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… |
