Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else

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Thu, 12/08/2011 - 00:33 | 1957274 StormShadow
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Hmmm...time to build up a few more ARs and load some more cartridges. It's gonna get interesting real soon. God help us all

Thu, 12/08/2011 - 02:12 | 1957493 Mr Lennon Hendrix
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Damn it I just drank the last of my beer.

Thu, 12/08/2011 - 00:34 | 1957277 bill1102inf
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Canadian Real Estate is FUCKED, let me be the first to say "I TOLD YOU SO BITCHEZZ"

Thu, 12/08/2011 - 00:40 | 1957295 High Plains Drifter
High Plains Drifter's picture

but but but............you still have sprott..........

Thu, 12/08/2011 - 01:06 | 1957357 Ahmeexnal
Ahmeexnal's picture

Yes, some of us knew a while back Canadian real estate was a ticking time bomb.

Yet idiots like the archduke kept trolling about BC as the the place to buy land.

Haven't heard from his trolling in a while.

Thu, 12/08/2011 - 01:12 | 1957373 Lore
Lore's picture

I can confirm that. Several BC bubble centers are tanking.

Wed, 12/14/2011 - 19:50 | 1981063 Archduke
Archduke's picture

I hope you're not refering to me, cause if so you're a libelous lying fucktard.

I've said no such thing.  here have a look:  http://www.zerohedge.com/users/archduke/track

Thu, 12/08/2011 - 05:51 | 1957691 Sandmann
Sandmann's picture

but it is so much better than leaving your money in China.......the Canadians are much nicer Communists !

Thu, 12/08/2011 - 00:34 | 1957278 High Plains Drifter
High Plains Drifter's picture

oh if it was as easy as a mere default.........but they can't do it and there is a good reason for that........i wonder if the europeans understand what is going on there and here etc.  sounds to me like the 2 month vacation yearly thingy is about over for one thing, not to mention the comfy retirement packages.......etc.....

Thu, 12/08/2011 - 01:15 | 1957377 Ahmeexnal
Ahmeexnal's picture

Never mind the 2 month vacation.

They will get an unexpected early retirement....from life.

Thu, 12/08/2011 - 00:36 | 1957285 Madcow
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10,000 tickets have been sold - for a flight with just 100 seats. 


Thu, 12/08/2011 - 00:42 | 1957300 High Plains Drifter
High Plains Drifter's picture

ah, so when there is a hiccup in the mailout of government checks, do you think all of those north africans and turks  , libyans and arabs ,etc are going to be happy sitting in their government controlled section 8 housing , with nothing to do or eat?   

Thu, 12/08/2011 - 00:53 | 1957324 Potemkin Villag...
Potemkin Village Idiot's picture

Do bags fly free?

Thu, 12/08/2011 - 01:35 | 1957423 tictawk
tictawk's picture

no there are only 10 seats

Fri, 12/09/2011 - 00:25 | 1961849 pettolicious
pettolicious's picture

And no refunds, in fact, they've already allocated your fare into the bonus pool.   Thank you for frequenting Banksta Air.

Thu, 12/08/2011 - 00:37 | 1957288 Bansters-in-my-...
Bansters-in-my- feces's picture

"Cataclysmic collapse" Bithcez...!!! Allright...

They all be needing some liqsqiddity,

Thu, 12/08/2011 - 00:43 | 1957302 High Plains Drifter
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will that mean that nato runs out of money?

Thu, 12/08/2011 - 00:38 | 1957291 beenburnedtwice
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One of the more awe inspiring posts I've read on ZH in almost two years.   There's strange solace in the enlightenment.

Thu, 12/08/2011 - 00:44 | 1957306 High Plains Drifter
High Plains Drifter's picture

yes , it was . very enligtening and everyone in amerika should read it and ponder what it means...

Thu, 12/08/2011 - 01:34 | 1957419 Terminus C
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Hahahaha, 95% of America (or any 'developed' nation for that matter) would not understand anything past the first sentence.

Thu, 12/08/2011 - 01:38 | 1957431 Sockeye
Sockeye's picture

I have to agree.

Thu, 12/08/2011 - 01:46 | 1957446 HyperLazy
HyperLazy's picture

I am jumping in to say, I concur.

Thu, 12/08/2011 - 00:44 | 1957304 DormRoom
DormRoom's picture

omfg.. I just puked.. If rehypothecation allows primary dealers, and large institutions to effectively create 'synthetic' liquidity, we are soooooooooooooooooooooooo fucked.


Since it's 'synthetic liqudity' a collapse to real valuation would most likely be in a discrete gap.  Re-pricing could wipe hundreds of trillions of notional value in seconds. 


Bahahahah.. how the fuck do you money managers sleep at night.

Thu, 12/08/2011 - 00:45 | 1957308 High Plains Drifter
High Plains Drifter's picture

in cramerica there always is a market somewhere , so no, they don't sleep much........

Thu, 12/08/2011 - 01:12 | 1957372 palmereldritch
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Re-hypothecation...it's the new thermite!

Thu, 12/08/2011 - 00:45 | 1957307 Eireann go Brach
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How has that fucking parasite Jon Corzine not been beaten in public over the past month? US citizens should be given a Free Corzine pass, which allows citizens to have one free punch, whack with a bat, or kick in the nuts at Jon Corzine himself, if you happen to see him anywhere in

Thu, 12/08/2011 - 00:46 | 1957311 High Plains Drifter
High Plains Drifter's picture

did you read the regs?   he technically did nothing wrong. when he took money out of individual accounts. 

Thu, 12/08/2011 - 03:08 | 1957580 Kiwi Pete
Kiwi Pete's picture

Spot on. It's not theft if you signed away your collateral. I wonder how many clients realised what it actually means. Just bizinez!

Thu, 12/08/2011 - 01:28 | 1957406 azusgm
azusgm's picture

Has anyone seen him during that last month or so?

Thu, 12/08/2011 - 00:45 | 1957309 Yen Cross
Yen Cross's picture

I like that revolver idea, Tyler. I'll catch ya in late Europe.

Thu, 12/08/2011 - 00:45 | 1957310 Frank Owen
Frank Owen's picture

Articles should proof read before posting, not after. Too often I read an article on here and don't forward it because of spelling mistakes.

Thu, 12/08/2011 - 00:47 | 1957315 Tyler Durden
Tyler Durden's picture

Then don't forward it. Or perhaps you are one of those people who unfollows someone on Twitter but not before telling everyone you are unfollowing them?

The truth is nobody cares. Feel free to forward... or don't.

If you think grammar in this case is more important than the message then by all means go read a dictionary before bedtime.

Thu, 12/08/2011 - 00:54 | 1957327 samsara
samsara's picture

Bam,  Down

Thu, 12/08/2011 - 08:51 | 1957853 Barbarous Relic
Barbarous Relic's picture

Without exaggeration, this is the most eye-opening article I've read in my life.  

Looking forward to reading all the ass-covering 'we're ultra-conservative' statements by the banks, brokers, etc. - looks like IB got an early start.  Liquidity my ass, I'm more concerned with return-OF-capital than a bit of extra market liquidity.  Anyway, liquidity is just broker-speak for 'bigger bonus for me'.  

I'm transferring all my positions to a non-margin 'cash' account but I'm sure my broker will find a loophole and rehypothecate them from there, even though they pinky-swear they won't.  

This is the closest I've been to saying fuck it and piling everything into land and gold.

Thu, 12/08/2011 - 00:57 | 1957336 Potemkin Villag...
Potemkin Village Idiot's picture

He fancies himself as 'Doc Holliday'...


Thu, 12/08/2011 - 01:04 | 1957349 Frank Owen
Frank Owen's picture

I don't follow anyone on twitter. I've followed this blog for ages and am truly amazed you are defending sloppiness and basic spelling mistakes.

I point it out because I want to be proud of you, not read "unchanied" and grimace.

Thu, 12/08/2011 - 01:14 | 1957376 wretch
wretch's picture

Fuck you, Frank.

Thu, 12/08/2011 - 01:22 | 1957394 Frank Owen
Frank Owen's picture

Thanks, you wretched bag-licker. Sheep converted to bag-lickers... Interesting.

Thu, 12/08/2011 - 03:51 | 1957615 saulysw
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Frank has a fair point. It doesn't take much to spell check. A top site like this should do it as a matter of course.

Thu, 12/08/2011 - 09:56 | 1958050 Ruffcut
Ruffcut's picture

FO, is frustrated because he still can't figure out how to tie his dick into a knot.

Thu, 12/08/2011 - 19:15 | 1961083 terryfuckwit
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all the cooel guys an jels mispelting is cultural ant to be encuoraged

Thu, 12/08/2011 - 02:20 | 1957505 Zadok
Zadok's picture

Perhaps he would prefer charts and illusions of grandeur or at least illusions of control?

Thu, 12/08/2011 - 00:57 | 1957335 Joseph Jones
Joseph Jones's picture


Thu, 12/08/2011 - 00:58 | 1957337 Seasmoke
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i du nott agree witj yoou

Thu, 12/08/2011 - 01:10 | 1957368 Frank Owen
Frank Owen's picture

Good, sub-mitt an article. It will probably be axecepted.

Thu, 12/08/2011 - 01:44 | 1957441 Eireann go Brach
Eireann go Brach's picture

Frank...yur 350 pound sweaty fatt disgusting wife wuz gang banged by a donkey, a horse and a goat in a treveling circus before she met ur pathetic self! Can u make sure to proof read this for me?

Thu, 12/08/2011 - 01:53 | 1957460 Frank Owen
Frank Owen's picture

Good job Tyler, your followers have come full circle.

Thu, 12/08/2011 - 06:20 | 1957710 LeZinc
LeZinc's picture

I can't believe grammar ticks you so much when the message itself bears a death sentense for so many.

I wish you lots of good grammar to eat in the coming years.

Thu, 12/08/2011 - 23:43 | 1961756 Almost Solvent
Almost Solvent's picture

Like, umm, you know what I'm saying, right?

Thu, 12/08/2011 - 02:10 | 1957491 New World Chaos
New World Chaos's picture

You left out the word "be" before "proof read".

Do NOT follow this link or you will be banned from the site!