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

Tyler Durden's picture

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Yamaha's picture

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

BlackholeDivestment's picture

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

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.

dwdollar's picture

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

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?

Shirley Wilfahrt's picture

It is when the Pigmen return from the islands.


cossack55's picture

Oktoberfest. Damn Germans. Ein grosse bier, bitte.

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.

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.

lolmao500's picture

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

IQ 145's picture

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

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.

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......

steven1's picture

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bob_dabolina's picture

This is chrisis management 101. 

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

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.......

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.

Central Wanker's picture

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

Lazlo Toth's picture

Looking for the Black Goose still....

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.

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.

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.

John Ford Kennedy's picture

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

LookingWithAmazement's picture

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