My dinner (heavily salted meat with a red wine reduction) was far better than yours; because I do not eat crap— aside from the time when Domino’s pizza gave me a severe case of acute appendicitis.
Developing…
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Barney Frank is a slob.
lol
Barney Frank ain’t no Barney Fife. Barney would arrest Barney if he ever gets to Mayberry.
THE CHIMP CAN SUCK ON MY SALTY BALLZ.
when this political bs gets flushed out and a plan is in place were headed back into 1300’s
The Fly is absolutely right. Mom made chicken soup–again. Must be nice to be The Fly.
haters.
Bush is an orator, equal to only Churchill in skill.
That’s only when he’s been drinking heavily.
I can fix the economy.
We just need to chase away the witches.
This is the only time Bush was an orator:
http://www.youtube.com/watch?v=UdeCl1ZDYwo
my dads a tv repairman. he’s got this awesome set of tools. i can fix the economy.
The drunk Bush wedding video?
From Cheney’s daughter’s marriage to her girlfriend.
True story.
DECK is looking like a money short.
Don’t forget, I have an MBA. I know all about this economic shit.
My guess is a revised bailout bill passes both the Senate and House committees by tomorrow night, possibly even a full House and Senate vote this weekend and then off to the Conference Committee to iron out any differences in language.
You do not eat better than I…be sure of that my friend…make your own pizza…fuck heart burn tomato paste plastic cheese pizza!
I’m thinking that most people will assume that it is a done deal by Friday afternoon. Never mind the fact that it will be open to debate on the floor and subject to fillibuster once it gets out of committee. Something will probably end up passing, but it may get bastardized and delayed extensively.
fuck you George, your daddy bought you the degree
I just had some heavily salted Twinkies with a mayonnaise reduction. I-I-I also had a milkshake, fuckers.
My milkshake is better than yours!
http://www.youtube.com/watch?v=4CIUkmERKA4
How long ago was it that the ” economy’s fundamentals are sound ” ?
Maybe 2 weeks ?
How long will it be before the next panic bailout?
Hey Fly,
What happens if congress doesn’t bail ’em out… are we just super fucked then? You’ve been doing this far longer than I. What if everything just drops… longs and hedges and all? Why not just pull outta the market for a while? Could you lose your 40% year to date gains?
I’m hedged with premium vodka and cheap ciggarettes for the no bailout scenario.
Whatever Congress does or does not, there will be epic winners and losers.
The two sides change places depending on the outcome.
Until the next installment of the crisis.
This bailout moves a part of the losses from their current owners, but there are a lot more where they came from. And they’ll be calling for the end of the world if they don’t get it.
It is a done deal.
I just had rare beef tenderloin roasted this morning, sliced thin on fresh baked bun. I had a champagne cheddar cheese melted over the top. I did not like the cheese. It was kind of boozy. Cold the cheese was great, warm…No!
Bush looked like he was a deer trapped in the headlights…Scarred. I hope the plan works. I like beef not venison.
I’m hedged with a silver bullet so I don’t have to live through this… Plus that means More food and resources for everyone else!
Your Welcome assholes!
“Scarred?”
Was he in a fight before the broadcast?
__
Contractor, just in case — Alphadawg is the one with the bunker, battery powered DVD player, extra food, snacks, liquor and heavy firepower. Party like it’s armageddon. This info is strictly on a need to know basis.
He’s emotionally scarred, Jake.
i’m a pc and i see a big fat tech rally for the next few months.
I had a lunch meeting with my CEO. He served me a fucking smoothie! For real! Dude has a 2000 sq ft office suite, private bathroom, TWO secretaries, and a balcony.
He served me a strawberry smoothie from smoothie king.
The recession is on, bitches.
I can not spell correctly. sorry
Let’s see, O’Bama or Palin’s Spiritual Advisor …. you decide if this isn’t too weird for a right wing conservative?
Wonder if Jake gets a regular exorcism too!
http://www.tribbleagency.com/?p=2337
Oh, and who is the Republican Presidential candidate anyway?
http://www.youtube.com/watch?v=dysEy5O1dn4
Meanwhile …. McCain’s campaign manager was still being paid by FRE until last month …. hmmm
http://www.usnews.com/articles/opinion/2008/09/24/blog-buzz-rick-daviss-fannie-freddie-scandal-continues-mccain-and-the-bailout-obama-leads-in-a-poll.html
Hungry +1
Get a clue E8. Keep going after Palin, you self destructing Dims obviously haven’t been reading your Uncle Remus.
Briar patch, anyone?
In the meantime, your empty suit candidate — the one who’s pulling the Katrina on the financial crisis?
Second largest recipient of Fannie Mae contributions over the LAST TWENTY YEARS
Pretty good for a guy who’s been in office less than four!
ROFLMAO!! Roll commercial!
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Good to know, boca. I’ll bring my “rations”.
I’m seeing a few articles that say a bailout bill will be sent to Bush. Looks like this thing is going to happen!
Before the weekend the market will trade both ways at different times, as if it will happen and as if it may be delayed.
It usually doesn’t do much for P&L to get too far in front of the market.
I do feel sorry for that poor fucker, Ben Bernanke. He’s like your favorite uncle.
fwiw, a bear market & politics may be the least of our problems
http://www.theyfly.com/newsflash95/Earthquake_Tsunami_Warnings.pdf
http://finance.yahoo.com/q?s=^SSEC
Up 500 pts in a few days, that’s what a 30% rally in a week?
First index in the abyss, first out?
Speaking of uncle, I’m on my way to Oklahoma of all places this weekend. Grandma’s birthday! And all my uncles will be there, waiting to see their nephew. Guess what, I’m richer than all of them.
http://my.att.net/s/editorial.dll?pnum=1&bfromind=7403&eeid=6114597&_sitecat=1479&dcatid=0&eetype=article&render=y&ac=-2&ck=&ch=ne&s=en&rg=blsadstrgt
Hold it a moment. I’ve had a nice bottle of cab, and my brain may have (temporarily) malfunctioned.
I am indeed richer than all my uncles combined.
Fuck You!
JRCC announces a $50 MM stock offering adding to it’s $721 MM market cap (about 7% increase) and sees it’s stock get a haircut by $5 (15%) during market hours while COF also announces a stock offering of $750 MM (about 4%) added to it’s cap of $19.75 billion and gets through the day down $1 (2%) until after hours hanky panky when it lost another $3 (6%) …. overall the numbers equate (+7%=-15% vs +4%=-8%) but it’s funny how the one that is shortable got punished right away while the one on “the list” got it’s medicine after hours by whom …. The Newly Exempt Entities? The game is rigged …. Oct 2 will be a nightmare, last one out shut the lights off (bailout or no bailout).
What would be the downside of reducing rates back down to 1%, allowing all those mortgages more affordable, also starting a run to purchase the unoccupied houses, and basically getting the entire building industry going again?
Apart from the decline on the $ (which would also happen under the gazillion dollars to bankers scheme).
Seems to me, if the problem started from housing, we have to correct from there.
who’s had enough of this Donny douchebag?
Juice,
I always wondered if removing the liquid core of the earth would be like letting the air out of a balloon. Better contact Palin’s pastor and request an exorcism of the witches and goblins.
Donny is good people.
BTW, I had 5 volcano tacos tonight.
Stick to bad stock picking E8.
________
And who the fuck is this Grant Wistrom? (besides a washed up Ram, I mean).
___
RC — does that mean a visit to the Vesuvius Bowl this evening?
_______
lol, “besides a washed up Ram, I mean”
Jake … I’m short COF, Asswipe!
Not holding SKF, EEV and SRS like thou … maybe that accounts for your “Mal Content” attitude huh?
grant winstrom
Why don’t you go fuck Barney f/f/f/fuckface Frank!
Excuse me, my wife is trying to make her Mac sync with our stereo. Fucking “West End Girls” ~ Pet Shop Boys. So gay!
E8 — that’s why I told you to stick with the bad stock picking…you’re better off.
Even a blind pig… etc., etc…
__
PS — I sold 80% of my EEV north of $120, and bought all of it under $75. Most of my SKF was purchased well under $60, and I just started adding SRS to my portfolio on Monday. So far, so good, So fuck off.
__
Fuck You Too!
and it’s blind squirrel … nut, fuckface!
How’s business … business brokerage must suck these days, eh?
donny is good people?? whats with the circle jerk? perhaps donny needs a tab, should he takes yours ‘cajun’?
“Even a blind pig finds an acorn every now and again” is the original aphorism, you ill-educated boor.
As I suggested, less talk will keep people guessing how far below “average” you really fall.
It’s a bad enough showing that people know you are old and still a Democrat. Let’s avoid excacerbation, yes?
Grant —
Go fuck a tackling dummy.
(What is this, “retard night?”)
__
Jake, I love you like a fat kid loves cake (in a non gayly way of course).
I’ve had some fine wine tonight. You need that shit when your ass is headed to Oklahoma of all places. All weekend, it’ll be “Boomer Sooner”. I’m not ready for that shit!
FUCK YOU grant winstrom! Go hump a gay man on Capital Hill.
When has SKF ever been below 60 liar? It’s lifetime low since inception (3/07) was around 68 …
C’mon Jake, cool out, it’s the fucking internets.
Donny isn’t getting no muthafuckin tab. And he isn’t good people yet. He started loc’ing out about 4-6 weeks ago. He brags about his kickassery, which is warranted, but some (Ducati) claim his trades are ex-post.
In any event he’s cool, but clearly a lightweight. Mumbling off about how rich you are on a mb after some cab? C’mon Donny, you’re better than that.
donny, if you could trade worth a fuck you wouldn’t have to deal with all the pathetic fuckers in oklahoma huh?
🙂
I like you! That was good.
Straighten up Jake and pull on your shorts … we all know how well read [sic] you are when it comes to party and lashing out.
Sleep Tight …. or would you like the Vasoline?
Everyone, quick, go drink yourselves to sleep.
http://www.ibankcoin.com/flyblog/index.php/2008/06/09/fly-sells-qtww-end-bdco-end-aog/#comment-29103
Check the chart ….
Off to drink kamakozis … Nitefly
Mostly decent traders — politically uniformed morons:
Barney Frank is gay, who cares? Except Larry Craig, Mark Foley…oops.
I certainly don’t claim any great wisdom but I am long here. Particularly broken down ‘financials’ (C, MS) select tech/IT and select energy/commodities. The 4 day cycle is currently the largest, and I think we are near the bottom of the 4 day CMA channel and that the slope is currently up revealing a bullish bias…be it Monday or Tuesday with the noise influence..the bailout is a done deal…obviously. Listen to the CR interview of Rep. Frank. They have to put up at least a little fuss to make it look good for the
sheeple.
RE Barney Frank:
Frank has also been a critic of aspects of the Federal Reserve system, partnering with some Republicans in this opposition.[19] Frank says that he and Republican Congressman Ron Paul “first bonded because we were both conspicuous nonworshipers at the Temple of the Fed and of the High Priest [Alan] Greenspan.”[19]
Frank has also partnered with Paul in support of online gambling rights. In 2006, both strongly opposed H.R. 4777, the Internet Gambling Prohibition and Enforcement Act,[20] and H.R. 4411, the Goodlatte-Leach Internet Gambling Prohibition Act.[21] To restore online gambling rights, in 2007 Frank sponsored H.R. 2046, the Internet Gambling Regulation and Enforcement Act.[22] This bill would have established licensing and regulation of online gaming sites. It provided for age verification and protections for compulsive gamblers. In 2008, he and Paul introduced H.R. 5767, the Payment Systems Protection Act, a bill that sought to place a moratorium on enforcement of the Unlawful Internet Gambling Enforcement Act while the U.S. Treasury Department and the Federal Reserve defined “unlawful Internet gambling”. As a result of these efforts, Frank (who does not gamble) has become a hero to poker players and online gamblers, including many Republicans.[23]
lol, “retard night”. Saw a bunch of “short-buses” parked out in front.
In other news, got the NFL Network added back on; life’s good once again. Plus, you get Fox Soccer Channel (shield your eyes, Jake!) thrown in as well.
I have a feeling that tomorrow and/or Friday will see some serious fireworks due to this super-special-extraordinary-summit.
Late night doomsday-special scenario: some sort of tragedy/attack at the Bush-Obama-McCain trifecta. Now that’s what I would call armageddon!
Scully:
Barney is partially responsible for the mess by not supporting stronger oversight on the GSC’s in 2005. He should be the last person to talk.
Ron Paul just end endorsed a homo hating, trade restrictionist anti-immigration twerp from Jerry Falwell’s church. He could have supported the libertarian party candidate but he’s a dickhead.
It was all my fault.
Congressman Ron Paul
Statement before the Joint Economic Committee
“The Economic Outlook”
September 24, 2008
Mr. Chairman, I believe that our economy faces a bleak future, particularly if the latest $700 billion bailout plan ends up passing. We risk committing the same errors that prolonged the misery of the Great Depression, namely keeping prices from falling. Instead of allowing overvalued financial assets to take a hit and trade on the market at a more realistic value, the government seeks to purchase overvalued or worthless assets and hold them in the unrealistic hope that at some point in the next few decades, someone might be willing to purchase them.
One of the perverse effects of this bailout proposal is that the worst-performing firms, and those who interjected themselves most deeply into mortgage-backed securities, credit default swaps, and special investment vehicles will be those who benefit the most from this bailout. As with the bailout of airlines in the aftermath of 9/11, those businesses who were the least efficient, least productive, and least concerned with serving consumers are those who will be rewarded for their mismanagement with a government handout, rather than the failure of their company that is proper to the market. This creates a dangerous moral hazard, as the precedent of bailing out reckless lending will lead to even more reckless lending and irresponsible behavior on the part of financial firms in the future.
This bailout is a slipshod proposal, slapped together haphazardly and forced on an unwilling Congress with the threat that not passing it will lead to the collapse of the financial system. Some of the proposed alternatives are no better, for instance those which propose a government equity share in bailed-out companies. That we have come to a point where outright purchases of private sector companies is not only proposed but accepted by many who claim to be defenders of free markets bodes ill for the future of American society.
As with many other government proposals, the opportunity cost of this bailout goes unmentioned. $700 billion tied up in illiquid assets is $700 billion that is not put to productive use. That amount of money in the private sector could be used to research new technologies, start small business that create thousands of jobs, or upgrade vital infrastructure. Instead, that money will be siphoned off into unproductive assets which may burden the government for years to come. The great French economist Frederic Bastiat is famous for explaining the difference between what is seen and what is unseen. In this case the bailout’s proponents see the alleged benefits, while they fail to see the jobs, businesses, and technologies not created due to this utter waste of money.
The housing bubble has burst, unemployment is on the rise, and the dollar weakens every day. Unfortunately our leaders have failed to learn from the mistakes of previous generations and continue to lead us down the road toward economic ruin.
I helped Al Gore invent the internet. Without me thith methage board wouldn’t even exitht!!
my breakfast that is: a bowl of hot oatmeal and 7 grain cerial with blueberries, walnut and low-fat milk; a small portion of wild salmon; decaf green tea sweetened with stevia, never sugar and a balanced multi w minerals
btw $700 is billion not enough anyhow. There is 62 trillion in credit default swaps alone
good trading
strawberry pop tart and a cup of black coffee. breakfast of champions.
the bill will pass and stocks will rally. sentiment is way too negative to be short right now. wait for everyone to think the storm has passed and put their money back in. then short this fucker to hell.
>
> I’m against the $85,000,000,000.00 bailout of AIG. Instead, I’m in favor of
> giving $85,000,000,000 to America in a ‘We Deserve It Dividend’.
>
> To make the math simple, let’s assume there are 200,000,000 bonafide U.S.
> Citizens 18+. Our population is about 301,000,000 +/- counting every man,
> woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
> So divide 200 million adults 18+ into $85 billion that equals $425,000.00.
>
> My plan is to give $425,000 to every person 18+ as a ‘We Deserve It
> Dividend’. Of course, it would NOT be tax free. So let’s assume a tax rate
> of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends
> $25,500,000,000 right back to Uncle Sam.
>
> But it means that every adult 18+ has $297,500.00 in their pocket. A
> husband and wife has $595,000.00.
>
> What would you do with $297,500.00 to $595,000.00 in your family?
> . Pay off your mortgage – housing crisis solved.
> . Repay college loans – what a great boost to new grads
> . Put away money for college – it’ll be there
> . Save in a bank – create money to loan to entrepreneurs.
> . Buy a new car – create jobs
> . Invest in the market – capital drives growth
> . Pay for your parent’s medical insurance – health care improves
> . Enable Deadbeat Dads to come clean – or else
>
> Remember this is for every adult U S Citizen 18+ including the folks who
> lost their jobs at Lehman Brothers and every other company that is cutting
> back. And of course, for those serving in our Armed Forces.
>
> If we’re going to re-distribute wealth let’s really do it….instead of
> trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that is
> being proposed by one of our candidates for President.
>
> If we’re going to do an $85 billion bailout, let’s bail out every adult U S
> Citizen 18+
> As for AIG –
> . liquidate it.
> . Sell off its parts.
> . Let American General go back to being American General.
> . Sell off the real estate.
> . Let the private sector bargain hunters cut it up and clean it up.
>
> Here’s my rationale. We deserve it and AIG doesn’t.
>
> Sure it’s a crazy idea that can ‘never work.’ But can you imagine the
> Coast-To-Coast Block Party! How do you spell Economic Boom?
>
> I trust my fellow adult Americans to know how to use the $85 billion We
> deserve the ‘We Deserve It Dividend’ more than the geniuses at AIG or in
> Washington DC.
>
> And remember, The Family plan only really costs $59.5 billion because $25.5
> billion is returned instantly in taxes to Uncle Sam.
>
700b in american play money won’t even tickle this whore market. It will bail out some fat cats, first to the trough, but thats it. I’m outa yankee financials, even with the coming bull.Your government are asshats.
whynot- you’ve got my vote.
You musta got here on the long bus.
E8 — You are correct about SKF’s trading history, and yet, I am still in the stock below $60.
How could both be true?
(Hint: I’ve only talked it about it here about a hundred times.)
___________
Erin — now I know why your ass is as wide as the Little Bus. 😉
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fucking t-bills are through the roof again this morning. money markets are seriously concerned that this thing isn’t going through.
Canuckistan —
Do you suffer under the delusion that the “Duluth, Minnesota-sized” economy of Canada can chunter on whilst Big Brother has the ague?
I hope you have some maple leaves at home, and I’m not talking about the flag.
_______
Why not, sounds like a great plan.
Until you check your math, that is.
Try that “$85 billion divided by 200 million persons” equation one more time maybe?
__________
Sniper6 — Nope, that’s “little bus” material, all the way.
Jake – You need to have your witches chased away.
Anonymous Douchebag– If you do the “fake name” thing, you need to make it a lot more clever than that.
And not as tiresomely repetitive.
__
@Fly sez: because I do not eat crap…
Yep, you and Donny be eatin’ good! Youse have all the best food and be livin’ the good life too. Oh, and Donny, you be cut out of the family trust now.
I can’t wait for the real crash when “Do Not Short Rule” expires.
Zen — Ironically, the crash will be worse if the “do not short rule” is in place.
“No bids.”
___
ah shit, I just wanted the $297k. Fuck me runnin’.
My breakfast, a hand full of angry hornets, washed down with used motor oil
Letterman rips McCain from RC’s other blog (???)
http://cajunboyinthecity.blogspot.com/2008/09/letterman-rips-old-asshole-mccain-new.html
Letterman rips McCain from RC’s other blog (???)
http://cajunboyinthecity.blogspot.com/2008/09/letterman-rips-old-asshole-mccain-new.html
Sniper — lol, measurably better than pop tarts! Lotsa of “B-12” in those angry hornets!
________
Rona: Notice how the fuckin’ DIMWITS that
post mindless bullshit on this blog IGNORED
your sensible suggestion of cutting ST rates
back to 1%?
No womder the fuckin’ country is in such an
endless shitload of trouble under Fuehrer Busch.
Only in the fucktarded world of the dimwit media would ditching the Letterman Show in order to attend to one’s extremely important job in a time of exigence be defined as “bailing out in a crisis.”
Jeez, these celebrity wackjobs (and their dimwit People Magazine snarfing sycophants) live in another world.
__
Jake:
He didn’t leave letterman to go to Washington. Instead, he was with Katie Couric. They had the live news feed on him the whole time.
I guess Couric is better looking
Letterman is a turdcactus.
Get out while the gettin is better than nothing.
Listen up … there’s gonna be a DEPRESSION/horrid recession .. this up move is gonna be nothing but a blip on the elevator to the ground floor.
Be careful.
Well, Couric is better looking, and a hard news reporter (allegedly). I think he spoke to her on his way back down, and specifically about the reason he was heading to Washington.
Going on a comedy gab show maybe wouldn’t have been such a good idea given the circumstances of yesterday.
___
Jake. He’s still in NY today because he’s hanging out with Clinton.
QLD ~ UP
UYG ~ UP More
Donny wins again!
Is better than 18th Brumiere:
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND
Done for the AM. Thanks short GG(sorry Jake), PAAS.
Pricks won’t let me short KRE (regional bank etf). I guess I wasn’t done for the AM.
Jake. Any thoughts on the disconnect between the credit markets and the stock market?
http://www.bloomberg.com/apps/news?pid=20601087&sid=awv1QKvaA708&refer=home
Buy the rumor sell the fact maybe?
Yogi — my thought is this: “Credit markets lead the equities.”
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“Would you care for an unwashed Romaine salad with your flank steak, sir???”