Write-Offs: 07.14.08

$$$ David Trone: Ban the short-sellers. [Deal Journal]

$$$ Deals: Even Holding the Beer, a Big Week
In our M&A Roundup for the week ended July 13, Dow buying Rohm & Haas leads the way, followed by two U.S. purchases by European firms. [CFO.com]

$$$ "The federal government's seizure of IndyMac Bancorp last week - the second-largest federally regulated bank failure ever - didn't have to happen." [NYP]

$$$ A Day In The Life Of A Former Investment Banker [Mergers and Inquisitions]

$$$ Are you "that guy"? [Details]

$$$ NYSE: Rumors are Now "Material Corporate News" [Portfolio]

Comments

1

Posted by guest , Jul 14, 2008 5:46PM

"You have destination-related car stickers like MV, NTK, PVT, HMP, or NPT. "

My head is about to explode.

2

Posted by Anal_yst , Jul 14, 2008 5:56PM

jesus how did they come up with 50 question, kinda like they combined about 5 different types of "that guy" into one though...

3

Posted by guest , Jul 14, 2008 5:56PM

And its ACK, not NTK

4

Posted by guest , Jul 14, 2008 6:02PM

What are destination related car stickers?

5

Posted by guest , Jul 14, 2008 6:05PM

Oh shit, Im "that guy" Thank you so much DB for that link.

6

Posted by guest , Jul 14, 2008 6:07PM

My "that guy" temperature is "warm," much like my red, embarrassed face right now.

7

Posted by guest , Jul 14, 2008 6:53PM

I unchecked everything i was marginal on and still got scorching. GODAMNNIT

8

Posted by JorgeCad , Jul 14, 2008 6:55PM

My thoughts, cut the hands off short-sellers, better still cut the hands off all traders, better still cut the hands off all capitalists ... hmmm running out of scape-goats for the economy

9

Posted by Finnegan , Jul 14, 2008 7:09PM

Isn't banning short sellers like performing fellatio on stock prices, creating an artificial continuous rise that will eventually be our next explosion?

dot.com bubble, housing bubble, stock bubble.

I am not really that guy. I am "cool".

10

Posted by guest , Jul 14, 2008 7:14PM

short selling and margin buying should be banned.

the problem is that brokerage firms never saw a commission that they didn't like.

this reminds me of that feeding the monster cliche.

11

Posted by guest , Jul 14, 2008 7:21PM

Short selling is immoral and should be made illegal.

12

Posted by guest , Jul 14, 2008 7:29PM

This is bent. I think I answered 4 or 5 as "yes" and all of a sudden, I'm someone I don't know. WTF? Bess...ya know....sometimes you really, really piss me off!

The Other Guy from Delaware

13

Posted by AJ , Jul 14, 2008 7:40PM

So short-selling should be banned because its not nice to bet on someone's failure? Can we also ban investing in the companies that are implicitly dependent on another company's failure? No investing in the telephone, that's betting on the telegraph's failure... No investing in google, that's betting on yahoo's failure... and we definitely have to ban investing in healthcare, that's betting on people getting sick which is truly immoral

14

Posted by guest , Jul 14, 2008 7:45PM

AJ - there are a million arguments to support the concept of short selling.

how you managed not to come across one is mind baffling.

15

Posted by beentheredonethat , Jul 14, 2008 7:48PM

Why not be totally thorough about what they propose. With this kind of market volatility, we should just ban all sales until things calm down a bit. No more than say, 18 months. Just long enough until people remember the difference between child and adult.

16

Posted by guest , Jul 14, 2008 7:54PM

hi beentheredonethat,

if the speculators and hedgefunds have their way, a whole bunch of pretty smart people who have their money custodied at lehman are about to find out what it's like not be able to sell.

a ban of sorts, if you will.

weeeeeeeeeee~!!! where do you hide?

jpm?

17

Posted by guest , Jul 14, 2008 8:08PM

AJ, I'm a 100% free markets guy, but I think you somehow just convinced me that short selling is bad and should be banned.

18

Posted by guest , Jul 14, 2008 8:27PM

Short people are bad and immoral, especially the 5-foot tall female "spinners".

19

Posted by guest , Jul 14, 2008 8:32PM

@8:27 - Yeah, that may be true, dude...but fun, eh?

20

Posted by guest , Jul 14, 2008 9:43PM

Damn...Jesse Ventura isn't running for Senate.

21

Posted by thatguydrinksbeer , Jul 14, 2008 11:08PM

Err

22

Posted by guest , Jul 14, 2008 11:59PM

What a weird coincidence that TOGFD showed up the same day TGFD came back.

From the short clip I saw on CNN, Jesse Ventura will run for the Senate if he has a divine visitation.

23

Posted by AJ , Jul 15, 2008 9:08AM

Yeah, that's what I get for posting on no sleep. I retract my previous ramblings.

24

Posted by girl , Jul 15, 2008 9:53AM

apparently I'm "That Guy" too

WTF

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