Grand Theft Auto: FOMC City - Bank Robbers Throw Cash Out Of Volvo In South Los Angeles

Tyler Durden's picture


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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Wed, 09/12/2012 - 14:37 | 2786779 piliage
piliage's picture

How Keynesian.

Wed, 09/12/2012 - 14:40 | 2786797 Pladizow
Pladizow's picture

The robbers realized it was only fiat!

Wed, 09/12/2012 - 14:44 | 2786816 shutdown
shutdown's picture

Now THAT is funny!  :)

Wed, 09/12/2012 - 14:46 | 2786829 Pladizow
Pladizow's picture

Bernanke will not appreciate the competition and this money velocity will definitely vex him!

Wed, 09/12/2012 - 14:52 | 2786858 hedgeless_horseman
hedgeless_horseman's picture



"Wow.  Wow."

Megan's journalism professors are so proud of her.

Wed, 09/12/2012 - 14:53 | 2786865 Jason T
Jason T's picture

robbers realized it was all just a bunch of IOUs

Wed, 09/12/2012 - 15:08 | 2786932 ZerOhead
ZerOhead's picture

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.

Wed, 09/12/2012 - 15:08 | 2786944 Dr. Richard Head
Dr. Richard Head's picture

I would anticipate that happening as soon as banksters of the world mark their assets to market. 

Wed, 09/12/2012 - 15:15 | 2786965 Nothing To See Here
Nothing To See Here's picture

This is actually bearish for the markets. Those robbers having proved that BOA has cash, it lowers the probability of more QE coming.

Wed, 09/12/2012 - 15:17 | 2786975 Tijuana Donkey Show
Tijuana Donkey Show's picture

Yes, but this probably impacted their capital ratios quite a bit. 

Wed, 09/12/2012 - 15:20 | 2786983 SheepRevolution
SheepRevolution's picture

Here's a link for a 11 minute video-clip of the Volvo-choppa:

Wed, 09/12/2012 - 15:28 | 2787027 Dalago
Dalago's picture

Imagine that shit?  Fed Reserve going around in volvo's just tossing cash out the window.

Wed, 09/12/2012 - 15:35 | 2787065 waterwitch
waterwitch's picture

Can someone explain why none of the 20 police cars have their lights flashing?

Wed, 09/12/2012 - 15:53 | 2787150 BorisTheBlade
BorisTheBlade's picture

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.

Wed, 09/12/2012 - 16:04 | 2787207 eatthebanksters
eatthebanksters's picture

Just Helicopter Ben's micro-economic policy in action!  (No pun intended). 

Wed, 09/12/2012 - 17:35 | 2787546 FoxMulder
FoxMulder's picture

This was a test of the new Fed stimulus program. See we don't need a helicopter.

Wed, 09/12/2012 - 19:51 | 2787834 nmewn
nmewn's picture

The Volvo had a Obama/Biden bumper sticker on it...probably another professor snapping & running amok again ;-)

Wed, 09/12/2012 - 16:27 | 2787300 JohnKozac
JohnKozac's picture

When the jury sees the glove doesn't fit, they will both be let free.

Wed, 09/12/2012 - 21:02 | 2787971 TheFourthStooge-ing
TheFourthStooge-ing's picture

Tijuana Donkey Show said:

Yes, but this probably impacted their capital ratios quite a bit.

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.

Thu, 09/13/2012 - 02:23 | 2788449 Problem Is
Problem Is's picture

Was JPM Bankster Dimon stealing The Corz's stolen MF Global customer funds a 1.6 Corzines?

Thu, 09/13/2012 - 07:02 | 2788609 TheFourthStooge-ing
TheFourthStooge-ing's picture


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.

Wed, 09/12/2012 - 15:22 | 2786995 piliage
piliage's picture

And the public are asking the bankers and cops to go fuck themselves and change careers.

Wed, 09/12/2012 - 18:17 | 2787646 fiddy pence haf...
fiddy pence haff pound's picture

"That's as good as money, sir" says my avatar

Wed, 09/12/2012 - 16:57 | 2787426 Freddie
Freddie's picture

They were doing The Ben Bernank...aka God's work.

Wed, 09/12/2012 - 15:25 | 2787010 ziggy59
ziggy59's picture

The alleged robbers should quote corzine...

They "don't know where the money is."

Wed, 09/12/2012 - 16:07 | 2787223 eatthebanksters
eatthebanksters's picture

No's from segregated accounts!

Wed, 09/12/2012 - 16:47 | 2787391 Miss Expectations
Miss Expectations's picture

I think that the drive thru at JP Morgan Chase was too long to make a quick vaporizing deposit.

Thu, 09/13/2012 - 04:36 | 2788520 Black Friday
Black Friday's picture

If only they were driving one.


Wed, 09/12/2012 - 14:42 | 2786804 LaLiLuLeLo
LaLiLuLeLo's picture

:Bernanke's wet dream

Wed, 09/12/2012 - 14:44 | 2786819 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke wishes he was this Keynesian.

Wed, 09/12/2012 - 14:47 | 2786839 azzhatter
azzhatter's picture

You know Bernanke jacked off to this video

Wed, 09/12/2012 - 15:05 | 2786920 SheepRevolution
SheepRevolution's picture

Actually, he should learn something from this video:

1. Print money

2. Throw them out through the window

3. Aggregate demand skyrockets

Wed, 09/12/2012 - 15:24 | 2787002 piliage
piliage's picture

But he will ignore the fact that the effects are:

1) Localized

2) Short Term

3) Unsustainable

Wed, 09/12/2012 - 14:43 | 2786810 flacon
flacon's picture

Assholes... now they will be charged with littering.... it happened just a few months ago - throwing cash on the ground is littering - a felony. 

Wed, 09/12/2012 - 16:18 | 2787266 BorisTheBlade
BorisTheBlade's picture

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.

Wed, 09/12/2012 - 14:49 | 2786840 LMAOLORI
LMAOLORI's picture



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.

Wed, 09/12/2012 - 22:10 | 2788068 goldfish1
goldfish1's picture

where do you live

Wed, 09/12/2012 - 16:01 | 2787195 FL_Conservative
FL_Conservative's picture

What, they didn't have a helicopter?  What putzes!!

Thu, 09/13/2012 - 02:02 | 2788432 Xue
Xue's picture

They are just trying to stimulate aggregate demand.

Wed, 09/12/2012 - 14:37 | 2786782 Janice
Janice's picture

Robb'in da Hood!

Wed, 09/12/2012 - 14:43 | 2786811 SheepRevolution
SheepRevolution's picture


Wed, 09/12/2012 - 14:49 | 2786847 veyron
veyron's picture

Q Weed 3

Wed, 09/12/2012 - 19:17 | 2787760 Muppet of the U...
Muppet of the Universe's picture


Wed, 09/12/2012 - 19:19 | 2787764 James
James's picture

The City of Weed, California for some reason keeps having to replace City limit signs.

Wed, 09/12/2012 - 21:05 | 2787976 TheFourthStooge-ing
TheFourthStooge-ing's picture


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.

Wed, 09/12/2012 - 14:44 | 2786817 SemperFord
SemperFord's picture

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?

Wed, 09/12/2012 - 14:51 | 2786856 DosZap
DosZap's picture

Guess Bernie couldn't afford fuel for da choppa.

Wed, 09/12/2012 - 15:27 | 2787022 waterwitch
waterwitch's picture

Volvo copter Ben.

Wed, 09/12/2012 - 14:37 | 2786786 Watts_D_Matter
Watts_D_Matter's picture

Gives a new meaning to "FAST MONEY".....

Wed, 09/12/2012 - 14:38 | 2786788 zilverreiger
zilverreiger's picture

robin hood , it begins, break out the guillotines


too bad it's not silver and gold they are throwing out

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