Guest Post: MF Global: Comments From A Bank Executive

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Mon, 10/31/2011 - 17:25 | 1829817 orangedrinkandchips
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seriously, In Northern Africa, Gawd-awful(Gadhafi) and his klan for the last 40 something years would put a pole up someone's ass they disliked, turn it up and let gravity take it's toll....NO SHIT.....luckily, they would pass out from the pain as a normal prostate exam hurts like helll...(MOON RIVER!...Gee using the whole fist???)


THAT is what they deserve......nothing short.


I did love the part about Thain being funeral director....funny shit as usual from Zero Hedge.

Mon, 10/31/2011 - 16:05 | 1829613 azusgm
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Could he have been putting together a sovereign debt equivalent of the Abacus deal? That kind of hands on with blatantly toxic assets screams for an explanation. If he was building another Abacus, that would explain why the plug was pulled. The regulators and SROs don't need the political heat.

Mon, 10/31/2011 - 16:06 | 1829615 Mike in GA
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There IS more...and we've got a front row seat, right here @ ZH!

Mon, 10/31/2011 - 16:06 | 1829616 Tsar Pointless
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Wanna have some fun?

Google with quotation marks "MF Global bankruptcy" then Google "Steeler Patriots" with quotes and check out the disparity in hits.

You already know which one will return more hits, dontcha now. laddies and lassies?

Mon, 10/31/2011 - 16:19 | 1829659 Joe Davola
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Now that Bellicheat can't front run defenses, it is important news.


By the way, now that Bocephus is out of the MNF picture, who is doing tonight's opening?

Mon, 10/31/2011 - 16:08 | 1829620 Zola
Zola's picture

"Doesnt he read Zerohedge?" Reply: Oh you mean THAT fringe blog ? Of course not, I read the WALL ST JOURNAL and they told me a BAILOUT WAS COMING ?? So i load up on the debt because you know the ECB is going to BUY BUY BUY so i make $$$$ !! Of well i fucked up : time for my 15mil $ golden parachute...


Mon, 10/31/2011 - 16:34 | 1829707 Problem Is
Problem Is's picture

+1 Zola...

Corzine: "Oh well, I only lost some one else's money..."

Mon, 10/31/2011 - 18:55 | 1829994 TwelfthVulture
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Corzine: "Oh well, I only lost some one else's money, AGAIN..." 



Mon, 10/31/2011 - 18:01 | 1829873 trav7777
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He went to the Bill Gross school of loading up on bonds for QEs

Mon, 10/31/2011 - 16:09 | 1829624 wang (not verified)
wang's picture

The question is this: Is MF is BS redux, then what/when is the coming Lehman event?

Mon, 10/31/2011 - 16:09 | 1829626 SuSpencer
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JC would have been much more successful had he just followed a more stringent set of Risk Management Prinicples:

Mon, 10/31/2011 - 16:09 | 1829627 narnia
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the same team of shredders at PwC who probably just finished up Solyndra have a new project:

Mon, 10/31/2011 - 16:11 | 1829634 Killer the Buzzard
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Today is the last day for $5 footlongs at Subway bitchezzzz.

Mon, 10/31/2011 - 16:17 | 1829655 TuesdayBen
TuesdayBen's picture

Isn't Subway a bit fresh for your taste?

Mon, 10/31/2011 - 16:36 | 1829713 Problem Is
Problem Is's picture

SHIT! Today is the last day?

Can I have a foot long for which I will gladly pay you Tuesday??? No really. I will pay tomorrow...

Mon, 10/31/2011 - 16:12 | 1829639 Note to self
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Slightly OT but:  WHy is it that after horrible days with nearly 10% losses on the day in their stock price, MS and BAC show as nearly flat, +/- .04% on the dya if you get a quote from Marketwatch at 4:10 PM?  How does that work?

Mon, 10/31/2011 - 16:17 | 1829654 Deadpool
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they don't. BAC down 7% today and MS down 8.65%...maybe you're seeing after hours.

Mon, 10/31/2011 - 16:18 | 1829658 Note to self
Note to self's picture

must be

Mon, 10/31/2011 - 16:25 | 1829675 SwingForce
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Those are after hours quotes, see the little moon icon? They wipe the slate clean at 4pm.

Mon, 10/31/2011 - 16:13 | 1829642 JenkinsLane
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Tonight, Matthew, I'm going to be Nick Leeson.

Mon, 10/31/2011 - 16:13 | 1829643 williambanzai7
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Will anyone care to join me for some...


Mon, 10/31/2011 - 16:18 | 1829657 Piranhanoia
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Is that what I'm going to look like afters?   

Mon, 10/31/2011 - 17:25 | 1829818 Ruffcut
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I'll pass.  This may that schnapps that tastes like ass and you wake up up with a big fat ugly something.

Mon, 10/31/2011 - 16:20 | 1829662 Lord Welligton
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I'd drink the whole 750ml.


Mon, 10/31/2011 - 16:24 | 1829674 GeneMarchbanks
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Is that Chris Christie?

Mon, 10/31/2011 - 16:28 | 1829685 kaiserhoff
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We'll need absinthe before this is over;)

Mon, 10/31/2011 - 17:43 | 1829839 s2man
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I've bought wormwood seeds.  will let you know when I get the recipe for absinthe ;-)

Mon, 10/31/2011 - 16:28 | 1829686 SwingForce
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In the can?

Mon, 10/31/2011 - 16:31 | 1829699 williambanzai7
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At this point there is no point in going to see standup comedy. All you have to do is watch the screen...


Mon, 10/31/2011 - 17:48 | 1829848 Pitchman
Pitchman's picture

Ouzo: Liquid Polio

Mon, 10/31/2011 - 18:54 | 1829992 Zero Govt
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Drunk on debt that's for sure ...I'm just watching Jean Claude Trichet on CNBC explain how very important it is for the ECB to quadruple the size of the brewery and keep all the drunks of Europe pissed as farts 24/7 for a decade to come

Brilliant stuff... pass the vodka popcorn

Mon, 10/31/2011 - 23:14 | 1830714 bankruptcylawyer
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banzai i sent cyriak your blog, i wanted him to check you out. he's not political. but if you watch all his videos and look at the subtext of his creative messages. he's deeply subversive. please check him out. i'd love for you two to collaborate. seriously. that would be my dream. PLEASE watch his videos. it will take an hour, it will be worth it. 

Mon, 10/31/2011 - 16:33 | 1829700 malikai
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Is that a PIIGS he's got his right foot on?

Mon, 10/31/2011 - 16:34 | 1829704 Goldtoothchimp09
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should read 112 proof - gotcha

Mon, 10/31/2011 - 16:35 | 1829709 Baron Robber
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hope that's in the store WB, I'll buy the shirt now

Mon, 10/31/2011 - 16:38 | 1829720 Problem Is
Problem Is's picture

Damn it willb7... I'm trying to eat lunch here...

Mon, 10/31/2011 - 18:21 | 1829907 11b40
11b40's picture

Yo!  WB7.....Your Halloween post was FANTASTIC!

Anyone who missed it:


Mon, 10/31/2011 - 16:13 | 1829644 Mark123
Mark123's picture

This is just another tiny fraction of the total and utter corruption to be exposed.  As Ron Paul says this all goes back to sound money (the lack of it).  Until that is fixed there will be no stopping this destruction of our wealth.   


And for those that pin their hopes on emerging markets....I hope you enjoy what they have in store for you.

Mon, 10/31/2011 - 16:27 | 1829682 ToNYC
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Death by ZIRP. EuthanAsia currency: Mrs. Smith meet Mrs. Watanabe.

Mon, 10/31/2011 - 18:13 | 1829891 earleflorida
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note: there are ~14 months left to debate whether or not to extend the FRB'System charter

let the debates begin!

Mon, 10/31/2011 - 18:50 | 1829978 TwelfthVulture
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It is the genius of the New Deal which halted and then reversed the upward mobility of a growing "super" middle class while at the same time instituting a permanent barrier to downward mobility for those who had already "made it."  The end of WWII, leaving America's manufacturing base largely unscathed threatened this construction, however, recent events have restored the status quo.

Mon, 10/31/2011 - 16:17 | 1829650 Piranhanoia
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More whistles.  More blowing.  I want my ears to hurt.

Mon, 10/31/2011 - 16:20 | 1829652 Yellowhoard
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I wonder if Corzine's wallet has Bad Mother Fucking Global on it?

Mon, 10/31/2011 - 16:27 | 1829665 jcaz
jcaz's picture

LOL- Corzine rolled the dice, it was his shot to get up to GS status-  he failed, but in his mind-  so what?  He has no skin in this game, and no liability as it goes down in flames.  He'll make some grandiose announcement that he's foregoing any claim to the $12M-  he'll struggle by on just his billion, plus the double government pension.

I'm sure he doesn't mind being called stupid, as long as he's not in jail.

Bet he's laughing his ass off at the world right now-  oh well, onto the next adventure,what else can I fuck up for free......

Mon, 10/31/2011 - 16:28 | 1829688 ToNYC
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Triple damages will make him locked-in NJ farmer, sharecropping if he's lucky.

Mon, 10/31/2011 - 16:22 | 1829666 Me XMan
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Mon, 10/31/2011 - 16:26 | 1829676 Deadpool
Deadpool's picture

dust in the wind:

An energy company that received U.S. loan guarantees has filed for bankruptcy, the latest black eye for a Department of Energy loan-guarantee program after Solyndra LLC collapsed two months ago.

Massachusetts-based Beacon Power Corp. filed for bankruptcy Sunday after running out of money building its first energy-storage project outside Albany, N.Y.

Beacon filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del.

The company has been developing technology that could recycle unused power left over from conventional utility power grids.

The Department of Energy had agreed to back $43 million of Beacon's $69 million project in Stephentown, N.Y., according to court documents. The company has drawn down $39 million of the loan, according to the Department of Energy.

Mon, 10/31/2011 - 16:31 | 1829696 Piranhanoia
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Sadly,  The idiot boy and his monkey trainer fired all real scientists for talking or reporting real scientific information that their retarded gentry they called their base loved them for.  There is no one left in the government that is allowed to make a truthful report, and very few that would be able to write one.

Mon, 10/31/2011 - 18:05 | 1829876 trav7777
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There were also the diversity mandates to account for.

Any organization lacking appropriate diversity is to be shut down or else have diversity imposed on it at all levels.

Mon, 10/31/2011 - 18:42 | 1829955 TwelfthVulture
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Don't forget the muslim outreach.

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