GEORGE Soros getting into a maroon Mercedes with a mature blonde after a performance of "Speed-the-Plow" and ignoring someone shouting at him, "Thanks for ruining the American economy."
Sightings [Page Six]
Then Jimmy Cayne Asked Him For Some Money
Posted by Bess Levin, Nov 20, 2008, 10:15am
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Posted by guest , Nov 20, 2008 10:19AM
soros replies, "i think we're even for scratching my car when you fetched it from the garage, boy"
Posted by guest , Nov 20, 2008 10:19AM
soros replies, "i think we're even for scratching my car when you fetched it from the garage, boy"
Posted by guest , Nov 20, 2008 10:21AM
sorry for the double
Posted by guest , Nov 20, 2008 10:22AM
Is anyone going to pick up on what the fuck ...let me repeat that: WHAT THE FUCK is happening in the markets???? JPM, C, MS, GS, GM, F are getting raped.
Posted by guest , Nov 20, 2008 10:24AM
Roubini: Be on the solution side of the problem or STFU.
His rants are tiresome and are leading to irrational panic.
Go away until you have something new.
Posted by guest , Nov 20, 2008 10:24AM
@4
Yeah everyone is very quite about this. TURN OFF THOSE MACHINES MORTIMOR!
Posted by guest , Nov 20, 2008 10:26AM
CAPS@4- we're all aware of "what the fuck is happening,' what the fuck would you like us to do about it?
Posted by guest , Nov 20, 2008 10:26AM
Soros started discussing his theory of reflexivity and the shouter's head exploded!
Posted by guest , Nov 20, 2008 10:28AM
GS below IPO price 10 years ago. Ouch! This is a fucking rape.
Posted by guest , Nov 20, 2008 10:30AM
Good. GS has no meaningful value in common stock or to man.
Posted by guest , Nov 20, 2008 10:31AM
Soros looks more like Darth Vader (sans mask) all the time.
Posted by guest , Nov 20, 2008 10:35AM
4,7: I have a theory on that one: no one here has any money so they dont really care. They're basically junior analysts, living paycheck to paycheck, but having a ton of fun doing what analysts do. I need not describe in detail. A 35% drop in the dow doesn't have any immediate impact. Maybe their 401k went from $12,000 to $8,000, but who cares, its 40 more years to retirement. What does matter though are layoffs in the analyst pool, lack of new hirings for newly minted MBAs. Those are the things that threaten the carefree analyst lifestyle.
Posted by guest , Nov 20, 2008 10:35AM
#4 here: Q: What is the worst case scenario, once the previous worst case scenario has happened?
Posted by guest , Nov 20, 2008 10:38AM
Nuclear winter upon us.
Posted by guest , Nov 20, 2008 10:39AM
@12- you really have no idea what you're talking about, but please don't let that stop you theorizing about shit.
Posted by guest , Nov 20, 2008 10:39AM
Very accurate 12
Posted by vbierschwale , Nov 20, 2008 10:40AM
Ok, I'll bite.
How has Soros ruined the American Economy ?
He has absolutely nothing to do with it.
It is the greed of Americans that has ruined the American Economy.
We have done that by putting a very large number of Americans out of work by offshoring their jobs.
These people account for 70% of the purchases that are done in America.
If these people do not have jobs that pay enough to have a little left over, they cannot buy anything, so our retailers, manufacturers and raw material producers start going bankrupt and we're just now at the beginning of that cycle.
If you want to fix the American economy, join me by giving me names of the CEO's and companies that are sending our jobs offshore so that I can add them to the "Wall of Shame" at http://www.KeepAmericaAtWork.com
This way, the people that are blaming soro's and others can see who is really responsible and my friends, it is us.
Virgil
http://www.KeepAmericaAtWork.com
Posted by guest , Nov 20, 2008 10:42AM
@12- actually, someone who has real money to lose wouldn't come on to dealbreaker and freak out about it in the comments section.
Posted by guest , Nov 20, 2008 10:45AM
@12 I concur. Same valid observations there.
Posted by guest , Nov 20, 2008 10:46AM
I live next to the "speed-the-plow" show... god damn it hurts to be living in midtown, sorry clinton, ok hells kitchen...
Posted by guest , Nov 20, 2008 10:47AM
@19/12- are you seriously making the argument that someone who's going to take a big hit would think the best solution would be to log on to DB and anonymously cry about it comments?
Posted by guest , Nov 20, 2008 10:50AM
Thanks for the heads up, Virgil. You should tell that to George personally on your next tour of Hell Circle Four.
Posted by guest , Nov 20, 2008 10:52AM
GS abandons oil trading recommendations. Ha!
Posted by guest , Nov 20, 2008 10:55AM
15 12 here: please elaborate. Where am I wrong?
Posted by guest , Nov 20, 2008 10:55AM
You'd be surprised who reads and comments here. It's not as jr analyst as you might think.
Posted by Anal_yst , Nov 20, 2008 10:55AM
also very sick of soros, seriously old man, go back to blowing up the gbp and shut the eff up
Posted by guest , Nov 20, 2008 10:55AM
@21 - This.will.end.ugly.
People should be shorting anything but financial stocks. Goverment protected. I thought HF's learned there lesson back in October.
Posted by guest , Nov 20, 2008 10:56AM
Anyone know of a free excel password cracker? I've got an xls i can't get into
Posted by guest , Nov 20, 2008 10:57AM
This market is fantastic. While I can't find a job after getting laid off a month and a half ago, shorting financials the past two weeks has actually made me more than a paycheck.
I'd like to thank Vikram Pandit and Steve Schwarzman especially
-Jobless Dealbreaker
Posted by guest , Nov 20, 2008 11:00AM
@12- you implied that the reason no is "picking up on what the fuck is going on" (4's words) was that the people on here are junior and therefore not affected by what's going on. But you make your argument based on an absence of something ie people freaking out in the comments. I know people who read dealbreaker who are very much affected by what's happening, but BECAUSE they're much higher than junior analysts rarely if ever take the time to comment on db (or comment on any other anonymous internet message boards). wouldn't it strike you as odd if people who were losing huge amounts of money came on to db to anonymously freak out about it in comments?
Posted by guest , Nov 20, 2008 11:01AM
@12- how do you explain db getting major hf letters, scooping the msm on major stories (such as every SAC post over the last couple months) if the readership is so junior?
Posted by cy , Nov 20, 2008 11:04AM
17-
Uh, Virgil... Have you ever stopped to consider why CEO's outsource jobs in the first place? Americans are the most productive workers on the planet, so why would an executive rather hire a less productive worker?
(I'll let you think about it for a second)
Give up?
The simple version is that through minimum wage laws and the fact that we allow labor to perpetuate local monopolies (through unions) we create situations where an employer cannot pay an employee a wage commeasurate with his productivity. So instead, the employer hires a worker in a different jurisdiction where the labor market can clear efficiently. My guess is that your proposed solution would be to outlaw offshoring jobs, but that would only make American companies ultimately less competitive and they'll eventually lose out to foreign competitors (please see the current coverage of the american automotive industry for further reading.)
Protecting a few at the expense of many (and then falsely promising many more the opportunity to join "the protected" around election time) is not a sustainable business strategy.
Posted by guest , Nov 20, 2008 11:05AM
31 You dont have to be a qualified investor (i.e. big bucks and/or institutional) to have access to HF letters. Fund of Funds back office, custodian banks have access.
Posted by guest , Nov 20, 2008 11:06AM
Has anyone read that FBR report that says $1.2T is needed to stabilize the 8 biggest financials?
Is this just masturbation or is there real analysis underlying this?
Posted by guest , Nov 20, 2008 11:06AM
Let's put an end to this wicked downward spiral, and not bailout anyone anymore - let the markets work.
How about a plan that does not stop foreclosures, but ends most evictions, and incentivizes the lenders to work-out troubled loans?
http://tinyurl.com/5okgjn
This plan, or a form of it, would keep the responsiblility for the troubled mortgages where they belong - between the bank and the borrower - and does not drop the problem on the US taxpayer.
And Fuck Soros - they should swap his ass with Mark Cuban's...
Posted by guest , Nov 20, 2008 11:19AM
@35
I love it when people say "lets not bailout anyone" cause you know they're aren't thinking ahead. The whole concept behind this is to stop a depression from happening. Everyone wants people to be smarter and learn from their mistakes well your gonna be waiting a long time for that.
Let the economy crumble and people will be invading your homes well before they wise up. 1.2 Trillion or however much it takes it will be necessary to avoid the the pain of what may come. I'll pay taxes to avoid the rise in crime, unemployment and homelessness that this will create.
Your ideals aren't gonna feed your kid. That pick yourself up by the bootstrap nonsense ain't gonna work when your walking barefooted.
Posted by guest , Nov 20, 2008 11:22AM
@22 - Epic win with the Divine Comedy reference there. Very nice. Perhaps "Abandon all hope, ye who enter here", should be the Dealbreaker slogan...
@32 - Americans being the most productive workers on the planet? Really? I'm not saying that they aren't, but what are you basing that on?
Posted by guest , Nov 20, 2008 11:33AM
@9 -
Has to be in the top 5 for best news of the year. GS going under would be top 3.
Posted by guest , Nov 20, 2008 11:35AM
@34 - here is what I have on that $1.2TT figure:
http://www.reuters.com/article/businessNews/idUSTRE4AJ1GV20081120?feedType=RSS&feedName=businessNews
From @35
=======================================
@36 - Are you advocating giving trillions of dollars of our children's and grandchildren's money to those fuckers who put us all in the whole already?
None of them are being evicted from their homes - all of them made bucks during the bubble, and no one is going after their money - ie Angelo mozilo.
I would be all for a bailout if they would go get all the ill-gotten gains back from those bastards like Mozilo, O'Neil, Prince, Lewis, Fuld, and the rest of them - and then throw all of their broke asses in jail so Bubba can give them a good rootering.
http://yourmortgageoryourlife.wordpress.com/2008/11/04/a-hardship-letter-to-countrywide-family-on-the-brink-of-disaster/
No reason they should live high on the hog, repo our homesa, take our tax dollars, and then throw us out into the streets.
No reason for us to bailout anyone - let's reset the ARMs at current 30y Fixed, and for those who still can't afford it, foreclose but do not evict - make them pay the bank rent until they can afford the terms.
Don't let those lying bastards fool you, they are ripping us off nie-ways-til-sunday:
http://www.nuwireinvestor.com/blogs/investorcentric/2008/11/why-have-homeowners-been-forgotten.html
And there is just a smidgen of the proof that this entire 'crisis' was manufactured to steal our money.
Posted by guest , Nov 20, 2008 11:39AM
Soros has skewed the political climate by giving money to complete shitheads like Code Pink who gate crashed Dick Fuld's hearing and yelled insults at him on his way out the door in their usual moronic, fascist manner. Waxman probably enjoyed that part.
Posted by NAS Keflavik boi , Nov 20, 2008 11:44AM
"Speed the Plow" sorry, but that just sounds so porno
Posted by guest , Nov 20, 2008 11:59AM
@40 want some cheese?
Posted by guest , Nov 20, 2008 12:03PM
@#32...
Your economic ideas eat shit.
An economy like ours, that has lost its manufacturing base, will not endure. WTF is made here in the USA anymore? Not much.
Our free trade agreements bring in foreign-made goods from our trading partners with no tariffs, and those same f'n partners turn around and tariff the shit out of our stuff so nothing gets into their shithole countries.
Yeah clown@#32, we can have a service-based economy where everyone sells foreign-made products to everyone else, and we all invent and push around complicated financial instruments and sell them to one another, and everybody makes money because Wall St is good for us all and will ensure that our investments are sound.
That's what we're getting. Why isn't everyone happy?
The Guy from Delaware
Posted by guest , Nov 20, 2008 12:12PM
Soros and Buffet must be shitting in their pants.
Posted by american bandersnatch , Nov 20, 2008 12:30PM
@44 Why? THe palindromic one is killing it.
Posted by Anal_yst , Nov 20, 2008 1:17PM
@TGFD
You severely missed #32's point, like no where close man.
He (she?)'s saying that nothing is made here (and now less-and-less serviced here) because for the productivity per dollar, it makes more economic sense to outsource.
You can't have your cake (jobs) and eat it too (affordable goods), or something.
Posted by cy , Nov 20, 2008 1:49PM
Thank you, anal_yst...
TGFD-
I don't remember saying anything about a manufacturing vs. a service based economy. I don't necessarily think manufacturing things here in the USA is a bad idea, but it is becoming impossible when labor in Michigan demands $65/ hour to do a job that could be done for $30/ hour in South Carolina (like non-union, japanese plants) or even less elsewhere in the world (on account of relaxed pollution standards). If consumers continue to demand the highest quality products at the lowest possible prices, (which seems likely) than the US (in its current state) will continue to manufacture less and less.
While we're on the subject, however. To deny that the US is moving away from a manufacturing economy is insanity. How many college students do you know that plan on seeking assembly line jobs upon graduation? We have become a services and (this is important, so listen) a DESIGN economy. The USA designs things that get produced in other countries. We get paid a lot more to design things than others do to produce them, because it is a lot harder to design and construct an assembly line than it is to run it. This is good news for engineers and software developers in the US (and the doctors, lawyers, and bankers that will service the economy), but bad news for unskilled labor. The longer it takes for us to bust the myth of the low-skilled worker living a comfortable middle-class life, the worse.
Posted by guest , Nov 20, 2008 2:11PM
@47
"The longer it takes for us to bust the myth of the low-skilled worker living a comfortable middle-class life, the worse."
---
What's the issue with a low-skilled worker living comfortably? Henry Ford believed his workers should be able to afford his cars and he paid them as such... The result: they loved working for Ford and supported Ford products.
All of you sound like disgruntled douche bags who have no concept of what a real job is... Comparing the wages of employees in a 3rd World country to the line workers for the Big Three displays just how ignorant most of you are.
Are you not replaceable? Do you douche bags deserve what you make when an Indian boy that barely speaks English can crank out spread sheets and grab lattes just as efficient as you for $12 a day...
Support the Big Three!!
Trip W.
Posted by guest , Nov 20, 2008 2:14PM
I keep wondering if all this tinkering and bail outs is not making it worse.
Who is to say that they have it right?
I mean did not baldy come back to congress and say the bank bailout was not working for unfreezing credit?
I know we can not stand by and wait but what is the right course. I think there are more wrong answers than right. And baldy has so far taken a lot of wrong answers.
Posted by cy , Nov 20, 2008 2:42PM
Hi 48...
Check your history book. Ford could famously double wages to $5 a day because of the tremendous productivity gains afforded by the assembly line. He thought that by paying the workers more, he would have more loyal employees, and could therefore cut back on high-cost turnover in the plant. He made a rational choice as a business owner to produce more cars at a lower cost. The workers shared in these productivity gains via higher wages. Ford was a hard-nosed businessman--to think that he overpaid his employees as some sort of charity is revisionist history.
As for your charge that I'm a replaceable "disgruntled douche bag," I suppose time will tell. I'm self-employed, so if someone can do what I do better than I, they eventually will. That said, you won't see me on CNBC groveling for tax-payer funds to keep my business on life-support.
Posted by guest , Nov 20, 2008 2:59PM
42, send it to Soros, maybe he'll choke on it.
Posted by guest , Nov 20, 2008 3:23PM
I bet he was listening to money, cash, hoes in the benz.
Posted by guest , Nov 20, 2008 3:48PM
I just want to know what that "mature blonde" looked like. Hopefully a little more madison james (bigtitsboss) and a little less madonna.