Happy BREMAIN day. I see some of you on Twitter are using today’s fantastic rally day to mock the ark, siding with my enemies. Just know, when the tides rise and the fucking tornadoes are wreaking havoc, the giraffes on the ark will spit on you as you attempt to board.
The nerds over at NYU came up with a layman’s model to determine which banks will mushroom cloud over Wall Street, in the event of a pedestrian 40% drop in stocks. The results were nothing short of catastrophic.
As you can see, the banks will need $350 billion in bailouts from the American slave, err, tax payer. It appears the great southern scourge itself, Bank of America, leads the fray.
Now all we need is for the market to drop by 40%, in order to enjoy this ridiculousness.
Everyone having fun today? Not like I care, but what are you imps buying?
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Mostly paring back. Bought $STRP.
Indeud.
Perhaps the nerds were getting bored eating falafel at the food trucks near Washington Square Park.
Besides, 350 Billion can be printed in no time at all.
350bn is a large amount of money for a single person, but it it small poe-tah-toes to most institutions these days.
250bn is a decent sized buyback.
sandwiches. buying lots of sandwiches.
We’re gonna need more fortune cookies
I like this photo of the exchange. I’m curious of its historical significance.
I believe they were selling war bonds
That actually looks like Charlie Chaplin on the guy’s shoulders.
Can you cite that photo – good stuff
Yes, Fly is correct (and so am I).
Here is the story.
http://www.boweryboyshistory.com/2014/04/charlie-chaplin-on-wall-street-tale.html
Very interesting. Thanks
XBIT, target of shorts who destined to be squeeeeezed
The federal government spent $600+ billion on TARP and another $600+ billion on buying Fannie, Freddie, and Ginnie securities so $350 billion is no biggie. However, the ability to execute a bailout in the future politically will be 10 times harder than in 2008.
Cramer credits Fly with this GPRO story … Did I miss it or is there another “Fly?”
https://www.thestreet.com/story/13613470/1/here-rsquo-s-a-reason-gopro-gpro-stock-is-up-today.html?puc=yahoo&cm_ven=YAHOO
Incan matrimonial head masks
I’m buying extra life insurance as I and the rest of the rabbits are journeying to Baltimore, then to our nation’s capital, for the remainder of the month. Something about wanting to learn more about democracy. I told the 10 year old that we are Democratic Republic but he looked at me like I owned a pair of Crocs or something.
I told them if they want to really learn how this country runs, we wouldn’t be going because I pay the dah-ham bills around here and what I say goes. That’s America.
I’m outnumbered three-to-one, so…democracy.
why do people have new alien icons? did I miss my chance to don my new avatar?