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
23,452 Blog Posts

Late Night Pick-Me-Up

[youtube:http://www.youtube.com/watch?v=0QaCNZeld04 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter

79 comments

  1. Juice

    The always uplifting KD.

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  2. j

    Fly:

    Why the fuck are you disagreeing with me when this guy is essentially saying the same thing I was?

    So you agree with me about the car-makers?

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  3. The Fly

    J:

    I will say this:

    Unions are abusive. But, they are not the reason why GM failed. GM failed due to an astonishing lack of ingenuity and quality control.

    Everyone i know who owns a GM car has had a recall or some other severe fuck up.

    GM could have just copied the Japanese and held share. Instead, the continue to make idiotic cars that no one, north of S. Carolina wants.

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  4. The Fly

    Will someone come onto this board and tell J how stupid GM’s cars are.

    I mean, really.

    Defending GM’s cars is just one hell of a way to lose an argument.

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  5. CAP

    I just found pictures of Thunderpup’s girlfriend.

    http://forum.bodybuilding.com/showthread.php?t=111777031

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  6. punyandy

    Since when does The Fly know people who drive GMs? Must be Steve, whose 401k is in the shitter.

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  7. Eye No Stuff

    GM cars do not suck. They bite. Now, FORD cars, they really suck.

    I owned an American car, once. Spent more in repairs over 5 years than I paid for the car. It was the last fucking time I ever bought an American car. Let the US Military save us the trouble, NUKE Detroit.

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  8. The Fly

    Amen brother.

    NUKE D-Town.

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  9. j

    Unions are abusive. But, they are not the reason why GM failed. GM failed due to an astonishing lack of ingenuity and quality control.

    well what the fuck to you expect when Dog lookalikes are raping and pillaging the firm through pension entitlements. Ghey lose money on every fucking car they make because of this shit.

    In any event the dude you linked to is essentially saying what i am. let’em go broke and move on.

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  10. j

    AND I’M NOT DEFENDING US CARS< fly.

    I’m simply telling you why they’re shit. They’re shit because they lose 2300 bucks on every friggen car they make as a result of pension entitlements.

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  11. The Fly

    This is RETARDED.

    I don’t care if they are losing 10k per car. They were making buckets of coin off suv’s and pickups for years.

    To say the unions were taking all the money, leaving nothing for r&d is asinine.

    They have spent billions in r&d and for what?

    THE HUMMER.

    QED

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  12. punyandy

    The pension entitlements are the freaking problem. One way or the other, we are going to have to pay for that shit. Either we bail those aholes out, or their pensions get taken over by PBGC. Then the same idiots re-run the place into the ground.

    Funny I don’t hear Cramer hooting and hollering about what a kickass guy Alan Mullaly is anymore. Same reason I don’t hear him hooting and hollering about what a genius Eddie Lampert is. ESL should have financed the PPT to speed its development – might have saved them a few billion. SHLD, C, HD, AN, LOL.

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  13. CAP's Mom

    CAP, I told you not to look at other girls. Now drive the Geo Metro over to Mom’s house. Mom wants you to “get down” and give yourself a facial tonight!

    http://www.youtube.com/watch?v=co3WgnEa3jM&feature=related

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  14. j

    Lisgten

    The fucking hummer was NEVER part of their core fleet, like the huge toyota suv was never part of Toyota’s.

    that’s just bullshit.

    It was supposed to be a specialty car like Saab.

    And sure they made some big mistakes but they could never have a cushion to protect them from the hard times because every time they tried the union would come in and stole the money by threatening strike action.

    Toyota has loads of money on the side because they aren’t saddled with a coupla of million deadbeats that wanna go huntin and fishin when they turn 60 for the next 30 years on someone else’s back.

    You not making any point here and ignoring the fact that they’re labor costs are double other car makers even after allowing for PPP etc. when comparing.

    they fucking raped the firms.

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  15. Malaka

    http://www.ayearinmx.com/08/images/stories/ford-fiesta.jpg

    look at this piece of shit how can ford ever make it.

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  16. j

    M
    have you seen the shit boxes the euros make.

    They’re fucking deathtraps. Huge numbers of eurotrash die each day on the roads because they in tiny shit boxes that can’t afford a crash.
    I’m not fucking talking about mercs .. Beamers

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  17. Donny

    The Hummer is the most outrageous symbol of meaningless wealth that I can think of. Typically people that drive them suffer from complexes, like little dick syndrome.

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  18. DEVILDOG

    j, you’re a stupid aussie created out of a degenerate gene pool. I don’t have any entitlements. I had 2 401K plans totaling 25 years that are now in an IRA. I was a VP of Operations in 2 Fortune 20 companies. That should narrow it down enough for even you to figure out. I worked 24/7 in the field nationally and was a 100% road warrior for several of those years living in airplanes and hotels. I earned everything I have. You come off as someone who thinks they are better than a blue collar worker. You’re not. Why don’t you stick to aussie websites. We don’t need you telling us about America. Fuck off.

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  19. j

    Donny

    If I had room I’d buy a hummer only because greenies hate them like vampires hate sliver crosses.

    Think of the good side. Buy and hummer and kill a greenie every time they see one. That’s a good thing. Less Algore wannabe’s in the world is a good thing.

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  20. DownTick

    Ah, Michigan. My home state. I hardly knew ye.

    Detroit Sold For Scrap
    http://www.theonion.com/content/node/46937

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  21. j

    Dog:
    I virtually grew up there and love the USA, so don’t fucking tell me not to talk about the place as it makes you look like more of an idiot than you already do, Mr 167.89 IQ.

    Stfu.

    You’re the one who wants to see the US destroyed you goon. Not me. I love the place.

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  22. punyandy

    The fantasy world of DEVILDOG expands.

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  23. Awake

    “They have spent billions in r&d and for what?

    THE HUMMER.”

    actually they just pirated that design from the military

    right? i’m too lazy to fact check that

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  24. Boris Grigoryevich Fyodorov

    Comrades,

    I’ve owned two GM cars – a Chevy Lumina (I know, I know, get off me) and a Chevy Tahoe. Both cars sucked my left nut.

    SUCKED MY LEFT NUT!

    Never will I own another. Ever.

    Boris

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  25. j

    You come off as someone who thinks they are better than a blue collar worker. You’re not.

    No I don’t you dick. But having union heavies break a national icon is a fucking disgrace.

    work at a place of 25 years doesn’t give them the right to rape the place because they can call strike action and ruin the firm’s finances.

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  26. DEVILDOG

    j, you love the fucked up America that is run by assholes like you. You’re correct in that I want people like you dead then America can be what it is supposed to be. Why don’t you come back here and visit. I’d be happy to show you around west Texas.

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  27. Woodshedder

    DevilDog, if that is the real DevilDog, sometimes you have some great comments.

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  28. Woodshedder

    Well, I wrote that last comment before DD threatened death to J. Oh well.

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  29. j

    Why go to west Texas, Dog, the entire fucking aussie continent looks like west Texas….. with less people here 🙂

    But I may take you up on the offer one day.

    and thanks for wishing death to me. charming.

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  30. j

    anyway it’s time you got back into your coffin, dog. Someone please shut the lid.

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  31. Donny

    Come on … why don’t you fuckers put some of the testosterone in your pockets for the evening.

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  32. DEVILDOG

    charming…fucking pussy.

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  33. Karl Marx

    Toyota has a competitive advantage because the government in Japan takes care of the health of its workers. GM has to pay for its peoples’ medical, which is one reason you will likely see some form of national health care soon.

    The corporations, whoever is left standing, will be begging Obama for coverage.

    Ironic, huh?

    Going all Canadian and shit…

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  34. DEVILDOG

    That’s the 2nd time with the coffin comment. I suppose that means your wishing me a long life, Why don’t you come over here and try and put me in one?

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  35. AI

    Fuck all of you detroit haters…….. go drive you chinese box into a pole and die…………idiots

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  36. punyandy

    Still trying to understand how Devildog withstood the 20% bounce while being “285% short,” yet continues to gloat.

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  37. Donny

    J-

    Do people drive Hummers down under?

    I remember being there a few years ago … if memory serves me right, they drive on the opposite side. Right?

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  38. Karl Marx

    And one thing about the unions: it takes two to tango. Somebody sat across from them and agrred to those contracts. The same people designed, with few exceptions, shit cars, and then built them to shit standards and subjected them to shit quality control.

    Shit, shit, shit.


    Ok…

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  39. The Contractor

    CAP that thread you linked is fucking hilarious.

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  40. Johnny Rawcus

    DD – love your posts..lol And I agree with you in regards to the market.

    J – Always wanted to visit Australia. I heard from a buddy who visited earlier this year and he was telling me that Aussies carry around kangaroo scrotums for good luck. I think he said it’s to hold money…. Is this true??

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  41. The Contractor

    Toyota cars sold in America are for the most part made in America so wouldn’t the workers be covered by the standard HMO type insurance plan and not the govt. of Japan?

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  42. j

    yea Donny

    we drive on the other side and have right hand drive. it’s really shitty getting used it at first

    Yes there are right hand drive hummers here too. Big fucking ugly yellow things that lefties absolutely hate.

    there was a hummer murder incident here about a year ago.

    Hummer owners get a lot of shit.

    Some poor victim complemented a Hummer owner saying he loved the car. The guy took that as a criticism and hooked him and the dude who later died in hospital. It turns out the dude was actually complementary according the the girlfriend.

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  43. DEVILDOG

    Karl, correct. The big 3 management sucks. They are a bunch of whiny good for nothing pussies. Not a leader among them. They get the big bucks and are responsible for company performance. The buck stops on their desk. Degenerates like j that have their noses stuck up some elitist’s asshole or think they are an elitist always want to blame someone else for the failure of the “smartest guys in the room”.

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  44. Fly Leech

    I my day, a “hummer” was just another name for a blow job. Now days they just look like a really fat chick that can only say two things: “feed me!” and “get me my bucket”.

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  45. j

    he was telling me that Aussies carry around kangaroo scrotums for good luck.

    never heard that one.

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  46. j

    Degenerates like j that have their noses stuck up some elitist’s asshole or think they are an elitist always want to blame someone else for the failure of the “smartest guys in the room”.

    Fine, fire them.

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  47. DEVILDOG

    Johnny, thanks. You’re asking j who sucks kangaroo cocks on a daily basis if he carries what little money he has in a kangaroo nut sack? That would be a yes.

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  48. pn

    Punyandy, if I recalled correctly the D-DOUCHE said “daddy” lent him $1.5 million to meet any margin requirements. It was about 2:00pm when he went 285% short so Daddy must have an armor truck ready and waiting just in case junior gets into trouble. Now he tells us he has been VP in 2 fortune 20 companies for 25 years which makes him at least 50 years old–but he still relies on Daddies’ money. Oh what a tangle web we weave…

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  49. Donny

    Australian Hummers have massive brush guards on the front to deflect the kangaroos. Right?

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  50. j

    Dog:

    How old are you our of interest. Just is all, not using it to clobber you with.

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  51. j

    Yea donny they stick what we call ” bullbars” on them.

    http://www.hummeraustralia.com.au/?referer=Google

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  52. DEVILDOG

    55.

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  53. Johnny Rawcus

    Flyleech,

    Fat chicks like this one? (second picure)

    If so, I’m going long Hummer

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  54. Johnny Rawcus

    http://thedanzatap.com/wp-content/uploads/2008/11/10329.jpg

    I guess this would help…

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  55. DEVILDOG

    pn, I manage daddy’s money and frequently pool his with mine when appropriate. I’ve made him plenty of cash. I saved him even more when I liquidated all his stock holdings 4th quarter last year or his $1.5M now would have been about $500K now. I frequently keep him in cash as a cushion to my more aggressive trading. It’s called risk management. I never use all my available cash due to the SSF 40. Now fuck off.

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  56. Eye No Stuff

    DEVILEGG – Janitors had the title of VP Operations where I worked. You make good coin sweeping floors for a living?

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  57. Karl Marx

    Contractor,

    I think the global figure for worker/retiree health care costs re: Toyota vs. GM is on the order of $US1400 per vehicle (ie, GM’s base cost of a comparable vehicle is that much higher on a global average as a direct result of higher health care costs, but definitely don’t quote me… Maybe the new Russian plant will bring the average down and make GM more competitive, but maybe also vodka-stinkin’ chimps named Ivan will soon fly out of my butt).

    Management in the US auto industry in the 70s and 80s must have known there would be untenable legacy costs before too long, but by then they themselves would be long gone. With the parachute and vested options. Those perks have a masive cost over 40 years and for most of that time those guys ran their companies like a government agency. Minivans, pickups and SUVs kept them gong a decade longer than their natural life…which is over.

    Funeral pyre to the left…

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  58. CAP

    DD – Those 2 Fortune 20 companies that you were VP of Operations. Where they Enron and Worldcom ? Just asking.

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  59. The Contractor

    The coolest thing about Australians is how they all carry a bowie knife.

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  60. j

    Dog

    you said once you were in nam. how old were you in Nam? doesn’t figure dog.

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  61. DEVILDOG

    CAP, guess again.

    j, figures you can’t do math. Try again.

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  62. Detroit invented corenthian leather,fuck off haters.

    http://www.youtube.com/watch?v=vIL3fbGbU2o&feature=related

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  63. scum bucket

    kd makes me queasy. go ahead scooby doo, pontificate, it’s what you do.

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  64. pn

    As requested by several posters, a simple screenshot of your current account would answer a lot of questions.

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  65. j

    fair enough dog.

    Thought the US left in 71.

    it was:
    United States Left Vietnam. … On March 29, 1973, two months after signing the Vietnam peace agreement, the last U.S. troops left South Vietnam. …

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  66. ottnott

    Short YHOO. All its stock message board traffic has migrated here.

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  67. Mr. LIMM

    Toyota has a competitive advantage because the government in Japan takes care of the health of its workers. GM has to pay for its peoples’ medical, which is one reason you will likely see some form of national health care soon.

    Sorry Comrade, but Toyota has plants all across America chock full of productive well paid AMELICAN workers, WITHOUT bullshit commie health care bennies.

    And they’re the better for it, as they have nice phat AMELICAN healthcare instead of socialized commie med’cine.

    _____

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  68. Mr. LIMM

    Excerrent, I didn’t even know I posted dat as Mr. Limm.

    ____

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  69. Mr. LIMM

    Ottnot — he one contlibution heah is terring evely one dat dey posting on Yahoo Message Boahed.

    He officiar Fry Blogspot Yahoo Message Boahd Accusah!

    Velly Usefoh, dis asshat!

    _______

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  70. ottnott

    For you, I’ll make an exception. Instead of a YHOO board:
    http://images.art.com/images/products/regular/10302000/10302136.jpg

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  71. JakeGint

    “…the effect is both fleeting AND it’s not LASTING.”

    Brilliant, Karl.

    ________

    “The Genesis Plan?” — is that actually a Wrath of Khan reference??

    lol.

    ___

    That said, 2012 is probaby right, if not 2014.

    ___

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  72. Mr. LIMM

    No, no, no, no, no!

    Dat is moah “contemprative.”

    I plefah…. insclutable!

    ____

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  73. Mr. LIMM

    Why you have such ploblems embedding rink, Ottnot?

    You ovah foahty-seben and harf, by any chance?

    ____

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  74. Karl Marx

    Mr. Limm,

    I said GLOBAL average. Toyota has plants chockful of workers with nationalized health care OUTSIDE of America too. I was comparing the global average.

    Jake:

    ““…the effect is both fleeting AND it’s not LASTING.”
    Brilliant, Karl.”

    That wasn’t me.

    I would have said something like “fleeting AND not untransitory”

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  75. JakeGint

    Karl,

    Not you, the Karl in the video above.

    ______

    Karl, your “average healthcare wage” bullshit doesn’t “fly” either (npi). GM in America competes against Toyota in Georgetown, Kentucky (Camry’s made there), not in fucking Singapore.

    And GM has plants offshore too.

    ______

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  76. Billy

    My 2001 Jeep still runs great.
    But my 2005 Honda needs a new tranny – $4000.
    They ALL suck

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  77. Karl Marx

    I got the other Karl reference – sorry.

    On the other, this isn’t a Michigan vs. Kentucky, GM vs Toyota USA issue – these are global corps competing globally and the American ones can’t compete on health care or anything else.

    But I’ll accept the bullshit call anyway, except that I maintain my prediction that, once Waggoner and Mullaly have taken care of themselves, they will at some point in the next 2.5 years join hands with their union counterparts and Michigan Dems to call for nationalization of their health care costs, and that every corporation in the US will quickly line up behind them getting ready to offload. The insurance lobbyists will all be unemployed by then and the industry itself too weak to fight back…

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  78. j

    Karl

    The health care system in the us is broken. It broken and expensive primarily because the end user doesn’t give a shit about the insurance premium.

    You guys will eventually guys to a single payer system like we have in oz which is a hybrid system and only costs about 8% of GDP vs 14% for you guys.

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