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Dr. Fly

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.

Senator Warren Skewers Stumpf: ‘If You Have Nothing to Do, What Are You Doing Serving as Chairman of the Board?’

These hearings are designed to make it look like our government are tough lawmakers and looking out for the small guy. Truth is, the CEO of Wells Fargo left this hearing and went to defecate on Elizabeth Warren’s front lawn.

The banksters own congress and they’ll never do anything to materially hurt them. Sure, they might fine them or introduce regulations to limit their depravity. But at the end of the day, Stumpf and people like him will continue to collect immense bonuses, as his henchmen grind away at the little guy trying to capture a small window of the American dream.

Grant, that was a bit melodramatic. I do have a flair for it, especially when it comes to fuckers like Stumpf–Warren Buffett’s personal catamite.


WFC is higher by 1.6% for the day, straight stuntin’ on the fucktards in Congress.

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What if the Fed Hikes Rates?

If the Fed surprises with a rate hike, markets should drop by 500. This is a very low probability trade, but might be worthwhile of a lotto ticket. No one is expecting the Fed to hike and they’ll most likely do nothing. But in the event they do and the black swan even materializes, volatility will skyrocket through the roof, AND MORE.

Some quick back of the envelope trades heading into Thursday are long UVXY, long QQQ puts and if you’re really into this theme, long DUST.

Higher rates means strong dollar, gold down the drain, oil sharply lower, bonds down, stocks down, pain up.

Now if the market really gets hit, there is a chance that TLT will rise, as investors flee for safety. But judging by the recent action, I think everything will go down.

Are you doing anything ahead of Fed day?

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Chelsea Bombers Dad Told the FBI His Son Was a Terrorist in 2014

Naturally, the FBI filed this in the circular tray and instead went about their days sipping coffee and taking Instagram photos instead. I think it’s pretty fucking credible when a Father reports that his son is a terrorist.

The father made the statement about his son being a terrorist to New Jersey police in 2014, when Mr. Rahami was arrested after a domestic dispute and accused of stabbing his brother.

The information was passed to the Joint Terrorism Task Force led by the Federal Bureau of Investigation in Newark. Officers opened what is known as an assessment, the most basic of F.B.I. investigations, and interviewed the father, who then recanted.

An official, when asked about the inquiry, said the father made the comment out of anger at his son.

It is not clear if officers interviewed Ahmad Rahami.

On Tuesday morning, outside the family’s restaurant in Elizabeth, the father, Mohammad Rahami, told reporters, “I called the F.B.I. two years ago,” he said, shaking his fingers in the air.

Asked if he specifically meant his son, Mr. Rahami stormed away. A short time later, he responded to a reporter who asked, “Do you think your son is a terrorist?”

“No,” Mohammad Rahami said. “And the F.B.I., they know that.”

Ahmad Rahami spent over three months in jail on charges related to the domestic dispute, according to a high-ranking law enforcement official with knowledge of the investigation. A grand jury, however, declined to indict Mr. Rahami. Assistant Director William F. Sweeney, who heads the F.B.I.’s New York office, alluded on Monday at a news conference to a “domestic incident” in which he said the “allegations were recanted.”

source: NY Times

The fact that he recanted it is meaningless. Why wasn’t this little shit on the FBI’s watch list? All they needed to do was see his travel itinerary that showed he visited Afghanistan and Pakistan on a regular basis, coupled with the fact he stabbed his own brother and was called a terrorist by his own Father.
Amazing incompetence.

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Soros to Donate $500m to Ensure Refugees Stay in Europe

Anyone who has studied the actions of G. Soros over the course of his lifetime knows that he’s satan incarnate. Certain people enjoy his brand of organized chaos, as his money is used to spread deceit and lies and a wrathful world order. Over the past two years, refugees from war stricken areas have fled to the confines of a liberalized Europe, whose men have been neutered through pacifism to the point of self inflicted genocide.

Enter the 86 year old Soros, with a very high powered and well polished PR team, announcing today that he will ‘lead the way’ to help refugees lead a better life by donating $500m to that end.

“We will invest in startups, established companies, social impact initiatives, and businesses started by migrants and refugees. These investments are intended to be successful. But our primary focus is to create products and services that truly benefit migrants and host communities,” the 86-year-old said in an official statement.

“I hope my commitment will inspire other investors to pursue the same mission.”

The pictures and the the rhetoric show hungry babies and desperate women, in search of food and shelter. The truth is the vast majority of the refugees are young men of military age, who give zero fucks about the culture of Europe.

But importantly, more than 20 percent of migrants are minors below the age of 18, and the IOM estimates that more than half of those minors traveling to Europe are traveling as unaccompanied minors—90 percent of whom are males.

source: Politico

According to the Swedish government, upwards of 71% of the refugees swarming into their country are men.

With that in mind, Soros’ Open Society Foundation (OSF) will distribute the funds to these men in order to make sure they remain in Europe, changing the demographics forever. Their charge will be to provide financial and legal services, education and employment opportunities.

The Open Society Foundations (OSF), a non-profit organization owned by Soros, will be in charge of the funds, the statement said. Any profits from the investments would go to the OSF’s migrant and refugee-related programs, which include community centers in Greece and initiatives to provide Syrian refugees with legal advice.

This is fuckery on the largest scale possible. It has gotten so bad in countries like Germany and Sweden, that they’re producing commercials to twist and pervert the symbol of the hajib to be something of a liberal women’s rights issue, in order to convince people to accept and submit.

I’ll say it again, so that you understand clearly. They are trying to sell oppression as something of a right for women and making it appear to be stylish.

Now tell me, am I lying?

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Allergen Acquires a Little NASH Drug Biotech for 500% Premium

NASH drugs will be all the rage in the new America, as its people descend into anarchy and take to the bottle in ever increasing numbers. This morning, the good folks over at Allergen said ‘fuck it’ and acquired a small little unknown biotech company for $1.7b, a 500 fucking percent premium to the closing share price.

tbra

Good luck explaining this at the next shareholder meeting.

The stock was trading $4.5 just yesterday. Today, it is being acquired for $50. What the fuck is going on here?

Could you imagine being short this stock? If I was caught short this fucker today, I’d wrap myself in a burlap blanket and throw myself into a lit fireplace.

Allergan Plc (AGN.N) said it would buy Tobira Therapeutics Inc (TBRA.O) in a deal worth up to $1.7 billion, about 19 times the company’s current value, to get a leg up in the race to develop therapies for NASH, an incurable fatty liver disease.

Allergan’s offer of $28.35 per Tobira share upfront is nearly a whopping 500 percent premium to the stock’s close on Monday, which gave Tobira a market capitalization of about $89 million.

Dublin-based Allergan said Tobira shareholders could get up to $49.84 per share contingent on the company achieving certain milestones.

Tobira’s shares surged 575 percent to $32 premarket on Tuesday. Allergan’s shares were off 0.4 percent.

 

Other NASH companies out there include ICPT, GNFT.pa, CNAT.

 

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Deutsche Bank Makes the Case for Recession, All Four Warning Signals Have Been Activated

The last time all four of Deutsche Bank’s warning signals for recession failed was in 1986, which was a very weird time for the world as the Reagan swag and morning in America optimism beat back the bears like the devil dogs they were. Also, it’s worth noting, just one year hence the stock market crashed and it was only by the grace of God that it didn’t lead to a deleterious economic downturn.

The Germans are out with stats and charts this morning, trying to warn you cheese doodle eating Americans to the storm that is coming.

image image image

How much of an anomaly was 1986? Deutsche Bank has the answers.

a) 1986 was the only episode over the past 60 years in which U.S. corporate margins declined (from 8.6 percent in the second quarter of 1984 to 6.7 percent in in the fourth quarter of 1986) without this leading to a recession

b) it was the only episode over the past 40 years during which capex growth turned negative (driven by falling energy investments) without this leading to a recession

c) it was the only episode over the past 30 years in which speculative default rates rose meaningfully above 5 percent without this leading to a recession.

Personally, I’m waiting for the yield curve to invert as my warning sign, which is part of the reason why I’m long TLT. The interesting thing about this rot of an economy is that it’s accompanied by rigged stats using rigged central banks, making those who warn of shit like recessions look like fucking lunatics.

Nevertheless, you’ve been warned.

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Mayor Giuliani Lays into Deblasio for Failing to Call the Chelsea Bombing a Terrorist Attack

I am good friends with many democrats. For the life of me, I don’t know any normal people who’d refuse to call a bombing an act of terror. I do not know how the democrats got boxed into this ‘fag box‘ that forces them to say red is blue and blue is yellow. Their advisors or leaders have paved a way to an indelible stupidity that leaves their politicians looking like complete jackasses to non wards of the state, who are able to discern between a complete clown and an introspective somewhat intelligent human being.

Giuliani lays into Deblasio, NYC’s most hated Mayor of all-time, for being DeBlasio.

 

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House Oversight Committee Looking into Combetta’s Reddit Account

We’ve discussed this earlier today, and it looks like House Republicans are taking notice of the criminal fuckery that is the essence of the Hillary Clinton’s circle of idiots. Not only did they smash phones with hammers in order to destroy evidence, they also implemented software to wipe the servers clean, in order to hide something from authorities.

Well, it was revealed today that her IT specialist, Paul Combetta, may have sought out the help of people on Redditt to help him with his ‘very VIP’ client.

As sure as I’m sitting here, this alleged investigation will go absolutely nowhere, as the House GOP are just as corrupt and rotten as the democrats. However, it makes for a good drama. As an American, who employs very expensive tax attorneys, I do enjoy a good drama to pass the time.

Via the morons from The Hill

“The Reddit post issue and its connection to Paul Combetta is currently being reviewed by OGR staff and evaluations are being made as to the authenticity of the post,” Meadows told The Hill.

Combetta is currently one of the targets of a broader Oversight investigation on whether Clinton ordered the destruction of emails that had been subpoenaed by the Benghazi Select Committee.

“If it is determined that the request to change email addresses was made by someone so closely aligned with the Secretary’s IT operation as Mr. Combetta, then it will certainly prompt additional inquiry,” Meadows told The Hill. “The date of the Reddit post in relationship to the establishment of the Select Committee on Benghazi is also troubling.”

The Reddit message was sent on July 23, 2014, according to an archive of the page saved by other users. The day before, the Benghazi Committee had reached an agreement with the State Department on the production of related records, according the FBI’s investigation into Clinton’s use of the server.

The identity of the “stonetear” user is not confirmed. Reddit users point to the fact that an account on the online marketplace Easy for a Paul Combetta has the username “stonetear” and the inactive website combetta.com is registered to the email address stonetear@gmail.com.

God willing, Hillary will get elected in time for her to issue a full pardon to this Mr. Stonetear fellow, who was merely doing his job as an employee of a great American woman.

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Markets Are Boring People to Death Ahead of the BOJ and Fed Decisions

On Wednesday we get to find out if the BOJ will cut rates again, cease buying equity ETFs, or maybe even up the level of stimulus currently afforded. Truly, this is a meeting that will move markets, for Kuroda is a weapon of mystery and deception.

It’s widely expected that the BOJ will continue asset purchases, but perhaps halt (extra nazi) their ETFs fuckery.

On the Fed side, I fully expect them to do nothing, but talk EXTREME shit in their statement. Don’t worry, everything they say in their statement will be a lie, forged to make them look tough–like dorky high schoolers walking around with wife beaters and no muscles. No one is scared of them. Markets might get sold down, but I wouldn’t trade the tape unless they actually hiked.

Futures are flat in Germany and +30 here. If I were you (thank God I am not), I’d start hedging my portfolio with bonds and gold now, ahead of what might become an eventful week in trading.

 

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CLAIM: Hillary’s Bleachbit Guy, Paul Combetta, Asked Reddit Users How to Clean a Server

If true, this is woefully damning. I just have a hard time grasping the fact that they’d be so fucking stupid.

Here is the post.

poof

He also asked about pushing back the 60 day retention window.

Redditors went to work and started to trace the user of that account to a Mr. Paul Combetta.

Here is his Etsy account with matching user.

paul

Here is a trove of information tying him to that Reddit user name.

Here is the exchange.

stonetear: Remove or replace to/from address on archived emails?

Hello all- I may be facing a very interesting situation where I need to strip out a VIP’s (VERY VIP) email address from a bunch of archived email that I have both in a live Exchange mailbox, as well as a PST file. Basically, they don’t want the VIP’s email address exposed to anyone, and want to be able to either strip out or replace the email address in the to/from fields in all of the emails we want to send out. I am not sure if something like this is possible with PowerShell, or exporting all of the emails to MSG and doing find/replaces with a batch processing program of some sort. Does anyone have experience with something like this, and/or suggestions on how this might be accomplished?


borismkv: There is no supported way to do what you’re asking. You can only delete emails after they’re stored in the database. You can’t change them. If there was a feature in Exchange that allowed this, it could result in major legal issues. There may be ways to hack a solution, but I am not aware of any. permalinkembedsavegive gold

stonetear:

As a PST file or exported MSG files, this could be done though, yes? The issue is that these emails involve the private email address of someone you’d recognize, and we’re trying to replace it with a placeholder address as to not expose it.


exproject: To my knowledge, there’s no way to edit existing messages, that’s a possibility for a discovery nightmare. To strip/rename on outbound/inbound you could rewrite it with a transport rule.

stonetear:

That wouldn’t work on existing messages though right?


odoprasm: Is there no way to access and edb manually?

stonetear:

I have full access to the server – what are you suggesting with the EDB file?


stonetear:

I think maybe I wasn’t clear enough in the original post. I have these emails available in a PST file. Can I rewrite them in the PST? I could also export to MSG and do some sort of batch find/replace. Anyone know of tools that might help with this?

exproject: Just because you have the messages available in multiple formats and locations doesn’t change that it’s an attribute of the envelope not meant to be rewritten. The functionality is just not built into any tool I know of. Having that functionality would create the ability to screw with discovery (I mean, there could be mitigation with versioning, but that would need other configuration) While it may not be a read-only part of the envelope(I’m not actually sure), the only tool that MIGHT be able to do what you want is MFCMapi, and I don’t think you want to play with that for this job. The chance of getting it wrong would be pretty high I think and it is not a particularly friendly tool. I’m not sure it could be scripted with it either. My recommendation would be what/u/borismkv said. Making a mailbox for VIP and telling them to use that. Forwarding to VIPs mailbox would be ripe for them to just respond directly instead of responding through his relay mailbox. As for your existing messages, if the current users absolutely cannot see the existing messages, you’ll need to do a search and export and just forcibly remove the messages from their mailboxes. It’s not clean and not advised by me, but if they don’t want VIPs address out there it will need to be removed. I would do a search with his email address as the query with -LogOnly -LogLevel Full and see what kind of results you get.

It appears the Reddit account was deleted. It was a two year old very active account. Don’t worry, the internet keeps archives.

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