"I am writing you because, I think you are lying. In a memo to your employees you wrote:
"Over the past few weeks, there has been an enormous amount of confusion and misinformation about Morgan Stanley and others in our peer group. In fragile markets, where fear triumphs over common sense, these things are bound to happen. It is easy to try to respond to the rumor of the day, but that is not usually productive. Instead we should let balanced third parties do their own analysis and let the facts speak.
To help you wade through the maze of numbers and information, it might be worth reading two analyst reports that were published this morning. One is from Howard Chen at Credit Suisse that examines Capital, Funding and Liquidity at Morgan Stanley and Goldman Sachs and, in some detail, highlights the dramatic improvement to our financial strength over the last three years. The other is from Matthew Burnell at Wells Fargo, who writes about Eurozone and Derivative exposure for the sector and plainly underscores that our exposure to the Eurozone and France in particular is not a concern.
I encourage you to stay focused on your job, remember that we are a client-focused Firm and do what you need to do to help our clients navigate this turbulence. It is in times like these when our professionalism, market wisdom and client focus are truly valued."
If you truly gave a shit, and were not a coward, please come out on national television or have an interview with Maria Barfaromo and tell your employees, share holders and board of directors that everything is fine. I am begging you. Stop hiding behind the Lehman computer screen doors and make your presence on camera so I as a shareholder can stop shitting my pants. You have done NOTHING other then condemning Zerohedge and other 'anonymous' truth-seeking blogs. Swear on your mothers grave on live TV and stop the selling, or you, Wall Street, and the entire future financial collapse will be on your head, not mine. And this time, we will come looking for our money one way or another."
I gotta love receiving these emails. It gives me that funny cozy feeling inside.
This wont even get past their front desk... guess we're gonna have to do this Greek style and fuck some shit up.
ReplyDelete"Instead we should let balanced third parties do their own analysis and let the facts speak."
ReplyDeleteWell, here we are...we here in forums like these are the balanced third parties. And here's an analysis...your bank is broken Jim. Close its doors permanently, and go home...
The problem is when these CEOs come out and saying everything is fine portraying confidence, every post comments and videos of Lehman, Bear, etc...say they said so too. So no matter what the company decides as far you win. It's the same with silver. If it goes up you win, if it gets creamed you blame it on everything else, so you win because it wasn't your fault for being wrong. BTW, if you believe in buying puts, you shouldn't own silver, if you buy puts on the something you believe is going up and WAY up accord to you...you will cut your profits huge over time and puts shouldn't be considered unless you believe we are at or near a long term peak. Puts at 30??? Really?
ReplyDeleteOversold Silver Stocks Set To Come Back Strong
ReplyDeletehttp://seekingalpha.com/article/297835-oversold-silver-stocks-set-to-come-back-strong
Crusso: What year is your car? Do you still have insurance on it? You may never use it, but you want it there incase Blythe smashes into your B pillar. Good luck. Sounds like you bought the top at $50.
ReplyDelete@Malcolm: will only be midnight when 3 am "take down" might occur (like last night/morning). If you're bored, log on & watch.
ReplyDelete@Crusso: I suggest (if you believe) you only stack and not log onto any financial/financial discussing/financial speculation, or anything financial. Again, if you believe, keep stacking the PHYZZ. I could be wrong, so don't send me a nasty response, but it sounds like you're either (1) new (2) easily swayed in your opinion/thinking (3) or "hoping". If you're #1 hey, everyone starts on the first step...if you're #2 or #3, then you might be on a path you're not up for at this time.
ReplyDeleteI know why apple got smashed yesterday...
ReplyDeleteBREAKING - Steve Jobs has just died....
ReplyDeleteI've never purchased anything from Straightsilver.com, (markup too high) but I was just looking at their website, and most of their stock is "N/A". Anyone know what's happening?
ReplyDeleteHoly Shit. RIP Mr. Jobs.
ReplyDeleteRIP Mr. Jobs, love your products, a true innovator!
ReplyDelete@Ledbedder,
LOL, I've seen that show! Why watch reruns?
I don't know if any of you have ever seen Brad Metzer's Decoded, but the season premier starts in 5 minutes on History Channel, and it is on Fort Knox.
ReplyDeleteThanks Tom!
ReplyDeleteI flip it on and they're interviewing a guy about gold price suppression, and the ramifications of an empty Fort Knox... I wonder where they're gonna go with this.
What type of effect on the markets do you guys suppose Mr. Jobs passing will have if any?
ReplyDeleteCrusso is right about one thing. If you do see Gorman on CNBC its an act of desperation and they are within a few days of the bank failing. Thats got to be a lesson learned from Bear and Lehman when their CEO's were on.
ReplyDeleteWe should flash mob our local bank branches...
ReplyDelete...on Halloween...
hmmmm....
Anybody want to forward this one to Mr. Gorman?
ReplyDeleteI'm betting at least one employee has read it.
http://www.huffingtonpost.com/robert-reich/europe-debt-crisis_b_996528.html
Im quitting my job the day Greece defaults. If that domino falls, so will the rest.
ReplyDeleteMichael Lewis: United States Needs To Hit Bottom 'Like An Addict'
ReplyDeletehttp://www.huffingtonpost.com/2011/10/05/michael-lewis-america-bottom_n_996852.html
That decoded show on fort Knox was great, I love the part with the financial engineer. He already bugged out. Got phyzzzzzzzz?
ReplyDeleteObama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined
ReplyDelete(CNSNews.com) - The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30.
That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion--more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.
http://www.cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hw
Nitsuj and Eternal Pess. I thought that Fort Knox show was pretty amazing, only because I could not believe it aired on American Prime time TV. It made it pretty clear that if Fort Knox is empty, its game over for the American Economy, and even the people making the show were scared to death of that, never mind the sheeple.
ReplyDeleteI thought that former Senator from Kentucky was interesting. He had been in there and seen the gold before. But now he is saying that we "might " have used the gold for top secret things, and when he was asked what we should do if it was ever found to be empty he said, "run for the border."
I have always believed that you will know the end is near when they start talking about the shit we have all been talking about for years on the MSM. Clearly, that has begun. Get your shit correct boys, not much time left to prepare.
•The fact is that many people in the bottom half of the top 1% wealthiest Americans usually achieved their success after decades of education, hard work, saving and investing as a professional or small business person. A recent article by William Domhoff quotes an investment manager who works with very wealthy clients regarding the top 0.1%:
ReplyDeleteUnlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the U.S. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits. Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting.
http://www.theburningplatform.com/?p=22172
•The Consumer Price Index was 10.0 in December 1913 when the Federal Reserve was created. Today, the index stands at 227. Prices have risen 2,270% in the almost 100 years since the Federal Reserve’s inception, or inversely the dollar can buy what it took $.04 to buy in 1913. Somehow, the banking syndicate that has “achieved” this result has convinced the public that inflation is good for them.
ReplyDelete•When Richard Nixon closed the gold window in 1971, the last check and balance on politicians and bankers was scrapped. The result has been predictable. The National Debt swelled from $400 billion in 1971 to $14.6 trillion today, a 3,650% increase in 40 years. The GDP grew from $1.13 trillion to $15.0 trillion today, a 1,332% increase in 40 years. Politicians have bought the votes of their constituents by making promises and financial commitments that have made debt slaves out of future unborn generations. Without a restraint on money printing, politicians will always choose to not worry about tomorrow.
•The Federal Reserve policies of Alan Greenspan and Ben Bernanke were the single biggest cause of the 2008 financial catastrophe and their current policies have set the country up for the final cataclysmic disintegration of our economic system. By bailing out Wall Street every time they made a high risk bet and lost (1987 Crash, Latin America, S&L Crisis, Asian Crisis, LTCM, Dot Com, 9/11, Housing collapse, Lehman) the Federal Reserve has proven to be a tool for the super rich power elite. By keeping interest rates below where they would be in a free market, the Federal Reserve created the climate for gambling on Wall Street, the home price 3 standard deviation bubble, and the current screwing of senior citizens and savers to boost the profits of Wall Street bankers.
•In August 2008 the Federal Reserve balance sheet consisted of $940 billion of mostly U.S. Treasury securities. Today, the Federal Reserve balance sheet totals $2.9 trillion and is filled with toxic mortgage debt shoveled from the insolvent Wall Street banks onto the plate of the American taxpayer. The Federal Reserve balance sheet is leveraged 55 to 1, meaning a 2% loss would wipe out their capital. Lehman Brothers and Bear Stearns were leveraged 30 to 1 when they went belly up.
http://www.theburningplatform.com/?p=22172
@Tom H: do you think they will air it again? Ventura's show on FEMA camps never aired again, I think.
ReplyDeleteI carry around an Indian head Two and a Half dollar gold piece with me in my wallet.. It is .12 of a troy ounce of gold in it.. I show it to people to try to make them see that our Dollar has no value any more.. A lot of people never heard of such a thing.. It is a great big eye opener to them.. I let them do the math and they are pretty shocked to see what Inflation has done to our money.. Then I tell them how its worth Much more do the fact our PM's are Manipulated.. It usually keeps their interest..
ReplyDeleteLed, my sat. guide shows it airing again on the History Channel Saturday 10/8 at 4:00 pm EST.
ReplyDelete