As soon as the Fed announced that they were going to clown rape you [[UYG]] dip buying motherfuckers, my television went offline. I find that to be fishy.
Anyway, the Fed is not here to help, gentleman. I suppose the republicans have finally remembered their laissez faire ways, and is making wall street pay for its sins.
Fair enough. I can live with that.
I just bought a small truckload of [[SKF]] , [[SRS]] and shorted 3,000 Legg Mason, Inc. [[LM]] .
NOTE: Stop dip buying, assholes. Credit default swaps are through the roof. Down we go.
If you enjoy the content at iBankCoin, please follow us on Twitter
My internet connection dropped as soon as the decision was announced. No shit I do not lie. Short MS with impunity.
FLY
Here is a short press release from AXA on their exposure to LEH and AIG
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BCOM&date=20080916&id=9149994
THoughts
Amazing FED decision.
The house is on fire, they have the liquidity hose, but they’re going to let the motherfucker burn.
Cramer will go ballistic.
Maybe someone will finally take this bag of KBH puts from me.
Beware the Costanza effort to throw the dogs off the scent. And here it is …. AIG “Spanking Hank Greenberg to the RESCUE!”
Hold your short sales!
NOT !!!!
Let’s see what AXA says about AIG.
Uncle Ben wishes to slay the inflation dragon ala Paul Volcker style.
Ill paste it:
AXA confirmed it has a non material equity exposure to Lehman Brothers and American International Group Co confirmed it has a non material equity exposure to Lehman Brothers (LEH) and American International Group (AIG): The Group holds a proprietary equity interest in Lehman Brothers of approx 0.05% of Lehman Brothers’ total outstanding common shares. The Group’s credit exposure to Lehman Brothers (including credit default swaps) net of policyholders’ participation and net of tax is approx Euro 300 million. The Group holds a proprietary equity interest in AIG of approx 0.02% of AIG’s total outstanding common shares. The Group’s credit exposure to AIG (including credit default swaps) net of policyholders’ participation and net of tax is approx Euro 150 mln. Recent press reports citing larger AXA holdings of Lehman and AIG common stock refer to assets held in 3rd party client accounts managed principally by AXA’s 63% owned asset management subsidiary AllianceBernstein which are not proprietary assets of the AXA Group.
Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.
Read more In Play articles
No government cheese for you!
bummer .. I had some nice crackers all lined up 🙁
I’m taking screen shots of all the pages on ibankcoin. 50 years from now when my grandkids ask me what I was doing during the Great Financial Collapse of 2008 I can show them the screen shots.
Costanza is trying to make an appearance.
Hey, what’s going on? Did I miss something?
“Spanking Hank” eh? LOL.
AB is a good short too. Thanks for reminding me.
No rate cut! Bush, Paulson, Bernake, this kind of dumb goes all the way to the bone.
They are clueless!
AXA is my health insurer so if they go under I will need to go on medicaid (if I qualify) or perform surgery on myself with a sharp knife. Or I could end up in a non air conditioned hospital with the surgeon being Herr Mengle (of the SS) just like Fly.
Fly, I have now received numerous reports from friends who also have had mysterious cable and internet outages in my area over the last few days…it sure smells like some gov’t ass-clowns at work. Mother fuckers!
Yesterday it was just before the close of the markets…something very fishy, indeed!
Costanza : “I’m HERE BABY !! WHOOPEEEEE !!!!!”
Fed to the rescue?
AHEM, you were saying?
WTF just happened?
I went to take a leak and 200 points up.
AIG may get loan package from Federal Reserve, person says-Bloomberg
Here we go:
American Intl: Fed reconsiders stance on helping AIG, person says – Bloomberg (3.26 -1.46) -Update-
AIG may get loan package from Federal Reserve, person says – Bloomberg
This market is for insane pigfuckers, only.
This is getting fucking nuts. I am done. Fuck you, all you faggots. I am heading to the Merc now to spit on the fucking windows. Then over to punch Rick “Dirty Sanchez” Santelli
I will make sure to get hold of the fucker who leaked this news. I worked my arse off to give a +500 stroke to the markets.
Yeah Mr. Cocks, they should have saved that AIG news for after hours.
Why the hell are FNM and FRE still trading?
It’s about time the old Gappy is back!
I want to know who this “person” was. It must be the same “person” that talks to Charlie Gasparino.
Impossible to trade for this Daytrading Moron. I’m taking a nap.
Screw it, I’m shorting some more.
Great move by the FEDS …
1. Dissappoint the market with no cut
2. Let the shorts get all lathered up, drooling, placing armageddon bets, galore
3. Place a statement that AIG bail is NOT off the table
4. Enter Costanza
Everything but AIG can go. Everything fuckers. That includes my shirt.
+1 to Juice. Talk about manipulation. Motherfuckers.
Fly, thanks for the last couple of posts. Wasn’t really paying attention after buying a half ton of SKF earlier today. Dumped them for a quick gain after your “Here we go” post. Still ahead on my lower cost basis SKF.
Do you think a few of the sovereign wealth funds might get together to backstop AIG? Would probably be repaid in diplomatic concessions, fighter planes and US protection over the next several years.
I just want to get in on some UAUA.
Fuck all these cheesy opportunities.
I remain short PACW despite the fact it’s left tire marks all over my face. But come on this POS isn’t worth 2x book given the fact that it’s goodwill and construction loans are equal to 2x book value.
you can’t really put a multiple on these two non-assets can you!
great net interest margin at PACW… but BAD BANK.
to appease the trading gods I covered my SKF short today.
Thanks for the money wall street
Economy: still bad
Economic outlook: still bad