Not Quite 3 For 3 As BNP Outlines Rapid Deleveraging While Moodys Maintains Review

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Wed, 09/14/2011 - 01:44 | 1666634 Yamaha
Yamaha's picture

20 black swan eggs now hatching...........

Wed, 09/14/2011 - 01:50 | 1666651 BlackholeDivestment
BlackholeDivestment's picture

Yamaha, lol, that was funny, and it ain't even Christmas ...five golden rings, lol

Wed, 09/14/2011 - 07:06 | 1667753 malikai
malikai's picture

Tyler: I'm seeing margin cuts across the board on Barclays CFD/FST, CMC, and it looks like IB may be doing the same. Two days ago BBC ran a story about how the UK government is proposing a split of all the banks similar to what was posted here ages ago. The key difference was that the retail banking side of the businesses would be bailout(able) while the investment sides would not.

My question is this: Are these margin cuts in any way related to holding on to liquidity in their investment businesses? The cuts look pretty big and as we know, Barc and others are heavily exposed to the PIIGS.

Wed, 09/14/2011 - 01:52 | 1666657 dwdollar
dwdollar's picture

Fly little swans fly!  Fly to your home in New York City.

Wed, 09/14/2011 - 02:27 | 1666752 Spirit Of Truth
Spirit Of Truth's picture

Why is it black swans seem to fly to their destinations in September/October?

Note that the 2008 financial crisis kicked off with the Lehman bankruptcy which occurred with the Hunter full moon on September 15th that year:

The Hunter full moon this year occurred the day before yesterday.

Notably the 2008 crisis didn't take full form until we entered the "black" month of October.  

Is this pattern repeating this year?

Wed, 09/14/2011 - 03:39 | 1667052 Shirley Wilfahrt
Shirley Wilfahrt's picture

It is when the Pigmen return from the islands.


Wed, 09/14/2011 - 04:58 | 1667459 spiral_eyes
spiral_eyes's picture

I love Septembers.

Buy when there is blood on the streets, bitchez 

Wed, 09/14/2011 - 04:09 | 1667206 cossack55
cossack55's picture

Oktoberfest. Damn Germans. Ein grosse bier, bitte.

Wed, 09/14/2011 - 02:02 | 1666674 IQ 145
IQ 145's picture

Tyler is making me nervous; if he'd just stop reporting all this stuff maybe we could pretend everything was alright.

Wed, 09/14/2011 - 02:10 | 1666694 myne
myne's picture

All hail Cygnus Atratus!

Funnily enough, I googled to confirm I spelt it correctly and apparently there's a trading firm by that name.

Wed, 09/14/2011 - 01:46 | 1666639 lolmao500
lolmao500's picture

And what about downgrading Swiss banks, which are as much if not more exposed?

Wed, 09/14/2011 - 02:11 | 1666697 IQ 145
IQ 145's picture

Sir; certainly you jest, something must be sacred in this most profane of worlds.

Wed, 09/14/2011 - 02:49 | 1666776 PY-129-20
PY-129-20's picture

They're protected by German FLAK right now. But by nightfall, there will be hundreds and thousands of Black swans in the sky. It will be Götterdämmerung, my friends.

Wed, 09/14/2011 - 01:51 | 1666656 Yamaha
Yamaha's picture

I know what to do - let's put some rules in place to stop shorting. That will make everything better. Moody's will upgrade......

Wed, 09/14/2011 - 02:03 | 1666675 steven1
steven1's picture

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Wed, 09/14/2011 - 02:06 | 1666679 bob_dabolina
bob_dabolina's picture

This is chrisis management 101. 

This is where they want us to look. The core euro countries are in trouble. 

Wed, 09/14/2011 - 02:07 | 1666683 Yamaha
Yamaha's picture

Jobs? Fox News just reported that Obama suffers from low T. No shit? That explains everything - now we can create jobs with Viagra! He should call B Bonds for help.......

Wed, 09/14/2011 - 02:07 | 1666684 IQ 145
IQ 145's picture

Tyler don't joke around about BNP ! BNP is serious. I can hardly believe this shit. What Peter Schiff and I and other people thought is coming true; but it's making me nervous. BNP better not have any "real" problem; if it does, everything could get really smelly and sticky really fast.

Wed, 09/14/2011 - 02:48 | 1666786 Central Wanker
Central Wanker's picture

You may (not) want to read Reggie's recent post about BNP. It is serious.

Wed, 09/14/2011 - 03:05 | 1666840 Lazlo Toth
Lazlo Toth's picture

Looking for the Black Goose still....

Wed, 09/14/2011 - 03:10 | 1666881 Cheyenne
Cheyenne's picture

I'm sick of reading about bankers, especially foreign ones. It makes me want to deliver a uniquely American message about who these faceless pussies think they're dealing with. Here's a hint:

"Yo. The motherfuckin' Devil's son-in-law."

R.I.P., Eazy E.

Wed, 09/14/2011 - 04:33 | 1667298 PY-129-20
PY-129-20's picture

Yes, yes. I know what you are saying. I would love to deliver a uniquely German message to the ECB building in Frankfurt: a Panther Panzer.

Wed, 09/14/2011 - 04:18 | 1667242 Hephasteus
Hephasteus's picture

So from this. i gather that BNP is the most fucked since it's at the explain this shit phase.

Let's see what the news has to say.

Wed, 09/14/2011 - 05:19 | 1667566 John Ford Kennedy
John Ford Kennedy's picture

"Moody's regards France as a high support country"......What a real joke.

Wed, 09/14/2011 - 07:24 | 1667770 LookingWithAmazement
LookingWithAmazement's picture

Moody's downgrades French banks. Stocks rise. No Armageddon.

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