Financial fuckery thread

[hirley0]

Wednesday | there were scores of WiFi drop carriers today
litterly 1 fore ever mouse click on SAVE | 1 in place now 23:00

Aren't deregulation and the free market great?!

& WHERE WERE the two of them hanging out Tuesday ?

UNsure how to bundle  these ~" Ill us ion s'$ "~ for reSaiL

I DO recognize the chart pattern
&THus can qUote Prev Close 3.45
was 84% MOV v FROM mY 4.1 F

ad 40300 10:10:10.0110

[hirley0]

DOW ag|/ KGC | 2y 6m 3m 3mC 5d 1d  Q5/S&P   spy?dow SPY

DAX 2y 6m 3m 5d 1d | CVS5PMC CVS60WAG | forecast( )McD |
Celesio AG (CAKFY.PK)(CAKFF.PK) is a German pharmaceutical |n,cludes: CVS, PMC, WAG

Brazil EWZ Bovespa | B/V5d  B/V6m |

NIKKEI 2y 6m 3m 5d 1d | TKECF 5D/s |_China_>SSE> 2y 6m 3m 5d

[hirley0]

ad 40802 {Mon 6/24 6:46am pdT y=a*b^x a=15.48 b.99 =?14.54
ad 40388 ^ Not worth 1 Ms. Yeah: noW it has returned? See @}
ad 40422 donno/don't give a rats pelt/-WiF mY GUESS=\ SEEWXY
ad 40461 0K the guess is down\ when? / Looking ?
| g1 SPY ABOVE 165 then down below 50dMA towards the 200dMA line
ad 40802 {XpecK 155 ?/? \_ y=a*b^x Remember {{No:
| g2 60d stoc will remain below 50 for weeks & move below 20
ad 40802 {SAME OPINION
| g3 today5d get out when RSI returns above 50 ? close
ad 40802  {SHOULD HIT 20 AGAIN?
| g4 A Way to play MAY be VRX or BMRN 2avoid?
ad 40802 {BMRN {{ NOT VRX
| g5 TM in the PM RSI at 80 ob {sell C
ad 40802 {has me guessing {{AVoid for now

[Junkenstein]

Remember the LIBOR fuckup? Well, we've finally been able to charge someone:
http://www.bbc.co.uk/news/world-22952843

Former UBS and Citigroup trader Tom Hayes has been charged by the Serious Fraud Office (SFO) in connection with its investigation into the manipulation of Libor.

Mr Hayes, 33, has been charged with eight counts of conspiracy to defraud, and will appear before Westminster Magistrates' Court on Thursday.

These are the SFO's first criminal charges related to Libor.

Mr Hayes, who is a British citizen, has previously denied any wrongdoing.

He was arrested by police and the SFO last year alongside two other traders.

A small step, but a positive one. It really should embarrass a lot more people at the total lack of repercussions involved for doing this kind of shit. It's almost enough to make you start to think that they might benefit from it or something.

Some quick HA HA
http://www.bbc.co.uk/news/uk-politics-22949338

Chancellor George Osborne has announced plans to stop multinationals hiding their profits from the taxman in shadowy offshore "shell" companies.

He pledged to set up a UK register of beneficial ownership - which could be open to the public - to make it clear who was gaining from such arrangements.

The chancellor hopes other G8 nations will sign up to the idea.

He said more progress had been made on reforming the global tax system in the past 24 hours than the "past 24 years".

So it'll be even more shocking when nothing happens then. This wanker's been promising reform in this area for years and still hasn't lifted a finger. No mention of the "progress" under previous governments which included some very clever deals to sell government buildings to off-shore companies and then rent them back. The vast majority of government buildings ARE tax dodges. No wonder google/Vodaphone/Etc. execs keep looking at you like you've shat the bed and want a cuddle.

[Cain]

He's 33, and the LIBOR rigging has been going on since 2005.  This trader's a fall guy, nothing more.  And no doubt there's a nice retirement plan waiting for him, assuming he can keep his mouth shut.

[Junkenstein]

Considering the banking convictions at large, it seems likely that anyone convicted is a fall guy. All of them so far seem fucking puny in real terms.

Is there anyone of note actually facing real consequences yet?

[P3nT4gR4m]

There was that guy, what was he called again ... oh, yeah - the taxpayer 

[hirley0]

in another hour it will be WEdnesday already
& a rather strange day for me to say the least
the TRACK aka 4th& Alder { timing? peliminary practice ?
i poise i'LL try Belmont thats 5 after Just a min
http://www.equibase.com/static/entry/BEL061913USA-EQB.html
Just Race #1 $60,000. For Maidens, Foaled In New Y & {never mind
its just practice crossing Broadway on Alder at 10 to 10 PDt
@2 at 8/5 is all i care to mention
then there's the Farmers market at she*'s park ? Whats its name?
zuccini {never Mind 2:30 PM buhs / LUNCHinn { oh {{ what {{{WHO
Back by 4? 4th again?/? the 9th at Belmont Hiss STORY try Arlington
http://www.equibase.com/static/entry/AP061913USA-EQB.html {nopE
http://www.equibase.com/static/entry/PEN061913USA-EQB.html {nopE
http://www.equibase.com/static/entry/IND061913USA-EQB.html  {#4R5
{LoC LoC LoC 1 PER LINE VALLY FUNny + 1 MORE JUST NOW2


YEAH?yeah THUS i went down to 4th AVe via Alder
to wageR on1, it was a new event for me {LoC
So i looked as best as i could at the multitude of screens
both on the entry level & also downstairs| unable to see what i was
looking around for i grabed the ?"schedule"? 6-17-23 Fa was not
listedbut Prax was at 10AM? i ASK THE TICKET LADY but i
translated Fa wrong & got now were using her hand held?
in as much as i had gone that far i decided to watch A
race. #10 was favorite & ran last. when the race finished
the screen jumped to the Fa Track, i wondered what was
coming thru A switch from T1 to T2 on the East screen
after a breef Fa screen the screen returned to T1
i left in a bit of confusion / with the Schedule in
pocket and got Symphony bars on sale at rite aid
the a pass thru Nordstrums for polo on my way to
9th/salmon for dinner/Lunchmenu &2 Bank 4 {never mind
Bread & Braunschweiger at Safeway & now 12:34 pdT{{Last Edit: Today at 11:34:50 am
ps DON'T WANT TO 4GET TO MENTION TODAYS vrx MOVE

[Junkenstein]

Ah.

Ha.

Ha ha.

HA HA HA

AHAHAHAHAHHAHA

http://www.bbc.co.uk/news/business-22954586

Oh gods, my sides, they ache

Senior bankers guilty of reckless misconduct should be jailed, a long-awaited report on banking commissioned by the government has recommended.

The Parliamentary Commission on Banking Standards was set up by Chancellor George Osborne last year after a number of scandals involving the industry.

The cross-party group's fifth report attacked the lack of accountability of bankers and also said some bonuses should be withheld for up to 10 years.

It gets better.

The report advocated:

senior bankers should be assigned clear personal responsibilities, with the legal onus on them to show they have done all that is reasonably required

recklessly disregarding these responsibilities should be made a criminal offence - including a possible prison sentence

senior bankers - and anyone in a position to cause the bank serious harm, such as top traders - should adhere to a new set of banking standards set by regulators

pay for bankers should be deferred for up to 10 years, with the ultimate payout linked to the long-term performance of the bank and of the employee's particular business area

deferred pay and pension rights should also be cancellable if a banker misbehaves, or - in the case of senior managers - if the bank has to be bailed out

banks should be legally required to put financial safety ahead of shareholder interests

Thinking about similarites to Leveson yet? You should be.

The committee also criticised the male-dominated culture on trading floors, saying banks should be required to publish their gender ratios and take action where there is a significant imbalance.

I'm sure they'll get right on that.

Anyway, more HA HA at the link. Everyone can now go and give each other a good stroke about how they've figured it all out now so it's only a matter of time until it's all AOK again. Note - The media has effectively beaten any Leveson reforms into dust. Anything likely to be implemented from that will be a joke and back to business as usual. Considering the current (Or any likely) UK government I doubt they're that worried.

[P3nT4gR4m]

LOL, yeah. I wonder how much that exercise in stating the utterly fucking obvious cost us?

Next the gravity inquiry - 6 months, 20 million bucks on executive lunches to find out that, yes, gravity is an actual thing

Someone explained to me a while back why we need these fucking idiots but I can't for the life of me remember

[Junkenstein]

As far as I can figure, to give jobs to the boys, you need some cushy jobs first. Explains the abundance of Quangos and committees and such.

It's very important to have important people ask other important people questions about their important business. Then you can all calmly agree that a a very nasty crime has gone on and we shall not talk about it like that at all.

The vast majority of the Leveson issues were actual clear cut criminal issues. Many of the banking issues seem to be clear cut criminal issues. Don't worry about that though. We're getting a shiny new regulator. Because the FSA does/did/claimed to do such a fucking wonderful job.

[Cain]

Did anyone else notice this in the sidebar?

The bill gives the Treasury the power to impose tougher requirements on banks to increase their ability to absorb losses, in particular by requiring a bank to borrow money from markets in a form that allows the bank to impose losses on the lenders if it gets into trouble.

[Junkenstein]

Oh shit, I missed that.

That's a nice bit of icing around the pill in a worst case situation. My guess is that will get into statue somehow, the rest..... probably not.

[Cain]

Well, Osborne roused himself from his party strategic musings (his real job - Chancellor is only his cover identity) to say that the findings of the inquiry "may" affect the Banking Reguations Bill.

Which is of course political code for "go fuck yourself".

[P3nT4gR4m]

Is there any single sentence in political parlance that isn't code for "go fuck yourself"?