View Full Version : Signs that the wheels are coming off
Cogburn
05-20-2009, 06:10 PM
Posted from elsewhere, but I'm interested in your discussion.
http://www.cnbc.com/id/15840232?video=1128608144&play=1
Watch the video and listen to Jeff Macke.
The mutherfucker figured something out and he's scared shitless.
pack3tg0st
05-20-2009, 07:04 PM
He's not scared...
He's got insider info that he wants to get out... but can't for some reason...
thats how I took it...
pack3tg0st
05-20-2009, 07:07 PM
If I read that right... we're supposed to look at Bank of America... and The Auto manufacturers...
I really wish we had the other footage from the other 3 hours he was talking about... that might tell us more.
B of A put up 700+ millian shares for sales to institutions. Wonder if it is tied to that offering.
Cogburn
05-20-2009, 07:22 PM
Fast Money just went off the air about 15 minutes ago and I didn't see a single reference to this tirade.
Here's his blog posts from the past two days...
BoA - http://www.minyanville.com/articles//5/18/2009/index/a/22715
GM - http://www.minyanville.com/articles//5/19/2009/index/a/22733
Hmmm....
Cheezit
05-20-2009, 07:23 PM
"scared shitless" no, but was good tv. :lol:
Sounds to me that he had alot to say but couldn't say it on tv.
And he hurt his case by making himself sound like a crazy person.
though, I would like to hear more of what he has to say. Auto guys = cazy lol
http://www.usatoday.com/money/industries/banking/2009-05-19-bank-of-america-raises-capital_N.htm?csp=34
Bank of America raises $13.5 billion selling stock
CHARLOTTE (AP) — Bank of America (BAC) said Tuesday that in less than two weeks it has raised $13.47 billion through the sale of 1.25 billion shares at an average price of $10.77 each.
"We're pleased to have this portion of our capital plan completed," said Chief Financial Officer Joe Price, in a statement Tuesday. "This strengthens and diversifies our capital structure."
The government recently released the results of "stress tests" it ran on the nation's 19 largest banks to determine if they would need additional capital to protect against losses should the economy worsen. It found that Bank of America would need an additional $33.9 billion, more than any other bank reviewed.
Cheezit
05-20-2009, 07:25 PM
My first thought was....hay, a guy with the guts to say on tv that this whole thing is a crazy game.
refreshing.
Ima Nasshole
05-20-2009, 07:29 PM
Looks like he did a huge gagger right before he went on. And Fritz is a fucking moron, I signed an FHA addendum today acknowledging the fact that my house dropped $25k in value between April and May. And the bottom of the auto market? That statement is criminally careless for a so called analyst.
Cogburn
05-20-2009, 07:35 PM
The phrases he kept saying... almost like an NLP mantra...
"I have no idea"
"Talk to you like a child..."
"Just say yes..."
"Dismissed (these people)/(this) as idiots..."
"I'm a relief to you or I'm crazy..."
"Say 5 little words..."
... and on the way out says 'I'm trying to be plain with you..." and it cuts off.
He's a licensed fund manager so if he opens his mouth about shit he shouldn't know his whole income takes a shitter. It's almost as if he's trying to get some information on a legit level to backup what he shouldn't have seen...
Ima Nasshole
05-21-2009, 01:56 AM
Perhaps when he got his last check they attempted to pay him in Amero's?
Or
He had a private conversation with the "Car Guys" and something they told him freaked him out. Perhaps these "car guys" had the equivalent of a gun waved in their face by the Chicago mobster turned POTUS? The man appeared to be at wits end but I have no baseline character traits to base this off of, just my opinion.