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The Shadow King Of Wall Street: "Markets Like Totalitarian Governments"

Tyler Durden's picture


Wall Street's shadow king, Blackrock's Larry Fink who manages over $3 trillion, and is the world's biggest asset manager, appeared on Bloomberg TV in an interview with Erik Schatzker, and the first thing he said is that the "market likes totalitarian governments." That one statement explains everything one needs to know about the market performance over the past two years: there has hardly been a time in the past century when all the globalized regimes supporting stock markets and asset prices have been more "totalitarian" by Fink's, or any other definition, than they are now. And while the plutocracy may welcome the advent of the Communist States of Iosif Vissarionovich Bernankestein, the common folk, as they always do, ultimately revolt violently against any such attempt at supreme government. Zero Hedge regular Mike Krieger was quick to proclaim his condemnation: "This is how these elites think.  Even if markets did like totalitarian governments HUMANS DON’T.  This guy is pure scum and is exactly what is wrong with America and its policy today.   This is also the guy that told us to buy dollars and treasuries yesterday…" But such are the ways of a dying ponzi regime. Everyone knows the end is coming and is inevitable. And while Wall Street's self-anointed masters of the universe believe they will be able to avoid the ultimate unwind, they are wrong. Just like Gaddafi is finding out first hand right about now.

Full clip

And a summary of Fink's entire 15 minute interview:

Larry Fink on the markets today: 

"I believe the market has shifted from euphoria, from August through late January and now we are at a moment of reflection. I think this period of reflection will be sustained for some time."

Larry Fink on whether he is a buyer or seller:

"If you believe that markets are efficient, some of that uncertainty has been priced in already. We’ve had an increase in oil; there has been no increase in demand in oil. It is that risk premium that has been priced into the marketplace. We’ve had a reduction in equity prices worldwide, especially in the emerging world, where everyone was so bullish one year ago and now money is being poured out of it. "

"If you believe that all this noise, uncertainty will produce a better outcome, it is probably a buying opportunity. If you think the noise will create a more troublesome world, it may cause some developed economies to revert back into a recession, then we will have rough going for the next year."

"I am more in the camp that this uncertainty will create a great amount of volatility, the marketplace is pricing this in, and if the market has a setback in terms of prices, I would be a long-term buyer."

On Treasuries:

"I don't think an 80 basis point increase in interest rates is a bear market. We have a possibility of rising rates. The outer limits could be 4.40%, on the ten-year. The market knows that the Federal Reserve will be completing its QE2 program by June. The markets are efficient. A lot of this is priced in."
"We believe rates will creep up. We're not calling that a bear market. The other issue we need to focus on…We all spend time focusing on the Treasury market but in the United States, we've had a collapse in the outstanding of debt.  Corporations, individuals have really pared down their debt. The amount of outstanding debt in America has shrunk…You cannot look at just the Treasury market alone. If you encompass all the cash sitting on the side and you look at how much debt reduction we have seen in the credit markets, I believe there will be a ceiling of how high rates can go. What can throw that out is if we start experiencing a persistence in inflation…If you believe we will have creeping, rising inflation over the next two years, of course interest rates will have to go higher."

"Inflation will be more moderate. Until I see a labor market that is more robust and until I see factory utilization to be larger, I think inflation in this country will be more muted than what we see other countries."

Larry Fink on whether he is a buyer of Treasuries:

"If rates creep up over 4%, I would be incrementally buying interest rates.”

"I would definitely be lengthening [duration]. I believe inflation may be a problem in the short run but in the long run, not. You would want to buy if the yield curve shifts upward on the longer end and take advantage of that. If your views of inflation is short, the long end will do the best."

On European sovereign debt crisis:

"I don't think [the European debt crisis is over].  I think we will have more volatility there. We still have not addressed the Greek problem. We are in the midst of reviewing what is happening in Ireland. We still have the banking system in Europe which is undercapitalized. You had the governor in Italy saying his banks need more capital. Spain and other countries are saying their banks may need more capital. You put this idea in, the need for more capital to the financial system plus the sovereign credit difficulties, which would probably cause a reduction in capital. We will still have more volatility out of Europe. It will probably be a negative trend."

"I'm a big buyer of the U.S. dollar here."

On reports that BlackRock is teaming up with KKR, Warburg Pincus, and others to buy Citi Financial from Citigroup:

"I don't comment about market rumors…I will say, we do a lot of things for clients….Yes, we are not getting into the consumer-lending business. One should assume that if we are involved in this, it would be on behalf of clients, not for our balance sheet."

On BlackRock making deals:

"It is not our intention to do another large deal. I don't see a need for it. Whether regulators are inhibiting us or not, we have said publicly we are happy with our business model as it is today. We made to fill-in acquisitions in different countries or may do an acquisition for the BlackRock technology business, BlackRock Solutions. But it is not my intention to be doing anything large-scale."

"I remind people and regulators that 100% of our business is a client-serviing business. We are in agent in all our businesses. This is not our capital. This is not our balance sheet. We don't have leverage. What caused the credit crisis was leverage. We are a different animal. We are only an agent."

On the Middle East:

"Saudi Arabia is probably the most troublesome country to answer. I think the government will manage the situation properly. They have offered a big infusion into the economy. It is a very wealthy economy with huge oil reserves and huge reserves. It is a very large population in the Gulf region. It is the largest population in the entire Gulf region. That is what produces the uncertainty. The world is dependent on their 8-9 billion barrels per day."

"That is an uncertainty we have to factor in. If there is uncertainty around Saudi Arabia that produces a slowdown of oil production, then we will have severe issues in this world. That is probably one of the most difficult issues that we are facing today.

"In the short run, you could see oil prices going north of $150 if you had that type of oil shock. It could be $200 at any one moment. My view would be that this would be managed over a course of a period of time."

On China:

"They are more uncertain. They are the biggest producer of products in the world today. We're very much dependent on China. It is a similar way we are dependent on Saudi Arabia for oil."

"I am very concerned about China. China has done a magnificent job about engineering its economy…They have 300-400 million people living at substandard levels. They are in the outer regions outside the river delta valley. They are in many ways minorities and Muslims. They want change…China, because of the size of its population and because the imbalances of standard of living in the country, is an issue. They have done a good job of navigating this but we should put that in as a factor of risk going forward.

"I am more worried about equities today because of this uncertainty. Five-six months ago, I said our economy is better than we thought it would be. I would argue today that we think the economy is better today than it actually is. The enthusiasm has increased dramatically. I think the market is pausing. We need to see how this all plays out. I am quite constructive on Northern Africa, that this will be played out in a positive way. In the short run, democracies are dirty and messy and we could see moments of time in which that uncertainty is a negative uncertainty."



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Fri, 03/04/2011 - 16:30 | 1020078 Cognitive Dissonance
Cognitive Dissonance's picture

Sociopaths love totalitarian governments too. Larry Fink is a sociopath.

Fri, 03/04/2011 - 16:46 | 1020149 Misean
Misean's picture

Be careful, insulting sociopaths can be hazardous to your health.

Fri, 03/04/2011 - 16:51 | 1020164 Cognitive Dissonance
Cognitive Dissonance's picture

Actually they consider it a compliment and even high praise. 

The peons love me, but they also fear me. Ain't that sweet.

Fri, 03/04/2011 - 16:54 | 1020178 Misean
Misean's picture

As a fellow sociopath, I am insulted to be included in the company of Fink...just sayin...

Fri, 03/04/2011 - 17:16 | 1020309 Trundle
Trundle's picture

A buttery personage, he may well one of the first to be eaten if the "eat the rich" meme goes full circle.

Fri, 03/04/2011 - 17:30 | 1020409 Cognitive Dissonance
Cognitive Dissonance's picture


Fri, 03/04/2011 - 18:01 | 1020559 Hook Line and S...
Hook Line and Sphincter's picture

When the sociopaths are crossed (for such offenses as...stepping on their big toe), you can expect an eye for an eye to be thrown out the door and quickly replaced by a toe for your life. Get in the way of this mans Will and most will end up as the meal (see turkey above).

Sat, 03/05/2011 - 09:02 | 1021752 BigJim
BigJim's picture

This guy is the epitome of conventional wisdom, and may well be a sociopath to boot, but when he commented that 'markets like totalitarian governments', it seemed to me he was just making an observation apropos market volatility, rather than making a moral judgement.

Or did I miss something?

Sat, 03/05/2011 - 15:11 | 1022157 milbank
milbank's picture

You are totally correct Big Jim as is Fink.   That "Tyler Durden" doesn't recognize what Fink said regarding Totalitarian governments and the markets is why Zero Hedge has been self-righteously losing money for anyone who follows "Tyler Durden" commentary as a guide to trading.  The board commentary deriding Fink are from losers both psychologically as well as monetarily. If you don't believe it, look at what the market has done in that last two years as "Tyler Durden" and Zero Hedge have done their "thing." 

Losers lose, Winners win in the markets arena.

Dat's that fact Jack.  No amount of impotent whining or anti-semetic, redneck rhetoric will change it.

Sat, 03/05/2011 - 20:51 | 1022526 GoinFawr
GoinFawr's picture

My my, isn't somebody sensitive...

 Erm, last time I checked, TD was loooooong physical gold and silver the last two years; how do you figure anyone lost money on those two B(note the cap)ullmarkets? And that's not even to mention those ZH'ers with the cajones to throw fiat bux at choice miners of the same over the same timeframe, using the proceeds to possess even more OZ's. Hunh, looks pretty win-win from my perspective.

And that's the fact jack.

But by all means, 'buy the dollar' like Mssr.Fink says, milbank. Say, how has that trade been doing over the last two years? I guess it's off the lows, for now: congratz! Then again, against real (currencies) like Ag and Au- ouch!

Bonne Chance!

As for the rest, well commentors can only speak for themselves, hmm? 'Good with the bad' when it comes to a 'speak easy', no? It seems to me that anything worth defending usually is, and vigourously; not to you?

But I challenge you to find me one article submitted by TD that fits into those other categories you mentioned....

<steels self>

Sat, 03/05/2011 - 19:04 | 1022528 BigJim
BigJim's picture


I've made more money trading since I've started reading zerohedge.

And though they're clearly anti-zionist (as is anyone with any knowledge and sense of ethics), I have yet to see an anti-semitic article.

Fri, 03/04/2011 - 17:40 | 1020456 IQ 145
IQ 145's picture

 double plus one. Me too. I watch with the sound off; and just let my life experience speak to me; this guy is a professional bullshit artist who thinks he's cute. Makes me slightly nauseous. Good reason to short the Long Bond.

Fri, 03/04/2011 - 16:59 | 1020198 hbjork1
hbjork1's picture

You don't even have to insult them.  Simply being around, effective in your work and popular with other employes may make an employee a target.  Such people may not be fully controllable in a pinch. 

Fri, 03/04/2011 - 17:07 | 1020257 alien-IQ
alien-IQ's picture

who here would not be happy to pay any price to have 15 bare fisted fight club style minutes with that man?

I'd happily offer 15 oz. of Gold for the opportunity.

Fri, 03/04/2011 - 17:32 | 1020419 Gold 36000
Gold 36000's picture

I would love to have a go with him.  He looks and sounds like a real pussy.

Fri, 03/04/2011 - 18:07 | 1020583 Hook Line and S...
Hook Line and Sphincter's picture

15 minutes? Where is your efficiency?

2 seconds he has a broken nose from a head-butt, 1 more second to a choke hold, 15-30 sec until he's out, 10-20 seconds of 'curbing' his passed out ass...shoe against his head/teeth against the curb.

Sat, 03/05/2011 - 10:47 | 1021816 Shylockracy
Shylockracy's picture

My time frame is 3 rounds of 3 minutes (olympic taekwondo). I'd be happy to meet him for 30 sec. in a ring. More would be just pleonasm.

Fri, 03/04/2011 - 18:12 | 1020597 kita27
kita27's picture

this interview wasted 5 minutes of my time before i could listen no more.

Fri, 03/04/2011 - 16:29 | 1020083 Mr Poopra
Mr Poopra's picture

Nice of Larry to take time away from feasting on unicorn blood and children's tears for a quick interview.

Fri, 03/04/2011 - 17:14 | 1020294 Bastiat
Bastiat's picture

Good one!

Fri, 03/04/2011 - 16:33 | 1020089 The Axe
The Axe's picture

agree....Elite scumbag.....Let them eat CAKE!!!  cocksucker

Fri, 03/04/2011 - 16:34 | 1020091 ReallySparky
ReallySparky's picture

Down with Totalitarian Governments.

Sat, 03/05/2011 - 18:11 | 1020893 Zero Govt
Zero Govt's picture

that'll be every one in the western world then ....can't imagine these global elite corporations dealing with any Western or Eastern Govt notices any difference  ..."Which offshore bank account would you like your brown envelope in Minister?   

Also Fink says, "Whether regulators are inhibiting us or not, we have said publicly we are happy with our business model as it is today."
I believe Blackrock is one of the the parties including JPM behind iShares. He claims his business is just an "agent" for the investors but iShares is a shell.
This ETF vehicle is so shelled (hollowed) out even the Silver in SLV has zero liability on testing or knowing what the Silver is behind their ETF.
Amoung a host of other dodgy statements in this SLV ETF Blackrock appears to be an "agent" of buying something that looks like a whole lot of fuk all... I'd say that puts Fink in the Madoff category of doing business so where does he get "regulators are inhibiting us" from???

Fri, 03/04/2011 - 16:34 | 1020094 Strongbad
Strongbad's picture

Wall Street's new theme song:

Fri, 03/04/2011 - 16:35 | 1020095 GNandGL
GNandGL's picture

No surprise here.  Keynes admitted that his economic policies were more suited to totalitarian regimes than democratric ones. 

Fri, 03/04/2011 - 17:01 | 1020215 Lord Welligton
Lord Welligton's picture

Got link old bean.

Much obliged.

Fri, 03/04/2011 - 17:13 | 1020285 packman
packman's picture

I wouldn't mind seeing and explicit quote either - but it only makes sense.  His whole life's work was advocating managed economies.  What easier way to manage the economy than with a totalitarian political system?  The two not only go hand-in-hand, but are essentially the same thing.


Fri, 03/04/2011 - 17:19 | 1020328 Lord Welligton
Lord Welligton's picture


And rather the point.

And also the essence of "Central Banking".

The control of aggregate demand.

For whom?

The people or the bankers?


Fri, 03/04/2011 - 17:19 | 1020335 Misean
Misean's picture

No problemo.


Fri, 03/04/2011 - 17:23 | 1020362 Lord Welligton
Lord Welligton's picture

Much obliged.

You are a gent.

Fri, 03/04/2011 - 17:28 | 1020398 Cognitive Dissonance
Cognitive Dissonance's picture

So the police state is just a means to the end of keeping the Ponzi going? I knew I liked these guys.


Fri, 03/04/2011 - 17:32 | 1020413 Lord Welligton
Lord Welligton's picture

Can't disagree with you there.


Fri, 03/04/2011 - 17:40 | 1020463 Lord Welligton
Lord Welligton's picture

May I respectfully suggest the opening of the interview.

@ 00:16

"Larry I feel like we're twins today"

People will have taken that as Larry and the Interviewer (who does not give his name) are both wearing lilac shirts and ties and charcoal grey suits.

I did not.

I took it the Bloomberg and Blackrock are twins.

Am I suffering from Cognitive Dissonance?




Fri, 03/04/2011 - 17:50 | 1020502 Cognitive Dissonance
Cognitive Dissonance's picture

Yes. And no. :>)

I see it as a manifestation of the interviewers Stockholm Syndrome. He's telling his sociopath tormentor "See, I'm just like you. I can lie, bullshit, misinform and use subterfuge and innuendo with the best of the sociopaths. I've been studying nights and weekends so don't hurt me. I'm one of your kind. I'll do anything you tell me to do only stop beating me."

When the mind can no longer resist the agony it attempts to be just like the tormentor/abuser in order to hide within the herd. Chameleon is the last stage of capitulation.

In many ways corporations do the same thing when in the presence of a bigger swinging dick.

Fri, 03/04/2011 - 18:06 | 1020587 Lord Welligton
Lord Welligton's picture

I think yes and yes on that.

Though that does not dissemble my "twin" analysis of Bloomberg and Blackrock.

As corporations I, now, for the first time, know that Bloomberg and Blackrock (they being corporations) are not mere relatives. They are twins. I suspect further that they and other are clones (that would be as corporations).

For the two individuals, I am not sure that they see it.

One knows he is The Prince. The other knows he is a courtier.

Having said that.

It is truly disturbing that the manager, as he points out, of pensions of Police, Teacher, Nurse etc, educates them to allow him, The Prince, kill for their pensions.

I am very disturber by Larry Fink.

I don't want Blackrock managing my pension.


Fri, 03/04/2011 - 17:56 | 1020545 IQ 145
IQ 145's picture

 They could have worn the same old school tie; but I suppose even Americans might have got that.

Fri, 03/04/2011 - 18:43 | 1020712 Misean
Misean's picture

Couldn't exist without it. Why, Mr. Ponzi's own scheeme was based on arbitrging the postal organs of various global police states.

Fri, 03/04/2011 - 16:35 | 1020099 Pladizow
Pladizow's picture

Has there ever been a banker-centric serial killer?

Fri, 03/04/2011 - 16:39 | 1020119 Sudden Debt
Sudden Debt's picture

Let's look into Russian and German history for that one...


Fri, 03/04/2011 - 16:52 | 1020169 LeBalance
LeBalance's picture

Pardon the droll comment:

"So you read here at ZH everyday and you don't know their names already?"

There's Paulie and Alan, Fischer and Blankfein, ....

But the most famous mass murdering inflationista of ALLLLLLLL......

Bennie The Inkjet Bernank had a printer on nitro-meth,

And everytime he goosed it, Arab states erupted in death,

All of the other banksters, were completely green in envy,

They wanted to help our Bennie foment the world's war games.

La? La? La?

Fri, 03/04/2011 - 17:05 | 1020231 Pladizow
Pladizow's picture

My comment asked if there was ever a banker-centric serial killer, i.e., a killer whose sole focus was the extermination of bankers - NOT - if there are bankers who are serial killers, that answer is obvious.

Fri, 03/04/2011 - 17:30 | 1020403 Gold 36000
Gold 36000's picture

Hopefully by naming names here perhaps there are a few brave souls willing to take a stand.

Fri, 03/04/2011 - 22:05 | 1021190 palmereldritch
palmereldritch's picture

Yes there is.  To date it has been old age.

Fri, 03/04/2011 - 16:35 | 1020103 camaro68ss
camaro68ss's picture

The zombie Apocalypse is near

Fri, 03/04/2011 - 16:36 | 1020104 Arthor Bearing
Arthor Bearing's picture

Self-satisfied smug little shit banksters like Fink won't know what the hell to do when they're faced with the reality of what they've done. God willing they'll be trapped on the island with nowhere to run and no hope of rescue

Fri, 03/04/2011 - 16:36 | 1020111 BobPaulson
BobPaulson's picture

Won't need to know what to do while hanging from a lamp post.

Fri, 03/04/2011 - 16:36 | 1020106 10kby2k
10kby2k's picture

He rivals Bernanke in dorkiness.

Fri, 03/04/2011 - 16:36 | 1020108 BobPaulson
BobPaulson's picture

Remember: you make the most money in a Ponzi scam right before the very end. 

Fri, 03/04/2011 - 18:19 | 1020620 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

Cool catch phrase but hardly accurate.  If making money in a ponzi then by definition it is expanding and thefore not near the end unless it spreads like a virus on a petri dish - growing exponentially until there is no new host then collapse.

On second thought, you're right.

Fri, 03/04/2011 - 16:36 | 1020109 InconvenientCou...
InconvenientCounterParty's picture

"market likes totalitarian governments."

I think ZH'ers get this for the most part. I'm a little surprised no one is promoting the idea that the U.S. is supporting the regime in Lybia. Motive, opportunity, economy element of surprise. GW?.... any one on this?

Fri, 03/04/2011 - 16:37 | 1020110 Sudden Debt
Sudden Debt's picture

If I would still have cash I would short the euro now.

But my silver speeders and turbo's make up for it  and will stay in place :)


Fri, 03/04/2011 - 17:49 | 1020500 IQ 145
IQ 145's picture

 Short the June contract, EUR/USD from 1.3965 this morning at 8:40 am. We'll see what happens next. How did you arrive at this conclusion? What's your point of view on the Euro trade ? Thanks.

Fri, 03/04/2011 - 16:53 | 1020117 alter ego
alter ego's picture

At least he is telling the truth.

This is the way they think, but nobody dare to


At least give him the recognition for that.

By the way, I think his pragmatism shows what

is  really wrong with the world today.


The sad part about this type of speech is

that you will find it in finance, politics, science

and the people who most of the time support

this vision have a saddistic pleasure to talk on

this way.

One of the most famous pragmatic is Henry

Kissinger, I don;t know if anybody have seen

the latest interview in this fellow talking about

the Middle East crisis.

Or George Soros saying that US and Europe

have to be on top of this revolution to have a

new "friendly" puppet.

Sick people my friends.


Fri, 03/04/2011 - 17:07 | 1020256 Saxxon
Saxxon's picture

Machiavelli's name has been vilified for more than half of a millenium, for stating while not inventing the conditions.

Alter-Ego; agreed the millipede deserves a modicum of kudos for actually stating it.

Enough money yet, Mr. Fink?

Fri, 03/04/2011 - 17:23 | 1020349 Lord Welligton
Lord Welligton's picture


Correct on Machiavelli. He was not (necessarily) advocating but rather stating the obvious.

Having said that.

Larry Fink is no Machiavelli, he is rather The Prince.

Fri, 03/04/2011 - 17:54 | 1020536 Guy Fawkes Mulder
Guy Fawkes Mulder's picture


But I want to gratuitously add that "prince" is a ridiculous mistranslation of principe, since one of my big beefs with the world in general is the folly and obfuscation of academia.

Yes, I know that Italian dictionaries and translator programs will say it is "prince", and that it many contexts it is translated appropriately as "prince".

But if you look at what Machiavelli was saying, his actual context, you will know that he means "chief" or "head man" by principe. The King would be a much more appropriate English translation than The Prince.

See the Latin word "princeps".

Plato's Republic is another mistranslated title. It absolutely has nothing to do with republics. Plato is actually describing something much more similar to a one-world government ("new world order") than any "republic". I would re-title Republic to Kallipolis or to simply Politeia, which is what Plato called the book himself.

Gratuitious music link: ("Everybody Wants to Rule the World")

Fri, 03/04/2011 - 18:37 | 1020691 Lord Welligton
Lord Welligton's picture

I could disagree with you but I won't.

You are correct to state that Machiavelli was elimenting principles and used the term "Prince" to describe the principles of the government of people and conflict.

He dedicated his thoughts to the Prince of Urbino (a Medici).

Gratuitious music link:


Fri, 03/04/2011 - 18:59 | 1020738 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Nice link.
I still can't keep a straight face when I see political science professors say the term "princedom" with a straight face.

Fri, 03/04/2011 - 19:44 | 1020882 Lord Welligton
Lord Welligton's picture

Here is another free link.

Police and Thieves.

The point here is that the Police (The regulators) are one and the same as the Thieves (The banks).

However here is the essence,

"All the crimes committed day by day
No one try to stop it in any way
All the peacemakers turn war officers
Hear what I say"

Which I think is that neither the Government nor the People will stop the crime.

You say "political science professors".

I say that is just another Government Mafia job.

Of course it carries a hefty pension.

Political Professors exist for one reason only (as they do in China and Russia).

Preserve the State. Get paid.



Fri, 03/04/2011 - 18:02 | 1020564 IQ 145
IQ 145's picture

 But compared to the Prince Machiavelli had reference to; Mr. Fink is very ignorant, and common. Really just a jumped-up brokers clerk in a flash suit.

Fri, 03/04/2011 - 18:46 | 1020717 Lord Welligton
Lord Welligton's picture

Can't disagree there.

His $3.5 trillion dollar meme can be described as Fascism, plain and simple, and, in plain sight. All Fascists are jumped up. They need the support of violence. Violence is their bread and butter.

The Fascist Larry Fink just said Democracy is interfering with his manipulation of the Economy.

Apparently Larry thinks the Economy is His Economy.

Maybe he's right.

If he is right?

Every Economist educated within the last 25 years is a Fascist.



Sat, 03/05/2011 - 03:30 | 1021609 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Igby: Oliver is majoring in neo-fascism at Colombia.


Igby: Semantics. 

Oh, cool, IMDB can quote stuff:

Fri, 03/04/2011 - 17:16 | 1020313 Lord Welligton
Lord Welligton's picture

Excellent analysis of the mindset.

He is telling the truth as he sees it.

Fri, 03/04/2011 - 16:38 | 1020120 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

What!?!?!?  Was it something I said.

What waste of human flesh this guy is.

Fri, 03/04/2011 - 16:38 | 1020121 rlouis
rlouis's picture

Has anyone seen Hosni Mubarak since his "stroke"?  I figured it was a disinformation tactic but I also expect when the SHTF a lot of these turkeys will have strokes.  They can't handle it when people don't obey....

Fri, 03/04/2011 - 16:41 | 1020131 Sudden Debt
Sudden Debt's picture

I've heard he's preparing to run for presidency in the US for 2012.


Fri, 03/04/2011 - 19:25 | 1020823 NotApplicable
NotApplicable's picture

Pyramid is on the dollar already, so I don't see why not.

Fri, 03/04/2011 - 16:43 | 1020137 prophet_banker
prophet_banker's picture

once this guy shorts the dollar, it's game over

Fri, 03/04/2011 - 17:52 | 1020512 IQ 145
IQ 145's picture

 Please insert another quarter if you'd like to play again. but, yeah.

Fri, 03/04/2011 - 16:45 | 1020142 earnyermoney
earnyermoney's picture

Is Black Rock one of the fascist banks sodomizing the public with bond flippage as reported on ZH the past couple of months?

Fri, 03/04/2011 - 18:11 | 1020553 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

But they still are fascist and they still sodomize the public if there is a profit to be had.

And like GHWB's Carlyle Group, Blackrock needs to be shattered in a thousand pieces and scattered to the winds.

edit: They would sodomize their mothers if there were a profit to be had.

Sat, 03/05/2011 - 12:18 | 1021880 snowball777
snowball777's picture

Even the joke regulations for the TBTF are too onerous for this shadowy prick. He's the invisible hand...fisting the American public.

Fri, 03/04/2011 - 16:50 | 1020150 TruthInSunshine
TruthInSunshine's picture

The fall in 2007/2008 all started with Blackrock going 'public' (it had been a 'private' firm).

That happened right after Blackrock had completed some ludricous asset purchases in the most crowded and ludricous market at that time, i.e. commercial real estate (with many of the deals defaulted on now, including a single default of Stuy Town on a 5.2 billion dollar loan that resulted in a markdown in asset value to 1.8 billion.

Blackrock always is an omen of the top.

They're not's more like they're BlackLuck.

Why do they even pay attentions to these assholes? They're either fucking clueless or pathological liars.

The partnership that paid a record $5.4 billion for two of New York City's biggest apartment complexes is having money problems.

BlackRock Tishman Acquires Stuyvesant Town and Peter Cooper Village

Tishman, BlackRock Default on NYC's Stuyvesant Town

Tishman, BlackRock hand over Stuy Town keys - Crain's New York


Fri, 03/04/2011 - 17:08 | 1020264 AccreditedEYE
AccreditedEYE's picture


Broseph- Black ROCK and Black STONE are different. Here ya go...

Fri, 03/04/2011 - 17:23 | 1020351 TruthInSunshine
TruthInSunshine's picture

Ahhh, my bad.

Thanks for that.

This Fink is still pond scum.

Fri, 03/04/2011 - 17:49 | 1020506 TruthInSunshine
TruthInSunshine's picture

Wait -

AE, I had the right one.

Blackrock = Stuyvesant Town

Blackrock = Larry Fink

Unless I'm way confused (possible).


Otherwise, ain't not a thing, string bean.

Fri, 03/04/2011 - 18:03 | 1020569 AccreditedEYE
AccreditedEYE's picture

Truth- right about the deals but off about the IPO. Blackrock went IPO in 99 Blackstone in 07.

Fri, 03/04/2011 - 18:21 | 1020627 TruthInSunshine
TruthInSunshine's picture

Ahh, thanks.


Fri, 03/04/2011 - 22:22 | 1021215 palmereldritch
palmereldritch's picture

Blackorck - Minions of Sauron

A bit more background
[snip:]  emphasis mine

Connections and Conflicts of Interest in Maiden Lane


Peter G. Peterson, the cofounder of the Blackstone Group, is the Chairman Emeritus of the Council on Foreign Relations, as well as the former Chairman of the Federal Reserve Bank of New York prior to Timothy Geithner. 6  He is also the founder and chairman of the Peterson Institute for International Economics, a globalist think tank that is financially supported by David Rockefeller and Maurice Greenberg’s Starr Foundation. 7  C. Fred Bergsten, the Director of the Peterson Institute for International Economics, is a North American Steering Committee member of the Trilateral Commission; David Walker, President and CEO of the Peter G. Peterson Foundation in New York is also a Trilateral commission member.8  Both Peter G. Peterson9 and Timothy Geithner10 are former Trilateral Commission members.  James Dimon, Timothy Geithner, and Stephen A. Schwarzman are all members of the Council on Foreign Relations.  James Dimon is also a Class A director of the Federal Reserve Bank of New York. Mr. Schwarzman was a also member of the Skull and Bones society at Yale University.111213

A real swell bunch of maggots in that crew.

Fri, 03/04/2011 - 16:50 | 1020161 penisouraus erecti
penisouraus erecti's picture



Fri, 03/04/2011 - 16:54 | 1020179 JW n FL
JW n FL's picture

Larry Fink says the $15 to $20 dollar hike in Oil Prices is due to risk premium... becuase there is no new demand to warrant the bump in pricing...


How about being lite 800,000bbl that feed Italy, who is tied to the Euro and who is then tied to the Panda / Yaun???


How about a risk premium for Europes new savior China?


I would say that Oil being stuck where it is with regard to production plus a distruption in 800,000bbl's of production warrants the rise minus any synthetic pricing constraints ala' arms deals from the US of A.


Fri, 03/04/2011 - 16:54 | 1020180 steve from virginia
steve from virginia's picture


A somewhat incoherent, rambling approach to investing. I wonder if this is what 'strategy' means?

According to Fink, everything is priced in. What's left? Interest rates may or may not go higher, crude may or may not go higher, China may or may not do well, ditto the hapless billions of Saudis and their equally hapless billions of oil barrels.

What to focus on?

How about 'supply', 'demand'. What we see is new demand coming out of the woodwork and that is where the timely 'dictator' part makes sense. Dictators are excellent at managing demand for clients overseas.

But ... this is all priced into the markets, eh, Larry?

Fri, 03/04/2011 - 16:57 | 1020187 Village Smithy
Village Smithy's picture

My goodness you sure can pump it up if you don't like the way the day went WHEN YOU HAVE UNLIMITED DRY POWDER!

Fri, 03/04/2011 - 16:59 | 1020202 apberusdisvet
apberusdisvet's picture

We need a new 52 pack of cards for the coming zombie erradication.  The A of spades is easy, but I don't want to appear racist.  The A of Diamonds resides at JPM along with Blythe, the Q of diamonds.  You all can envision the rest; what should the bounty be?

Fri, 03/04/2011 - 18:32 | 1020664 Mr Drysdale
Mr Drysdale's picture

Thank You!

I have often thought of having some ZH playing cards made up with 52 different 'characters' on them.




maybe we can have a "Contest" here with a separate thread?

Fri, 03/04/2011 - 19:28 | 1020833 NotApplicable
NotApplicable's picture

Bet ya can't do it without being charged as terrorists.

Fri, 03/04/2011 - 17:01 | 1020206 RamonLlull
RamonLlull's picture

"Inflation will be more moderate. Until I see a labor market that is more robust..."

It is time that workers unite and fight for higher pay again. It is time for labour unrest! Guys like Fink are exploiting the fact that workers behave like sheep!


Fri, 03/04/2011 - 17:01 | 1020214 buzzsaw99
buzzsaw99's picture

aum = $3T+?

Good luck cashing out when you need it. LMAO!

Fri, 03/04/2011 - 17:04 | 1020235 AccreditedEYE
AccreditedEYE's picture

+100 lol

Fri, 03/04/2011 - 22:46 | 1021258 chindit13
chindit13's picture

"aum = $3T+?"

That's the notional amount, you know, like derivatives.  The net amount is $67.92, the rest having been paid out as bonuses.



Fri, 03/04/2011 - 17:18 | 1020222 AccreditedEYE
AccreditedEYE's picture


Amen Tyler.   So Big Larry basically believes we churn around for a year to work off the enormously over-bought condition of equity markets. Yeah, that may work if we didn't have a whole host of other MASSIVE structural problems that will demand attention and red ink that spills over to risk assets.

Mike Holland was eager to point out today that equities offer a fair valuation, which would imply that before Fed intervention they were trading at a discount to fair value. Well where were the buyers before at such compelling valuations Mikey?

Hopefully oil will be the first rock that begins an avalanche.

Fri, 03/04/2011 - 19:00 | 1020742 Yen Cross
Yen Cross's picture

Be nice. Please? I have been accredited for many years. Listen and learn.

Fri, 03/04/2011 - 22:34 | 1021237 AccreditedEYE
AccreditedEYE's picture

Thanks for that Yen, I'm glad your ego tells you that your approval of posts on ZH is necessary...or cared about. So, you've had money for many years.... great, you want a medal for joining the club? Why don't you run off and go buy $ long and in size.  

Fri, 03/04/2011 - 17:09 | 1020262 falak pema
falak pema's picture

The transition from 'democracy' a la JFK to totalitarian regime under Clinton/GBW to nowadays has occurred in 30-40 years...It's not long... In an age when institutions are supposed to protect us against this sort of systemic collapse of values. It was the normal time span in the middle ages...for empires to fall...Just shows that the USA was very young and fragile in its framework...It grew to TOP dog in fifty years then fell fast...In such situations... the hare loses to the in the fable...

Fri, 03/04/2011 - 17:09 | 1020263 Gold 36000
Gold 36000's picture

Totalitarian markets always fail in the long term, but perhaps have a temporary advantage.

Misallocations of capital will accumulate in totalitarian markets because price discovery and profit and loss are crucial signals for efficient capital allocation.

Free markets may seem more volatile in the short term just as frequent elections make a democracy look volatile, but we only have to look at Libya to see the false stability of a 41 year dictatorship.  The ultimate volatility there far exceeds the frequent minor volatility a democracy has around elections.

A free market may have more ups and downs in the short term, but will always win out in the long term if fiscal policy is kept in check.


China will ultimately accumulate enough capital misallocations to collapse, but in our case we suffer less from a totalitarian market than from out of control fiscal policy and moral hazard.

Our politicians have bribed the lower classes with promises of money for nothing.  Our politicians have been bribed by the plutocracy to create moral hazard. 

Fri, 03/04/2011 - 17:12 | 1020274 bankruptcylawyer
bankruptcylawyer's picture


Fri, 03/04/2011 - 17:16 | 1020317 Bastiat
Bastiat's picture

I'm sure a number of people who work for that sociopath are reading this. 

Fri, 03/04/2011 - 20:08 | 1020962 Lord Welligton
Lord Welligton's picture

HE is reading it.

What is a sociopath?

Why are they here?

Who created them?

Did they not always exist?

Is not struggle the struggle against them?

Are they not evil?

Have they not existed since the beginning of humanity?

They are a virus.

WE are not.



Fri, 03/04/2011 - 17:16 | 1020320 packman
packman's picture

It's true - "the market" likes totalitarian governments.  Until said systems completely blow up - then the market doesn't like it so much any more; at least the market that's actually in the country that had the totalitarian government.  In fact, it usually just disappears entirely.

- Soviet Union

- Nazi Germany

- Zimbabwe

etc. etc. 

Fri, 03/04/2011 - 17:21 | 1020342 zaknick
zaknick's picture

Juden fetzen, bitches!

Fri, 03/04/2011 - 17:25 | 1020376 par4
par4's picture

Don't forget, Hitler and Mussolini were capitalists.

Fri, 03/04/2011 - 19:34 | 1020853 NotApplicable
NotApplicable's picture

Um.... how about no? Mussolini was a fascist. Meanwhile, other than revenge for the Treaty of Versailles, I'm not sure that Hitler had any view coherent enough to be considered an economic/political system. It was pretty much do as I say, or die.

Kind of hard to be seen as a defender of private property rights when you've obliterated them instead.

Fri, 03/04/2011 - 17:27 | 1020391 Oracle of Kypseli
Oracle of Kypseli's picture

I wonder if he is giving us a hint that totalitarian regime is comimg (Obamatarian?)

Be afraid my friends. Be very afraid. Hide your PM's that you have and buy more.

Fri, 03/04/2011 - 17:30 | 1020401 repo
repo's picture

non religious Jews: very dangerous people.

see Bolsheviks

Fri, 03/04/2011 - 17:35 | 1020434 germanicus
germanicus's picture

 The market ist efficent.... ah ah and you are the master of the universe! The stock exchange is not the market but a kind of "casino" and yes it is totalitarian and the bank always win. By the way: Hitler and Mussolini in 1934 were less totaliarian than the US today!

Fri, 03/04/2011 - 17:37 | 1020444 Yen Cross
Yen Cross's picture

 You people are such nay-sayers! We all know that when Charlie sheens Malibu estate can be had for a #2 lead pencil, USD?CYN-unfloated) the law of inflation/demand will kick in.

Fri, 03/04/2011 - 18:06 | 1020577 mynhair
mynhair's picture

Will cost billions to de-cootie it by then.

Fri, 03/04/2011 - 17:38 | 1020452 Tao Jonesing
Tao Jonesing's picture

It just goes to show you that you can sell totalitarianism if you strategically place the word "free" in front of "markets." 

Welcome to the world Friedman and Hayek sold us.  And it didn't start with Obama.  We've been watching it unfold non-stop since Nixon. 

Fri, 03/04/2011 - 19:39 | 1020871 NotApplicable
NotApplicable's picture

You do know that Hayek's "Road to Serfdom" is a warning against fascism, and not a user's guide, right?

I can see blaming Friedman and his "continual, low inflation is market positive" approach to justifying currency debasement, but Hayek? Really?

Please explain.

Fri, 03/04/2011 - 19:50 | 1020900 Bastiat
Bastiat's picture

2nd that request -- reading Road to Serfdom now.

Sat, 03/05/2011 - 04:33 | 1021631 AnAnonymous
AnAnonymous's picture

Quite easy to understand.


Just like War: road to casualties or Life: road to death. None of these guys ever provided a proof that there was another destination than serfdom to the current system. All they did was to hide the dust under the rust by explaining how the former serfs had not to be included in any analysis.

The US used good old noble system of promotion. And their free is only free once all people who were not free are removed from the analysis.

Too many chiefs, not enough Indians.

Sat, 03/05/2011 - 12:24 | 1021883 snowball777
snowball777's picture

Consider Hayek's work as a treatise against frying pans which glosses over the consequences of escaping same.

The "markets are a magic wand" meme is a tired refrain.

Fri, 03/04/2011 - 17:43 | 1020479 tahoebumsmith
tahoebumsmith's picture

Notice every other word out of his mouth is... priced in? Everything is priced in when you don't have anything real Mr. Fink.

Fri, 03/04/2011 - 17:55 | 1020530 DosZap
DosZap's picture

If Larry thinks Fascism is the Markets friends, then he will really not like this.


Salient points from our buddy Roger.

Fri, 03/04/2011 - 17:58 | 1020555 AlaricBalth
AlaricBalth's picture

Welcome to "Dystopia"!!!

Fri, 03/04/2011 - 18:12 | 1020601 Yen Cross
Yen Cross's picture

Funny! Also known as euphoric and utopian thinking. The current and former Fed chiefs can postulate hair re-growth over these blue moon thoughts! Good work.

Fri, 03/04/2011 - 18:08 | 1020590 AldoHux_IV
AldoHux_IV's picture

This guy makes me sick-- he's basically endorsing Hitler's regime and profiting very much off of it.  Fuck Bernanke and fuck Fink and others that think like him.  These things aren't even human, they're animals that need to be put down.

Fri, 03/04/2011 - 18:18 | 1020605 karzai_luver
karzai_luver's picture

These guys know they are untouchable. this is the bush/saudi/cia band or 1 of them that rapes and kills the world wide.

These are the dudes the "black ops" are for, these are the dudes that cheer the murder of woman and children the world over.

This is what your MIC is for, these are the dudes it makes the world safe for.


How ya like them apples kiddies.


If there were a terror cell worth a damn , i would love to see his head roll at 9pm on Cnn.




Fri, 03/04/2011 - 18:23 | 1020635 haskelslocal
haskelslocal's picture

He said democracies are bad because they're uncertain so America, as a democracy, is bad.... AND.... At about 10:30 into video, if jobs rebound then it will shatter the recovery by causing inflation.

So.... These theives DON'T want higher employment because they DON'T want wages rising because the CAN'T afford higher inflation.



Fri, 03/04/2011 - 18:40 | 1020697 f16hoser
f16hoser's picture

I'm all-in for two-bits. Someone point me towards the nearest US Treasury Bond Auction!


I Know deep-down the US is good for it!



Fri, 03/04/2011 - 19:04 | 1020758 Yen Cross
Yen Cross's picture

It's not worth it my friend. The curve has passed. Buy premium corporates, and solid staple dividend shares. Best wishes.

Fri, 03/04/2011 - 18:51 | 1020723 Coldfire
Coldfire's picture

When Fink says "markets like totalitarianism", with BlackRock managing holding $3 trillion, what he's saying is that he likes totalitarianism. This is the face of the fascism that "couldn't happen here," folks.

Fri, 03/04/2011 - 18:53 | 1020724 I am a Man I am...
I am a Man I am Forty's picture

pension funds are so stupid, why do they give their money to people like this??

Fri, 03/04/2011 - 18:52 | 1020726 I am a Man I am...
I am a Man I am Forty's picture


Fri, 03/04/2011 - 19:32 | 1020838 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Kurt Vonnegut wrote about this a long time ago in "God Bless You, Mr. Rosewater."

"You say what Mr. Trout says you should say," ordered the Senator, "and you look the way you look now, and I don't see how we can lose tomorrow."


"Then I will certainly say what Mr. Trout says I should say, and not change one detail of my make-up. I would appreciate, though, a last run-through of what Mr. Trout says I should say."


"It's so simple," said Trout. His voice was rich and deep.


"You two have been over it so many times," said the Senator.


"Even so," said Eliot, "I'd like to hear it one last time."


"Well --" and Trout rubbed his hands, watched the rubbing, "what you did in Rosewater County was far from insane. It was quite possibly the most important social experiment of our time, for it dealt on a very small scale with a problem whose queasy horrors will eventually be made world-wide by the sophistication of machines. The problem is this: How to love people who have no use?"


In time, almost all men and women will become worthless as producers of goods, food, services, and more machines, as sources of practical ideas in the areas of economics, engineering, and probably medicine, too. So -- if we can't find reasons and methods for treasuring human beings because they are human beings, then we might as well, as has so often been suggested, rub them out."

The novel's opening sentence makes me laugh too.


Fri, 03/04/2011 - 20:06 | 1020954 Sheriff Douchen...
Fri, 03/04/2011 - 20:07 | 1020955 ciao
ciao's picture

For racketeers like Fink "the natural order" is always that of the imperial court.

Fri, 03/04/2011 - 20:07 | 1020959 Bansters-in-my-...
Bansters-in-my- feces's picture

This Fink is a fucking piece of shit that needs mushed up and spread over a field.

Fri, 03/04/2011 - 20:35 | 1021023 Kina
Kina's picture

To Larry Fink human life is a barbaric relic that he wishes can be utterly disposed of. He would no doubt prefer to exachange all human life with programable andriods. Fink is the ultimate cnut. The cnut of cnuts, hitler in a business suit.

Fri, 03/04/2011 - 20:45 | 1021052 vxpatel
vxpatel's picture

The sheeple are the problem. Here is the man running the free markets telling us he likes people enslaved (AND BUYING THINGS to make themselves feel free)...and we keep buying the things they're selling.

All everyone has to do is not buy anything for 3 days! This whole thing would come down.

Fri, 03/04/2011 - 20:51 | 1021063 honestann
honestann's picture


What a massive and intentional liar!

Fri, 03/04/2011 - 20:56 | 1021075 THE DORK OF CORK
THE DORK OF CORK's picture

Its difficult to listen to a tapeworm - especially when they get into ones ear.

Its time for the west to shit these parasites out of the system.

Fri, 03/04/2011 - 21:09 | 1021095 chockl
chockl's picture

Filkingstien cock sucker

Fri, 03/04/2011 - 22:24 | 1021218 CustomersMan
CustomersMan's picture


        The End of Jewish Power and Money Control through the FED, the IMF, the World Bank. They are "The Money Changers" and they have put themselves in the top spot. Are we going to continue to let them run our lives?


         Its no coincidence that since its rise the Jews have risen to the very top of the heap, many among the top 1/100th of 1% in terms of wealth, power, and totalitarian control. Running the most powerfull corporations and infiltrating the mechanisms of governments and controls. Fuck them the world has had more trhan enough.


         That is what this prick is talking about, his and his tribes power to control everyone else's destiny and our MONEY. The end is near, thank God.

Sat, 03/05/2011 - 01:31 | 1021536 dalkrin
dalkrin's picture

These anti-semitic comments keep popping up in threads such as these.  Don't you know the ACLU, ADL, and many other respectable freedom-fighting organizations will call you a bigoted nasty person?  I mean if you start attacking one group of people, who is next? What was the whole point of even fighting WW2 when you want to enact Hitler's vision of a Judenrein world?

If this community is so all-powerful and dominating, don't you think that it could only be because God is in fact on their side?

Sat, 03/05/2011 - 02:54 | 1021587 CustomersMan
CustomersMan's picture


   No I don't agree that God is on their side. When you will stoop to any level, any treachery, any deception, any manipulation, murder, theft, framing others to take the fall for your pre-meditated attacks on others (like the attack on the U.S.S. Liberty) through a gradual systematic plan, over generations, that other groups are not motivated to do, ...would you call that having God on your side. That God looks at that favorably and grants you some sort of power or favors your group. And it is a group.


I don't think so.

Sat, 03/05/2011 - 03:09 | 1021599 CustomersMan
CustomersMan's picture


      And as an illustration, read this: Note what is mentioned about anti-sematism.



Diplomat: I can no longer represent Israel

Ynet News – March 2, 2011

Foreign Ministry earthquake:







‘Don’t blame anti-Semitism’





Fri, 03/04/2011 - 22:46 | 1021257 tony bonn
tony bonn's picture

finkshit was doing more than expressing an observation - he was uttering policy....this is what the plutocratic hitler gerentocracy want....but alas, markets don't like totalitarianism because the people supporting them do not like it....

but the wall street elite who financed hitler - rockefellers, rothschilds, duponts, etc - loved nazi germany....

i would love to see someone ram a speer through the gut of that fucking hitler lover...i'd love to see his family wiped off the face of the earth...

Sat, 03/05/2011 - 00:03 | 1021398 FranSix
FranSix's picture

No surprise that profiteers in the junk bond markets want that their authority stems from a thoroughly commodified market for prices.

Sat, 03/05/2011 - 07:10 | 1021701 barkingbill
barkingbill's picture

this is the scum generation screwing up the world. 

Sat, 03/05/2011 - 08:38 | 1021739 Natasha
Natasha's picture

The banking fraudsters running the place love totalitarian governments. That explains the exponential growth of DHS.

Sat, 03/05/2011 - 10:20 | 1021793 virgilcaine
virgilcaine's picture

Sorry Larry your not getting Democracy in the prepare accordingly.

Sat, 03/05/2011 - 10:38 | 1021807 WallStreetClass...'s picture

Of course our financial markets like totalitarian government. It is easier to make profit in a rigged and manipulated markets, where key decisions are made by the FED and market information remains asymmetrical and opaque. Just like during the fraudulent collateralization heydays, only a small priviledged group of "sytemically important" banks are aware of the fact that the derivatives they produce and market are WORTHLESS. This is no different from a "centrally planned" economy of most totalitarian regimes.

There is way to organize, and hold the banksters accountable. The grass roots efforts already taking hold. At we organize a class action against the banks, the ratings agencies and other financial institutions involved in staging the colossal securitization fraud and subsequently crashing the economy and resulting in over $5 Trillion in asset losses in the US alone.Wall Street monopolistic, essentially rogue financial entities have destroyed the fabric of our society and broke our laws, making a mockery of fiscal prudence, ethics and justice. Even our very government is controlled and manipulated (by being an interdependent collosal trap) by this highly illegal banctel, where bank executive officers "retire" or transition into various government regulatory and controllership positions, futher aiding and abetting the ongoing fraud. And when the overleverages casino style betting and back-hedging finally tipples over and out of control, the losses are effectively socialized, while the injured parties are thrown out on the street.
By having repealed the essential laws and regulations beforehand banks had stepped up the level of their offense to premeditated obstruction of justice and outright conspiracy to wire fraud. Citibank - Travelers “merger” and “Glass-Steagall shattering” alone had cost us the taxpayers $2-3 Trillions in real asset losses. Hedging, backroom betting, trading fraudulently rated derivatives, all to be eventually back-stopped by the Nation’s books, while remaining off their own is an affront to feducuary trust, a mockery of fiscal prudence and ethics. 
WE THE PEOPLE will hold the banksters legally liable. 


Sat, 03/05/2011 - 10:44 | 1021812 Shylockracy
Shylockracy's picture

Very à propos gratuitous video link on fascism:

Thievery Corporation - Richest man in Babylon


May the farce be with you.

Sat, 03/05/2011 - 15:07 | 1022152 milbank
milbank's picture


Sun, 03/06/2011 - 14:58 | 1023852 headless blogger
headless blogger's picture

I want to believe in the positive words of Mr. Durden, that the people will rise up and revolt, but I have not seen any inclination thus far. I keep seeing people lining up at the airport check points to get felt up and watch helplessly while the TSAers do same to their children....All this while we still actually have a choice NOT to go thru the process.

After the Russian revolution the communist state ended up controlling the people for decades......Decades! A prime example of how a few people can actually cage in millions and millions of people. Is it possible they are creating a "captured market" like they did to the Russians, which is how the PTB take out certain segments of competition? Russia was up and coming economic rival to western corporations and "houses" or big controlling families. So they removed it from direct competition, although evidence shows that the big banks of west maintained control over some of the financial systems in u.s.s.r.  Perhaps this is the fate of America?  Are they trying to create a "captured market" here in U.S. or at least do this to the workers?  I don't know how we can fight this with so many differing cultural demographics and with such a vast land mass we live on. Millions still live in rural areas, and can hardly drive to DC for protesting.







Mon, 03/07/2011 - 20:38 | 1028048 lsjcma
lsjcma's picture

