iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Closing Comments (in video)

Long live iBC.

[youtube:http://www.youtube.com/watch?v=cH-K3MU7-fA 450 300]

“The Fly” wins again.

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99 comments

  1. Gio

    bonzai!

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  2. 4fl3x

    You Won!!!

    Game Ovah

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  3. El Tiberon

    Anyone determine if people are allowed to stay in their houses do banks get to change how the mortgage assets are treated on bank’s balance sheets? Are they still carried as bad debt?

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  4. White Squall

    Long Live The Fly.

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  5. Ward and June Cleaver
    Ward and June Cleaver

    We have information to believe that it was Eddie Haskell who caused the virus and malicious trojan on the computers.

    Wait a minute. What’s a computer?
    Is that like our Philco console B&W TV (with real big rabbit ears so we can pick up public TV for the BEAV.)?

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  6. Jakegint

    Shall I call you “Wallace?”

    ______

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  7. Employee8

    I must be getting complacent …. feels like a successful day now when we close down 175 rather than down 250 or more … Thanks Mr Market!

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  8. DEVILDOG

    Damn, even a TARP for no more mortgage foreclosures for one and all can’t hold S&P 900. I guess they will have to announce that TARP for the big 3 and throw in the homebuilders and retailers too.

    Hey GENERATIONAL Bottom, you’re about to die.

    New lows by 11/19. Odd no?

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  9. CAP

    FLY I never sucked my cock you muddafuckka ! Why are you always accusing me of sucking my cock ?

    Am I seeing things right or was volume today abysmal ? Less than 100 mil shares traded on the Qs ? You gotta be kidding me.

    LVS and DRYS appear to be headed for zero. I am going to Vegas this weekend and staying at the Palazzo. Hopefully LVS doesn’t file BK before then.

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  10. Left Wing Loon

    With any luck, the Messiah’s first act will be to legalize drugs. A sane man needs to be in a drug induced haze to endure this bear market shit.

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  11. Donny

    I’m off to Vegas this weekend too. I need a drunken bender to help me understand this fucking stock market a little better.

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  12. ok, now what?

    DD,
    Life lesson of the day.
    Repeating something over and over does not make it come true.
    Odd no?

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  13. Rodney Dangerfield
    Rodney Dangerfield

    If it was really that dope on a rope in the shower guy who hacked the site I’ve got some italian guys that not only will disintegrate his website but hack his broikerage account too.

    Please let me know and I will contact the appropriate italian job guy.

    On a lighter not my wife has me eating soy dogs now 🙁

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  14. DEVILDOG

    ok, now what, you need to learn patients. I said 11/19.

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  15. Thunderpup

    When this hits 90:

    finance.yahoo.com/currency/convert?from=USD&to=JPY&amt=1&t=3m

    We’ll be at a short-term bottom.

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  16. CAP

    Donny – Maybe I’ll bump into you in Vegas. I’ll keep a look out for the greasy haired guy decked in a florescent shirt unbuttoned to the navel, gold chains and a rolex.

    I’ll be at Tryst or Tao on Saturday . The muscled stud with porno type 10s on both arms.

    People ask how I score the 10s in Vegas. Easy. Walk up to the hottest chick and ask them if they will sleep with you for a million bucks. Proceed to whip out your check book while telling them this. Most chicks will no doubt say yes (in an indirect sort of way). Then proceed to ask them if they will sleep with you for 20 bucks. They stare back at you and shoot you with a “What do you think I am, a hooker ?” My reply “I think we have already determined that. Now we are just negotiating the price”

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  17. Thunderpup

    If that doesn’t work, CAP, do you tell them you can suck your own cock?

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  18. ok, now what?

    Yes, 11/19. We got that the first 150 times.
    Answer this please.
    -What odds/probability to you put you “prediction” at? 75%, 90%, etc. Do you have any idea?
    -What are the odds/probability you are wrong? IE, what odds are you giving “chance”?
    -What happens to your account if you are wrong? How leveraged are you on this “belief”?

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  19. hammer

    You do know he got his head cut off in the end?

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  20. Yossarian

    Thunderpup Says:
    If that doesn’t work, CAP, do you tell them you can suck your own cock?

    LOL

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  21. Employee8

    hammer …. The guy in the video or DD?

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  22. DEVILDOG

    300% right.

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  23. DEVILDOG does Barney Frank
    DEVILDOG does Barney Frank

    “Patience”, you fucking idiot. You are a “patient” though. A mental basket case.

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  24. ha

    I just realized that IBC’s Birthday is on 11/11…. HA! 11:11!!!!!!!!!
    Isn’t that like some weird interdimentional travel numerolical thing?

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  25. Thunderpup

    $20 and 20 minutes later in a vegas motel:

    http://www.youtube.com/watch?v=gsJI8PnI5EA&feature=related

    Copyright CAP home video.

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  26. Jakegint

    ok, now what, you need to learn patients….

    So, like, what?

    He’s a fucking doctor, now?

    _______

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  27. Jakegint

    11/11 is Veteran’s Day.

    It’s Fly’s tribute to his Grandpa.

    Show some fucking respect.

    _____

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  28. mdawsz

    The End.

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  29. Donny

    CAP … let me see if I get this right. You’ll be the “muscle stud” at “Tryst or Tao” with two “promo 10” inchers on each side. Oh, I see, tag-team style. You take balls across the chin as other ram rods your ass into an oblivion. Right?

    You filthy fucking fagot .. you come near me, and I will break your fucking face.

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  30. Jakegint

    Sawzall, that’s a popular clip. Second time today.

    ____

    Have you read Lewis’s book on the kid from Memphis? Highly recommended.

    _______

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  31. Jakegint

    People ask me:

    “Why is it you like Donny and Gappy best out of all Fly’s visitors?”

    The answer is, I really think they may be as crazy in real life as they are here.

    Are you sure you guys aren’t related?

    ______

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  32. Jakegint

    BTW –

    Where the fuck is my Sinatra clip?

    I figure I’m due a slew of ’em, right through February, minimum.

    ________

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  33. Analysts are idiots
    Analysts are idiots

    Is this not surreal:

    Jacobs Engineering-JEC upgraded to Outperform from Neutral, Credit Suisse views JEC as a high quality name given the quality of management, execution track record, and relationship business model. Target to $45 from $93.

    Who in the fuck upgrades a company but cuts the price target in half ? How can this guy have any credibility in the future ? How in the fuck can he show his face in the office after doing something this stupid ?

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  34. Dr. Incognito

    I’m sorry, the patients could not be saved.

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  35. CAP

    DONNY- FUck you. 10 as in chicks you rate 10 out of 10. But only a sick fucker like you would think of 10 inch cocks.

    You need glasses or something. Oh wait, you’re on welfare and can’t afford health insurance.

    And you can’t break my face. I’m 6’1″ and you’re 5’2″ at best. The most you’ll do is tickle my chin.

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  36. Thunderpup

    2 hours later, CAP still waiting for his $20 worth and all she wants to do is dance:

    http://www.youtube.com/watch?v=Qdrp5MttTcw&feature=related

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  37. soicysoicy

    happy bday fly & teamsters

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  38. ZenProfit

    Everyone’s fav Bill Miller’s CEO on Fast Money. What a dork.

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  39. Rodney Dangerfield
    Rodney Dangerfield

    Where is Aunt Jemima when you fucking need her.

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  40. Jakegint

    The most you’ll do is tickle my chin.

    With his ballz?

    _________

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  41. Gwar

    FLY

    Would you question what’s in a McDonalds Burger if it was the first McDonalds to open and you’ve never been there?

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  42. DPeezy

    Everybody, put your dicks away.
    I’ve uncovered Chrysler’s secret plan to save themselves and the economy:
    http://cache.gawker.com/assets/images/jalopnik/2008/11/Dukes-Challenger.jpg
    Because everybody wants to be like the Duke boys.

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  43. Thunderpup

    6 hours later, drunk on Gordon’s Gin, CAP finally gets satisfaction when the hooker agress to dance while he sucks his own cock:

    http://www.youtube.com/watch?v=Qdrp5MttTcw&feature=related

    Copyright CAP Home Videos, the lost episodes.

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  44. Q4

    Braveheart – classic

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  45. DEVIL DOG'S gay lover
    DEVIL DOG'S gay lover

    how do you feel after our sausage swordfight party last night and when are we going to do it again?

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  46. Q4

    James Horner – http://www.youtube.com/watch?v=xuUE_BWwxjA

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  47. The next day with CAP and his new “friend”…

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

    Copyright CAP Home Videos, the lost episodes.

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  48. CAP

    Thunderpup,

    Is that your mother in those videos ? Tell her I left the quarter on the bedside table.

    BTW The paternity tests came back negative. I’m not your dad. Only another 783 tests to run before you find your dad’s true identity. I suspect it might be that someone on that minor league baseball team. Your mom had a wild time in the locker room.

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  49. mrkcbill

    T-Pup…. She is so ugly that she is kind of Hot.

    “If that doesn’t work, CAP, do you tell them you can suck your own cock?”

    Best line in weeks!

    +1

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  50. no dogs allowed

    He’s ruining your site, fly. Dog is wrecking it.

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  51. The Fly

    Dog enhances it.

    It is quite fun to see him vanish when the market rallies, knowing full well he has been debanked.

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  52. j

    Yes, look how excited he becomes when he sees a red screen. He’s almost orgasmic thinking about the fact that he may take his dad for 10% of the winnings.

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  53. malaka

    I have a dog in my office he started as a rottweiler and is now toned down to more of a white poodle with a pink bow. You know who i’m talking about ha ha ha should have listen fool damn fool.

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  54. j

    Anyone know what the burn rate for GM is?

    Fly, why do you think their bankruptcy would be such a problem. It would get the union monkey off their backs, they could recap without the shitty legacy pensions etc. and they could start making decent cars as they would actually have money to spend on R&D.

    GM’s bankruptcy should be applauded when it happens.

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  55. Thunderpup

    It all fits together now. CAP has “mommy issues” from when she taught him how to jerk off and suck himself, as this video from his Vegas adventure shows. (Note hand movements at 0:12)

    http://www.youtube.com/watch?v=Qdrp5MttTcw&feature=related

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  56. j

    Dog

    Let’s bet, if it doesn’t happen on 11/9 will you fuck off this site and never come back? How about that bet, Dogbreath?

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  57. The Fly

    J:

    Wall Street is riddles with GM paper. And, in bankruptcy, GM can stiff their parts suppliers, putting them into receivership too.

    GM bankrupt=industrial crisis.

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  58. Damon

    “Shattered”

    “…To live in this town, you must be tough, tough, tough, tough, tough, tough, tough…

    You got rats on the west side, bed bugs uptown…..go ahead, bite the big apple, don’t mind the maggots…”
    – The Stones

    Did I tell you guys I made $22.00 gross profit on my F ord trade??

    MOS is going to $48.97 sooner than later.

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  59. Thunderpup

    T-Pup…. She is so ugly that she is kind of Hot.

    CAP’s “mom” is available for your office Christmas Party. Imagine how it would be enhanced by this:

    http://www.youtube.com/watch?v=vQbjAiu865A&feature=related

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  60. j

    Not necessarily fly. The bankruptcy judge could manage that process pretty easily, by ensuring the parts suppliers get paid while everyone else gets in line.

    The idea is to get the fucking union off its back once and for all and recap. I’m convinced they would be able to get recap money if the legacy shit was all in the background.

    Foreign car firms do well in the US- in fact they were breaking their backs to set up there in the 90’s because US workers are quite productive.

    A new recapped GM working on the same basis as the foreign firms could do very well.

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  61. The Fly

    Butthen you have to deal with the reality rgar GM’s cars suck.

    GM bankruptcy guarantees a Chysler, F bankruptcy too.

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  62. j

    Fly

    Their cars suck because the oldsters are bleeding the firm dry and they can’t spend a dime on R&D.

    Foreign firms operate on 1/2 the costs in the US.

    Well yea, that’s ok if the other two went as well. I’m just saying that it wouldn’t be as bad as you think it would be.

    In any event they’re broke anyway with the current share price, so everyone knows that.

    A judge would arrange things a little better and fuck the union and the stupid bitch running the state.

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  63. The Fly

    BULLSHIT J

    GM had more money than God, over the last 20 years. Their management sucks and so do their engineers.

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  64. Awake

    JPM rating GM bonds a “buy”…lol

    default of GM would be a disaster, its not gonna be allowed to happen.

    Equity is gonna fall to “AIG-like” levels though (not much farther to go really)

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  65. j

    No fly, it’s not bullshit. They have been losing 2300 bucks per car for the past 5 years or so and their cash flow has been ratshit.

    It’s basically been a plaything for the unions. Call it captured capital belonging to the union.

    GM has been a health care firm that makes cars on the side at a loss.

    They haven’t been able to spend money on R&D because they can’t afford to.

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  66. Damon

    Okay…So Check this out…

    Why Ford is Losing Their Ass and Always Will:

    In the summer of 2007, I worked as an ocean fishing captain & guide in Southeast Alaska.

    Ford Motor Company booked 5 solid weeks a year up there, at a high-end fishing resort called Waterfall Resort(Ford had been doing this for many years) paying for about 90+ management and sale mgmt. employees fishing vacation, cycling them in and out over that 5 week period.

    On my boat, I had two well-paid, ex-secret service bodyguards, AND a personal physician JUST for Mark Fields.

    My orders were to follow the boat with Mark Fields*, while he drank and fished for 3 days.

    The Ford corporate jet was always waiting on stand-by (via float plane).

    The sense I got from the “Ford folks” at the time, was that Ford was great, had no problems, and that Toyota was “bullshit and made crappy cars”

    *Mark Fields, Ford executive vice president and president, The Americas, earned $1,255,634 in salary and received incentive bonus awards of $2,850,000.His 2007 compensation totaled $8,389,898.

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  67. gappingandyapping

    Fly “Merlin” is on History channel. He is predicting doom.

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  68. DEVILDOG

    What rally? You mean that failed mortgage bailout pos rally today? Idiots. New lows by 11/19. You stupid bulls and cows are really boring and intellectually unchallenging. Especially fly, j and GENERATIONAL Bottom. Anybody seen BEAV lately?
    BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!

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  69. The Fly

    Union hating a weak excuse for corporate failure. Of course businesses would make more money if they had fucking slaves for workers.

    Let’s focus on the business and not rhetoric

    GM HAD MORE MONEY THAN GOD, UP UNTIL 5 years ago.

    They were able to raise money at will. Management gave themselves hefty raises and made a lot of money.

    They decided to load up on the fucking HUMMER, in the midst of an energy crisis.

    Don’t blame their fucking lack of R and D. America has been making shitty cars since the 70’s. It’s the culture of decadence and laziness that ruined an American icon, not a few union hacks trying to give Joe sixpack a 5 dollar an hour raise.

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  70. DEVILDOG

    fly, at least you got the above correct. j is an idiot.

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  71. DEVILDOG

    j, BTW, you’re not an American so stop talking about how America functions or dysfunctions. You don’t know shit. Now go suck a kangaroo cock.

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  72. scum bucket

    GM is a farging finance company, a freaking subprime mortgage company, an HMO, an executive alzheimers & old folks home, a remedial engineering storage facility, everything, except a car company. Same goes for GE.

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  73. j

    Ok fly:

    So why not let the fuckers fail then if that is what you think. Let them go.
    Isn’t that what capitalism is all about.

    Please don’t use the ” the were able to raise money “. Anyone was. Look at the Dog. Even his dad has given him his life savings so he can blow it.
    :
    :
    Fuck off Dog. You can’t have a coherent conversation about anything unless it’s crash talk. Go play with the Mr’s 34ds.

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  74. Bottom Is Here DUMFUKS
    Bottom Is Here DUMFUKS

    ” Ford Motor Company booked 5 solid weeks a year up there, at a high-end fishing resort called Waterfall Resort(Ford had been doing this for many years) paying for about 90+ management and sale mgmt. employees fishing vacation, cycling them in and out over that 5 week period.”

    It is not Ford’s union work force that is the problem. It is their fuckin’ overpaid, bloated, never-do-an-honest-day’s-work MANAGEMENT.

    Just like most corporations. Unions are GOOD.

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  75. The Contractor

    Interesting story, Damon. It seems to represent the mentality among Corporate America to get while the getting is good, the future be damned. Ignorance and greed are ruining this country.

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  76. j

    Bottom is here.

    Yea ok. So fire the fucking management. That would be a done deal anyway in my book.

    The union destroyed the car firms.

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  77. TraderCaddy

    As a Debtor In Possession in Chapter 11 GM can reject and assume any executory contracts. Thus they can affirm contracts with suppliers and reject union favored contracts.
    They would probably have no problem getting Debtor interim financing as the creditors would assume a superior lien position in many cases.
    This is why airlines have filed Chapter 11 over the years many times.
    Chapter 11 would make economic sense but as always it has turned into political rhetoric on which party cares the most for the worker (and I use the word worker loosely).

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  78. j

    trader C

    Exactly. Suppliers would be fine.

    STOMP the union.

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  79. TraderCaddy

    I believe both management and the unions dug the grave but Chapter 11 makes economic sense.

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  80. j

    Union hating a weak excuse for corporate failure. Of course businesses would make more money if they had fucking slaves for workers.

    that’s lefty talking points. Non-union labor does fine at the foreign makers.

    GM HAD MORE MONEY THAN GOD, UP UNTIL 5 years ago.

    So what, they did okay during cyclical upturns. They have always had a structural problem and everyone knows that. The union raped Detroit.

    They were able to raise money at will. Management gave themselves hefty raises and made a lot of money.

    Let the shareholders figure that shit out.

    They decided to load up on the fucking HUMMER, in the midst of an energy crisis.

    No, they loaded up on he hummer much before that.

    Don’t blame their fucking lack of R and D. America has been making shitty cars since the 70’s.

    Not true. GM was making some decent cars in the 90’s

    It’s the culture of decadence and laziness that ruined an American icon, not a few union hacks trying to give Joe sixpack a 5 dollar an hour raise.

    Bullshit. Their structural problem was created by the unions.

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  81. CAP

    The problem with the auto industry is the same as the problem with people in America. Everyone has this sense of entitlement – ‘I deserve it’ attitude rather than ‘I am privileged to have it’.
    So workers at GM, Ford et al. all get paid outrageous amounts to do work that a monkey could do. And they think they deserve it. Same thing with the airline industry.

    This sense of entitlement in this country is ruining (has ruined) us. Everyone ‘deserves’ their $400,000 mcmansion, $50,000 SUV, 6 weeks of paid vacation, 5 weekly restaurant lunches and dinners, a new wardrobe every 2 months, a $40k Harley, ATVs for the weekend and on and on. This housing bust happened because people here thought it was a right as an American to own a house. No not a privilege but a fucking right ! ‘I am American and its my God given right to own a home’. As a result you had people making 30k a year in $300k homes. Top it off with people’s out of control spending because it is ‘their right’ to have the latest Playstation, cell phone, laptop, iPod, plasma TV, etc etc. No surprise why we are in this current financial mess.

    Go to China and India and having a roof over your head, 3 meals and a job is considered a privilege. People work hard and don’t have this entitlement mentality. No surprise that both these nations will surpass us in the next 25 years ( probably much sooner).

    If America is to survive, we need to change people’s attitudes. Fuck this entitlement bullshit. Everyday you wake up and are able to breathe, consider that a fucking privilege. You have a roof over your head, consider that a bonus. Now go work you butt off and don’t expect any fucking handouts.

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  82. j

    yes cap:

    And to top it off people like the Dog get a fully entitled pension even though he clearly has enough money to live without it otherwise he wouldn’t be leveraging 2,000,000 times.

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  83. DEVILDOG

    Right on CAP. However, it won’t happen. TARPs until we go bust. Forgot…we’re already busted. OK…TARPS until we bust the stupid world that buys our worthless treasuries that we will default on. Fun times ahead.

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  84. scum bucket

    CAP, the best way to earn is to steal. Might makes right. All the rest are pikers.

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  85. DEVILDOG

    j, I’m not leveraged. I presently have zero debt.

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  86. DEVILDOG

    scum is correct. Just ask paulson.

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  87. jeff

    I’m selling SRS north of 207 fuckers.

    Fib retrace to the rsi, %R hizzle

    http://www.purewatersciences.net get a RO douches

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  88. malaka

    Feeling on AIG after call, speaking to law firm in DC and AIG pr…. Buy 8 bone stock in a short period of time due to 10 of the largest investors being given part ownership. I can elaborate more just ask. Questions comments concerns

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  89. The Fly

    BULLSHIT.

    You fuckers have been brainwashed by men with deformed faces to believe that Unions are evil destroyers of corporations.

    UNTRUE.

    While they may sack the corporation for EPS, the failure of GM is due ENTIRELY to their shoddy cars.

    Let me repeat, especially for you assholes who live in Australia:

    GM HAS NOT MADE A GOOD CAR SINCE THE 70’s.

    Period. End of story. All Americans know this to be true.

    Anyone with sense has been buying Japanese for decades.

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  90. malaka

    10000000% percent correct fly master…. fucking idiots pouring money into a losing proposition. How many more years Cerbreus f u c k e d what a stupid buy on their part automaker of shity cars. I prefer Italian Maserati whips just my preference

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  91. Italina Stallion

    10000000% percent correct fly master…. fucking idiots pouring money into a losing proposition. How many more years Cerbreus f u c k e d what a stupid buy on their part automaker of shity cars. I prefer Italian Maserati whips just my preference

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  92. ok, now what?

    or german.

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  93. Malaka

    what just happened apologize for the nonesense

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  94. Johnny Rawcus

    Agree with fly 100%
    American cars do have a bad rep as far as quality.

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  95. j

    Fly

    Have you ever driven a jap car. Not lexus just the average jap car. They’re shit boxes too…. and only marginally better.

    As I said, GM made decent cars in the 90’s. Ford did as well and Chrysler always had a good styling sense.

    You’re not talking sense when it comes to US cars.

    And yes, Unions fucked Detroit. Totally.

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  96. charlie

    J, I’ve owned a Honda Accord and a Subaru Legacy in my younger days – both great cars and you really get your money’s worth out of them in every regard. I’m anxious to see the next generation of Japanese sports cars. Already the Nissan GTR stomps all competition in its price range.

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  97. Mr. LIMM

    What’s with all the Bolshevism tonight?

    Fly, are you fucking kidding me? You think grown men in the modern age can’t “compete” with management in a 5% unemployment market?

    Why do you think union membership in private corporations is at an all time low?

    Because workers LOVE unions?

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  98. Employee8

    GM makes decent cars but their interiors suck and they have too many inefficient V-8’s in their product lines … the Japanese and Germans kill the U S when it comes to creature comforts, safety and performance. Don’t forget, the Japs are mfg’g here now and have gotten big incentives from some States via tax incentives and infrastructure to build in those states not to mention the savings in non-union shops. But they still provide health care benefits and if not pensions then some form of 401k with matching incentives …

    Get the U S car makers playing on the same field and they can compete though a slimmed down mgmt on competetive salaries w/o the bonus incentives of the past or stock options based on ability to fool their auditors would go a long way.

    The Pontiac Solstice, Chevy Corvette and Caddy V are examples of well engineered cars that can compete with the best foreign cars in their respective classes.

    They’ve become too dependent on trucks and SUV’s and it’s killing them … especially on avg mpg/vehicle and pricing compared to their comp that sells “cars” ….

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