Quotes Of The Week... And Friday Humor
For our quote of the week, we go to the man who almost brutally cut the meal between breakfast and brunch (it was formerly supposed to be German demand #39 for Greece, but was mysteriously cut in the final draft) in the name of fiscal austerity and setting a shining example of calorific sacrifice. We repeat almost. Quote Busineweek: "No one pays attention to the activation of the CDS." Venizelos told lawmakers in comments broadcast live on state-run Vouli TV........ :0
But wait there is more.
As our bonus quote of the week, we go to the man who, speaking of eating, just slurped right back up the very same toxic vomit that blew up the prior iteration of his company, after the NYT earlier announced that AIG has now repurchased $2 billion of the same bonds (read Maiden Lane II) that blew up not only it but the entire financial system, from the same Fed that bailed it out by force buying these bonds from AIG in the first place. The same bailed out AIG which yesterday disclosed it will never pay taxes to the US Treasury ever again. Couretesy of Fox Business: "American International Group CEO Robert Benmosche spoke with FOX Business Network’s (FBN) Neil Cavuto about the government bailout of AIG in 2008 and the health of the company today after releasing their fourth quarter earnings. When asked if the government would bail out banks as they did during the financial crisis today, Benmosche said “I don’t think we would.” He went on to say “the financial system today is sounder than ever before.”
Poor George Santayana is spinning at 852 quadrillion RPM in his grave.
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smell my finger
twat are you talking about
Taint.
Fed's Dudley says Fed has not engaged in any fiscal actions, and Fed policy has been about the economy and financial stabilityLULZZZZZZZZZZZZ!
(Does that include Zeee Price Stabiliteeeee?)
Anybody care to define "fiscal actions" in such a way that this statement holds true?
fiscal actions = hanky panky at the banky (trust us)
Check out the latest from the Capital Research Institute, "Time to Break Up the Media Monopoly"
http://www.capitalresearchinstitute.org
"As everyone knows by now, the US election cycle is in full swing. Concerned about the economy? The welfare of the nation? What kind of country your grandkids will grow up in? If you listen to the mainstream media (msm) then you 'know' the answer is to choose a political party, stick with them, and everything will work out fine... The problem is, this couldn't be further from the truth. The political parties no longer serve the people..."
They do not deserve the dignity and mercy of the guillotine.
I don't care how you do 'em just don't give them any last words, they'll rehypothecate the executioners hood..
"No one pays attention to the activation of the CDS," He repeated over and over before stating "They pointed the gun right here! I shit you not! Right here!....So I repeat..."NO ONE pays pay attention to the activation of the CDS."
yes, sure there was a time when political parties served the people, but i forgot what year that was, the only working political system is that Ants developed.
define "fiscal actions" in such a way that this statement holds true
ok.
anything good for the american public at large
easy.
monetary policy is not fiscal policy.
watch the birdie not my lips
Anybody have a link on the AIG buying back Maiden Lane assets news ?
Venizelos is, in part, right: at 3-3.5b net, the CDS market for Greece is relatively insignificant. It is only really the subsequent disturbance in the OTC derivative market that would be the danger if rating agencies issued a default notice on the bonds.
How US Banks Are Lying About Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A Whimper
Assuming they play by the rules, which is a terrible assumption. The banks have had plenty of time to offload risk and shit to the taxpayers. Bookies have layed off risk for years. Warren's reinsurance business, too. I think Slaughterer and fatass are probably right. US banks have much bigger problems, now, and so do European banks, starting with the breaking tsunami of interest rate risk set to hit the global coast.
Has the derivitives market hit the $quadrillion target yet?
Does it matter?
How many angels can dance on the head of a pin?
How many unicorns does it take to shit out a ton of skittles per day?
Sehr wahrscheinlich ... Afterburner kicked, there were 707 Trillions in July ...
( At least 250 Bn. more right now ).
Doesthis have to do with anything? http://www.veteranstoday.com/2012/02/21/intel-exclusive-trillion-dollar-terror-exposed/
House of Lords Speach from February 20, 2012.
Bush, Fed, Europe Banks in $15 Trillion Fraud, All DocumentedQuestion: If the face value of Greek bonds is cut by 70%, which does not trigger a "credit event" leaving the CDS intact, then does the face value of the CDS also get cut?
Seems to me that a "voluntary" reduction in value would be justification for the CDS to also be reduced.
dont know, as i havent been paying attention
tyler... time to revisit this story and address felix salmons reponse on reuters.here is also an article in the new lyork times that seems to point out some professor saying its just potatoes and dismissing the notion.
Net is irrelevant when the counterparty can't pay.
Agreed. Let's I have 5 girlfriend but if sleeping with any one (net of 5) of them results in breaking up with the other four and then kicked in the nuts by the 5th do you really have 5 girlfriends or the tough choice of which one you want to kick you in the nuts?
If you learn anything from ZH it should be that " when a default occurs GROSS BECOMES NET"
Don't pay attention to the CDS market, because if that gets triggered there will not be any chance of a Domino effect because the banks know what they are doing and are so well capitalized. Also I will not blow my load in your mouth, trust me.
"No one that matters pays attention to the activation of the CDS."
Fixed.
The bankster overlords can just ignore reality apparently.
The Fraud is strong with the Banksters...
Again, ZH proves to be amazing. What about the fake bonds in zurich? All news are so strange that I start to believe all 2012 conspiracy bullshit anyone just invents.
Convictions create convicts -- what is reality?
"I'm going to fuck myself in the head: Long live the new flesh!"
is he giving me the M.I.A secret superbowl hand signal?
Though unlike M.I.A., he has nary a single fuck to give.
middle sausage
Sausage is good, mmm, mmm good
That finger is saying, "Operation Mindfsck is continuing..."
All Ron Paul Highlught from Arizona Debate on CNN
http://djia.tv/ron-paul/all-ron-paul-highlights-cnn-republican-debate-ar...
Bad Lip Reading of Ron Paul - "Free bananas" - http://www.youtube.com/watch?v=WvahywQKeFc&ob=av3e
Since it is Friday humor and all.
Thank you, made me laugh.
easy easy money for nothin
easy easy chicks for free
sounder then ever....we're doomed
"Heck w/ those measly 7 course dinners!.......Point me to the Buffet!!!!!"
How did you get voted up 100 times already?!? I demand a recount bitchez
Look closer.
"No one pays attention to the activation of the CDS."
How do you even say that with a straight face?
"Pay no attention to the CDS activations behind the curtain!"
These are not the CDS activations you are looking for. You may move on now.
He doesn't know what "CDS" is.
CDS or CVS? Golly, now I'm all confused...
CDS? CVS? This is the economy on drugs. Really really bad drugs.
Well that would be the best sign I've heard...
Somebody actually got him say something about the issue everyone is trying to bury under the rug.
Its a start....
I do enjoy the fact that he is giving the finger.
Something bad is going down very soon.
.
I hope it's leading to some weird sex fantasies is about all I can say.
Awww, you changed it...
Like the landlady in King Pin type of bad going down, or worse?
We are all about to be "Munson-ed"!
Best case is it'll be a quicky. It's the afterwards I'm worried about...
http://www.youtube.com/watch?v=IlxzzqxuF8g&feature=related
but Dexia is already down..
"the financial system today is sounder than ever before."
great, lets all increase interest rates and return all the borrowed money from ECB.
"Sounder" = Sounds associated with dying.
He is much more cuter than Zoolander...
He needs Merkel to squeeze in the other end of the boat so it doesn't capsize, literally and figuratively!
Zis iz waar rode pil
vrede
i agree
I'm on to you. You Photoshopped this, didn't you? Venizelos looks less ugly here.
And he just slipped and fell into that fat suit.
Actually the boat he's sitting in is the "Greek Economy" and it has a few leaks.
His job is to keep the buyers focused on the bow and not the stern...
Oh. My. God.
Ben Moshe directing company from somewhere in Croatia, ha, ha he knows what he's talking about. And that fat guy from Greece should go on austerity drive himself, maybe only potatoes peels only for few months before showing up in public.
Hugh Hendry:
http://online.barrons.com/article/SB50001424052748703786004577221590093305080.html?mod=BOL_twm_fs#articleTabs_article%3D1
Good article, thanks.
I especially liked this:
"As for Greece, the end game will be the Greeks rejecting austerity. The euro is nothing but a gold standard lacking flexibility, and all the onus is on private citizens to take the pain. Eventually, a Greek politician will say, 'Vote for me, and I'll get us out of this system.'"
Time for Hugh Hendry again methinks.
'I would recommend you panic'
http://www.youtube.com/watch?v=nuysYXlJ43I
DavidC
“the financial system today is sounder than ever before.”
Troll.
death star is located at the end of the black ass hole...
"And 'den 'dey fuck ya...in 'da brain!"
Is our tubby, swarthy friend so far from the mark when discussing butt-nekkid CDS?
Since this is the humor thread, I find this funny: http://www.zerohedge.com/users/robottrader
gotta love it..
Don't mess with me. I'm already fucked-up here.
nothing worse than a stupid bankstagotta get it off while he pulls his wanksta can't come close he's takin' all the money look out Merkel baby, he's a comin' for ya' honey
“the financial system today is sounder than ever before.”
Venizelos Abs a as solid as a bowl of tomato soup
Sounder, a form of sounding:
Sounding or urethral sounding is the medical use of probes called sounds to increase the inner diameter of the urethra and to locate obstructions in it. Sounds are also used to stretch the urethra in order to receive piercing.
Or see:
Cock-stuffing, or "sounding" as it is called in the S&M community, involves inserting smooth, long, and thin surgical steel rods called "sounds" (hence the name "sounding") into a man's urethra. The two most commonly used "sounds" are the Van Buren, which has a J-shaped curve on the end, and the Dittle, which is straight. Other objects, such as thermometers, may do the trick, but metal sounds are recommended because they are easier to clean and have no chance of breaking when in use. While a glass thermometer may be readily available, the risk of breaking (and leaking harmful mercury) makes this a risky option.
Debt filled blintzes, doughnuts, and éclairs; but the sovereigns and markets eating them are "healthier than ever".
Note to self: cigarettes, whiskey, and bacon.
"...mmm...doughnuts..."
[homerSimpson]
Man that guy could at least skip second-breakfast. Or elevensies.
pods