Posted by guest , Dec 02, 2008 3:53PM

coal in your stocking

Posted by guest , Dec 02, 2008 3:57PM

Honda has never let an employee go. How to run a business!

Posted by guest , Dec 02, 2008 3:58PM

OK, DCM=Debt Capital Markets, but help me out on TMT...

Posted by guest , Dec 02, 2008 3:58PM

Eat my ass #6!

Posted by guest , Dec 02, 2008 3:59PM

@4 - TMT = Telecom, Media & Technology

Posted by guest , Dec 02, 2008 3:59PM

technology, media and telecom

Posted by guest , Dec 02, 2008 4:00PM

@6 how did it taste?

Posted by guest , Dec 02, 2008 4:01PM

TMT may refer to:

* Tandem Mass Tags in Mass Spectrometry
* Tarsometatarsal articulations
* Technology, Media, Telecommunications - an investment sector (mostly European usage)
* Teratoma with malignant transformation
* Terror management theory
* Thane Municipal Transport
* Thirty Meter Telescope
* Tiny Mix Tapes
* TMT Tapping-Measuring-Technology -
* TMT Pascal - A Pascal compiler
* Trick My Truck
* Tubular Modular Track for railways
* Turkish Resistance Organization

take your pick

Posted by guest , Dec 02, 2008 4:02PM

slf?

Posted by guest , Dec 02, 2008 4:03PM

Just wondering, did TGfD use the rolling stop on SRS or did he lose all his gains from yesterday?

Posted by guest , Dec 02, 2008 4:05PM

what is SLF?

Posted by guest , Dec 02, 2008 4:06PM

what is SLF?

Posted by guest , Dec 02, 2008 4:06PM

what is SLF?

Posted by guest , Dec 02, 2008 4:09PM

Would CMBS be part of DCM? If yes, how many people can they have left?

Posted by guest , Dec 02, 2008 4:15PM

What's CMBS?

Posted by guest , Dec 02, 2008 4:18PM

Wideclops

Posted by guest , Dec 02, 2008 4:20PM

how come no photos of bess on this site?

Posted by guest , Dec 02, 2008 4:27PM

Jamie Dimon received $29B from the Federal Reserve to take over Bear Stearns and $25B from the U.S. Treasury to humor Henry Paulson and his bank capitalization plan. That's $54B extra from the federal government for a bank that basically has not shown any weakness.

And I'm not going to go into how nice it was of Sheila Bair of the FDIC to work closely with JPM and deliver up Washington Mutual cleansed of bad debt.

What has the government gotten in return for its favors? 9,000 jobs lost when Bear was absorbed into JPM, 10,000 jobs lost when Washington Mutual was shaped up to meet Mr. Dimon's efficiency standards. When JP Morgan moves with an ax through an assimilated company, it always sacrifices a percentage of its own employees in order to maintain the morale of the vanquished.

What is the result? An ever more powerful financial conglomerate where worship of the bottom line is the bottom line. It's hard to foster employee loyalty when it's never known where the ax will fall next. I suppose a frightened employee is an employee who doesn't mind sacrificing his or her personal life for less money than he or she made last year.

I hope Mr. Dimon continues his interest in fighting substance abuse. $54B could go a long way in providing treatment for those who seek it. But hey, that's a negligible need compared with the crying need to give more and more federal resources to a bank that's proud of its "fortress balance sheet," and like another institution committed to self-preservation, the Pentagon, has never seen a fortress too strong.

Posted by guest , Dec 02, 2008 4:32PM

No technology? No telephones? AND, no media?

How does the company expect to levelset their tablesteaks and strengthen the organic core competencies while orchestrating holistic synergies without these groups?

Who's gonna do this huh?!

Posted by guest , Dec 02, 2008 4:34PM

3 - your wrong, my uncle works at Honda and was laid off 11/17.

Posted by guest , Dec 02, 2008 4:34PM

DCM is high grade, preferred, and hybrid origination. Since the credit markets are shut there are no deals.

Posted by guest , Dec 02, 2008 4:45PM

Just when you thought they would not take any more.... We should save our tax dollars for US, because times are going to be tough, and we will need them.

Maybe it is is time we step back and make a more holistic assessment of the costs and benefits of a financial system that demands the return of all the gains ever delivered now that times are bad, and also demands the lion’s share of the returns during the good times. http://tinyurl.com/6jldft

Posted by guest , Dec 02, 2008 4:52PM

We're all so fucked (royally). Shit!

Posted by guest , Dec 02, 2008 4:53PM

@#11...

TGFD used a stop-loss today to limit today's loss on SRS to only 6.05 per share. Yesterday, I sold my original play too soon on a dip, but my gain was still 18.81 per share. Basically, TGFD lost a third of yesterday's gain by playing with SRS again today.

I'm still having trouble coming up with an amount at which to set a trailing loss. Any suggestions?

The Guy from Delaware

Posted by guest , Dec 02, 2008 4:55PM

@13,

I had "shit licking fags".

Posted by guest , Dec 02, 2008 4:58PM

#11 here (and the original poster before). Dont worry about what you "left" on the table. Be disciplined - it often is harder to determine an exit than entry....with a leveraged position - the rolling stop should be tighter if you always have a "could have" memory...

Posted by guest , Dec 02, 2008 5:00PM

@#11...

p.s. TGFD used a 3% trailing loss on SRS yesterday, and I was taken out on a dip at 137.37, right before the big run-up. 4% would have kept me in. Basically, I'm not sure what to do next time.

The Guy from Delaware

Posted by guest , Dec 02, 2008 5:05PM

you made money - and know SRS is below 137, right? remember what its there for!

Posted by guest , Dec 02, 2008 5:08PM

Anyone know the numbers for 1st year analysts?

Posted by guest , Dec 02, 2008 5:16PM

@#33/11...

You said,

"and know SRS is below 137, right? remember what its there for!"

Please explain. Thanks.

The Guy from Delaware

Posted by guest , Dec 02, 2008 5:55PM

Sadly, the idiots are probably still working there and are not cut.

Posted by guest , Dec 02, 2008 6:13PM

TGFD,

Bears, bulls, pigs - especially with leveraged ETF's.

Posted by guest , Dec 02, 2008 6:21PM

FIG?

lotta bloated contracts w/no revenue there

Posted by guest , Dec 02, 2008 6:22PM

TGFD - go fuck yourself.

Posted by guest , Dec 02, 2008 6:36PM

@#39...

Why so hostile today?

The Guy from Delaware

Posted by guest , Dec 02, 2008 6:38PM

Anal_yst @#30, #22 here. I have frequently commented in the past and usually agree with you. I do think I have the capacity to understand "the effects" of an "epic and massively painful downfall of the global financial and economic system." It was based on that understanding that I supported Bernanke and Paulson from March 2008 until mid-September 2008 in their ad hoc efforts to prevent disaster, despite having qualms about the perennial secrecy and lack of input from outsiders. Frankly, I have had some doubts from the beginning about the underlying legitimacy of their efforts.

When Lehman alone was allowed to fail -- probably to appease the demands of the President's vocal free market constituency -- and Paulson was adamant that he must have $700B to buy mortgage-backed assets only to reverse himself a few weeks later, I began to question why I had supported so readily the possibly authoritarian measures of Paulson and Bernanke. Perhaps I wanted to believe that this financial collapse could be stopped, if the right person stepped into the breach.

Everything that Paulson warned Congress about in getting TARP authorized has more or less come to pass despite the huge expenditures. The financial crisis worsened markedly, not because of new extrinsic pressures, but because people had their confidence shattered in the Treasury Secretary, who hadn't bothered to explore the practicalities of reverse auctions and the possibility that the amount of troubled assets held by the private sector far exceeded the Treasury's ability to buy them.

Have you not noticed the massive recent layoffs at Citi, Goldman, Washington Mutual? I'm not certain of the exact numbers, but that's approximately 70,000 to 80,000 lost jobs in one industry within the few weeks since the TARP was authorized.

Have you also not noticed how Jamie Dimon, over and over again, has agilely slipped in to catch the falling government benefits? How is giving $54 billion to one demonstrably solvent institution averting anything? With Bear, 6,000 jobs were saved but 10,000 jobs were lost. Washington Mutual was not saved at all; it went into a quick bankruptcy that was long enough to wash away its liabilities. At least 10,000 jobs will be lost. The profitable and desirable operations of Bear and WaMu were preserved with a big assist from the federal government and now are the private property of JP Morgan.

Call me insensitive to the nuances of world-wide financial collapse, but I am failing to see why it is the government's job to engineer massive transfers of wealth from one private entity to another, and how JP Morgan's huge gains and Bear's, Lehman's, and WaMu's lamentable losses have benefited the country in any way.

Posted by guest , Dec 02, 2008 6:42PM

@TGFD

I'm the wayne gretzky of american sex. Now bow down and receive my spear injection.

Posted by guest , Dec 02, 2008 6:48PM

@#42...

Eat shit instead, clown.

The Guy from Delaware

Posted by guest , Dec 02, 2008 7:27PM

What exactly is the "Street" going to sell in 2009? Equity execution?

Posted by guest , Dec 02, 2008 7:29PM

I think this has been planned for a long time by a tiny group of corrupt immoral insiders who are helping each other out. I don't believe they caused the financial crisis but I do believe they have taken advantge of it to make money while making sure some ibanks are gone - that way in a few years when the economy rebounds and MS and GS suddenly decide they want to be ibanks again and the Fed lets them change their status overnight again they won't have many competitors left.

This is my list of the primary corrupt immoral people:

Henry Paulson
Jamie Dimon
Lloyd Blankfein
Timothy Geithner
Robert Steele
All the GS people working at the Treasury department.

The defense industry and the airline industry both had massive layoffs a few years ago but congress didn't authorize a bailout so they could legally steal money from taxpayers to give it to wealthy bankers - I believe maybe someday people will realize this has been the biggest scam out country has ever had and Dimon, Blankfein and the others will never go to jail for it.

Posted by guest , Dec 02, 2008 7:42PM

TGFD stop fucking telling us about your odd lot day trades made from your living room you cock starved cunt

Posted by guest , Dec 02, 2008 7:45PM

Also what is with all the "I'm a little boy who hates women" language here?

I get the impression nobody here is out of college but I still don't remember acting that lame even when I was in college.

Posted by guest , Dec 02, 2008 7:53PM

Steve Black sat in front of a group of Bear employees in March and said 'we don't do ethnic cleansing" yep right...Steve, Jamie and the crew would make Sadam and Milosivich proud. "Heritage Bear" are taking the brunt of the hit here.

Posted by guest , Dec 02, 2008 7:53PM

What's JPM?

Posted by guest , Dec 02, 2008 8:07PM

He really compared employees losing jobs during a merger to genocide? I find that hard to believe.

Posted by guest , Dec 02, 2008 8:15PM

Junior "Heritage Bear" employees should have been let go to begin with

Posted by guest , Dec 02, 2008 8:23PM

@ 47, that may have been because you were too busy blowing dudes??

Posted by guest , Dec 02, 2008 8:32PM

$100 that 47 is TGFD masquerading as an anonymous guest. Post about daytrading strategies on altavista finance if that still exists

Posted by guest , Dec 02, 2008 8:45PM

@53...$100? Are you a Wachovia commercial paper origination 'banker' who got fired?

Posted by guest , Dec 02, 2008 8:50PM

Does Steve Black even realize what he said was wrong or is he just an idiot? He thinks bankers who probably make more money in a year then many people living in other countries make their entire lives losing their job is the same as people being killed in a genocide - maybe the problem with his bank is that they have idiots working there.

Posted by guest , Dec 02, 2008 9:57PM

54 = unemployed fag enjoying the last 3 weeks of severance, currently googling the address of the unemployment office

Posted by guest , Dec 02, 2008 10:04PM

Re: Heritage Bear

Are these the folks that got promissed a stay bonus till year-end/pro-rata of last years bonus

Or, is this re-negging on folks who made the cut in June & and are now fired

Posted by guest , Dec 02, 2008 10:38PM

JPM Chicago (including legacy debt shops): more cuts on Wed / Thurs

half of entire analyst class blown to smithereens.... or Smithers, in GAnalYst's case

Posted by guest , Dec 02, 2008 10:40PM

@45 Hellooooooo!!! Goldman and its former executives have basically destroyed this whole financial system...They've destroyed the oil market, I mean who has an analyst saying $200 and then you hear them say $40????? Too much manipulation and control on all parts and everyone just stands in awe because they fucking can't touch these bastards!!!!!

Posted by guest , Dec 02, 2008 11:10PM

I'm not sure what Jews have to do with it - although Blankfein is probably Jewish and I know Geithner is I don't think any of the others are.

I think there was alot that happened behind closed doors during the financial crisis that we don't know about - some of it could be against the law, I don't really know. But I also know for sure that people at banks knew many of the loans were bad, they sold them for profits to other banks, those banks chopped them up and sold them with good loans to investors and made billions in fees, and GS made millions betting that house prices would fall while also telling their clients to invest in real estate - that might not be illegal but it should be.

Posted by guest , Dec 02, 2008 11:31PM

@56: Sorry, did I hit a sore spot (and not in the way you're used to, you fag)? Good guess, but I am actually not unemployed. You on the other hand, my intellectually deprived and sexually deviant friend, will soon be back to turning tricks in Chelsea dives before eventually having to move back to Iowa City. Just be thankful that irratioanl exuberance in the financial system allowed to experience (however fleetingly) a life that really was never meant for someone like you.

Posted by guest , Dec 02, 2008 11:47PM

You forgot to add a pronoun after allowed. Clearly attention to detail doesn't apply at BofA retail client services

Posted by guest , Dec 02, 2008 11:56PM

It's unreal how much cock is chugged on this site. Get lives you fucking nerds. I beat you all up in HS, don't think you're cool because you can "model" and add back "non-recurring" items to get to an "Adjusted EBITDA". You're all cock munchers who find banking to be a place where your nerd ass is accepted because you spend "all-nighters" ordering food and fucking around and formating a powerpoint slide or ordering a car service so you can "send the books" over to your MD by the morning while you then email them on your blackberry so it can time stamp you at 3am "doing work". You're all getting called out for being nothing but fucking nerds.

Posted by guest , Dec 03, 2008 12:10AM

65 That's truly a good one. Except for the fact that nothing is more nerdy than posting on DB at 11:56. Unless you're working the night shift in the duplication department. Actually, that would be my guess given the perceptive nature of your comments (i.e. you're a guy that knows in detail how things actually work) combined with the venom with which they are being delivered.

Posted by guest , Dec 03, 2008 12:52AM

@ 65: Let me guess...you're from Long Island, aren't you?

Posted by guest , Dec 03, 2008 3:00AM

Just sent an email from my blackberry.

"Sell more paintings! And the Maybach!"

- The Real Dick Fuld

Posted by guest , Dec 03, 2008 6:11AM

@65 you fuckin loser, did you recently find out that the route from the mailroom to boardroom has been shut down 20 some years ago? Go do your shitty little task whatever it is. Next stop for you is flipping burgers. Bitch.

Posted by guest , Dec 03, 2008 6:16AM

@68...if you think that was funny, please go ahead and kill yourself.

Posted by guest , Dec 03, 2008 6:36AM

@63...Speaking of attention to detail, you cock sucking faggot, you missed my typo in the word 'irrational'. What you fail to grasp is one of the reasons some of us still have jobs is because we focus our attention on our work, insead of on critiques of anonymous online posts. As fulfilling as I'm sure it is to be sitting in your crack whore of a mother's basement in south Jersey, giggling at how witty your anonymous online persona is, I would advise that you show BofA retail client services a little more respect...Karma is a bitch and it'll come back to bite you in the ass when you are applying for an unpaid internship there.

Posted by guest , Dec 03, 2008 9:17AM

suck it hard JPM...you buy Bear, kick me out of work and I end up getting a better severance package...poetic justice!!!

Posted by guest , Dec 03, 2008 10:56AM

@72. You dont have a job. You clearly didnt suck it hard enough, did you?

Posted by guest , Dec 03, 2008 11:59AM

enough with the sucking, fags, moms, basements, etc

Its a JPM thread

Posted by guest , Dec 03, 2008 12:57PM

74 -> working for JPM (delivering copies or something), thinking its the shit...

Posted by guest , Dec 03, 2008 4:14PM

75

I fucked your Mom up the ass and blew the load in your wifes mouth...

Thanks

Posted by guest , Dec 03, 2008 5:24PM

guest@#53...

TGFD didn't write #47. Not my style.

TGFD never "masquerades as an annonomous guest". If I don't have the balls to put my moniker to something I post on DB, then I won't post it.

Unlike you, TGFD is prepared for the wrath of others.

Now, where's that $100 you foolishly bet against TGFD?

The Guy from Delaware

Posted by guest , Dec 03, 2008 11:41PM

Hey guys,

If any of you laid off JPM folk need a new job, I am looking for a new pool boy. Must be young, cute and have supple yet firm buttocks. Based on your past profession, I already know you can take it in the backdoor.

Thanks,
The Guy from Delaware

Posted by guest , Dec 04, 2008 4:58PM

Comment stream got me HOT

Posted by guest , Dec 04, 2008 10:13PM

TGFD @78 - after you are done giving it through the backdoor, do you get a facial from the said pool boys? Very interesting.

Posted by guest , Dec 04, 2008 11:47PM

The guy from Delaware is a complete and total faggot. Bess, can you blackball this idiot. He's fucking doorknob and should be handling a jiz-mop at some gay-bar in the meatpacking district.

Posted by guest , Dec 05, 2008 5:05AM

TGFD,

If I may ask, if you are indeed an older gentleman, and one who isn't forcibly tied to a computer screen for 18 hours a day with no other form of entertainment, why exactly do you spend so much time on a message board seemingly populated by adolescents? Ostensibly it isn't for the mature and intellectual banter, so one can only deduce that you must be a complete and utter homosexual who trolls internet forums in the hopes of seducing younger guys. Please feel free to correct me if I'm off here.

Posted by guest , Dec 05, 2008 5:51AM

Hey guys,

If any of you are willing to continue your career in the backdoor, I know of some houses in Thailand that need your services.

The Guy from Delaware

Posted by guest , Dec 05, 2008 11:29PM

JPM employee here. we saw cuts in front office (marketers) big last week, bear heritage employees in structured liabilities rumored to be getting the axe this week (studying/cramming for the cfa so haven't gotten the scoop on firings as of today).

can't fire all the bear employees though, need some to help integrate the systems :)

Posted by guest , Dec 06, 2008 12:15AM

some funny stuff here but too much wanabe macho I thought used to be a bad ass comments...banking is bs and we all know it now...a true bankers job should only be doing thorough credit work on a borrowers credit profile and determining the terms of a loan (amount, interest rate, maturity). Nothing more and no bells and whistles. It is not suppossed to be a glamorous high stakes profession.

Posted by guest , Dec 06, 2008 5:20AM

@85

couldn't cut it? there there, theres always room for you in card services

Posted by guest , Dec 06, 2008 7:37AM

Equity Prime Brokerage took a hit for about 25 "low performers" all ex- Bear Stearns

Posted by guest , Dec 06, 2008 1:15PM

SPG got hit on Thursday, more cuts in SPG coming next week.

Posted by guest , Dec 06, 2008 4:59PM

@ 86..you are a fucking tosser. Enjoy unemployment you fucking homo.

Posted by guest , Dec 06, 2008 7:52PM

@87 was that on friday? those guys sit on my floor, i ducked out early

Posted by guest , Dec 08, 2008 2:17PM

rumors flying around JPM: there will be cuts in Asset Management in January- some NY, some London.

Posted by guest , Dec 08, 2008 2:19PM

rumors flying around JPM: there will be cuts in Asset Management in January- some NY, some London.

Posted by guest , Dec 08, 2008 4:57PM

Asset Management cut in November, wake up.

Posted by guest , Dec 08, 2008 8:35PM

@93, outside of back office retail, banks are allowed to fire more than once ever 6 months you cock eating faggot.

Posted by guest , Dec 20, 2008 1:01AM

Asset Management began cutting November 18th in Kansas City. Still cutting here and there. My position was "eliminated" in the first round, along with three others on my team.

I've been informed by friends still there that the cuts are continuing but they are aiming at the "unpopular" (whatever that means) employees.

The strange part is that the team I was on (with previously 9 members and now only 6) are going to be responsible for handling the work of the 211 previous clients but those that were clients of WaMu in their retirement planning section. We were swamped before with 9 people and fewer clients. I'm guessing they're going to have to re-hire after they figure out there's no way to handle the work load with such a reduced staff.

Just my opinion.