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
23,545 Blog Posts

Whoops!

It looks like someone has a small margin call of 300 MILLION. No problems. 300 million in space cadet money is equal to 1 “vanillian” space dollars, which as you know is very “doable.”

Perhaps my theory that some “corn cob fuckers” were propping up the banks, in order to prepare them to absorb bad news was true?

CNBC loses again.

NOTE: [[TMA]] only has the “good mortgages,” right Charlie?

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7 comments

  1. Hong Kong Bull

    Good call mate. I went from long to short at lunch time yesterday. 24 hours too early judging by the arse raping I copped today. Having said that, I’ll be the only one in this town smiling tomorrow.

    Note to self, drink extra 8 beers as reward for bearishness in the face of the running of the bulls.

    Remind me to throw full beer cans at my 53″ LCD next time I switch on CNBC.

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  2. treepart

    Financials have been playing Jenga for the last 6-8 months.

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  3. JakeGint

    Hold for Gasparino! Hold for Gasparino!

    Breaking: Moody’s and S&P reaffirm Thormbirg’s AAA rating.

    “Thornburg is safe as houses,” affirmed Moody’s spokeswoman Ima Weasel.

    (Can we still use that phrase?” she was later overheard to say. )

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  4. JakeGint

    Shoot, I canlt edit from the Crackberry, dammit.

    Should be “Thornburg,” obviously.

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  5. Hong Kong Bull

    You know, I was just thinking about that term over my dinner which consisted of “rich man’s chinese dumplings” (xiao long bao) and seafood.

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  6. Pudfucker

    Whoever the big forced seller is that’s caused a 10%-15% markdown in AAA rated securities in two weeks is creating once in a lifetime values for people in a position to pick them off.

    On a side note, Rick Santelli ripped Ned Riley a new one this morning, and he had the best line of the day:

    “Recessions are financial enemas for sick animals” — Rick Santelli to Ned Riley, 02/28/08.

    The clip gets good about 5 minutes into it.

    http://www.cnbc.com/id/15840232?video=667246069&play=1

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  7. Granpa

    While watching this morning I thought to myself,Santelli 1, Riley 0.
    Why don’t people get it??

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