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
19,895 Blog Posts

Tonight, I Will Eat Chocolates Made of Gold

Much to your chagrin, I made “buckets” of coin today, as the hatfucking banks, collectively, fell into an idle snake pit. Thanks to many failed bond auctions, there is fear permeating the market, with regards to the lack of liquidity at our lovely institutions.

Aside from that, it appears Ducati has quit, iBankCoin? Is this true? If so, I may need to quickly reassign his fucking blog, to a non-deserving Peanut.

Being that it’s Valentines Day and all, I will not bore you with “The Fly’s” superior trading moves. Instead, I will remind you that death and “great harm” will afflict the banks. Should you ignore these dire warnings, I will be forced to track your dumbass down and punch your fucking chest hairs off.

Be well.

NOTE: [[MBI]] and [[ABK]] are liars. All of them. The whole lot.

UPDATE: The party at [[CMG]] is officially over.

UPDATE II:

Banks advised to walk away from big deals – FT
  FT reports leading banks are being advised that it would be cheaper to walk away from big buy-out deals than incur further losses on their funding commitments, increasing the chances that more high-profile private equity transactions will collapse. This advice from lawyers contrasts with the conventional wisdom that banks would risk serious damage to their reputations if they were to drop out of deals. But legal advisers argue that the break-up fees banks would owe in such cases would be far lower than the write-downs they would have to make on their loans, given the current cataclysmic conditions in the capital mkts. “It is the tipping point argument,” said a senior partner at one of the biggest private equity group, who asked not to be named. “The banks have so many issues with their balance sheets that they are considering a new policy.” However, such a radical shift could have a dramatic impact on the mkts. The presence of private-equity buyers is one factor that has helped boost stock prices…
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31 comments

  1. Woodshedder

    Dude, you’re gonna have summer teeth.

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  2. treepart

    This voting stuff carries a whiff of Frenchiness and is ghey, imo.

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  3. jeff -

    Down with Rockefeller

    http://feeds.feedburner.com/blogspot/hoSP

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  4. calvino

    That’s right, CMG brought me nachos today.. where the fuck is that Mexican dude from yesterday making the call.. good job tacoman.

    Let us also remind each other that I had told you yesterday that the stick and meth party was over, while others were quite vociferous in the cowish capitulation. What the hell did you do to duck that he quit?

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  5. Tom Jones

    Go ahead and punch off my chest hair…they are all insured…every…single…one….

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  6. Greekpunk

    Today, Mayor Bloomberg labeled our country’s books equivalent to that of a “Third World Country.” I can list the few things I agree with that Michael Bloomberg has said while in office on both hands ……appears that I need to now add another finger.

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  7. calvino

    Good call on vmi Marty. No moves in AH, however the report is good.

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  8. alphadawgg

    “Should you ignore these dire warnings, I will be forced to track your dumbass down and punch your fucking chest hairs off.”

    Hypothetically, if boca ignored your dire warnings, your actions would be declared null and void. Odd, no?

    Happy Valentines Day everyone

    Off to bone my very own domestic goddess.

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  9. Dogwood

    Greekpunk,

    If you like what Bloomberg is saying, head over to the U.S. Comptroller’s website. David Walker has been spreading the financial gospel for years, but no one is listening.

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  10. JakeGint

    Should you ignore these dire warnings, I will be forced to track your dumbass down and punch your fucking chest hairs off.”

    There is a quarter in Miami where such acts are considered a well-compensated “service.”

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  11. JakeGint

    “Eating chocolates made of gold.”

    Technically, this would ruin the taste.

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  12. JakeGint

    Mo Money, don’t be dissin’ Comrade Obama. You’ll get the Dino all in a hiss.

    He’s here for “change,” comrades.

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  13. jeff -

    make sure in monoatomic gold, you can go down to opus dei and get some

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  14. Juice

    Ben Stein is living in that green & fertile valley of senility. Did you know that the market has gone down these last months because of demonic short sellers?

    Only Kudlow would give such a worthless troll airtime.

    OTH, Heebner is very sharp, still.

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  15. Q4

    In regards to Auction-Rate Bonds…

    “Bloomberg lists entities from Georgetown University, and Nevada Power to New York State’s Dormitory Authority and Metropolitan Transportation Authority, as having experienced failures in recent auctions. “It’s the beginning of the end,” as one analyst claimed.

    The result: soaring interest rates. (Rates at failed auctions are set at a level spelled out in official statements issued at the initial bond sale). Rates on $100 million of bonds sold by the Port Authority of New York and New Jersey soared from 4.3 percent a week ago to 20 percent this week, according to Bloomberg, while Vermont’s Student Assistance Corp. saw the rates on its federally taxable student loan debt jump from 5 percent to 18 percent. The debt issue is insured by Ambac (ABK), the first major bond insurer to lose its AAA credit rating.

    Among those hurt by the auction failures are companies that bought such variable-rate securities as short-term investments, but are now increasingly hard-pushed to unload them, such as Bristol-Myers Squibb (BMY), which announced in January a $275 million writedown of its holdings. ”

    Glory Box

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  16. boca

    hahaha good one alphaDawgg

    Happy Valentine’s Day everybody.

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  17. Juice

    Jake: you like STV at these levels? looks like it bottomed

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  18. Juice

    anyone notice the move bonds made today? rates are rising, jobs shrinking, inflation rising

    ruh roh

    priced the recession back in today

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  19. JakeGint

    Bruce-

    Have been watching STV, but I haven’t been long a Chinese lotto since late December. Conflicts with my massive (and very profitable) FXP position.

    Have been selling the FXP calls … most recently the Feb 95’s which look like they should be gone by tomorrow at no cost to me… but if not, well, I got almost $10 for them three weeks ago.

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  20. JakeGint

    Q4 — always worth while clicking onto your eclectic musical tastes… like a freaking box of chocolates…

    I really like that last one!

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  21. nncoco

    I took my girl to the Ritz Carlton for a VD lunch and had Jello with gold in it.

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  22. jeff

    Upon returning from the Valentine’s dinner, my girl questioned me regarding the Fly’s appearance. Has anyone any information related to this inquiry? She seems to think that the Fly is tall and strong. We are in the midst of an argument about this, as I do not think the Fly is tall.

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  23. 2smuv4u

    Dude, if the after-event for your VD dinner is your GF quizzing you about The Fly, AND if you’ve turned to IBC for the answer, you may want to, uh, reprioritize your issues.

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  24. CAP

    If I recall correctly the Fly is 5’10” and weighs around 180lbs. He does have a large midsection from the daily gorging of buffalo wings, donuts and large Monsters.

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  25. Woodshedder

    2smuv4u, that’s some funny stuff.

    Also, VD (VD??? lol) is not exactly an appetizing acronym to precede dinner.

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  26. BOTD

    BOOOOOO! ritos!

    CMG short play pays big….

    http://www.buyonthedip.com was so right on this one.

    maybe FLY should give the “DUC” tab to BOTD

    p.s. the PG star rating system drama continues….

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  27. jeff

    Uh 2smuv4me, first and second of all, I don’t have any issues. Check yourself for a tootsie roll dick.

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  28. 2smuv4u

    Shed,

    Folks get all skeeved out about VD being “bad”, and then go load up on this stuff:

    http://www.washingtonpost.com/wp-dyn/content/article/2007/10/12/AR2007101201969.html

    Go figure.

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  29. Darren Rowse

    Humph, you’ve changed my mind! Your arguments are convincing indeed. Despite I’m not a person who is easy to be convinced.

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