I brought this over from here:
http://conservativecave.com/index.php?topic=96210.0For what its worth here is the code that shows up when using the insert image button.
<img><URL=http://s766.photobucket.com/user/barksjn/media/Schefflera_zps4b58ab08.jpg.html><IMG>
http://i766.photobucket.com/albums/xx308/barksjn/Schefflera_zps4b58ab08.jpg</IMG></URL>
Replace this < or this > with the applicable bracket.
The process I was using was...
1. left click on the photobucket image link to copy.
2. Click the insert image button, which presented me with <img>(cursor)</img>
3. ctrl v presented me with the above code.
Resolution:
1. Edit post.
2. Left click photobucket image option to copy.
3. Highlight the code produced by the img button and paste what was copied from photobucket.