• 14 Jul 2008 at 5:42 PM

Write-Offs: 07.14.08

By John Carney

$$$ David Trone: Ban the short-sellers. [Deal Journal]
$$$ 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 (23)

  1. 1
    Posted by Anal_yst | July 14, 2008 at 5:56 PM

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

  2. 2
    Posted by guest | July 14, 2008 at 5:56 PM

    And its ACK, not NTK

  3. 3
    Posted by guest | July 14, 2008 at 6:02 PM

    What are destination related car stickers?

  4. 4
    Posted by guest | July 14, 2008 at 6:05 PM

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

  5. 5
    Posted by guest | July 14, 2008 at 6:07 PM

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

  6. 6
    Posted by guest | July 14, 2008 at 6:53 PM

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

  7. 7
    Posted by JorgeCad | July 14, 2008 at 6:55 PM

    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

  8. 8
    Posted by Finnegan | July 14, 2008 at 7:09 PM

    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”.

  9. 9
    Posted by guest | July 14, 2008 at 7:14 PM

    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.

  10. 10
    Posted by guest | July 14, 2008 at 7:21 PM

    Short selling is immoral and should be made illegal.

  11. 11
    Posted by guest | July 14, 2008 at 7:29 PM

    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

  12. 12
    Posted by AJ | July 14, 2008 at 7:40 PM

    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

  13. 13
    Posted by guest | July 14, 2008 at 7:45 PM

    AJ – there are a million arguments to support the concept of short selling.
    how you managed not to come across one is mind baffling.

  14. 14
    Posted by beentheredonethat | July 14, 2008 at 7:48 PM

    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.

  15. 15
    Posted by guest | July 14, 2008 at 7:54 PM

    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?

  16. 16
    Posted by guest | July 14, 2008 at 8:08 PM

    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.

  17. 17
    Posted by guest | July 14, 2008 at 8:27 PM

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

  18. 18
    Posted by guest | July 14, 2008 at 8:32 PM

    @8:27 – Yeah, that may be true, dude…but fun, eh?

  19. 19
    Posted by guest | July 14, 2008 at 9:43 PM

    Damn…Jesse Ventura isn’t running for Senate.

  20. 20
    Posted by thatguydrinksbeer | July 14, 2008 at 11:08 PM

    Err

  21. 21
    Posted by guest | July 14, 2008 at 11:59 PM

    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.

  22. 22
    Posted by AJ | July 15, 2008 at 9:08 AM

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

  23. 23
    Posted by girl | July 15, 2008 at 9:53 AM

    apparently I’m “That Guy” too
    WTF

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