• 18 Mar 2008 at 6:46 PM

Write-Offs: 03.18.08

By John Carney

$$$ Synergy [Vanity Fair]
$$$ The Mystery of the Bear Stearns Stock Price [DealBook]
$$$ Damn All You People Who Contribute To Market Randomness! [Tim Sykes]

Comments (10)

  1. 1
    Posted by Anonymous | March 18, 2008 at 7:14 PM

    Anyone wondering what SlimJim has been up to??
    http://www.foxnews.com/story/0,2933,338889,00.html

  2. 2
    Posted by guest | March 18, 2008 at 8:09 PM

    Looks like the SEC is investigating whether shorts spread rumors about BSC the week before its stock-price collapse. Would be interesting to see who bought 50,000 $30 strike March puts 3 days before it collapsed. That sure was “lucky”.
    In my estimation, it was one of the following:
    1) Jimmy Cayne
    2) Hank Paulson
    3) Joe Lewis
    4) Jojo The Idiot Circus Boy
    - Anon4Life

  3. 3
    Posted by guest | March 18, 2008 at 8:49 PM

    Wow, Sykes makes sense today!!

  4. 4
    Posted by guest | March 18, 2008 at 9:03 PM

    @ 8:49, the sun also shines on a dead dog’s ass at least once on a sunny day. Don’t read too much into it.

  5. 5
    Posted by guest | March 18, 2008 at 9:25 PM

    @ 8:49, I actually agree.

  6. 6
    Posted by guest | March 18, 2008 at 9:28 PM

    i work there. we haven’t had free soda since 2000

  7. 7
    Posted by guest | March 18, 2008 at 9:30 PM

    Anon4Life@8:09
    or it was:
    5) ValueStockTips guy

  8. 8
    Posted by BruceWayne | March 18, 2008 at 9:39 PM

    @8:49
    It’s enough to make one wonder who he liberally paraphrased. He is enough of an idiot that I feel no remorse in having a she-male on myspace flirt with him. I hope they hook up. I would love to post those pictures.

  9. 9
    Posted by guest | March 18, 2008 at 10:39 PM

    That market randomness column is good. Any idiot that gets on TV and tries to predict the direction of the market should have to read it.

  10. 10
    Posted by Anal_yst | March 19, 2008 at 1:23 AM

    So, actually got a response back from Gretchen Morgenson (mini huzzah?), although it sounds like a cop-out to me, respekt to her for even writing back, esp to some dbag who signs his letter, “regards, Anal_yst)…
    “Thanks for taking the time to write. I am sorry that my article did not live up to my previous work, in your view.
    I agree that the $13 trillion in derivatives was at work in the bailout but did not mention it because BSC does not break the positions out into interest-rate swaps, CDS etc so on deadline it was hard to identify what the notional amount really represented.
    Anyhow, I did not by any means intend to argue that BSC should be allowed to go bankrupt and with all the consequences of that on innocent clients and employees. I simply meant to indicate that we are in a different world when a firm that is central to the mortgage arena like Drexel was to junk bonds is not allowed to fail. I am sorry if that did not come through clearly.
    You should know that I take my “significant position” in the world of journalism extremely seriously.
    Thank you for your candor,
    Gretchen Morgenson”

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