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JPM is being a little b*tch.
huh? elaborate?
now was this from another teller, or someone higher up, like a loan officer?
Hahahaha
But it looks like BCS is up 4% today. Better start shorting everyone! We've got an "insider" here at WSO.
from your mom.
hahaha, b2 is still perpetuating the myth that he works at a bank, 10/10 for effort!
b2 getting clowned on like the fucking dog that he is.
"Your mom." That's the rebuttal you give? What are you, six years old? Let your balls drop first before you start talking shit, son.
I seriously cannot understand the vendetta this guy has for Lehman and everything associated with Lehman.
He is still bitter they didn't hire him for Ops out of Rutgers. I think the reality that most BBs don't like kids coming from mediocre state schools with a 3.17 GPA and one semester on the Dean's List hit him a little harder than he expected...and now he is stuck filling out our deposit slips at WaMu.
People shouldn't get so upset about his comments. Look at it this way, WSO is his way of maintaining some sort of importance in life, similar to this:
Haha I'm thinking something like this as well...
http://www.youtube.com/watch?v=Ok_K7BmJvj8
posting this kind of stuff could get you fined and disciplined by the FSA/SEC, and get the site into trouble.
It's one thing to write about possible layoffs that you've heard. It's a whole other kettle of fish to suggest a financial institution is insolvent - I'm sure you remember the penalties from your compliance training?
this summer b2 said he was an intern, now he works at a bank. i bet he is in high school.
He also stated at some point this summer that he had been working "in banking" for 7 months and with 4 different institutions.
Had it not been for this morning's action I wouldn't have discounted the possibility. Barclays is one of the banks with the worst Tier 1's out there and they've displayed a Lehman-like aversion to disclosing what's on their books. BarCap has been significantly bulked up in the past two years, but I have no idea how flexible their financing is/was. Nevertheless, I very much doubt any large bank in Europe will be contemplating extinction any time soon given this morning's news.
I figured he would already be on here bashing us all and claiming he scored a 900 on his GMAT and his pinky finger alone is 30x as smart as all of us...but he is probably too busy trying to figure out what a L/S equity hedge fund is: //www.wallstreetoasis.com/forums/good-buy-side-forums-similar-to-wso
mnabanker 2, b2 0
Haha, idiots still can't comprehend that I'm in a different time zone... so dumb, lolololol.........
wait til the news becomes public, then you'll all end up with egg all over your face... lmao!
college kids thinking that they know more than me... pffft!
for anyone who doubts I work in banking, post/PM your JPM SID or GS EID... since I'm not in banking, it shouldn't hurt right? I've posted this challenge many times to peopel who claim to work for these banks, and, unsurprisingly, they chicken sh*tted out! hahahahahaahhaha...
Endgame, true enough, but that could be said as speculation, not something that could be misunderstood for material fact.
Usually, I do not agree with feeding trolls, but I have to give in this time. b2, I want you to understand that you are wrong in posting what what you said in your original post. Time zone or not, you are, in effect, proving once again that you are faking the funk, so to speak. John Mack pointed out something that even a self-serving troll claiming to be in IBD should know, you don't reveal material information until it's no longer material or is being released to the public by the issuing company (such as your little claim above) due to REG FD. It's the first rule of client confidentiality. The fact that you overheard it an elevator doesn't make it right to spread as a rumor either, as, given that you heard it in the elevator, becomes clear that someone where you "claim" to work is dealing with this issue. Honestly, if you were working for me and I found out about that, I would shitcan you on the spot for it. You've broken compliance rules and god forbid an SRO or Gov't Agency sees that. You would've just nailed yourself a one way ticket to attempt to influence the price of BCS.
Seeing as I deal with compliance people all the time, trust me when I say they are not fun when it comes to this. Oh, b2, given that you leaked this, I'm quite certain that you are not a media point of contact, and trust me, they are not happy when you go around them. I know of one IBanker that went around his Media Point of Contact to the press and the Media POC had a field day with his ass. Don't mess with your Corp. Comm. people, they make things nice with the media.
And your challenge, why don't you take the lead and 1) certify yourself and 2) post your EID Number, work email and direct telephone extension as a way to prove how gangsta you are.
Careful, the SEC is always looking to nail rumor-mongers
I've been on record as saying Barclays is a ticking time bomb. You don't need material insider information to figure that out.
There's a reason Paulson & Co. is shorting them.
Wingman, there's still a difference. You're looking like this as an investor. The OP is not. As an investor, you, Joe Six-Pack from Wasilla, Alaska or David Einhorn could get on TV and say I did my research and I believe that XYZ is going to go up or down because you do not have access to anything besides what has been already published to sway your opinion of a company and how you invest in it. Saying Barclay's is a ticking Time Bomb doesn't read like the same way as saying that they are bankrupt. That's your difference. By announcing that something is clearly up (such as the OP did), and that has not had any verifiable credit to the source, you can argue that it is a potential Reg FD violation, as he has overheard something that may not be available to everyone or something that is still pending a news release by the company.
I too have held the same view on Barclays for some time based upon my own analysis of its assets, the writedowns taken, and the leverage employed. This is analysis though and not the same as the propagation of a rumour.
While I disagree with short-selling bans in general, I do agree that banks need to be treated differently as their ability to do business is predicated more on the health of their share price than for other industries.
This summary shows what the FSA did in its investigation of HBOS. http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/086.shtml Note in particular; "We also looked at message boards and reconstructed global press coverage of HBOS during the relevant period."
Not everyone on this forum would be considered to be an expert or have insider information but clearly some are - and some may be involved in transactions directly related to the credit crisis.
I have no reason to believe either way whether b2 does work for a bank but it is what he asserts and a lay person would have reasonable grounds to rely on the statement.
Whatever you may think of the credibility of this forum, it is clearly industry-focussed and comments here would be treated the same as if someone posted on the rejection of a drug by the FDA on a pharmaceuticals forum.
b2, are you not going to respond to Fried's challenge? Or could you not read that far into the post because your teacher closed your laptop there in 9th grade english class?
lol b2 is a fucking clown.
now he chicken the fkkk out, lol
he won't respond to these people calling him out on here, but he will show up in another post next week talking the same shit.
if you're going to challenge people to claim/prove what bank they work for, then you lead the way buddy.
HAHAHAHAHAHA..... you guys are retarded... people are claiming that I don't work at one of those banks; thus, they should have nothing to lose by PM'ing me that info since I wouldn't be able to do anything with it. Why the f would I post my info? I already know that I'm a balla; these idiots are trying to prove that I'm not!! Logic 101, I guess this is why I scored higher than 99.8% of all of you on the LSAT!!!!!! HAHAHHAHahhahahhahahaa, wow, you guys are dumb.
Also, there is no MNPI in my post, so there's absolutely nothing wrong with it!
Saying that you overheard that a bank is bankrupt is most certainly material, non-public information. Maybe in Hong Kong you won't be pursued, but that doesn't change the fact that even if this was true, you shouldn't be saying it.
lsat...what a loser...
lol ok there balla. You got owned left and right in this thread.
I took a massive shit this morning, glanced down before I flushed, and the giant turd looked like b2.
Just sayin.
Hahaha, b2 is getting absolutely DEMOLISHED in this thread.
Internet 101 is that when you're reduced to "bragging" about scoring better than the rest of the planet on your LSATs and the like, then you've lost.
But hey, I've been looking to open a checking account at Chase. Think you can pull some strings and get me some added perks? I hear tellers have a lot of clout these days.
b2, if you'd just get certified, you could shut everyone up.
Until then, from the rest of us that actually do work in finance - shut up, you're making us look bad.
once again that sad fucking wannabe got owned! kiddie game is down the street! guess we know what his name stands for: bitch times 2.
GOOD LUCK IN THE SPRING, FITZWATER!!!!!!
this was my reaction to all of b2's posts
http://img214.imageshack.us/img214/1382/facepalm2ly3.jpg
that pic is awesome.
Anyone hates b2 enough:
http://www.sec.gov/complaint.shtml
Good luck, buddy...
i have a feeling there are a few people on here willing to roast this guy to the SEC if only to cause him a headache. b2 is a compelte douche. let me know what day they have visiting hours at the federal pound me in the ass prison buddy
Done. Took a couple minutes outta my day to send an email, but well worth it. Let me know how it goes bud. I'm rooting for you b2!
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