Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating

Tyler Durden's picture

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hardcleareye's picture

" are all a bunch of idiots and hacks."


" are all a bunch of FUCKING idiots and hacks."   fixed that for you.  If your going to rant do it right.;)


enjoyed the article.

iDealMeat's picture

WB7!!   quick!  You need this pic..


edit: man I wish I had pic post privileges..

Ancona's picture

+1000 IDM Fucking appropriate if anything ever was!

love the internet!

i-dog's picture

Never fear ... there's another summit next week ... and the week after ... and the week after that.

Sarkozy to Merkel: "Can we make it Friday, so that I can have another long weekend with you away from the kids?"

fnord88's picture

anyone see the news about the blogger fined 2.5 million for saying mean things about an investment bank? Apparently bloggers are not journalists, and thus have no protection from defemation etc?

Are you next Tyler?

nmewn's picture

Who represented the poor schlub...Dewey, Cheatum & Howe? ;-)

slewie the pi-rat's picture

ya made me look, ya dirty crook

turns out, she represented herself!
we can hope she'll do better before the appellate bench!

nmewn's picture


I rarely open a commenters link, unless I trust them completely. I didn't with that one either...just went with my gut instinct of (now I know her) being poorly represented.

Instead of the old law joke of "do we cheat them and how."..I now revise & extend my remarks to "did I cheat myself or what"

xela2200's picture

She had a fool for a client --> "Cox represented herself in court."


Sounds more like a case of slander. If she caused a financial loss, they have a right to be whole again. Only defense against it is if claim is true.

"Without the source, she couldn’t prove the information in the post was true — and thus, according to the judge, she didn’t qualify for Oregon’s media shield law since she wasn’t employed by a media establishment. In the court’s eyes, she was a blogger, not a journalist. The penalty: $US2.5 million."


She should had borrow a copy of the Unified Commercial Code.

fnord88's picture

Does that mean the Tylers would have to be able to prove everything they say? Sorry i'm from australia, and our laws are very different.



nmewn's picture

Maybe I can help.

Tyler(s) "source" everything put up and provides commentary/opinion. There is no nebulous black hole for a judge or prosecutor to say "cite your sources".

There is no law against someone having an opinion here.

Hope that helps.

IQ 101's picture

I like her, she's kind of chubby, you could take her jogging and in a few months you'd have a nice ride,

Does she have 2.5 mil, no, so it is just a number and the Mexi judge will be overturned on appeal and he will be unemployed when the collapse happens, soon, then he will die because he is a worthless commie half wit.


chump666's picture

There will be a million defence lawyers lining up to defend this and slam that 'bank' down for being a-holes and trying to act like a-holes.


Dr. Kananga's picture

"to all the pundits who claim a universal downgrade by S&P of Europe's sovereigns and banks will have no impact, we say it now officially - you are all a bunch of idiots and hacks."

Legal action is unlikely--when the inevitable happens, it will be very difficult to find said pundits, who will suddenly become rarer than hen's teeth. Same as finding those who knew for a fact there was WMD in Iraq, etc. "who? what? where? Iraq? never heard of it."

SirIssacNewton's picture

They can have all the summits they want, but it's time to let this EU construct fold already.  Yes...there will be pain, but the only way we might once again re-assembly ourselves is with the debt expunged from our financial system, the central bankers thrown into jail, and sound money returned as the basis of society.  The longer we put facing this and the more they try for the one world government...the more pressure of collapse will fall least, that's what I hope it does.

Silver Bully's picture

Ironically enough, there is a video on kasota's drive-a-tank right below it. Great practice for the when TSHTF!

Atomizer's picture


Sarkozy: I wonder what time Angela scheduled the circus midgets to arrive in our room this evening?


upWising's picture

And the dude NEXT to Sarc-cozy.  Is he flipping off Angie, The Sark, Europe, or is he just getting ready to pull out a BIG bugger?

upWising's picture

And the dude NEXT to Sarc-cozy.  Is he flipping off Angie, The Sark, Europe, or is he just getting ready to pull out a BIG bugger?

nmewn's picture

Caption contest?

The guy to my left is giving me an idea, how bout it? ;-)

hidingfromhelis's picture

"Not now, some clown from a wanna be banana republic is massaging my shoulders."

Mauibrad's picture

@iDealMeat  Yeah, the Greek finger.  Merkel also looks increasingly unhealthy.  She's really gained a lotta weight.

i-dog's picture

  "She's really gained a lotta weight."


It's all those lavish conference lunches and dinners every freaking week!

MillionDollarBonus_'s picture

I am astonished that in the context of the European Debt Crisis, I am yet to see a single article featuring the European PRESIDENT himself, President Herman Van Rompuy. I believe this is due as a matter of courtesy if nothing else. I admit that if you’re looking for cheap sound bites and glamorous press conferences, then President Van Rompuy is not for you. However, if you’re looking for a politician with strength of spirit and a quiet, determined and unwavering focus on his statutory duties, then I believe he is the perfect leader. Focus on leadership, not charm. Be part of the Rompuy Revolution!!!

kengland's picture

Futures are money green right now. Pretty funny considering "last minute summity mutiny" runs in this headline

Tyler Durden's picture

Futures were money green last night too. Pretty funny considering what happened after.

kengland's picture

Come on. Who are you kidding? THere was no headline yesterday starting at 18:43 hrs stating "

Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating"


I would expect to see maybe a wee bit of red with such a dramatic story. Are you suggesting arb here? Risk free? Too funny

Tyler Durden's picture

Since the headline reflects reality (if you were to read the post), it is a little confusing just what you are troubled by.

kengland's picture

No big deal man. The headline reads as if this thing is over. Reality is, no one believes it. Lots of bullshit flying at all ends

Cdad's picture

@ kenglad

You just witnessed the mother of all outside reversal days, with the S&P printing 1272 in the premarket, and trading straight down into a miserable close at 1231...and you are talking about 4 green aftermarket S&P futures points?  Obviously, you are just a touch on the obtuse side, and equally obvious is the certainty that you trade absolutely nothing...that you would make this case here.

Been on the wrong side of such days before...and surely I was not cocksure posting 'bout no nonsense futures blip after a day like this.  I call fail on your flat stupid comments here.


Chump's picture

Do you really think ZH headlines affect momo donkeys?  But anyway, why are you writing comments when you could be buying the market hand over fist?  Futures are green, right?  Go all-in derp derp.

kengland's picture

It's comes from the telegragh moron. Yeah...that's a pretty big venue

Chump's picture

Then why did you both quote and link to ZH's headline and article, moron?  I swear, it's almost like you're dumb enough to think DOW futures up 20 points at 8PM EST is significant or something.  Go all-in!!!11!1oneone!!

Carl Spackler's picture

Right on, Tyler.

The shadow banking network is working OT with its London pass-thrus to create the leverage -er, multipliers- needed to keep the Euro markets (and world, therefore) artificially inflated!

By the way, if there were integrity in this world, you should get a Pullitzer Prize for your article on the London-centered shadow banking system.

THAT was excellent work, bro.




unununium's picture

What could be better for US equities than the complete implosion of the eurozone?

Unless you are worried about US banks or something.

FinalCollapse's picture

MDB: Hahaha - here goes another KEYBOARD.

clymer's picture

One has to recognize MDB as the most comical troll since hamy. Love you MDB. Never change

Everybodys All American's picture

Lots of short man complexes still going on in the EU don't you think? Also,don't be astonished though because the prior European presidents were ignored by the rest of the world as well until they kind of stepped out of line so to speak. This time it is some what different because the guy Von Rumpey is just a figure head and really has no power over anyone. Kind of reminds me of a statue.

Heyoka Bianco's picture

Not really into piling on, but fuck it, as long as I'm not on the bottom of the pile: Rompers was previously PM of Belgium. Take one cursory look at that bassackwards, broke-dick cesspool (which still doesn't have a government), then you will see the definition of utter failure. Plus he's from Flemland.

upWising's picture

Mr. Eye:

You needn't candy-coat your commentary sir. You are amongst august, sober, clear-eyed adults here. As the "dudes" would say: "Let it rip."


J 457's picture

Any guess how far SPX drops if S&P downgrades over weekend.  20-30-50pts?? 

Buck Johnson's picture

I knew this wasn't going to work and all they are doing is delaying the inevitable.