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Grand Theft Auto: FOMC City - Bank Robbers Throw Cash Out Of Volvo In South Los Angeles
Once upon a time we thought that literally throwing cash out of rapidly moving objects was a privilege strictly reserved for Fed chairmen. Not any more. Moments ago, a car chase in South Los Angeles went horribly right, when two bank thieves who managed to find a Bank of America branch which actually had cash in it, and robbed it, proceeded to throw cash out of the moving car as it was being chased by a cohort of cops. Since the getaway car happened to be a Volvo, they naturally failed to get away, but not before they became local Robin Hood-type heroes to the massive gathering of gawkers all of whom would appear gainfully employed if only they were not just standing there, doing nothing, and hoping to steal the already stolen money in a major LA intersection at 11:30 am local time on a Wednesday. At least we now have the first two joint candidates to take over the BOE's soon to be vacant governorship.
Watch below.
The aftermath of the chase is still going and can be seen here.
Finally, an artist's impression of what would have happened if it was a certain Ben Bernanke driving the Volvo.
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How Keynesian.
The robbers realized it was only fiat!
Now THAT is funny! :)
Bernanke will not appreciate the competition and this money velocity will definitely vex him!
Megan's journalism professors are so proud of her.
robbers realized it was all just a bunch of IOUs
http://www.youtube.com/watch?v=7GSXbgfKFWg
Police are asking the public to turn the the stolen loot found in the streets over to them.
Any bills with serial numbers that can be identified by BOA will be returned to them.
I would anticipate that happening as soon as banksters of the world mark their assets to market.
This is actually bearish for the markets. Those robbers having proved that BOA has cash, it lowers the probability of more QE coming.
Yes, but this probably impacted their capital ratios quite a bit.
Here's a link for a 11 minute video-clip of the Volvo-choppa:
https://www.youtube.com/watch?v=7bbRW_mvlxA
Imagine that shit? Fed Reserve going around in volvo's just tossing cash out the window.
Can someone explain why none of the 20 police cars have their lights flashing?
Maybe deep in their hearts they wanted them to get away. Robbers didn't do anything different from your average keynesian central banker, well, except for getting caught.
Just Helicopter Ben's micro-economic policy in action! (No pun intended).
This was a test of the new Fed stimulus program. See we don't need a helicopter.
The Volvo had a Obama/Biden bumper sticker on it...probably another professor snapping & running amok again ;-)
When the jury sees the glove doesn't fit, they will both be let free.
Tijuana Donkey Show said:
When a bank is robbed by someone other than management, I believe the average take is around $1500. Given BoA's propensity for leverage, I'd say this single robbery has had an impact on BoA capital of somewhere between 0.4 and 0.7 Corzines.
Was JPM Bankster Dimon stealing The Corz's stolen MF Global customer funds a 1.6 Corzines?
.
Being the unit reference case, that amount would be exactly one Corzine in stolen customer funds.
And the public are asking the bankers and cops to go fuck themselves and change careers.
"That's as good as money, sir" says my avatar
They were doing The Ben Bernank...aka God's work.
The alleged robbers should quote corzine...
They "don't know where the money is."
No problem...it's from segregated accounts!
I think that the drive thru at JP Morgan Chase was too long to make a quick vaporizing deposit.
If only they were driving one.
:Bernanke's wet dream
Bernanke wishes he was this Keynesian.
You know Bernanke jacked off to this video
Actually, he should learn something from this video:
1. Print money
2. Throw them out through the window
3. Aggregate demand skyrockets
But he will ignore the fact that the effects are:
1) Localized
2) Short Term
3) Unsustainable
Assholes... now they will be charged with littering.... it happened just a few months ago - throwing cash on the ground is littering - a felony.
I say they were spreading wealth and facilitating trickle down effect from the last round of quantitative easing. Money was picked up and spent shortly thereafter thereby contributing to consumer spending and GDP growth therefore helping economy recover. Cops chasing them for hours burned X amount of gas thereby contributing to government spending and further boosting GDP numbers. Plus, cops were busy in the process, thus employment in the government sector was positively affected. Of course Krugman will disagree and say what they did was not nearly enough and they should've picked a bigger car and throw money faster while not getting caught much longer, well they probably don't have a PhD. Amateurs.
No how progressive seems people don't know the real story of Robin Hood he stole money from a tyrannical government who was taxing it's subjects into abject poverty to give back to the people. The folks who stole this money are common thieves.
where do you live
What, they didn't have a helicopter? What putzes!!
They are just trying to stimulate aggregate demand.
Robb'in da Hood!
QE-Weed
Q Weed 3
D M T
The City of Weed, California for some reason keeps having to replace City limit signs.
.
They should just sell the damned things on the internet and turn an expense into income.
Da Hood is right, you can tell by the apartment buildings, still, better fo the Po people to have that cash than anybody in DC or the majority of governement workers. Besides, they can just print more, right Ben?
Guess Bernie couldn't afford fuel for da choppa.
Volvo copter Ben.
Gives a new meaning to "FAST MONEY".....
robin hood , it begins, break out the guillotines
too bad it's not silver and gold they are throwing out
Ppfff, they don't keep money substitutes in banks!
Hmm. South LA is a strange place for BOA to keep all of its cash, but it's good to know that they have/had some in at least one of thier branches.
Robbery actually occurred in Santa Clarita, pretty much lily white. Need cash to go to all the shopping centers and Magic Mountain.
Forgot to add... A few years ago it was decreed to no longer use the term "South Central" to describe this ghetto. The approved term is "South LA" to sound more genteel.
The South of LA, just like The South of France.
Funny that many parts of LA are 10+ miles further south than South LA.
San Pedro, Wilmington, Harbor Gateway, etc.
Changing a slum's name won't work.
It's a historical anomaly related to the funding and building of the port of los angeles. LA actually has a long thin strip that runs along what was the railroad track and red car from Union Station to the ports. It's actually really interesting period often overlooked in american history, the fight between the Central Pacific and Southern Pacific for control of the freight rights and location of the then new port of Los Angeles.
Will this spark The Riots? Lots of dry hay out there...
That brought literally the biggest smile to my face. It's been a long time since true happiness has been reflected in me by the actions of others.
I made a few K today. as usual. I think I smiled at some point today. Probably when Nat Gas conintued its upstreak.
But this story, actually made me happy. I got this giant fat grin, like 5 minutes after reading this. Its still huge. If I wasn't living in a hell hole surrounded by morons and muppets, LOL, I would be happy enough to piss myself.
http://www.youtube.com/watch?v=CXIiGxRMNlA&feature=autoplay&list=FLb5msS...
Volvos are like cockroaches, when the world ends they will be the last cars.
I had a 1979 240Dl w/ more than 200K before the muffler went bad. I finally had to get rid of it because the wife was embarrased to ride in it.
I took one up one two wheels one, after that my girlfriend was scared to ride in it (if I was dirving)...
Mattias' custom 242 T6 will not embarrass you or your wife.
Then there is his Volvo P1800...
600HP.
Drive Safely, bitchezzz!!!
I'm sending this to my brother. He totaled his P1800 back in 1977. He's still not over it.
Edit: This is what I drive:
http://www.youtube.com/watch?v=yXUqZowz6Vc&feature=related
all you suckers run out and spend like 80k on a new car. All you need is a passat. Thing HAULS ASS. 0-60 in 5.6, accelation from 80-120 in <5 seconds.
I've taken one 120 down a 35, running from police. they didnt have a chance. vw passat is the underground champion.
Ah, but I will never give up my humble Jetta TDI, doing 73 mph, and getting 42 mpg. Almost 600 miles on a tank (if I drive on fumes.)
Farthervergnugen.
High-tech diesel == love.
From the Empirical Observations Dept.: The only thing worse than a Caddy driver is a Volvo driver.
MAKIN' IT RAIN!!
Sorry, no rain for muppets.
Collecting rainwater now illegal in many states as Big Government claims ownership over our water
can't have the muppets cutting into the City Water revenue stream due to reduced usage.
http://www.youtube.com/watch?v=ugytqEqjWr0&feature=related
AND SO...IT BEGINS!!!!
That's Bernanke driving through Manhattan.
Are you sure?
dupe
dupe
Lotta dupes around today... :>D
Stealing from a bank......the nerve of some people
they were taking their money back - refund
Now if only those people will spend it on iFonez we may find the recovery we have been hoping for!
Paul Krugman got tired of waiting for the fed to rescue the economy, and he finally snapped.
Kruggy does seem like a Volvo driver
Prius would be my guess for kruggy it's got the smug factor
Hopefully they crash the Volvo so we get some "Broken WIndow Fallacy" up in this biotch.
ROFLMAO true dat fallacy
False economics: Why JP Morgan is wrong about iPhone 5
They should have used a helicopter.
Then it would have been monetary stimulus, not bank robbery.
Are you fucking kiddin' me?! Take a look at those niggers (yes, it's a really cool word) chasing all that money, the very same day iPhone 5 is being released! AGGREGATE DEMAND UP!!!
Found $800 on the sidewalk of LA, just in time for my IPHONE 5 pre-order.
WINING!
might have been Tim Cook
Found $800 on the sidewalk of LA, just in time for my IPHONE 5 pre-order
Get the Samsung Galaxy III, better phone, slick gadgets, so the reviews state..............( I own a 4yr old Samsung).
None of this $100.00 a mo charges crap for a stupid phone.
Alredy done, holding it in my hand as I type!
Your avatar reminded me of Trav77.
Did he get captured or something? Haven't seen him posting in a while.
Trav is dead, bitchez. Did Tyler kill him?
Well were they being Robin Hoods or trying to fill the street behind them with people to stymie the cops?
the Cops were only after speeding tickets anyway, bloody Govt thieves
Maybe it's a pre planned staged reverse psychological operation by the Fed to get the sheep use to/numb to the historically monumental type of global collusive absolutely breath taking money printing operation about to hit the world.
Well it's not money out of helicopters, but it's a start.
It's money out of a Volvo, what else could one possibly need?
Maybe it was Ben and Timmay- they are both thieves! Maybe the chopper was in the shop!!
Any news on how much Maxine Waters managed to scoop-up?
Cash for Clunkers!
Actually a nice microcosm -Red Herring -
Throw money around as a distraction as the bad guys get away
this blows the whole 'QE isnt moeny printing because it doesnt get into the economy' bullshit....! that fiat is now in the economy.....!
http://youtu.be/KiIP_KDQmXs these QE 3 are false: Bernflunky denies having sex with a Volvos; its STIMULUS: QE 3?
Now you listen carefully, I Did not have QE 3 with a Volvo. I know this cause she said she burned the dollars. (dress) whatever!!!
I feel your 40 DD Foodstamps.
I was in the right place but it must have been the wrong time.
Maybe the central bankers ARE out of bullets...
They try to make it up with a higher firing rate.
They can always borrow from NOAA or SSA.
this was on CNBC...the reason that the BAC branch actually had some moeny was that ben started QE3 and was delivering the cash. the 'robbers' are actually goldman sachs employees that got a tip the money was going to the bank.
Since the getaway car happened to be a Volvo, they naturally failed to get away ...
lol
We should put the Chairman in a Volvo then.
Cannot discern it clearly, but the car's license plate looks a bit like
CA5H-FRU
Superlative little essay.
thats a good way to get a jury of your peers to say NOT GUILTY !
I am sure the good citizens of the USSA will turn the money back over to the central planners as the central planners know best when it comes to handing out cash.
Plus which recipients are worthy of all the dough.
Last Bank O Americo robbery ak's and drum mags were used.Now Volvos and flying shit currency.WTF.
just think of all the suckers who were at work and missed this........bunch of fools !
Must be the FEDs latest QE experiment: Cash FROM Clunkers
lmfao...that's good stuff...
make sure to look both ways before picking up cash off the street
well, there goes BoA's fortress balance sheet cash...
See? banks hate it when you do to them what they do to you..
& we all thought Bernanke's kid was a pre-med or med student.
"...when two bank thieves who managed to find a Bank of America branch which actually had cash in it..."
That is f'n funny ;))))
Subcontractors for the Fed? Or maybe this was a test run for the real thing, being from helicopters, just like Ben promised.
Jesus I think they need to call in more squad cars - the line of 20 chasing the Volvo just isn't enough. Idiots.
it took $80bn a year and 120,000 troops to find little old Asama Bin Hiding in Afghanistan ...no wonder it took the idiots 8 years, he was hiding next door in Pakistan
just remember Miami CSI is pure fiction, the State couldn't figure anything out without a public tip-off
They'll siphon off what fule is left in that Volvo once its in the impound lot and pour it into the PD fuel tank.
Thank God this didn't happen in New York - the NYPD would've shot about 137 (and counting) bystanders by now.
I'm just sad the robbers got caught, but at least they did the right thing with the money as the cops closed in.
Inevitably the evidence will one day be shredded.
My first reaction to seeing this was that the Bernanke's 'copter must be in the shop for maintenance and he was using the courtesy car...
Give these guys a medal.
NOT GUILTY!!!!!!!!!!!!!!
Not nearly guilty enough, if they want to get off scot-free.
songs for the Greater Depression
Every time it rains,
it rains - Bennies from heaven.
Were they driving a Volvo or was it a Fiat?
fucking great! Love the humor!!!!
These comments are HILARIOUS! I love ZH!!!
Nice to see bailout money being paid back directly to the taxpayers.
The dude seemed to be a pretty decent wheelman. Didn't see him hit anything.
Wonder how many parked cars the "heroes-in-blue" wiped out?
You know they woulda got away clean if they'd thrown some donuts too.
Someone screwed up, this was supposed to happen tomorrow.
For the sake of whatever is left of the nation's collective sanity, I sincerely hope & pray that that wasn't O.J. driving the getaway car...
Since it's all been distributed and can't be counted BofA can claim they lost 1 Trillion dollars, even thou it's physically impossbile to stash that much moneyn into an SUV, somehow everyone will belive that.
We need somebody like that inside the Fed.
Float-down economics
now if it had been a GM Volt......
If it were a Volt, they would've gone 5 miles and had to recharge.
I wonder if they should rename those things GM Ohms...
This is a heck of a lot easier in a helicopter....