Posted by guest , Dec 04, 2008 2:23PM

second!

Posted by guest , Dec 04, 2008 2:24PM

Hippies are protesting the auto bailout on CSPAN.

"The homeless are suffering! Give it to the food bank!!!"

Assholes

Posted by guest , Dec 04, 2008 2:25PM

When is London's turn?

Posted by guest , Dec 04, 2008 2:26PM

@3- you're an idiot. they were chanting 'a bailout is a sellout.' most people with a brain agree. let the big 3 die.

Posted by guest , Dec 04, 2008 2:27PM

Its a bloodbath over there, Im hearing alot of Bear blood!!! Culture clash over there, the blueboods vs the Joeys and the Joeys getting creamed

Posted by guest , Dec 04, 2008 2:33PM

@5- sorry, your employer helped set the precedent.

besides, it will cost a lot less than subsidizing wall street clowns, keep a lot more people employed in jobs they hate, and they have to live in Detroit to get the money.

hey, how bout we move you and your most excellent financial models to detroit, in return for which you can keep your job?

Posted by guest , Dec 04, 2008 2:33PM

ha..bluebloods at jpm..ha.

Posted by guest , Dec 04, 2008 2:40PM

@7, still bitter about not getting a Wall Street offer...?

Posted by guest , Dec 04, 2008 2:41PM

bear risk guys gettin smoked

Posted by guest , Dec 04, 2008 2:45PM

@ 7, you're either crazy or mentally retarded. Those idiot workers at the Big 3 are solely to blame for their firm's demise. The US no longer has a manufacturing economy, deal with it. Unskilled workers getting overpaid with too many benefits deserve to be unemployed.

@ 8, are you an ex-lehman banker? or maybe one of the other dying (failed) stand-alone banks?

Posted by guest , Dec 04, 2008 2:45PM

Wow my Joeys comment is validated!

Any Word on FIG...lotta bloat

Posted by guest , Dec 04, 2008 2:47PM

Wow my Joeys comment is validated!

Any Word on FIG...lotta bloat

Posted by guest , Dec 04, 2008 2:49PM

Any word on JPM Prime Brokerage?

Posted by guest , Dec 04, 2008 2:49PM

uh, analysts in the dinky asset-backed credit facility shit are shakin in their boots... and i trust i don't have to comment on lev fin. 250/500 canned, more to come.

Posted by guest , Dec 04, 2008 2:55PM

Bear risk guys...hahahahahahaha

waitaminute, what am I talking about? They can always get a job at the Fed.
http://www.ny.frb.org/newsevents/news/aboutthefed/2008/oa081031.html

Posted by guest , Dec 04, 2008 3:01PM

Are there legacy Bear Strat Fin folks left?

That was one joke of a group

Posted by guest , Dec 04, 2008 3:05PM

14, you mean the FXPrime group?

Posted by guest , Dec 04, 2008 3:09PM

Any word on M&A?

Posted by guest , Dec 04, 2008 3:13PM

@18 - No, Prime Services.

Posted by guest , Dec 04, 2008 3:14PM

Anyone else on toll conference call, this was hillarious, http://tfpoi.com/2008/12/04/proper-yiddish-phrases-for-a-conference-call/

Posted by guest , Dec 04, 2008 3:17PM

#20, Thanks, is FXPrime still even around?

Posted by guest , Dec 04, 2008 3:20PM

@22 - Not sure. I've never heard of that terminology.

Posted by guest , Dec 04, 2008 3:39PM

when are the merrill losers getting canned?

Posted by guest , Dec 04, 2008 3:45PM

#23 I thought FXPrime was the JPM FX Prime Bro area, thought it was set up 2-3 years ago?

Posted by guest , Dec 04, 2008 4:06PM

@ 24 - Hopefully starting with all other syncophants that are holdovers from the old mortgage apologist team

Posted by guest , Dec 04, 2008 4:18PM

@11, which sector destroyed more capital, finance or manufacturing? if capital destruction corresponds to 'idiot workers' then, well, you know what Pogo said... that's why it is time for the lady in the big boots!

Posted by guest , Dec 04, 2008 4:31PM

@7 - listen loser, the validity of many models is in fact debatable... but the fact that the big three can't make a profitable car is a fact.

Posted by guest , Dec 04, 2008 4:38PM

@ 27, which sector is an integral cog in the US economy and which sector belongs in a developing country like Mexico? This is a SERVICE economy, the banks needed bailouts because without them the economy would literally fail completely (as seen by the ripple effect of leh going under). Let the big 3 die, and for godsake let these moronic unions go with them.

Posted by guest , Dec 04, 2008 4:42PM

hey 28, do you have any evidence that no individual model produced by the big 3 is profitable?

i doubt it.

/notnumber7

Posted by guest , Dec 04, 2008 4:43PM

@ 27, which sector is an integral cog in the US economy and which sector belongs in a developing country like Mexico? This is a SERVICE economy, the banks needed bailouts because without them the economy would literally fail completely (as seen by the ripple effect of leh going under). Let the big 3 die, and for godsake let these moronic unions go with them.

Posted by guest , Dec 04, 2008 4:47PM

@ 27, which sector is an integral cog in the US economy and which sector belongs in a developing country like Mexico? This is a SERVICE economy, the banks needed bailouts because without them the economy would literally fail completely (as seen by the ripple effect of leh going under). Let the big 3 die, and for godsake let these moronic unions go with them.

Posted by guest , Dec 04, 2008 4:56PM

@27, have you ever thought about what happens if you let the banks fail? it will hurt the people who blame wall street for everything more than it will hurt wall street, and guess who will have a harder time making ends meet afterwards?

@30, if you know anything about basic accounting, then you can see for yourself that that every single model manufactured by every american car manufacturer is not profitable. Don't forget that you need to allocate fixed costs (union costs, pensions, other benefits) among your models.

and if anyone thinks that the financial sector has destroyed more value than the auto sector, I would recommend reading "Just Say No To Detroit" from the wall street journal a few weeks ago, which counts up the hundreds of billions of dollars of value that the auto industry has lost for the U.S. economy.

Posted by guest , Dec 04, 2008 5:01PM

I see a lot of piker-hate for financial folks who have been laid off... Well, let's see how all this dumb ass union members compete with our former colleagues once they are (hopefully) out of a job.

Posted by guest , Dec 04, 2008 5:07PM

hey number 33, does that mean that not a single group of citigroup is profitable either? I mean, when you spread the costs of the writeoffs across the board.

if the big 3 fail, what happens to the commerical real estate market when all that office and retail space that the big 3 and the dealers use empties out?

what happens to advertising & media when the three biggest ad buyers disappear?

do all of you forget that the big 3's pension liabilities, including GM's $100 billion program, become the responsibility of the US government during bankruptcy?

Posted by guest , Dec 04, 2008 5:29PM

Dang so many non-car guy pussies...

The Ford F-150 and Chevy Sierra are both very profitable and are the #1 & #2 biggest selling vehicles in North America.

The Corvette is profitable as well, and is in Top 10 in resale next to Lexus and Benz

Fucking cab-riding, 3-series car punks

Posted by guest , Dec 04, 2008 6:23PM

@11

"Unskilled workers getting overpaid with too many benefits deserve to be unemployed."

Pot. Kettle.

Posted by guest , Dec 04, 2008 6:32PM

@36, even those are not economically profitable when you use proper economic accounting. please, disprove me. I would love to see it.

33, citi is not ford. you don't even need to know any accounting to figure that out.

Posted by guest , Dec 04, 2008 7:06PM

Ass Clowns, least me not forget if your risk management models were utilized maybe you would still be employed and some of this shit would have been avoided. CDO's CDS, subprime mortgages, over leveraged to the hilt, greed is good! Instead, you are looking for work in an industry that is shrinking daily. Much akin to the auto industry. Hope you saved some fucking cash. Now where's that hot wideclops with the boots?

Posted by guest , Dec 04, 2008 8:00PM

Why is it that every time Jamie the Man Dimon goes on an ax-wielding spree (uh, I mean engages in responsible corporate cost-cutting), the first thing that occurs to certain minds is to wail on the few unfortunate former Bear employees lucky enough to survive previous pogroms?

God almighty, the world has been turned upside down since March 16, 2007 (the date of the Bear collapse and the selling of its people into bondage), and you are still obsessed with "Joeys."

What is the matter? Did you have unfortunate youths? Were you caught stalking John Travolta or Henry Winkler and now have to pretend for the rest of your life that "Joeys" repulse you? Do you sleep with sleeveless undershirts subtly infused with a certain manly odor tucked under your pillow? What is it with you?

For God's sake, move on, or I am going to have to send every actress that ever played a gutsy Italian woman over to your place to slap you in the face and scream "Snap out of it!"

Posted by guest , Dec 04, 2008 9:12PM

36 is a dumbass. there is no such car as a chevy sierra. it is gmc, moron. chevy makes the silverado.

calling people non car pussies when you are an idiot..

Posted by guest , Dec 04, 2008 11:53PM

41, GMC are Chevy clones you fucking ass pussy

Posted by guest , Dec 04, 2008 11:53PM

@40, Bear blew up in '08 not '07 you dumbass.

Posted by guest , Dec 05, 2008 12:01AM

38, Economically profitable?

Eat my shit.

any douchebag that is disputing Ford F-150 or Chevys/GMC Silverado-Sierra supremacy in vehicle sales is on crack

Toyata's Tundra and Nissan Titans are a joke...even they admit it.

Auto economics is a dark science involving fleet sales, capitive finance subsidization, and auto ABS Securitization....

Bankers talking cars, is quite the joke

Posted by guest , Dec 05, 2008 2:07AM

@ 44...if you're not a banker, what the fuck are you doing posting on dealbreaker you fag?

Posted by guest , Dec 05, 2008 2:56AM

44- you sound like a retard. Fuck off from this board.

Posted by guest , Dec 05, 2008 7:55AM

@44, here is accounting lesson #1: "sales" does not equal "profit". now please stop pretending you know something when you clearly don't and leave this board.

Posted by guest , Dec 05, 2008 7:56AM

@44, here is accounting lesson #1: "sales" does not equal "profit". now please stop pretending you know something when you clearly don't and leave this board.

Posted by guest , Dec 05, 2008 8:40AM

OK back to JPM cuts - rumour of 20% across capital markets, 10% across rest of IB. Also rumour of MS cutting 25% of ECM in London last week. Any confirmation?