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"There Is No Chinese Wall. Please. Come On. This Is Wall Street"

Tyler Durden's picture





 

Remember the look on one's face when one hears there is no Santa Claus, or tooth fairy? That, more or less, is what the visage on everyone's favorite CNBC anchors Becky Quick, Joe Kernen and Andrew Ross Sorkin was, when Chris Whalen matter of fact (because it is a fact) let a rare glimpse of reality on the NBC Universal distraction and entertainment show, when he said "There is no Chinese Wall. Please. Come on. This is Wall Street." Awkward silence follows. And why not: if the banks officially call frontrunning an "Asymmetric Information Initiative" to mask the simple illegality from the idiot regulators, why not call a spade a spade, and expose one more aspect of the lies and crime that is shoved down investors' throats every single day.

Yet once again, this is certainly not news. From January 2011:

Merrill Gets $10 Million Fee For Commingling Prop And Flow Traders And Frontrunning Clients

 

Ever since Zero Hedge's advent just over two years ago, one of the most improper things we claimed happened routinely on Wall Street, was that the big banks' prop traders would consistently, and completely against regulations, populate their massive trading floors with both flow and prop traders, who often sat side by side, within earshot and front run the big clients' orders. Some may recall that point #8 of our follow up query to Goldman's Lucas van Praag in December 2009 was precisely a request to get the seating chart together with assigned responsibilities of all Goldman traders. To wit: "we are still hoping to get a seating chart of Goldman's trading floor (via legitimate channels) which clearly discloses flow and prop traders' seats in order to disclose to the general public that flow and prop traders do not share the same information flow, especially that emanating from core clients who tend to move markets the second they announce their trading axes to Goldman's flow traders." The reason we bring it up is that once again we seem to have been just a year ahead of the curve. In a just announced settlement, the SEC has fined Merrill, and supposedly its insolvent Bank of Calcutta taxpayer funded holdco, $10 million for doing precisely this! From Bloomberg: "The SEC found that Merrill operated a proprietary trading desk from 2003 to 2005 on the firm’s main equity-trading floor in New York, where market makers received and executed customer orders. While Merrill told clients their order information would be used on a need-to-know basis, proprietary traders got information and used it to place trades on Merrill’s behalf after executing the customer orders, according to the statement"...... So... does everyone finally understand how Goldman's (et al) prop group has no trading loss day (at near 50% margins) every single day year after year now?

Q.E.D.

Fast forward to 9:30 into the clip below.

 


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Sun, 04/15/2012 - 00:03 | Link to Comment akak
akak's picture

OK, allow me to be the first to ask the obvious question here:

What the Hell is a "Chinese Wall"?

(AnAnonymous, is this more of your creeping Chinese citizenism?)

There is nothing more annoying than the flippant and casual use of obscure jargon.
Unless, of course, it is the offhand use of self-defined phrases and figures of speech that only the speeker understands (see the posts of AnAnonymous for examples of such).

Sun, 04/15/2012 - 00:06 | Link to Comment Fred Hayek
Fred Hayek's picture

It's a purported division between the left side and the right side (or between divisions or groups or whatever the nature of the split is) of a company where the two aren't supposed to know any details about each other's workings such that they function just as thought the other's work was at a different company.

Sun, 04/15/2012 - 00:40 | Link to Comment Michael
Michael's picture

You reach a moment of clarity of thought for only very few moments in your life.

When you do you can't make it last for more than a few minutes a day because you are mentally deficient.

 That's why you get what you get, not what you want.

Sun, 04/15/2012 - 01:32 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Down arrows for good philisophy. Micheal called it. You, me, we're all Eyes Wide Shut!

There is no Chinese Wall.

There is no cookie monster.

There is no Santa Clause.

There is a Foreclosure Clause.

The Tooth Fairy weilds a Drill.

Soldier man/hero pop's a pill.

Why was the Atomic Bomb a Manhattan Project?

Or like Now, did they Just take a bit off the top of the Manhattan Transfer?

ori

/stream-of-consciousnesstwo/

Sun, 04/15/2012 - 02:03 | Link to Comment Michael
Michael's picture

Thanks for acknowledging one of my rare moments of clarity ORI.

Sun, 04/15/2012 - 02:07 | Link to Comment Oh regional Indian
Oh regional Indian's picture

:-)  OT or other-wise, in my book you usually call it Michael.

ori

Sun, 04/15/2012 - 02:36 | Link to Comment derek_vineyard
derek_vineyard's picture

i had a moment of clarity but i forgot what i visualized

 

http://www.youtube.com/watch?v=x8l37utZxMQ

Sun, 04/15/2012 - 02:35 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

no doubt there will be many encores

Sun, 04/15/2012 - 02:39 | Link to Comment Michael
Michael's picture

+1

Sun, 04/15/2012 - 03:02 | Link to Comment Michael
Michael's picture

You're just inviting complete and total economic collapse if you're not preparing as a nation for worldwide economic collapse.

I'm talking on the local level too.

Sun, 04/15/2012 - 08:48 | Link to Comment spanish inquisition
spanish inquisition's picture

http://www.lyricsfreak.com/l/leonard+cohen/everybody+knows_20082809.html

" Everybody knows that the dice are loaded Everybody rolls with their fingers crossed " ...

Sun, 04/15/2012 - 09:52 | Link to Comment JPM Hater001
JPM Hater001's picture

Everybody knows that the war is over
Everybody knows the good guys lost

Sun, 04/15/2012 - 10:03 | Link to Comment LeBalance
LeBalance's picture

please point out those "good guys."

oh...the idiots?

Sun, 04/15/2012 - 18:34 | Link to Comment AldousHuxley
AldousHuxley's picture

history has shown that good may not prosper time to time but they survive in the long run  over one hit wonder evil dictators.

 

because evil need good to stay in power. when evil kills all good, evil just becomes average.

 

 

Sun, 04/15/2012 - 10:58 | Link to Comment CoolBeans
CoolBeans's picture

Love the screen name.

Hate those bastards.

Sun, 04/15/2012 - 12:45 | Link to Comment toothpicker
toothpicker's picture

The war is far from over. It's constant. And to most: invisible

Sun, 04/15/2012 - 11:00 | Link to Comment derek_vineyard
derek_vineyard's picture

producing jobs must be brought back to the western world...but who the hell wants to do them for what they pay?

the most chosen alternate is to use miltary might to take goods we desire from other lands

but this shell game of corporate leadership and politicos basking in luxury is bull shit (look at google's power grab this week), absolute power corrupts absolutely----and borders means less and less as the 1% internationally unify against the global serfdom

aw, fuck it, their is no solution except wholesale revolution

Sun, 04/15/2012 - 08:19 | Link to Comment Gully Foyle
Gully Foyle's picture

Oh regional Indian & Michael.

Get a room girls.

Sun, 04/15/2012 - 11:44 | Link to Comment Meremortal
Meremortal's picture

Speak for yourself.

Sun, 04/15/2012 - 00:31 | Link to Comment Unprepared
Unprepared's picture

... and triple underligne the word "purported". The only wall I've seen is the building access card.

Sun, 04/15/2012 - 01:11 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Wall street is a rigged game, and always will be. The insiders will ALWAYS have better information than the outsiders, and they will ALWAYS figure out a way to act on it, no matter what regulations are in place. You'd have to fund the SEC with $100 billion a year before they would have a chance -- aint gonna happen.

CAVEAT EMPTOR.

Sun, 04/15/2012 - 01:51 | Link to Comment RECISION
RECISION's picture

The SEC's job is not to prevent insider trading.

The SEC's job is to ensure that outside agencies are not allowed to investigate corporate criminal activity.

 

Sun, 04/15/2012 - 08:57 | Link to Comment cossack55
cossack55's picture

I thought it was to download porn.

Sun, 04/15/2012 - 10:35 | Link to Comment Stuck on Zero
Stuck on Zero's picture

The job of every government regulatory agency is to protect the criminals from the public.

Sun, 04/15/2012 - 10:51 | Link to Comment Winston Churchill
Winston Churchill's picture

Exactly.Orwellian Newspeak.

Dept.of Labor =unemployment.

Treasury=Debt.

Etc..etc...

Sun, 04/15/2012 - 06:10 | Link to Comment stocktivity
stocktivity's picture

Exactly....for us small fries ....It's all Bullshit!

Sun, 04/15/2012 - 07:32 | Link to Comment BandGap
BandGap's picture

You assume Wall Street always will "be".

Giving the SEC more funding won't solve anything at this point. When even obvious indiscretions take forever to bring to light and be acted upon then the mindset for enforcement of the rules is all wrong.

Sun, 04/15/2012 - 08:22 | Link to Comment Gully Foyle
Gully Foyle's picture

Buckaroo Banzai

Everything is a rigged game, two people will always conspire to have an advantage over others.

That's human nature.

The problem is everyone knows this and still pretends there is "fairness" and "honesty" in the world.


Sun, 04/15/2012 - 14:14 | Link to Comment KickIce
KickIce's picture

The problem is a judicial system that allows it.

When all 3 branches work in concert checks and balances go out the window.

Sun, 04/15/2012 - 01:06 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Let me guess...  You think Akak is a smart guy in other contexts.

Sun, 04/15/2012 - 03:07 | Link to Comment zuuuueri
zuuuueri's picture

'chinese wall' is a common name outside the US for what in the us is usually called the great wall of china. it's often used as a term for some kind of strongly impassable barrier.  i'd think that even most people in the states would get the reference.

Sun, 04/15/2012 - 07:12 | Link to Comment Yes We Can. But...
Yes We Can. But Lets Not.'s picture

It is called Chinese in acknowledgement of it's flimsy, easily penetrated nature due to use of poor quality materials and workmanship. Think Chinese drywall.

Sun, 04/15/2012 - 08:26 | Link to Comment Gully Foyle
Gully Foyle's picture

Yes We Can. But...

https://en.wikipedia.org/wiki/Chinese_drywall

On November 23, 2009, CBS News reported that they had done a drywall study to compare American and Chinese drywall. Random samples of new American-made drywall in six U.S. cities, new Chinese-made drywall from China, and samples of drywall from five damaged U.S. homes were collected and sent to the University of Florida to be tested by a team of researchers led by professor Tim Townsend, a scientist and leading expert on the effects of drywall on the environment. The report results stated:

"As expected, the contaminated Chinese samples gave off high levels of sulfur gases. But all but one of the U.S. samples emitted sulfur gases, as well - not at levels as high as the defective Chinese product, but unexpected. Perhaps more surprising, "There were some American products that we tested that had higher emission than some of the new Chinese products that we tested."[20]
Sun, 04/15/2012 - 05:40 | Link to Comment blindman
blindman's picture

@"There is nothing more annoying than the flippant and casual use of obscure jargon.
"
.
it is a cream and cottage industry. it has become the law and is
just as repugnant and annoying, a post modern form of obscenity.

Sun, 04/15/2012 - 05:46 | Link to Comment Tompooz
Tompooz's picture

"Chinese Wall" . Another name for  the corpus callosum between the right-brain and the left-brain hemispheres of Wall Street squids.

Sun, 04/15/2012 - 06:25 | Link to Comment AnAnonymous
AnAnonymous's picture

(AnAnonymous, is this more of your creeping Chinese citizenism?)

____________________________________________

Indeed. That is my doing. I have that long arm reach.

Wooooo...

The excuses US citizens can invent to dilute their responsibility, what fantasy they are ready to accept.

Made me laugh.

Especially as a chinese wall is a direct derivated from one US citizenism concept: division of power.

But hey, it has to be alien. Cause there is the word Chinese in it, and Chinese citizenism, that fantasy, is what drives the state of the world and not the reality of US citizenism.

Sun, 04/15/2012 - 08:02 | Link to Comment WTFx10
WTFx10's picture

STFU

Sun, 04/15/2012 - 08:08 | Link to Comment prole
prole's picture

Your reach is long. You have bored people on two continents with your inane posts. Do you have a point? Do you get paid to post so you are not concerned with the empty content of your posts? Or are you on obsessed psycho, or should I say sicko, who studied and learned engrish so he could vent some weird hatred online against the source of all your hate?

You are basically an obsessed stalker. You are the online John David Chapman.

Sun, 04/15/2012 - 08:42 | Link to Comment AnAnonymous
AnAnonymous's picture

Empty content? Bored?

Because you as a US citizen can say nothing to destroy basic observations on US citizenism does not mean there is no content.

It simply means that true to your US citizen nature, you cant handle the reality just at hand and that you have to fabricate a fantasy world to mediate between you and reality.

Kicking the can... US citizens excell at that.

Just as the other US citizen who had to imagine an incredible excuse to cover for his ignorance (while google is your friend), you just have to project a fantasy on observations on US citizenism.

That one has to be a Chinese to report observations on US citizenism.

That is a matter of emotion (love, hate) and not rational analysis

US citizen nature is eternal.

Sun, 04/15/2012 - 09:38 | Link to Comment prole
prole's picture

I didn't read your post (nobody does) but I heard the suicide nets are down on the FoxConn roof for the next half-hour.  You can show the world your passion and dedication to your cause and get out your important message about blobbing and US citizenantics .. Now is not the time for hesitation!!

Sun, 04/15/2012 - 19:16 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

A2 has been certified by slewie

but, he won't hurt anyone and is also artistic

yeah;  he's out there

maybe he is like a sculptor, hammering away at a ginormous block of citizenism, covered in fine dust, ruining what is left of his health

apparently, it is a very unforgiving medium

Sun, 04/15/2012 - 21:39 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

The great artists are never appreciated in their own time.

 

Sun, 04/15/2012 - 22:43 | Link to Comment prole
prole's picture

Well either way- he's either jumped from the Foxconn Tower as a powerful geo-polictical statement on my suggestion, or he's stuck midway through his 58 hour shift with no bathroom breaks cranking out I-Pad3's ...(for us!lol) 

Either way we get a well deserved rest from his tiresome BullShit.

Sun, 04/15/2012 - 10:54 | Link to Comment CoolBeans
CoolBeans's picture

zzzzzzzzzzzzzzzzzzz

Sun, 04/15/2012 - 14:22 | Link to Comment Think for yourself
Think for yourself's picture

I think that you start wanting to make some kind of point but always get sidetracked in your rhetorical criticisms of US citizenism.

I believe that when you speak about US citizenism you talk about citizens under the 14th amendment - those who are assets of the corporation of the united states, rather than Americans. Is that correct?

If that's the case (or close to it) then you might want to revise your communication method,  maybe refer to it in other words, define it in ways that other people might understand. What you're doing now is constantly painting the picture in invisible ink that can only be seen by the glasses of the subjective, personal connotations embodied in the words you're using.

Anyways... sure, matrix-dwellers will use any cognitive dissonnance method available in the confirmation bias toolbox to convince themselves taking the little blue pill was the right choice and that there is still no need to take the red one. What's your point?

Sun, 04/15/2012 - 15:22 | Link to Comment Cathartes Aura
Cathartes Aura's picture

perhaps AnAnonymous uses "US citizenism" as a label that the majority within the "US" willingly adopt and apply to their existence - identifying with the imaginary nationstate created to pen & harvest those who can't image-in themselves as any Thing else.

as long as one is irritated by the harmless words, and then defends their status as US citizens, then the label apparently fits.

together with all the actions, globally, that US citizens impose.

Sun, 04/15/2012 - 12:04 | Link to Comment jwoop66
jwoop66's picture

Bravo, Prole!   I don't think you get it, though.  Anons posts aren't supposed to be coherent or logical;  You just read them fast and when you see "citizenism" you do a shot.    It's fun!

Sun, 04/15/2012 - 08:28 | Link to Comment Gully Foyle
Gully Foyle's picture

AnAnonymous

"But hey, it has to be alien. Cause there is the word Chinese in it"

Dude at least there is still Chinese food, unlike Freedom Fries.

Sun, 04/15/2012 - 07:38 | Link to Comment jblack010
jblack010's picture

In 1881, the Pennsylvania Railroad brought passenger service into the center of the city, and constructed the first Broad Street Station just west of City Hall. The sea of iron pillars holding up the PRR's elevated trackbed was replaced in the 1890s by a 10-block stone viaduct to the Schuylkill River. This created a block-wide barrier known as The Chinese Wall, cutting the western portion of the city in half and discouraging development there.

Sun, 04/15/2012 - 07:55 | Link to Comment Peter Pan
Peter Pan's picture

The motto of the financial industry can be best summed up as follows:

"Let us turn your money and our experience into our money and your experience."

Do I need to say more?

Sun, 04/15/2012 - 11:56 | Link to Comment smb12321
smb12321's picture

So what's different?  I've never thought of my financial adviser as my best buddy who stayed up nights worrying about my well-being.  I fully expect him to make money off my money.  If he doesn't I would have left long ago. The trouble is that ZH posters tar anyone in finance with the broad stroke of crony Wall Street players.  The Big Boys are to finance what Assad is to peaceful dialogue. 

I've been involved in two bank IPOs and the result is a slew of restaurants, stores and homes that would never have existed without someone willing to loan them money at a reasonable rate. 

Sun, 04/15/2012 - 18:46 | Link to Comment CoolBeans
CoolBeans's picture

Not to be disrespectful but I'd like to point out that a few folks have "junked" you perhaps because you're not getting it...the big picture.

Sun, 04/15/2012 - 08:39 | Link to Comment monkeyboy
monkeyboy's picture

Isn't it one of the few man-made structures you can see from space?

Oh that's another myth!

 

Sun, 04/15/2012 - 08:57 | Link to Comment DanDaley
DanDaley's picture

All of this abstruse neologistic obscurantism bugs me, too.

Sun, 04/15/2012 - 10:47 | Link to Comment CoolBeans
CoolBeans's picture

A "Chinese Wall" is primarily on paper (sadly) and a required section of an investment firm's policies and procedures.  As previously stated, its to prevent insider trading - and to secure sensitive trading data/research/insider knowledge but where that data escapes (either thru normal functions or by accident), the firm should have policies and procedures to secure the situation - by instituting trade black-outs, etc.  That's the "30 sec explanation".  I write 'em for firms - and are they studied and followed?  Most of the time if you quiz and entity - they can't tell you much about their very own policies - and as we have seen - many will do all they can to circumvent the "Wall".  

I'm sad to say after nearly 2 decades in the compliance biz - There are no real rules that apply to the large entities, it seems.  Regulators only seem to hammer the "little entities" and individuals - perhaps as a "show of force" but these large firms get away with serial trading acts -- and from time to time a regulator will fine them some trivial amount as if to show that they are really, truly regulating. 

I'd love to be a bug on the wall during the present-day large firm regulatory audits that go on these days.

Sun, 04/15/2012 - 13:22 | Link to Comment Diogenes
Diogenes's picture

It used to be that banking functions were separate by the Glass-Steigal law. The same financial institution could not trade stocks and make loans.

With deregulation it became legal to do both. This created a giant conflict of interest because the banking side had all kinds of inside information about who was getting a big loan, or was negotiating a takeover bid, or was in financial trouble etc. It was part of their banking function to know about their client's secrets.

This information is dynamite in the stock market. By trading on this inside information the trading side of the bank could make fortunes in illegal profits.

So, they created what are called "Chinese walls" that supposedly keep the two sides separate, and are not allowed to share secrets. This is supposed to reasure their banking customers that their confidential information will not be used against them, and their brokerage customers likewise that they will not be ripped off.

What he is saying is, come on, there are no "Chinese walls". It's all a fairy tale to sucker the public that they are not being rooked when in fact they are being rooked morning, noon and night.

Sun, 04/15/2012 - 14:28 | Link to Comment cbabykid
cbabykid's picture

how can you understand the concepts here without knowledge of basic concepts?

Sun, 04/15/2012 - 15:30 | Link to Comment toadold
toadold's picture

When ever I hit a new phrase or  acronym, I use a search engine to check it out usually BING because I've got a mad on over  Google's policies.   I've gotten into the habit because so many interest of mine inevitably lead to a cutting edge writers who will use short hand for common phrases.  GSR, FCG, FSB, NDC, ADC, FSB, and BCG are a few that I run into on AK-47 and other firearm blogs for example. 

Sun, 04/15/2012 - 00:03 | Link to Comment Perpetual Burn
Perpetual Burn's picture

In business, a Chinese wall or firewall is an information barrier implemented within a firm to separate and isolate persons who make investment decisions from persons who are privy to undisclosed material information which may influence those decisions.

Sun, 04/15/2012 - 00:05 | Link to Comment akak
akak's picture

Thank you.

A "firewall" is pretty well universally understood and established --- I don't know why anybody would feel the need to introduce yet another, and cryptic, phrase for the same idea.

Sun, 04/15/2012 - 00:18 | Link to Comment AllThatGlitters
AllThatGlitters's picture

akak nobody has "introduced" new jargon.  The concept of a Chinese Wall on Wall Street has existed for decades.  Nobody has ever really believed it existed, but the term "Chinese Wall" has been around for longer than probably 90% of the things discussed here at ZH.

Sun, 04/15/2012 - 00:48 | Link to Comment seventree
seventree's picture

What ATG said. Another historical and probably obsolete example of a Chinese Wall supposedly existed between the editorial and advertising divisions of a newspaper, to avoid temptation of  tailoring news coverage to please potential advertisers.

Also 'firewall' refers to a protective barrier against an outside threat, like a computer's antivirus defense. Originally referred to the barrier between a car's driver and a potential engine fire.

Sun, 04/15/2012 - 01:12 | Link to Comment WonderDawg
WonderDawg's picture

Look, bitchez, if akak hasn't heard of it, that makes it obscure, okay? So please, from now on, only use phrases that akak is familiar with. Let his vernacular set the boundaries for proper discussion here.

Sun, 04/15/2012 - 01:47 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

he doesn't understand chinese

Sun, 04/15/2012 - 06:19 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

wHo dOes,,,,???

Sun, 04/15/2012 - 09:13 | Link to Comment RECISION
RECISION's picture

ummm... 1.4 Billion people...

Sun, 04/15/2012 - 19:57 | Link to Comment Imminent Crucible
Imminent Crucible's picture

1.4 billion people understand Chinese? That's highly doubtful. That's like saying 306 million people understand what America is all about.

Sun, 04/15/2012 - 12:08 | Link to Comment jwoop66
jwoop66's picture

I never heard it, either.   Not in this context.  It's certainly not common.  So don't act like it is normal, everyday jargon; Your Brilliance.

Sun, 04/15/2012 - 12:47 | Link to Comment WonderDawg
WonderDawg's picture

So, your frame of reference is the standard, as akak believes his should be? As many posters above have cited, it's a commonly understood phrase in the context of the audience to whom the article was referring. Just because it isn't common to you, doesn't make it obscure. Rather than embrace a new phrase, one that reflects a paradigm that was previously unknown to you, and thus, and new insight, you want to cry because you've "never heard it, either"?

With that kind of closed mind, you'll be among the crowd screaming, "Nobody coulda seen it coming!"

Sun, 04/15/2012 - 20:03 | Link to Comment Imminent Crucible
Imminent Crucible's picture

Common polemical error. "Akak isn't familiar with it, so it's obscure". "I, WonderDawg have heard of it, so it isn't obscure."

We don't have a standard yet. All we have is "WonderDawg is certain he's smarter than akak." That proposition has yet to be confirmed.

"WonderDawg loves to argue and heap abuse on people". That one stands.

Sun, 04/15/2012 - 21:18 | Link to Comment WonderDawg
WonderDawg's picture

Common polemical error. "Akak isn't familiar with it, so it's obscure". "I, WonderDawg have heard of it, so it isn't obscure."

I hate to knock you off the pedestal upon which you've slithered, but you've made some inaccurate assumptions. I was not familiar with the term as used in this context, but I embraced it and learned something new. MY comment wasn't meant to degrade akak's limited understanding, but rather to point out that bitching about seeing a new term or phrase is kind of ridiculous, particularly on a blog of this nature.

"WonderDawg loves to argue and heap abuse on people". That one stands.

Again, false. I do call 'em like I see 'em, and if akak is acting like a bitch, I'll point it out. Just like I will point out that you will evidently create an argument based on false premises, and thus reach false conclusions, in this case indicating a limited ability to comprehend context unless it is spelled out for you. This leaves you open to have your ass handed to you by the person you've engaged in argument.

Wed, 04/18/2012 - 15:06 | Link to Comment Imminent Crucible
Imminent Crucible's picture

I love Fight Club. And thanks for making my point for me.

Sun, 04/15/2012 - 17:43 | Link to Comment Central Bankster
Central Bankster's picture

Maybe you don't read enough?  The term was immediately clear to me.

Sun, 04/15/2012 - 06:46 | Link to Comment Bendromeda Strain
Bendromeda Strain's picture

So, you take the Chinese Wall "internal division" and the Firewall "external division"... add algorithmic HFT and tranny porn addled regulators - et voila, you get modern markets, aka The Chinese Fire Drill.

Sun, 04/15/2012 - 08:35 | Link to Comment Zero-risk bias
Zero-risk bias's picture

My dictionary says, 'Chinese wall' alludes to the Great Wall of China, which was built to stop Mongolians invading, and probably other external forces. Like most walls, I guess, virtual or physical.

I think these guys are just employing subliminal semantics.

Sun, 04/15/2012 - 09:18 | Link to Comment RECISION
RECISION's picture

I understood it to mean the paper divider panels that were used inside Chinese palaces.

You could still see shapes and hear noises - but you were too polite, honourable and cultured to do anything like eavesdrop, or otherwise breach the nominal division.

Sun, 04/15/2012 - 09:29 | Link to Comment RECISION
RECISION's picture

Well...  you could see how that might work, somewhere that is honourable and cultured...

Sun, 04/15/2012 - 04:30 | Link to Comment Nukular Freedum
Nukular Freedum's picture

Is this the same as Chinese Wall Street?

Sun, 04/15/2012 - 11:50 | Link to Comment MrButtoMcFarty
MrButtoMcFarty's picture

Yeah....because the WOC has only been around a few thousand fucking years....and firewalls actually "exist"...

 

Cryptic like a douche bag.

Sun, 04/15/2012 - 00:13 | Link to Comment Squishi
Squishi's picture

aaaaaaaaaaaaaaaaaaaaaaaa chinese wall street

Sun, 04/15/2012 - 01:02 | Link to Comment putaipan
putaipan's picture

mmmmmm...assymetric alternative monagamy.

can i pull my fingers out yet?  

Sun, 04/15/2012 - 00:23 | Link to Comment Head_Shots_Work
Head_Shots_Work's picture

Been around since the late 1920's.

Sun, 04/15/2012 - 00:52 | Link to Comment SgtSchultz
SgtSchultz's picture

Gee, if only we had more laws then everything would be right with the world. The first 10,000 pages ain't cutting it.

Oh yeah, more alphabet agencies and agents as well.

In keeping with the theme, for your ZH entertainment: Judas Priest - Breaking the law

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

 

Sun, 04/15/2012 - 01:00 | Link to Comment i-dog
i-dog's picture

  "Gee, if only we had more laws"

LOL ... the solution offered daily by statists of all stripes....

Sun, 04/15/2012 - 05:18 | Link to Comment Freeman-S-Stratos
Freeman-S-Stratos's picture

Hey i-pup

Do you still think this is still a case of "nothing to see here, move along please"?

http://americankabuki.blogspot.co.uk/p/131-resignations-from-world-banks...

http://www.facebook.com/MassResignations/app_2374336051

 

No smoke without fire!

 

p.s.

Rule #1... there are no rules!

 

 

Sun, 04/15/2012 - 06:40 | Link to Comment i-dog
i-dog's picture

"Do you still think this is still a case of "nothing to see here, move along please"?"

I said no such thing. What I said was that, IMO, Wilcock's and Fulford's narrative is misdirection and a cover for a lot of bankers disappearing later in the year to their underground bunkers. This story is astroturf (or a signal to the bankers to get their suitcases packed).

I don't believe there is "nothing to see here" ... quite the opposite: there is something to see, but not what you are seeing and Fulford is claiming!

As I pointed out previously, none of the Bilderberg or Trilateral Commission bankers have been arrested or dismissed - not even Corzine or Blankfein (who are the only Bilderbergers on that list, apart from a half-dozen who retired through old-age).

The names on those lists are just normal turnover in an industry with hundreds of thousands of senior employees throughout the globe (particularly in a period where many cutbacks have been announced in the financial services sector).

Sun, 04/15/2012 - 01:07 | Link to Comment putaipan
putaipan's picture

mmmmmmm. tide balls .

Sun, 04/15/2012 - 04:21 | Link to Comment SgtSchultz
SgtSchultz's picture
Pilfered Tide Detergent a New Currency?

http://www.usnews.com/news/articles/2012/03/14/pilfered-tide-detergent-new-drug-currency

 

Once Goldman starts handing out Tide for bonuses (or when the Tide iShares ETF make their first appearance) , look out below.

Sun, 04/15/2012 - 08:32 | Link to Comment Gully Foyle
Gully Foyle's picture

SgtSchultz

Old news.

I do notice that no one mentions perscription drugs as a currency.

Still, more relevant than the year or two old shit posted  about Blacks attacking people somehow to discredit the reporting on Zimmerman.


Sun, 04/15/2012 - 09:50 | Link to Comment Charles Wilson
Charles Wilson's picture

Plz see James Blish's _Cities in Flight_.  The Germanium standard is replaced by the Anti-Agathic standard since the anti-death drugs are much more valuable than germanium.

 

CW

Sun, 04/15/2012 - 00:42 | Link to Comment Waffen
Waffen's picture

A problem with America is that the majority/anglo/eurocentric people believe that others are good, honest and just (like they believe they are). They however forget that those in power, finance, and media are not the same(especially a particular 2.1%). They believe it is ok to lie, cheat and steal from the public.  In fact many of them follow a religion that encourages lieing, cheating and stealing from the non chosen(as written in their most holy text the talmud).

 

Now put these people in a position where they monitor themselves? its laughable.

 

The eurocentric public has a high degree of empathy, this makes us very vulnurable to psychopaths, corporate psychopaths and races that have a lack of empathy for other races.(especially when their religion gives the stamp of approval for it).

empathy by race is scientific

http://www.sciencedaily.com/releases/2010/04/100426182002.htm

 

 

 

 

Sun, 04/15/2012 - 01:56 | Link to Comment Ungaro
Ungaro's picture

A cogent and accurate remark that broadens our understanding. Well done, Waffen. I like it almost as much as your avatar. I do not agree with the racial classification. I have dealt with many upstanding and horonable people of integrity who happened to be ethically Chinese, Japanese, Korean, African American, etc. There are as many gonefs among these as they are among various European or American, catholic or jewish, whatever.

The real distinction appears be sociopaths vs. prey. I am in the Philippines right now and you would be amazed how an entire population (I am having difficulty calling it a "culture") has been conditioned to proudly occupy the second. It seems to be happening in the US and in Europe as well, but it is far more pronounced here (or perhaps beguilingly subtle elsewhere). 

Sun, 04/15/2012 - 06:22 | Link to Comment AnAnonymous
AnAnonymous's picture

Circonvolution.

US citizens feel empathy because they know anchors and the rest are just like them.

That is why they feel empathy.

Nothing to do with fancying others as good, honest etc

There is no discontinuity between a US citizen elite and its base.

When they see a person on the screen, US citizens want to see themselves. They do not want to see somebody else.

It is a trick overused by Hollywood. Hollywood do not tell stories. Hollywood send images of representations of US citizen people.

If indeed US citizens saw something else than themselves in the tv show guests and hosts (and the rest), those TV shows would have no audience.

US citizen nature is eternal and such is US citizen eternal nature.

Sun, 04/15/2012 - 08:00 | Link to Comment WTFx10
WTFx10's picture

STFU

Sun, 04/15/2012 - 08:51 | Link to Comment Gully Foyle
Gully Foyle's picture

AnAnonymous

"When they see a person on the screen, US citizens want to see themselves."

That's why Hwood turns far superior foriegn film and television into shitty US audience based remakes.

Even when they are from the UK.

That's why we have foriegn actors assume American accents.

We just can't stand the outsider.

Would it make a difference if Anna Torv or Simon Baker used their native Aussie accents? Would House be any different if Hugh Laurie spoke with his native tongue?

We are Xenophobic assholes in the US, we hate and fear anything different. Thus the love for generic eateries such as McDonalds and KFC.

 

 

Sun, 04/15/2012 - 12:15 | Link to Comment jwoop66
jwoop66's picture

Usually the accent would help in those roles.  There is a shitload of brits and aussies doing american tv.   I believe if they didn't use american accents, 3/4's of tv shows would sound british.  Not bad, but odd here in the US.   The bigger question I think is why do so many british and Australian actors need to come to this country to work?  Their home countries are far superior, socialist govts where everything(education, diversity, fairness etc.) is better.   Shouldn't the opportunities be better for an actor(or anybody) over there?

 

Citizenism!

Sun, 04/15/2012 - 15:46 | Link to Comment Cathartes Aura
Cathartes Aura's picture

who owns the majority of televised networks?   and who has the largest "movie industry"? (money-financed)

homegrown media exists outside of "major" networks, and is consumed by locals (witness Bollywood cinema) - but there still exists a massive machine that sucks in those who desire to identify with its audience - fame & money, every "business" works towards these outcomes, even "human" ones.

Sun, 04/15/2012 - 08:35 | Link to Comment Gully Foyle
Gully Foyle's picture

Waffen

"Eurocentric"? Fuck dude just say White people.

"corporate psychopaths and races that have a lack of empathy for other races."

Just say Niggers, Spics and Kikes. No need to hide, we all understand what you mean.

 

Sun, 04/15/2012 - 08:53 | Link to Comment Gully Foyle
Gully Foyle's picture

Aww, Waffen has a fellow White power flunky who junked me. Isn't that cute.

You know though only the Blue eyed Nazis got the plum jobs.

Sun, 04/15/2012 - 10:29 | Link to Comment prole
prole's picture

Are you perhaps reefering to the federal policy of "No White Men need apply?"

Sun, 04/15/2012 - 15:47 | Link to Comment Cathartes Aura
Cathartes Aura's picture

and yet "White Men" are the majority employed, particularly at the "top" pay scale.

boo hoo.

Sun, 04/15/2012 - 22:33 | Link to Comment prole
prole's picture

I see you are calling Wolfowitz, Wolfenstien (Wtf is that CNN/Mossad anchors made up name? wolfenhamer? I forget Bebowolf? Shalomowolf?) Pearl, Shalom Bernanke, etc etc all made up names, LLoyd, Jon, you call them --"White" hint- they aren't european descent, they are "semites" or Middle Eastern Descent, and like you said, they occupy the top pay scale, and insure that precious few Europeans are allowed in, hot chicks yes, they like their shiksas secretaries for the perks, but their men need not apply. As I said, and you refuted (with a lie, natch) It is no sin to lie to a goy.

Mon, 04/16/2012 - 01:35 | Link to Comment Waffen
Waffen's picture

I see someone picked up on why I did not say "white" as many confuse Semitic and the Ashkenazi Jews(khazars) as "white" atleast as far as white means racially European as we think of it.

Sun, 04/15/2012 - 12:21 | Link to Comment jwoop66
jwoop66's picture

I didn't get the same "racial" feel from Waffen's statement that you did.  Don't see it.  Just sounds to me like the "enlightened"  American attitude that knows americans are more gullible and easily led then the other genius countries/cultures of the planet. 

Gully,  you one of those people that thinks it's OK to call a british person a "brit",  But flys off the handle with rage and righteous indignation when someone calls a japanese person a "jap"?     

Sun, 04/15/2012 - 10:22 | Link to Comment itstippy
itstippy's picture

Lying, cheating, stealing, and general lack of integrity is not a racial or socio-economic trait.  A certain percentage of any population are opportunists who have no understanding or respect for personal integrity.  In fact, they view honest folks as naive, easy marks who are "asking for it".

I cut and stacked a face cord of firewood and left it at my rural hunting shack so it would be there for deer season.  It got swiped by some lowlife. 

I put a basket of Snickers bars out on Halloween with a note for each child to take just one so there's enough for everyone. Some kid dumped the whole basket in their bag.

A North Dakota wheat farmer left a cash balance in his account at MF Global and The Honorable John Corzine helped himself to it.

It's a jungle out there.  A lot of folks think that if they can pull some shit and not get caught, they did something clever and "got away with it".  It sucks, but that's reality.

 

Mon, 04/16/2012 - 02:29 | Link to Comment Marc_W
Marc_W's picture

All humans are garbage.  Once you believe that then you will understand the perspective from which the elite operate.  They're simply ahead of the game and free from the restrictions of slave morality.

Sun, 04/15/2012 - 11:48 | Link to Comment smb12321
smb12321's picture

If Americans are so suseptible to psychopaths how can one explain our history of liberty?  (Please, no idiot comments alleging we are a slave camp, etc.  The fact that posters can slander, denigrate and threaten our leaders without worry speaks volumes.)  Americans are mainly traditionalists who vote for a candidate and not an ideology which is why Europe considers us hopelessly practical, commone sense and rough.   

Americans ARE generous and well-meaning which is why they fall for those who mouth nice things. Do we want starvation, illiteracy, homelessness and a lack of medical care?  Just vote for me and your problems will be solved and by the way, the nations ill also be bankrupt.

Sun, 04/15/2012 - 15:46 | Link to Comment James
James's picture

Those vile bastards aren't leaders.

Opportunists?

 

Sun, 04/15/2012 - 16:31 | Link to Comment smb12321
smb12321's picture

Like it or not, that's who we elected. The alternative to accepting the sometimes  regrettable choices of the electorate is an authoritarian state.  I'd rather suffer a few fools (after all, they are simply you and me) than explain to voters why their choices are not "good" and should not be allowed.   One notices a deep "damn the voter's choice because they are not informed or as smart as I am" that while understandable is also worrisome. 

My read of American history says that we are, in the end, a practical people who usually get it right. 

Mon, 04/16/2012 - 02:30 | Link to Comment Marc_W
Marc_W's picture

You are a stupid mother fucker.  I am fully aware of the totalitarian surveillance based American police state and I have been victimized by it.  I am only as "free" as my technological means allow me to be.  If I were posting this from an IP address attributable to my identity it would be data mined and added to my government maintained profile.

 

You are fucking ignorant of the state of totalitarianism in the fascist Anglo police states.

Mon, 04/16/2012 - 04:18 | Link to Comment bharat
bharat's picture

30 up clicks for anti-semitism? Wow.

Sun, 04/15/2012 - 00:45 | Link to Comment DormRoom
DormRoom's picture

Watching Joe Kernan break Andrew Ross Sorkin balls everday is hilarious.. One of these days they are gonna cage-match on air, and Sorkin is gonna giver Kernan a Jew-fu beat down.  and I'm gonna looooooooooooovve it.

Sun, 04/15/2012 - 01:08 | Link to Comment ebworthen
ebworthen's picture

Joe Kernan isn't a bad guy just not the sharpest tool in the shed.

Can't wait for the next crash to see all of them try to explain it.

Sun, 04/15/2012 - 06:15 | Link to Comment stocktivity
stocktivity's picture

Kudlow and Cramer will explain it for them...ha

Sun, 04/15/2012 - 11:03 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

maybe better get that hull scraped, eb

MSM barnacles

where's that young diver chick when you need her?

Sun, 04/15/2012 - 16:13 | Link to Comment ebworthen
ebworthen's picture

I get it for free and leave it on as background noise but the subliminal sounds and images must be infectin' me!

Thanks slewie, send that young diver chick right over, CNBC barnacles in the brain pan or crabs on the crotch apparently.

Sun, 04/15/2012 - 16:43 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

she uses a hose & regulator like an urchin diver, eb

tyler has her hooked up to a compressor trade...

Sun, 04/15/2012 - 12:26 | Link to Comment jwoop66
jwoop66's picture

Sorkin??!! Where did he come from?     What does his father or uncle do at the network?   That, I suspect is how most media is.    Nepotism and incest, Baby!    Nice how they are so closely tied to politics.   

Sun, 04/15/2012 - 00:55 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 I thought GS made money every day becuase they were smart , the best and the brightest, hard working, industrious, and good family men.

 

 Was I mistaken?

Sun, 04/15/2012 - 07:22 | Link to Comment ziggy59
ziggy59's picture

Not mistaken..you left out doing G-d's work. ...And they are being rewarded perhaps

Sun, 04/15/2012 - 01:05 | Link to Comment ebworthen
ebworthen's picture

Dipshits believing that the old U.S.A. isn't being comletely sold out by crony capitalists, socialists, and mammon lusters for nothing more than CA$H.

DUH.

Your country and your belief and dreams have been SOLD for almighty mammon you dopes.

If you aren't up in arms yet you should be.

Figure it the fuck out dreamers.

Sun, 04/15/2012 - 02:02 | Link to Comment simonsito
simonsito's picture

what about that highly fluctuating "BID" in the first seconds of the video? that looks not like its supposed to be as far as I am concerned. isnt that blatantly ridicolous for a shop like this thats in the business of peddling this market to Joe Sixpack? Have they thrown the towel pretending theres no crazy robots around in their beloved stock markets?

Sun, 04/15/2012 - 02:14 | Link to Comment suckerfishzilla
suckerfishzilla's picture

JPM is down 3.6%.  Are they still fully valued?  I wonder. 

Sun, 04/15/2012 - 05:19 | Link to Comment Zero Govt
Zero Govt's picture

down another -96.4% to reflect fair value

Sun, 04/15/2012 - 02:33 | Link to Comment anonum
anonum's picture

Trust a banker.
Trust politicians.
Trust MSM.
And trust a convicted paedophile to babysit your two preteen daughters over the weekend, while you're at it.

 

Sun, 04/15/2012 - 08:41 | Link to Comment Gully Foyle
Gully Foyle's picture

anonum

New studies say Pedophiles aren't recidivists like the others on your list. Most were sexually abused as children as well. I doubt those others listed were serially robbed as children.

And a large number on the Pedophile list are placed there for things like having sex with a younger gf, when they just turned 18. Basically a mistake of love.

Something again which differentaites them from the others on your list.

So, you are probably safer inviting a Pedophile into your home than a Banker, Politician, or MSM. Even though  many are also included, but not convicted.



Mon, 04/16/2012 - 02:34 | Link to Comment Marc_W
Marc_W's picture

Not to mention the whole notion of "pedophilia" is a modern construct.  Throughout the bulk of human history nobody really cared what you did with your children.  There was no accountability and there were on consequences.  It is only in the modern technological police states that this "pedo-mania" has become prevalent.  This was true as recently as a few decades ago, world wide.  The modern anti-pedophile crazy is pushed primarily as another means of punishing "abberant" behavior and solidifying social control for the elite.

Sun, 04/15/2012 - 05:07 | Link to Comment ViewfromUnderth...
ViewfromUndertheBridge's picture

This is news? Chinese Walls have always had chinks...

Sry.

Sun, 04/15/2012 - 05:16 | Link to Comment Zero Govt
Zero Govt's picture

"There is no Chinese Wall. Please. Come on. This is Wall Street.

Classic

....give that man a Nobel Prize for taking regulation forward 3 decades in 1 simple statement

...set your clock for 20 years ahead for Wall Street regulators to catch up ..."the horse has bolted, damn, we missed again!"

Sun, 04/15/2012 - 05:27 | Link to Comment WAMO556
WAMO556's picture

Look, as a matter of speaking plainly, so that there is no misunderstanding and trying to figure out WTF you just said, becuase in my gun club, using colloquialism's or offhand vernacular where the reciever gets to interpret what you just said, will get your ass beat.

I for sure, don't like others trying to interpret what it is I am saying. So, if you are going to use vernacular, then you get all of the privates together, tell them what the new codewords are of the day, so that everybody is on the same sheet of paper.

So here I am sitting and reading this, when it finally gets me that perpetual burn and akak is spot on. Who gives a rats spit about a fucking useless wall in China???!!! It didin't keep the barbarians out! WTF!!!                                                                                                                                      

Sun, 04/15/2012 - 05:30 | Link to Comment WAMO556
WAMO556's picture

Right, for got to add:  And the Chinese Wall didn't keep out the barbarians on Wall Street. EITHER!

Sun, 04/15/2012 - 10:42 | Link to Comment itstippy
itstippy's picture

"...in my gun club, using colloquialism's or offhand vernacular where the reciever gets to interpret what you just said, will get your ass beat."

You and the gun club posse will physically beat someone for using unfamiliar words or phrases?  Face assault & battery charges, court appearances, medical bills, etc. because a guy uses the word "rehypothicate" and you don't know what it means?

Ya'll understand the word "bullshit"? 

Sun, 04/15/2012 - 14:22 | Link to Comment Lednbrass
Lednbrass's picture

Whether he was speaking literally or not is one thing, but you do realize that there are people and places where losing a fight doesnt mean that someone goes crying and sniffling to the law, yes?  Now granted, fighting a guy at your gun club may be a good way to get yourself shot but thats a separate issue.  Ive belonged to a few and disputes are rare, everybody being armed tends to enforce polite dialogue.

It isnt necessarily correct to project the abject effeminate pussyism of urban/suburban males onto the rest of the population.  This is what happens when a generation of young males is taught that running to the teacher because Billy shoved you is the answer instead of just parking little Billy's nose on the side of his head.

 

Sun, 04/15/2012 - 15:36 | Link to Comment itstippy
itstippy's picture

I've had my ass beat more than once.  It hurts like Hell.  Ass beatings result in loose teeth, bruised ribs, black eyes, busted kneecaps, etc. to both parties.  If anyone intends to beat my ass they'd better be prepared to receive some damage themselves.  Often the cops get called, one guy goes to jail, and the other guy goes to the hospital for medical evaluation.  That's how ass beatings go down.

If by using the term "ass beat" he was referring to something other than an ass beating (bitch slap? verbal putdown?) then he's using a colloquialism I'm not familiar with and, according to his rules, deserves to have his ass beat.

The term "Chinese Wall" is not "fightin' words".  Anyone who claims they'd beat someone's ass for using such a term is full of bullshit.  They're compensating for their abject effeminate pussyism by being a tough guy on an internet forum board.

Sun, 04/15/2012 - 18:33 | Link to Comment CoolBeans
CoolBeans's picture

The first rule of Fight Club is...

Sun, 04/15/2012 - 06:20 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That's hilarious!

"That's what they decided to show us...."

Like the Chinese?

Ha!

Sun, 04/15/2012 - 06:31 | Link to Comment PaperBear
PaperBear's picture

Where is the tar and feather when you need it ?

Sun, 04/15/2012 - 06:46 | Link to Comment PaperBear
PaperBear's picture

American Kabuki Update… “594 Banker Resignations as of 4-14-12?

Can we hit 1,000 in the weeks ahead ?

Sun, 04/15/2012 - 07:07 | Link to Comment Freeman-S-Stratos
Freeman-S-Stratos's picture

i-pup will say this is mis-direction and that it is a signal that all the bankers are now going to their bunkers. I say if he'd do some research on t'interwebs then he may get to a point of beyond reasonable doubt. Absence of evidence is not evidence of absence!

 

Google 'Drake, mass arrests'.

 

Listen to some of the previous recent radio shows: http://freedomreigns.us/ALERTS.html

 

I know many people are still cynical. That's understandable considering the massive fraud that's been perpatrated against humanity for so long now, but... for every action there is an equal and opposite reaction. Karma's a bitch. Short NWO, Long Liberty!

Check this out... some of the new toys we're gonna get to play with: http://www.youtube.com/watch?v=lEV5AFFcZ-s

Sun, 04/15/2012 - 07:41 | Link to Comment WTFx10
WTFx10's picture

Resignations don't mean shit, Report when there are Banker obituaries.

Sun, 04/15/2012 - 08:16 | Link to Comment Caggge
Caggge's picture

Why would you put a comma after shit? Why would you capitalize Report? Why is Banker capitialized?

Please invest in a "Grammar for Dummies" book. They wrote it especially for you.

 

 

Sun, 04/15/2012 - 08:54 | Link to Comment DOT
DOT's picture

When referring to an instance of a word in text, please use quotation marks (eg. "Report").

You should try the Little Brown Handbook,within its pages you will learn that book titles are underlined or italicized.

Try to avoid being a "Dummy". Look-up the MLA standards, and good luck with your trolling ! 

Sun, 04/15/2012 - 14:05 | Link to Comment Caggge
Caggge's picture
Acronyms and Initialisms?

"Acronyms are formed by combining the first letter or letters of several words; they are pronounced as words and written without periods" (Alred, Brusaw, and Oliu, The Business Writer's Handbook). Examples: radar (radio detecting and ranging), COBOL (Common Business-Oriented Language), scuba (self-contained underwater breathing apparatus). "Initialisms are formed by combining the initial letter of each word in a multiword term; they are pronounced as separate letters" (Alred, Brusaw, and Oliu). Examples: e.o.m. (end of month), c.o.d. (cash on delivery), p.m. (post meridian). Usage guidelines:

  • "Except for commonly used abbreviations (U.S., a.m.), spell out a term to be abbreviated the first time it is used, followed by the abbreviation in parentheses. Thereafter, the abbreviation may be used alone.

When you quote standards from the Modern Language Association (MLA), it is a good idea to be in compliance with the MLA standards. Try to avoid being a "Dummy". Good luck with your trolling !

Sun, 04/15/2012 - 14:08 | Link to Comment DOT
DOT's picture

Thank-you.

Mon, 04/16/2012 - 00:59 | Link to Comment Caggge
Caggge's picture

As my friend WTFx10 would say "your, Welcome".

Sun, 04/15/2012 - 18:23 | Link to Comment CoolBeans
CoolBeans's picture

....Arrests!!

Sun, 04/15/2012 - 08:43 | Link to Comment Gully Foyle
Gully Foyle's picture

PaperBear

I'm more worried that we haven't seen bank failures at previous weekly rates.

The trend has been out of the South and West and into the North.

Does this mean there is less money to buy up the failures?

If there is less money, does that mean we will see bank closures?

Does it mean a shit load of people will lose everything they have?


Sun, 04/15/2012 - 18:22 | Link to Comment CoolBeans
CoolBeans's picture

Good point - as if someone / some entity has their finger in the hole to stop what should be a flood of failures. 

Sun, 04/15/2012 - 07:14 | Link to Comment EvlTheCat
EvlTheCat's picture

Telling talking heads, "if you do the work".

pffft... as if!

I love how they tried to railroad Whalen by talking over and around him. Fucking people don't have a brain between them!

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