As you know, Cramer told the world, via Mad Money, that foreign bankers were secretly in a fucking bidding war for the worthless assets of [[BSC]]—10 bucks higher.
Question: Now that BSC is unraveling like a Bronx whore in a high end eatery, does this mean the deal is off?
Just trying to get some clarity on this future matter.
NOTE: Fuck BSC.
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No foreign bankers to begin with. All lies courtesy of Cramer and the other clowns at CNBC – America’s Business Channel ROFLMAO !
Hahaha thats some funny shit.
Sovereign country funds to the rescue. Amazing the depth of cleverness. Wall Street.
Bankers – parasites living off the blood of other parasites.
Papers Show Wachovia Knew of Thefts
By CHARLES DUHIGG
Published: February 6, 2008
Last spring, Wachovia bank was accused in a lawsuit of allowing fraudulent telemarketers to use the bank’s accounts to steal millions of dollars from unsuspecting victims. When asked about the suit, bank executives said they had been unaware of the thefts.
But newly released documents from that lawsuit now show that Wachovia had long known about allegations of fraud and that the bank, in fact, solicited business from companies it knew had been accused of telemarketing crimes.
Internal Wachovia e-mail, for example, show that high-ranking employees at the nation’s fourth-largest bank frequently warned colleagues about telemarketing frauds routed through its accounts.
Documents also show that Wachovia was alerted by other banks and federal agencies about ongoing deceptions, but that it continued to provide banking services to multiple companies that helped steal as much as $400 million from unsuspecting victims.
“YIKES!!!!†wrote one Wachovia executive in 2005, warning colleagues that an account used by telemarketers had drawn 4,500 complaints in just two months. “DOUBLE YIKES!!!!†she added. “There is more, but nothing more that I want to put into a note.â€
However, Wachovia continued processing fraudulent transactions for that account and others, partly because the bank charged fraud artists a large fee every time a victim spotted a bogus transaction and demanded their money back. One company alone paid Wachovia about $1.5 million over 11 months, according to investigators.
“We are making a ton of money from them,†wrote Linda Pera, a Wachovia executive, in 2005 about a company that was later accused by federal prosecutors of helping steal up to $142 million.
“Now that BSC is unraveling like a Bronx whore in a high end eatery”
Fly, I’m trying to figure out if you have more experience with the Bronx whores or the high-end eateries…
Please clarify.
-DT
I know a guy that left Bear Sterns [sic] about 7 months ago.
Bad place. Very bad.
Wow look at the volume for AAPL and RIMM, those babies got unloaded like an AK in South Central. Is this capitulation I am seeing?
Either the crack is gone or the genius traders figured out the hours worked collapse on the productivity report was going to reduce the Walmart shoppers spending power.
DT.. take a drive by Hunts Point market about 2am and report back.
RIMM’s got a ways.
Apple? My magic eight balls says “Uncertain,” right now.
Yen is spiking boys, hold onto your hats, we’re going down….
Load up PAL, damn it. Platinum and palladium are on a good rally up. All precious metals are good, but PGMs are especially good due to the South African electricity crisis. They begged the mining industry once more to cut back on electricity consumption on tuesday.
http://www.apmex.com
buying csco puts
“Yen is spiking boys, hold onto your hats, we’re going down”
Jake,
FXY…alternative to cash?
I will give you 10 goats and 5 camels for your Bear Stearns. Nothing More ….
there goes DECK….
CNBC …….. America’s Bullshit Channel
Totally Undeveloped.
Alpha… interesting… is that a yen money market?
________________
Arab Sheik, I just sent Fly an interesting e-mail I got from a guy living in Abu Dhabi… they are going nuts over there on a serious building spree. Could be they have a mite too many goats and camels, if you know what I mean.
$111.12 is the magic line of Death for the Shoes of Eskimo Origin, my children.
That should be good until $106 or so.
2 more shorts
STRA
DV
just bought
10k shrs- qqqq
3k shrs- aapl
Chivas:
STFU.
I WILL
Do those UGGly shoes bounce off the 200dma at 111.39, or do they go straight to zero?
developing …..
Chivas, my Bacchus enabled friend, do you not recall that is what you said yesterday?
Are you doubling down on a loser?
Juice my son,
You were “pre-answered” above.
Looks like CRM did what it was meant to do, which is to lose 8% in a session.
That’s a wench you are addressing there, confused Olympian.