Read it and weep.
From ZH:
Wherein lies the rub: what will end up happening when BAC loses its TBTF status is that CDS referencing CFC will grind tighter to a spread pari with the US, while those referencing BAC (and/or MER) will initially tighten only to surge on the realization that BAC will have lost its government backstopped status (courtesy of the "conservatorship" of its most atrocious division).
Click here ...
And a quick update from two plugs I absolutely would love to see dissipate into the air like a fart.
phyZZ me.
ReplyDeletefizme2
ReplyDeleteTechnically, I think they have a point.
ReplyDeleteDeposits in an insured bank are probably safer than in a shoe box subject to theft, fire, and even rodents.
I'd suggest gold coin buried in PVC tubing myself, but that wasn't an option they prsented.
;-)
pvc, never on holiday.
ReplyDeleteI keep hearing R.E.M. "Gardening at Night", although I'm never quite sure why
ReplyDeleteSGS: On a more serous note, if the market drops 1000+ and hedge funds panic liquidate (=sell paper gold) do you see opportunities for the nimble to pick up cheap PHYZZ before the long-term march returns? Or is that fantasy thinking, will the smarter Central Banks (S Korea, etc) end up putting a floor under it?
ReplyDeleteThis is a statement I fully endorse.
ReplyDeleteJP Morgue.
Just in case you missed it here is a Who Owns the Fed? video
http://www.youtube.com/watch?v=aui3yBIOVzw
Just love his outfit.
David: Yes. I am buyign any weakness in the PM's.
ReplyDeleteLULU @ 48, lol.
ReplyDeleteTinka is being beat down with large moving sell orders...I have put my bids in
ReplyDeleteLol, in the bank. We took my daughters savings out and put in silver when she saw she could only earn .25 cents on $100.00 in a year. So we went and bought silver a couple of years ago instead and made $400 on every $100 she took OUT OF THE BANK! Those women are just selling themselves like any other whore.
ReplyDelete@ coatrackbox...That's why her name is Suzie Whoreman! :)
ReplyDeleteShe adds a whole new meaning to TBTF...Too Blond To Fuck...
ReplyDeleteJim Cramer's 10 reasons to buy BAC:
ReplyDeletehttp://www.zerohedge.com/news/date-january-10-2011-source-jim-cramer-title-10-reasons-buy-bank-america
LULZ
Suzie Orman is a carpet munching POS.
ReplyDelete*Cue Superman theme song*
ReplyDeleteHere comes the Plunge Protection Team....TO THE RESCUE!!!!
Just sold my SDS shares. Now I'm going to buy some Tinka and 100 oz. of Silver. Not bad for a small timer.
ReplyDeleteThey do tell the truth however.
ReplyDelete"The more you know, the safer your money."
The f*ckin' guillotine for the both of them! Rapacious slugs.
ReplyDeleteis anyone else having problems getting onto zerohedge? The last month whenever i try to get there (even by clicking a link to an article via this blog or emails) I get redirected to:
ReplyDeletehttp://www.iana.org/domains/example/
I'm thinking of buying some puts on BAC, Jim Rogers is short a really big bank, I'm assuming its BAC, and I've heard rumors JPM wants to buy BAC.
ReplyDeleteI can't see JPM paying full price, so I would assume they will crash it and buy it for pennies on the dollar.
Any thoughts?