Also, here's a vintage one you might enjoy. Topics include "this subprime stuff isn't going to hurt anyone but Bear."
"The financial terrorism thing has to be put on the table because the regular short sellers are not doing this"
Posted by Bess Levin, Sep 18, 2008, 3:39pm
Comments
3
Posted by american bandersnatch, Sep 18, 2008 3:46PM
Wasn't there a Tom Clancy book where the Japanese crashed out market? Surprisingly, we won in the end.
4
Posted by Anal_yst, Sep 18, 2008 3:47PM
Actually he has a point (kind of), i hate plugging my own stuff but I put something up last night on 1-2 knockout about this since apparently no one else thought to consider it (appologies for the shameless self-promotion again)
http://1-2knockout.typepad.com/12_knockout/2008/09/um-hello.html
5
Posted by guest, Sep 18, 2008 3:47PM
Gotta prop up the portfolio somehow.
Cramer has crazy taxes on his home in Summit, NJ.
8
Posted by guest, Sep 18, 2008 3:49PM
1) Cramer is a rabid lunatic.
2) If you look at statements and suggested tactics of terrorists, it's not all THAT crazy. I'm not saying that's what was happening, but it's not out of the realm of possibility.
9
Posted by guest, Sep 18, 2008 3:50PM
The financial terrorists were the dumbasses who overstocked on sub-prime shitpie when they should have been pricing risk appropriately and collecting their spread.
10
Posted by guest, Sep 18, 2008 3:50PM
If Cramer isn't kicked off the CNBC for being a nut job, then the terrorists have won.
11
Posted by guest, Sep 18, 2008 3:50PM
WTF? Does he think Bin Laden is calling in orders on a walkie talkie?
13
Posted by guest, Sep 18, 2008 3:51PM
I heard Goldman is short Goldman and was having it's analysts issuing sell recommendations against itself.
14
Posted by diablo, Sep 18, 2008 3:52PM
Cramer called the bottom on financials three times during the last 12 months.
16
Posted by guest, Sep 18, 2008 3:52PM
The financial terrorists were the dumbasses who were slurping up sub-prime shitpie when they should have been pricing risk appropriately and collecting the spread.
17
Posted by guest, Sep 18, 2008 3:53PM
WTF? Does he think Bin Laden is calling in orders on a walkie talkie?
28
Posted by guest, Sep 18, 2008 4:03PM
@19, it was originally Cramer & Co. and later (1987ish) Cramer & Berkowitz I believe. Don't think the funds ever produced anything but hot air.
This guy is an idea factory rather than a sleuth, if anyone is a financial terror, it's him...
29
Posted by guest, Sep 18, 2008 4:05PM
The rally started the moment the news about Carney broke.
Coincidence?
31
Posted by guest, Sep 18, 2008 4:11PM
There was a BBC mock documentary a few years ago which dealt with a similar theory when a fictional major investment bank fails. (there's a "surprise" ending)
http://www.walltowall.co.uk/catalogue_detail.aspx?w2wprogram=118
34
Posted by guest, Sep 18, 2008 4:16PM
Bess is getting owned by everyone on timeliness of the RTC posting
35
Posted by guest, Sep 18, 2008 4:17PM
DOW up 400!!!
Government is Bailing out EVERYONE!!!
too bad lehman, you guys shoulda waited a week.
36
Posted by guest, Sep 18, 2008 4:17PM
Osama bin Laden KNOWS NOTHING!
He has NO IDEA how bad it is out there!
Did you know I worked in Goldman Fixed Income?
38
Posted by guest, Sep 18, 2008 4:22PM
On 9/11 Muslim extremists started an attack on AIG....They drove the stock down....The company was ruined by Terrorists.
How the Government did not recognize or know about this is not good.
They must return AIG to the stockholders...and investigate every trade that was made short from 9?11 till today.........
40
Posted by guest, Sep 18, 2008 4:25PM
Cramer "this whole sub prime thing is just a couple of guys that made a few bad loans" April 08 CNBC
41
Posted by guest, Sep 18, 2008 4:25PM
I understand from reliable sources within the Uncle Sam organization that the name Greg Boester is on the list of financial terrorists who are to be rounded up and systematically destroyed.
Very public examples are to be made of the most grevious offenders.
Enjoy your brief time at Citadel, Greg, because soon you won't have enough money for bus fare back to New York.
Clowns...
Don't think this can't happen. The public anger with Wall St has about reached explosive proportions.
Why should the individuals who actually had personal, direct involvement in formulating this mess, and who had decision-making responsibility for their firms actions, and who benefited the most financially from those actions be somehow exempt from being held accountable afterwards.
The Guy from Delaware
42
Posted by guest, Sep 18, 2008 4:25PM
Gasperino says...
timing/announcement = "pretty soon"
HANK = "guy who likes to do stuff"
-Brilliant
43
Posted by guest, Sep 18, 2008 4:26PM
What's worse, the terrorists or Morgan looking for money in freakin' CHINA ?%#!#% They destroyed our manufacturing and now will destroy our financial system.
44
Posted by guest, Sep 18, 2008 4:27PM
Sometimes you just need to stop and think before you speak. Cramer does not have that ability.
45
Posted by guest, Sep 18, 2008 4:28PM
the terrorists are the ones carrying ak47s on the stock exchange floor instead of a pen and paper.
46
Posted by NotAGuest IFuckingLiveHere, Sep 18, 2008 4:28PM
@43 you'll have to remind me again how the Chinese created the housing bubble and toxic derivatives that lead to this current crisis.
47
Posted by guest, Sep 18, 2008 4:30PM
Doesn't anyone remember the shitload of money the terrorists made by buying puts on airline stock just before 9/11? Took the feds months to untangle the web and figure that out. I'm not saying it's probable but I at least think it's possible.
48
Posted by guest, Sep 18, 2008 4:31PM
@46 - youd be suprised..they have hte man power and capital to create ANYTHING...i wouldnt be suprised if they didn't manufacture yesterday and today's panic...
52
Posted by guest, Sep 18, 2008 4:39PM
Cramer is great for TV....but an idiot. See http://www.youtube.com/watch?v=_nkZ3eHeXlc
53
Posted by guest, Sep 18, 2008 4:42PM
I was absent for a bit, but wondering, has anyone heard of that chap at 3:00 pm or so that was bragging about how much he made today from shorting financials? He's probably now packing his boxes, ready to move back with mom on Staten Island.
54
Posted by guest, Sep 18, 2008 4:43PM
Bess. did they make JC pack up his shit and escort him out of the building immediately?
56
Posted by guest, Sep 18, 2008 4:51PM
There is an old market aphorism that in order to make money in the market you have to find the fool in the market. Who knew it was the banks themselves.
Let’s just think about that one:
Uses insane amounts of leverage.
Business Silos that trade against each other.
Profits that are booked up front and paid out as bonuses.
An average of 10 M&A deals since 1990 so that you have a monstrous behemoth.
Management that can't spell the word CDO.
A somnambulant regulatory body.
Lax to no lending standards.
Places 50% of their balance sheet at risk each year but doesn’t reserve any profits.
57
Posted by guest, Sep 18, 2008 4:52PM
Once again, someone should "short" Cramer's next airplane flight into a mountain
58
Posted by guest, Sep 18, 2008 4:55PM
Meanwhile Alfed E Newman from 1 Penn. Ave is over at TJ MAX looking for shorts on sale........
60
Posted by guest, Sep 18, 2008 4:58PM
Yea, Cramer's idea is pretty wacky, he admits that, but not as wacky as this market.
61
Posted by guest, Sep 18, 2008 5:03PM
terrorists huh? KYC-know your customer- the Patriot Act was meant to make sure that this kind of thing doesn't happen. The unfortunate thing is that offshore it doesn't matter. Regulators need to start there. I wouldn't totally discount the notion that this manipulation is coming from our enemies and yes, Kramer is a tool, all the way to the bank
62
Posted by guest, Sep 18, 2008 5:03PM
"A leading tabloid, the Daily Mirror, chronicled on its front page on Thursday "the greedy pig U.S. billionaire" -- Philip Falcone of Harbinger Capital Partners -- who it accused of bringing HBOS to its knees."
I understand from sources within the Uncle Sam organization that Falcone's name is also on that list of financial terrorists.
Have a nice day, Phillip.
The Guy from Delaware
63
Posted by guest, Sep 18, 2008 5:22PM
I just looked! Bin Laden's Bloomberg account is active! Also on Facebook he says his hobby is shorting US financials.
64
Posted by guest, Sep 18, 2008 6:39PM
Wachovia is going down! WAMU too! Is Homeland Security going to come arrest me, or will it be one of Paulson's goons?
65
Posted by guest, Sep 18, 2008 7:20PM
Sounds nuts, but I said it here first a week ago.
Interesting also that those fucks have been very quiet this 911 anniversary.
Yes, it sounds totally bonkers but so did the flying of planes into buildings before a bunch of lunatics actually went and did it.
66
Posted by guest, Sep 18, 2008 7:39PM
I have never seen a greater P/O/S under professional disguise on any tele station!
Sounds like a script from the book of Pointdexter (DARPAS) the DOD disinformation spookhouse.
The only financial terrorists on US soil are the greedy bankers and their traders of the Cramer type, who abdicated all fiduciary responsibilities for fat bonuses to support of their Hampton's mansions and trophy wifes.
They have inflicted more financial damage on this country (except for the human tragedy of course) then the cave men from Afghanistan! Did BSC,LEH,AIG,FNM go bust because investors sold their stoxx or because of negative networth? 10x leverage,
20x? Gimmy the money, we will multiply it in our capitalist dream factory.
Where are the yachts of the clients?
And Erin, get a life, short selling is unpatriotic? If you are such a patriot, why not serve a few terms in Iraq? When Wall Street brokers talk millions of unsuspecting people, who rely on them for expert advice, sucked the money into the internet bubble to leave them in the rubble (Naz still down 75% in reals terms since 02) THAT is patriotic right? When rampant speculators push up commodities and such billions out of peoples pockets with self inflicted inflation under the pretext of "inflation hedge", that is patriatic, Erin, right?
67
Posted by guest, Sep 18, 2008 7:57PM
@47 Every trade, every intl transfer has an individual ID and can be traced. The fact that the "9.11" trades weren't traced leaves only one conclusion: Mossad job.
68
Posted by guest, Sep 18, 2008 8:35PM
Now if they are really smart terrorists they probably just went long and will make a killing! God damn idiot carmer. What we need to do is put together a hit squad of professionals to take the market back down. SHould be pretty easy with all our unemployed bankers. Somebody have FUld's phone number? Caynes?
CKaltner
69
Posted by guest, Sep 18, 2008 8:36PM
Now if they are really smart terrorists they probably just went long and will make a killing! God damn idiot carmer. What we need to do is put together a hit squad of professionals to take the market back down. SHould be pretty easy with all our unemployed bankers. Somebody have FUld's phone number? Caynes?
CKaltner
71
Posted by guest, Sep 18, 2008 9:47PM
Ha, the cave men are smarter: BOT AIG at firesale and hold for the long term til its propped up with our tax $$$. No cap gains either!
72
Posted by guest, Sep 19, 2008 1:56AM
# 43 and 46
i bet you are Indy.Educated and genuine Americans don't say that because they are too secure of themselves.By the sound of your posts you are envious,scared and felt threatened. if any Chinese have read your posts they'd be so happy that they can upset people.That means power.
Don't be too obvious.
73
Posted by TimothySykes, Sep 19, 2008 2:04AM
please, late to the party, i called the SEc out on being terrorirsts back in June:
74
Posted by guest, Sep 19, 2008 2:04AM
# 72
I'm an American who admire Chinese. With their success, they are the envy of other nations especialyy those with sloppy democratic government.
75
Posted by guest, Sep 19, 2008 2:07AM
CRAMER HAS HISTORY OF MANIPULATING MARKET.
check this link:
http://tradermike.net/2007/03/jim_cramer_market_manipulator/
76
Posted by guest, Sep 19, 2008 2:17AM
Financial terrorists?
They live in India now, they are just waiting for the nuclear plant to be done. They would outsource bomb making and use call center there to short sale.
77
Posted by guest, Sep 19, 2008 2:24AM
@ 46
Great!!! Aren't you envious? I'm afraid you'll go nuts when they they get 50% of MS.
78
Posted by guest, Sep 19, 2008 2:30AM
That clip was during the Stop Trading: We are Flirting With Each Other Segment.
Maybe, they don't have time to bang each other last night that made Cramer say nutty stuff.
79
Posted by guest, Sep 19, 2008 2:40AM
Cramer - what a bonehead.
We know who the financial terrorists are. Uncle Warren called out these financial WMD perps long ago.
80
Posted by guest, Sep 19, 2008 1:01PM
You think it is so out there? Then why does the US Treasury have a division called the The Office of Terrorism and Financial Intelligence (TFI)? Here is the website- http://www.ustreas.gov/offices/enforcement/
Go back to 9/11 the terrorists learned from their mistakes. They hit the WTC which caused the markets to sprial downward and accelerate the downturn. We where able to link the terrorists through the charities funding them which let to the wars we are fighting. This has hurt their operations tremendously as we have slaughtered them in IRAQ and in Afganistan which has taken a toll on their finances.
It is not a stretch to consider the fact that using offshore hedge funds gets them around the patriot act and shields their identity. If you want to take out the US Government or as Islam refers to us,"satans of the west" you can't beat them miliarily, but you sure can bankrupt the country by causing massive debt and a collapse of their economy.
It is common knowledge the Saudis are complicit in funding terrorist activities while they sell us their oil. We just entered into a financial war with Dubai as the financial headquaters for the financial terrorists.
Just think about it for a bit and you will put 2 and 2 together.
81
Posted by guest, Sep 21, 2008 2:04PM
I often read "comments" sections to see if I can learn anything, which happens very rarely because there are are always these crazy, dumb profane people that know nothing and comment. Kudos to commenter #80 for bringing some sanity to this. Apparently most people aren't well read on Chavez, Ahmadinejad, Dubai, the reports of possibly thousands of muslim operatives operating right here in our mainland etc. Most people don't have the patience or the intelligience to delve deeply and speak knowledably about these things. Therefore, when the subject of financial terrorism comes up, it's "what the *&$ man - how crazy" and have another beer. Sad for our country.
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Posted by guest, Sep 18, 2008 3:44PM
Bat. Shit. Crazy.