Multi-Trillion Bank Bailout Leads to Multi-Billion Bank Profit Bloomberg Finds

Tyler Durden's picture

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The Big Ching-aso's picture

 

 

I'm shocked.    Who could've thought that the obvious could fucking happen?

ZapBranigan's picture

"100% not prepared..."

Don't be like them.

TruthInSunshine's picture

Breaking News, bitchez:

 

11-28 1:45: WSJ writes: "Inner Workings of Market Readied for Euro Breakup"

 

*"Who could have possibly seen this coming?"

DrunkenPleb's picture

Oh, well... who is John Galt anyway?

Popo's picture

Truly amazing.  Who would have guessed that the world's most self-interested, sociopathic,  dishonest businesses would do something self-interested, sociopathic and dishonest?   

For our next act:  What are the chances that our useless, treasonous, duplicitous and incompetent regulators will do something useless, treasonous, duplicitous and incompetent?

 

TruthInSunshine's picture

Unregulated & not indicted?

John Corzine is special. He had the most savory Thanksgiving Day dinner with the fam, and then took his wife to Tiffany's for an apertif.

In most cases, when 600 million to 1.2 billion goes "missing," the person in charge of the place is - at bare minimum - detained and extensively interrogated.

But I'm sure that Corzine has an air tight alibi as to how he had no idea what was happening at MF Global nor where the client money is. /s

#CorzineBundlesLikeCrazy

Catflappo's picture

Oh come on, it's not like Corzine is a 'rogue trader'. 

Now, those guys (all 3 of them) really are the pits -  I mean, losing it in a series of poorly monitored and foolhardy trades is surely substantially worse than, um, ahem, stealing it.   Surely ?

 

 

Diogenes's picture

When $600 goes missing the law will lock up the theif. When $600 million goes missing the theif will lock up the law.

solgundy's picture

" change you can believe in "

Pegasus Muse's picture

Barry Soetoro.  O'bummer.  La BOMBA.  The Banksters.Own.My.Black.Ass guy taking orders in the Whitehouse.   

http://www.usavsus.info/US-BarrySoetoro.htm 

Belarusian Bull's picture

I think the chance is 100%. Am i right?

Pitchman's picture

Popo:  I think you got this thing pegged!

THE ROOT OF OUR SOCIAL, ECONOMIC, MILITARISTIC WOW'S IS AN EVIL, MONETARY SYSTEM.  EVERYTHING ELSE IS A SYMPTOM OR AN ACTION THAT SUPPORTS IT.  AT THE HEART OF THIS SYSTEM ARE THE CENTRAL BANKS; THE FED, THOSE WHO CONTROL IT AND THEIR DISHONEST, DEBT BASED MONETARY POLICIES.  AS SUCH; LAWS, THE CAPTURE OF GOVERNMENT AND THE SUSPENSION OF ACCOUNTING RULES IS FOR THEIR BENEFIT.  AN ACCOUNT OF THE PEOPLE HAS NO PLACE IN IT.  INDEED, IF THE PEOPLE WERE ITS PRIMARY CONCERN, THE WORLD WOULD BE MORE FREE, LESS VIOLENT AND MORE PROSPEROUS.

THE PRIVATELY HELD FED IS THE TOP REGULATOR OF ITS TBTF OWNERS AND MEMBER BANKS.   IT'S CREATION OF MONEY OUT OF THIN AIR; LOANED, AT INTEREST, TO THE SOVEREIGN AND ITS FRACTIONAL RESERVE SYSTEM IS THE MOST INSIDIOUS OF CRIMINAL PONZIS FOR WHICH ALL ITS FAUX REGULATIONS AND FINANCIAL MISALLOCATIONS FOLLOW. 

TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL.

END THE FED!

See:

Money Power And The Central Bank: Life Is But A MEME

END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC

 

”To the wicked, everything serves as pretext.” -Voltaire

Trillions of CDS with nothing to back it: Europe's Voluntary Haircuts?, CDS Market Sham & B of A: Less Than Zero

The Disappearance of Chivalry - George Santayana & Murder By Joystick

Everything Is Fine: Move On - There's Nothing Here For The 99%

MF Global is a fractal in a frying pan.

 

disabledvet's picture

it is possible to convert to Islam as well. Carried interest is against their God and punishable by death. it doesn't seem to have hurt their civilization in this epoch. to me though what is need is not to "end the Fed" by end the deceit. it is the mauling of the English language that shows "depraved indifference" to me. In short "i don't find this funny." of course i'm always told "don't you get it? THE JOKE'S ON YOU HAHHAHA!" For some reason that doesn't make me laugh. I hope i've given some of you few "in retaliation" as they say.

PonziBeaver's picture

Don't forget the corporate execs and directors who grant themselves options every year and sell 'em all to destroy shareholder value with the massive dilutions. They're just as sociopathic and corrupt as bankers. Corporate governance anyone? Can we do a bitch thread about that?

chubbar's picture

The next treasonous act possible comes today when the Senate votes on S1867 which will allow our military to arrest american citizens on U.S. soil without charging them and hold them indefinitely. Nice group of folks looking out for our interests, wouldn't you say?

Widowmaker's picture

All you piss boys complaining, do yourself a favor and kick a pinstripes ass. Shut the fuck up and make it personal.

TruthInSunshine's picture

 

 

The Bernank loaned 7.7 trillion to all those banks who were claiming that they were just fine...fine...trust them!

 

They actually borrowed 1.5 trillion in just one day from the U.S. taxpayers, involuntarily extracted, by The Bernank & Gang.

 

Bring back the guillotines, bitchez.

Unprepared's picture

Trillions in handouts >>> Billions in profits?

Comon Bankers, that's all you could do? A .01% ROB (Return-on-Bailout) must be the worst industry banchmark, Sell signal.

rocker's picture

Never forget, Neel Kashkari and Hank Paulson, both previous GS employees engineered the Bailouts under Bush.

By taxpayers bailing out the above U.S. Taxpayers gave Lloyd Blankfein his 100 million dollar bonus.

Had they not bailed out Goldman. Lloyd would not have gotten his fraudulent bonus.

Why does America uphold banker's contracts and void labor's contracts.  

Goldman Sachs controls and rules the U.S., the Fed and the World.

Widowmaker's picture

There is no such thing as "financial engineering" -- only fraud by another name.

But hey, whatever you want to call wealth redistribution upward (ONLY).

JungleJim's picture

ROT => Return On Theft

 

Lmo Mutton's picture

What could possibly go wrong.

SHEEPFUKKER's picture

PSSSSSSSST.  I have a secret.  I am going to F you in the A.   Pass it on.

Sincerely yours, 

Banksters

SilverIsKing's picture

Sorry to break the news...that ain't no secret.

(Whoever gave me the -1 rating apparently enjoys being F'd in the A.)

JohnG's picture

It's bankster bots and paid trolls junking most comments...

F them in the A, and wear them as badges of honor.

Seasmoke's picture

and i dont believed they chopped heads off right away either......it takes times for the reality of the abuse to set it.......we may be close to that point

Cdad's picture

Can we please just get busy nailing plywood over the doors of these crooked banks...already?  To all you fools with your money in these institutions, thanks for NOT HELPING!

As always, the Greater American Depression will roll on and on until such time as the criminal syndicate of banks in this nation is finally shut down.  There will be NO capital formation as a direct result of these banks still being at the helm of the US financial system.

Enjoy your food stamps...

TruthInSunshine's picture

Ahhh...you want to nail plywood over the windows to prevent the banksters from escaping before the ruckus begins.

Clever.

May I suggest iron bars?

Tom Green Swedish's picture

Socialist. Unfair. Unamerican. Anti-Competitve. Crony-Capitalism

SHEEPFUKKER's picture

American is the new Un-American my friend. 

stirners_ghost's picture

Keep thinking in nationalistic and collective terms--it has served the sheep well so far.

swmnguy's picture

What's Socialist about it?  The merger of State and Corporate power is textbook Fascist, not Socialist.

stirners_ghost's picture

To each [banker] according to his need.

Divine Wind's picture

My damn Comerica banker lied to me. Told me straight to my face their bank took nothing in the form of bailouts.

 

SillySalesmanQuestion's picture

The Banksters need to be liquidated...gold and guns bitchez.

/

The Big Ching-aso's picture

 

Ya know for a second I thought fer sure you linked the Rod Steiger scene in Mars Attacks.     One of my faves.

http://www.youtube.com/watch?v=3dG7ZFhZzKM

Alienated Serf's picture

So disgusting.  If this is in bloomberg, it has a decent shot to hit the msm.  I wonder what excuses they will make for the fed. 

TruthInSunshine's picture

Ali Veshi or whatever his name is on CNN will take The Bernank's word as being of integrity, and he'll parrot the words "Bernanke was worried that disclosing how much banks were taking, and identifying the banks taking the trillions, would mark them as targets for mean, bad short sellers."

cnBSc will be even more HopiumUnicornsRainbows from their assholes, claiming The Bernankio made it rain Bernankbux.

cnBSc Breaking News:  The Bernank is gonna make it rain.

NumberNone's picture

Fucking Fed.  We've got $7 Trillion of taxpayer future taxes sitting around to give to banks loans at .01% interest so that they can turn around and make loans to our governments and businesses at 5%+.  Our own money being used against us.  God forbid the fucking loan sharks not get their cut.