Special Report: Phil Falcone’s Riskiest Trade? (Reuters)
In an email exchange with a Reuters reporter, Falcone suggested that even a bankrupt TerreStar might be worth between $1.5 and $2 billion because of the value of its spectrum license. Using those rough figures, Falcone would appear to be valuing LightSquared at a minimum of between $3 billion and $5 billion based solely on the size of its transmission spectrum — which is twice that of TerreStar’s. When asked whether a $3 billion to $5 billion valuation figure for LightSquared based on it spectrum assets is appropriate, Falcone responded in an email: “I’ve been offered more but u r getting warm.” He didn’t elaborate but in another email he implored: “Do the math.”
Roubini: Chance Of A Double Dip Now Over 40% (CNBC)
“In the short run we may end up like Japan,” Dr. Doom said.
Ireland’s `Vicious Circle’ Leaves Banks Facing Higher Debt Cost (Bloomberg)
Standard & Poor’s this week cut the country’s credit rating to AA-, the lowest since 1995, just as 30 billion euros ($37.9 billion) of government-guaranteed bank debt is due to roll over. Lenders may have to turn to the European Central Bank, said Alan McQuaid, chief economist at Bloxham Stockbrokers in Dublin. “The timing is awful,” McQuaid said. “If the banks can’t refinance, then they become more reliant on the ECB, which hurts the perception of Ireland, which in turn drives sovereign spreads wider. It becomes a vicious circle.”
Santander Suspends Analyst Charged by S.E.C. (Dealbook)
Juan Jose Fernandez Garcia, a senior analyst of equity derivatives based in Madrid, was charged by the S.E.C. of buying “hundreds of ‘out-of-the-money’ call option contracts for stock in Potash” in the run-up to BHP announcing its offer.
UK bank accounting rules ‘fatally flawed’, warns influential watchdog (Telegraph)
While reviewing the proposed expansion of the International Financial Reporting Standards for accounting, Tim Bush, a member of the “Urgent Issues Task Force” that scrutinises the work of the Accounting Standards Board (ASB), claims to have uncovered “fatal” and “dangerous” flaws in the system.
Tiger, Elin Open Up About Sex Scandal and Golf (AP)
Woods admitted to reporters at a New Jersey tournament that he has had difficulty focusing on his game amid the dissolution of his marriage to Nordegren. “As far as my game and practicing, that’s been secondary,” Woods told reporters at The Barclays Golf Tournament, held at the Ridgewood Country Club in Paramus, New Jersey. “I came back as part of my job…coming back and playing golf had nothing to do with our decision to move our separate ways.”
FIRST!
Test
Would accountants STFU & GTFO
Bess -
Thank your IT guys for me. Web traffic at BI is up 40% since your guys totally screwed this site. Owe you one!!
Henry
Dear Nouriel,
Please shut your fucking mouth.
Signed,
Everyone
Roubini – chances are not expressed in percentages you double dipshit
ps- this comment system sucks donkeyballs
herrrooooo
She looks so Piper Jaffray-ish in that melted oreo ice cream.
Why anybody cares what Roubini thinks is beyond me
That’s like putting your whole mouth right in the dip! From now on, when you take a chip – just take one dip and end it!
OK guys and gals, methinks that’s enough of the “this new comment system sucks.” It is unlikely to change anytime soon no matter how much we all whine like little bitches. So, everyone, woman up and get back to the funny. Who’s with me?
if DISQUS were a stock, I’d short it.
short disqus, long Bonobos
Let’s see how quickly we can post comments now…
You make me hot. Chicago Chick, you and me, 3-some tonight?
Why is there no ‘dislike’ button?
is double dipping allowed?
Posting is quick where I am.
Some questions for you:
Were we separated-at-birth twins? How else do you explain why we have the same photo?
And why do I look like a guy?
You are posting comments too quickly. Please slow down. Squesk.
Can they at least add the numbering system back?
For sure. What time? And where?
Taxchick–rather have my ratio flipped thankyouverymuch. But was nice of you to ask!
There is a 80% chance this comment format will make me disown this site after a long, satisfying readership.
I think I love you. Tax_Chick, Chicago Chick, you and I, 4-some tonight?
second
mmmmm, no it won’t.
the_show, I happen to follow Nouriel’s “vagina cast” market commentary very closely..
This new system was designed by Cody Willard.
-Matt Taibbi; IT Alpha Reporter
That’s like putting your whole mouth right in the dip! From now on, when you take a chip – just take one dip and end it!
Ah, already have impostors, even with Disqus, cute!
It was funny the first time it was posted, too.
In the short run we may end up like Japan
Kenny Blankenship to replace Charlie Gasparino. Other than that, I have no further concerns
You would think that a Ph.D would do a better job at insider trading.
do you really have to ask that question?
but how do we know you know who the real anal_yst is? you know, like that movie with arnold?
New comment system sucks ass
Go away little boy. It’s girls only (plus the Fo’real Anal_yst because he’s gay)
STFU on the new comments system for God’s sake. Will someone please put either (a) a gag or (b) a chastity belt on Roubini? should have the same effect
Why does Bess get a star?
@Ham
I am the real-deal. You’ll notice the comment history for the other(s) are very short.
DISQ YOU!
So anyways I just got forwarded this porn this morning where the character was a trader in which every time she lost money on a trade she had to suck her bosses dick to get more cash into her prop trading account. At the end she bet all her entire firms money on some oil futures and lost so she got gang banged by the whole floor. I suppose that might be some symbolism into today’s crazy trading environment.
In other words, you can ID the real Anal_yst by the idiocy of his posts…
force em is right Anal_ giggle
disqus?
Bessar, I will always love you, no matter what occurs. Just stay alive, no matter what it takes, I will find you.
The Last of the Bonobos
I didn’t realize SAC let people film their trading floor, especially during market hours.
Is this the real Bessar Levin? For reals? For real for reals?
For reals reals. And jos.a.bankhard isn’t going anywhere.
Yes you silly old ham. How else will I know where to meet Tax_Chick?
Agreed.
Agreed.
Fucking accountants designed DISQUS….
if it aint broke dont fix it come on bess
Look, I’m sure that whomever invented the fabulous new DISQUS system is (a) a very nice person; (b) somebody’s nephew; (c) from a disadvantaged background; (d) handicapped, or whatever. But we need the damn comment #s.
Meet me at Minetta Tavern. I’ll be the one wearing grey slacks and a dark blue polo oxford. You’ll know it’s me because you’ll be able to tell by the look on my face that i’m very ready for a threesome. please disregard the penis.
Exactly.
tax knows whats up
That mean we get to get drunk every night and go to “love hotels” for an hour or so during the trading day?
Actually, it was “broke.” The commenting system was part of the reason for the constant crashes and apparently the new system will alleviate much of that. Also? I don’t make the decisions re: tech stuff so you can direct the bitching elsewhere.
Hank Harhar Unruh I believe you mean whoever.
Uh, yeah. Because it’s working so much better now
Tax_Chick: So sorry to stand you up but I had to work this afternoon Raincheck?
PS I have a penis too. Oh what fun we will have.
LMF is one weird looking bitch…
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