$$$ The Problem Is the Assets, Not the Mark [NYT]
$$$ Where have all the Lehman Brothers bankers gone? [The Deal]
$$$ Layoffs Watch '08: Smith Barney Eq. Research, an hour ago.
$$$ Bulls, Bears, Donkeys and Elephants [NYT]
$$$ GFC [WS]
Comments
2
Posted by guest, Oct 14, 2008 6:34PM
Cramer's "total failure of capitalism play" is cash America?
Now he is getting me nervous.
9
Posted by Anal_yst, Oct 14, 2008 7:09PM
Also,
the NYT article (and the CFA survey behind it) is a mess, the problems with which are so obvious and varied I can't pack it into just this comment. Expect a post on this in the next day or so (if I ever get outa the office, sigh...)
10
Posted by guest, Oct 14, 2008 7:47PM
Any word re: Equity Research layoffs at Smith Barney? (ie Citi...?)
11
Posted by guest, Oct 14, 2008 8:31PM
Not being political, rather thinking how many clever people there are out there, I humbly post this link:
13
Posted by guest, Oct 14, 2008 9:07PM
wait so the deal writes a story, then clustersuck writes about it and links to it, then dealbreaker links to it?
15
Posted by guest, Oct 14, 2008 10:06PM
The Canadian elections are actually exciting tonight, they are on C-SPAN
17
Posted by guest, Oct 14, 2008 10:28PM
Anal_yst @5
I wouldn't say I "watch" wall strip but its more like an interaction. I owe you one cluzo.
SPODE
18
Posted by StupidEquityGuy, Oct 14, 2008 10:48PM
"ILLEGAL IMMIGRANTS A PROBLEM IN CANADA!
The flood of American liberals sneaking across the border into Canada
has intensified in the past week, sparking calls for increased patrols
to stop the illegal immigration. The possibility of a McCain/Palin
election is prompting the exodus among left-leaning citizens who fear
they'll soon be required to hunt, pray, and agree with Bill O'Reilly.
Canadian border farmers say it's not uncommon to see dozens of
sociology professors, animal rights activists and Unitarians crossing
their fields at night. "I went out to milk the cows the other day, and
there was a Hollywood producer huddled in the barn," said Manitoba
farmer Red Greenfield, whose acreage borders North Dakota. "The
producer was cold, exhausted and hungry. He asked me if I could spare
a latte and some free-range chicken." In an effort to stop the illegal
aliens, Greenfield erected higher fences, but the liberals scaled
them. So he tried installing speakers that blare Rush Limbaugh across
the fields. "Not real effective," he said. "The liberals still got
through, and Rush annoyed the cows so much they wouldn't give milk."
Officials are particularly concerned about smugglers who meet liberals
near the Canadian border, pack them into Volvo station wagons, drive
them across the border and leave them to fend for themselves. "A lot
of these people are not prepared for rugged conditions," an Ontario
border patrolman said. "I found one carload without a drop of drinking
water. They did have a nice little Napa Valley cabernet, though."
When liberals are caught, they're sent back across the border, often
wailing loudly that they fear retribution from conservatives. Rumors
have been circulating about the McCain-Palin administration establishing
re-education camps in which liberals will be forced to shoot wolves
from airplanes, deny evolution, and act out drills preparing them for
the Rapture.
In recent days, liberals have turned to sometimes-ingenious ways of
crossing the border. Some have taken to posing as senior citizens on
bus trips to buy cheap Canadian prescription drugs. After catching a
half-dozen young vegans disguised in powdered wigs, Canadian
immigration authorities began stopping buses and quizzing the supposed
senior-citizen passengers on Perry Como and Rosemary Clooney hits to
prove they were alive in the '50s. "If they can't identify the
accordion player on The Lawrence Welk Show, we get suspicious about
their age," an official said.
Canadian citizens have complained that the illegal immigrants are
creating an organic-broccoli shortage and renting all the good Susan
Sarandon movies. "I feel sorry for American liberals, but the Canadian
economy just can't support them," an Ottawa resident said. "How many
art history and English majors does one country need?"
19
Posted by guest, Oct 14, 2008 11:37PM
I used to hate WS, but find my self watching it every time it's posted. I am sure DB gets paid to post it, but god damnit Julie has sucked me into watching every episode.
21
Posted by guest, Oct 15, 2008 12:32AM
I hope Julie dresses up for the Halloween episode of wall strip. A naughty school girl with a French accent, hot pink push up bra and matching thong.
Please baby jesus I don't ask for much.
SPODE
22
Posted by StupidEquityGuy, Oct 15, 2008 1:04AM
There are interesting rumor's about delivery issues in COMEX silver. Security lawyers are getting involved with "wharehousing" issues.
Futures holders announcing physical delivery desires are having issues with getting access to the physical, as in not available.
This could get interesting, as the "electronic" price and the "physical" price are not even close to each other currently.
~SEG
23
Posted by guest, Oct 15, 2008 1:43AM
silver for physical delivery trades at something like twice the price for electronic silver
29
Posted by guest, Oct 15, 2008 8:49AM
pleasepleasepleaseplease, more on the EqRes layoffs at SB!!!
30
Posted by guest, Oct 15, 2008 8:50AM
@21...I'll throw in with you on that, Spode. Just have her wearing white thigh highs.
-BeckyBootFan
32
Posted by guest, Oct 15, 2008 9:06AM
SEG@#18...
Great post on the illegal immigrant flood into Canada. Thanks for including it.
Hope you don't mind, but I copied it and passed it along to my friends. I did not claim to be the author.
The Guy from Delaware
p.s. Why don't all you one-line-poster malcontents on DB get off of Bess's case? If you're all so damn good, why don't you write something for DB or send Bess a tip or two?
33
Posted by guest, Oct 15, 2008 9:26AM
Bess- could you or "muffy" maybe do a piece on tragic wall st fashions like running sneakers with suits (why is it always running sneaks and not tennies anyway?) and people sporting garb of failed banks non-ironically?
It's pissing me off and these people need a public lambasting-
TIA
34
Posted by guest, Oct 15, 2008 9:36AM
Uh oh, me thinks DB has been siezed by federal regulators. Too many mean stories upsetting Baldie and the rest of the house of lords who now control commerce.
35
Posted by guest, Oct 15, 2008 9:39AM
SEG: congrats for being consistently entertaining and insightful. Can you really manage money? I'm impressed.
36
Posted by bank_teller, Oct 15, 2008 9:49AM
@33 -- if people wear failed-bank garb non-ironically, isn't that sort of ironic?
Julie breaks my heart just by smiling at the camera.
37
Posted by guest, Oct 15, 2008 9:54AM
36- no- it just makes me wat to grab them by the lapels and punch them in the face.
38
Posted by guest, Oct 15, 2008 10:22AM
36/37 I've been noticing a lot of people carring those navy blue and green canvas bags, with old JP Morgan and Goldman Sachs and Chase logos. Those bags havent been blue and green for years, plus JPM and Chase merged years ago. That what you mean? Whats up with that stuff.
39
Posted by guest, Oct 15, 2008 4:46PM
Re: Citi Research Layoffs
David Raso, machinery
John Hill, metals & mining
Chip Dillon, paper & forest products
Bradley Ball, asset management and credit cards
Paul Mansky, computer networking devices
Tony Wible, radio and media
Leone Young, environmental services
Joshua Attie, casinos and hotels
Paul Heldman, health care policy
George Shapiro, aerospace and defense
Shannon Cowherd, Canadian banks
These are not just under-performers. Several of these are very high quality analysts.
40
Posted by guest, Oct 15, 2008 4:47PM
Re: Citi Research Layoffs
David Raso, machinery
John Hill, metals & mining
Chip Dillon, paper & forest products
Bradley Ball, asset management and credit cards
Paul Mansky, computer networking devices
Tony Wible, radio and media
Leone Young, environmental services
Joshua Attie, casinos and hotels
Paul Heldman, health care policy
George Shapiro, aerospace and defense
Shannon Cowherd, Canadian banks
These are not just under-performers. Several of these are very high quality analysts.
41
Posted by guest, Oct 15, 2008 4:58PM
Re: Citi Research Layoffs
David Raso, machinery
John Hill, metals & mining
Chip Dillon, paper & forest products
Bradley Ball, asset management and credit cards
Paul Mansky, computer networking devices
Tony Wible, radio and media
Leone Young, environmental services
Joshua Attie, casinos and hotels
Paul Heldman, health care policy
George Shapiro, aerospace and defense
Shannon Cowherd, Canadian banks
These are not just under-performers. Several of these are very high quality analysts.
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Posted by guest, Oct 14, 2008 6:24PM
write offs is back! hooray!!