Morgan Stanley’s prime brokerage has lost about ten percent of its hedge fund clients, Bloomberg is reporting . But you probably already knew that the hedgies were running for the exits.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Bloomberg has a prime brokerage?
Do you mean abandoning ML’s PB or am I that slow today?
FIF
John Carney abandons common sense with this headline.
blndebnker, you’re not seeing things after the all-nighter.
Bloomberg apparently now has a prime brokerage, Dealbreaker first.
@5 – I wish I had an all-nighter last night. But thanks for the reassurance.
blndebnker – anytime you need an all nighter, I’m right here for you babe, keeping those satin sheets nice and cozy.
Explains it all:
http://bloomberg.com/apps/news?pid=20601110&sid=avLPxh.uSpH4
I remember back when Goldman was at 100
HAHhahaha @8. This post is a shitshow. Not the standard DB fare.
Explains it all:
http://bloomberg.com/apps/news?pid=20601110&sid=avLPxh.uSpH4
do you think the ppl at GS are freaking out?
@10…this is sad to see. The last few weeks have been a trainwreck…but fun trading
Morgan Stanley 169 percent OWNED!!
SAY HELLO TO YOUR NEW CHINESE OVERLORD MANAGING DIRECTORS.
You guys better polish up on your mandarin chinese if you wanna keep your jobs.
@10 – GS just got hammered…
15 – There aren’t ‘people’ at GS, there are cold blooded fee generating machines, sent back in time to eliminate liabilities and accumulate assets.
and if they’re doing anything ‘people like’ right now, they’re waiting
can this be financial terrorism?
Okay, let me be the first: Morgan Stanley all alone and will probably arrange a deal. They have no choice, in spite of their inflated sense of self, will not qualify for federal assistance. Buyout or bust only options from here.
Sorry. There were too many things going on at once, and that item got garbled. Straightened out now.
@15 I think I saw them setting up the inflatable suicide matts outside
You meant ML? But hedgies leaving both GS and MS too.
PB is turning out to be the hottest of hot money.
Why? BofA has a prime brokerage unit.
Hedge funds aren’t withdrawing because they’re running for the exits. Hedge funds are withdrawing cash because they’re all about to collapse as well.
Gasparino just said it again after saying it this morning on CNBC that MS/WB would be a good cultural fit because John Mack is from North Carolina. How f*cking stupid is he?
p.s. google finance officially has more up-to-date pricing than my bloomberg
Do you think goldman VP bonuses will be affected this year?
@26
That’s what’s keeping me up nights at this point. The silence from the hedge funds is deafening, and the levels of leverage with the hedgies makes the IB’s look like a widow and orphan fund.
@26
wrong.
@29 i think your job will be affected
Any chance there is an outside sovereign entity picking off these institutions? Some of the slides don’t seem to make any sense, e.g. State Street.
Do you think VP bonuses at Goldman will be affected?
@ 26
as 31 points out, BofA sold it to BNP Paribas, who has signed up a good amount of funds in the past week (Leh fallout)
@ Carney – bfd MS lost 10% of their pb clients, that’s HARDLY running for the exits, come on, resist the urge to resort to sensationalist reporting buddy
@26
wrong.
Any chance there is an outside sovereign entity picking off these institutions? Some of the slides don’t seem to make any sense, e.g. State Street.
@35
Depends on who the 10% is. If its the big boys, could easily be half the business…..
trying to find a good firefox add-on to put real-time stock quotes in my browser- you guys know of any good ones?
Can we please get an update on how our friends the Quants are doing?
BK – BANK OF NY IS NEXT
After IBanks, its the custodial banks.
BK first
STT Second
are the ones to die
BK is very vulnerable.
SHORT AND KILL IT.. BEFORE SEC BANS SHORTING
Deutsche Bank is NEXT
SHORT IT NOW!!!
http://finance.yahoo.com/q?s=db
My name is George. I’m unemployed and I live with my parents.
(worth a try)
Call it Mogan Stanree
@15: Not sure about their panic, but for some reason, the guy with the “We Buy Gold” sandwich board has moved from Wall St to 85 Broad
No new shorting in UK til January 16th
@42 – give it a rest, its getting old in EVERY POST
@29 are you serious
Can we talk about something else beside MS and GS?
“SHORT AND KILL IT.. BEFORE SEC BANS SHORTING”
hahaha
WHAT THE FUCK BANNING SHORTING OF FINANCIAL STOCKS IN THE UK – THAT IS COMPLETE BULLSHIT.
WHAT THE FUCK HAPPENS TO SHORT ETF”S they just halt trading?
WHAT THE FUCK BANNING SHORTING OF FINANCIAL STOCKS IN THE UK – THAT IS COMPLETE BULLSHIT.
WHAT THE FUCK HAPPENS TO SHORT ETF”S they just halt trading?
MS getting hammered again…off ten bucks on the day
@50
you fucking idiot ….ur mother aint proud of u
UK FSA just did that
Why do you think SEC wont follow suit
Hate Morgovia. I was rooting for Moo Shu Stanley.
What does Crisco Shortening have to do with stocks?
is arca down?
or just my 3rd world interface?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNriOV.A5w1E
BK Is BK
BK Is BK
BK is BK
BK is BK
“An institutional fund run by Bank of New York Mellon Corp. designed to work like a money-market account fell to less than $1 a share after losses on debt issued by bankrupt Lehman Brothers Holdings Inc.
The $22 billion BNY Institutional Cash Reserves fell to $0.991 a share on Sept. 16, according to an e-mail sent by a bank representative to one client. BNY Mellon has “isolated the Lehman assets in the fund into a separate structure,” Ivan Royle, a spokesman for the New York-based company, said today …
Did the UK FSA also ban buying puts? or were they only going to make a half-ass effort at banning market efficiency? Maybe we should ban selling entirely! everyone can only buy! buy! buy! buy! it’s your patriotic duty!
NEW YORK TIMES SAYS THAT BECAUSE THE SOURCES WERE NOT PRESENT DURING THE DISCUSSIONS, THEY COULD NOT CONFIRM THAT MACK SAID “WE NEED A MERGER PARTNER OR WE’RE NOT GOING TO MAKE IT”
Thursday, September 18, 2008 1:16:27 PM (GMT-04:00)
Provided by: Reuters News
IONS, THEY COULD NOT CONFIRM THAT MACK SAID “WE NEED A MERGER PARTNER OR WE’RE NOT GOING TO MAKE IT”
(C) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content
Okay, here’s a new topic: GASBAG’s SPITTLE !!!
Dear GOD! Did anyone else witness this horror around 8am today???
Someone has got to find a link and post this — it was a HUGE blob in the middle of his lip. At first it looked like an unfortunate cold sore, and then …
It suddenly attached to his upper lip and moved like a piece of string cheese. This went on for several minutes until he must have realized and licked it off.
I thought I was going to vomit.
He should be fired for that alone.
Banning shorting creates black markets and reduces transparency even more. Why would anyone think this is a good idea?
The price of Dealbreaker’s top notch coverage over the last 2 weeks: all of the wankers from the Yahoo boards showing up and shitting all over the place.
-Dick in CLT
CS is up 10%, wtf?
Those white shoes look pretty dirty now motha fuckas
Which one is gasbag?
Morgan Stanley going down faster than a 20 dollar crackwhore hooker!!
Oh wait they are cheaper than the crackwhore!!
BAnk of new york is going under.
Lehman has too much exposure on the bank of new york
BK is BK
I hope the Oracle of Omaha can get us out of this!
Anyone else think it’s weird that MS and GS both bottom at EXACTLY 1:00pm today?
MS has lost over a 100 billion in PB balances, people worried about counterparty rick, ala Leh you retards.
@70 where did you see that?
@70 where did you see that? ps.. thas not very much at all
@ 62 because politicians are now paying attention and trying to scapegoat the situation.
Short sellers are the easy targets.
But for them you might have to pay attention to the fact that it was actually the SEC in 2004 that gave MER, LEH, BSC, GS and MS an exemption on the debt to net capital ratio which was suppossed to be 12:1 and SEC allowed them to go to 40:1.
What happens when you ban the short sellers and the market still goes down?
ps – we are becoming more and more like russia every day!
Bank of New York needs to merge with the Red Mafia in order to survive.
@65 — you can’t miss him. He’s the douche with the glasses usually breaking news (and maybe wind) on Leh, Bear, and other crises “du jour”
The spittle was priceless. Just tried finding it on youtube.
Did anyone else see this? Bess ????
GS and MS should merge with waste management so that they have a strategic partner who can ‘go to the mattresses’ to take care of the short sellers
WOOO HOOO!!!! I am making a KILLING shorting the investment banks!!
Thanks, you guys just bought me a new mercedes E500, a brand new escalade and 2 vacations!!!
LOL easiest money I ever made, EVER!!!
77 Scary part is that you could just have easily lost the same amount.
Anyone taking bets on an MS bounce-back to $30.00+ next week?
WB up 43%?
@41 – thx for driving BK down for no reason. bought the bottom and made 35% in last hour. anyone who holds a financial for longer than that has some balls/insider info.
Do you think analyst bonuses will be down this year?
Wells Fargo up nicely. So much for the universal bank model.
I doubt it was 41′s doing (bush?). He can’t even write a coherent sentence.
@72 it actually is alot, believe me. This was wwhat ultimately killed BSC. However, having access to the window is probably a huge help. PS, that was in a three day period genius.
FSA bans short selling due to HBOS??!?!!?!
Isn’t what that jackass is doing with BK is illegal…
@69 very strange.
87 If it was, about 40% of the people on Yahoo Finance message boards would be arrested. An anon post that says “BK is going to fail” is far from insider knowledge.
NEW FORUM TO DISCUSS UK SHORSELLING FALLOUT – will all the brits start shorting US markets? will US have to make similar rule? Arrrghhh
This place is getting silly. Ban guests!
In other news, McCain said Cox should be fired. Bush said Cox is doing a heckuva job like that FEMA guy.
@ 69 very interesting
@41 @89
Fuck u bastard. Live in denial.
BKs fund just broke the buck.
http://calculatedrisk.blogspot.com/2008/09/more-money-market-fund-troubles.html
BK is BK u little cockd bastard.
I am typing here so that you and I can make money. If u want to lose more money in the financials…pls sell yoru mom with it too
What is up with SKF? NAV is going to be $145-147 after today and it is trading at $128. Are people complete idiots?
@94 NAV? What’s that?
@82
Yes, all bonuses will be down this year, retard. Ask some of the older kids about the 2002 bonus cycle.
everyone seems to have taken collective leave of their senses. Short selling cannot cause a bank to collapse in the first instance – a declining share price has no effect on the capital position of the bank. (of course there are secondary effects…)
@95 NAV = Not a Virgin
Meaning.. I have invested in Mutual Funds and I have been fucked.
@97 – but it pushes up CDS and reduces counterparty confidence, all of which act as negative feedback into the stock price…negative feedback loop
@93 please go back to trading your $100K personal account.
@97–and cancer does not clinically cause depression but see how you feel when you find out you have it.
#97 – it affects CP sales, which affects their ability to raise money, etc etc
@100
and you will live in poverty ?
u dont have a liking for a date with Mrs Donald Trump ?
@99
of course, but only if CDS dealers don’t believe in the credit… and if no one believes in the credit – the bank deserves to go bust.
Anyone wonder why Hillary has been so quiet?
Take a guess.
Date: Tuesday, September 16, 2008
On or about October 5th, Biden will excuse himself from the ticket, citing health problems, and he will be replaced by Hillary. This is timed to occur after the VP debate on
10/2. There have been talks all weekend about how to proceed with this info. Generally, the feeling is that we should all go ahead and get it out thereto as many blog sites and personal email lists as is possible. I have already seen a few short blurbs about this – the ‘health problem’ cited in those articles was aneurysm. Probably many of you have heard the same rumblings. However, at this point, with this inside info from the DNC, it looks like this Obama strategy will be a go.
When did this comment section become Yahoo Finance?
I hate the direction we are headed.
I never thought I would say this but I miss Mayo, Sham-Wow, First, Second, Third, too long didnt read, I dont make money I print it, Larry Craig, and Timmmaaaaay. I almost even miss the guy from Delaware…
All of the above were better than the yahoo dipshits infesting this place now.
Its easy to ignore MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO MAYO
But I swear to god if I pay attention to another post about predicting the bottom, buying puts, or that Bess is really a man I’m gonna lose it.
Carney you fool you did this…you brought this upon yourself.
i agree 107
*RIP* Sham-wow
carney!!!!!
i’m sad to see you go buddy.
http://www.mediabistro.com/fishbowlny/the_revolving_door/carney_to_leave_dealbreaker_for_new_silicon_alley_insider_financial_site_94916.asp
ktb
DB should pre-screen all posters.
Speaking of abandoning, it’s pretty funny to see Felix scoop your own story: Carney Leaving Dealbreaker — http://www.portfolio.com/views/blogs/market-movers/2008/09/18/blogonomics-blodget-poaches-carney
@105
links to this?
“more mature than DB” Really?
what’s a nubian?
http://www.snopes.com/politics/obama/vpchange.asp
114, a negro, I beleive.
what the fuck carney
107, 110 Actually, I think the problem is that for the past week (is it only a week?), anyone with half a brain has been too busy to be here. Present company excluded of course.
John,
Did Bess cry when you told her?
I hope not.
@120– hah. that was a good one.
Can all the Yahoo Finance assholes GTFO?
@94
Who knows what is going to happen with the rules regarding short selling financials?
Kramer just said this could be financial terrorism.
J.C.
Can your bro at WSJ take over?
andrew ross sorkin for replacement!
after the bank collapse is stopped (or we go back to middle age) the USD should decrease in value….this financial system is clearly WEAK…why having dollars? the Capital is not in heer anymore
Honestly Bess…you could start a blog about the impact of menstruation on post-modernist feminist basket weaving as inspired by the egret and I would still read your shit daily (monthly?…)
@94 re:SKF
Who knows what is going to happen to the rules with short selling financials?
Cramer just put financial terrorism on the table for fucks sake.
First Lat, then Carney? What’s going on over there?
J.C.
Can your bro at WSJ take over?
Now we have taken leave of our senses – cramer actually discussing terrorists as short sellers. “this could be financial terrorism”.
Which means we now have a “national security” reason to ban short sellers.
Short sellers with duo citizenship – avoid travel for the next 4 weeks unless you want a free trip to gitmo or some other black site.
@128– lat was promoted to managing editor, ie he still works here
@110
Agreed. Any negative comments about Hillary, Obama, Democrats, socialism, naked squirrels, etc. should be filtered out.
Sham-wow and mayo, are still ok.
93 = timmmayy
MAYO
Now that Carney is leaving, you are all welcome over at my shop. The posts aren’t as frequent, the verbiage is more pompous, and no trolls can comment on the site (except me).
But hey, as Carney says, Wall Street is changing, and probably for the worse. Besides, you can always IM Bess and EP over here anyway.
Best,
The Epicurean Dealmaker
http://epicureandealmaker.blogspot.com
@132 – I know but Mr. Mystal is not his equal. The fact that Lat is still in the same building doen’t help me.
136 = bottom feeder.
(mmmmm, plump & hairy…)
What are the chances that EP becomes Editor? she did mysteriously pop up in the last week or two… Also, does that mean she gets exposed?
Wait a minute, @133, I like reading about naked squirrels.
Too many comments, didn’t read.
What are the chances that EP becomes Editor? she did mysteriously pop up in the last week or two… Also, does that mean she gets exposed?
@136– no thanks, spamming epicurean douche
No Carney to kick around anymore? This is good for Carney. Good luck!
A U.S. Senate subcommittee told JP Morgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) on Wednesday to immediately start turning over a year’s worth of internal documents about the bank’s view on oil prices, The New York Times said citing a letter.
The move came after the subcommittee obtained a private message in which an investment officer seemed to contradict testimony other bank executives gave to the Senate this week, the paper said.
A JP Morgan Chase spokesman told the paper the bank would “respond appropriately” to the demand.
JP Morgan Chase could not be immediately reached for comment by Reuters on Thursday.
The New York Times said the letter was sent to JP Morgan Chief Executive Jamie Dimon by Senator Byron L. Dorgan, Democrat of North Dakota and the chairman of the Senate Energy subcommittee, which held a hearing on Tuesday on the role of speculators in moving oil prices.
Lawrence Eagles , who joined the bank as head of global commodity research recently after several years as the head of the International Energy Agency’s (IEA) markets division, told the hearing the bank believed high energy prices are fundamentally the result of supply and demand, not speculation, the NYT said.
However on Wednesday, Senator Dorgan released what he said was a contradictory e-mail message sent to banking clients on Tuesday by the bank’s global chief investment officer, Michael Cembalest, the paper said.
That message blamed “an enormous amount of speculation pent up in energy markets,” for the high price and added, “It wasn’t just the supply-demand equation.”
Senator Dorgan asked Dimon for an explanation in the letter, according to the paper.
Anyone who’s played backgammon with Fatih Birol at the IEA might understand the people he works with and how dubious their qualifications and moral compasses may be. Good luck JP!
WB up 46%. WTF?!?
Will dealbreaker be the same without carney? I’m already feeling pissed off by the yahoo trolls
Cramer is on CNBC talking about how terrorists are shorting US
equities to bring down the economy. Hope this is just another one of his insane rants.
WSJ rptng that LEH MA chief hired by Count Vikula…where the FUCK is DB on these news items today..WSJ is beating them to the punch…FOR SHAME.
As long as mayo and sham-wow don’t show up to the new site I’m sold…hopefully BL will get picked up as well
@139
only the NEGATIVE naked squirrel comments will be filtered. after all this is Amerika.
Cramer is a fucking gas bag. Jesus Christ, someone “short” his next airplane flight into a mountain.
cramer just put cox in his mouth.
@143 – I pray
too opaque, didn’t invest
What new site are you guys talking about? Also is Carney gone?
Carney is outta here? Oh that is totally fucked…he lives right in the middle of this storm!
Nice way to leave us in the trenches taking grenades, Carney! I hope you flip over the handle bars on your bike and knock out your two front teeth!
You better not take BL…no fucking way.
Lat, if you are reading this and you dare fucking do another idol style fuck show like you did at ATL and stick us with someone like that fucking opher Mystal…
http://www.shamwow.com/
THIS JUST IN – Carney has left the DB building (i.e. small corner office) for the day and forever.
This is all obviously a takeover being staged by the NC banks, in order to make Charlotte the new banking capital of the world!
@161: Indeed.
“Squeal like a pig” boys!
McCain calls for firing Cox. That oughta do it, thanks boyo.
Honestly, I never thought he knew much about this shit but still thought he’d be OK. This last week he’s been sounding like a confused angry pensioner typing in all caps on nytimes.com.
LAST!
MS Rebounds!!! Suck on it!!!
Anyone want to talk about what happens when negAM ARMS reset? Anyone?
@163 Holy cow, is Mark Klein, MD an alias for John McCain?
@166 bad things
I used to think it was TGFD’s real name . . .
would a resolution trust corporation type deal cover the CDS market?
Adios Short Selling Fcukers! MS up 6.00%!!
@ 155 no worries. The fed is going to be the ultimate holder of all the toxic paper in it’s new trust. So in fact the fed is going to own 90 % of all the mortgages in the USA.
@172, ok, even if that’s the case we’ll still be seeing a huge rise in delinquincies in early 2009 after the reset. Any stocks to capitalize on a glut of abandoned and reposessed homes? work with me people. there are other ways to make money then shorting…
Carney doesn’t even say good bye to us?
@166 bad things
Carney! Way to sell off at your peak! Awesome move, dude.
Carney! Way to sell off at your peak! Awesome move, dude.
I love me some CALPERS. Hopefully all you economic terrorists get what you deserve. AIG up 25%, Wachovia up 60%.
Would somebody please just hold me tight?