Occupy Hooters....we are the 99%!
- Self-sufficient individualist that prefers his protesting to be done in a climate-controlled structure outfitted with a grill, a wet bar and proper plumbing.
Hypothesis: Higher voter turnout results in worse Presidents being elected via the watering down of our electorate.
In this most recent election, the rational and engaged portion of the electorate was diluted to the point of being inconsequential by a strong turnout of tree huggers, Jesus freaks, white supremacists, abortion crazies (anti and pro), women voting solely based on whether a female is on the ticket, minorities voting solely based on whether a minority is on the ticket, rednecks, and howl-at-the-moon lazy asses looking for a handout.
While everyone is entitled to vote their conscience, our nation is better served by a more engaged, smaller, and more well-informed electorate that vote based on a thoughtful consideration of the serious issues facing our nation.
I'm a Republican and I'm embarrassed by how many fellow Republicans (especially from the south) still think Obama is a terror-loving Muslim fundamentalist and/or haven't even a cursory familiarity with any issues other than abortion and/or gay marriage.
I'm from Ohio and I'm embarrassed by how many fellow Ohioans are against free trade because their union stewards told them it's the way to go...but then shop at Wal-Mart (notorious for closing store rather than allowing them to unionize) because shits cheaper there (even though most all of it comes from the very same Chinese factories that are allegedly "stealing" their jobs).
The candidates and office holders are only as good as the people that show up on Election Day.
Discuss.
HH
First.
Regardless...Buffet still has his shit together which is more than can be said for most of the street's big shooters.
$50 shake shack gift card says he's more likely to provide the additional information on his derivatives than Vik is to provide a coherent plan on how he's gonna pull Citi out of the ditch (long term) even with the latest taxpayer handout.
What a considerat chum...didn't even contribute to an unemployment uptick while simultaneously creating another job opening for some of New York's newly unemployed.
Sad fact is that Wall Street has been oversubscribed for quite a long time. Only those that can't see the forest through the trees are so shocked that "headcount reductions" are coming to a theater near you. Even prior to the cat (fucked valuations, instuments so complicated the people originating them don't understand them let alone the tools marketing them) escaping the bag (the Wall Street gangbang culture in which nobody asks any questions so long as the party's still going) it was apparent this ship had taken on too much weight.
It's mildy entertaining to see how many posters are pissed at Vik for being as greedy and self-serving as the rest of the street. HE PROFITED AT THE EXPENSE OF OTHERS...GASP! Oh the humanity! I suppose the gangbang isn't as much fun when you're the one that's being passed around. Welcome to the other side of capitalism. Be sure and thank those of us that are providing the $700B worth of lube (from our collective paychecks) for making your transitions a little less painful than it would be otherwise.
Get down,
HH
@ 8
You can repost the same thing at five minute intervals for the rest of your life and it sill won't make your comments insightful to anyone with even a cursory familiarity with Citi's situation.
C's Town Hall = A glorified pep rally not unlike those that used to be held for my high school football team which, coincidentally, was also a perpetual loser.
Get down,
HH
@ 52, 55, 57, 60
Could we turn down the righteous indignation for Christ's sake?
You presumably work on Wall Street so quit bloviating about ethics. I laughed so hard that my Sprite came out of my nose until I realized you two (or possibly TGFD arguing with himself again through proxy handles and guest users) were serious. Then I almost tossed my fucking lunch.
Remember not ten years ago when analyst pay was (overtly) contingent upon the success of the analyst's firm in putting together deals for the covered entity? Wonder why analyst ratings have such bias towards going long.
Almost hard to believe (but not really) that they failed miserably regarding their assessment of securitized mortgage assets. For its part, Wall Street was some combination of too stupid to know better (unlikely) or too greedy (this horse is favored like 800 to 1) to exhibit any semblance of collective self-restraint insomuch as everyone thought you wouldn’t get caught holding the bag . Bottom line: you work on the street so it's been fuck or walk for as long as the music was playing. Spare us the ethics lecture now that it's stopped.
@ 69 - Whatever it takes to get your mind right for your regularly scheduled 2:00 bathroom stall spunk session. Eventually though, when the internet porn looses its luster, you've got to ask yourself if all women REALLY are "lesbos" or if just maybe your approach is lacking something.
Get down,
HH
@9
So the "big three" are then stuck with a situation where the supply of the vehicles they've produced (might as well build them if your entire fucking cost structure is fixed thanks to the UAW) far outstrips the demand from the consumers. What to do? Take a Ford F-150 that should sell for about $24K (when compared to similar foreign product) and slap a $30K sticker price on it thereby enabling you to offer a $10K rebate in hopes that mindless, undereducated consumers will say "33% off! wow! I'm buying" because common knowledge is that Americans will buy dirty diapers if you just put them on "sale". Unintended consequences include:
- Fire sale pricing (buy one get one free, buy an Explorer at sticker and get a free Focus, 33% off, employee pricing for everyone including your dog etc.) creates a perception of undesirability and poor quality that is compounded by any actual quality issues (again, I tip my hat to fat, lazy, undereducated and overpaid union workers).
- This perception, in turn, decreases demand further...resulting in the declining market share and lack of profitability we're currently witnessing with domestic automotive manufacturers
Fortunately help is on the way. Since the Democrats have never met a labor union they didn't like, and they need that component of the electorate like a diabetic needs insulin....we'll no doubt soon see the "big three" (a twenty pound semi-retarded host animal) and consequentially the UAW (7000 pound mulit-headed, blood sucking parasite that would sooner kill said host than go on a diet) nursing at the teet of the federal government (the 20,000 pound parasite attached to virtually every pay check of anyone that's remotely productive). As part of the 60% of the electorate that actually pays taxes, I'm comforted to know my money will be hard at work to keep the UAW from working hard.
@8 Virgil,
While I don't doubt your commitment to your views:
Paragraph 3, line 2..than not "then"
Paragraph 3, line 3..tear not "yearn"
Paragraph 3, line 4..Americans not "American's"
Paragraph 4, line 1..affecting not "effecting"
Paragraph 6, line 2..ones not "one's"
Paragrph 5, first word..There not "Their"
Paragraph 6, line 1..world's not "worlds"
Paragraph 7, line 3..like-minded not "like minded"
Paragraph 8, line 1,.."home towns where you grew up from" is a redundant train wreck of words
The current macroeconomic situation is extraordinarily complex. While I'm sure you were well intentioned, nobody here will take you seriously when you misspell every third word of your post. If you're concerned that America is losing its competitive advantage, then I'd suggest that you focus more on bettering your own individual situation (maybe start off with some remedial English or Writing courses) and leave the macroeconomic solutions to those individuals that can find their respective asses with both hands.
Maybe we're losing the respect of other countries because our high schools continue to graduate people that can't spell and haven't even a cursory familiarity with the rules of proper grammar. Considering that Treasury Secretary Paulson and Federal Reserve Chairman Bernanke are currently struggling with the complexity of this mess, I'd venture that you’re better off over in the shallow end of the pool on this one.
I'm going to stop now because I feel like I'm picking on one of those kids that you're not supposed to pick on.
Get down,
HH
Check out the series of editorials that IBD has been running. Amazingly, (no so much) the mainstream media is less interested in Senator Obama having spent the majority of his life nursing at the tits of a wide ranging variety of assorted pinkos, radicalists, and even communists. Hard to believe CNN (the Communist News Network)
Seriously, check out the link. I hadn't hear about a third of this infomration until I began reading and then fact checking some of these editorials.
http://www.ibdeditorials.com/IBDArticles.aspx?id=302137342405551
@25 Actually it shoudl be "steal" not "steel" (because you haven't passed fourth-grade yet).
In what one can only hope is your monumental grand finale of stupidity, you've corrected a verb tense error with spelling mistake. Congratulations on that.
@4 I'm quite certain that the phrase you were so blindly grabbing for was "goody two shoes" Tushu sounds like something you'd get at a sushi bar in the wrong part of town.
And in other breaking news...the quality of the comment threads on Dealbreaker set a new low today as the above exchange between SPODE and the ever-popular guest user feature creates a black hole of stupidity so dense it absorbs 15 minutes of time from otherwise productive employees that happen upon it (as they sit an re-read the postings in awe of the vapid douchebaggery presented before them).
@ 1-4 (yeah..this is gonna be a multi-spanking) Almost hard to beleive the market is so fucked up with thoughtful and insightful folks such as yourselves on the job.
Collectibles always trade higher posthumously off the bounce from the increased publicity. In this case, depending on the results of the biopsy, Bella's ID could receive a double bounce (death of Lehman & Bella?). Might want to hold the ID card in speculation?
I second 20's idea of setting up a fund to purchase Christmas presents for low-paid Lehman admins that got shafted by association.
A bunch of overleveraged dub street wannabes and has-beens (for which a big night out entails a place with bottle service "crushing" Red Bulls with Grey Goose) are critiquing and second guessing a letter from arguably the most successful investor of our time? Really? Grey Goose? With Red Bull?
That’s rich. Yeah, I agree. This Buffet character certainly doesn’t seem to know his shit. Just look at his pathetic track record.
I’ve hung out with a good deal of wall streeters and they’re often worse than economists in terms of their capacity for bullshit. They talk and talk and talk. I’ve never seen such hostile and wide-ranging disagreements, yet nobody in the room is ever the least bit afflicted by a sense of doubt.
I built a model. It predicts that about 30% of the people employed on Wall Street as of Q2 were engaged in unsustainable, non-value producing activity. In vain attempts to justify the existence of their jobs they’ve continually creating investment vehicles that are so complicated that nobody has the faintest idea how to value them. How many people are employed to facilitate and cover the exchange of millions of shares of a given issue each day even though nothing in the fundamentals of the underlying company has changed to an even remotely material degree? Everyday thousands of people pour over every last piece of news justifying and rationalizing why this stock or that one moved a half-percent one way or another. The S&P closed down 12 points today on weak (never mind inaccurate) employment numbers and fears of civil unrest in South Africa? WTF? Reminds me of when BBC unknowingly reported the previous day’s close on Thanksgiving (when the NYSE wasn’t even open) and amazingly still had explanations for what drove the day’s activity!!
It appears the party’s winding down. It’s time for everyone to pull up their panties, feel around for their self respect, take a swig of mouthwash, and head for the door. I hold degrees in finance, economics, and accounting and understand that Wall Street has value in facilitating liquidity, and providing a venue through which risk may be diversified. I don’t understand the value in equity analysts with shit track records. I don’t need someone to tell me which horse to bet on five minutes after the race was run, even if they weren’t wrong 40% of the time. Retail investment is 90% sales and 10% analysis. The SEC lacks both balls and teeth. Most i-bank trading departments contribute more to the volatility of the markets than they do to the profitability of their firms. Corporate America spends as much time putting on dog and pony shows for Wall Street as they do managing their businesses. Personally, I get a boner just imagining the number of hours (weeks, years, etc.) some of you have spent window dressing the corpse!
When the number of people aboard a boat outstrips the number of paddles the boat stops moving. When additional unproductive people climb aboard the boat begins to take on water. Eventually the people with the paddles chase off the slackers and the boat proceeds along its course. Right now the water’s a little choppy and Wall Street is simply witnessing a lot of slackers and stow-a-ways leaping off the bow…‘twas ever thus. My question is this: are you holding a life vest or a paddle?
Get down,
HH
Occupy Hooters....we are the 99%! - Self-sufficient individualist that prefers his protesting to be done in a climate-controlled structure outfitted with a grill, a wet bar and proper plumbing.
Hypothesis: Higher voter turnout results in worse Presidents being elected via the watering down of our electorate. In this most recent election, the rational and engaged portion of the electorate was diluted to the point of being inconsequential by a strong turnout of tree huggers, Jesus freaks, white supremacists, abortion crazies (anti and pro), women voting solely based on whether a female is on the ticket, minorities voting solely based on whether a minority is on the ticket, rednecks, and howl-at-the-moon lazy asses looking for a handout. While everyone is entitled to vote their conscience, our nation is better served by a more engaged, smaller, and more well-informed electorate that vote based on a thoughtful consideration of the serious issues facing our nation. I'm a Republican and I'm embarrassed by how many fellow Republicans (especially from the south) still think Obama is a terror-loving Muslim fundamentalist and/or haven't even a cursory familiarity with any issues other than abortion and/or gay marriage. I'm from Ohio and I'm embarrassed by how many fellow Ohioans are against free trade because their union stewards told them it's the way to go...but then shop at Wal-Mart (notorious for closing store rather than allowing them to unionize) because shits cheaper there (even though most all of it comes from the very same Chinese factories that are allegedly "stealing" their jobs). The candidates and office holders are only as good as the people that show up on Election Day. Discuss. HH
....former governor got off once again.... Bess - you sure know how to pull my strings. Bravo!
First. Regardless...Buffet still has his shit together which is more than can be said for most of the street's big shooters. $50 shake shack gift card says he's more likely to provide the additional information on his derivatives than Vik is to provide a coherent plan on how he's gonna pull Citi out of the ditch (long term) even with the latest taxpayer handout.
First blocker.
What a considerat chum...didn't even contribute to an unemployment uptick while simultaneously creating another job opening for some of New York's newly unemployed.
Sad fact is that Wall Street has been oversubscribed for quite a long time. Only those that can't see the forest through the trees are so shocked that "headcount reductions" are coming to a theater near you. Even prior to the cat (fucked valuations, instuments so complicated the people originating them don't understand them let alone the tools marketing them) escaping the bag (the Wall Street gangbang culture in which nobody asks any questions so long as the party's still going) it was apparent this ship had taken on too much weight. It's mildy entertaining to see how many posters are pissed at Vik for being as greedy and self-serving as the rest of the street. HE PROFITED AT THE EXPENSE OF OTHERS...GASP! Oh the humanity! I suppose the gangbang isn't as much fun when you're the one that's being passed around. Welcome to the other side of capitalism. Be sure and thank those of us that are providing the $700B worth of lube (from our collective paychecks) for making your transitions a little less painful than it would be otherwise. Get down, HH
@ 8 You can repost the same thing at five minute intervals for the rest of your life and it sill won't make your comments insightful to anyone with even a cursory familiarity with Citi's situation. C's Town Hall = A glorified pep rally not unlike those that used to be held for my high school football team which, coincidentally, was also a perpetual loser. Get down, HH
@ 52, 55, 57, 60 Could we turn down the righteous indignation for Christ's sake? You presumably work on Wall Street so quit bloviating about ethics. I laughed so hard that my Sprite came out of my nose until I realized you two (or possibly TGFD arguing with himself again through proxy handles and guest users) were serious. Then I almost tossed my fucking lunch. Remember not ten years ago when analyst pay was (overtly) contingent upon the success of the analyst's firm in putting together deals for the covered entity? Wonder why analyst ratings have such bias towards going long. Almost hard to believe (but not really) that they failed miserably regarding their assessment of securitized mortgage assets. For its part, Wall Street was some combination of too stupid to know better (unlikely) or too greedy (this horse is favored like 800 to 1) to exhibit any semblance of collective self-restraint insomuch as everyone thought you wouldn’t get caught holding the bag . Bottom line: you work on the street so it's been fuck or walk for as long as the music was playing. Spare us the ethics lecture now that it's stopped. @ 69 - Whatever it takes to get your mind right for your regularly scheduled 2:00 bathroom stall spunk session. Eventually though, when the internet porn looses its luster, you've got to ask yourself if all women REALLY are "lesbos" or if just maybe your approach is lacking something. Get down, HH
First blocker
@9 So the "big three" are then stuck with a situation where the supply of the vehicles they've produced (might as well build them if your entire fucking cost structure is fixed thanks to the UAW) far outstrips the demand from the consumers. What to do? Take a Ford F-150 that should sell for about $24K (when compared to similar foreign product) and slap a $30K sticker price on it thereby enabling you to offer a $10K rebate in hopes that mindless, undereducated consumers will say "33% off! wow! I'm buying" because common knowledge is that Americans will buy dirty diapers if you just put them on "sale". Unintended consequences include: - Fire sale pricing (buy one get one free, buy an Explorer at sticker and get a free Focus, 33% off, employee pricing for everyone including your dog etc.) creates a perception of undesirability and poor quality that is compounded by any actual quality issues (again, I tip my hat to fat, lazy, undereducated and overpaid union workers). - This perception, in turn, decreases demand further...resulting in the declining market share and lack of profitability we're currently witnessing with domestic automotive manufacturers Fortunately help is on the way. Since the Democrats have never met a labor union they didn't like, and they need that component of the electorate like a diabetic needs insulin....we'll no doubt soon see the "big three" (a twenty pound semi-retarded host animal) and consequentially the UAW (7000 pound mulit-headed, blood sucking parasite that would sooner kill said host than go on a diet) nursing at the teet of the federal government (the 20,000 pound parasite attached to virtually every pay check of anyone that's remotely productive). As part of the 60% of the electorate that actually pays taxes, I'm comforted to know my money will be hard at work to keep the UAW from working hard.
@8 Virgil, While I don't doubt your commitment to your views: Paragraph 3, line 2..than not "then" Paragraph 3, line 3..tear not "yearn" Paragraph 3, line 4..Americans not "American's" Paragraph 4, line 1..affecting not "effecting" Paragraph 6, line 2..ones not "one's" Paragrph 5, first word..There not "Their" Paragraph 6, line 1..world's not "worlds" Paragraph 7, line 3..like-minded not "like minded" Paragraph 8, line 1,.."home towns where you grew up from" is a redundant train wreck of words The current macroeconomic situation is extraordinarily complex. While I'm sure you were well intentioned, nobody here will take you seriously when you misspell every third word of your post. If you're concerned that America is losing its competitive advantage, then I'd suggest that you focus more on bettering your own individual situation (maybe start off with some remedial English or Writing courses) and leave the macroeconomic solutions to those individuals that can find their respective asses with both hands. Maybe we're losing the respect of other countries because our high schools continue to graduate people that can't spell and haven't even a cursory familiarity with the rules of proper grammar. Considering that Treasury Secretary Paulson and Federal Reserve Chairman Bernanke are currently struggling with the complexity of this mess, I'd venture that you’re better off over in the shallow end of the pool on this one. I'm going to stop now because I feel like I'm picking on one of those kids that you're not supposed to pick on. Get down, HH
@7 Nicely played.
Check out the series of editorials that IBD has been running. Amazingly, (no so much) the mainstream media is less interested in Senator Obama having spent the majority of his life nursing at the tits of a wide ranging variety of assorted pinkos, radicalists, and even communists. Hard to believe CNN (the Communist News Network) Seriously, check out the link. I hadn't hear about a third of this infomration until I began reading and then fact checking some of these editorials. http://www.ibdeditorials.com/IBDArticles.aspx?id=302137342405551
@25 Actually it shoudl be "steal" not "steel" (because you haven't passed fourth-grade yet). In what one can only hope is your monumental grand finale of stupidity, you've corrected a verb tense error with spelling mistake. Congratulations on that.
...with back up dancers... Nicely done Bess.
@4 I'm quite certain that the phrase you were so blindly grabbing for was "goody two shoes" Tushu sounds like something you'd get at a sushi bar in the wrong part of town.
And in other breaking news...the quality of the comment threads on Dealbreaker set a new low today as the above exchange between SPODE and the ever-popular guest user feature creates a black hole of stupidity so dense it absorbs 15 minutes of time from otherwise productive employees that happen upon it (as they sit an re-read the postings in awe of the vapid douchebaggery presented before them). @ 1-4 (yeah..this is gonna be a multi-spanking) Almost hard to beleive the market is so fucked up with thoughtful and insightful folks such as yourselves on the job.
Collectibles always trade higher posthumously off the bounce from the increased publicity. In this case, depending on the results of the biopsy, Bella's ID could receive a double bounce (death of Lehman & Bella?). Might want to hold the ID card in speculation? I second 20's idea of setting up a fund to purchase Christmas presents for low-paid Lehman admins that got shafted by association.
A bunch of overleveraged dub street wannabes and has-beens (for which a big night out entails a place with bottle service "crushing" Red Bulls with Grey Goose) are critiquing and second guessing a letter from arguably the most successful investor of our time? Really? Grey Goose? With Red Bull? That’s rich. Yeah, I agree. This Buffet character certainly doesn’t seem to know his shit. Just look at his pathetic track record. I’ve hung out with a good deal of wall streeters and they’re often worse than economists in terms of their capacity for bullshit. They talk and talk and talk. I’ve never seen such hostile and wide-ranging disagreements, yet nobody in the room is ever the least bit afflicted by a sense of doubt. I built a model. It predicts that about 30% of the people employed on Wall Street as of Q2 were engaged in unsustainable, non-value producing activity. In vain attempts to justify the existence of their jobs they’ve continually creating investment vehicles that are so complicated that nobody has the faintest idea how to value them. How many people are employed to facilitate and cover the exchange of millions of shares of a given issue each day even though nothing in the fundamentals of the underlying company has changed to an even remotely material degree? Everyday thousands of people pour over every last piece of news justifying and rationalizing why this stock or that one moved a half-percent one way or another. The S&P closed down 12 points today on weak (never mind inaccurate) employment numbers and fears of civil unrest in South Africa? WTF? Reminds me of when BBC unknowingly reported the previous day’s close on Thanksgiving (when the NYSE wasn’t even open) and amazingly still had explanations for what drove the day’s activity!! It appears the party’s winding down. It’s time for everyone to pull up their panties, feel around for their self respect, take a swig of mouthwash, and head for the door. I hold degrees in finance, economics, and accounting and understand that Wall Street has value in facilitating liquidity, and providing a venue through which risk may be diversified. I don’t understand the value in equity analysts with shit track records. I don’t need someone to tell me which horse to bet on five minutes after the race was run, even if they weren’t wrong 40% of the time. Retail investment is 90% sales and 10% analysis. The SEC lacks both balls and teeth. Most i-bank trading departments contribute more to the volatility of the markets than they do to the profitability of their firms. Corporate America spends as much time putting on dog and pony shows for Wall Street as they do managing their businesses. Personally, I get a boner just imagining the number of hours (weeks, years, etc.) some of you have spent window dressing the corpse! When the number of people aboard a boat outstrips the number of paddles the boat stops moving. When additional unproductive people climb aboard the boat begins to take on water. Eventually the people with the paddles chase off the slackers and the boat proceeds along its course. Right now the water’s a little choppy and Wall Street is simply witnessing a lot of slackers and stow-a-ways leaping off the bow…‘twas ever thus. My question is this: are you holding a life vest or a paddle? Get down, HH