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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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.
Financials have been playing Jenga for the last 6-8 months.
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. )
Shoot, I canlt edit from the Crackberry, dammit.
Should be “Thornburg,” obviously.
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.
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
While watching this morning I thought to myself,Santelli 1, Riley 0.
Why don’t people get it??