High Frequency Terrorism: A Day That Will Live in Infamy [UPDATED]

Posted on May 10, 2010 by stacyherbert| 106 Comments

Stacy Summary:  Lest we forget about last week’s news . . .

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106 Responses to High Frequency Terrorism: A Day That Will Live in Infamy [UPDATED]

  1. frances snoot | May 11, 2010 at 12:14 pm |

    Equity volitility is a result of Basel regulations according to this man:
    Dr Hugo Bänziger is chief risk officer at Deutsche Bank and a member of its management board and executive committee

    “In aggregate, the proposed measures will increase market volatility during a crisis with a significant impact on the fair value of assets. Shocks that had previously affected banks to different degrees will in future prompt every bank to raise equity and term debt at the same time, or massively cut their balance sheets. With such perfect synchronicity and no room for banks to exercise judgment, it is well imaginable that the next financial crisis would be even more severe than that of the past few years…

    New robust regulation is essential for financial stability, but we must ensure we have addressed past issues. Credit ratings could be made less volatile by using stress values or a five-year time horizon; term-financing requirements should be decoupled from credit ratings; liquidity buffers should be accessible when needed; and formation of alternative capital instruments should be encouraged by sensible standards.”

    http://www.ft.com/cms/s/0/c2063618-5193-11df-bed9-00144feab49a.html

  2. Colmart4 | May 10, 2010 at 8:51 pm |

    Shades of Franklyn D !!!

  3. norcalkid | May 10, 2010 at 8:01 pm |

    Great minds and all that…

    http://jessescrossroadscafe.blogspot.com/2010/05/goldman-sachs-overreach-hubris-and.html

    “The hubris associated with the trading crowd is peaking, and heading for a fall that could be a terrific surprise. It seems to be reaching a peak, trading now in a kind of triumphant euphoria after the European capitulation and the recent equity market volatility.”

  4. norcalkid | May 10, 2010 at 7:52 pm |

    “The best-laid schemes o’ mice an ‘men
    Gang aft agley…”(Robert Burns: To A Mouse, 1785)

    I keep wondering when the gods of fate will catch up with the Banksters:

    hubris [ˈhjuːbrɪs], hybris
    n
    1. pride or arrogance
    2. (Literary & Literary Critical Terms) (in Greek tragedy) an excess of ambition, pride, etc., ultimately causing the transgressor’s ruin
    [from Greek]

  5. FiatMentalist | May 10, 2010 at 6:15 pm |

    Just in time for the default and devaluation fireworks

  6. FiatMentalist | May 10, 2010 at 6:15 pm |

    Brown Resigns…..In SEPTEMBER

  8. dan valley | May 10, 2010 at 5:05 pm |

    Mr. Rickards sayz…CNBC today http://bit.ly/9oJFMZ. “Goldman can create shorts faster than Europe can print money.”

  9. frances snoot | May 10, 2010 at 4:59 pm |

    Texan…. Pshaw Im Lithuanian.

    Sorry, DannyV. I think the announcer was rather ‘amped up’.

  10. dan valley | May 10, 2010 at 4:59 pm |

    Pugach anyone?…How about some halupkies

  11. Fibon11235 | May 10, 2010 at 4:57 pm |

    @ Phil hope your doing ok?
    No one spears to read anything ….. lol

  12. frances snoot | May 10, 2010 at 4:56 pm |

    http://www.savvyredhead.com/img/trophy.jpg

    Awarded Stacy for highly distinguished patience.

  13. dan valley | May 10, 2010 at 4:55 pm |

    Texan…. Pshaw Im Lithuanian.

  14. frances snoot | May 10, 2010 at 4:51 pm |

    DING DING DING

    Look’s like we have two bell-ringers, folks. In the left corner is DanV. Registered Patriot and former Texan with a mean right-armed jab.

    And in the left. Don’t let looks fool you, folks. Mother of God it’s one one-hundred-something-or-other full-throttle European fighting machine. I mean: if you want climate change you got it.

    Oh, boy! What a fight! And don’t be fooled by DanV’s evasive tactics. He’ll come on strong in the fourth if Mother Earth don’t rain down those hard-armed hammer shots. Seems Mother’s been a bit meek lately, but he’s only been CONSERVING.

    What a fight. What a fight.

  16. Mother Earth | May 10, 2010 at 4:46 pm |

    @dan

    Damn, I mised your post..

  18. Ken Lay and Bernie Madoff from South America | May 10, 2010 at 4:31 pm |

    Just the mere mention of “High Frequency Trading” makes out bodies feel so GOOD … it brings tears of JOY to our eyes … http://www.youtube.com/watch?v=TCeD_6Y3GQc

  19. FiatMentalist | May 10, 2010 at 4:29 pm |

    Lets blame an ISIM

  20. Mother Earth | May 10, 2010 at 4:28 pm |

    Medvedev interview, pretty interesting subjects.. http://www.youtube.com/watch?v=gw6BweaW-L0

  21. dan valley | May 10, 2010 at 4:28 pm |

    @frances snoot you can ring my bell….

    http://www.youtube.com/watch?v=I0PamtXZO70

  23. frances snoot | May 10, 2010 at 4:06 pm |

    Everything seems to be ‘amped’ these days, from the journalism to the actions of the politicos. But then, amped is not a word one would use to indication action based on genuine reflection or solid data, but of a reactionary form of emotive appeal reminiscent of revolutionary propoganda.

    And who foments revolutions? Well, the royals. At least in the past….

  24. Fibon11235 | May 10, 2010 at 4:04 pm |

    I think iv said enough !!
    See you one day, on the other side of the curtain, some time soon..
    LMAO

  26. Fibon11235 | May 10, 2010 at 4:00 pm |

    @ Max and Stacy this is worth Reading,, this secret…but is it TRUE??
    Were all saved if it is, the debts really don’t matter, even the politicians can save themselves.

    Its all in here must Read FOFOA explains….
    http://fofoa.blogspot.com/search?updated-min=2010-01-01T00%3A00%3A00-08%3A00&updated-max=2011-01-01T00%3A00%3A00-08%3A00&max-results=20

  27. frances snoot | May 10, 2010 at 3:59 pm |

    “If you think the massive sudden drop happened because one lowly trader hit one wrong button, if you actually believe that the entire stock market can plunge because of one mistaken key stroke by a low level trader, you are stunningly naïve. I hate to burst your bubble, but this was a direct attack.”

    With such riveting reporting skills, it’s a shame that his essay is completely lacking in any correlative data other than ribald and ridiculous speculations.

  28. Bonn | May 10, 2010 at 3:56 pm |

    Wheres ta Kenyan Boy Obama
    Oops his CamPAIN was funded by Goldman Sachs
    Errrrrrrrr Emmmmmm
    toodley toot
    Hic ;-)

  29. Dan | May 10, 2010 at 3:54 pm |

    so a 9% drop is a technical error but an 8% rise is just normal…

    CAC 40 3,670.36 +277.77 +8.19%

  30. Bonn | May 10, 2010 at 3:53 pm |

    100 mill a day on 35 tradin days by not producin any Goods/services
    F@@#$$$*@^@*@&
    Wheres the SEC ????
    Oh tas headed by Ex – Goldman Sachs Employee
    Where s ta US Fed
    Oh tas headed by Ex – Goldman Sachs Employee

    Hmmm Errrrrr
    Tooodley toot
    Hic ;-)

  31. Hawkeye | May 10, 2010 at 3:47 pm |

    @Frans

    Now I wonder what the figures for GS look like on Friday 7th May!

    Will it take another 3 months to find this out??

  32. dan valley | May 10, 2010 at 3:47 pm |

    Hey Hawkeye coal is trees…and hes not saying it gets replaced as fast as it gets used.

  33. FiatMentalist | May 10, 2010 at 3:47 pm |

    Machette goes all reality

    http://www.liveleak.com/view?i=cbd_1273354744

  34. Bonn | May 10, 2010 at 3:45 pm |

    Got ta Bloomberg article
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aHRgsfzJINXw&pos=6
    Goldman Sachs Has First Quarter With No Trading Loss (Update1)

    May 10 (Bloomberg) — Goldman Sachs Group Inc.’s traders made money every single day of the first quarter, a feat the firm has never accomplished before.

    Daily trading net revenue was $25 million or higher in all of the first quarter’s 63 trading days, New York-based Goldman Sachs reported in a filing with the U.S. Securities and Exchange Commission today. The firm reaped more than $100 million on 35 of the days, or more than half the time.

    F@##&$^$*##*(@&@^@*@&#
    lololololololol
    Everyone @ tis site is gonna get pissed off Esp. Max
    Rofl
    Hic ;-)

  35. Bonn | May 10, 2010 at 3:41 pm |

    @ Frans H/ T
    Sure Stacy Cummon tis Goldman Sachs didnt go negative last Quarter ??????
    @&@&$^%&%(@&*$&$$*T&@^@^@%#$#&$(%%(
    Off wit tear heads
    In the quarter ended March 31, Goldman made money on every single trading day. The firm did not record a loss of even $0.01 on even one day in the last quarter. That’s 63 days profitable out of 63 trading days.

    Will need to freakin get tis confirmed toe
    Hic ;-)

  36. Hawkeye | May 10, 2010 at 3:40 pm |

    @ dan valley

    Yeah, and money grows on trees too!

    If the abiotic oil theory were true then:

    1) What makes you think that it will get replaced as fast (or faster) than we can extract it? If it takes nearly a hundred years to get 1 year’s extraction volume it ain’t a flyer.
    2) Why is the oil industry pumping oil out in the Gulf of Mexico and encouraging the state to invade Iraq / Iran to get their hands on Arab oil when there’s the home grown stuff on tap?
    3) What do think did happen to the billions / trillions of lifeforms (plant or animal) that existed on our planet for the last few billion years? Did all that decomposed biomass just get swept out to sea? (I got a sneaky suspicion that they were made up of wierd chemically stuff like hydrogen and carbon, oh, what’s the name of that stuff, yeah that’s it, HYDROCARBONS!)

    You’ll be telling us that coal grows on trees next ;-)

  37. Frans | May 10, 2010 at 3:31 pm |

    #@(${)@#U%)( U@#%_#(@IU%
    THIS IS 100% PROOF: TIME TO ROOT OUT Goldman Sachs

    http://www.zerohedge.com/article/unfuckingbelievable-goldman-has-zero-trading-loss-days-last-quarter

  38. Frans | May 10, 2010 at 3:26 pm |

    FUCKING GOLDMAN SACHS!
    This is the time to start to compose a list of people that deserve grave punishing when the time of reckoning comes.
    LET THEM ROT IN HELL!!

  39. Bonn | May 10, 2010 at 3:20 pm |

    @ Dedo
    This made me chuckle,..thought I’d share it !
    It’s not funny ha ha
    Tooo funny loololololololol
    ROFL
    and you aint even Off topic Tis thread does mention High Freq. terrorism
    Hic ;-)

  40. GGees | May 10, 2010 at 3:15 pm |

    Ok back to the more mundane lol

    NEW YORK, May 10 (Reuters) – Fannie Mae (FNM.N), the largest U.S. residential mortgage provider, on Monday reported a net loss of $13.1 billion in the first quarter and said it tapped the Treasury for additional aid of $15.3 billion.

  41. dan valley | May 10, 2010 at 3:15 pm |

    Friend from US geological Dept. just bestowed this pearl ….did you know that the first oil wells in the world were drilled in Pennsylvannia….and it was the oil producing capital of the world….from 1840s to 1930s…until they dryed up. ….. since then they have all naturally be refilled…and they have discovered that oil is not a fossile fuel but a naturally occuring by product of geological activity…interesting no?

  42. FranSix | May 10, 2010 at 3:13 pm |

    @gold/silver – platinum/palladium

    These metals trade differently because of very different lease rates. platinum/palladium were never monetised.

    http://www.kitco.com/market/LFrate.html

  44. FranSix | May 10, 2010 at 3:10 pm |

    @gold + silver/platinum – palladium

    Lease rates are very different on these metals.

    http://www.kitco.com/market/LFrate.html

  45. GGees | May 10, 2010 at 3:09 pm |

    At least the drug company warns you that your viagra fun may end in an erection that last four hours and you going blind while your looking for relief. The least these politicians could do is tell us that these bailouts will result in the tax man pulling wazoo’s of deflated fiat currencies out our butt while they wisper sweet nothings in our ears.

  46. V | May 10, 2010 at 3:08 pm |

    Rule 48 Invoked (May 10, 2010 – BW/Bloomberg)

    The New York Stock Exchange and NYSE Amex cash platforms invoked a rule today designed to smooth the opening of stocks when futures and overseas markets suggest high levels of price volatility.

    Full article:

    http://www.businessweek.com/news/2010-05-10/nyse-invokes-rule-48-to-suspend-price-indications-before-open.html

  47. Dedo | May 10, 2010 at 2:56 pm |

    This made me chuckle,..thought I’d share it !
    It’s not funny ha ha,..just funny with a shake of the head,..know what I mean,..huh
    http://www.brasschecktv.com/page/841.html

  48. Bonn | May 10, 2010 at 2:50 pm |

    Youve been had @ yer history classes
    http://tinyurl.com/37ccysh
    Hic ;-)

  49. Mother Earth | May 10, 2010 at 2:49 pm |

    Ridle me this..Why do Gold and Silver move opposite to Platinum and Palladium?

  50. Bonn | May 10, 2010 at 2:45 pm |

    @ zaphodity
    Tas not Entirely True
    They did know what was gonna happen
    Wink Wink
    Hic ;-)
    Yer been mis- lead mate http://www.abovetopsecret.com/forum/thread568334/pg1

  52. zaphodity | May 10, 2010 at 2:31 pm |

    Did you know Bonn, when they tested the first abomb they didn’t have a clue what would happen, they theorized something would, but not exactly what.

  53. zaphodity | May 10, 2010 at 2:25 pm |

    GUESS I PICKED THE WRONG DAY TO QUIT SNIFFING GLUE !

  54. zaphodity | May 10, 2010 at 2:24 pm |

    …Last time I bet on religious stock I later found out there was no Santa Claus…OOOPS ..Sorry folks, should have put a spoiler in there somewhere.

  55. zaphodity | May 10, 2010 at 2:22 pm |

    @ Z
    tas a copy from tis dude notice he Quotes Hindu Scripture ta Bhagwad Gita
    WTF is Atomic Age – J. Robert Oppenheimer Quote
    http://www.youtube.com/watch?v=n8H7Jibx-c0
    Hic

    Hindu script’s been a bit popular for awhile now bonn me old son, wouldn’t put any money on it.

  56. Bonn | May 10, 2010 at 2:19 pm |

    Why is he quoting the Bhagwad Gita ??????

  57. chalcedonite | May 10, 2010 at 2:18 pm |

    In 787 Charlemagne established a new system of currency, higher standard. England’s King Offa adopted this system. It was so sound that it was continued to be used until it was dropped by the United Kingdom in 1971.

    http://books.google.de/books?id=bQlJP9O9hKkC&lpg=PA97&ots=Rifs9N_c1b&dq=John%20J.%20Butt%20charlemagne%20mint&hl=en&pg=PA99#v=onepage&q&f=false

  58. Bonn | May 10, 2010 at 2:17 pm |

    @ Z
    tas a copy from tis dude notice he Quotes Hindu Scripture ta Bhagwad Gita
    WTF is Atomic Age – J. Robert Oppenheimer Quote
    http://www.youtube.com/watch?v=n8H7Jibx-c0
    Hic ;-)

  59. zaphodity | May 10, 2010 at 2:14 pm |

    …..Or the finance department at Skynet anyways.

  60. zaphodity | May 10, 2010 at 2:11 pm |

    HFT

    ‘If the radiance of a thousand suns were to burst at once into the sky, that would be like the splendor of the mighty one. Now I am become Death, the destroyer of worlds.’

    -Max Keiser

    Giggle snort……

  61. Bonn | May 10, 2010 at 2:09 pm |

    I mean All ya hafta do is embedd a small program on Goldman Sach computer and use its own Computing power and Voila
    Kabooooooooom
    Write ta program in chinese or Russian so in ta International Courts the Jury will have no freakin Clue what ta Hacker is talkin about if he gets caught tat is
    Hic ;-)

  62. Mother Earth | May 10, 2010 at 2:04 pm |

    Lyndon LaRouche appeals to people that had very serious fathers who never listened to them..

  63. zaphodity | May 10, 2010 at 2:01 pm |

    “I LOVE NEW YORK IN JUNEEEE..HOW BOUT YOUUU” ?

    Robin Williams – Fisherking

    Come visit sometime, we’ll rummage !

  65. zaphodity | May 10, 2010 at 1:58 pm |

    I saw that show you did awhile ago, the one where you tracked down that C.I.A. spook and he wasn’t home XD Did you get any “funny phone calls” after that gig mate or what ? lol

  66. zaphodity | May 10, 2010 at 1:57 pm |

    Hey there Maxi, hows it goin’ mate ?

  68. Mongo | May 10, 2010 at 1:55 pm |

    TJ, hey.. we already know what the Fed is up to so dont wait until 9pm

  69. zaphodity | May 10, 2010 at 1:55 pm |

    @dan valley

    Love that clubbed to death tune. You seen the original music video ? VERY appropriate ! lol

  70. maxkeiser | May 10, 2010 at 1:54 pm |

    Market Rally = Time to Refill the Pinata

  71. dan valley | May 10, 2010 at 1:53 pm |

    Lets have a big round of applause for warren buffett and the power elite cheerleaders ( cnbc fox bloomberg etc. )

  73. zaphodity | May 10, 2010 at 1:52 pm |

    If the damn thing is on the inter-web-nets, uses a web based application and isn’t stand alone it’s balls are swingin’ in the breeze.

    Pardon my French ladies.

  74. dan valley | May 10, 2010 at 1:50 pm |

    Lyndon LaRouche explains start of WW III

    http://www.youtube.com/watch?v=gbuoH1g_jYw&feature=related

  75. zaphodity | May 10, 2010 at 1:50 pm |

    All mechanical devices can fail. I’m sure once some 12 year old kid on Xbox Live wipes out the stockmarket using an algorythm he knocked up from a Modern Warfare 2 killstreak mod the powers that be might change the rules. Afterall, Gary Mckinnon hacked the pentagon with a 56k modem and home PC.

  76. R. Cain | May 10, 2010 at 1:45 pm |

    HFT
    Direct Edge ECN set to become 4th U.S. stock exchange

    ‘Gaining exchange status will also add to the speed of trading on its systems because Direct Edge will no longer have to go through a stock exchange to quote the bid and ask prices on a trade.

    ‘Direct Edge, the third largest U.S. equities trading venue in terms of overall volume, competes with three other U.S. equities exchange operators, New York Stock Exchange parent NYSE Euronext (NYX.N), Nasdaq Stock Market parent Nasdaq OMX (NDAQ.O) and BATS Exchange, which is privately owned.’

    ** NOTE **

    ‘Direct Edge, which is owned by Goldman Sachs Group Inc (GS.N), JPMorgan Chase & Co (JPM.N), Knight Capital Group Inc (NITE.O), hedge fund Citadel and the International Securities Exchange, an options market owned by Deutsche Boerse’s (DB1Gn.DE) Eurex.’

    http://www.reuters.com/article/idUSTRE62B4LE20100312

    http://www.directedge.com/AboutDirectEdge/FAQ.aspx

  77. zaphodity | May 10, 2010 at 1:44 pm |

    It’s vunerable

  78. zaphodity | May 10, 2010 at 1:44 pm |

    I am Surprised tat no Hacker from China/Russia has attacked the HFT Servers or super computers
    Wat tey waitin fer ??????
    Hic

    Thats what I was thinking Bonn

  79. mike | May 10, 2010 at 1:40 pm |

    Interesting (among the mundane) Davos Economic Discussion
    http://www.youtube.com/watch?v=VLV2Oh02fL0&feature=related

  80. TJ | May 10, 2010 at 1:39 pm |

    The other day, someone gave me supposedly inside information. By 9PM GMT, I expect to find out if he was fibbing or what. Don’t want to go into the gory details but it’s about the big banks putting yet another stranglehold on the gold market. Maybe Mike/Liverpool will get his wish after all ;-)

  81. Bonn | May 10, 2010 at 1:36 pm |

    Crap just finding out ta uses of GOLD from my own link
    lolololololollol
    ROFL
    Hic ;-)

  82. zaphodity | May 10, 2010 at 1:34 pm |

    Good article, check this one out. Kinda adds insult to injury.

    http://law.rightpundits.com/?p=1588

    http://imgur.com/WJCZ5.jpg

  83. dan valley | May 10, 2010 at 1:32 pm |

    rickards sayz….More concerned if EU succeeds than if they fail. Creates austerity deflation machine.

  84. dan valley | May 10, 2010 at 1:29 pm |

    Lyndon LaRouche was right about the financial collapse!

    http://www.youtube.com/watch?v=MdEh-7NPn-Y&feature=related

  85. Bonn | May 10, 2010 at 1:19 pm |

    I am Surprised tat no Hacker from China/Russia has attacked the HFT Servers or super computers
    Wat tey waitin fer ??????
    Hic ;-)

  86. Mongo | May 10, 2010 at 1:08 pm |

    @Stacy, I really do hope you are right

  87. zaphodity | May 10, 2010 at 1:03 pm |

    When Max sold the rights to his market program I hope he wasn’t frugal with the use of zero’s

  88. stacyherbert | May 10, 2010 at 1:00 pm |

    Mongo – I will allow Robert Burns to answer that question:

    The best laid schemes of mice and men
    Go often askew,
    And leave us nothing but grief and pain,
    For promised joy!

  89. Mongo | May 10, 2010 at 12:58 pm |

    @Stacy, do you think they will contain this controlled demolition or will it spin out of control?

  90. Lloyd | May 10, 2010 at 12:56 pm |

    It’s convenient that the Dow burp happened while DC’s talking about ‘reforming’ the financial industry. You don’t suppose that the people whose lobbyists wrote the bill had anything to do with what happened last Thursday?

  91. stacyherbert | May 10, 2010 at 12:54 pm |

    @in2dwww – yes, it’s a controlled demolition; so it isn’t just one currency or one economy, but all and so they are taking turns deflating and they are relying on highly emotional nationalism and patriotism to provide the losers that will make them the winners from the collapse; trillions of new debt has been added in the past 7 days alone, if you care about your own future, I wouldn’t stay emotionally attached to any one artificial metric (whether it is a currency or a share price) constructed by any of the parties involved; imo

  92. Mongo | May 10, 2010 at 12:54 pm |

    But if this is soooooo planned, I still get the impression the Fed and their banksters are fully in control of the coming currency crisis. Then they MUST have a plan for the gold and silver in the aftermath of whatever financial apocalypse we may see

  93. in2dwww | May 10, 2010 at 12:49 pm |

    We NEED a crash – AND IT’S COMING! But if it’s a controlled demolition, there will be maintenance in the overvalued and inflated prices – which will be unfortunate.

  94. The Telecrap Urinal | May 10, 2010 at 12:49 pm |

    oops wrong icon – me bad X 2

  95. The Telecrap Urinal | May 10, 2010 at 12:48 pm |

    oops wrong icon – me bad

  96. NicAbbo77 | May 10, 2010 at 12:44 pm |

    @Mike/Liverpool gold is holding steady, waiting for its friend silver to catch up

    :-)

  97. Bonn | May 10, 2010 at 12:41 pm |

    @ Z
    I live in Bagalore India
    Hic ;-)

  98. zaphodity | May 10, 2010 at 12:41 pm |

    @Mongo

    It’s cool man, it’s evolution BABYYYYY

  99. Bonn | May 10, 2010 at 12:40 pm |

    Kali Yuga
    Kali Yuga (Devanāgarī: कलियुग [kəli juɡə], lit. “age of (the male demon) Kali”, or “age of vice”) is the last of the four stages that the world goes through as part of the cycle of yugas described in the Indian scriptures. The other ages are Satya Yuga, Treta Yuga and Dvapara Yuga. According to the Surya Siddhanta, an astronomical treatise that forms the basis of all Hindu and Buddhist calendars, Kali Yuga began at midnight (00:00) on 18 February 3102 BCE [1] in the proleptic Julian calendar, or 23 January 3102 BC in the proleptic Gregorian calendar. This date is also considered by many Hindus to be the day that Krishna died after being mortally wounded by an arrow. Most interpreters of Hindu scriptures believe that earth is currently in Kali Yuga. Some, such as Swami Sri Yukteswar,[2] David Frawley,[3] and Paramhansa Yogananda[4] believe that it is now near the beginning of Dvapara Yuga. The Kali Yuga is traditionally thought to last 432,000 years.
    http://en.wikipedia.org/wiki/Kali_Yuga

  100. zaphodity | May 10, 2010 at 12:39 pm |

    @Bonn bonn

    You in the Eastern states or W.A. ?

  101. Bonn | May 10, 2010 at 12:37 pm |

    @ Mongo
    lolololol
    Tey would’nt allow an Astroid to hit Earth
    Tey could’nt make money on ta way up
    Tey could only make money on ta way down ie Rebuilding every tin
    Tey’d much rather prefer WW3 tas way tey can make money on ta way up and on ta way down
    lololololol
    ROFL
    Hic ;-)

  102. Mongo | May 10, 2010 at 12:32 pm |

    Where is that asteroid when you need it to hit earth

  103. The Telecrap Urinal | May 10, 2010 at 12:31 pm |

    So how do you get away with fraud in Canada? Make the fraud so big that cops choose not to investigate it because they can not commit the resources to the investigation.

    Kids in school need to be re-educated. They need to be told that crime does pay when the crime is too big to investigate.

    STORY:

    RCMP and the Calgary police have told the Bank of Montreal they won’t investigate what could be the biggest mortgage fraud in Canadian history, CBC News has learned.

    Both police forces stated last week they were reviewing the voluminous case — more than 35,000 documents — assembled by the bank’s investigators to see if a criminal investigation was warranted.

    But sources have told the CBC that top investigators from both forces recently met with the bank and told it they were not interested in pursuing a criminal investigation.

    In an email Sunday, the bank’s Calgary lawyer, Munaf Mohamed, declined comment.

    The lack of police response does not surprise former RCMP officer Chris Mathers, who said police forces simply can’t tackle alleged frauds of this magnitude.

    Read more: http://www.cbc.ca/canada/calgary/story/2010/05/09/calgary-bmo-mortgage-fraud.html#ixzz0nWdAxQfa

  104. Bonn | May 10, 2010 at 12:25 pm |

    Mike ya really press ta panic button fast
    Its in responce to ta 1 trillion dollar Bailout of EU
    But if it really had an Impact it woulda sent Gold down by 100 $
    not 10 bucks don’t worry mate yer still safe

  105. Mike/Liverpool | May 10, 2010 at 12:13 pm |

    Gold getting killed, £ flying Oh Where is TOB?????
    Mike

  106. HookedOnKoolaid | May 10, 2010 at 12:11 pm |

    High on fiat currency!