RBS -69.77%
BCS -42.76%
JPM -20.46%
BAC -29.39%
WFC -24.68%
GS -18.55%
C -19.14%
Ouch. Didn't you guys like the speech or what?
Wealthy Arabs selling?
You tell us.
RBS -69.77%
BCS -42.76%
JPM -20.46%
BAC -29.39%
WFC -24.68%
GS -18.55%
C -19.14%
Ouch. Didn't you guys like the speech or what?
Wealthy Arabs selling?
You tell us.
Posted by guest , Jan 20, 2009 4:03PM
reality setting in
Posted by guest , Jan 20, 2009 4:04PM
what were the numbers into the close for TARP? I think its listed on the NASDAQ
Posted by guest , Jan 20, 2009 4:05PM
what about STT -57%
Posted by guest , Jan 20, 2009 4:08PM
Market Cap < Govt Checks
Posted by guest , Jan 20, 2009 4:08PM
Agree with @1 - it's the herd mentality. No one has any major "insights".
Toxic assets, RBS might be nationalized, wiping out equity holders - and U.S. might follow suit with some of its own nationalizations.
No one wants to be left holding the bag, so it's "sell now and ask questions later".
Posted by guest , Jan 20, 2009 4:11PM
Melt Down Espisode IV or V or what ever!!!
LOL
Posted by guest , Jan 20, 2009 4:12PM
Dow 5000 here we come
Posted by onetwo , Jan 20, 2009 4:12PM
Phew, thank god we stopped all those evil, baseless, no good bear raids back in 4Q. If we hadn't stepped in to halt those "unfounded" share prices these banks could be worthless...
oh...wait...never mind.
Posted by guest , Jan 20, 2009 4:12PM
Yeah what about STT?
People are looking suicidal outside their building in Boston. Lot of brown stains in the slacks too.
Posted by guest , Jan 20, 2009 4:13PM
"Wealthy Arabs selling" is financial journalist speak for "I don't have a fucking clue what's going on."
Posted by guest , Jan 20, 2009 4:14PM
I didn't realize there were any wealthy Arabs still around...
Posted by guest , Jan 20, 2009 4:15PM
Why is Maria making such a big deal about C announcing .01 per share dividend????? Citi announced this when they took Govt money in November.
Posted by onetwo , Jan 20, 2009 4:15PM
Phew, thank god we stopped all those evil, baseless, no good bear raids back in 4Q. If we hadn't stepped in to halt those "unfounded" share prices these banks could be worthless...
oh...wait...never mind.
Posted by noUpside , Jan 20, 2009 4:16PM
fubar.
Posted by guest , Jan 20, 2009 4:16PM
The tag says it all.
We should invade BofA and see if they still have the means to manufacture toxic assets.
Posted by guest , Jan 20, 2009 4:17PM
Serious question: if the U.S. unemployment rate is 7.2%, what is the unemployment rate in financial services, and in NY financial services? It has to be double-digits, right?
Posted by guest , Jan 20, 2009 4:18PM
"Wealthy Arabs selling" is financial journalist speak for "I don't have a fucking clue what's going on."
Posted by guest , Jan 20, 2009 4:18PM
Nationalization of the banks is getting priced in.
Posted by guest , Jan 20, 2009 4:20PM
It's those damn short sellers again. So un-American.
Posted by guest , Jan 20, 2009 4:21PM
how do you px in nat'lzation?? its fucking zero.
thank god Obama will save us all. no more mortagage, no more gas bill. no more equity value!
Posted by guest , Jan 20, 2009 4:22PM
Zero it's going to be. It's a process.
Posted by CapitolCapital , Jan 20, 2009 4:26PM
I'll go with RBS. Since TARP isn't spurring the kind of stimulus promised, once a nationalization precedent like that is set, it will be viewed as the best way to protect the taxpayer investment for the next bank to line up for a(nother) handout
Posted by guest , Jan 20, 2009 4:26PM
Thank God for President Barack Obama. What a courageous man to achieve so much. We are blessed as a country by his leadership, and only in a day he has transformed us from fear into a new era of glistening hope.
His comforting words and dark, ebony skin will alone allow us to glide out of this crisis on his magic carpet.
Posted by guest , Jan 20, 2009 4:26PM
how about...the UK?
Posted by guest , Jan 20, 2009 4:28PM
halfwit@23- he took office TODAY, bitter boy. why dont you save the sarcasm for 'til his first fuck up in office? we gave bush that courtesy.
Posted by guest , Jan 20, 2009 4:29PM
@23
TGFD, is that you? Did you let that girl out of the dungeon in your basement yet?
Posted by guest , Jan 20, 2009 4:29PM
Why am I getting a sense of ghoulish glee here on DB? I thought most of you here were bankers.
Posted by guest , Jan 20, 2009 4:31PM
Obama man will save the Banks from negative book value -- to zero. That's progress.
Posted by guest , Jan 20, 2009 4:31PM
This is exactly what should be happening.... nationalize the lot of these f**ers
It is the only way to get the financial sector back on its feel take out a whole bunch of capacity.
Sorry guys only room for 3 banks if you can't make money through CDO^2
Posted by guest , Jan 20, 2009 4:32PM
All you NYers make me sick. Now I have to be in the office at 7AM for the 8AM European market open.
Posted by guest , Jan 20, 2009 4:34PM
Because Messiah did not walk on water today????
Posted by guest , Jan 20, 2009 4:35PM
"I don't know what's going on!!"
...Towelie
P.S. wanna get high?
Posted by guest , Jan 20, 2009 4:35PM
@30- last time I checked the european marktets didnt open at 7am Charlotte time.
Posted by guest , Jan 20, 2009 4:37PM
@31
No, but the devil went back to Texas.
Posted by guest , Jan 20, 2009 4:39PM
There's something about watching the world burn that is so calming. I can't wait for the automakers to come back to table.
Thunder Dome 2009, Banks vs. Autos fighting for TARP funds.
Posted by guest , Jan 20, 2009 4:39PM
Roberts flubbed the Oath. Bad sign.
Posted by guest , Jan 20, 2009 4:39PM
@31- geeeee let's see. it has nothing to do with the UK shit. No, nothing at all. Instead, it's because of Obama. Yes, the markets are going to have a worse reaction to obama in his FIRST FOUR HOURS of being president, and not actually having a chance to DO ANYTHING, than they are to 8 years of monumental fuck ups? don't bother responding to those questions, just slink back to your double-wide.
Posted by guest , Jan 20, 2009 4:40PM
WTF is up with all these "Messiah" posts? They are cringe-worthy and stopped being funny a long time ago, moron.
Posted by guest , Jan 20, 2009 4:41PM
well at least this is curbing inflation!
Posted by guest , Jan 20, 2009 4:43PM
One word: Roubini
Posted by guest , Jan 20, 2009 4:43PM
"financial system is insolvent" - dr doom
Posted by FUNdamental , Jan 20, 2009 4:45PM
Hey ep, they prefer the term asset challenge Arabs. Thank you.
Posted by guest , Jan 20, 2009 4:46PM
Proceed with caution, sharp left turn up ahead.
Posted by guest , Jan 20, 2009 4:46PM
Don't worry, the new President will take care of you.
He'll pay your bills, your gas, AND your mortgage...
http://www.youtube.com/watch?v=k1FCmfo2Ft4
Posted by guest , Jan 20, 2009 4:47PM
1) messiah jokes will never get old
2) who cares about the markets- the messiah will forgive our mortgages and pay for our gas! allah lula!
Posted by guest , Jan 20, 2009 4:48PM
27 I noticed that too. Could be a lot of the readership here is either un- or underemployed.
Posted by Anal_yst , Jan 20, 2009 4:48PM
White flag already, sheesh, its like without the leadership of BNP, Socgen, or another one of the toadsuckers, no one seems to know how the hell to do it, and it ain't that hard ladies.
Posted by guest , Jan 20, 2009 4:48PM
@34
and millions were singing:
Na na na na, hey hey, goodbye
Posted by guest , Jan 20, 2009 4:50PM
@48 that was a remarkable video. totally repugnant, but typical.
Posted by guest , Jan 20, 2009 4:50PM
45 Run along. With your tickets all sorted, shouldn't you already be on the SI Ferry, listening to Hannity? And thinking about the baked ziti that mom's gonna have on the table as soon as you walk in the door?
Posted by guest , Jan 20, 2009 4:54PM
@38 SHUT UP. WHAT IS "CRINGE-WORTHY" IS THE THRONG OF THE SYCHOPHANT MEDIA ELITE WHO TREAT THE PUBLIC LIKE IDIOTS AND HAVE PUT THE "MESSIAH" ON THE PEDESTAL TO BEGIN WITH! GET OVER IT.
Posted by guest , Jan 20, 2009 4:55PM
.-- . .-. . ..-. ..- -.-. -.- . -..
Posted by guest , Jan 20, 2009 4:56PM
I'm feeling like this bitches.
http://www.youtube.com/watch?v=86dTp8V-vxk&feature=related
SPODE
Posted by guest , Jan 20, 2009 4:56PM
c'mon, didn't we JUST choose hope over fear, like a couple hours ago?
Posted by guest , Jan 20, 2009 4:57PM
Concern over a possible tax on possible capital gains?
Posted by guest , Jan 20, 2009 4:57PM
I'm havin so much fun see you fsckers squirm
-- Moomin Troll.
Posted by BamBam , Jan 20, 2009 4:57PM
At Citi, this is called relative strength.
Posted by guest , Jan 20, 2009 4:57PM
@12
Maria has it in for C, remember the Todd Thompson fiasco. She was supposedly taking flights with the guy on the company jet.
She's got a mean ax to grind and pulls that shit out any chance she gets.
Posted by guest , Jan 20, 2009 5:00PM
Ah, Maria just admitted her cackling about C's dividend was a mistake and they DID, in fact, announce that back in November.
I'd rather they fire her than see her issue a correction.
Actually .01/share is .01/share more than we were pricing for Citi.
Posted by guest , Jan 20, 2009 5:01PM
C is the mascot for the dip??? RBS went for down 69% and C is the story...Wow Maria great job.
When ya down, gut punch!
Posted by guest , Jan 20, 2009 5:02PM
In case anyone cares...Barclays raised COBRA payments for my son and myself...they took over as administrators from Lehman and I left Lehman in March of 08. We were previously paying $760 a month for medical for both of us and dental for me (he is a baby), and now $1,211. Thanks for that, Mr. Diamond! And Aetna! We are sure to be on Medicaid soon. This will really keep the economy chugging along.
Posted by guest , Jan 20, 2009 5:03PM
@59
Why is Maria still employed? What a waste of air time.
Posted by guest , Jan 20, 2009 5:03PM
WTF is that slope on Seymor's(fast money) head?
Posted by guest , Jan 20, 2009 5:04PM
@50. Not far off. You skip along now, too. I'm sure your partner is getting huffy that you may be late for the Will&Grace party.
Posted by guest , Jan 20, 2009 5:04PM
@52 i think your keyboard is set to morse code. You meant to say "We're Fucked."
Posted by guest , Jan 20, 2009 5:04PM
@30
You bush league faggot, only a back office nobody would complain about that. Try putting up at least 80 hours a week, champ.
Posted by guest , Jan 20, 2009 5:06PM
I suggest you all read Willem Buiter's lastest blog - http://blogs.ft.com/maverecon/2009/01/can-the-uk-government-stop-the-uk-banking-system-going-down-the-snyrting-without-risking-a-sovereign-debt-crisis/#more-419. He is basically spelling out how nationalizations are going to take place. Get ready!
Posted by guest , Jan 20, 2009 5:09PM
It's wasn't them sellin.
La ilaha illa allah, ha la illi, hay yo. Bitches.
-Busta
Posted by guest , Jan 20, 2009 5:10PM
@50 Hmmm, baked ziti.
Posted by guest , Jan 20, 2009 5:10PM
THE DOW IS 24(FUCKING) DAYS FROM ZERO!!!
What a soundbite! Wow Macke.
Posted by guest , Jan 20, 2009 5:10PM
@66 What was the point of all those 80hr/weeks? Just monkeying around mindlessly doing menial tasks does not equal work. How many billions did your firm lose in equity today?
-Not 30.
Posted by guest , Jan 20, 2009 5:12PM
Thunder Dome 2009, Banks vs. Autos fighting for TARP funds.
Don't forget the states, they're insolvent too. That's a 3-way death match right there!
Posted by guest , Jan 20, 2009 5:14PM
@71, the point of it was prestige, earning more money out of college than 95% of my class, and getting my dick sucked after bottle service
Posted by guest , Jan 20, 2009 5:14PM
what is the religous term for self mutilation?
Posted by guest , Jan 20, 2009 5:16PM
@73 = fag.
I hope he had clean teeth as he sucked away
Posted by guest , Jan 20, 2009 5:18PM
@73 you need bottle service to get your dick sucked?? That is really sad!
Posted by guest , Jan 20, 2009 5:23PM
@76
Not that I pay but are we ALL paying one way or another? Just saying..
Posted by guest , Jan 20, 2009 5:32PM
@76
Nice use of '!' at the end of your post. You must be really excited hearing about 71's dome jobs. Or you are over emphasizing the fact that you are just jealous you can't afford bottle service. Either way, I'm sure your poor ass can find somewhere on the way home to Jersey that sells BJ's in your price range.
~Not 73
Posted by Seaman Bodine , Jan 20, 2009 5:36PM
i still want to spoo all over maria's tits, in this defining moment
Posted by guest , Jan 20, 2009 5:54PM
what do you hear about household finance, part of HSBC. I have some bonds maturing in March.
Posted by guest , Jan 20, 2009 5:55PM
what do you hear about household finance, part of HSBC. I have some bonds maturing in March.
Posted by guest , Jan 20, 2009 5:57PM
Guys, no worries. Dick Fuld is going to hurt those shorts.
Posted by guest , Jan 20, 2009 6:04PM
A $3 trillion stimulus package would be 3 times better than a $1 trillion stimulus package.
Posted by guest , Jan 20, 2009 6:06PM
@78
What is so funny about your reply is that you miss my original comment and still conflate the ability to get your cock sucked with money, as if I would pay in any state at any price. I don’t know if you have noticed but generally there are mouths willing to suck you for free if a) you are not hideous b) you are not a giant d-wad, c) you cock is no bigger than an “!” in mere Times New Roman 12 pt. Clearly your must fit in one of these categories otherwise you would not assume sexual prowess resides in between the flaps of a wallet. No exclamation needed…I genuinely pity you.
@76
Posted by guest , Jan 20, 2009 6:23PM
@16 - Until "Financial Services" becomes a geographic area that people live in, the unemployment rate of FS is 0; because once you're fired, you're no longer "Financial Services".
Posted by guest , Jan 20, 2009 6:23PM
My impression is that the bottle service followed by dick sucking action is something that traders do (actually, did). Russians too. Not bankers. Never. 78 = trader or russian 84 = banker
Posted by guest , Jan 20, 2009 6:57PM
Roubini saying anything with the word "bank and bankrupt" involved is not news... I can hear that from P Schiff, J Rogers and M Whitney.
Here's an idea for shorty... Suggest a plan of action to create value instead of consistently barking out the same old fear and gloom.
Posted by guest , Jan 20, 2009 7:19PM
Stimulus Package? What a joke. This stimulus can suck my keynesian multiplier as can all those swooning for a taste of Obama's dick.
What a fucking disgrace today has been. Let's give the man a few loaves of bread and fish and he will solve our economic crisis!
Yea. . . Bush and his monumental fuck ups got us here. . . not 30 years of overconsumption, perverse compensation incentives and congress mandated stupidity. Wake up, just as Obama isn't the solution to all of our problems Bush is not the cause.
Jesus H. Christ, no, excuse me, Barrack H. Obama!
Posted by guest , Jan 20, 2009 8:02PM
I went to visit my financial consultant today. Walking around the office today it was all gloom and doom. Nobody wants to call their client. Nobody wants to do business. Everyone wants to hide under their desk and be left alone. I think the ones that do that will lose many clients and the younger bucks will come in an snap them up.
Get your heads out of your asses and generate some revenue for your firm already. And, quit reading these blogs. I AM still an investor in your firm, and a client at that. If I see all this, so can others.
Posted by guest , Jan 20, 2009 8:18PM
You're all missing the point. The Banks themselves are done, there is no way to fix them. The FDIC will take care of the deposits, but the businesses themselves are bound for zero. Sell these shares now, and expect new banks to be built with federal support, then lending can begin again.
Posted by guest , Jan 20, 2009 8:31PM
@89, Ken Lewis, how you doing? A little buyer's remorse about the "thundering herd" ?
Should have stuck to your infamous "I've had all I can take in investing banking" quote.
North Carolina Napoleon went to the well one too many times.
Posted by guest , Jan 20, 2009 8:54PM
CNBC giving Don Peebles the morning and evening slots? Well, it is CNBC, no accounting for standards. What happened to BET's Johnson?
Posted by trojan , Jan 20, 2009 11:37PM
haha damn there are some bitter ass people out here. so many young college coeds living it up today- enjoy it, dont be a vagina
Posted by KevinB , Jan 21, 2009 12:32AM
@32 -
Do you get the same feeling I do that we're living through some surreal but strangely real "South Park" episode?
"Haro, Chitti Bank? You want some Chitti stock, Chitti bonds? You get Chitti dividends!"
Posted by Chuck Krug , Jan 21, 2009 5:20AM
More sellers than buyers
Posted by guest , Jan 21, 2009 10:28AM
No more anonymous posting, eh?
Posted by Bess Levin , Jan 21, 2009 10:33AM
Nope, *GUEST* @96, it was a now-fixed bug.
Posted by guest , Jan 25, 2009 2:33PM
@ 88, well said. I had almost given up on hearing some common sense on this blog.