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Second Bank Scrambles To Defend Morgan Stanley Against Vicious "Blogger Attack"

Tyler Durden's picture


Earlier today some blog pulled up some factual data that suggested that Morgan Stanley had $39 billion in total exposure against French banks at the end of 2010, up $30 billion from the year prior, and enough to wipe out its entire market cap and then some should French banks be pulled under. Sure enough, the stock tanked even though as CNBC pointed out "there was absolutely no news." Since then, first Credit Suisse defended Morgan Stanley for its "European exposure" (we wonder how long before Morgan Stanley returns the favor and has to defend Credit Suisse for its US exposure: judging by Credit Suisse's maximum outlier 3M USD Libor rate, not too long). And now it is bank #2's turn, in this case Alliance Bernstein, whose conclusion is that "we estimate that total risk to France and its banks is less than $2 billion net of collateral and hedges." Ah yes, collateral and hedges, which, lest we recall incorrectly, did miracles when Lehman blew up and the very fabric of net hedging offset was threatened when the viability of the initiator in the "gross" CDS chain was put into question (thank you AIG). Naturally, if and when the 3 Big French banks go down, everyone will be perfectly normal and have no problem netting of hedges. Naturally. As for the coup de grace in the AB report, it is this piece of rhetorical brilliance: "Over the last six months, there have been 5,600+ articles published by the press on the subject of "French Banks" and "Credit Risk". We believe Morgan Stanley's risk management staff and its trading units are fully aware of the highly publicized risks emanating from Europe and warnings about the firm's potential exposure to a European Sovereign crisis." And there you have it: just because everyone is aware the bank is doomed, means the bank is ok. See, this is nothing like the logic that comedy entertainment icons such as Cramer and Dick Bove used to endorse Bear and Lehman days before both imploded. Then again, the downside for AB to actually tell the truth is substantially higher (as in contagion which takes down the entire banking system, AB included), than the upside from, well, prevaricating. As for abovementioned blog, we are just waiting for the third bank to come to Morgan Stanley's defense to know it was 100% correct.



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Thu, 09/22/2011 - 21:14 | 1699528 nope-1004
nope-1004's picture

So if it's just a rumor, why did they need to dispell it?

Hilarious!  Keep it up Tyler.  Banks = fraud.  Fraud is a criminal offence.  Banksters need to go to jail.


Thu, 09/22/2011 - 21:56 | 1699659 oobrien
oobrien's picture

Do you want to know why we're going into a deflationary depression.

Every bank in the fucking world is insolvent--sitting on a pile of shit.

You couldn't run the global printing presses fast enough to deal with that mountain of debt.

Big collapse on the way.


Thu, 09/22/2011 - 22:03 | 1699679 espirit
espirit's picture

Sell the rumor, short the news.

That ought to be a game changer.

Thu, 09/22/2011 - 22:33 | 1699745 HoofHearted
HoofHearted's picture

Damn bloggers. Of course I decided to let MS join my stable of shorts because of that blogger. It joined BAC and JPM, which are making me 20% and 10%, respectively. OH yeah, that long FAZ is doing ok too. Damn bloggers are the whole cause of it.

Thu, 09/22/2011 - 23:37 | 1699882 Thomas
Thomas's picture

More santorum coming out of Zero Hedge. Move along.

Thu, 09/22/2011 - 22:27 | 1699733 xtop23
xtop23's picture

 Sure they can. Give Benny a gram of China White and a coffee pot full of rocket fuel and hell tap 0's faster than a squid trader can plead the 5th.

Thu, 09/22/2011 - 22:33 | 1699743 indygo55
indygo55's picture

That is really funny! Nice one.


Thu, 09/22/2011 - 23:13 | 1699828 traderjoe
traderjoe's picture

All fiat currency collapses have ended in hyper-inflation. Even then some things will deflate and others inflate. Staples and needs will hyper-inflate and discretionary will deflate. You won't be able to buy a bushel of grain with fiat but the spare TV won't be worth $5.

Fri, 09/23/2011 - 02:04 | 1700100 TeresaE
TeresaE's picture

+100 traderjoe

Throw in the value of the USD to Yuan after hyperinflation really sets in.

Realize Motts Apple Juice, ALL Walmart branded canned goods, Kraft Mac 'n Cheese and Gerber baby food is made out of the country, not to mention insulin, aspirin and bandages.

Ugly.  Everything we need will be out of reach, our labor (unless in unions/government, and those won't keep up forever) discounted.

99% of Americans, even here, refuse to see what truths our future holds.


Fri, 09/23/2011 - 03:22 | 1700175 TheMerryPrankster
TheMerryPrankster's picture

Poverty, it seems remains as america's last and final growth industry. To the moon alice. Infinite growth.

We pledge allegiance to America

and to the 700 cable channels of which it spans

one nation under ben


with poverty and delusions for all.


Fri, 09/23/2011 - 03:28 | 1700179 Whalley World
Whalley World's picture

Ladies and Gents, can we all say it together, Quadrillion?

Thu, 09/22/2011 - 21:56 | 1699661 Reese Bobby
Reese Bobby's picture

Cool link.  Zero Hedge not real reporters like Steve Liesman!  Classic.  But stop screwing with the Canadian banks Tyler...seriously.

-Jim Flaherty,  (gasparino tough)

Thu, 09/22/2011 - 22:35 | 1699747 anonnn
anonnn's picture

As for Alliance Bernstein...I just recalled how I knew that name...

AB screwed over at least 1 IBEW* Local's investd pension funds, abt 4 years ago. The Local took the hit and eliminated the option to place funds into AB. Good riddance. IMO, personal experience, they scammed the Union workers' savings.

*Int'l Brotherhood Electrical Workers

Thu, 09/22/2011 - 23:24 | 1699853 LongBalls
LongBalls's picture

Tyler is a bad motha'!! Damn I just love the truth for some reason.

Thu, 09/22/2011 - 23:54 | 1699910 Cliff Claven Cheers
Cliff Claven Cheers's picture

Finally we don't have to look at your nuts any longer. Thank you.

Fri, 09/23/2011 - 00:00 | 1699921 caerus
caerus's picture

it had to be said

Fri, 09/23/2011 - 02:30 | 1700135 slewie the pi-rat
slewie the pi-rat's picture

those weren't labia?

i must need fuking trifocals and i'm thoroughly disgusted w/ myself.  again!

gotta love carnac, tho!  L0L!!!


Fri, 09/23/2011 - 09:52 | 1700872 fuu
fuu's picture

Now if we could just get LongBallsShortBrains to get over it we would be set.

Fri, 09/23/2011 - 00:29 | 1699972 equity_momo
equity_momo's picture

It's not true until there's been an official denial.
That's morgan Stanley fucked then,


Fri, 09/23/2011 - 01:48 | 1700073 mac768
mac768's picture

AllianceBernstein LP (NYSE: AB) is a US-based, global asset management firm, owned by the French insurance conglomerate, AXA

one culprit pats the others back

but someone has a monkey on his back

we learn that with AXA and its highly leveraged PE Business, there is another short candidate for the impending implosion

Thu, 09/22/2011 - 21:22 | 1699554 wardawg12
wardawg12's picture


Thu, 09/22/2011 - 21:26 | 1699564 espirit
espirit's picture

New ad for Brownells Ammunition on ZH?

Must be cap a bankster day.

Thu, 09/22/2011 - 21:45 | 1699614 Hive Raid
Hive Raid's picture

I just can't figure out why all these legit websites are hosting ads for peruvian albino porn. It must be getting popular... with people not including myself.


Thu, 09/22/2011 - 21:47 | 1699632 SeventhCereal
SeventhCereal's picture

nah its just google tracking your usage.  :-)

Thu, 09/22/2011 - 22:06 | 1699686 Hive Raid
Hive Raid's picture

The horrors!

Now I'll never be president!

Thu, 09/22/2011 - 22:24 | 1699730 Iam_Silverman
Iam_Silverman's picture

"peruvian albino porn."

"Now I'll never be president!"

Careful there - you may have just outed yourself as an SEC troll!

Thu, 09/22/2011 - 22:37 | 1699753 JW n FL
JW n FL's picture

That was some funny shit!

hurry shred the internet history!

Thu, 09/22/2011 - 23:17 | 1699811 Village Idiot
Village Idiot's picture

You crazy fuck...

Thu, 09/22/2011 - 23:24 | 1699854 JW n FL
JW n FL's picture

EU Banks Infected

Uploaded by on Sep 22, 2011

Fears about another global financial meltdown, continue to grow. Stocks plummeted today, with the Dow Industrial Average at one point falling as much as 527 points. In Europe, Standard & Poor's downgraded the ratings of seven Italian banks and headlines were running wild, about French banks looking for cash in the Mideast, although BNP's CEO denied those claims. This week finance ministers from the BRICS nations are meeting here in Washington at the IMF. But how much good could they really do? Economic Analyst, Gonzalo Lira weighs in.

Thu, 09/22/2011 - 21:48 | 1699637 espirit
espirit's picture

ZH getting lots of hits, more people getting away from the MSM pump & dump.

Thu, 09/22/2011 - 21:56 | 1699660 Arkadaba
Arkadaba's picture

Sorry dude, New online advertising - ads are personalized for you! Combination of tracking your online sites, contextual advertising and past purchases. 

Thu, 09/22/2011 - 22:09 | 1699697 caerus
caerus's picture

apparently i'm into silver and russian brides

Thu, 09/22/2011 - 23:02 | 1699803 seek
seek's picture

In soviet Russia, brides are into silver! (Couldn't resist ressurecting an old meme.)


I use adblock and donate $50 to ZH every few months.

Fri, 09/23/2011 - 01:47 | 1700070 Crisismode
Crisismode's picture

ADblock is a wonderful tool.

Fri, 09/23/2011 - 02:02 | 1700095 geekgrrl
geekgrrl's picture

I do the same. I find advertising so nauseating that if I couldn't filter out the ads, I'd have to stop using the internet. I am a very frugal person, but ZH is so worth the money. I don't support the advertising business model, but I do support ZH with direct contributions. I'll just add that I think the ZH advertising business model is more sensible (if the goal is reach a large number of people) than subscription services will ever be. Yes, there will be some fraction of people who will get the benefits of TD's work for free, but financial truth is a growth industry. Volume will overcome reductions in marginal returns. And then there are people like you and me who will just donate from time to time. All I can say is: long live ZH. And thank you Tyler(s) for all the work you do.

Thu, 09/22/2011 - 22:09 | 1699699 espirit
espirit's picture

Was wondering why ZH would advertise Peruvian Albino Whizzers for sale.

Hey, this could be fun!

Thu, 09/22/2011 - 22:16 | 1699713 Arkadaba
Arkadaba's picture

It can be!

Thu, 09/22/2011 - 22:24 | 1699729 Arkadaba
Arkadaba's picture

Because of geo-location I get lots of ads for miners and Canadian Banks when visiting this site (others never mind)

Thu, 09/22/2011 - 21:50 | 1699644 Cursive
Cursive's picture


Google adsense uses your browsing history to determine which ads are posted on your screen.

Thu, 09/22/2011 - 22:00 | 1699671 Arkadaba
Arkadaba's picture

Not just Adsense - most companies dropping a little codelet on your browser. 

Strike through is still not working!

Thu, 09/22/2011 - 22:05 | 1699685 espirit
espirit's picture

Time for a dump then.

Thu, 09/22/2011 - 22:15 | 1699710 espirit
espirit's picture

Geez, now all I see is Cramers face advertising financial porn.

I give, make it stop please!

Thu, 09/22/2011 - 23:57 | 1699919 Cliff Claven Cheers
Cliff Claven Cheers's picture

You can block all the adds that way, but how do the Tylers make a living?

Fri, 09/23/2011 - 00:21 | 1699960 AustriAnnie
AustriAnnie's picture

Exactly, I get ads for PM co's, travel related sites, and DSW.  I click often to support ZH and my addictions at the same time! 

Fri, 09/23/2011 - 02:13 | 1700115 geekgrrl
geekgrrl's picture

When the peeps realize that ZH is a very valuable service and find the donate link at the top of the page?

Thu, 09/22/2011 - 22:46 | 1699770 espirit
espirit's picture

Whoa, that's better.  Now all I am getting is ads for Ukrainian Albino Pygmy Hookers w/ammo.

Thu, 09/22/2011 - 22:23 | 1699726 Chicken_Little
Chicken_Little's picture

If you are getting porn ads then you've been doing research at the same sites as the SEC investigators are using.

Thu, 09/22/2011 - 22:30 | 1699740 rosiescenario
rosiescenario's picture

....that would be "barely legal, transexual, dwarf porn creampie sites with bestiality" I assume....

Fri, 09/23/2011 - 01:50 | 1700077 Things that go bump
Things that go bump's picture

Why do you think they call him Chicken Little?

Fri, 09/23/2011 - 02:36 | 1700142 slewie the pi-rat
slewie the pi-rat's picture

why doya think they call her rosiescenario?

Fri, 09/23/2011 - 03:26 | 1700177 TheMerryPrankster
TheMerryPrankster's picture

Because she comes when you call her name?

Thu, 09/22/2011 - 22:27 | 1699735 rosiescenario
rosiescenario's picture

Well, at least you have to give Brownell's management credit for figuring out the right audience for their ads....but where are Midway, Natchez, Cabella's and Cheaper than Dirt?Must be out of touch with reality.


Tyler...get your ad sales person on those other names immediately....just say that Brownell's is a customer....


,,,and on a final note to all the silver bugs, my ammo stash performed better today than gold or silver....

Thu, 09/22/2011 - 21:40 | 1699605 BoNeSxxx
BoNeSxxx's picture

"First they ignore you, blah, blah, blah, then they attack you..."

"Methinks thou doth protest too much..."

Etc., etc., etc.,.

Keep it up Tyler(s)

Thu, 09/22/2011 - 22:36 | 1699749 max2205
max2205's picture

DICK bove.......whaaaaaaaat!!

Fri, 09/23/2011 - 00:17 | 1699952 Frog-And-Toad
Frog-And-Toad's picture

Thank you for posting that clip. It brought a huge smile to my face!


Tyler stated it best:


"Zero Hedge is not about personalities, goatees or glasses - it is about ideas, facts and opinions. People come to Zero Hedge not because of my chiseled washboard abs, but because they appreciate my insight into things financial and economic. My personality is not relevant when discussing critical concepts. Who knows - maybe I do not care for being recognized while having dinner at Campagnola."

Fri, 09/23/2011 - 03:04 | 1700164 slewie the pi-rat
slewie the pi-rat's picture
the zero hedge manifesto

from tomreagan's link (wld you believe no caps?  L0L!!!):

our mission:

  • to widen the scope of financial, economic and political information available to the professional investing public.
  • to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
  • to liberate oppressed knowledge.
  • to provide analysis uninhibited by political constraint.
  • to facilitate information's unending quest for freedom.

our method: pseudonymous speech...

anonymity is a shield from the tyranny of the majority. it thus exemplifies the purpose behind the bill of rights, and of the first amendment in particular: to protect unpopular individuals from retaliation-- and their ideas from suppression-- at the hand of an intolerant society.

   ...responsibly used.

the right to remain anonymous may be abused when it shields fraudulent conduct. but political speech by its nature will sometimes have unpalatable consequences, and, in general, our society accords greater weight to the value of free speech than to the dangers of its misuse.

- mcintyre v. ohio elections commission 514 u.s. 334 (1995) justice stevens writing for the majority

though often maligned (typically by those frustrated by an inability to engage in ad hominem attacks) anonymous speech has a long and storied history in the united states. used by the likes of mark twain (aka samuel langhorne clemens) to criticize common ignorance, and perhaps most famously by alexander hamilton, james madison and john jay (aka publius) to write the federalist papers, we think ourselves in good company in using one or another nom de plume. particularly in light of an emerging trend against vocalizing public dissent in the united states, we believe in the critical importance of anonymity and its role in dissident speech. like the economist magazine, we also believe that keeping authorship anonymous moves the focus of discussion to the content of speech and away from the speaker- as it should be. we believe not only that you should be comfortable with anonymous speech in such an environment, but that you should be suspicious of any speech that isn't.  (end paste)

read that last phrase again, and help me "suspect" the adbots and perpetually self-adveriZing shitforbrained trolls!   please junk them like you're NATO fighter jets killing, er..., protecting innocent civilians in libya! 

and thxz, tomreagan, whoever you are!  L0L!!!

Thu, 09/22/2011 - 21:06 | 1699500 Edward Fiatski
Edward Fiatski's picture

Top is in. Enjoy Monday's open. LOL


Thu, 09/22/2011 - 21:31 | 1699574 wang (not verified)
wang's picture

you seem to have some special time warp dynamic on your side so if it's not breaking any laws here or on Alpha Centauri, perhaps you would be kind enough to share with your fellow ZHer the specifics of the closing numbers on Friday.

Thu, 09/22/2011 - 21:52 | 1699645 Edward Fiatski
Edward Fiatski's picture

If you were my fellow ZHer, you would know the closing imbalanced on the buy side, which are a certainty today. I bet you will be one of the 90% of entities, who BTFB, a decision devoid of any reality.

Thu, 09/22/2011 - 22:09 | 1699677 wang (not verified)
wang's picture

the real question is; what day is today?

six to one eddy...  go for it


(Sincere apologies if you are in Japan)

Thu, 09/22/2011 - 22:29 | 1699739 tekhneek
tekhneek's picture

Prettty sure the market crashed several times in August without alot of help from the fed.

"BTFD" is a very, very good strategy... better than "BTFB" (buying the fucking bubble.) All that matters is what you're buying.

Thu, 09/22/2011 - 21:06 | 1699505's picture

The GOP debate is starting, do we get a thread?



Ron Paul Explorer: The All Paul Search Engine

Thu, 09/22/2011 - 21:20 | 1699544 Yen Cross
Yen Cross's picture  right corner of the page. You may already have another link.

Thu, 09/22/2011 - 21:22 | 1699551 caerus
caerus's picture

ron paul just got a 10th amendment question...right in his wheelhouse...audience seems pretty enthusiastic about his answer

Thu, 09/22/2011 - 21:28 | 1699569's picture

His concise answer was too short -- Wallace had to tell him he had more time to use. Ron is so used to getting shut out that he gets to the point real quick.

Thu, 09/22/2011 - 21:40 | 1699606 caerus
caerus's picture least he wasn't asked a "let's try and make this old guy look crazy" question

Thu, 09/22/2011 - 21:48 | 1699634 wisefool
wisefool's picture

Wait till we get to foriegn policy. 

Thu, 09/22/2011 - 21:48 | 1699636's picture

Wait for it.

Thu, 09/22/2011 - 22:36 | 1699746 caerus
caerus's picture

is it me...or is this the fuckin perry vs romney show?  i'd like to see how much time they were given v the other candidates in this thing...

Thu, 09/22/2011 - 22:42 | 1699758's picture

It does seem like it's Itchy and Scratchy's show. But it was a pleasure watching Huntsman knock back Santorum over the Global War on Terror.

Thu, 09/22/2011 - 22:46 | 1699771 caerus
caerus's picture

"government destroys jobs, the market creates jobs"

- dr. paul

Thu, 09/22/2011 - 22:51 | 1699778's picture

Ron's comment on abortion was fantastic -- the problem isn't the law it's the character of the people. That's one of the few statements anybody has every made about that contentious subject with which I can agree 100%.

Thu, 09/22/2011 - 21:58 | 1699665 Cursive
Cursive's picture

Where's Electron Paul?

Thu, 09/22/2011 - 23:28 | 1699869's picture

Vote for the winner of the debate here:

Current stats:

Mitt Romney 21.63% (2,063 votes)

Rick Perry 12.42% (1,184 votes)

Newt Gingrich 7.52% (717 votes)

Ron Paul 37.62% (3,587 votes)

Rick Santorum 1.75% (167 votes)

Gary Johnson 1.79% (171 votes)

Herman Cain 13.52% (1,289 votes)

Michele Bachmann 1.87% (178 votes)

Jon Huntsman 1.89% (180 votes)

Total Votes: 9,536

Thu, 09/22/2011 - 23:41 | 1699887 caerus
caerus's picture

thanks for the link

Thu, 09/22/2011 - 23:47 | 1699892 Cliff Claven Cheers
Cliff Claven Cheers's picture

So who is leading?

Thu, 09/22/2011 - 21:07 | 1699506 quasimodo
quasimodo's picture

Poor fucking hoo

Thu, 09/22/2011 - 22:49 | 1699775 Josh Randall
Josh Randall's picture

Crying Towels monogramed with "JPM" will be arriving to the Morgue shortly. That and Credit Suisse is about as reliable as the weather in Texas, and as honest as Baghdad Bob evidently, they just made my list:

Thu, 09/22/2011 - 21:07 | 1699507 Nihilarian
Nihilarian's picture

These are the rules for Liar's Poker. Game on!

Thu, 09/22/2011 - 21:07 | 1699508 bigwavedave
bigwavedave's picture

Dont worry. Morgan Stanley won't need any extra capital what with their huge depositor base. That plus ZIRP, Flat as a Chinese whore yield curve and big average trading volumes will save this particular 'bank'

Thu, 09/22/2011 - 21:08 | 1699509 Dapper Dan
Dapper Dan's picture

It is true, this is "some blog"

Go getum Tyler!!

Thu, 09/22/2011 - 21:08 | 1699511 caerus
caerus's picture

damn those bloggers

Thu, 09/22/2011 - 21:39 | 1699599 gangland
gangland's picture

All your blogs are belong to us

Thu, 09/22/2011 - 22:15 | 1699711 SnobGobbler
SnobGobbler's picture

....i mean... enemy combatant.. i mean; ceo perspective.... ooh i give up....

Thu, 09/22/2011 - 21:13 | 1699514 Village Idiot
Village Idiot's picture

Alliance Bernstein?  Let me tell you about Alliance Bernstein...crooks.  They paid like a slot machine when cornered with legal action, though.  Fuck you, Alliance Bernstein.  My deepest sympathy for their clients...if they still have any.

Thu, 09/22/2011 - 22:00 | 1699674 Cursive
Cursive's picture

@Village Idiot

Where have you been?  FYI, refi in process for a 3% 5/1 ARM.

Thu, 09/22/2011 - 22:41 | 1699761 Village Idiot
Village Idiot's picture

All is well my friend. Do you still have my contact info? Get in touch...

Thu, 09/22/2011 - 23:21 | 1699846 Cursive
Cursive's picture

Good to hear!  I miss a lot of the oldtimers around here.  Just sent you an e-mail.

Thu, 09/22/2011 - 23:51 | 1699903 Cliff Claven Cheers
Cliff Claven Cheers's picture

Do you remember, Minasota Fats, Howard Beale, Project Mayhem, Cheeky Bastard.......

Fri, 09/23/2011 - 00:08 | 1699937 Cursive
Cursive's picture

@Cliff Claven Cheers


Howard Beale, Project Mayhem, Cheeky Bastard...yes!  Although I never saw in Cheeky what others did.  I think I saw him post here last month.  I remember talk that he was terminally ill.  Howard Beale was here some months ago IIRC and I saw deadhead awhile back not to mention he was on Daneric's blog just last week.  I still see Cognative Dissonance and Jim in MN and Lizzy36 and MsCreant and Shameful and B9K9 and wisefool and Ben Bernanke (to name a few).  Phaesed even made an appearance a couple of weeks ago and he must be enjoying his beloved long bond trades right now....

Fri, 09/23/2011 - 01:12 | 1699976 Cliff Claven Cheers
Cliff Claven Cheers's picture

I forgot all about Dead Head. I still see Wise fool and Lizzy and MsCreant and B9K9 occasionally.  Last I remeber Pheased was ex milatary just getting into economics then he stopped posting.  

I forgot some usuals, Village Idiot, Hephastues, Escape Key, Anonnn, Hendrix, Chump666 etc. NMEWN is one of my favorites. Oh yeah and that cock blocker Buzzsaw99.

Edit: I also like Fuu and wise fool.  Those guys always crack me up.

Fri, 09/23/2011 - 03:36 | 1700186 TheMerryPrankster
TheMerryPrankster's picture

Romper room wants it's Magic Mirror back. I see all my friends had fun today. I see all my friends had fun at play.

There's Tyler, and the bernanke, and DoChen Roller Bearing, and Michael, and williamBanzai7 and Carlos the international Terrorist and Cramerica, and .. hey wait Carlos the international terrorist, isn't he in jail - oh wait that's just Timmy Geithner in his boxers with 3days stubble and a warm beer with cigarette butts floatin on top.

Time for bed Timmy....

Fri, 09/23/2011 - 04:01 | 1700195 Going Loco
Going Loco's picture

CDAD is good. Cracked me up with his horserace skit (Crocodile Algo leading Margin Call by a short head...) - best description of today's markets I ever read.

Thu, 09/22/2011 - 22:18 | 1699715's picture

Hey, got any of that salmon and stuffed mushrooms?

Thu, 09/22/2011 - 22:45 | 1699767 Village Idiot
Village Idiot's picture

Taking me back to day one, lol.

Thu, 09/22/2011 - 21:10 | 1699515 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

[T]here you have it: just because everyone is aware the bank is doomed, means the bank is ok.

This must fall under the 'rational consumer' theory of Neo-Keynesian economics.

Thu, 09/22/2011 - 21:22 | 1699550 NumNutt
NumNutt's picture

Someone should tell MS that just because the people on the Titanic saw the iceburg before they hit it, that didn't stop them from sinking.

Thu, 09/22/2011 - 21:10 | 1699516 spiral_eyes
spiral_eyes's picture

You're nobody 'til they call you a terrorist.

Thu, 09/22/2011 - 21:12 | 1699517 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Tyler, you do realize you are a terrorist right?

I hearby make a citizen's arrest, you are an obvious threat and traitor to the all loving, all caring societal status quo, that our sociopath masters have carefully and caringly created for us.

Anyone reading zerohedge is also a terrorist. Expect a visit.

Thu, 09/22/2011 - 21:19 | 1699542 Edward Fiatski
Edward Fiatski's picture

Nah, if anything Tyler(s) have received invitation from the Wisemen, they like this kind of people, as opposed to the brain-dead cattle, which encompasses 90% of the population.

Thu, 09/22/2011 - 21:30 | 1699576 espirit
espirit's picture

Tyler, aka "Verbal" , aka "Usual Suspects".

Thu, 09/22/2011 - 21:25 | 1699560 NumNutt
NumNutt's picture

When we are all in some dark federal prison we can still reply to comments by tapping in morris code via soap bars on the steal prison walls.

Thu, 09/22/2011 - 21:36 | 1699594 wisefool
wisefool's picture

Also practice your cordage skills. In the super maxes we will need to make cords that we can attach notes to, and sling from one cell to the other via the small gaps on the bottom of cell doors. 

Thu, 09/22/2011 - 22:37 | 1699750 Mallenet
Mallenet's picture

I have heard of 'Cottage' skills (don't ask how - just know that I have heard, a little).  I have also hear of code skills (sometimes 'codage').  But 'Cordage' suggests a new string that I am not sure I have the rope for!  Can I be hung by this?  Or should I tell you to get knotted for your obviousely twisted twine!

Thu, 09/22/2011 - 21:45 | 1699621 Mallenet
Mallenet's picture

Morris code?  Do you mean Morris dancing - where lots of gay men wave hankies at each other just before having sex with their friend, plus/minus their friend's sheep/goat?  It is the festival of the rectal centre of summer - the day when the sun shines out of your 'target' arse!

Or did you think you almost-spelled (I know) Morse?  I love Americannots, after 300 years of education, some can almost speak English (but they do struggle with the dots and dashes: bless the idiots)!

Thu, 09/22/2011 - 21:45 | 1699623's picture

That's Morse code. Morris is reserved strictly for quaint English dancing.

Thu, 09/22/2011 - 22:41 | 1699759 Mallenet
Mallenet's picture

"Steal" (as in to take without permission) or "Steel' as in a metal?  I think you tell too much of yourself in one post!

Fri, 09/23/2011 - 02:02 | 1700094 Things that go bump
Things that go bump's picture

I'm sorry, no dark Federal Prison for us.  It will be a cattle car and a sunny FEMA camp for us.  Arbeit macht frei, baby.    

Thu, 09/22/2011 - 21:50 | 1699643 Arkadaba
Arkadaba's picture

You're cute!

Fri, 09/23/2011 - 02:32 | 1700138 geekgrrl
geekgrrl's picture

Have you channeled Bill Hicks? Because every time I read one of your posts, I think to myself, yea, I could see Bill saying that.

Thu, 09/22/2011 - 21:11 | 1699519 Mallenet
Mallenet's picture

I cannot believe - a bank that lies?! Whatever next, we may even have to question politicians (wow)!  Can you imagine a place where people actually took power for themselves (a land called Democracy) without a band of financial and political liars at the fore?

What a wonder that might be!

Thu, 09/22/2011 - 21:11 | 1699521 alien-IQ
alien-IQ's picture

Are "vicious bloggers" anything like the "Vermicious Knids" Willy Wonka warned Charlie about?

Thu, 09/22/2011 - 21:58 | 1699666 espirit
espirit's picture

We must expound "vicious bloggers" to mean "Vicious Web Loggers" for proper context.

Sharp tongue type and pointy fingers, guilty as charged.

Thu, 09/22/2011 - 22:21 | 1699719 nmewn
nmewn's picture

Victoriously verbous & very vicious ;-)

Thu, 09/22/2011 - 23:13 | 1699825 Village Idiot
Village Idiot's picture

nmewn...another good egg.

Thu, 09/22/2011 - 22:35 | 1699748 NumberNone
NumberNone's picture

Jack Johnson - Leave your footprints, And we'll shame them with our words. 

Thu, 09/22/2011 - 21:15 | 1699525 King_of_simpletons
King_of_simpletons's picture

This is not a mere blog. This is the new media.

Let the old and useless "media" and their cronies (government, wall street, pentagon) wither away.

Thu, 09/22/2011 - 21:44 | 1699617 JenkinsLane
JenkinsLane's picture



Fuck 'em all

Fri, 09/23/2011 - 02:06 | 1700103 Things that go bump
Things that go bump's picture

I don't think they are going to go gently into that good night.  I rather suspect that if they can't control this erstwhile new media they will certainly make a concerted effort to sterilize it.  

Thu, 09/22/2011 - 21:15 | 1699531 Milton Waddams
Milton Waddams's picture
"We must hang together, gentlemen...else, we shall most assuredly hang separately."
Thu, 09/22/2011 - 22:07 | 1699693 JohnG
JohnG's picture

OH C OME ON!  How could anyone junk this!

Thu, 09/22/2011 - 21:20 | 1699546 tomreagan
Thu, 09/22/2011 - 21:22 | 1699549's picture

Ron Paul getting big cheers in Florida talking about local control and the 10th Amendment.

Thu, 09/22/2011 - 21:39 | 1699601 King_of_simpletons
King_of_simpletons's picture

Us floridian old farts support Ron "old fart" Paul.

Thu, 09/22/2011 - 21:51 | 1699647's picture

Youth is wasted on the stupid, er, I mean young.

Thu, 09/22/2011 - 21:59 | 1699670 fuu
fuu's picture

Senator Santorum you don't have to butt in.

Thu, 09/22/2011 - 22:45 | 1699768's picture

Post of the day.

Thu, 09/22/2011 - 22:58 | 1699792 fuu
fuu's picture

The moderator said it when Rick was talking over someone else.

Thu, 09/22/2011 - 23:20 | 1699834's picture

I heard it. But you were thinking of the Google definition of Santorum, weren't you.

Fri, 09/23/2011 - 09:54 | 1700881 fuu
fuu's picture

Butt of course, I live on the internet.

Thu, 09/22/2011 - 23:15 | 1699831 snowball777
snowball777's picture

Don't have to santorum in you butt, Senator.

Thu, 09/22/2011 - 21:47 | 1699631 johnconnor
johnconnor's picture

hey Buzzsaw, was that the VP of communication and the office of Solyndra?

Thu, 09/22/2011 - 22:10 | 1699703 buzzsaw99
buzzsaw99's picture

We are all Solyndra now.

Thu, 09/22/2011 - 21:23 | 1699556 chump666
chump666's picture

Well done ZH. Banks are lazy market players who expect a bailout when they f*ck up their own businesses through over greed.

Socialism and the markets never mixed well.

Keep up the good work.

Thu, 09/22/2011 - 21:25 | 1699561 Hephasteus
Hephasteus's picture

I hear the media you buy and control will never be vicious with you. Until they start sniffing that they are getting dumped in a fucking shithole with a welded lid to scratch on forever.


Thu, 09/22/2011 - 21:40 | 1699563 anonnn
anonnn's picture

I'm an outsider, but I can add. Put 2+2 together and got this question, yesterday:

"What is Morgan Stanley' exposure to French banking misadventures?"

That was on Wed, 09/21/2011 - 17:47  at Tyler's blog

"Twist Spin Begins As Morgan Stanley Tries To Pass Fed Action As Bigger Than Expected"

Next day, today, got an answer. Though still unconfirmed, it sure drew loud attention, as if a bankster bit his lip.

Thanks to  ZH and contributors.

Thu, 09/22/2011 - 22:14 | 1699694 anonnn
anonnn's picture

Recall Mr. Panks in Dickens' Little Dorrit" re CDS/ AIG et al:

...A person who can't pay, gets another person who can't pay, to guarantee that he can pay...

And bankers took up this cleverness to lend what they don't have to s/o who can't pay, meanwhile skimming fees/commissions from their corporate employers thereby hollowing out once wealthy firms. That's where the actual bonuses/rewards actual cash comes from, not the flimflam loans/tranches ghost-promises of future cash flow written in hopium onto the books .

Thu, 09/22/2011 - 21:27 | 1699566 overmedicatedun...
overmedicatedundersexed's picture

watching Bove on CNBC he said his BOA call two weeks ago is under water but that bank is sound and he is right ..talking with vomit in his mouth was fun to watch

on bloomberg the panel tonight said the FED is like the Supreme Court and no one should attack the FED as it is a government institution

again this mis information is not sticking with those exposed to sites like ZH or Ron Pauls work..

the wizards curtain is ripping.

Thu, 09/22/2011 - 21:52 | 1699650 riley martini
riley martini's picture

That type of fascist propaganda is how they earned my name for them ; Bloomturd.

Thu, 09/22/2011 - 21:28 | 1699570 Diablo
Diablo's picture

they did such a great job managing howie hubler's risk...surely they cant fuck it up again.  buahahaha

fuck john mack and all the other MS shitheads.



Thu, 09/22/2011 - 21:29 | 1699571 jekyll island
jekyll island's picture

WTF?  A major financial institution buckles and threatens to take the entire banking system with it?  That has never happened before, we better get the word out.  Right after Dancing with the Stars is over.  

Thu, 09/22/2011 - 21:29 | 1699572 Rob Jones
Rob Jones's picture

No, its true! My uncle Bill tells me that MS has hedged its entire European bank exposure with him. If any of those banks fail, he says he is prepared to make good their losses, even if it means having to sell his sandwich shop in downtown Cleveland.

Know your counterparties. And their counterparties. And so on.

Thu, 09/22/2011 - 21:32 | 1699583 ZeroPoint
ZeroPoint's picture

It's really a sad state of affairs when someone publishing facts is an 'attacker'.

Thu, 09/22/2011 - 22:56 | 1699788 Mallenet
Mallenet's picture

Don't moan about what works: ask Hitler, Starlin and the guy who owns all the take-away food places (except McDonalds - which has never been food so does not count): China owns USA so now you need Big Noodles, Supersize Dumplings and Rice Wine - all with no additives.  Result - the planet gets back on balance because fat Americans loose weight, climate gets better, fat Americans die and feed wild animals that were almost extinct: whole world votes that a world without Americans is good.  Whole world survives and lives 'Ameri-Free' forever!

Thu, 09/22/2011 - 21:34 | 1699585 Stax Edwards
Stax Edwards's picture

Stay on em TD.  No time like the present to bury these fucking "banks".  The very fact they acknowledge is proof they feel threatened.  Fantastic work! 

Their next trick is the mutually assured destruction crap, well, put up or shut up time is growing near. Markets will be fine without them.  The public is in no mood for more bank bailouts.

Disc: Long Guillotines, Big Boy Pants

Thu, 09/22/2011 - 21:34 | 1699588 jekyll island
jekyll island's picture

Calling Henry Paulson, errr, Timmy Geithner, please pick up the red phone.  

Thu, 09/22/2011 - 21:39 | 1699590 JW n FL
JW n FL's picture




You know telling the Truth in America can get you Jailed!

I am going to have to start a Bond Fund if you keep this up.

God Bless You! but get some kevlar, LOL!!

IMF's Lagarde says 'downside risks' are high for global economy

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