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66.6 billion... perfect number for the devils
That is how they ask for help.
Gotta peg their debt to all currencies in order to maintain their 66.6 Billion perfection....
Woe to you oh BACR and JEF for the devil sends the PIIGS with wrath because he knows the time is short.
Let him who have understanding reckon the exposure of the PIIGS... for it is a human number. This number is 66.6
Bilateral Netting, bicthezz
Blow that Whistle !!
911 was an inside job you bitch motherfuckers look at all the insider transactions.
To bad the Freedom tower isn't ready yet.... this crisis could have been solved so easy...
it wouldn't have taken anymore than 2 to 3 loaded planes...
what are you talking about? the $40 billion profit from put options placed on airline and insurance company stocks on 9/7/01 was pure coincidence. no need for the 9/11 commission to investigate that
plus the SEC destroyed all the evidence
neither Deutsche Bank nor Mayo Shattuck had much to say about their client, who may have had wahhabi on their sushi.
now we can move to the big boys! get your MS CDS while it is still cheap :)
The dominoes are a wobbling!
Banksters selling? Question is who is buying the crap. Beeno?
Something is rotten in the state of Denmark, er global banking system.
What is this rot you speak of?
rotten since the beginning. just now starting to smell badly enough for a critical mass of people to notice it.
Egan Jones puttin' in work.
We need an Egan Jones gang sign for flashing.
Barry Knapp knew all the cash flows, but the audience left the party with Sean Egan. So mid-size brokerages, who can get stuck at any moment in MF Globalcluster f*ck frozen tundra, don't get love at this point in the cycle. Fewer players with an old-school (since 1848 CBOT beginning) sense of ethics and basic fairness care to play by the new rules. Repeat: mathematics doesn't lie, people do.
Wonder when they will get formally investigated by the SEC for said work.
Thyey're all liars.
Liar liar pants on fire!
This will all end very badly. We will watch as columns of smoke rise up over the ruins of our fianncial system when it's all done. These motherfuckers aree playing with the financial well being of the entire planet, all to scrape a nickle off here and there.
Financial fucking terrorists, every single one of them.
Precipitous PIIGS Pulled Pork?
This is nuts.. ECB is absorbing all the bad debt from European spaghetti architecture and Germany will be on the hook for it all. Once again, the plutocracy socializes risk, and privatizes profits.
The last time GErmany was broke(n), she lashed out.
not she..., Der Vaterland...
I rather doubt Germany will be on the hook for all this stuff. Germany will leave the EU. It's in the works now.
This just in: World Domino Championship, er global ponzi scheme, hits snag as Oklahoma, er New York, is rocked by 1000 quakes.
House of Cards competition, er um Europe, braces for win...er I mean someone to declare they have the biggest...er um...
Headlines at the top of the hour.
Tyler... any word on the SuperCONgress progress on our debt issues?
Tick tock tick tock tick tock
he addressed this earlier: nope
he'll post stuff as he gets it, i'm sure, Z_guy
Thanks slewie... I always like th pi-rat posts!!! THANKS!!!
The ECB is running out of fingers yeah?
I still have a slide rule with exponential scales they can use...
Jefferies actions are so bizzare and defy all logic. If I have to speculate, why they are acting so erratic - the two main reasons could be:
1) clients are fleeing
2) they rely heavily on short-term financing. Just like Bear and Lehman, the spigots have been stopped.
Again - pure speculation on my part.
Keep the pressure on them Tyler.
Barclay's is a very large bank. How does this compare to its total capital?
Capital = Taxpayers money = Plenty to go arround
Correct me if I'm wrong, but if Jefferies is #2 in the line on this margin call on sovereign debt, the punishment will just get worse further down the line. If Jefferies takes a hit at say $.70 on the $ to off load debt further helping the write down, this could slow the tide building, right? If banks are forced to settle this debt at reduction in principal you must have a buyer!! Jefferies is backstopped by the FED, Correct???
Last bag holder - can it be BofA? I'd love to see them get a solid kick in the nuts here.
If BofA is a bagholder, they won't be the last, the feds will bail them out in a heartbeat, endlessly. So ultimately the last bag holder will always be the US citizen. I don't think that reality has dawned on most people yet. People talking trash about the Eurozone, do they not realize the US-funded IMF is eventually going to be involved and be the supreme backstop for the entire western world?
So many bankers playing hot potato and hide the debt. I wonder who will be the first big one to fall.
For those who manage other peoples money, and cannot beat the Bridgewater's performance, READ the Ray Dalio's comment, and re-read it, and re-read it. Dalio's comment has all you need to know about all these nonsenses flying at your face.
which will achieve nothing until Barclays follows in Jefferies footsteps and liquidates- (delete the rest)
Time for Barclays to go. They add no value and think they are hotshots. Quite pathetic actually.
Leave Barclays alone. They are my friends. They loaned me lotsa moola for my 2 Macbook pros interest free. What they do in their spare time does not concern me. Thanks Barclays. Its a pleasure doing business with you.
So what do we think will give first? Will nations be declared in default, triggering CDS' but starting the dominoes... or will "voluntary" actions not trigger CDS, and financial institutions lose big??
I'm thinking defaults will occur; the big boys always seem to get their way
the music is slowing down, where are the chairs ???
this is like watching the movie margin call all over again
When you have an idiot FED chairman and a mafia ECB chairman, there is no worry. They will print until problems are solved. Btween zinbabwe's great economy "boom" and USA great depression, you choose. BernankDickHead already chose one for you.
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