Wall Observer - MtGoxUSD wall movement tracker

[deeplink]

Lol europe is a shambles. Talk of deposit haircuts through the EU. Cant hurt this bull parade.

Really? Where did you find such news? I still have only seen Cyprus mentioned.

Of course Portugal and Spain are now worried, but there is nothing official, as far as I'm aware.

Yes, link plz

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[ineededausername]

[Piper67]

Lol europe is a shambles. Talk of deposit haircuts through the EU. Cant hurt this bull parade.

Really? Where did you find such news? I still have only seen Cyprus mentioned.

Of course Portugal and Spain are now worried, but there is nothing official, as far as I'm aware.

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

[humanitee]

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Holy LOL Batman.

Must feel good to hold Euros right now.

[Piper67]

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Holy LOL Batman.

Must feel good to hold Euros right now.

Yup. We thought we had a bull run, we've seen nothing yet.

[rpietila]

Ok, I understand the principle behind this sort of dump/wall tactic, I think it's pretty silly but I guess it could work at the right moment. But FFS why the hell would you EVER try this on a Tuesday @ 12:00EST right before the big rally of the day is about to start?!

+1.

Last week this 6-hour slot scored +6.7%. Now the same would be about $82.69  

1:28 to go...

[byronbb]

Lol europe is a shambles. Talk of deposit haircuts through the EU. Cant hurt this bull parade.

Really? Where did you find such news? I still have only seen Cyprus mentioned.

Of course Portugal and Spain are now worried, but there is nothing official, as far as I'm aware.

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Rumors really. But central bankers have said as much the last few days then "retract" their statements. Check out zerohedge.com for salacious news and gossip.

[Chalkbot]

Lol europe is a shambles. Talk of deposit haircuts through the EU. Cant hurt this bull parade.

Really? Where did you find such news? I still have only seen Cyprus mentioned.

Of course Portugal and Spain are now worried, but there is nothing official, as far as I'm aware.

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Rumors really. But central bankers have said as much the last few days then "retract" their statements. Check out zerohedge.com for salacious news and gossip.

I've been following this rhetoric. It doesn't need to be official to actually have an effect on the market. The reality is a lot of people, officials, are talking about it, some of them later denying those statements (which adds some validity in my mind) and that alone is enough to make big depositors take it into consideration. Not to mention the fact that this is not the type of thing you "make official" before you need to/or can lock down the funds, so no, you are probably not going to hear an official announcement on the matter before it's "too late" so to speak.

[deeplink]

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Holy LOL Batman.

Must feel good to hold Euros right now.

I don't know what the bankruptcy laws in Europe are, but this seems very sensible to me. If you deposit large sums in a bank that is taking excessive risk, and the bank fails on some level, anything beyond government insured amounts should be part of the available capital used for reconciling the situation.

That is the way it should have been handled all along. Everything that is not insured is your own risk and not mine.

[humanitee]

I've been following this rhetoric. It doesn't need to be official to actually have an effect on the market. The reality is a lot of people, officials, are talking about it, some of them later denying those statements (which adds some validity in my mind) and that alone is enough to make big depositors take it into consideration. Not to mention the fact that this is not the type of thing you "make official" before you need to/or can lock down the funds, so no, you are probably not going to hear an official announcement on the matter before it's "too late" so to speak.

Good thoughts. +1

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Holy LOL Batman.

Must feel good to hold Euros right now.

I don't know what the bankruptcy laws in Europe are, but this seems very sensible to me. If you deposit large sums in a bank that is taking excessive risk, and the bank fails on some level, anything beyond government insured amounts should be part of the available capital used for reconciling the situation.

That is the way it should have been handled all along. Everything that is not insured is your own risk and not mine.

Except the whole financial system is broken as hell.
If banks were ever operating as they should be, I'd totally agree with this sentiment.

[Piper67]

Lol europe is a shambles. Talk of deposit haircuts through the EU. Cant hurt this bull parade.

Really? Where did you find such news? I still have only seen Cyprus mentioned.

Of course Portugal and Spain are now worried, but there is nothing official, as far as I'm aware.

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Rumors really. But central bankers have said as much the last few days then "retract" their statements. Check out zerohedge.com for salacious news and gossip.

I've been following this rhetoric. It doesn't need to be official to actually have an effect on the market. The reality is a lot of people, officials, are talking about it, some of them later denying those statements (which adds some validity in my mind) and that alone is enough to make big depositors take it into consideration. Not to mention the fact that this is not the type of thing you "make official" before you need to/or can lock down the funds, so no, you are probably not going to hear an official announcement on the matter before it's "too late" so to speak.

+1

Capital is about the most cowardly thing in the world. All it needs is the slightest whiff of something being not kosher and it flees like rats from a ship.

[rpietila]

Check this out: http://www.reuters.com/article/2013/03/26/us-eu-savers-idUSBRE92P0NZ20130326

Holy LOL Batman.

Must feel good to hold Euros right now.

I don't know what the bankruptcy laws in Europe are, but this seems very sensible to me. If you deposit large sums in a bank that is taking excessive risk, and the bank fails on some level, anything beyond government insured amounts should be part of the available capital used for reconciling the situation.

That is the way it should have been handled all along. Everything that is not insured is your own risk and not mine.

If banks needed any government insurance umbrella for the people to trust in them, I would drastically lower the threshold.

EUR 100,000 is an insane amount of money to be put in a bank anyway, for most it equals more than a year's consumption. I would derive the risk-free limit as 2 months well-to-do net salary of EUR 4,000 and then some, EUR 10,000 per person MAX. The people have no need for greater bank balances, and the companies that would have this need, can take care of their own business and manage risk efficiently as that's their job. I would exempt companies totally. Also non-residents of the bank's homeland have no share in paying for this, so no insurance for them is necessary.

This coverage should therefore be strictly per person, not per person per bank. One person is entitled to €10,000 government bailout if his bank/s fail/s. If this limit is tapped, it would only replenish by an annual rate of €1,000.

My ideology is that banks do not need protection of any kind, it just leads to more and more moral hazard and keeps people in lull etc. BUT if something is needed, this is the reasonable maximum I would expect as a depositor and demand as a taxpayer.

Oh yes, and the insurance would be tapped only after the bank goes BANKrupt and all others lose out.

[deeplink]

I don't know what the bankruptcy laws in Europe are, but this seems very sensible to me. If you deposit large sums in a bank that is taking excessive risk, and the bank fails on some level, anything beyond government insured amounts should be part of the available capital used for reconciling the situation.

That is the way it should have been handled all along. Everything that is not insured is your own risk and not mine.

Except the whole financial system is broken as hell.
If banks were ever operating as they should be, I'd totally agree with this sentiment.

Agree that's the bigger issue here. But don't get me started because I will take it further, much further  

The whole financial system which is being perpetuated by the existing political system if fucked up beyond repair. For libertarians and anarchists this doesn't come as a surprise I guess. Which is the reason most are here in the first place. At least finally something good may come out of this. This collapse is just what you get if you allow the current banking and monetary system to exist while supporting politicians that use it to steal through taxation, debt and inflation. If you voted, you have agreed to play a game in which the ultimately elected politicians get to make the decisions for you. If you voted, in reality you are an accomplice to this mess and only have yourself to blame if you get hurt.

[deeplink]

My ideology is that banks do not need protection of any kind, it just leads to more and more moral hazard and keeps people in lull etc. BUT if something is needed, this is the reasonable maximum I would expect as a depositor and demand as a taxpayer.

At least no forced protection through taxation. Force imo is always immoral unless it is used to protect ones life or property. If someone wants to voluntarily insure his bank balance, be my guest.

[fabrizziop]

This thread went over the 800 pages resistance, so I'm bullish about the post count, we will get to 1000 pages at least.

[molecular]

My ideology is that banks do not need protection of any kind, it just leads to more and more moral hazard and keeps people in lull etc. BUT if something is needed, this is the reasonable maximum I would expect as a depositor and demand as a taxpayer.

Hey man, you should make the decisions around this place.

Rpietila for King of Europe!

[molecular]

This thread went over the 800 pages resistance, so I'm bullish about the post count, we will get to 1000 pages at least.

Well fuck that! I'm not adding any more posts to this. Talk about overextended! I'm also deleting all my posts from this thread. Eat THIS, post-bulls!

[rpietila]

My ideology is that banks do not need protection of any kind, it just leads to more and more moral hazard and keeps people in lull etc. BUT if something is needed, this is the reasonable maximum I would expect as a depositor and demand as a taxpayer.

Hey man, you should make the decisions around this place.

Rpietila for King of Europe!

The Wise and Benevolent Leader, (who already accounts for 37% of Bitstamp trading volume). LOL

[samson]

The wall may be gone but it looks like someone's still trying hard to keep the price down.

[fcmatt]

with all the talk about europe, cyprus, euro, etc.. why is gold down 8-10 bucks?
that really seems odd to me. almost like the market has decided cyprus does not matter.