"Wall Street Rock Star" Cody Willard Flummoxed By Decision To Make Citi "Too Bigger To Failer"

Posted by Bess Levin, Dec 02, 2008, 12:15pm


Related: A "Happy Hour" So Great I'm Going To "Live" Blog It, And Try And Remember What I Could Have Possibly Been Doing That Was More Important When This Thing Came Around The First Time (A. Nothing)

3Recommend this! 40Comments

Comments

1

Posted by guest , Dec 02, 2008 12:36PM

University of New Mexico. What more do I need to say?


SPODE

2

Posted by guest , Dec 02, 2008 12:40PM

Doogie will save us all.

3

Posted by guest , Dec 02, 2008 12:44PM

He has a girl's haircut.

4

Posted by guest , Dec 02, 2008 12:44PM

"I bought a ticket to go to New York and told my mom I want to be a 'Wall Street Rock Star.' And I don't know what that means."

I encourage everyone to give their money to this guy. All of it.

5

Posted by guest , Dec 02, 2008 12:47PM

He makes me wet.

6

Posted by guest , Dec 02, 2008 12:48PM

@4 you'd rather give all your money to?

7

Posted by guest , Dec 02, 2008 12:49PM

Spode, doesnt matter where you went to school you idiot. Nation is run by C students.

This guy however is a giant tool who should NEVER be able to comment on markets publicly, along with that brainless bimbo he hangs with. Leno sucks, he needs to step aside already

8

Posted by guest , Dec 02, 2008 12:52PM

NPH is the man

9

Posted by guest , Dec 02, 2008 12:53PM

wtf, i am the original wall street rockstar... getting my lawyer on the phone for copyright infringement by a douche

10

Posted by guest , Dec 02, 2008 12:53PM

This is a great example of the dumbest 5% of our country and how it's still possible to get national exposure and attention. Everything this guy says and does is a disservice to intelligence and rationality, and he should be exiled to some island nation where he can't harm anyone but himself.

11

Posted by guest , Dec 02, 2008 12:56PM

I award Cody Willard no points, and may God have mercy oh his soul.

12

Posted by guest , Dec 02, 2008 1:00PM

He needs a haircut and a brain transplant. To say nothing of his miniscule cock.

13

Posted by guest , Dec 02, 2008 1:03PM

@11 +1+1

14

Posted by MarshallStack , Dec 02, 2008 1:06PM

He HAD a fund or he HAS a fund?
Doogie was the only investor?
How'd his "numbers" look?

15

Posted by guest , Dec 02, 2008 1:08PM

Thanks for the link to the NPH post Bess. That was the best 10 minutes I am likely to have all week.

16

Posted by guest , Dec 02, 2008 1:21PM

YEah, your right, C should have failed, GM, all of em. That wouldnt have caused the depression. We would have been on souplines the next day after the dow closed at 1K and the s and p closed at 35. Its easy to point the finger at Bald and Ben, but they are just reacting to a shtstorm created by the so called masters of the universe on Wall st. Facts are facts, if anyone had a better idea they would have said so by now right?

17

Posted by Anal_yst , Dec 02, 2008 1:43PM

@16

So, since I realize there's no talking any sense to you but can't help myself anyway, you're saying that the jokers on "main street" who've been living above their means for years (if not decades) had nothing to do with it?

18

Posted by Clown Capital , Dec 02, 2008 1:56PM

Oh shit, is that one of the former singers in Hanson???

Doo-wop, dop, doo-wop, doo-wop dooby do-wop...talkin' bout "doo"...yeaaaahhhh.

19

Posted by guest , Dec 02, 2008 1:58PM

"I trademarked this term Revolutionomics."

Why hasn't he been laughed out of civil society yet?

20

Posted by guest , Dec 02, 2008 2:02PM

@17, you are a jerkoff. I blame the subprime lender, then the wall st geniuses who decided to trade this garbage. I believe Michael Lewis portfolio piece describes it perfectly. Now off you go to the cleaners to pick up your boss shirts. Medium starch dogboy

21

Posted by Lowly Assistant , Dec 02, 2008 2:12PM

20,

I don't, per se, have a pony in this race, but the ML article doesn't go into your half-witted diatribe. I don't necessarily agree with ML's article, but for the most part he's talking about poor management, risk "management," and the "wild" reality that is 26 y/o's making gigantic bets, 3-4 years out of undergrad, using heavily-armed pieces of paper.

Now, do you need collar-stays or any buttons replaced?

22

Posted by guest , Dec 02, 2008 2:18PM

Readit again 21, it talks about people not knowing what the hell they were trading, rating agencies not having a clue, etc. Also s-bag subprime lenders giving away money like it was free.

Oh yeah, one more thing:

"I dont make money, I print it"

23

Posted by guest , Dec 02, 2008 2:36PM

# 10 expect more of this, we're going to need a bigger island.

24

Posted by Lowly Assistant , Dec 02, 2008 2:38PM

22,

I know you print it because I can see the ink on your hands and face. You closely resemble a Midas monkey.

If you receive an offer from BoA for a 0% APR CC for one year/9 months, that's a great deal, right? After that period of time is over (gasp!) the APR moves to 23% (being drastic)! The debt you're holding on your card makes quite a shift (I'm sure you've mastered basic arithmetic).

Quiz time

During the course of your ability to borrow, you've added some debt from previous cards, payed your electricity/cable with those nifty blank checks they send you each month, and "financed" a new laptop. All of the sudden, you're paying _more_ than the "face value" of the items you bought! Is that fair? Of course not. That's why I don't pay my credit card bill. I open new lines of credit, and "build my credit." I'm just working on my "score," and BoA's holding me back.

The best part is that the terms are ALL placed on that pesky paperwork you discard each month. Predators! All of them! Maybe when you go to bankruptcy court you can blame it on the onion-thin paper that outlined those terms. It's so thin and hard to read!

25

Posted by guest , Dec 02, 2008 2:42PM

The true costs: "We lose to the market over a half a trillion dollars, year after year after year. And investors have to know about that, because it speaks to a real flaw in our system, where the financial system is consuming an excessive share of the economy’s resources…it turns out the financial sector subtracts value from society."

http://tinyurl.com/6jldft

26

Posted by MarshallStack , Dec 02, 2008 3:01PM

@25 -

"That means, whatever the markets deliver, we investors get six-hundred billion dollars less because we pay it to this institution, or this series of institutions: mutual fund managers, hedge fund managers, stockbrokers, investment bankers, that we call, loosely, Wall Street."

Wonder how many employees that covers - think Bogle is also talking global numbers -

Shit - I make rich people richer. Philanthropy is for non work hours.

27

Posted by guest , Dec 02, 2008 3:20PM

@24 I dont need to charge items, like my man Randy Moss said"Straight Cash Homey". Ill try to have your g-friend home by midnight, keep clearing those trades, working your way up tpo a nice mid office job w/ Citi you tool

28

Posted by Anal_yst , Dec 02, 2008 3:27PM

@ 20/22

Gimme a freaking break you moron. As LA pointed out, no one MADE you sign on the dotted line for the 18-month IO (that's interest only btw) option-ARM jumbo mortgage. Just because you bought the schmuck mortgage broker's pitch hook, line, and sinker that you could just refinance into perpetuity and never have to pay the 25% reset interest rate is no one's fault but your own.

CAVEAT EMPTOR. (and in fairness the same goes for the whiney bondholders that relied on S&P/Moody's instead of doing their own diligence. If it sounds too good to be true, it probably is.)

QED

29

Posted by Lowly Assistant , Dec 02, 2008 3:30PM

Haha! Thanks. Not a minute too late, or she turns into a pumpkin.

30

Posted by guest , Dec 02, 2008 3:43PM

@28, Im sorry, no option-arm for me, your reading comp is terrible.

I get it, so you are smarter than everyone at MS, LEH, UBS, BOFA, CITI, GS, countless hedgies and PE? How come I havent heard of you before? Unless you are Paulson(bot Blad) I suggest you stfu.

31

Posted by Anal_yst , Dec 02, 2008 5:09PM

@ 30

My reading comp is terrible? You're on the wrong website buddy, go back to Dealbook/Deal Journal/Motley Fool/etc.

Idiots like you who blame a massively complex (series of) problem(s) on but 1 cog in the engine have no place here.

Your negligent overgeneralizations, not to mention your blatent anti "wall street" bias betrays your gross ignorance of the situation.

Until you have even the slightest idea what you're talking about (besides what you've seen on the Nightly News at 11), why don't you please, spare us all and follow your own advice and STFU yourself.

32

Posted by guest , Dec 02, 2008 5:30PM

Cody actually makes sense. I've never seen his show, and maybe he gets a bad rap for trying to explain things to people outside of wall st. or whatever, but he's right.

33

Posted by guest , Dec 02, 2008 5:31PM

I made a Black Swan in my underpants after I had the street meat for lunch today. Being

34

Posted by guest , Dec 02, 2008 6:18PM

@19

http://tinyurl.com/6zedum

35

Posted by guest , Dec 02, 2008 8:28PM

@30
It puts the lotion on its skin.


SPODE

36

Posted by Lowly Assistant , Dec 02, 2008 9:18PM

@30/22,

The great irony is the latter part of ML's article, which speaks highly of Eisman and his tremendous ability to remain skeptical when meeting anything "too good to be true" (in this case, the MBS/CDO market, which Anal hints at). Eisman's claim to fame, through all this, remains his decision to ask questions. "How are you gonna fuck me?" "Why are people throwing money at anyone they can?" Although lending practices through 2006 can be seen as "predatory," all parties should take responsibility for their participation. Everyone played the game, the music stopped, and all chairs had been removed without their notice. The world would be much more enjoyable if we could blame our shortcomings on another party.

Regarding attention to detail, maybe you should read the shit you're replying to. No one gives a fuck if you have an ARM or CC. Perhaps you confused YOU with the proverbial YOU. We're taking the general public to point. I'm not one to wish bad times on people, but your bullshit "I print money," "I don't use credit" bullshit is tiring and simply lame at this point. You remind me of a drunken, incoherent Random Banker from DB's earlier days. Trip on a fucking knife, you putz.

37

Posted by Lowly Assistant , Dec 02, 2008 9:20PM

Oh yeah...and it's forever cold in the D.

38

Posted by Anal_yst , Dec 02, 2008 11:01PM

@ Lowly

Fantastic.

39

Posted by guest , Dec 02, 2008 11:12PM

#1 - Sorry that cody and i didn't go to new canaan country day, then to choate, then off to claremont mckenna (after all, it was your right to get to explore the other side of the country), then a summer associate position thanks to daddy.

Some of us make it on merit.


GO LOBOS!

40

Posted by guest , Dec 04, 2008 8:33PM

Sorry fellas, NPH ain't the man...Far, far from it...As a lucky female, I've had the great pleasure of Mr. Willard's company...I hear you #5;0)

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