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.
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reality setting in
what were the numbers into the close for TARP? I think its listed on the NASDAQ
what about STT -57%
Market Cap
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”.
Dow 5000 here we come
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.
Yeah what about STT?
People are looking suicidal outside their building in Boston. Lot of brown stains in the slacks too.
“Wealthy Arabs selling” is financial journalist speak for “I don’t have a fucking clue what’s going on.”
I didn’t realize there were any wealthy Arabs still around…
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.
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.
fubar.
The tag says it all.
We should invade BofA and see if they still have the means to manufacture toxic assets.
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?
Nationalization of the banks is getting priced in.
It’s those damn short sellers again. So un-American.
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!
Zero it’s going to be. It’s a process.
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
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.
how about…the UK?
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.
@23
TGFD, is that you? Did you let that girl out of the dungeon in your basement yet?
Why am I getting a sense of ghoulish glee here on DB? I thought most of you here were bankers.
Obama man will save the Banks from negative book value — to zero. That’s progress.
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
All you NYers make me sick. Now I have to be in the office at 7AM for the 8AM European market open.
Because Messiah did not walk on water today????
“I don’t know what’s going on!!”
…Towelie
P.S. wanna get high?
@30- last time I checked the european marktets didnt open at 7am Charlotte time.
@31
No, but the devil went back to Texas.
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.
Roberts flubbed the Oath. Bad sign.
@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.
WTF is up with all these “Messiah” posts? They are cringe-worthy and stopped being funny a long time ago, moron.
well at least this is curbing inflation!
One word: Roubini
“financial system is insolvent” – dr doom
Hey ep, they prefer the term asset challenge Arabs. Thank you.
Proceed with caution, sharp left turn up ahead.
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
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!
27 I noticed that too. Could be a lot of the readership here is either un- or underemployed.
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.
@34
and millions were singing:
Na na na na, hey hey, goodbye
@48 that was a remarkable video. totally repugnant, but typical.
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?
@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.
.– . .-. . ..-. ..- -.-. -.- . -..
I’m feeling like this bitches.
http://www.youtube.com/watch?v=86dTp8V-vxk&feature=related
SPODE
c’mon, didn’t we JUST choose hope over fear, like a couple hours ago?
Concern over a possible tax on possible capital gains?
I’m havin so much fun see you fsckers squirm
– Moomin Troll.
At Citi, this is called relative strength.
@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.
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.
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!
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.
@59
Why is Maria still employed? What a waste of air time.
WTF is that slope on Seymor’s(fast money) head?
@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.
@52 i think your keyboard is set to morse code. You meant to say “We’re Fucked.”
@30
You bush league faggot, only a back office nobody would complain about that. Try putting up at least 80 hours a week, champ.
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!
It’s wasn’t them sellin.
La ilaha illa allah, ha la illi, hay yo. Bitches.
-Busta
@50 Hmmm, baked ziti.
THE DOW IS 24(FUCKING) DAYS FROM ZERO!!!
What a soundbite! Wow Macke.
@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.
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!
@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
what is the religous term for self mutilation?
@73 = fag.
I hope he had clean teeth as he sucked away
@73 you need bottle service to get your dick sucked?? That is really sad!
@76
Not that I pay but are we ALL paying one way or another? Just saying..
@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
i still want to spoo all over maria’s tits, in this defining moment
what do you hear about household finance, part of HSBC. I have some bonds maturing in March.
what do you hear about household finance, part of HSBC. I have some bonds maturing in March.
Guys, no worries. Dick Fuld is going to hurt those shorts.
A $3 trillion stimulus package would be 3 times better than a $1 trillion stimulus package.
@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
@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”.
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
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.
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!
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.
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.
@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.
CNBC giving Don Peebles the morning and evening slots? Well, it is CNBC, no accounting for standards. What happened to BET’s Johnson?
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
@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!”
More sellers than buyers
No more anonymous posting, eh?
Nope, *GUEST* @96, it was a now-fixed bug.
@ 88, well said. I had almost given up on hearing some common sense on this blog.