Okay, someone left this in comments but we can’t find anything like it online (we also called DHIL for comment but apparently the guy who answers questions on the matter is out to lunch ’til 2:30).
“NASDAQ issuer Diamond Hill Investment Group, Inc. (DHIL) has voluntarily opted-out of NASDAQ’s list of Covered Securities under the SEC’s Emergency Order, effective today, September 22, 2008. Diamond Hill Investment Group, Inc. will not be subject to the restrictions of the Emergency Order.”
If this is true, GOOD FOR DIAMOND. While GS et. al. apparently need the protection of Christopher Cox, you are sending a message that the big bad short sellers can huff and puff all they want, but unlike Lehman’s house of straw and Bear’s trailer park of hemp, your house of bricks ain’t coming down.
Update: it’s true.
Second (doh!)
lets start some creative juices flowing…with SARAH PALIN JOKES
JOKE 1 :
===========
When Palin was asked what she’d do in a bear market.
She answered she would shoot and skin it.
PLS FEEL FREE TO CONTRIBUTE..(AND GET ACCESS TO HER ID)
http://www.nasdaqtrader.com/Trader.aspx?id=MarketSystemStatus
When Palin was asked if the economy is in a recession… wait, what’s a joke?
@2 haha
Here’s another: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0
@5- there’s nothing about diamond hill in that link
Serious question:
BL if you were going to have a threesome, not saying you neccesarily would or wouldn’t, would you go 2guys/1girl or 2girls/1guy?
thanks, shalimar.
This didn’t take long to be built…
http://www.votenobailout.org/
They even have a tool to auto contact your congresscritter
http://www.youtube.com/watch?v=vyV67c1u25w
Bess, can we remove the annoyning Sarah Palin jokes such as #2. They take up valuable threads. Hopefully if we ignore the assholes they will go away. Makes me long for the mayo posts.
So, the best part about that website is the awesomely partisan slant to it. I’m opposed to the bailout, but not because of some political witch-hunt. I just think that its socialism at its finest.
When Palin was asked if the economy is in a recession… wait, what’s a joke?
A JOKE ?
HERE IS AN EXAMPLE :
“Crude Oil Surges More Than $10 as U.S. Bailout Plan May Boost Consumption”
-Bloomberg Comedy Network
I can’t wait to see what the executive compensation riders will look like. Nothing fixes problems better than knee-jerk legislation!!
Hey Bess:
http://finance.google.com/finance?q=dhil
bwahahahaha
“Pussies”
Diamond who?
@ 15, that’s fantastic. Nice going, BL.
“I can’t wait to see what the executive compensation riders will look like. Nothing fixes problems better than knee-jerk legislation!!”
From the desk of Chris Dodd (D-CT):
SEC. 17. EXECUTIVE COMPENSATION.
The Secretary shall require that all entities seeking to sell assets through a program established under this Act meet appropriate standards for executive compensation and shareholder disclosure in order to be eligible, which standards shall include—
(1) limits on compensation to exclude incentives for executives to take risks that the Secretary deems to be inappropriate or excessive;
(2) a claw-back provision for incentive compensation paid to a senior executive based on earnings, gains, or other criteria that are later proven to be inaccurate; and
(3) such limitations on the entity paying severance compensation to its senior executives as are determined to be appropriate in the public interest in light of the assistance being given to the entity.
Text of Dodd’s plan:
http://www.politico.com/static/PPM41_ayo08b28.html
So what risks is the Secretary of the Treasury going to deem “excessive”? Like, anything that GS wouldn’t do?
When are they going to decide that earnings were “inaccurate”? Like when there’s a Worldcom/Enron type fraud? Or just when, ya know, a company makes a shitload of money in a good market and then not so much in a bad market?
I think the “no severance for failures” rule was pretty much a foregone conclusion and I don’t have a big problem with this one.
uhhh… OIL?!
What this all means is that the Treasury is now more important than the Supreme Court, more relevant than the President, and beyond the reach of Congress. If Paulson reorganizes us into an Empire and starts building Star Destroyers, we could be in trouble.
oil PAIN TRAIN
omg the market is down today and gs and mer/bac are down today! how are those big anonymous meanies doing this after we kryptonited their super powers by pulling down their shorts???
why did you take down Gasparino phone message?
LTCM they’re not:
Diamond Hill Capital Management, Inc. is a registered investment adviser based in Columbus, Ohio. Diamond Hill manages equity and fixed income portfolios for institutions and financial intermediaries seeking to preserve and build capital. Diamond Hill’s assets under management as of August 31, 2008 were $5.9 billion.
DHIL is the next LTCM?
How is old man ol’ JM doing? hw started another fund, right??
@25– that makes it all the more amusing…they’re a wee small bank saying we don’t need this, we can survive w/o cox, but gs/ms/etc are all scared shitless to go it alone
@26
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aelEnkvIESkg
@13
Funny. I love when financial journalists try to attribute a move in some market to the COMPLETELY wrong thing. CNBC is phenominal at it.
Heavy volume on DHIL with this announcement… 8,547 shares traded on NASDAQ today!