Write-Offs: 03.18.08

Posted by guest, Mar 18, 2008 8:09PM

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

Posted by guest, Mar 18, 2008 8:49PM

Wow, Sykes makes sense today!!

Posted by guest, Mar 18, 2008 9:03PM

@ 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.

Posted by guest, Mar 18, 2008 9:25PM

@ 8:49, I actually agree.

Posted by guest, Mar 18, 2008 9:28PM

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

Posted by guest, Mar 18, 2008 9:30PM

Anon4Life@8:09

or it was:

5) ValueStockTips guy

Posted by BruceWayne, Mar 18, 2008 9:39PM

@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.

Posted by guest, Mar 18, 2008 10:39PM

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.

Posted by Anal_yst, Mar 19, 2008 1:23AM

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"