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SocGen Asia Strategist Has Near Fit On Bloomberg TV After Making It Clear That It's All The Blogosphere's Fault
SocGen's Todd Martin, who is the bank's Asia equity strategist (and, despite being regulated, failing to disclose he worked at Morgan Stanley previously), appeared on Bloomberg earlier today to discuss the Volcker Rule and prop trading, against which the anonymous blogosphere had some very "strong views" back in 2009 before anyone had even considered prop trading. Sure enough, prop trading ended a few months later with the adoption of the Volcker Rule. Somehow, the topic of the Volcker rule shifted to the topic of whether or not Morgan Stanley is exposed to France, and its insolvent banks (ahem), and who is to blame. Take a wild guess on Mr. Martin's opinion in the matter: "For example one blog just a week ago, had a very, very strong view against Morgan Stanley. They quoted Sanford Bernstein who actually was telling people to buy the stock. And then they were quoting Gross Exposures not Net, and then concluding that Morgan Stanley had to go down and be dismembered [sic]. Now I have a serious problem with this.... If I get regulated why isn't this place regulated. It's also very dangerous because they are using psudonames [sic] and we don't know who they are. They could be the guy on the street. They could be a hedge fund dangling out information. It could be the head of a prop desk. Thing is it is supposed to be regulated. And they get their revenues from trading platforms on US soil. And I don't think it's fair. And I think the US should go and take a look and regulate the blogosphere. I think it's really, really out of control." In other words: it is all the blogosphere's fault.
Where does one start with that one. First, we understand why you are angry Todd: after all, your employer recently blamed the blogosphere for blowing out the spreads of SocGen, which then used the stress test part two to defend itself... You know, the same stress test that saw insolvent Dexia pass with flying colors if not in first place. Second, we inquire Todd and his regulators, to advise on how it is that he concluded that a "blog" had "very, very strong views" on a company when the only information presented was a blurb from a 10-K with the following advice: "We'll leave it up to readers to find the relevant number." Furthermore, the AB report was naturally quoted as follows: "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."" Apparently they were, and their only defense is "bilateral netting" which failed with an epic bang when AIG was nationalized, and had to hope and pray for mainstream media rumors and a wholesale market squeeze to send their stock higher, thus avoiding a death spiral.
Lastly we won't go into the accuracy of Mr. Martin's China predictions (we are happy to) and leave the question of "fairness" to those who may have followed his regulated advice. But our advice is this: Mr. Martin's credibility and future employment status is predicated upon his accuracy, not to mention how much money SocGen will be able to take out of taxpayers when and if it is forced to recapitalize shortly (which uber-regulated Credit Suisse seems to have some very, very strong thoughts about and believes it is the most undercapitalized bank in Europe). He should probably worry about that. And let the anonymous blogosphere worry about its own credibility. After all, if there is none, nobody will listen to it, even if "it is out there." If, however, it provides critical information that is missing because gentlemen like Mr. Martin are conflicted from telling the truth when their own job is at stake, then we say: onward, upward, and always twirling, twirling, twirling. Because without the natural filter to the endless bullshit that the sellside spews forth (where was Mr. Martin warning that Dexia was about to fail and actually saving people money for a change?), losses at the retail level would be orders of magnitude higher.
As for revenues, Mr Martin, it is all ads we are afraid: feel free to click on one or two, because we doubt we will be bailed out when we need a few billion in bailout funding.
Full truly hilarious clip of a sellsider having a near-nervous breakdown due to a blog. Fast forward to 4 minutes in.
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Only bankers use the non-word irregardless. You are part of the way there.
Yeah, baby! Declaring war on redundant prefixes everywhere. Next up: inflammable.
No such word, it's umregardless.
I love this guy. He is so high strung. The kind of guy who might do something extreme were his portfolio to bottom out. He might go BOOM.
too soon?
He sounds a bit like Million_Dollar_Bonus. Hmmmmm...
ZH has unbelievable power over the universe according to grubby banksters and their pimps and shills.
It's where they get their investment advice...
he says its a "big mess". i assume hes talking about his own employer.
He was referring to the "big mess" in his pants.
Yup, definately: it's Zero Hedges fault that SocGen has a leveraged balance sheet at 50 x 1.
Ssshhhhhhh!!!! It's all about perception. As long as everyone's A-Ok with mark-to-unicorn, why... STFU and collect the pennies it generates.
So bankster boy says Tyler is yelling "Fire!" in a crowded theater, upsetting his leisure time as well as endangering his way of life.
Thing is, just behind the curtain, a fire rages out of control, while the entire basement is stuffed with incendiary devices.
he needs to call jim cramer and get the skinny on interpreting misinformation.
I saw a reptillian eye blink.
A serious post for once. 'I dont think its fair!??' FREEDOM OF INFORMATION YOU COMMUNIST TARD.
As for the 'Blogosphere' theory of 'they could be a hedge fund dangling out information. It could be the head of a prop desk', people need to use information off the internet at their own risk, just like information at ratings agencies, newspapers, tv, and hot stock tips from your dentist.
... and he continues with some blather about "... [people] not knowing what their [blogs] motives are ..."
Well, listen Junior, after sampling the uninterrupted perma-bull drivel of the sell-side through the biggest market disasters in history over the past decade or so, some of us have decided to put on our "Big Boy Pants" and think for ourselves. And that's what the sell-side "anal-cysts" are really afraid of - a significant and growing part of the flock they've become accustomed to fleecing on a continuing basis for years has recognized that their "analysis" is in fact no more or less than advertising, and thus hits the "mute button" the minute they open their lying cake-holes.
Just as you can't solve a problem of too much debt with more debt - you can't solve a problem of too many lies with more lies. The jig is up, Junior.
Suggest to be pretty careful with any longs here, as we expect, this week or latest next, another major market reversal. http://hammystradingcorner.blogspot.com/2011/10/hammy-sticking-his-head-out-and-red.html
AGH has an awesome track record for those who don't know. I wouldn't bet against AGH, but obviously I wouldn't sell physical either.
What are the steps again?
-ignore
-ridicule
-fight
-win
I think the sell-side is somewhere between ridicule and fight with ZH. Love ZH, keep the accurate information flowing.
In the past, propaganda worked so well...
The internet killed it...
No, the internet made it ubiquitous. Any flavor your attracted to is on the internet.
video killed the radio song
Regulate the blogosphere? The paper-pushing fucknuts are indeed getting desparate. Crash the system already so we can eat these fucking pussies and we can sort out exactly what the value of everyone's labor is.
Sounds like this guy is all in favor of free speech/thought so long as no one disagrees with him. Yes, more regulation (and money printing) today's answer to the world's ill's.
Hope ZH has servers in Iceland.
From The Zero Hedge Privacy Policy - http://www.zerohedge.com/node/12342
As long as Tyler wears his condoms, he and us are OK
Someone on the ball, +1. The deal to enhance & expand their facilities is just getting going.
17/10/11
Verne Global data center arrives at HelguvikOn Sunday, the first units in the Verne Global data center arrived at Helguvik harbour in Reykjanesbaer. The data centre will provide 500 square metres of data centre space, when they arrive and are assembled. Verne intends to grow the data centre, with more modules from Colt as required, and has space in its buildings for bespoke data centres if customers arrive who want capacity in the MegaWatt range.
The combination of a modular design and the Iceland location provide Verne's first customer, Datapipe, with an unusual trifecta – a highly energy efficient facility, powered entirely by renewable energy, with stable energy pricing.
http://asbru.is/english/news/verne-global-data-center-arrives-at-helguvi...
I'm not too sure where but I believe Tyler said in one article the servers were "naturally offshore, of course".. or some wording like that
Last i checked the bankers were all about self regulation.
Full disclosure: I am some guy in the street.
Which street? There are only two according to Bloomberg.
Full Disclosure: I am not very smart and for that reason I am okay with being poor. But I do like (mostly) reading and occsionally posting on this blog. In that regard I have learned from ZH what the term "talking your book" means. I watched the MSM for years and never understood what that means. I have not book to talk, including ownership of gold (yet!)
Full Disclosure: I want to be a woman
any negative information from MSM travels with the speed of sound and actually is a very positive advertisements.
Why spent on marketing when few dummies from MSM will do it for you for free.
People are attracted more to negativity vs positive spins. Gravity at work.
check out around the 2.57 mark for INTERNET UNCOMFORTABLE.........this place is BOOM
CIA plant in 5,4,3,2,1.... Hurry regulate ZH !!! I rembember vividly the exchange Rogers had with a similar clueless analyst in 2008 : "But Jim come on Fannie and Freddie own a lot of performing mortgages, surely they will not all default at the same time , the stock is super cheap !! " - Jim: "Well thats why there is a market , go buy the stock ! '' Oopsss.... The answer to this guy is GO BUY MS STOCK and lets see if youre smart !
This excrement sack has a job? Talk about injustice!
Wait, is this guy begging for regulation? I thought high finance was against regulation...??
Also, if analysts were ever correct, people wouldn't need to rely on blogs. That guy sounds like a nervous dinosaur who sees a giant meteorite headed his way.
iPout
Everty time i get fucked i don't know where there coming from. What a fucking baby.
FTB
Hello, Sheriff's Office? I'd like to report a murder!
Shame shame!
That was a total hissy fit for a Canadian.
"Wall Street should disseminate its own information. It's a regulated industry." OMFG I rolled at that one.
Wow. At 5:50 he says only WS firms should provide information about WS.
ZH,even being right 90% of the time, is scaring the crap out of WS!!!
Being absolutely disgusted with "regulated" sell-side clowns just went to a whole new level.
Man, lots of gamblers are taking a huge risk chasing AAPL to new world record highs today the day before earnings.
Never underestimate the thirst and insatiable appetite for tech stocks.
Tech is where hopium is born and bred robo. solutions come slowly, picking the right ones always requires homework, or inside information.
The striped pants brigade has been replaced by the pink shirt and striped garters brigade.
I wonder if his lunch mate/s will still love his production of all things fiat when his source of same dissolves quicker than he and his stale efforts at rinse and repeat?
Investment decisions based on the sophisticated analysis of his 8-year-old son. Nice. Where do I sign up?
monmick you are sooooo BOOM!
We need a special council to determine the regulatory framework to be imposed around the meaning "so Boom" OR at the very least get Bawney to propose some legislation. And Michelle Bachmann to figure out how to tax it.
http://www.youtube.com/watch?v=L6sYB5d1Bu4 [RT crowing about their success]
http://www.youtube.com/watch?v=b66u-mzfBPE&feature=related [How to use new media, with Hilary lending a hand]
When the wonks at the top already know it, Mr Martin is a little behind the curve, methinks. Quote of the year though: "I don't think it's fair" - been reading too many #OccupyWallStreet banners, recently? C.M.A.F.R. My favourite: "And quite frankly, it has all gotten out of control".
M[i/e]metic Weapons, growth industry there, the problem being you're not employing the new mindset1. @ The interested parties viewing this site - masturbatory dreams of putting the genie back into the bottle are not a viable solution2 (and for Mr Beck's $2 million cheque / $30 mil in related media per annum you can get a lot of young turks), ; time to change the music. Or, as a very smart young female cookie put it to me recently: "I think the only possibility to solve this may be removing the baby boomers from the equation". Ad[a/o]ption - coming soon[tm].
[edit]
For a reference: 'interested parties' are still placing stock in m[i/e]metic weaponry such as - http://www.telegraph.co.uk/travel/destinations/europe/italy/florence/880... . We're aware of those who built the renaissance (or, were involved in the process, try not to take all of the credit there), however, when the arch-critique of power at that time is remembered not for his defense of Republics, but of self-interested and selfish misuse of power3 then we find it not chortle-worthy Xfactor type entertainment, but an indication you're missing the point. Dubai is not a foundation stone of a new renaissance; your fore-fathers would be ashamed at the balls required to equate the two.
Since brass, nor stone, nor earth, nor boundless sea,
But sad mortality o'ersways their power,
How with this rage shall beauty hold a plea,
Whose action is no stronger than a flower?
O! how shall summer's honey breath hold out,
Against the wrackful siege of battering days,
When rocks impregnable are not so stout,
Nor gates of steel so strong but Time decays?
O fearful meditation! where, alack,
Shall Time's best jewel from Time's chest lie hid?
Or what strong hand can hold his swift foot back?
Or who his spoil of beauty can forbid?
O! none, unless this miracle have might,
That in black ink my love may still shine bright.
Why are there two Ds in Todd? I don't know where this is coming from, but some people are looking at this name and even copying it. Clearly we need regulations (*cue sound of fist striking palm for emphasis*) to mitigate this reckless way with names.
OT: Insolvent Greece gearing the army again. It's funny that they keep spending BILLIONS of OTHER PEOPLE'S MONEY, TAX PAYER MONEY, to equip their army while insolvent and dependent on european tax payer bail outs and SUBJECT TO STRICT CONDITIONALITY.
Hahahaa, europonzi is truly the most absurd political utopia "alive".
http://www.spiegel.de/international/europe/0,1518,792189,00.html
the DCNS is currently involved in two huge scandals for sale of Subs to Pakistan and Saudi by France involving under hand commission payments as bribes. Due to political infighting amongst french rival groups some of the big commissions did not get paid to third parties. A group of 11 french naval engineers sent to assemble key electronic components on site in KArachi got killed in explosion in 2002. The enquiry proved it was not AL Quaeda but more likely PAk army black ops group. Now the stricken families have asked for a national enquiry, suspecting that it was non payment of contractual commissions that caused black ops back lash against french civilians, and the money line and chain of command on commissions have been retraced back to people close to current President, who was Minister of budget then, and rival in his stand-off with the ex-President who pulled the plug on those payments to ensure his own election then; against break away rival group in own party, wanting to propose an alternative candidate supported by Sarkozy. So this MIC hanky panky is so much a tradition amongst the political class that it gets nauseating in its recurrent re-appearance like a real Loch Ness monster in its lake. Probably get much worse in difficult times ahead, not better.
clearly, closed-circuit cameras cause bank robberies.
There is more truth in that statement than you would think at first blink, I know from fact.
Those private sector 'security companies' who monitor those videos and cameras, often employ people who then know how best to "dodge" the sheriff of Dodge city in that environment. Want to be a poacher? Dress up first as game keeper...Oldest rule in the book!
That how the CIA works. Thats how the Templars worked. Thats how the roman legions ruling the empire worked! So, its as old as the oldest profession in the world : floozy for a boozy.
Relevant, and one of the players involved in the last real home-spun growth industry America has left:
http://www.guardian.co.uk/business/nils-pratley-on-finance/2011/oct/17/g...
And yes, he's called Pratley. Sigh.
Sir, you give away the game, stop now.
;)
o and there will be more and more of these low level scum *TODDS* on to defend the sainted system as the heat rises and the smart ones get the hell out of town.
And the sad part is that 90% of the lemmings will believe this to be true....
I hope RM has a good place to hit the mattress. Not known to TBTF.
The interview does raise an ethical issue : is the blogosphere part of the fourth estate, the free press, or part of the financial sector, ie : people with a professionally biased agenda who are under surveillance by the press but not part of it.
I would argue that the blogosphere is part of the free press. Not part of the financial sector. But as for the incestuous relation between HFs and their outside agents operating for them via cross party share holding, as talked about in this video, the Volcker rule could/should apply to pure financial playing companies whose main agenda is not information dissemination but use the blogosphere in false flag operation. If such a situation does exist.
Just saying there should never be double standards, as is blatant today in financial markets to the nth degree.
Blogs versus bankers. Hmmm. That's going to hit a generational divide. Older folks are going to blame blogs. But, a good portion of Gen X and younger are likely to go the other way.
Looking at gross instead of net! Parish the thought. Because hedges never de-couple. Counter-party risk can never affect the risk profile of offseting legs. Basis risk is imaginary! How one calculates "net" is also clear, consistent, and never open to interpretation (ala Howie Hubler and his infamous "short" exposure). Pay no attention to the man behind the curtain!
If this ambulatory pseudo-sentient pile of fece isn't the strongest argument for why regulation enforces mediocrity, I don't know what is...
TBTF are like porn stars, who fuck around not just amongst themselfes, but with everyone else without a condom, insisting, that it's simply impossible to get AIDS, because they are all clean.
So, they are as clean as AIG 2009?
Listen, Jack,( or Todd or whatever you like to call yourself) - There is something called the First Amendment in the United States and it guarantees the right of free speech and a free press. The blogosphere is a collection of individuals stating their opinions as well as an electronic press. And, as far as I can tell, ZH has never shouted "Fire!" in a crowded theater so sit down and shut up.
Priceless.
It really doesn't get much more silly than this. My take is that these bozos really don't like anyone who is knowledgable enough looking into thier game and speculating (with exceptional insight) as to what they might be up to. A clear threat to thier career. "Regulation" herein is euphanism for censorhsip.
Free speech bitchez.
i will say it again.
yea 4 mins in
this guy is such a pantty wetter mummy's boy.
He is just a F..king Toad - one that turns into a monster if kissed
What a communistic view this guy has. Does he have any idea what a free press is?" Wallstreet should diseminate the information". Yeah that will get us accurate information. What about your motives pal? Your motives are to push a stock with "good research". Well we've seen where this "good research" has taken us before. Henry Blodget ring any bells?
Oh he's right tho! It's all YOUR fault :P
First they ignore you.......
then they laugh at you......
Ignoring was stage 1. I think we skipped stage 2 and have just about reached stage 3. Stage 4 not yet in view, but we're unstoppable so long as the fibre isn't cut.
Quel espèce de connard ce monsieur Martin...
This guy says hes worried because shenanigans can happen on 'the blogosphere' and really we should get our information directly from 'Wall St experts'? LOL!!
yea
where are wall st. aaa rated cdo's whan you need them
This guy should be careful about who he says he wants to regulate. I don't take too kindly to people that say they want to muzzle me.
Why does ZH still hide behind pseudonyms?
Is Wainedog your first, middle or last name?
I believe his full name is Pontificus Wainedog Herbert III.
Ha! The III is an especially nice touch...
This should be good viewing, just let me get some popcorn.
fucking bloggers bitchez...we're out there to get you...
Regulate the freedom of press, we can trust our governments as they are no longer as corrupt as they once were (to paraphrase Keynes). This will solve the problem.
Todd, I am a blogger and my name is Ben. Yes, I would like to be regulated and not allowed to release any information until after you change it to suit your S&M master's wishes.
And we all know that you love wearing the collar and being spanked while you submit to the mighty schlong.
It's a pity the world's finances are under the control of such queer bedfellows as Todd appears to be.
Bailiff! Whack his pee-pee!
Wow, he's either very brave or incredibly stupid for publicly picking a fight with the population at large.
Once the guillotines are built I suppose he'll get to be part of the beta testing session in the publicly coordinated bank cut backs that are coming eventually. With a tube of medium ground beef being the same or over the minimum wage, I bet he won't have to wait that long.
This guy reminds me of a kid who does not get his way and goes running off to Mama to complain and have her fix it. Was waiting for him to cry to make his point.
And sometimes, the truth hurts.
Anonymous blogger. Hmmmm. Let me think.
Oh yeah its anonymous bloggers fault that your markets aren't able to be manipulated as well as you'd like.
If you think things are so bad wait till you see the world from the top of a pike. I wonder if you'll spend your last fleeting moments complaining about how unfair it is that the mob is using unregulated pitchforks.
Cry more bitch.
Blogs lie and 10ks always tell the truth.
What a moron.
if they were more believable, no one would listen to zh :D
Who the fuck is this Facist? We must we must regulate the information the prols receive, you know the wrong ideas can be dangerous for the status quo.
Obama dovish with Wall Street, his election campaign was largely financed by Wall Street.
He also want us to believe there is deception around the blogosphere.
How about the deception after the battle of Waterloo in which bond holders sold in a panic thinking that Napoleon had won rather than having been defeated ? The Rothschilds were able to pick up the bonds for a few percentages of their fair value.
"They could be ...." --- anonymous ?
Its rich seeing a guy who's investment thesis is "my eight year old son think Macau is 'boom'" complain about a lack of oversight on ZH! How we do regulate this guy's immature lunacy?
He seems very nervous too.
we are dangerous b/c we are using psuedonames (sic), BiCheZ!
actually, we are extremely dangerous to the central planners & TPTB b/c we are not regulated and we call what we see, think, feel, and suspect. we fight propaganda, trolls, and each other. and tyler, of course
you can't speak your mind freely in a public forum anywhere else than zH. it's against the rules
we are gonna get 100 trolls for this, so get ready for the disninfo follies, you (sic) BiCheZ!
Not trolls, but sock-puppets.
spooky
The sock hydra just keeps growing new heads.
This asshat is obviously at Kubler Ross stage 2, anger.
He knows his entire career is shit and dead, because his industry is a fucking fraud that helped destroy the global financial system and everything he ever worked for repesents failure.
He's disgusted with himself--as he well should be--and projeccting onto blogs like zerohedge.
He's a fucking pussy and I would punch him in the face if I saw him on the street.
Man up bitch, because shit is going to get a lot worse.
Hey all you faceless traders on ZH, just STOP, you're spoiling the party. It's just not fair. It's all your fault.
I feel sorry for the person who has to clean up the floor in the studio. Lucky it was a head and shoulders shot.
SocGen dead and buried. Better sign on now Todd. But change your trousers first you shit laden muppet.
PS. You won't get a job as a comedian, that joke dropped like the market is soon gonna. Lol
Regulate opinions? How about regulating analysts pumping stocks and then sending e-mails in private about the stock being a dog? Yeah, right. SEC has too much prOn to surf you know.
Really says something about the current state of affairs when the blogosphere instills fear in the TBTF. What a sham the financial industry is. If it had a solid foundation and is solvent as they claim, then why the fear of ZH. Perhaps they should read the ZH disclaimers/conflic of interest/disclosure etc, which crack me up but also make the position of ZH very clear.
ZH and other prominent sites self regulate. If they go off the deep end, their further pronouncements carry less weight. Compare that to financial institutions.
JUMP, you fucker!!
That man looks like he needs a long holiday.
Am I the only one that sees this douche nozzle and thinks about punching him in the bitch ass chin?
What a pathetic little weasel. That's one of the weakest lines of argument I've ever heard. I guess he knows his employer is going down in flames. You can hear the tremors in his voice. And please, get a new shirt. That pink thing looks like shit.
"We need to regulate free speech. We need to make sure we are the only ones allowed to disseminate (dis)information. Please somebody, shut the damn bloggers up! I'm not getting a bonus now..(sob)."
Time to sell my soul to the devils metal.
Who will be the the highest bidder?
I hope its not the devil himself.
For that will put me in his debt forever.
And don't forget this thread that ZH was all over from the beginning. Another one in the 'we called it' category.
http://www.nytimes.com/2011/10/15/world/asia/radioactive-hot-spots-in-to...
Since we have exposed their lying, cheating, ponzi scam guys like Mr Martin cry wawawa for more regulation from their bankrolled politicians. Fuck you Martin!
Is that really the quality of these masters of the universe?
The man is pathetic.
He comes across as if he is going to break down in tears at any moment.
It's called Free Speech, Tawd.
He he he. What a douche bag. OWS is middle America? WTF. OWS is the lunitic left who have been trying to bring down "the system" going on three generations now. And once the 2012 election is over, this motley ragtag army of adolescent hippies, druggies and assorted losers will crawl back under their rock until the next G20, anti war demonstration or free needle exchanges rolls into town. And you can take that to the bank:)
Which one? I've heard a rumour of a rumour of a rumour on an anonymous blog run by evil shorters that many won't make it to 2012.
Since I can't watch the turd any longer, does he turn to jello at the end?
Truth hurts doesn't it? You fucking wuss.
fascism is high strung like this. he needs to unwind
and stop dreaming of controlling the speech that comes
from perspectives other than his. i feel for his son,
poor kid. it is no fun growing up with a father who
dresses up as a mind goblin and eats your toys.
not being paranoid or anything but have a replicant ZH ready to go on the tor network...
stay ahead of the pack
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Wall Street is NOT a Regulated Industry, so help yourself to a box of tissues in the Green Room on your way out.
Sooo, Bloggers and Zero Hedge is bad, and your sell side desk is good?
Click on this Mr. Sellside.
http://pics.livejournal.com/twoflower/pic/00023gph/g6
http://maxkeiser.com/2011/10/17/tossing-tim-dwarf-geithner/
LOL, This is great.
So, did it?
(... cause the crash, that is)
Did the blogosphere lie about the facts that were quoted or take statements out of context?
yep, shackles, ball gags, and chopping of fingers is whats needed. Wall Street is responsible enough to disseminate their own unbiased, perfectly transparent, accurate market info. And the BBG guy had wheels turning in his head - if you shut the blogs down then when do you come for me with the gag, you fascist.
the end for SocGen must be near and he knows it
If you are paying for professional advice....have your advisor sort out the wheat from the chaff ! Gratuitous blog info should drive investors to the professionals ! What's his problem ? Monedas 2011 Not to mention the moral hazard of pulling the plug on Monedas ! Recall Bloomberg as Mayor of Bloomburg (Hymietown) !
double post
Bankers get angry, because they can't control the so called free speech with their stinking money anymore. Go to North Korea and get a job there.
Loved the Simpsons reference, but Tyler mangled it a bit. Here it is in all it's hilarious glory (before The Simpsons lost it's charm):
My fellow Americans. As a young boy, I dreamed of being a baseball, but tonight I say, we must move forward, not backward, upward not forward, and always twirling, twirling, twirling towards freedom.
-- Kodos gives a speech, "Treehouse of Horror VII"
Nice hair gel, d-bag...guy looks like he is about to cry...its not fair...cry me a river
Free speech is clearly the problem. FAIL. Throw this clown in the Sarlac pit.
Tyler, "It's unfair, unfair, unfair, unfair"..... Why are you so unfair? Can't you see thats its unfair to tell anything akin to the truth?
The assholes are panicking.
I remember when I 1st got into the HF game (6+ years ago) a Fidellity PM saying the same thing "I'm regulated. It's not fair!!!". Play me a tiny fiddle. Government makes your life he'll so they should screw me too? Go ahead and regulate us, and tax us, we'll just offshore and take our $ and jobs elsewhere. Bitchez!
Wow, this guy is uber dangerous. Regulate the blogosphere and the only truth you'll supposedly get is from the GSers and Fed pimps. Might as well bend over and take it up the wazoo without any KY.
Green Shoots for Everyone!
what is with letting people express opinions?
when did that happen? this guy is sick,
unbearably demented. someone should alert homeland
security. not to mention he is turning his son into
a gambling addict. how he has a job speaking in public
is revealing concerning the disease that the system has
become. no wonder people are occupying wall street.
if he had any idea what he was saying and implying he
would be protesting himself. he needs help with what
has become a predominant and therefor accepted form of
mental illness.
"If I get regulated why isn't this place regulated. It's also very dangerous because they are using psudonames [sic] and we don't know who they are."
bbwwwaaahahahahhahahahhahaahhhhhhaaaahahahha!!!
david rockefeller sent one of his neo-nazi whores out to advocate the termination of free speech - something the satan has wanted to do for decades, especially when his brother attempted 2 assassinations on ford.
ok, cunt, so they are pseudonames - evaluate the information on the merits. it seems you prefer the genetic fallacy as an argumentation technique....that, along with your naziphillia are why you are a goddamned cunt.
"As an institution matures, little by little it shifts from serving its original purpose to serving the ends of those who control it. It becomes rigid – digging in its heels and resisting any change that would diminish the power and wealth of the controlling groups. The longer the institution remains unchanged, the more parasitic and arthritic it becomes. It drains resources away from honest production and redirects them towards favoured groups of leeches.
Then… history returns. Then cometh the revolution."
From today's The Daily Reckoning by Bill Bonner
Financial advisors regulated? You mean all those "advisors" who gave subprime Tripple AAA ratings when they were actually worthless? Is he referring to those advisors or the ones who "advised" people to buy bank stocks and issues like Lehman miniBonds a few weeks before Lehman went bankrupt.
LMAO when he says anyone on or related to the financial industry on or near Wall Street is "regulated"...POS (Pile of Sh*t).
OMG...love the message. "The problem is that people aren't listening to OUR propaganda because there's competing propaganda out there that they're listening to. Therefore, we need the government (that we don't want to regulate us and that's why we're spending 10s of millions on lobbyists) to regulate them. This way the propaganda message we want to send won't get lost and we'll be able to make money at everyone else's expense."
Hmmm...quite an interesting theory. So, if I have this right, we the financial services industry definitely sucked at knowing there was a ticking nuclear bomb in 2005, (except, of course, for virtually every single financial services professional that makes an appearance on TV now that says they knew it was going to blow up when it did but, for some unexplained reason, didn't think it necessary to tell the rest of the world) but we don't want other bomb sniffers out there possibly alerting investors where the real bombs are buried because we want to profit first from it.
Although a giant part of me thinks this logic is so bizarre that it couldn't possibly gain serious attention, a small part thinks it's just so over the top bizarre that you can imagine the Curtailing Equity News Source Outlets Referendum -- -- more succinctly known as the CENSOR Bill. :-)
"regulate the blogosphere" ..WHAT a fuckwit.
What a total fucking douchenozzle.
Well said Tim. You should do some chocolate rain soon.
Todd "Don't Glass-Steagall my fraud, Shut down the 1st Ammendment' Martin, a pure fascist fucktard in every sense of the word.
Fuck him, his idiot way is coming to an end soon enough.
Glass-Steagall
The day Todd lost his pen.
http://www.youtube.com/watch?v=Cy0UpRIncYM
What a whiney little bitch. Awww...what's the matter... did the truth fuck with your masters' plan? HAHAH
Reminds me when Communists tried to control the flow of truth from the West...but people were able to get VHS of episodes of Dallas and wonder why their houses weren't as nice as Larry Hagman's
This toad is the 21st century version of a corporate facist.
Wall Street is losing its grip on the curtain hiding the wizard... and he say's that free speech should be regulated.
We're in the end game folks... it's never been this bad before.
part of me wishes you were right, but we're not even at the starting gate. You have an entire superstructure of gov't and private sector interests that benefit hugely from perpetuating the status quo. We haven't even left the starting gate yet.
You'll know the starting gate is open when all the sudden violence mysteriously emerges or we start hearing about how the protestors are circulating copies of Das Kapital and the Communist Manifesto. That's when you'll know the superstructure has infiltrated the protests to undermine the real message.
SP500 daily chart now gives bearish signal, warning of a new leg down. Weekly chart reverts to neutral.
http://stockmarket618.wordpress.com
Todd, Todd, Todd... how about we start by reducing your long Morgan Stanley exposure leverage somewhere south of 50:1...lol!
But do keep us posted... very entertaining!
here the real problem for the 99%. the final solution
for the fascists.
.
How The Fiat Money Ponzi Scheme Works
http://geraldcelentechannel.blogspot.com/search?updated-min=2011-10-01T0...
.
this is why nothing works anymore.
.
" if they do not deliver ..the markets start to keel over
again."