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October 9, 2008
Don't worry be happy...
U.S. May Take Ownership Stake in Banks
http://tinyurl.com/4uzkl8
SAN FRANCISCO (MarketWatch) -- In another attempt to loosen credit markets and restore confidence in the financial system, the Treasury Department is considering a plan to take ownership stakes in many U.S. banks, both healthy and troubled, according to a media report Wednesday night.
Nice! Free housing for all
Comments
You know what I've been thinking about lately? Cold beer. Man, beer tastes so good when its cold. I like to drink it sitting out on my stoop, looking at my kids play in the neighborhood and chatting with friends as they pass by. That's the way I like to spend my evenings. I laugh when I think about the crazies who are jumping up and down pulling their hair out over other people's problems. Then I have more beer....
Posted by: slopenick at October 9, 2008 11:06 AM
" I laugh when I think about the crazies who are jumping up and down pulling their hair out over other people's problems"
Hey slopedick, those problems are your problems. Let's hope your currency can buy more beers..
Iceland's Krona Currency Trading Halts as Kaupthing Taken Over
http://www.bloomberg.com/apps/news?pid=20601085&sid=aiz5QIq94nrw&refer=europe
"Oct. 9 (Bloomberg) -- Trading in the Icelandic krona came to a halt after the government seized control of Kaupthing Bank hf, the nation's biggest lender, as the financial crisis deepens."
I love when people don't give a shit and the Big Boys hijack a whole nation of fucking idiots.. Have another beer!
The What
Someday this war is gonna end...
Posted by: what at October 9, 2008 11:15 AM
Hey Slopenick! I like beer too! What do you know?
Posted by: wasder at October 9, 2008 11:45 AM
Me too...Bud, PBR, Yuengling, St Pauli Girl, pilsner Urquell, Becks, Modelo, Corona, Simpatico, Stella.
Ber outside on the stoop always tastes better!!!
Posted by: daveinbedstuy at October 9, 2008 11:56 AM
Hey Dave do you say your Hedge Fund was only down 3%? I call bullshit on that one and I'm still wait for my reply on Hedge Fund redemptions! After that you and your bud Wasder can suck all the beers you want.
The What
Someday this war is gonna end...
Posted by: what at October 9, 2008 11:59 AM
Here's an underappreciated favorite: Kronenbourg!
Posted by: wasder at October 9, 2008 11:59 AM
-3% Y-T-D What. Don't really give a rats is if you believe me or not. Not everyone is stupid you know. Have a beer and chill out Asshat.
Posted by: daveinbedstuy at October 9, 2008 12:10 PM
http://www.nordicstore.net/icelandic_viking_beer_
1228_ctg.htm
Posted by: daveinbedstuy at October 9, 2008 12:12 PM
"-3% Y-T-D What. Don't really give a rats is if you believe me or not. Not everyone is stupid you know. Have a beer and chill out Asshat."
Then your Hedge Fund would be on the front page of the WSJ! I think you fund is committing fraud! -3%??!! Everyone else is getting blasted and you only down -3%!
I have a Brownstone to sell you. BTW It's OK, have your little fun. Tick.. Tick.. Tick...
The What
Someday this bullshit is gonna end..
Posted by: what at October 9, 2008 12:17 PM
Not everyone What. You're stupidity is showing badly today. There are two sides to every trade.
You're out of your league of cut-and-paste expertise now
Posted by: daveinbedstuy at October 9, 2008 12:26 PM
The What is chasing around Dave accusing him of avoiding a question he can't answer? That could be the funniest thing The What's ever said. Project much, The What?
"It's OK, have your little fun"
Oh, we will; don't you worry. You should try having a little fun yourself, sometime Daddy-O. Who knows, you might actually like it.
Posted by: Biff Champion at October 9, 2008 12:32 PM
By the way, The What, why are you still lurking around here instead of on the front page of the blog? I guess your groveling to Mr.B didn't pay off.
Posted by: Biff Champion at October 9, 2008 12:35 PM
The reality is that we are an unregistered fund. Funds with fewer than 15 investors can remain unregistered. In that regard, we can not advertise.
However, if you thought I was going to throw up the company name here What you are some kind of real fool!!!
Posted by: daveinbedstuy at October 9, 2008 12:36 PM
I love a good beer myself. I fell in love with Shiner Bock when I was in Texas.
http://www.shiner.com/main.php
Anyone know where/if you can get this in NY? I've been having my Texan friends smuggle it back for me along with good smoked briskets!
Posted by: TownhouseLady at October 9, 2008 12:36 PM
THL, we missed you yesterday on my Forum post (go check it out). Many folks were asking where you were and if you would be making it out to our party next Thursday.
Posted by: Biff Champion at October 9, 2008 12:39 PM
I just responded there.
Posted by: TownhouseLady at October 9, 2008 12:52 PM
I like those Shiner glasses. Will you be wearing beer goggles by the end of the night on Thursday, THL?
Posted by: daveinbedstuy at October 9, 2008 12:53 PM
Thanks THL. I'm so sorry you won't be able to make it. Have a wonderful party and hopefully we'll see you at the next one (once we get The What's revised end of the world date, in the event we survive past the 16th).
Posted by: Biff Champion at October 9, 2008 1:02 PM
Ahhh, Shiner Bock. I used to love that stuff, but I'm not much of a beer drinker any more. I know I've seen it sold in NYC though, but I just can't remember where at the moment.
Posted by: SnarkSlope at October 9, 2008 1:23 PM
SnarkSlope, I really bummed you won't be with us on the 16th. We'll also be missing TownhouseLady. Is there no way you can make it?
Posted by: Biff Champion at October 9, 2008 1:46 PM
I have definitely seen some bars where they serve Shiner Bock in Brooklyn but can't name any off the top of my head. Snarkslope and THL sorry you can't come!
Posted by: wasder at October 9, 2008 2:00 PM
You know something? You Asshats are like children playing with grenades. People are yelling stop or "you are going to hurt yourself" and you do is go "Na Na Na". Our entire Banking system is in DEFCON 4 and you are ignoring everything.
My friends and I talk about the 850 billon dollar "bail out" bill and say they stole it right in front of your faces. Ever since they passed that bill, the markets are down over 20%!
I hope you enjoy your little get together because it will be the last time you get to laugh...
U.S. Treasury Considers Buying Stakes in Banks
http://online.wsj.com/article/SB122355427239518855.html
"Mr. Paulson is "actively considering" making capital injections in banks, White House spokeswoman Dana Perino said Thursday."
"Treasury is figuring out how to structure such infusions so that banks can recapitalize and begin lending. No such moves are imminent, but the fact that the department is engaging in such discussions is an indication of how the crisis is constantly morphing. Such a move was not under consideration just a few days ago but has become more of a possibility in recent days as the stock market has plunged and the credit crunch shows no signs of easing."
Read this over again "credit crunch shows no signs of easing.". Our Banking system is in Vapor lock. Thanks stupid mother fuckers, we couldn't do it with out you...
The What
Someday this war is gonna end...
Posted by: what at October 9, 2008 2:03 PM
"My friends and I talk about the 850 billon dollar "bail out" bill and say they stole it right in front of your faces."
Yeah right, like we're to believe The What has friends.
Posted by: Biff Champion at October 9, 2008 2:09 PM
What...tell me where you think the $850 B is going and I'll tell you where you are wrong. Deal???
Posted by: daveinbedstuy at October 9, 2008 2:30 PM
I actually enjoy Brooklyn Lager. I think it's underappreciated.
Posted by: moreteasir at October 9, 2008 2:38 PM
Legal Seafood has Brooklyn Lager on tap at Logan airport.
Posted by: daveinbedstuy at October 9, 2008 2:46 PM
"What...tell me where you think the $850 B is going and I'll tell you where you are wrong. Deal???"
Goldman Sachs, Morgan Stanley (If they are still around), Pimco and Blackrock is going to Rape.. eh I mean manage this money. They are going buy toxic crap and sell it to their homeboys real cheap and collcet fees. The rest the Tax-slave gets stuck with.
The What
Someday this war is gonna end..
Posted by: what at October 9, 2008 2:57 PM
Biff - My lips say "yes" but my parole officer says "no."
I kid, I kid, but no, I've got another obligation that night. If I get out of that early enough, I'll see if I can swing by and see if anybody is still vertical.
Posted by: SnarkSlope at October 9, 2008 2:59 PM
That's real educated sounding What. I see you've done your homework.
Someday all the crap that you post is gonna end..
PS You ought to start thinking about your next gig because someday this is going to all end and the markets will turn around. Then you'll be out of your little dog and pony show.
Posted by: daveinbedstuy at October 9, 2008 3:00 PM
I'm not touching that line SnarkSlope
Posted by: daveinbedstuy at October 9, 2008 3:02 PM
"PS You ought to start thinking about your next gig because someday this is going to all end and the markets will turn around. Then you'll be out of your little dog and pony show."
SHIT Dave this is The What horror show! I got at lease a 10 year run on this! Lets see if you douche bag ass will be in Bed Stuy in a few years. a 52 years ago skinny old fucking hipster scumbag, the youngins are going to love you. You see most of you Asshats has not had to chance to experience New York in a recession.. You see things get real funky around here, like Darwinism. This has a real "cleansing" effect. Lets see if you can deal with it because you ass will not have a keyboard to protect you...
The What (Keep fucking around)
Someday this war is gonna end...
Posted by: what at October 9, 2008 3:16 PM
Too bad there isn't a "cleansing" function on this site What.
Posted by: daveinbedstuy at October 9, 2008 3:19 PM
Hey DOW 8000 you are in the money!!! Dow as of 3:21 89931.87.
The What
Someday this war is gonna end..
Posted by: what at October 9, 2008 3:19 PM
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM
Hey this is by far my best year trading since 2000. Making a killing on this market.So daveinbedstuy is believable depending on the size of his hedge fund. Covered my short at around mid 9000's but they made me a far richer man. All cash besides my great home in jersey city which I collect rents of 3500 and would be lucky to get a price of over 500k. All in all I would not change a thing. Though I do feel bad for some of my friends that didn't believe me about the market tanking. My family were smart to listen to me..
Posted by: HOBOKENROCKS at October 9, 2008 3:31 PM
Who wants to sell me their brooklyn Heights townhouse for 700k cash? I am ready to buy it.... I know people are saying no way but this may be a possibility if the market keeps going down.....
Posted by: HOBOKENROCKS at October 9, 2008 3:43 PM
Hoboken...as much as I like you, you're a long way from those prices.. You can't even get a really nice one in bed Stuy for that price. But, there might be a nice on on Decatur for $750 that I know of.
Posted by: daveinbedstuy at October 9, 2008 3:47 PM
Buying Pfizer (PFE) today. Yield is 7.9%. Talk about staying defensive!!!!!
MS down 20%...rumor that MUFG will take them out completely.
Posted by: daveinbedstuy at October 9, 2008 3:54 PM
Is this finally the capitulation the markets have been waiting for, or have we broken through another trend-line?
I thought about putting a little of my cash reserves back into my 403B just now, but didn't just in case there's more downside action ahead. It's gotten so bad, I'm no longer panicking -- just watching it as though it were a cult classic. Thoughts?
Posted by: MacD at October 9, 2008 4:03 PM
Dave I know The Heights will be a push but depending on what keeps happening deflation makes these homes alot more affordable. I can see anywhere from 20-50 percent off if the market keeps going down. If the 8000 level on the dow breaks and if I see 788 on sp500 break there is doom coming in the housing market.... But I must admit if I see these levels im in cuz at one point the shorts are going to get squeezeddddd. That is why I covered.
Posted by: HOBOKENROCKS at October 9, 2008 4:05 PM
Dave I know The Heights will be a push but depending on what keeps happening deflation makes these homes alot more affordable. I can see anywhere from 20-50 percent off if the market keeps going down. If the 8000 level on the dow breaks and if I see 788 on sp500 break there is doom coming in the housing market.... But I must admit if I see these levels im in cuz at one point the shorts are going to get squeezeddddd. That is why I covered.
Posted by: HOBOKENROCKS at October 9, 2008 4:05 PM
Hoboken--you really need to figure out how to be patient enough for your posts to come up so we aren't consistently treated to 2 or 3 identical posts of your alternately prescient and comical missives.
Posted by: wasder at October 9, 2008 4:33 PM
again wasder...you're going to have to check that hi falutin talk at the door at Union Hall
Posted by: daveinbedstuy at October 9, 2008 4:49 PM
Friday and Monday will be the biggest days you will ever see for the stock Market worldwide. These two days will tell what happens in the future and if our credit based world defaults when CDS market holds a auction on friday.I have called this market so far, believe me I am going short again tomorrow. I see a big fall tomorrow and into Monday. Which will be the climax... Get ready for NOURIEL ROUBINI AND MARC FABER AND JIMMY ROGERS TIME....
Posted by: HOBOKENROCKS at October 9, 2008 5:10 PM
I feel you guys truly need to read my stuff at least twice. Sorry just kidding.
Posted by: HOBOKENROCKS at October 9, 2008 5:14 PM
Only short if the market opens up though.
Posted by: HOBOKENROCKS at October 9, 2008 5:16 PM
Yo' What, you are retarded for filing these threads under 'Alarm'. When I clicked on that shit and saw all those other threads literally regarding alarm and security systems and then saw your doom/gloom threads among them, I damn near fell out of my chair. You are the George Carlin of this RE shit. For real!
Posted by: DOW8000SP800 at October 9, 2008 5:45 PM
"Yo' What, you are retarded for filing these threads under 'Alarm'. When I clicked on that shit and saw all those other threads literally regarding alarm and security systems and then saw your doom/gloom threads among them, I damn near fell out of my chair. You are the George Carlin of this RE shit. For real!"
George Carlin was the greatest comedian ever! I put him ahead of Richard Pryor and Lenny Bruce. George
DOW8000 has been achieved congratulations!
We are in DEFCON 5! I don't see the markets lasting any longer. Today was a total fucking shock for me. I thought we would get a bounce from all of the money injections going on around the world.
I think we have PANIC in the streets now and I think we are in a depression.
The What
Someday this war is gonna end...
Posted by: what at October 9, 2008 7:01 PM
This is from Brownstoner 'My god I can't believe the Dow fell 687 points' Thread.
"It pains me that the bloody What and DOW8000 have been so accurate in their predictions. It's like having all of the nonsense the village idiot mumbles every day suddenly come true. DOW8000 isn't quite as offensive as the What, but still, I am having the sinking feeling one must get when one realizes that the obnoxious co-worker with tourette's is going to be the new boss because, no matter how offensive he is, he happens to have been right. Sigh."
Suck my fucking balls...
"The What has been right but he has made no money on this trade. In my world you make money on your beliefs or they are no worth anything. Though I know for sure he hasn't lost any money. So the WHAT has actually come ahead of most... Just not me."
After Dave is finished, You can suck my fucking balls too! I know some wealthy people and they never fucked with the stock market. The Stock Market is a suckers dream like a Casino. Right now you may be up but the Bank where you have your money is INSOLVENT!! Stupid fucking asshole. Our financial system is on life support! You are too fucking retatrded to see that but when you go to a ATM and try try get money, oh fucking well.
Most of you mother fucking Asshats are upset because for the last yeat I fucking told you that you was going to get a Baseball Bat shoved up your asses! Every body was talking smack like "You are a bitter renter" or "get out" or some other dumb fucking shit.
The Big Boys have bent your kids over the desk and assraped them for generations to come, put us in a depression and destroyed our way of life.
From the bottom of my heart MOTHER FUCK ALL OF YOU! EVERY LAST SINGLE ONE!!!!!!!!!!!!!!!
The What (Keep fucking around)
Someday this war is gonna end...
Posted by: what at October 9, 2008 7:23 PM
Boy are you mad. I have money in US bancorp, as well as wells fargo and Hudson city savings bank. In my opinion the strongest of the strong. I also have monies in Chase and my brokerage is Schwab who are just fine. Hey at least you are ahead of most and that is saying alot. Take it easy buddy. You are at 0 percent and that is great in this market... And I don't think you tourette's.
Posted by: HOBOKENROCKS at October 9, 2008 8:20 PM
Boy are you mad. I have money in US bancorp, as well as wells fargo and Hudson city savings bank. In my opinion the strongest of the strong. I also have monies in Chase and my brokerage is Schwab who are just fine. Hey at least you are ahead of most and that is saying alot. Take it easy buddy. You are at 0 percent and that is great in this market... And I don't think you tourette's.
Posted by: HOBOKENROCKS at October 9, 2008 8:21 PM
I love how DOW goes into his "jive" dialogue when he engages with What. OR is that when he talks to himself?
Sorry you can't post on the other thread What. I left my thoughts about you there.
Posted by: wasder at October 9, 2008 9:35 PM
The Big Boys have bent your kids over the desk and assraped them for generations to come, put us in a depression and destroyed our way of life.
From the bottom of my heart MOTHER FUCK ALL OF YOU! EVERY LAST SINGLE ONE!!!!!!!!!!!!!!!
So let me get this straight--the Big Boys have assraped our children but somehow we are to blame so fuck every last one of us? That doesn't make any sense. Having one's children assraped certainly makes one (and one's children) a victim. Why all the anger towards your team-mates and fellow victims What?
Posted by: wasder at October 9, 2008 9:42 PM
Dear What,
Since you are so good at predicting shit, can you predict how long it will be til these fuckin assholes are fumigated out of my neighborhood, Park Slope....Also, what economic indicators should I look for?
Stay up!
Love,
Taf
Posted by: taffeydollar at October 9, 2008 10:18 PM
"So let me get this straight--the Big Boys have assraped our children but somehow we are to blame so fuck every last one of us?"
You and like minded people brought into the con called The Mutant Asset Bubble. During the run-up no one could reason with you. This group of Asshats thought they was the smartest people in the room. I glad this is the end of this shit.
" Why all the anger towards your team-mates and fellow victims What?"
I'm am a Army of one..
"Since you are so good at predicting shit, can you predict how long it will be til these fuckin assholes are fumigated out of my neighborhood, Park Slope....Also, what economic indicators should I look for?"
"Boy are you mad. I have money in US bancorp, as well as wells fargo and Hudson city savings bank. In my opinion the strongest of the strong. I also have monies in Chase and my brokerage is Schwab who are just fine. "
Oh you this Wells Fargo?
http://finance.google.com/finance?client=ob&q=NYSE:WFC
Citigroup Hands Victory to Wells Fargo on Wachovia (Update3)
http://www.bloomberg.com/apps/news?pid=20601103&sid=a.eHnbhppDgE&refer=us
``Wells Fargo just won, lock, stock and barrel,'' said Tony Plath, a finance professor at the University of North Carolina at Charlotte. ``I guarantee this is a done deal now.''
Wells fargo is going to suck Wachovia toxic nuclear shit and this "Bank" will have to be bailed out.
Now that the implosion of the Mutant Asset Bubble is underway some of you what to be civil or magnanimous. Well I say fuck all of you. All the bullshit I had to put up with! No No No!!!! This the only way I can communicate.....
The What (I smell Napalm)
Someday this war is gonna end...
Park Slope is the best neighborhood in Brooklyn (I really mean that). If I had the money I would buy a house there. The newly discovered neighborhoods will get smashed (You know the hood's). The Asshats are going to leave when crime picks up. Did you know there has been 3 store robberies on Fulton St this week? I see the bullshit picking backup.
"Also, what economic indicators should I look for?"
Asshats on fire!
Posted by: what at October 9, 2008 11:03 PM
"During the run-up no one could reason with you."
No, during the run up I had never even heard of this board and had no intention of buying a house. I never laid eyes on Brownstoner until March of this year. I joined this conversation at the point that I found out I was going to have another kid and needed more space. At which point, you decided I was part of the problem. Well fuck you. I live near you and we will just have to deal with each other in way or another.
Posted by: wasder at October 9, 2008 11:38 PM
I would add that I think that I am an unlikely person for you to see as a villain. A film-maker, goofy, generally charitable person with no connection to the finance industry.
Posted by: wasder at October 9, 2008 11:43 PM
Please watch this video. This show the fucking stupidity of people.
BTW I don't vote.
The McCain-Palin Mob
The What
Someday this war is gonna end..
Posted by: what at October 9, 2008 11:44 PM
This is something I do agree with you on. These people are crazy. I saw this earlier today. What do these people have to do with the folks on this board by the way (90% of whom are Democrats)?
Posted by: wasder at October 9, 2008 11:47 PM
These people are beyond crazy. It's a new level of insanity. Palin is a race-baiting rabble-rouser, plumbing new depths of my disgust on a daily basis. Reality doesn't enter into the conversation with people like this. They do not want to appeal to our higher selves, our intellectual best. It's intellectually dishonest, and yet...some people eat it and Palin up. It's all about propagating the culture of fear and lies.
Read the New Yorker article about Ohio, it's full of little 'gems' like what we saw in this video. "The Hardest Vote", October 13 issue. http://www.newyorker.com/reporting/2008/10/13/081013fa_fact_packer
Ok, that's my rant for the day. I have to go calm down and make my potato salad now.
Posted by: cobblehiller at October 10, 2008 11:14 AM
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