Bear Stearns may have perfected the art of the blowup, but hedge funds invented it. Not only that, they gave birth to the very language we use to describe it.
Bailout. Blowup. Collapse. Hedge fund parlance is a ready made goldmine for describing the fate of Bear Stearns.The collapse of Long Term Capital Management prompted a Wall Street bailout; Amaranth became the largest-ever hedge fund blowup when it lost $6.6 billion; the collapse of subprime mortgage marred hedge fund performance. Turning a discrete event in the financial market into an identifiable, memorable term like Black Monday or the Great Depression is impressive enough. But fleshing out a vocabulary perfectly suited to express the gamut of profit-and-loss within the financial market? That is a rhetorical achievement—and that achievement is the rightful domain of the hedge fund industry.
Bear and Hedge Funds, a Common Language [HedgeFund.net]
Posted by guest , Mar 20, 2008 2:51PM
Ok, stop fucking around. Who is next to go? CIT anyone? Life lines. Bet the banks would like to cut off those lines of credit. But they will only last so long.
Posted by guest , Mar 20, 2008 2:56PM
wasting your breath, dealbreaker editorial staff evidently has never heard of CIT.
i'm pretty sure the language of the "bailout" was around before LTCM, sir, as was the "blowup" before Amaranth. its true these words are useful to describe what goes on in hedge funds, but certainly not derivative of it.
Posted by guest , Mar 20, 2008 2:57PM
Will who ever it is that is blowing up and covering your bank shorts, please freaking get it over with already...
No one is stupid enough to want to be buying banks before this long weekend... so its pretty clear who ever is buying into this market is covering a huge trade or is a complete Fucktard...
Its getting to the point your becoming annoying...
~Stupid Equity Guy
Posted by guest , Mar 20, 2008 3:00PM
Bailout is both a saling term or when a robbery goes really, really bad. Blowup is something that someone at DB almost certainly does to inflatable male/females dolls in their bedroom every night. Collapse is something girls do when I'm finished porking them like guys do to female cousins in Arkansas. I would also add 'shafted' to this linguistic endeavor. Derviced from the African American motion picture classic 'Shaft'. And if you believe that, I'll tell ya another.
Posted by guest , Mar 20, 2008 3:06PM
@ 2:57 Exactly
Does anyone have any color on what the hell is going on with these financials? Have enough talking heads have declared that the "credit crunch is over" so it is?
Anything? Anybody? Bueller?
Posted by guest , Mar 20, 2008 3:13PM
Whoever bought all those April 30 puts on MER sure isn't betting on the "credit crunch" being over.
Posted by guest , Mar 20, 2008 3:14PM
Everett Stuckey is buying financials...
Posted by guest , Mar 20, 2008 10:30PM
@2:56 - Sadly, nobody at DB has read Kindleberger, Mackay, etc. The closest Bess gets to sailing is piloting the skin freighter into Port Newark.