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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 | Link to Comment speconomist
speconomist's picture

Wells Fargo downgraded too according to Bloomberg.

Tue, 11/29/2011 - 17:42 | Link to Comment 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 | Link to Comment tmosley
tmosley's picture

The people who went hard short before close, duh.

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

$4.98, $4.98, $4.98 oh yea!

Tue, 11/29/2011 - 17:49 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

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

Tue, 11/29/2011 - 17:58 | Link to Comment Steel_Preacher
Steel_Preacher's picture

Loading the ARs and stringing more concertina wire.

Tue, 11/29/2011 - 18:01 | Link to Comment 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 | Link to Comment American34
American34's picture

Can anyone say BANK RUN! :)

Tue, 11/29/2011 - 18:41 | Link to Comment Oztralian
Oztralian's picture

* Bank Run *

oh, look. we're all still here.

Tue, 11/29/2011 - 21:09 | Link to Comment 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 | Link to Comment NotApplicable
NotApplicable's picture

It's cool. 995 and counting.

Wed, 11/30/2011 - 02:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Gidas19
Gidas19's picture

FAS.pk

Tue, 11/29/2011 - 18:31 | Link to Comment tarsubil
Tue, 11/29/2011 - 21:18 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Edited comment.

It's how they roll. Up arrow.

Tue, 11/29/2011 - 17:58 | Link to Comment Manthong
Manthong's picture

All is well... consumer confidence is up.

Tue, 11/29/2011 - 20:31 | Link to Comment 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 | Link to Comment DeadFred
DeadFred's picture

He didn't pinkie swear though.

Tue, 11/29/2011 - 18:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Calmyourself
Calmyourself's picture

Gurkha's +1

Tue, 11/29/2011 - 20:04 | Link to Comment 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 | Link to Comment ucsbcanuck
ucsbcanuck's picture

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

Tue, 11/29/2011 - 18:36 | Link to Comment ucsbcanuck
ucsbcanuck's picture

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

Tue, 11/29/2011 - 18:47 | Link to Comment SilverIsKing
SilverIsKing's picture

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

Tue, 11/29/2011 - 19:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Uchtdorf
Uchtdorf's picture

None of the unwashed masses like me?

Tue, 11/29/2011 - 17:54 | Link to Comment Fazzie
Fazzie's picture

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

Tue, 11/29/2011 - 19:08 | Link to Comment cossack55
cossack55's picture

You forgot the US Supremes

Tue, 11/29/2011 - 17:48 | Link to Comment 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 | Link to Comment Aductor
Aductor's picture

For us.

Kind regards,

The other banks

Tue, 11/29/2011 - 17:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment a growing concern
a growing concern's picture

Burn, mother fuckers, burn!!!!

My puts thank you.

Tue, 11/29/2011 - 17:44 | Link to Comment WonderDawg
WonderDawg's picture

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

Tue, 11/29/2011 - 18:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment ilion
ilion's picture

I guess this means that markets will rally tomorrow.

Tue, 11/29/2011 - 19:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Pladizow
Pladizow's picture

BOA = Bend Over America!

Bove will hold your ankles!

Tue, 11/29/2011 - 17:39 | Link to Comment Mongo
Mongo's picture

Shitstorm sighted, sound the alarm!

Tue, 11/29/2011 - 21:19 | Link to Comment 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 | Link to Comment jonan
jonan's picture

FAZ-bulous bitchez...

Tue, 11/29/2011 - 17:42 | Link to Comment tekhneek
tekhneek's picture

FAZ-tasticle, bitchez.

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

FAZel dazel'em bitchez!

Tue, 11/29/2011 - 20:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment MsCreant
MsCreant's picture

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

Tue, 11/29/2011 - 18:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

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

Tue, 11/29/2011 - 17:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment DutchR
DutchR's picture

It rings true in you ear?

Tue, 11/29/2011 - 18:41 | Link to Comment 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 | Link to Comment Real Money Wins
Real Money Wins's picture

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

Tue, 11/29/2011 - 17:39 | Link to Comment Mutatto
Mutatto's picture

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

Tue, 11/29/2011 - 17:59 | Link to Comment 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 | Link to Comment DionysusDevotee
DionysusDevotee's picture

"Don't be Beetch!"

Tue, 11/29/2011 - 18:21 | Link to Comment 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 | Link to Comment CatoTheElder
CatoTheElder's picture

The Professional Russian makes some awesome videos.

Tue, 11/29/2011 - 19:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment UnderDeGun
UnderDeGun's picture

Get out of my head, Gene!

Tue, 11/29/2011 - 18:19 | Link to Comment 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 | Link to Comment 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 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

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

Tue, 11/29/2011 - 17:50 | Link to Comment jay28elle
jay28elle's picture

Drop baby drop.

Tue, 11/29/2011 - 17:40 | Link to Comment Ghordius
Ghordius's picture

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

Tue, 11/29/2011 - 17:40 | Link to Comment Cdad
Cdad's picture

And the FAZsters inherit the Earth.

Tue, 11/29/2011 - 17:59 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment UnderDeGun
UnderDeGun's picture

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

Tue, 11/29/2011 - 17:43 | Link to Comment Seasmoke
Seasmoke's picture

i wonder if Ken Lewis is enjoying the sunset ?

Tue, 11/29/2011 - 17:49 | Link to Comment BlueStreet
BlueStreet's picture

Sunset on the golf course with Mozilo.  

Tue, 11/29/2011 - 17:48 | Link to Comment 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 | Link to Comment NoMoreBull
NoMoreBull's picture

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

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

And a dessert of 250 billion

Tue, 11/29/2011 - 17:43 | Link to Comment 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 | Link to Comment mt paul
mt paul's picture

quack....

Tue, 11/29/2011 - 17:46 | Link to Comment 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 | Link to Comment achmachat
achmachat's picture

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

Tue, 11/29/2011 - 17:49 | Link to Comment 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 | Link to Comment Normalcy Bias
Normalcy Bias's picture

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

Tue, 11/29/2011 - 17:45 | Link to Comment DutchR
DutchR's picture

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

Tue, 11/29/2011 - 17:46 | Link to Comment 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 | Link to Comment 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 | Link to Comment fonzanoon
fonzanoon's picture

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

Tue, 11/29/2011 - 17:46 | Link to Comment 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 | Link to Comment UnderDeGun
UnderDeGun's picture

but it was paper from a bog roll

Tue, 11/29/2011 - 17:48 | Link to Comment 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 | Link to Comment Uchtdorf
Uchtdorf's picture

Could I get an English translation of this?

Tue, 11/29/2011 - 17:53 | Link to Comment OldPhart
OldPhart's picture

I

Tue, 11/29/2011 - 18:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment LongBallsShortBrains
LongBallsShortBrains's picture

Think he meant to write. " will become rich"

Jmo

Tue, 11/29/2011 - 17:50 | Link to Comment 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 | Link to Comment Uchtdorf
Uchtdorf's picture

That helps.

Tue, 11/29/2011 - 18:17 | Link to Comment DionysusDevotee
DionysusDevotee's picture

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

Tue, 11/29/2011 - 18:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment lotsoffun
lotsoffun's picture

i didn't know fish or chicken had bones?

 

Tue, 11/29/2011 - 20:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment sosoome
sosoome's picture

not the rednecks I know

Tue, 11/29/2011 - 17:47 | Link to Comment swmnguy
swmnguy's picture

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

 

...No-One Could Have Predicted This.

Tue, 11/29/2011 - 18:05 | Link to Comment fuu
fuu's picture

hoocoodanode

Tue, 11/29/2011 - 18:30 | Link to Comment brew
brew's picture

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

Tue, 11/29/2011 - 17:49 | Link to Comment Out9922
Out9922's picture

Watch out below

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

Where is Million Dollar Bonhead and Robot-Tarder? Crickets

Tue, 11/29/2011 - 18:00 | Link to Comment 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 | Link to Comment verbal_kint
verbal_kint's picture

Swoop! 

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

Tue, 11/29/2011 - 17:50 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

DIE BANKSTERS! DIE!

Tue, 11/29/2011 - 17:51 | Link to Comment hmmmstrange
hmmmstrange's picture

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

Tue, 11/29/2011 - 17:51 | Link to Comment 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 | Link to Comment my puppy for prez
my puppy for prez's picture

Or under the Menorah, in their case!

Tue, 11/29/2011 - 17:51 | Link to Comment 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 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

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

Tue, 11/29/2011 - 17:57 | Link to Comment 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 | Link to Comment Mentaliusanything
Tue, 11/29/2011 - 17:52 | Link to Comment 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 | Link to Comment sitenine
sitenine's picture

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

Tue, 11/29/2011 - 20:29 | Link to Comment ucsbcanuck
ucsbcanuck's picture

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

Wed, 11/30/2011 - 04:36 | Link to Comment 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 | Link to Comment i_call_you_my_base
i_call_you_my_base's picture

...right here (points to heart).

Tue, 11/29/2011 - 17:53 | Link to Comment 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 | Link to Comment Messianic
Messianic's picture

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

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