
"It becomes obvious why letting doubts appear about the stability of German megabanks would likely not be a "good thing.""
Unless, of course, you wish to appear that your country is also struggling and therefore should not be seen as the only source of saving the EuroZone. Since they are also considering new rules to allow their regulators to stuff money down the throats of their (soon to be nationalized?) banks, what is to keep them from saying ALL of their banks "need a little help", so, the rest of you EZ rats can take a hike?
Ach du lieber- alles ist hin.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.