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Standard And Poors Reviews 37 Global Banks, Downgrades Bulk - Full List Attached

Tyler Durden's picture




 

Bank of America now precisely at $5.00 following an after hours downgrade from A to A-. We note that BofA's CDS widened 10bps today while MER CDS widened 18bps and notably wider (we haven't seen runs post downgrade) and we wonder how this will impact the firm's huge derivative book which was recently moved to the Bank's higher rated, and deposit backed unit for its better rating support. In fact, following such a drastic action, it is quite likely that derivatives units across the board will see counterparties scrambling to demand a far greater cash cushion for fears of the same downgrade waterfalls that took down AIG and MF Global.

Standard & Poor's Ratings Services today said it reviewed its ratings on 37 of the largest financial institutions in the world by applying its new ratings criteria for banks, which were published on Nov. 9, 2011. See the Ratings List for the ratings on these banks, their core and highly strategic subsidiaries, and other subsidiaries that we took rating actions on as a result of applying our new criteria to their parents. We will review all ratings that we placed on CreditWatch within 90 days. Ratings on CreditWatch are designated as Watch Neg or Watch Pos in the list below.

 

We will publish individual research updates on the bank groups identified below, including a list of ratings on affiliated entities, as well as the ratings by debt type--senior, subordinated, junior subordinated, and preferred stock. The research updates will be available at www.standardandpoors.com/AI4FI  and on RatingsDirect on the Global Credit Portal. Ratings on specific issues will be available on RatingsDirect on the Global Credit Portal and www.standardandpoors.com.

 

Standard & Poor's will be hosting two teleconferences to discuss the application of the newly revised criteria and the related ratings actions. See the teleconference information below the Ratings List. 

Full list of every bank and security downgraded:

 

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Tue, 11/29/2011 - 17:39 | 1927514 speconomist
speconomist's picture

Wells Fargo downgraded too according to Bloomberg.

Tue, 11/29/2011 - 17:42 | 1927539 The Big Ching-aso
The Big Ching-aso's picture

 

 

I'm confused.    Who in the fuck does S&P work for?

Tue, 11/29/2011 - 17:44 | 1927551 tmosley
tmosley's picture

The people who went hard short before close, duh.

Tue, 11/29/2011 - 17:46 | 1927566 GenX Investor
GenX Investor's picture

$4.98, $4.98, $4.98 oh yea!

Tue, 11/29/2011 - 17:49 | 1927579 SHEEPFUKKER
SHEEPFUKKER's picture

So what is everyone doing for the Bank Holidays this year? 

Tue, 11/29/2011 - 17:58 | 1927624 Steel_Preacher
Steel_Preacher's picture

Loading the ARs and stringing more concertina wire.

Tue, 11/29/2011 - 18:01 | 1927636 Cleanclog
Cleanclog's picture

Will CNBC ask Meredith Whitney for her opinion?  Bloomberg just had Sean Egan on and as usual he was very cogent.  On banks stand alone earning abiility, Fed support, sovereign and banks hooked at hips, etc

Tue, 11/29/2011 - 18:31 | 1927752 American34
American34's picture

Can anyone say BANK RUN! :)

Tue, 11/29/2011 - 18:41 | 1927791 Oztralian
Oztralian's picture

* Bank Run *

oh, look. we're all still here.

Tue, 11/29/2011 - 21:09 | 1928160 Al Gorerhythm
Al Gorerhythm's picture

Death by a thousand cuts eludes you.

http://www.youtube.com/watch?v=zKhEw7nD9C4

Tue, 11/29/2011 - 21:21 | 1928188 NotApplicable
NotApplicable's picture

It's cool. 995 and counting.

Wed, 11/30/2011 - 02:13 | 1928910 James
James's picture

Here is what the average banker will soon be doing.

http://www.youtube.com/watch?v=H29D3TeJOnY

Tue, 11/29/2011 - 18:57 | 1927840 Comay Mierda
Comay Mierda's picture

economic martial law will be in full effect to prevent bank runs in the USSA.  bank holidays & withdrawal restrictions will become the new norm

My puts are happy right now, but I will cash them in soon for gold.  I think there be a lot more MF Global situations popping up with brokerages that have lost/stolen client money

if you are trading anything in this market, make sure it is money you can afford to lose.  

Tue, 11/29/2011 - 19:21 | 1927910 The Fonz
The Fonz's picture

Thank goodness! My shorts were really starting to chafe the way S&P rubbed up against 1200 all day. I was worred about that! Good Times!

Tue, 11/29/2011 - 20:17 | 1928041 Gidas19
Gidas19's picture

FAS.pk

Tue, 11/29/2011 - 18:31 | 1927754 tarsubil
Tue, 11/29/2011 - 21:18 | 1928145 Al Gorerhythm
Al Gorerhythm's picture

Edited comment.

It's how they roll. Up arrow.

Tue, 11/29/2011 - 17:58 | 1927626 Manthong
Manthong's picture

All is well... consumer confidence is up.

Tue, 11/29/2011 - 20:31 | 1928079 rocker
rocker's picture

 Speaking of confidence.  How have to like the reason S&P said they downgraded them.

 S&P is in the opinion that becasue of negative feelings about bailouts.

 There will be no more Bank Bailouts. It is really hard to believe that it was expected again.

 The new rumor is QE3 will be mostly  used to monetize bad mortgages on the banks balance sheets.

 What the hell is going on. Who runs the FED. Didn't the Bernanke say under oath, I will not monetize.  

Tue, 11/29/2011 - 20:55 | 1928130 DeadFred
DeadFred's picture

He didn't pinkie swear though.

Tue, 11/29/2011 - 18:09 | 1927664 MJ
MJ's picture

I get the feeling the Demagogue-in-chief will scream bloody murder at his largest benefactors before the start second act in this political tragicomedy.  Getting close to the time where they lob him a meatball.

Tue, 11/29/2011 - 18:42 | 1927795 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I'm thinking that large benefactors may prefer to hitch their wagons to Newt or whoever the Repubs put out (not that that's any better), rather than keep pitching money at the thankless idiot. Idiot will only stay around if he can keep delivering what the .01% want. If he can't, he'll lose in a Carter-like landslide, or-- if there are some threats/promises made-- refuse to run a la LBJ.

Tue, 11/29/2011 - 18:44 | 1927808 tarsubil
tarsubil's picture

There are plenty of signals that it will be Hillary vs Newt. Makes things easy as the election won't interupt my magazine loading and kukri sharpening.

Wed, 11/30/2011 - 01:29 | 1928805 Calmyourself
Calmyourself's picture

Gurkha's +1

Tue, 11/29/2011 - 20:04 | 1927988 The Big Ching-aso
The Big Ching-aso's picture

 

 

"So what is everyone doing for the Bank Holidays this year?"

 

Watching 'It's a Wonderful Life' about fifty times.

Tue, 11/29/2011 - 20:06 | 1928014 ucsbcanuck
ucsbcanuck's picture

As opposed to watching the market and thinking "It's a Wonderful Lie"?

Tue, 11/29/2011 - 18:36 | 1927773 ucsbcanuck
ucsbcanuck's picture

Naked shorting ban coming right up. You heard it here first...

Tue, 11/29/2011 - 18:47 | 1927814 SilverIsKing
SilverIsKing's picture

I've heard that one before.  Hey, pull my finger....

Tue, 11/29/2011 - 19:01 | 1927857 equity_momo
equity_momo's picture

The unintended consequences if the regulators decide on that will ensure the market really does tank.  Would be as dumb as preventing the CDS payout on the Greek default.

Tue, 11/29/2011 - 20:29 | 1928073 Gidas19
Gidas19's picture

$707,568,901,000,000 represents the latest total amount of all notional OTC outstanding derivatives... why ban naked shorts?

Tue, 11/29/2011 - 17:48 | 1927575 Carlyle Groupie
Carlyle Groupie's picture

Congress people, congressional aids, senators, aids, lobbyists, lobbyists baby mommas, certain white shoe boys.

I'm certain I missed a few, no disrespect intended.

Tue, 11/29/2011 - 17:51 | 1927598 Uchtdorf
Uchtdorf's picture

None of the unwashed masses like me?

Tue, 11/29/2011 - 17:54 | 1927611 Fazzie
Fazzie's picture

 Let me check......hmmmmmm......nope. Not on the list. Hope and change! Merry Christmas!

Tue, 11/29/2011 - 19:08 | 1927869 cossack55
cossack55's picture

You forgot the US Supremes

Tue, 11/29/2011 - 17:48 | 1927573 Piranhanoia
Piranhanoia's picture

The guy, who's eye, is coming from a periscope on the back of the pyramid on a green and black currency in easy to hide denominations or guaranteed deposits offshore.

Tue, 11/29/2011 - 17:54 | 1927610 Aductor
Aductor's picture

For us.

Kind regards,

The other banks

Tue, 11/29/2011 - 17:56 | 1927619 SHEEPFUKKER
SHEEPFUKKER's picture

Maybe S&P will now upgrade the US credit rating to AAA again citing improving conditions following the Super Committee's glorious holiday impasse.  Who the phuck cares about these trolls? 

Tue, 11/29/2011 - 18:25 | 1927727 SunBlaster
SunBlaster's picture

"Who in the fuck does S&P work for?"

I keep wondering on this myself, COULD anyone verify who is the REAL controlling entity of S&P is? Somehow I think recent letting go the CEO over USA AAA downgrade was just for show.

Tue, 11/29/2011 - 21:41 | 1928231 Real Money Wins
Real Money Wins's picture

The S&P and Moody's and the like are regulated by the SEC. Who regulates the SEC why the US government of course! So once again S&P regulated by corrupt government agencies like the Treasury and Justice Departments, who only regulate what they want regulated and the hell with everything else even if it is illegal.

Tue, 11/29/2011 - 17:43 | 1927549 camaro68ss
camaro68ss's picture

Holy Shit!

We all seen this coming!

We dont need no water let the mother F**** Burn

Tue, 11/29/2011 - 17:49 | 1927578 a growing concern
a growing concern's picture

Burn, mother fuckers, burn!!!!

My puts thank you.

Tue, 11/29/2011 - 17:44 | 1927550 WonderDawg
WonderDawg's picture

Now maybe Citi will finally tank. My puts are counting on it.

Tue, 11/29/2011 - 18:40 | 1927784 ucsbcanuck
ucsbcanuck's picture

I have puts on:

BBVA (downgrade)

Santander (unchanged, with appropriate ticker symbol STD)

BAC (downgrade)

JPM (unchanged)

MS (downgrade)

It doesn't matter if a bank didn't get downgraded, because this thing is CONTAGIOUS

Tue, 11/29/2011 - 21:11 | 1928165 Sunset chaser
Sunset chaser's picture

OK....BAC....Let's see here....

Over two trillion in liabilities according to the latest balance sheet.....Check!

 

Operating income applicable to common shares 2009 and 2010, negative......Check!

 

Another annual loss for 2011 so far......Check!

 

That makes BAC a company with over 2T in debts operating at a shareholder loss for the past three years running, and it's still worth $50B.  That is amazing, as in amazing opportunity for my puts to explode in value.

 

 

Tue, 11/29/2011 - 21:59 | 1928271 AldousHuxley
AldousHuxley's picture

watch out.

 

obama won't disappoint Buffet....same government rescue play with goldman sachs.

 

Bernanke just waiting until  spring 2012 to launch QE3 big time to boost Obama's election.

 

meanwhile, let non-government folks suffer a bit to concentrate even more power in the hands of government folks (aka. the status quo)

Tue, 11/29/2011 - 18:29 | 1927743 johngaltfla
johngaltfla's picture

All but 7 of the NY Fed's Primary Dealers got whacked. Coincidence? Nah, US paper is crap too, nobody but S&P is being somewhat (cough, giggle, snort) honest about that too.....

 

List of Primary Dealers zapped is here:

 

http://johngaltfla.com/wordpress/2011/11/29/all-but-7-of-the-ny-feds-pri...

Wed, 11/30/2011 - 04:40 | 1929057 i-dog
i-dog's picture

Sooo ... Jefferies, Canada and Japan are "safe", while the rest are more risky? Interesting....

Tue, 11/29/2011 - 18:57 | 1927843 ilion
ilion's picture

I guess this means that markets will rally tomorrow.

Tue, 11/29/2011 - 19:13 | 1927886 chunga
chunga's picture

Of course it will. What happened to treasuries when the U.S. got it's downgrade? Too funny.

Tue, 11/29/2011 - 19:21 | 1927907 lotsoffun
lotsoffun's picture

so this means bank stocks are cheap and a good buy?  i'd hate to miss the bottom?

Tue, 11/29/2011 - 21:07 | 1928154 Buck Johnson
Buck Johnson's picture

This isn't good, not at all.  BOA is almost done and once they break the 5 dollar mark you most definitely see major selling. 

Tue, 11/29/2011 - 17:40 | 1927515 Pladizow
Pladizow's picture

BOA = Bend Over America!

Bove will hold your ankles!

Tue, 11/29/2011 - 17:39 | 1927517 Mongo
Mongo's picture

Shitstorm sighted, sound the alarm!

Tue, 11/29/2011 - 21:19 | 1928180 Zero Govt
Zero Govt's picture

alarm's been going off for 10 minutes.... only problem Captain Blankfeind and his Pirate banking crew have been shagging the accountants, regulators and politicos up the arse until they crow "All is Well" while they loot the lower and middle class cabins

Tue, 11/29/2011 - 17:39 | 1927518 jonan
jonan's picture

FAZ-bulous bitchez...

Tue, 11/29/2011 - 17:42 | 1927537 tekhneek
tekhneek's picture

FAZ-tasticle, bitchez.

Tue, 11/29/2011 - 18:28 | 1927741 Carlyle Groupie
Carlyle Groupie's picture

FAZel dazel'em bitchez!

Tue, 11/29/2011 - 20:56 | 1928135 Sunset chaser
Sunset chaser's picture

shorting FAS offers a much better return than long FAZ due to the decay inherent in these leveraged paper traders.  Going long FAZ (or FAS) is a suckers game.

Wed, 11/30/2011 - 09:18 | 1929357 Chappy
Chappy's picture

Sunset, I was about to agree with you until I really thought about it.  If you short those stocks, the best you can do in an epic crash is double your money.  The long positions can up infinitly.  I also noticed that during the downswing in August, SDOW went up 65% while UDOW went down 45%.  So I think you are correct only if prices don't swing a lot.

Tue, 11/29/2011 - 17:47 | 1927569 deepthoughtless
deepthoughtless's picture

It's my portfolio's guilty pleasure. I know it's a corrupt instrument of a defunct financial world (Leveraged shorting? Come on...), but damnit events like this make it hard to sell...

Tue, 11/29/2011 - 18:15 | 1927691 tekhneek
tekhneek's picture

Wait til it actually collapses and you're sitting on $8,000/share FAZ.

It'll be more than a guilty pleasure for your portfolio. It will be digital viagra.

Tue, 11/29/2011 - 18:19 | 1927707 MsCreant
MsCreant's picture

I don't get it. COUNTERPARTY RISK BITCHES!!!!!!

Tue, 11/29/2011 - 18:55 | 1927832 Raynja
Raynja's picture

They will get 10% of 8000$ in twelve years.

It wouldn't be too bad, problem is the bernank will try to cure us of our deflationary tendencies before then.

Wed, 11/30/2011 - 04:07 | 1929036 i-dog
i-dog's picture

It's [now] called a "Celente Put"!

Let the children play with matches. It's the best way for them to learn. ;)

Tue, 11/29/2011 - 20:16 | 1928039 ucsbcanuck
ucsbcanuck's picture

Will the reaction to $8k/share FAZ be like this?

http://www.youtube.com/watch?v=VLnWf1sQkjY

Tue, 11/29/2011 - 17:39 | 1927519 Chief KnocAHoma
Chief KnocAHoma's picture

Die you bitches die!!!! (Stabbing  a lifeless corpse that is BAC)

Tue, 11/29/2011 - 17:45 | 1927556 a growing concern
a growing concern's picture

You have to shoot it in the head. Haven't you ever seen a zombie movie?

Tue, 11/29/2011 - 17:55 | 1927612 Chief KnocAHoma
Chief KnocAHoma's picture

Bang, bang, bang, bang, bang, bang, click, click (RELOAD) Bang, bang, bang, bang, bang, bang

Whew... that was close. Now I need to go buy more silver.

Tue, 11/29/2011 - 18:28 | 1927742 DutchR
DutchR's picture

It rings true in you ear?

Tue, 11/29/2011 - 18:41 | 1927793 ucsbcanuck
ucsbcanuck's picture

Good thing you followed the lesson from "Zombieland" - don't shoot just once when you can shoot several times to make sure.

Wed, 11/30/2011 - 18:21 | 1932794 Real Money Wins
Real Money Wins's picture

Don't the rules of Zombieland....DOUBLE TAP!!!!!

Tue, 11/29/2011 - 17:39 | 1927523 Mutatto
Mutatto's picture

"I'm gonna take a FLAMETHROWER to this place"  LOL

Tue, 11/29/2011 - 17:59 | 1927632 chunga
chunga's picture

Unless you are a Professional Russian don't try this flame-thrower trick at home..

FLAMETHROWER MASSACRE

As always...have a nice day.

Tue, 11/29/2011 - 18:15 | 1927687 DionysusDevotee
DionysusDevotee's picture

"Don't be Beetch!"

Tue, 11/29/2011 - 18:21 | 1927717 chunga
chunga's picture

Ha! Who says pepper spray hurts...lol.

SHOOTING WHILE PEPPER SPRAYED

"C'mon, give me some more. Don't be Beetch".

Tue, 11/29/2011 - 18:59 | 1927850 CatoTheElder
CatoTheElder's picture

The Professional Russian makes some awesome videos.

Tue, 11/29/2011 - 19:56 | 1927995 chunga
chunga's picture

He sure does. And proves the U.C. Davis punks need to just suck it up. /s

The Russian has a video ordering burgers from a McDonalds drive-thru on an armored personel carrier (complete with Ma Deuce). If he did that at a BAC drive-thru he'd get at least 50 million views.

Tue, 11/29/2011 - 17:42 | 1927526 Gene Parmesan
Gene Parmesan's picture

It's going to be like xmas eve trying to fall asleep tonight, what with the visions of Bank of America's demise dancing in my head and all.

Tue, 11/29/2011 - 17:46 | 1927553 UnderDeGun
UnderDeGun's picture

Get out of my head, Gene!

Tue, 11/29/2011 - 18:19 | 1927703 Godisanhftbot
Godisanhftbot's picture

 just heard an  Abbott and costello routine from the 40's mentioning Bank Of America

 

 

Tue, 11/29/2011 - 21:45 | 1928243 Miss Expectations
Miss Expectations's picture

WOW 10,025 homes for sale in Charlotte, NC

http://www.trulia.com/for_sale/Charlotte,NC/#for_sale/Charlotte,NC/price...

Who's sorry now?

Tue, 11/29/2011 - 17:40 | 1927529 HedgeAccordingly
HedgeAccordingly's picture

HA.  BAC traded 4.98 AH -- http://hedge.ly/u4PUXt 

Tue, 11/29/2011 - 17:50 | 1927585 jay28elle
jay28elle's picture

Drop baby drop.

Tue, 11/29/2011 - 17:40 | 1927531 Ghordius
Ghordius's picture

I used to love rating agencies, they were so predictable...

Tue, 11/29/2011 - 17:40 | 1927532 Cdad
Cdad's picture

And the FAZsters inherit the Earth.

Tue, 11/29/2011 - 17:59 | 1927628 Fazzie
Fazzie's picture

 Yes, our time has come! Glad I heeded ZHs real reporting instead of CNBCs propaganda.

Tue, 11/29/2011 - 17:42 | 1927538 Christoph830
Christoph830's picture

Warren Buffett kicking himself for not accumulating a position in S&P like he did in Moody's...

Tue, 11/29/2011 - 17:43 | 1927542 UnderDeGun
UnderDeGun's picture

I wonder.  Does the water swirl clockwise or counter clockwise going down the drain in Bernanke's universe?

Tue, 11/29/2011 - 17:46 | 1927561 Mutatto
Mutatto's picture

Neither, he just farts bubbles over and over to keep the tide from going down.

 

Tue, 11/29/2011 - 17:49 | 1927570 UnderDeGun
UnderDeGun's picture

And calls and flotsam ejected - Baby Ruth. (or should that be jetsam? hum)

Tue, 11/29/2011 - 17:43 | 1927543 Seasmoke
Seasmoke's picture

i wonder if Ken Lewis is enjoying the sunset ?

Tue, 11/29/2011 - 17:49 | 1927580 BlueStreet
BlueStreet's picture

Sunset on the golf course with Mozilo.  

Tue, 11/29/2011 - 17:48 | 1927544 NuYawkFrankie
NuYawkFrankie's picture

Buffy Buffet the Bank Slayer certainly gave the kiss-of-death to Wells Fargo, BAC....

Tue, 11/29/2011 - 17:43 | 1927546 NoMoreBull
NoMoreBull's picture

Cue FED........BAC will need another $500B in overnight delivery!

Tue, 11/29/2011 - 17:45 | 1927557 Sudden Debt
Sudden Debt's picture

And a dessert of 250 billion

Tue, 11/29/2011 - 17:43 | 1927547 swmnguy
swmnguy's picture

Well, Fuck A Duck. I did not expect this to happen until after US Marshals put bike locks on the doors.

Tue, 11/29/2011 - 20:27 | 1928068 mt paul
mt paul's picture

quack....

Tue, 11/29/2011 - 17:46 | 1927548 Sudden Debt
Sudden Debt's picture

Pretty predictable. Like i said a few months ago, if BAC stands at 12 cents and it ain't bankrupt: I might buy some shares. Maybe even 2 :)

Tue, 11/29/2011 - 17:49 | 1927581 achmachat
achmachat's picture

they don't issue the pretty paper certificates anymore. Sadly.

Tue, 11/29/2011 - 17:49 | 1927582 camaro68ss
camaro68ss's picture

Ill put a five spot on it. what the hell, worst i could lose is fiat paper.

Tue, 11/29/2011 - 17:44 | 1927552 Normalcy Bias
Normalcy Bias's picture

BAC Bailout Redux in 3...2...1...

Tue, 11/29/2011 - 17:45 | 1927558 DutchR
DutchR's picture

Butt, butt, butt................

Tue, 11/29/2011 - 17:46 | 1927559 Seasmoke
Seasmoke's picture

when you look at that bloated pale pig Moynahan, you just know he was put in charge to Fail.......he is as pathetic as i have ever seen

Tue, 11/29/2011 - 17:46 | 1927560 max2205
max2205's picture

A to A- What a joke these guys are. After the default they will rate them junk which is what they are now

Tue, 11/29/2011 - 18:11 | 1927677 fonzanoon
fonzanoon's picture

Damn Right...A to A-. They gotta be freakin joking.

Tue, 11/29/2011 - 17:46 | 1927562 PLove
PLove's picture

Mar 3, 2009 – In 2001 Kenneth D. Lewis became chief executive officer of Bank of America. Starting with what he called a "blank sheet of paper" ....

Tue, 11/29/2011 - 17:52 | 1927599 UnderDeGun
UnderDeGun's picture

but it was paper from a bog roll

Tue, 11/29/2011 - 17:48 | 1927565 PicassoInActions
PicassoInActions's picture

So many people chearing for the  collapse, like one day they will be come reach.

If there is a colapse all rednecks will suffer first.

Tue, 11/29/2011 - 17:48 | 1927577 Uchtdorf
Uchtdorf's picture

Could I get an English translation of this?

Tue, 11/29/2011 - 17:53 | 1927605 OldPhart
OldPhart's picture

I

Tue, 11/29/2011 - 18:11 | 1927673 Jeff Lebowski
Jeff Lebowski's picture

"Knock yourself a pro slick.  Gray matter back got perform' us' down I take TCBin, man'."

Don't be naive Arthur.
Each of us faces a clear moral choice.

Tue, 11/29/2011 - 19:31 | 1927948 Goldilocks
Goldilocks's picture

jive talkin' ... niiice. ;-)

AIRPLANE-

First Jive Dude: Shit man, that honky mus' be messin' my old lady... got to be runnin' cold upside down his head. You know?
Second Jive Dude: Hey home, I can dig it. You know he ain't gonna lay no mo' big rap up on you man.
First Jive Dude: I say hey sky, s'other s'ay I wan say?
Second Jive Dude: UH...
First Jive Dude: Pray to J I get the same ol' same ol'.
Second Jive Dude: Eh. Yo knock yourself a pro slick, gray matter live performas down now take TCB'in man.
First Jive Dude: Hey, you know what they say... See a broad, to get that booty yak 'em.
First Jive Dude, Second Jive Dude: Leg 'er down 'n smack 'em yak 'em
First Jive Dude: Cold got to be! You know? Shiiiiiiit.

 

Tue, 11/29/2011 - 18:12 | 1927679 ltsgt1
ltsgt1's picture

Dumb liberal bought BAC thinking he is smart like Buffet. Now, he is jealous at the rednecks.

Tue, 11/29/2011 - 20:46 | 1928113 LongBallsShortBrains
LongBallsShortBrains's picture

Think he meant to write. " will become rich"

Jmo

Tue, 11/29/2011 - 17:50 | 1927592 Gene Parmesan
Gene Parmesan's picture

So many people chearing for the  collapse, like one day they will be come reach.

If there is a colapse all rednecks will suffer first.

People aren't hoping or expecting to get rich. That has nothing to do with anything as far as those cheering for collapse are concerned.

Tue, 11/29/2011 - 17:52 | 1927603 Uchtdorf
Uchtdorf's picture

That helps.

Tue, 11/29/2011 - 18:17 | 1927698 DionysusDevotee
DionysusDevotee's picture

You must be trolling... Who do you think grows the shit youre smoking?

Tue, 11/29/2011 - 18:24 | 1927726 i_call_you_my_base
i_call_you_my_base's picture

Let's all get fucking reach, ese.

Tue, 11/29/2011 - 18:25 | 1927733 SilverRhino
SilverRhino's picture

Right, the guys with the weapons, living outside of the cities and with the skills to live off the land will hurt first.  

Idiot.

Tue, 11/29/2011 - 18:32 | 1927756 DionysusDevotee
DionysusDevotee's picture

Exactly.. The people that have been waiting for it all to fall apart since people thought a rolled up towel could protect you from radiation.  I am a redneck.  Trust me, when it all ends, we'll fire up the hand crank radios to enjoy the show, eat some preserves and venison, and giggle to ourselves while we count our junk silver and ammo.  Count on it.

"The banks collapsed? You mean like the river banks?  Damn, thats gonna hurt mah fishin' "

Tue, 11/29/2011 - 19:55 | 1927994 nmewn
nmewn's picture

Cousin Jethro just said he's gonna teach the soon to be starving city mutants how to catch those square fish they're so fond of ;-)

Tue, 11/29/2011 - 20:06 | 1928013 lotsoffun
lotsoffun's picture

i didn't know fish or chicken had bones?

 

Tue, 11/29/2011 - 20:16 | 1928038 nmewn
nmewn's picture

Yep...but they're real easy to clean.

Just take em out of the bun, scrape the tarter or mayo off and the bones just dissolve away...its PFM ;-)

Tue, 11/29/2011 - 18:30 | 1927751 tumblemore
tumblemore's picture

"If there is a colapse all rednecks will suffer first"

lol, you are so, so wrong. http://www.youtube.com/watch?feature=player_embedded&v=lSEovw5-bbU

Tue, 11/29/2011 - 18:31 | 1927755 my puppy for prez
my puppy for prez's picture

Rednecks have guns, dumbshit!  And they know how to kill their own dinner....

Tue, 11/29/2011 - 18:51 | 1927828 Steel_Preacher
Steel_Preacher's picture

I don't see anyone cheering fucktard. I see folk preparing. I bet your gay ass doesn't even know where the word "Redneck" comes from. Its not an insult, its a compliment. Google= "Coal Field war, Redneck, WV". And if/when it comes we'll be stacking useless cowardly urban cunts like cordwood. Here's a hint...

 

http://www.youtube.com/watch?v=I4s0nzsU1Wg&feature=fvsr

Tue, 11/29/2011 - 20:11 | 1928026 sosoome
sosoome's picture

not the rednecks I know

Tue, 11/29/2011 - 17:47 | 1927567 swmnguy
swmnguy's picture

Of course, we all must bear in mind...

 

...No-One Could Have Predicted This.

Tue, 11/29/2011 - 18:05 | 1927649 fuu
fuu's picture

hoocoodanode

Tue, 11/29/2011 - 18:30 | 1927750 brew
brew's picture

one in a million shot doc, one in a million...

Tue, 11/29/2011 - 17:49 | 1927583 Out9922
Out9922's picture

Watch out below

Tue, 11/29/2011 - 17:50 | 1927587 Stack Trace
Stack Trace's picture

Where is Million Dollar Bonhead and Robot-Tarder? Crickets

Tue, 11/29/2011 - 18:00 | 1927635 au_bayitch
au_bayitch's picture

Maybe with methman in your backyard digging up $5 silver so that they may buy a share of BAC.

Tue, 11/29/2011 - 17:50 | 1927588 verbal_kint
verbal_kint's picture

Swoop! 

Let it all burn! Banksters run this country, *uck'em all

Tue, 11/29/2011 - 17:50 | 1927591 death_to_fed_tyranny
death_to_fed_tyranny's picture

DIE BANKSTERS! DIE!

Tue, 11/29/2011 - 17:51 | 1927593 hmmmstrange
hmmmstrange's picture

What are the odds BOA will be out of the Dow next year?

Tue, 11/29/2011 - 17:51 | 1927594 SillySalesmanQu...
SillySalesmanQuestion's picture

All this means is the Fed and the Bernankster will have to to leave more free money under the tree for their 37 little elfs

Tue, 11/29/2011 - 18:33 | 1927760 my puppy for prez
my puppy for prez's picture

Or under the Menorah, in their case!

Tue, 11/29/2011 - 17:51 | 1927596 Piranhanoia
Piranhanoia's picture

Nice how the S and P site says things are bullish. 

Have we ever had all the major banks and countries downgraded before?

We've always been at war with Eurasia.

 

Tue, 11/29/2011 - 17:51 | 1927597 SmoothCoolSmoke
SmoothCoolSmoke's picture

Dick-weed Bove.... covered his ass just in time, no?

Tue, 11/29/2011 - 17:57 | 1927601 ThirdCoastSurfer
ThirdCoastSurfer's picture

230+ million American's spent an average of $400 each over the Thanksgiving weekend for a total in excess of $50 billion and a debate over extending and expanding the payroll tax deduction is under debate in Congress for a Friday vote while banks are in a state of collapse and QE3 looms large. 

Meanwhile, 45+ million American's are deemed to be deserving of food stamps, including a virtual majority of those living in Alabama, as the total federal debt approaches the $15.2t ceiling due to an annual budget deficit of far more than $1 trillion with an inability to even make cuts to expenses 10 years in the future.     

With a total population of about 310 million, what's wrong with this picture? 

Tue, 11/29/2011 - 18:25 | 1927732 Mentaliusanything
Tue, 11/29/2011 - 17:52 | 1927602 bob_dabolina
bob_dabolina's picture

Statement from Obama shortly stating that those banks will always will be AAA

Tue, 11/29/2011 - 17:57 | 1927614 sitenine
sitenine's picture

That Obama fuck can take his noble peas prize and shove it!

Tue, 11/29/2011 - 20:29 | 1928072 ucsbcanuck
ucsbcanuck's picture

Should have never gotten it in the first place...

Wed, 11/30/2011 - 04:36 | 1929054 e-recep
e-recep's picture

Political Nobel prizes don't mean a shit. It's the scientific ones that count.

Tue, 11/29/2011 - 18:33 | 1927762 i_call_you_my_base
i_call_you_my_base's picture

...right here (points to heart).

Tue, 11/29/2011 - 17:53 | 1927606 sitenine
sitenine's picture

So, when FDIC runs out of money, do I have to pay for another bailout? Err, wait, isn't FDIC already out of money? I feel ill...

Tue, 11/29/2011 - 17:58 | 1927625 Messianic
Messianic's picture

The FDIC's money is safely secured in the SSI trust fund

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