Even more outrageous, it specifically prohibited Congress from rejecting tax giveaways to Wall Street, as it did last year, by removing all congressional oversight of future bailouts. In fact, the resolution authority proposed by Frank was such a slurpingly obvious blow job of Wall Street that it provoked a revolt among his own committee members, with junior Democrats waging a spirited fight that restored congressional oversight to future bailouts, requires equity for taxpayer money and caps assistance to troubled firms at $150 billion.
Obama’s Big Sell-Out [Rolling Stone]
i could go for a slurpingly obvious blow job right about now.
@1 seconded.
-ping jiang
@1 – I’m sure there are plenty of dudes here who’d be happy to oblige.
Great tags, Bess.
(I bet you get that a lot.)
Yeah; great bags, Tess.
Seriously, what is with the widespread and excessive use of that gesture in finance? Yes, I’ve seen it used to describe a ‘%’ or a ‘spread’ and I can kind of understand its use in that situation but it gets used unnecessarily and excessively.
It’s currently at the top of my pet peeve list…right up there with the use of the word ‘firedrill’ when that was hot (punsville).
/rant
Matt Taibbi is at the top of my pet peeve list; honestly, can anyone read a single word of ignorant prose after his ‘vampire squid’ retardation?
This guy is an idiot. Check out his Wiki…somehow he’s qualified to analyze this stuff? He just writes to all the liberal haters of all things economic. Which is capitalistic in itself — he recognized a niche, and is filling it. How ironic.
“In 1992 Taibbi moved to Uzbekistan, but was forced to leave six months later after writing articles critical of the country’s president, Islom Karimov. Afterwards, Taibbi worked for The Moscow Times as a sports editor, before moving on to work in Russia and Mongolia as a professional athlete and as a correspondent for Montsame, the Mongolian National News Agency.
Taibbi then took a break from journalism and turned to professional sports. He was one of the first Americans to play Russian pro baseball, playing centerfield for Spartak Moscow. While playing professional basketball in Ulan Bator, Mongolia, Taibbi contracted a serious case of pneumonia and returned to Boston for treatment.”
.
WTF? Who does that?
@6/CL its just easier for us finance guys to use that gesture. We can easily go from using it in the office during the day to describe % or spread to using after working hours in night clubs on to show potential hook ups the size of our ding dongs.
@9/NS – I see what you did there, made a left turn there at the end AND managed to make the obvious joke that I can’t believe took 9 posts to make.
Here are your Kudos.
http://www.pgcps.org/~erhs/images/kudos.jpg
@6. Maybe conference call bingo can be adapted…
speaking of dick– WHEN ARE WE GOING TO HEAR ABOUT THE SAC PARTY?
Those tags never get old.
@6,
A few weeks ago I was sitting in a roadshow meeting with a proposed issuer and on behalf of the company management, as usual, throughout the presentation the JPM investment banker repeatedly interjected to answer questions.
In an effort to explain performance and to describe mitigants to various transaction structure/business model/industry risks the IB guy continuously referred to the GFC.
“Oh well remember that in the context of the GFC…”
“During the GFC management has demonstrated…”
“All the Company’s peers have been equally affected by the GFC…”
It was only after the second or third reference that I realized he was speaking about…of course…the global financial crisis.
I wanted to grab him by his Ferragamo tie and slap him silly.
That’s what I would call a win, win, win.
Has anyone brought up how this might affect the ongoing GFC..?? Anyone??
@15 – It will make the GFC worse by (obnoxious/weenie size hand gesture) this much…this is a firedrill that’s far from over.
We’re really going to have to come together, create some synergies, and think outside the box.
@15 and CL -
You really need to sharpen your pencils and revert when you figure out how to move the ball down the field. I’m really axed to get this done, don’t fade it.
@17 any more color on that? Pls advise
@17 any more color on that? Pls advise
then why not run it up the flag pole and circle back to see if we can knock this one over the goal line?
Ignoramuses, all of you! Stop looking at the situation from 30,000ft! Your analyses are very back of the envelope.
I am cautiously optimistic that there are no shortage of finance cliches.
21 wrote that on a bar napkin.
@22. I am constructive as well.
Everyone in the space has skin in the game.
@22/NS it’s not a slam-dunk even getting our arms around the scope of the nomenclature. But as long as you’re hitting your KPIs and there are no show-stoppers lurking among the bushes, you should have some quantifiable measure of confidence that we’ve finally turned a corner in the discovery process, and that’s definitely a win-win.
It’ been a challenging period, but the worst is behind us.
Seems like a come-to-Jesus meeting among the major stakeholders is overdue.
Nice work guys. We need to keep our head on a swivel. We have about 3 hours until we can start drinking and dont want to get caught with our pants down.
Guys, we’re going to have to take this offline so we can get all our ducks in a row.
Boys and girls, we may not have ironed out all the creases yet but I believe we’re all in agreeance at this time juncture that @19 is getting boiled like a frog.
@Naked
I don’t know about your competitive position but I’m facing some serious headwinds on the drinking front, primarily caused by the shots, strippers draining meeting last night.
@anal This isnt the time for excuses were at Defcon 1. Since I have to deal with a prego and a 14 month old my drinking time is getting squeezed harder than those hedgies got squeezed by Porsche.
But have the real money buyers come into the market yet?
@18/19 -
Thanks for reaching out, it’s important that we stay on the same page and read from the same script. After all, what good is to have stolen our competition’s playbook if we can’t execute?
What I was asking for was a best-and-final, given the recent paradigm shift and the significant push-back that’s currently gaining momentum. We need this to be credit-neutral, no need to go for a touchdown when a field goal will do.
Hope that we’ve successfully triangulated the boundaries of the bid-ask here.
-17
@33 it’s substantially all blue money so far.
I think it’s time to open the kimono and loop in the stakeholders.
@32/ NS – gotta drink during working hours. Two margaritas down and I am no longer making much sense, but I’m happy.
Best comments in a long time.
Keep up the good work
@Naked
One (hyphenated) word: Depo-Prevara
@TC
Examine your tolerance.
(then get me a job where drinking margaritas at 3pm is totes acceptable, thanks)
@34- it’s time we put our collective minds together to come up with a workable solution. that said, it is imperative that we avoid group think which tends to reduce quality of the final analysis. now, do have any visibility as to when you will have the report ready?
We’ll need to keep our powder dry if we’re going to shoot the puppy with an impactful magic silver bullet.
We can’t have a sacred cow. There’s only a narrow window dressing of opportunity cost here. If it’s not in our organizational DNA awareness initiative to ramp the red flags up the tallest flagpole in our tent, then someone is going to have to be incented to take ownership as the single pain point of contact for the silo, piggybacking knowledge transfer, visioning the value proposition and whiteboarding the whole enchilada to the the table. It’s a zero-sum game theory that dovetails all the way down the pipeline through every workstream, and if you’re not unpacking a post-mortem then you’re better off sticking to your knitting factory.
this is all well and good. but at the end of the day (and it is); as the relationship manager, I’m really only looking for a tangible work product that addresses the shortcomings of our client’s strategic position in its market (to justify our fees). I don’t want people spinning their wheels all weekend, so run any ideas past me before you start data mining. after-all, there’s no reason to reinvent the wheel.
I think @41 wins it, damn did you pull out every word in the business jargon dictionary?