- advertisements -
He is very affraid.
Lots of rats are jumping off lots of ships.
What is that stench I smell in the wind?
You know what a shit barometer is?
Measures the shit-pressure in the air...you can FEEL it!
Maybe his conscience kicked in an reminded him that it shouldn't even be debated if a 50% haircut is a credit event
Get to know em:
Handy site, that one. Thanks.
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
It's the smell of rotting debt.
He can get a job stamping Grade A on Grade D fit for human consumption meat.
The pickel went up te poop shoot...It's really stinkin up the place
He must have resigned voluntarily with a gun to his head too.
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.
what you say makes alot of sense.
Seems they're in a Pickel over there.
What does he know? What is coming down the pipe?
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.
Haha, replaced by a Pickel
Sweet or Sour?
sorry - double post
ISDA gives head to Pickel?
Now they have a Pickel up their ISDA...
This is boring. When do we start seeing CEOs thrown from helicopters?
Yeah what a boring day. No riots. No collapse.
The highlight of my day so far was the shithawk video.
Pickel...you gotta be kidding!
I hate to ask, but . . .first name Dick?
Probably Dilbert...Dill for short.
actually its Vlasic...
Its actually Flesh
It's d'Onion actually.
Nope. It's Bob. Bob Pickel. Get it? Bob Pickel? Er..., nevermind.
Ha, ha, ha..........he said Pickel.
Time for this.
Infectious Diseases Society of America, oops wrong abbreviation
Well done, Mr Rickards, you sorted him out!
RC Whalen posted here yesterday too.
The long knives are out.
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?
he may be jumping ship before the lawsuit tsunami comes
A Shitnami, and theyre all getting swept up in the undershit of that wave.
waves of shit to go with wnds of shit...hmmm, the shit barometer must've detected a shittercane...
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...
Small print is just words on paper. Judicial loyalty is what will determine where these lawsuits go (or don't).
If only American politicians were resigning at the same pace as those in EU....
This move is clearly not a resignation event. He's merely restructuring his work/life balance.
He wants to spend more time with his family.
He's going to be the new football coach at Penn State.
Why is ZH silent on the municiple bankruptcy proceedings in Alabama? Where is Whitney these days anyway?
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.