"I feel like Butch Cassidy and the Sundance Kid. Who are these guys that just keep coming?" -- Treasury Secretary Henry Paulson Jr.
We quite like the image of Beard and Bald as the "Banditos Americanos" of Butch Cassidy and the Sundance Kid fame. Racing around on horseback, blowing up safes, being pursued by doggedly determined bounty hunters. Making that huge leap off the cliff to finally shake their tormentors. Fleeing south of the border. Taunting the local army.
I suppose the big question is, which one is Robert Redford and which one is Paul Newman?
Oh, wait, we just remembered how that film ended. Maybe that's not such a good comparison.
Struggling to Keep Up as the Crisis Raced On [The New York Times]
Posted by StupidEquityGuy , Oct 23, 2008 10:36AM
Chuckles is calling for a week or long vacation...
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and
policy makers may need to shut financial markets for a week or
more as the crisis forces investors to dump assets, New York
University Professor Nouriel Roubini said.
``We've reached a situation of sheer panic,'' Roubini, who
predicted the financial crisis in 2006, said at a conference in
London today. ``There will be massive dumping of assets,'' and
``hundreds of hedge funds are going to go bust,'' he said.
Posted by Anal_yst , Oct 23, 2008 10:45AM
At some point, market observers/commentors need to put their ego aside and think of the greater good.
Whether he (and his ilk) are correct or not is besides the point. Viewers of MSM news do not need to be reading/hearing (especially through the msm information filter) such predictions, as they will only fuel the panic. Naturally its a sheer impossibility to keep all information contained purely within the financial community where we may have the ability to take such predictions in context, but in the name of responsible journalism, an effort should be made ("should" being the operative word, of course...)
Posted by guest , Oct 23, 2008 10:58AM
Must be early in their career - according to this chart, they have only bgun to rob our banks:
http://tinyurl.com/558bbd
We have three nore years of mortgage resets that will make Subprime losses look like nothing.
No bottom, not even close...
Posted by guest , Oct 23, 2008 11:26AM
Dude has plaster vulvas decorating his walls and drops the N word like it's hot
(I mean NSDAP, mah nizzles). What's not to like?
http://gawker.com/tag/nouriel-roubini/
Posted by guest , Oct 23, 2008 11:28AM
Wouldn't the storyline be more like they ride into town, head for the bank, blow up the safe, stuff it full of money, and the leave, taking a few shares of the bank with them?
Posted by guest , Oct 23, 2008 12:03PM
You gotta love Roubini saying ``There will be massive dumping of assets,'' and
``hundreds of hedge funds are going to go bust,''
Guess what? It's already happening.
By the way, people have been predicting this crisis since at least 2003, 2004. Roubini was late to the party.
Don't ask an academic to do a man's job.
Posted by Anal_yst , Oct 23, 2008 12:13PM
@3
We saw your link (with an outdated CS chart) the past 10 times you posted it. At least man-up and admit to authorship/shameless self-promotion
Posted by guest , Oct 23, 2008 12:35PM
@6; true enough. My question for DB'ers, using the vernacular of the entertainment industry is this:
When did Bernanke and Paulson "jump the shark" in response to this crisis?
1) Letting Lehman fail.
2) Getting the TARP passed.
3) Guarantee of money markets.
4) Other (please share)...
Posted by Anal_yst , Oct 23, 2008 1:20PM
@ 8
There isn't any one exact moment, but when they guaranteed money markets, I mean, wtf, you could essentially have, very easily all of your funds guaranteed by the government. Yet, lo and behold, tons of people still have lots of $ tied up in garbage credit and equity. Boggles the mind...
Posted by guest , Oct 24, 2008 12:01AM
shows how educated people are DOH!
http://www.weeklyta.blogspot.com