I support this message.

That is all

the fly is god

If this was India, people would have found and beaten the CEO to death by now. Just saying. That’s how they roll.

You know. My kids will probably be $300,000 in debt before they turn 18 at the rate the government is borrowing.

Solution to the financial crisis from the link Wood provided

Gather up AIG’s smartest and brightest. Cut their dicks off (sorry for being a chauvinist), shove them in their mouths, shackle them and parade them naked in down town D.C. Promise the same destiny to any executive that was involved in the decisions made over the 2004-2007 period and who refuses to pay back their bonuses and/or refuses to invalidate any CDS contracts they wrote at the time.

http://www.youtube.com/watch?v=6dfPAEYxcqY

And we are all going to line up like good little drones and pay our income taxes this April. We need to renact some scenes from history, like the French Revolution, for example. Government should fear their people, not vice versa. Apparently our government has nothing but contempt for its citizens.

Not at all. Just teasing a bit.

Seriously though, I’d like to hear Jake’s thoughts.

JJJsix6

I, Indian born, raised in the US, was never brainwashed to believe everything kind, smiling folks on tv say, and questioning everything is the only true way. Of course, i understand your view that in India, CEO would be held responsible, but understand that Indian eat alot of cholesterol and maybe they get too emotional at times. We are trying to become americans more than most americans understand. Remember, India is where all type of folks live, and people have learnt to live with differences in cultures. From what i have seen here, media always perpetrates Indians as angry folks through showing the clashes, since thats all the news we can get here. Also that stupid indian movie that some brit made, is gay. It may be the nationalist part of me or just the fact that the actor looks like a douche.

All in all, indians are calm, rational folks. If you steal something from them, expect retaliation because respect is important in our culture. If i was still in the age of wars, i would say something like this “Meet me as friends, id lay my life for you, meet me as enemy, and i shall lay your life for you.” Hmmm…im sure ill reincarnate in another era of destruction where my poor line will come in handy.

More about me: believe in god but don’t know which one, thank brits for infrastructure and technology, but please so suck a dick, and all the spartan women, please raise my child to be a true man.

:Any spartan blood left these days?

IG, well said…

This is what $100 million gets you? American’s best and brightest? The frigging bagger at Safeway is better and brighter and more honest and makes $6.75 an hour.

“We cannot attract and retain the best and the brightest talent to lead and staff the AIG businesses – which are now being operated principally on behalf of American taxpayers – if employees believe their compensation is subject to continued arbitrary adjustment by the U.S. Treasury,” AIG’s government-appointed chairman, Edward Liddy

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/15/MNBK16FL07.DTL&hw=aig&sn=004&sc=753

Pitchforks and torches in the streets won’t happen when it’s the semi-affluent bearing the brunt of it. We’ll get p.o.ed, but no big protests and so no change in govt tactics. We’ll deflate along for a couple of years, then deflation could reverse sharply and we could have high inflation. That would get people out into the streets in a jiffy.
One question I have, though, is this: given that all countries are in the pooper, making the US a giant among midgets, is it possible to have multiple simultaneous currency collapses including the US? In other words, a no-safe-haven worldwide currency fuck-up.

IG-
I, as an American, don’t recall ever seeing Indians portrayed as angry or really anything other than calm and rational. Pakistanis, on the other hand, are frequently portrayed as angry wackos. But they totally deserve it.

This is what AIG management deserve

http://www.youtube.com/watch?v=p5O7JnmUbFw

THE IRON LOTUS!!!!!!!!!!!!!

the iron lotus… now THAT made me laugh:) i needed a good laugh

March Madness pick get long AIG….seriously fuckers.

USA’s Team

Could not have said it better myself fly. Goldman is the antichrist, and the leaders of the New World Order. Liddy former Goldman Board member, Thain Former Goldman, Paulson former Goldman, Steele former Goldman, The list goes on and on.

FUCK Goldman, Fuck the Partnership

Revolt! Revolt!!!!!!!

LULZ @ T MOE.

None != NWO (sure that’s a double negative but whatever)

Think on this – if there was a vast conspiracy, don’t you think they’d have paid themselves off in a more secretive manner?

Conspiracy theories == lazy analysis.

markets look okay today. Maybe time to buy a little of the banks.

I honor of this post the T MOE shorts GS at 100

Fuck Goldman

Jake? Thoughts?

Hard to take him very seriously. Kind of “Jeffrey-level” stuff.

Anonymous blogs are like that, though.

_________

Henry Fool, you really nailed SWHC, it made it to over 5.00, back from 1.53

Hey now!

Try ARST looks like it wants to all time high BTFO over 12.

my DIG is showing a little pep here.

HEY FLY!!!!

I’m screwed! I SHORTED SHORTED SHORTED DXD, not long! I would be winning the South quarter right now if you had fixed this when I previously asked you to. You got it wrong, then you obviously ignored my post to fix it, now you remove me from the sheet even though I am the front-runner for the south! Damn you FLY!

Go back to my original post and you will see I very cleary SHORTED DXD. What gives? My post is here — http://www.ibankcoin.com/rcblog/index.php/2009/03/06/march-madness/

Brian F. Reynolds, CFA
Chief Market Strategist
Monday March 16, 2009

Even More Parallels

Summary

-We take a look at the increasing number of parallels between what is happening now and what happened last year

We’ve often related how one of our mentor’s favorite sayings is that history doesn’t repeat, but it does rhyme. Over the last couple of weeks, we’ve been writing that this saying seems to apply more and more to the current situation. This past week has brought more parallels.

Stocks

On February 24, with the S&P around 743, we ran a column with the title “Stocks Just Entered Short-Term Oversold Territory.” By the end of that day, stocks had surged, the S&P was up 4%, and we were getting congratulatory phone calls. But we told those callers that something wasn’t right, and that this action actually made us uneasy. If someone had just read our title and then saw the 4%, it could be said we were dead on. But a careful reading of our column shows that once stocks hit oversold, they usually (but not always) fall further before the bounce begins. As they fall, the credit bears tighten the trailing stops on their positions. That leads to a panicky blow-off low, initially led by short-covering in response to a couple of news items, but then bringing in stock buyers who believe the worst is behind us. That buying then often takes stocks back above the level they became oversold at.

The latter part of that paragraph describes the last week, especially the part about bringing in the stock buyers who believe the worst is behind us.

Credit Markets

As with the stock bounce at the end of last year, the credit bears “rang the register” and did some temporary short covering of credit with the intent of returning to re-short at higher prices.

Comically, the same crew of swing traders, who were badly burned by their own pumping up of credit at the end of last year, went at it again. In just a few days, they took HYG (the fund that purports to be a junk ETF, even though it poorly tracks a poorly composed index) from a 3% discount to a 4% premium.

So, just like last spring and last winter, the wrong people are buying credit, at least the junk variety.

What is interesting though is that, like the panic that began in June, investment-grade corporates did poorly last week despite the euphoria in stocks.

What is even more interesting (again, like the panic we saw last June), the panic in money markets broadened out.

It took a full year for a ratings agency to downgrade GE, and then only a notch. The result was a “relief” rally in GE’s stock and corporate bonds.

But their short-maturity bonds continue to indicate panicked bondholders. Remember, the issue is not how strong GE is, but rather how strong its bondholders are.

While GE’s short-maturity bonds gained a little, a number other short-maturity issues worsened. Again, for every issue that we see getting bad bids, there are many getting none.

Conversations

This action produced an interesting dynamic at the money market conference that we co-chaired last week. It was as if people could see this action, but were in denial because it hasn’t impacted commercial paper or money market funds.

Traditional money market funds have seen inflows in the last few months, and the commercial paper market has clamed down. Many of the formal presentations noted this, and there was widespread hope that this would continue.

But we lost track of how many times we had the same conversation with our friends at various points during the conference. People would ask us what we think lies ahead. We would say: “you know that if you bid 25% for the 3-month Genworth bonds that were yielding 14% a few months ago, you would probably own the whole issue. You know that if you bid 20% for the 15-month HSBC bonds that yielded 7% a few weeks ago, you would probably own the whole issue. You know that if you bid 14% for the 15-month Bank of America bonds that yielded 7% a few weeks ago, you would probably own the whole issue. You know that if you bid 8% for the 18-month American Express bonds that yielded 5% a few weeks ago, you would probably own the whole issue.”

Our friends would typically respond with a downcast “yeah.”

Then we would say: “you know we can go on listing more of these for a while. You know they are owned by the “cash-plus” type of investors that have no appetite for losses like these, even though they just spent two months pushing to find higher yields. Do you think this action will get better on its own.”

Our friends would typically look at their shoes and say: “I know. I was just hoping it would be different this time.”

Conclusion

Stocks are working off their oversold condition; in a similar fashion to when they reached oversold last June and October.

The wrong people are buying junk bonds, just as they did on a number of occasions last year.

The panic selling in short-maturity corporates is broadening, as it did after it began last June. There is a chance that this panic could just blow over and wither on its own, but that has never happened. While it may take a few months, as it did last summer, the odds favor this panic eventually impacting the stock market.

It’s a very interesting time and I think the market will go significantly lower

Our financial system is run by crooks. Hank Greenberg from AIG is a crook and needs to shut up and stop blaming current management

morning shakeouts done

It’s time to RUN

ex. ARST

Henry

The market is very prone to going higher from here I think. The administration has pulled out all stops to show it is capable of managing things and that the O’man has some adult supervision. Volcker, Summers, Bernanke.

We’re going to get the toxic asset story soon. I really like US banks here, changes to the accounting rules. Banks suggesting they will =make money this quarter.

This is not the time for the market to take a dive.

I’ve spent the last 20mins scooping up some beaten down techs. RIMM and MSFT to name a few.

Oh great… the system is only randomly eating my posts now.

________

Most intriguing “David and Goliath” first round matchup?

I’m going to nominate North Dakota State v. Kansas.

_________

Good Call Jake, I understand the team is loaded with Seniors for this very day. Friggin Ringers no doubt. I’m sure they’ll out Tatoo us.

SRS acting like a bull dog in a butcher shop here…long SRS today.

Master Fly thinks it’s ok sleep all day because he’s 100% cash…pffft!

VIX up with market up?

O.K. everyone is mad as hell at AIG and so it goes up 70% in 3 hours?
WTF

get used to it, you, the taxpayer, will be hosed beyond anything your brain can imagine. it is every man for himself.

Watch oil here, something is brewing.

the fucker to speack again… market going lower starting now!

lets not forget the pukes at GE suze orman and james fuckin retard cramer who are making major coin, meanwhile, GE capital is only around because the fucking govt back stopped its commerical paper. Fuck em, no one is talking about the pukes on CNBC or cramer or orman and the millions they are paid, if it wasnt for the pitiful fed, GE would be DEAD.

I TOTALLY Agree that the AIG (and MERRIL) BONUS situation which is to be footed by the “peon” US taxpayer is absolute, BULL ____T. How can we all unite to Assure these ASSH____ES
DO NOT GET A SINGLE PENNY .

This goes further….not only should they NOT be paid a cent, they should themselves PAY us back.

IT is so frustrating to hear how supposedly “legal” this bonus situation is because it was “in a contract”/

I say…these ASSH______ES need another type of “CONTRACT”….a contract put out on each and every one of them!

You’re right, the situation is FUCKED, DOUBLE-FUCKED and TRIPLE-FUCKED ! Burn em’, their houses, cars, golf bags and Viagra prescriptions!

is
OBSCENE !

After getting money from AIG, Barclays have just announced a very good first quarter. Almost worse than AIG paying bonusses!

FUCK AIG, fuck those cock suckers

FUCK AIG PIECE OF SHIT. KILL THEM ALL.

In Japan also, of course, we know this news.
We all are fed up and pissed off with AIG motherfucking cocksuckers.
Big bonuses? to fucking losers? Fucking shit. Die, assholes.
Hellicious financial crisis is not only the issue of America. Many people around the globe is involved in it.

I suggest some terrorists anywhere goes for AIG to bust caps in their bitchy fucking asses.

Kill’em Fuck’em

amen how dare they…they must know what they are doing, yet are so imcompetent (or evil) that they continue with it. I say we grab our pitchforks and cut of their heads!

Just take out full page ads in all major newspapers, send an Email to all those with a social security number, post it on every Federal, state, and local website – what are we publishing? The names, addresses, and telephone numbers of every person that works for a company that took bailout money and received a bonus check.

Fuckers would all be dead by the end of the month and after their bank accounts were emptied!

I’m just saying

I gonna take a switch and bitchslap me some whiteys at AIG. They is making my coon ass look bad.

I’m surprised someone hasn’t attacked the AIG building.

Ya know what is a amazing…for the last eight years Bush & Co has racked up trillions (the day before 9/11 they announced 1-2 trillion of the defense budget was ‘unaccounted for’) an nobody gave a rats ass. This taxpayer money was used to bomb the @*#& out of people thousands of miles away because we swallowed the bullshit about WMD…
In comparison AIG is a drop in the freaking bucket. Our boys & girls slaughtered and Iraqis slaughtered but oooohhhh whoaaah AIG gets a bailout, “No way man…no way”!!!
Now the tax payers are mad, boo fucking hooooo. 1 in a hundred Americans is in prison or on parole…our kids don’t read, their parents watch TV 6 hours a day, half of Americans are on anti-depressants. AIG? …we’re mad about AIG getting free money? How about the Partiot Act that essentially removed the constitutional rights of every American, AIG.WTF Pleaseeeeeeeeeeeeee.

It’s not that bad just grab your ankles Maybee they’ll be gentle?

To hell with pitchforks. We need torches and guillotines for these luxury addicted financial sociopaths.

Asana, we’re not all apathetic. And I really don’t give a shit if you like american citizens or not. As far as I’m concerned, you’re just another arrogant French twat (or an arrogant French twat wannabe). Go eat some snails.

Leslie,

What are YOU bitching about? You wanrted “change” didn’t you? Well there ya go.

fuck aig shut ‘em down let the fuckers fold

whomever is calling himself Rob Adcox is an idiot

I agreed G W Bush and Dick head Cheny fuck us real good. Just wait when hyperinflation
come soon to the picture, and the derivative bubble burst. Hey we voted for Bush in the second time around so bend over and kiss your dumb ass GOOD BYE. We dug our own
grave and who are we going to pass the shit to our great great great children. If Man
does not go into WW Three with China. A yes They are paying our debt and one day they
will come to the Feds counter and cash in those T-Bills that they have. What a Country.

To my critics: eat serious shit.

Pills containing a progestin drospirenone synthetic hormone