• 01 Dec 2008 at 6:20 PM

Write-Offs: 12.01.08

By Bess Levin

$$$ Trustee alleges brokers bribed Sentinel manager [Fortune]
$$$ How Congress Will Kill Detroit [Deal Journal]
$$$ Deadline extended for rival Neuberger bids [Reuters]
$$$ Squeeze the Banker [STB]
$$$ Kudlow on the Recession [CWS]
$$$ Apply for a Federal Bailout! [VF]

Comments (18)

  1. 1
    Posted by guest | December 1, 2008 at 6:26 PM

    Fuck first, we’re fucked.
    SPODE

  2. 2
    Posted by trojan | December 1, 2008 at 7:17 PM

    rose bowl baby

  3. 3
    Posted by Lowly Assistant | December 1, 2008 at 7:24 PM

    It’s so cold in Detroit.
    http://www.youtube.com/watch?v=aktLRiWXfqg&feature=related

  4. 4
    Posted by guest | December 1, 2008 at 8:04 PM

    Thanks for the bailout form Bess. I’d been searching everywhere for it but it never turned up.

  5. 5
    Posted by guest | December 1, 2008 at 8:13 PM

    Thanks LowA, I needed that.
    SPODE

  6. 6
    Posted by guest | December 1, 2008 at 8:31 PM

    Glenn Dubin kind of looks like a douche. Anyone know his personal demeanor?

  7. 7
    Posted by guest | December 1, 2008 at 9:28 PM

    “The financial sector itself has been building for many decades into the largest single element of the American economy. We have moved to a world where far too many of us seemingly no longer make anything; we’re merely trading pieces of paper, swapping stocks and bonds back and forth with one another, and paying our financial croupiers a veritable fortune. In the process, we have inevitably added even more costs by creating ever more complex financial derivatives, in which huge and unfathomable risks have been built into the financial system.” – John Bogle, Vanguard Founder.
    http://information-security-resources.com/2008/12/01/the-financial-industry-takes-too-much-gives-too-little-bakes-unknown-liability-into-the-system/

  8. 8
    Posted by guest | December 1, 2008 at 9:31 PM

    Whoa, even that Bogle thinks it’s all a write-off. Any good news out there today?

  9. 9
    Posted by Seaman Bodine | December 1, 2008 at 10:08 PM

    Anybody else think it’s pretty ironic that the grand poohbah of index investing is irritated at the concept of “trading pieces of paper”.
    Hey old fuck, all you’re doing is saying all pieces of paper are fucking the same, or even worse, all pieces of paper are so complicated that you can’t pick out the winners.
    Go fuck yourself you HIV infected variant of Wilford Brimley. Stick some quaker oats up your ass.

  10. 10
    Posted by guest | December 1, 2008 at 10:08 PM

    has LArry Kudlow ever been right about anything?

  11. 11
    Posted by guest | December 1, 2008 at 10:11 PM

    Hey Bess,
    Slow news day today

  12. 12
    Posted by Anal_yst | December 1, 2008 at 11:22 PM

    A few random, rambling thoughts:
    1. USC/Penn State should be an interesting Rose Bowl. As long as USC doesn’t blow it @ UCLA, that is.
    2. Big 12 south, what a mess, oye!
    3. Larry Kudlow, jesus fucking hell. I wonder what he’s snorting/smoking the past few years, it must be fucking incredible for him to be so fantastically wrong so often.
    4. Anyone in NYC or North Jersey play squash or know if there’s any corporate leagues like they have for lacrosse, etc?

  13. 13
    Posted by guest | December 2, 2008 at 12:54 AM

    Music to my ears:
    http://online.wsj.com/article/SB122818833059071519.html

  14. 14
    Posted by guest | December 2, 2008 at 2:16 AM

    recession over? SOLD

  15. 15
    Posted by guest | December 2, 2008 at 3:07 AM

    Credit Suisse to cut 650 investment banking jobs.

  16. 16
    Posted by guest | December 2, 2008 at 5:24 AM

    @13
    why dont you go fingerbank meredith whitney you underperforming loser fucktard.

  17. 17
    Posted by guest | December 2, 2008 at 7:39 AM

    http://mcsweeneys.net/2008/11/20tucker.html

  18. 18
    Posted by guest | December 2, 2008 at 1:55 PM

    KUDLOW AND BEA FULL OF SHIT
    DEFINITION 2 CONSECUTIVE DECREASES IN GDP
    3Q 2007 + 4.9 (from 2Q)
    4q 2007 + 0.6 (from 3Q)
    1Q 2008 + 1.0 (from 4Q)
    2Q 2008 + 2.8 (from 1Q)
    3Q 2008 – 2.8 (Preliminary, only)
    1 REAL DECLINE; POSTED BEFORE FINAL RELEASES
    TRUTH: ECONOMISTS ARE SENILE OR ON THE TAKE; SO IS KUDLOW

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