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Moody's Hammer To Fall At 4 PM
From Bloomberg citing CNBC, which apparently is where Moody's leaked all its data
- MOODY’S TO UNVEIL BANK DOWNGRADE AT 4PM: CNBC
- CNBC SAYS B OF A L-T DEBT RATING TO BE CUT BY 1 NOTCH BY MOODYS
- CNBC SAYS CITI, JPM AND GS L-T DEBT RATING WILL BE CUT 2 NOTCH
So... this leaves Morgan Stanley with the dreaded 3 notch cut which automatically springs up to $9.6 billion margin calls and memories of AIG? Assume crash positions.
Oh, and for our Canadian friends:
- CNBC SAYS THE MOODY’S ACTION WILL INCLUDE 1 BANK FROM CANADA
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Airlines tell you to put your head between your legs because it snaps your neck faster upon impact.
S meets Fan.
Fuck you MS!
Awesome leak. Surely there were no SEC violations here. Wait, what's the SEC? My bad.
Sure explains the huge sell-off in Gold today, doesn't it.
Somebody has to cover some pretty huge margins, it seems.
In February Moody's said U.S. bank Morgan Stanley and Swiss banks UBS (UBSN.VX) and Credit Suisse (CSGN.VX) could be cut by up to three notches.
There could be cuts of two notches for Barclays (BARC.L), BNP Paribas (BNPP.PA), Citigroup (C.N), Credit Agricole (CAGR.PA), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N), HSBC Holdings (HSBA.L), J.P.Morgan (JPM.N) and Royal Bank of Canada (RY.TO).
Moody's has said there could be one notch downgrades for Bank of America (BAC.N), Royal Bank of Scotland (RBS.L) and Societe Generale (SOGN.PA).
Why are these "rating agencies" allowed to do this? Isn't there some kind of Executive Order prohibiting sheeple panic and bank runs?
Drilling on GS, BoA, JPM, foreign countries banksters... Seriously....Moody's et al are lucky to still be breathing....
Correct me if I'm wrong, but institutional investors will have to respond in some cases. No??
couldn't happen to more deserving bastards....er, banks...
Cash on hand? Check
Silver/Gold on hand? Check
Depends? Check
Anything?
Haters gonna hate: MS up 54c AH right now...
Temporalist said:
Tyler Durden: [pointing at an emergency instruction manual on a plane] You know why they put oxygen masks on planes?
Narrator: So you can breath.
Tyler Durden: Oxygen gets you high. In a catastrophic emergency, you're taking giant panicked breaths. Suddenly you become euphoric, docile. You accept your fate. It's all right here. Emergency water landing - 600 miles an hour. Blank faces, calm as Hindu cows.
Business must be slow for them... and I guess some of the aforementioned banks didn't want to get shaken down and refused to pay up.
Now we get to find out which ones... can't say they weren't warned...
And the sheep with deposits at these banks still stay with these banks, oblivious to the liability side of the ledger far outweighing the asset side. You think those folks would have listened to the warnings. Kind of hard to hear the warnings over Miley Cyrus' ass checks hanging out I guess.
You mean I shouldn't have skipped that "news" story?
Oh... well, fine then!
http://www.dailymail.co.uk/tvshowbiz/article-2162461/Miley-Cyrus-bit-che...
Nice find.
Sell that gold! Drop that price! I'll buy - I'll buy!!
-30-
And they (along with S&P, et al) haven't even yet begun to fuck over the EU/EBC.
What an opportunity to set the ratings process "right"
The Europeans just cut off thier own dicks.
Gonna need lots of popcorn, honey.
I was thinking the same thing knuckles when the euro politicians are now going to rate their own bonds.
The world is ONE catastrophe from total economic meltdown and no amount of printing will stop it...
Margin calls on the nines!!!
Unless porn sites report financial news then the SEC employees will never know what's happening from day to day.
I would bet the google trends of search terms originating from the SEC would be dealing with Octomom and the sort.
Octomom ... Bullish!
everyone forget about Naked News?
http://www.dailymotion.com/video/x9tuv9_naked-news-holly-eglinton_sexy
It's the South Eastern Conference, you dummy! Come.On! Don't you watch TV?
so MS = Mega $hit?
Canadian Bank?? Nice...Must be CIBC or Bank of Montreal
Bernanke hasn't delivered more Krugmanrands (i.e. massive amounts of new, additional debt-derived fiat, to be deposited into the TBTF, wards of the taxpayers banks & Wall Street), yet, so the TBTF taxpayer teat-sucking parastic drain financial players have rigged this to tank in a big way so they can prime the pump again.
It's 2008's, Hank Paulson's "tanks in the streets & martial law if Congress doesn't give me a blank check and The Bernank a green light, bitchez," redux, deja vu, v2.0.
In other words, they're going to throw a big, loud tantrum, tanking 401(k)s, until they get what they want.
I guess we get to find out if Jamie Dimon was correct about a TBTF bank being able to fail...
Truth I may be wrong on this but the only reason the Fed is not doing QE right now is because of the elections. If the fed starts QE too early commodities will be sky high during the election period. Look for it in September or October. This administration can then get on the MSM and speak about how he save the USA and bam he is reelected.
Timing is everything to politicians.
but.....but... i was told our banks were "the best in the world"? you mean i was lied to????? (sarc)
i believe CIBC was one of the banks here that was the largest holder of ABCP (or at least the most leveraged). i would guess that is the bank in the crosshairs.
Royal
So rather than say, "Shit meets Fan", you choose to go with the more PC, "S meets Fan".
Then you say "Fuck you MS!".
Crap-boobs-crap! You give cursing a bad name! ;-P
yeah i dont know what i was thinking. lol
Margin calls should be renamed Euro Calls!
Notice how the big gold hit days come when one of these banks have collateral calls? Last time was when the JPM trade was first in the news.
Naked shorting I am sure. I can't imagine these banks actually have any assets to speak of.
Negative Reserve Banking is gonna getcha.
90% of the banks out there should be junk status. If not higher.
http://jimrickards.blogspot.ca/
Shit splatters fan! Blades and shit go flying!
I guess Gorman from Morgan Stanley, didn't blow Moody's good enough.
Paging Warren Buffet.
Another 5 billion dollar rubber ducky bathtub deal?
Maria B is pissed off. She must have turned old Warren Buffett down for a quickie in the elevator. She really wanted to cover this downgrade herself and not let the lose your money fast clowns do it.
Drum-roll please!
All priced in already. Unless they are only downgraded 1 notch, then it's hugely bullish.
You sound just like Peter Tchir... http://www.tfmarketadvisors.com/
PPT must've asked 'em to hold until after the bell.
Yeah-- wouldn't want the Markets to flush entirely down the toilet today. Best to leave some for the second flush tomorrow morning.
Heh.
Tomorrow is the ramp up on new QE rumors.
This is just a courtesy flush. The big one is coming.
LOL! Fucking hilarious. Huge belly roll!
"courtesy flush"... glad to see someone here had proper toilet training.
Heh... yep.
Futures continuing their slide. I'm going to need to pop a LOT of popcorn, tomorrow.
I am quite fond of going into any bank and taking a wicked one in their public toilet - then NOT flushing!
Except those trading PMs, who seem to have heard about this around 9:45 AM EDT.
Hey JPM...
http://www.evilmilk.com/pictures/Where_Is_Your_God_Now.jpg
3:30 ppt where are yoouuuuuu ..echo. echo..
got the afternoon off. they are coming in later tonight to ramp the fuck out of futures though
Damned new computer systems...
They don't even have the Divx codexes to play the downloaded porn on...
Time to line up the last shorts of MS at $14.00 Quick, before I get them all.
Priced in. Maybe buy some Jul or Aug puts if you feel the need to gamble a little.
Snooze. Wake me up when the dow is below 8k.....
"Assume crash positions."
Can I kiss my honey money goodbye first?
There has not been any "money" for at least 50 years. You may, of course, kiss your fiat goodbye.
Live to see another day MS. 1 notch; man oh man so lucky today.
Oh that is for BOA. 3 notch still on the table for MS then? Still say no more than 2.
I agree. 2
Damn. I was going in the direction of beer googles per a previous post. Now it's crash helmets. Man. I can't keep up anymore.
I'm thinking a crash helmet with beer holders and straws attached might be appropriate now.
FYCNBC
Hoping for some major Margin Stanley fallout. Hopefully it's not been priced in...... too much hoping, I think. The market likes to toy with my emotions.
Why would this mean anything in this artificial environment?
I won't be surprised at all to see the SPX gunned back up 30 handles tomorrow.
I think you mean before breakfast.
Rumors should be good for at least 60 handles straight up in the overnight session,easy money for "Da boys"...
Mark Zandi wrote it in the bottom of the Starbucks latte he brought in just for his friend Stevie Liesman.
So have the oxygen masks fallen out of the ceiling at MS? Or have they just unplugged the phones?
pods
"Oxygen" masks just muffle the screams. If I owned an airline I'd use NOX.
Quantitiave easing is workit. Is workit real good. When do they upgrade gold?
When only banks and govts and institutions are allowed to own it.
And when Jamie Dimon returns home for the evening, he will also cut 2 notches into his bedpost (he likes to keep track of how many times he screws his muppets).
Whaaaaat???
How could this be?
They all passed multiple stress tests.
New Federal rule. Downgrades are a sign of STRENGTH!!!
Right on, we're playing European rules now. Long on banks and sovereign bonds.
Headline on Bloomie earlier today: Moody's Said to Be Poised to Announce Bank Downgrades Today. From the article: Moody's Investor Service has told banks it may later today announce downgrades of the credit ratings of as many as 17 lenders and securities firms with global capital market operations, according to two people with knowledge of the plans. The announcement may come after the close of trading in New York today, said one of the people, who asked not to be identified because the information is private. "as policy we don't comment on the timing of potential future rating actions" Abbas Qasim a NY based spokesman for Moody's said in a phone interview.
Go Long Guns, Ammo and Gold. The GAG philosophy.
Oh, and copper. Got make the fermenting gear. Its # 4 on the priority list.
So did the margin call liquidations take place during today's trading hours, before the downgrades? Inquiring minds want to know...
Fock! Not the First Ottawa Bank of Igloos!
Damn, eh?
its the only place keeps my loony fresh.
Know your history. The first bank was Molson's bank.
Crash position is the position you prefer your dead body to be found in!
certainly not with my head between my legs. People might get the wrong idea.
Whoa...
Can you see the by-line on the obit?
Keeping with the bad news is good news mood, this seems like this could turn positive by 8am and turn into another face ripping rally.
Bad news = easing = good news.
Just pass a ammendment to the constitution that the dow isn't allowed to go down and all ecconomic trouble is over...
BLACK FRIDAY
There is just no way MS could survive on $10 billion margin call.
Bring out the file boxes.
And shredders.
Sure they can. Same way AIG did. With the gift of stolen money.
I guess rating agency's are going to get down graded next by the dictator of the US before the markets open tomarrow
no fn way they cut ms 3 notches. no way.
Time for the banks to take over their own ratings. Who knew - the biggest threat to the rating agency business model is that the debtors will do their own ratings.
4pm!?
But that's when Happy Hour begins!
Shorts have been experiencing it all day, YIPPY!
Luckely, over here, happy hour is only on a friday!
cool...they are going to upgrade 1 canadian bank
Hows that making up your own ratings going?
Anna Schwartz has passed on. God Bless.
http://www.bloomberg.com/news/2012-06-21/anna-schwartz-economist-milton-...
Further, by my back of the envelope calculations, when and if the dollar hits 90, paper gold will be worth $1 and ounce and you'll have to pay people to take silver off your hands.
Decline in the Morning tapering off to a midday rally...
CatClock.gif
Also interesting they are going with a Thursday dump unlike the S&P Friday dumps
summertime - fatboys taking 3 day weekend in montauk
just glad i have my silver beside me and food in the cupboard. when a bankrupt country borrows at twice the rate at which it lends money to another broke country, i really can say i have lost all faith in the ability of even everyday human beings to be rational and sane. bring on the end, im tired of waiting.
I've lost count... swap lines, QEx, 2Billion per day deficit, unfunded liabilities, the list goes on...
The world is totally and completely #ucked. If anyone things otherwise, then you are totally and completely #ucked. Ten years ago, derivatives didn't even exist... they now total $600,000,000,000,000 ($600 trillion).
I went to a Canadian bank today and as of August 1st, they reserve the right to take up to 4 days+, depending on your transaction, to provide you with your funds for cheques and "other instruments". Soros is right... the Euro ends within 3 months and we'll be seeing runs on the banks. While Canadian banks have always had the right to withhold funds for a period of time, the fact that they have this nice brochure tells me they are preparing for something. They know something is coming and that the cascade effect from Europe will hit North America like a tsunami.
We are witnessing the decline of what was once a great empire and the world as we know it.
After "Drop the Hammer" is "Cock the Hammer":
http://youtu.be/9Bn3BA3EPCo
?
It's a veiled suggestion that people may be violently upset at the pending downgrades.
..And it's a pretty darn good song!
http://api.ning.com/files/KDUrcZHQm1L6ERpwN5nP0JmBb*XjB2OB4l9zCbqwfQ0kxq...
Assume the position...
http://www.google.com/imgres?q=crash+position&hl=en&biw=1366&bih=598&gbv...
it's not a crash, just a little turbulance
http://www.youtube.com/watch?v=S7pXjQ16f5c&feature=player_embedded
THANK GOD!! My puts where killing me!
And I'm shorting the full deck of cards here! Life is good!
SP500 to ZH: mock me!
tick-tock
BLAME CANADA!
http://www.youtube.com/watch?v=vxPRHXgYVlk
Ponzi Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral
<--< so what?
<--< so fuking what?
we got risk0ff (act surprised among yerselves) and the goldilocksCrisisTM is part of timmah & cuckooChanel's plan which is being euro-summited to angela (and the german high courts) in its present form by marioECB while the new greek goobermint gives her a hot-foot
The more things stay the same, the more they don't change.
according to CNBS, RBC is the canuck bank on the list. wonder if i should just cash my paycheque instead of stashing it.
Baked in today's hammering?
zzzzzzzzzz.........
Not even close. We're just getting down to where we were before the QE hopium. Magin Stanley goes down, that will be an avalanch.
Let's see what happens tomorrow before we can all scream: "Halleluiah!" We all know how hard it is to kill the beast...
Option 1 - The banks ban rating agencies and decided to rate themselves.
Option 2 - Obama and Bernanke get on the phone with Moody's to have a friendly chat about how rating agencies are faring in Europe, Egan Jones is fairing in the US and the missing period after one of the sentences on their rating agency application forms.
Moody issues an upgrade call.
Its so simple to fix unpleasant situations.
Ratings cuts will be delayed until after the close of makets on Friday. Moody's, due to a breakdown in communications, was not able twit info to all of its wall street buddies.
Egyptian electoral commitees give quicker results than this... and probably more honest too.
Jamies dick got even shorter. Negative mm's
Moody's has already downgraded ING which directly affects ING Canada, with its mortgage lending practise:
http://www.winnipegfreepress.com/business/moodys-downgrades-ing-bank-of-canada-after-downgrading-parent-company-159238375.html
what a bunch of pussies, afraid to release
Wait a second, we can't report negative news... Quick Nomura put a $40 price on FB, oh that's more like it. What were we talking about? Aaaaah the pain is gone.
it will be 400pm somewhere when it happens
What time zone is the 4:00 advertisement? Mountain time is next. Eastern and central have gone by.
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
---------------------------------
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end ...understand how this type of plans are established...
Globex reopens in 53 minutes for the night, methinks we wait for "liquidity".
Couldn't MS just sell some of their Treasury inventory (~$60b) off in order to post out? Their pure "margined" securities only represents $141 of a $781 billion dollar balance sheet, anyway. They are not on the "hook" for much more than ABCP (paper). This is not AIG.
Obviously Moodys has been told to hold off on official releasing these downgrades until all Insiders have the chance to set up their trades.
MS should reallyl rally big time tomorrow, just think about how much FED bucks will be rolling in to their coffers.
"Banks"? Really?