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
23,468 Blog Posts

Late Night Fact

Torture is an effective tool versus short sellers.

Good Day and Good Night.

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41 comments

  1. DrBigBoss

    we need more asshat awards fly, those were freaking hilarious.

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  2. DSB

    BigBoss, I think he gave them to Denninger.

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  3. mc

    Have a chat to your esteemed web devs, your change to the site is incompatible with firefox, although I’m sure you already know that.

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  4. JakeGint

    Watah-bawd tha mithaflickas.

    _____

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  5. The Fly

    Mc

    I use firefox. It is perfect. What’s wrong?

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  6. Curious George

    “And, finally, I have a devious surprise in store for the iBC collective. A surprise that will please a handful, but anger a great many.”

    ————————–

    Hmmmmm ???

    Well…I must say…I’m uhhh…STILL pretty damn curious !

    When will this devious surprise be revealed ?

    .

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  7. Leonard The Monkey

    I use firefox and don’t have any issues here.

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  8. The Fly

    This earl grey shit is for the birds. I am stepping up to a stronger leaf.
    BEHOLD Scotish Breakfast!

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  9. DSB

    That’s a laxative tea

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  10. chivasontherocks
    chivasontherocks

    my kind of breakfast.

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  11. Braveflaps

    The Scots invented tea bagging.

    Who knew?

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  12. Mushroomz

    A slow painful death to the bears! Hear hear, Yar! Indeud.

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  13. Goin'Fawr

    Earl Grey is for poofters. Might as well have a cup of Chanel #5. Welsh Breakfast will remove the glaze off of a scot’s mug, and make your nipples as hard as pencil erasers, not to mention your panhandle. End of.

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  14. Darius

    <—–Firefox, and no issues.

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  15. Maelstrom

    Leave it to Hilary and the fucking old ass liberals to try and divert attention to the “Torture” bullshit.Who in the hell cares what you do to those braiwashed {pun intended} terrorists . H2O Boarding..a novel tee shirt idea, and it works ..That and gay marrage are so important at this time of crisis..Send that fat ugly fuck Rosie to Pakistan the Taliban would puke themselvs to death

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  16. Shon

    Maelstrom-
    Take some night classes and learn how to write in English, you fucking retard.
    Torture does not work.
    It’s a flawed concept and the people who implemented it should go to jail.
    That said, Rosie would kick ass in Taliban land!

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  17. RosenRush

    So this is what 3:09am feels like, huh?

    Totally away from the market today…busy with the day job. Looks like we might finally roll over hard? Who knows, every day there is new BS on the tube about how we’re going to be saved.

    In any case, I remain tied to my SRS call. I haven’t added much the last two days, but if it breaks 25 tomorrow I will dip in a touch more and will look to add again under 20. I hope we see 50 first, but anything is possible these days.

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  18. Bill Gates

    Internet Explorer is a security swiss cheese. Firefox is for queers. Google Chrome is the browser of choice for real men.

    Bill G

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  19. JakeGint

    My wife drinks “tay.”

    I understand it’s quite popular amongst the wimmens.

    ____

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  20. so i herd you liek mudkips
    so i herd you liek mudkips

    please. Google Chrome doesn’t have functional plugin support (adblock, bugmenot, greasemonkey — and proxies don’t count cause that’s what we did in 1999 and that’s fucking lame).

    Google’s forking of the webkit javascript engine is kind of a dick move as well (massive duplication of effort, and whoops it’s now the slowest open source one now).

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  21. DEXTER

    »How Ken Lewis of B of ASaved The Global Financial System
    Posted: April 23, 2009 at 4:40 am

    Print Email Subscribe Free Newsletter Follow us on Twitter
    Ken Lewis, head of Bank of America (BAC), may be the most reviled financial executive in the United States. He bought Merrill Lynch when it was hemorrhaging money. He let big bonuses to Merrill management slip by. Some analysts believe that Merrill’s problems were so deep that they forced B of A to take TARP money that otherwise could have been passed up.

    But, a new, exclusive report from The Wall Street Journal shows that Lewis is a hero of the first order. He saved the financial world from ruin by going along with a plan concocted by the Treasury and Fed to keep Merrill’s problems confidential while allowing the B of A buyout of Merrill to continue.

    According to the paper, “Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co.” The reason for the silence is that bad news about Merrill’s losses or a collapse of the B of A acquisition could have cause a panic in the financial markets at a point when Wall St. was already worried that some big financial firms might not make it.

    Governance experts would say that B of A was duty bound to disclose its reservations about Merrill to the bank’s shareholders so that they would not be caught by surprise when bad news about the merger began to become public.

    The Lewis testimony is almost certainly self-serving. His job has been at stake based on the fact that he did not call off the deal to buy Merrill or at least drop the price of the acquisition. Lewis is testifying that the federal government held a gun to his head and basically asked him to lie, or at least not tell the whole truth.

    Lewis has been perceived as a weak punk who would say nearly anything to keep his job. He has repeatedly appeared in the media defending his actions, even to the point of saying that he regrets having taken TARP money. His comments about a government conspiracy indicate how unbalanced his view of his decisions really is.

    Douglas A. McIntyre

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  22. the prof

    just a reminder: UPS miss=amzn demise. If not I’m fucked.

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  23. j

    Who’s this profit going to prof?

    Please prof, no more money to leftwing causes. How about a nice right wing charity the NRO.

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  24. Cuervos Laugh

    Eurozone PMI beats expectations:

    vid link to bnn.ca

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  25. TheArtist

    alright Jake, give us the latest view now that UPS has released its earnings.

    and FAS or FAZ today? that is the question.

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  26. JakeGint

    UPS Update: Doh!

    Good thing I hedged that sucker.

    ______

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  27. the prof

    When a trade is this obvious, something’s got to be wrong. So, not counting those chickens quite yet. They use UPS, and the Kindle is a piece of shit. Nonetheless, I’ve got a big position… I’ll let you know who gets it if things fly right here in the land of Robinhood.

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  28. JakeGint

    LOL @ the Artist’s request… now that’s soivice (sic)!

    _____________

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  29. j

    Here’s hoping for you, prof.

    in other news… apple beating estimates. It has to be the greatest company on earth… EVER. Those dudes give capitalism a good name.

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  30. TraderCaddy

    Charter Equity (whoever they are) has a Buy this AM on a Fly favorite TQNT.

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  31. An Apple A Day

    AAPL an AAPL shares are higher by more than $6.50 in the pre-market to about $128 on our Heat Seeker system after the technology giant reported much better-than-expected second-quarter results yesterday. The company earned $1.33 per share, $0.24 higher than the consensus estimate from analysts, while revenues rose 8.7 percent year over year. A fab quarter for the iPhone and iPod maker that knocked the cover off the ball.

    Wells Fargo Up on Earnings

    The banking giant announced that first-quarter net income rose 52 percent thanks to its Wachovia acquisition and an increase in mortgage refinancing. WFC closed at $18.18 yesterday but is trading at $18.90 in the pre-market on the Heat Seeker.

    Razncane

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  32. TheArtist

    soivice?
    is that Latin or Greek?

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  33. TheArtist

    By the way Fly, not that you have time, but in the event you do. I’d like you to post your viewpoint of the top 5 or 10 players in this 4G pipeline, directly involved or will be.

    I’d like to get a profile started on those and keep an eye out.

    thanks.

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  34. TraderCaddy

    Waiting a minute or two and SMH looks like a possible short at the open.
    Spitzer in and out.

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  35. JakeGint

    soivice?
    is that Latin or Greek?

    Crooklynese.

    ________

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  36. TraderCaddy

    Done for the AM.
    Thanks SMH short.

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  37. Henry Fool

    5 days till Grateful Dead at Brenden Byrne!

    just thinking out loud.

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  38. I’ll be raising a little more CASH soon. This has been a whopper of a 7 week run.

    THANK YOU Mr Fly sir!

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  39. JakeGint

    HF — are they not known simply as The Dead now?

    I hear they haven’t missed a beat, even with the big man gone.

    __________

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  40. TraderCaddy

    NEM sucks so bad.
    Every day it starts going negative after being positive it drags the gold stocks down also and it doesn’t matter whether gold is up or not.
    Short at will.

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