ISDA CEO Stepping Down

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Thu, 11/10/2011 - 11:53 | 1866124 YesWeKahn
YesWeKahn's picture

He is very affraid.

Thu, 11/10/2011 - 11:56 | 1866151 NewThor
NewThor's picture

Lots of rats are jumping off lots of ships.

What is that stench I smell in the wind?

 

Thu, 11/10/2011 - 12:01 | 1866175 Conrad Murray
Conrad Murray's picture

You know what a shit barometer is?

https://www.youtube.com/watch?v=4pcMn5bXbRU

Thu, 11/10/2011 - 12:18 | 1866264 SheepDog-One
SheepDog-One's picture

Measures the shit-pressure in the air...you can FEEL it!

Thu, 11/10/2011 - 13:22 | 1866536 Hard1
Hard1's picture

Maybe his conscience kicked in an reminded him that it shouldn't even be debated if a 50% haircut is a credit event

Thu, 11/10/2011 - 12:49 | 1866377 Shitters_Full
Shitters_Full's picture

Handy site, that one.  Thanks.

Thu, 11/10/2011 - 12:12 | 1866209 SheepDog-One
SheepDog-One's picture

Shit hawks circling, swooping in low and shitting on people and dragging them back the the big shit nest....big, greasy, dirty shit hawks.

The shithawks are coming, Bubbles! - YouTube

Thu, 11/10/2011 - 12:16 | 1866250 Oh regional Indian
Oh regional Indian's picture

It's the smell of rotting debt. 

ORI

Thu, 11/10/2011 - 12:36 | 1866315 Hephasteus
Hephasteus's picture

He can get a job stamping Grade A on Grade D fit for human consumption meat.

Thu, 11/10/2011 - 13:55 | 1866653 HardwoodAg
HardwoodAg's picture

The pickel went up te poop shoot...It's really stinkin up the place

Thu, 11/10/2011 - 12:06 | 1866204 EL INDIO
EL INDIO's picture

He must have resigned voluntarily with a gun to his head too.

Thu, 11/10/2011 - 13:28 | 1866557 ghostfaceinvestah
ghostfaceinvestah's picture

I have met the man, and he seemed a decent guy.  His background is as a risk manager, not a trader.  My bet is he didn't agree with the decision and doesn't want to deal with the bullshit anymore.  He knows damn well it was a default, and knows equally well that sovereign CDS are now worthless.  But you can bet there was a ton of pressure to conclude no default.

Thu, 11/10/2011 - 14:16 | 1866776 Vergeltung
Vergeltung's picture

what you say makes alot of sense.

 

Thu, 11/10/2011 - 11:54 | 1866130 Conrad Murray
Conrad Murray's picture

Seems they're in a Pickel over there.

Thu, 11/10/2011 - 11:54 | 1866133 No One
No One's picture

What does he know? What is coming down the pipe?

Thu, 11/10/2011 - 12:15 | 1866245 Theosebes Goodfellow
Theosebes Goodfellow's picture

Exactly my thoughts, No1. In an extremely generous mindframe, you could think he'd had pangs of guilt for the fraud perpatrated on Greek CDS holders, but more than likely he too is seeing that the jig is up and that the future holds nothing but more bullsh*t "rulings" on credit events. You can hardly fault a man for not wanting to stand in front of the impellers when they are about to be subjected to the infusion of feces.

Thu, 11/10/2011 - 11:54 | 1866137 MarkTwainsMustache
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Haha, replaced by a Pickel

 

Thu, 11/10/2011 - 12:01 | 1866176 Pegasus Muse
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Sweet or Sour?

Thu, 11/10/2011 - 12:07 | 1866212 Conrad Murray
Conrad Murray's picture

Kosher.

Thu, 11/10/2011 - 12:07 | 1866210 Instant Wealth
Instant Wealth's picture

Haha, replaced by a Pickel

 

sorry - double post

Thu, 11/10/2011 - 11:55 | 1866144 Mae Kadoodie
Mae Kadoodie's picture

ISDA gives head to Pickel?

Thu, 11/10/2011 - 11:55 | 1866145 Loose Caboose
Loose Caboose's picture

Now they have a Pickel up their ISDA...

Thu, 11/10/2011 - 11:56 | 1866150 Ecoman11
Ecoman11's picture

This is boring. When do we start seeing CEOs thrown from helicopters?

Thu, 11/10/2011 - 12:32 | 1866297 topcallingtroll
topcallingtroll's picture

Yeah what a boring day. No riots. No collapse.

The highlight of my day so far was the shithawk video.

Thu, 11/10/2011 - 11:56 | 1866154 Star-Gazer
Star-Gazer's picture

Pickel...you gotta be kidding!

Thu, 11/10/2011 - 11:59 | 1866165 Note to self
Note to self's picture

I hate to ask, but . . .first name Dick?

Thu, 11/10/2011 - 12:02 | 1866188 Star-Gazer
Star-Gazer's picture

Probably Dilbert...Dill for short.

Thu, 11/10/2011 - 12:52 | 1866397 eatthebanksters
eatthebanksters's picture

actually its Vlasic...

Thu, 11/10/2011 - 12:05 | 1866201 junkyardjack
junkyardjack's picture

Its actually Flesh

Thu, 11/10/2011 - 12:11 | 1866232 The Knights Who...
The Knights Who Say Ni's picture

It's d'Onion actually.

Thu, 11/10/2011 - 12:13 | 1866237 Elwood P Suggins
Elwood P Suggins's picture

Ina.

Thu, 11/10/2011 - 12:48 | 1866365 Theosebes Goodfellow
Theosebes Goodfellow's picture

Nope. It's Bob. Bob Pickel. Get it? Bob Pickel? Er..., nevermind.

Thu, 11/10/2011 - 11:57 | 1866157 Loose Caboose
Loose Caboose's picture

Ha, ha, ha..........he said Pickel.

Thu, 11/10/2011 - 11:58 | 1866160 Iriestx
Thu, 11/10/2011 - 12:00 | 1866169 Irish66
Irish66's picture

Infectious Diseases Society of America, oops wrong abbreviation

Thu, 11/10/2011 - 12:01 | 1866181 Troy Ounce
Troy Ounce's picture

 

 

Well done, Mr Rickards, you sorted him out!

Thu, 11/10/2011 - 12:35 | 1866307 Bolweevil
Bolweevil's picture

RC Whalen posted here yesterday too.

Thu, 11/10/2011 - 12:02 | 1866182 Dr. Engali
Dr. Engali's picture

The long knives are out.

Thu, 11/10/2011 - 12:04 | 1866187 Mercury
Mercury's picture

I thought the ISDA Determinations Committee decides what constitutes a default or not? 

And that's still the case - no?

So what did the CEO do wrong in ISDA's eyes?

Thu, 11/10/2011 - 12:05 | 1866198 Comay Mierda
Comay Mierda's picture

he may be jumping ship before the lawsuit tsunami comes

Thu, 11/10/2011 - 12:08 | 1866217 SheepDog-One
SheepDog-One's picture

A Shitnami, and theyre all getting swept up in the undershit of that wave.

Thu, 11/10/2011 - 12:54 | 1866414 eatthebanksters
eatthebanksters's picture

waves of shit to go with wnds of shit...hmmm, the shit barometer must've detected a shittercane...

Thu, 11/10/2011 - 12:11 | 1866228 Mercury
Mercury's picture

I think Reggie Middleton thinks lawsuits are imminent too but if the small print says the Committee calls the plays I'm not sure what the case is...

Thu, 11/10/2011 - 12:35 | 1866308 NotApplicable
NotApplicable's picture

Small print is just words on paper. Judicial loyalty is what will determine where these lawsuits go (or don't).

Thu, 11/10/2011 - 12:03 | 1866193 J 457
J 457's picture

If only American politicians were resigning at the same pace as those in EU....

Thu, 11/10/2011 - 12:09 | 1866211 Nascent_Variable
Nascent_Variable's picture

This move is clearly not a resignation event.  He's merely restructuring his work/life balance.

Thu, 11/10/2011 - 12:44 | 1866347 pelican
pelican's picture

He wants to spend more time with his family.

Thu, 11/10/2011 - 14:08 | 1866737 Nigh Eve
Nigh Eve's picture

He's going to be the new football coach at Penn State.

Thu, 11/10/2011 - 12:05 | 1866199 LawsofPhysics
LawsofPhysics's picture

Tyler,

Why is ZH silent on the municiple bankruptcy proceedings in Alabama?  Where is Whitney these days anyway? 

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