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@5- if another idiot on here calls a fraternity a frat.... Obviously you were not in one. Would you call your country a cun+? As to the tool at Wachovia, good on ya. Sure you're impressing the heck out of your peers and desk heads. Early Dec '09 conversation on comp., desk head and unit head: "Trader Vinny. Ok year... hey, remember when he ate the cat food?" "Dope, dock that square toe shoe-wearing guinea 25% from his bonus..."
wow- 38, good call. My name's Walter; I'll feed you the dough if you manage it.
Take your profits, look at the #s coming up the next few days. And then "cram-down" gets some traction, GE gets downgraded, C breaks $1, dismal earnings, more dividend cuts, etc., and 2 or 3 geo-political tinderboxes that catch a spark and you have the spx trading sub-500 in no time.
cy @73- DC only attracts the best and brightest when ones' liberties and or literal survival are at risk. For 2-3 generations the smartest conservatives and Republicans have been in private enterprise. But since we've had decades of prosperity and few threats to our lifestyles, there's been little incentive to take a stand and/or serve. Think of what a Washington, Hamilton, Jefferson, Adams thought when their liberties were threatened. They fought and lead. Pearl Harbor shook up citizens from '30s isolationism and they fought & lead. My grandfather was a top NYC banker but for most of '42 he took the train to DC a few days week to help develop the war bond programs. Will current economic state lead the brightest to fight & lead? Taxes were high in mid '50s but the economy prospered, high again in the 70s then double whammy of taxes and inflation in later 70s which ushered in Reagan. But were any of these times so dire that the best fought & lead. Unfortunately the only way that the "system" will change is through major calamity, ie terrorist nuke strike, civil war.
Irony here is that the Benson gallery was torn down to make way for the new HQ of... Farrell Builders who've put up so many of the houses over the past 5-6yrs.
Why does DB continue to waste time & content focusing on this guy? Every day there are inane posts about him; who cares?
22- no kidding, Mangia Wall St's closed? Found there was health violations at the one on E. 48th. Enjoy this w/your lunch:http://nyc.everyblock.com/restaurant-inspections/by-date/2008/12/30/1913959/
@62- Downfall started when Prince became CEO- a damn attorney. And he brought in Kaden and all those other legalese top-heavy, non-cap mkts types. Even Crittenden: Amex, Monsanto & Sears, he's a retail hack. Mind you, Dimon knows his stuff but was never a trader/structurer, also went the CFO route.
Btwn the first MS piece (shame that had to disappear) and the Dupre/Sawyer dialogue, it's been so much fun reading DB today that I had to register. Bes- what are your hits like today. Re: MS, have a few friends there. Been afraid to reach them but on Bbrg saw that one is no longer logged in and another went "yellow" a few hours ago....