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i feel for my colleagues who were let go. if i had a choice i would rather we had a reductions in wages or hours across the board. i have no issues with firing people who do a poor job. but layoffs are about economics. i realize it's just business. but it's cold and it's short sighted.
@Nomad, 1:35 though I am not a fan of regulation myself, you can't deny that although regulation didn't prevent LTCM, it helped avert a disaster. it didn't prevent Bear but it did provide peace of mind (i won't even dare use the "r" word because thats pure dog-poo) i agree that regulation isn't a good thing but a safety net is nice to have in times like these
I don't see how this transaction is going to fly. From all the articles it appears the only other bidders were JC Flowers and KKR. I understand BSC has some major liabilities but if I was a shareholder I would not be happy with a closed auction like this. Like one of the other commenters said above, this is probably just a floor. I bet the fed put 'em up to this. LTCM all over again.
that was interesting, thanks, seriously
unless i'm missing something, the market is open today and I don't see Joey W's daily pearl's of wisdom, sup w/that
Jesus is a long-term value investor, not your run-of-the-mill 24% annual return hedgie, get real
Lehman cutting 10% of their bankers, according to the 'berg
A Primer On How The Latest Credit Freeze Got All Frozen
diablo, good CFO article, thank you
someone forgot to carry the 1
its an amusing segment, cut the unshaven hippie some slack
is this dealbreaker.com or hotchickswithdouchebags.com?
and the only thing Canada loves more than Ron Paul? Socialism.
i'm going to confidently say its the latter (betting on winners), can there even be a discussion about this?
gunner, great article
12:18, haha
Ron Paul would reduce the CFTC's budget by $130M USD
Carney, this post has Bess written all over it, come on now
at least they're not as dumb as the strippers so...yea, high five
giving lil jon a run for his money... http://flavorphoto.com/blog/wp-content/photos/liljohnhighschoolpic.jpg
"I heard spring break in Pakistan is the shit." the bitches are easier in afghanistan