Johnny Debacle

Recent Comments

  1. 1
    Posted 2008-04-07 22:03:55 on Write-Offs: 04.07.08

    Cody Willard's blog is spamming comments across every site. Is that about as low as someone on Tv can get? Some schlep working for you spamming for traffic for your blog, while DB probably has more readers than FBN has viewers....

  2. 2
    Posted 2008-04-04 15:55:43 on Non-Disclosure Cat Fight

    Short seller manipulation my ass. More like insiders trading on what they knew. Schwartz went to BB on Thurs night. Like ppl didn't know.

  3. 3
    Posted 2008-04-03 17:02:26 on Sausages and Laws

    Where has EP ever said she was for the JPM deal or the Fed's $29bn guarantee? Also, RB, it was Bear bondholders and stockholders who benefitted directly, not JPM. Also everyone with CDS exposure to Bear bonds. And a lot of other people. The Bear bailout by the Fed was wrong (illegal?), although I guess it's arguable whether there could have been another way and it certainly is preferable that the whole financial system doesn't collapse. I don't buy that it would have though. Frank's plan is worse, but an order of magnitude larger in size, minimum.

  4. 4

    A One on One game to 3? That's retarded.

  5. 5
    Posted 2008-02-27 17:09:29 on Credit Suisse Looking To Jump Loan Gun Again?

    Who has capacity or the desire to put in for $100mm tickets in the leveraged loan space? Anyone?

  6. 6
    Posted 2008-02-22 11:17:39 on Blog Roll Update: Send In Your Nominations

    I'd nominate that the blogroll be randomized on the front page so that the alphabetically challenged blogs aren't unfairly disadvantaged with respect to exposure! I am in favor of a new social realism! Also Tickersense seems like a really odd site to link, corporate blog for a research company and really not something I think any DB reader would be interested in compared to something like http://epicureandealmaker.blogspot.com/.

  7. 7

    Not to brag, but my prediction of "No show: 4 with faux spunk Show: 6 with genuine spunk" is looking pretty good.

  8. 8
    Posted 2008-01-16 15:37:47 on Hedge Fund Investment Starts To Dry Up

    But they are still IN-flows and still 100% better on a YOY basis. Circle back when/if there are out-flows.

  9. 9
    Posted 2008-01-16 15:29:07 on I’m Asking You For A Favor

    It's really a three-way negotiation (people get excited for it, but it's thoroughly underwhelming and overly complicated) between you, your publisher and the lovers. You are sandwiched between them. You need to make it clear to your publisher that you just won't be giving away a hotel room, but exchanging value (the value of the hotel room) for value (observer rights). This is key. There needs to representation by DB at every minute of the event, detailing the going on and reporting back what happens at the "board meeting" to the rest of the "shareholders". Thus, everyone can come out of the event satisfied, having been made whole. Also check that the hotel would not be in violation of any prostitution statues.

  10. 10
    Posted 2007-12-15 11:45:14 on Write-Offs: 12.14.07

    "Lots of volume (and great material) this week @ LoSC from JD, Juggles etc, significantly higher than in previous weeks, months, or quarters. Possibility that they've recently been liberated from the shackles of their [former] overlords, er employers?" We are all still gainfully employed. How could we be fired given our track record -- just think how much our overlords made from the Piratery related trades alone. Throw in the lemons, the limes, the squids and that fake E*Trade trade and we are basically Adam Sender, cubed, but like minus the horrible taste in art first before you cube us otherwise the result would be wonky and ill representative. Did anyone look at his collection? Proof positive that he sucks http://sendercollection.com/ It's almost exclusively the uber-trendy pop-shock art.

  11. 11

    This is geared towards effecting a manipulation of the leveraged loan market to generate momentum and clear more KKR deals and clear more debt off Citi's books. There is just not enough demand out there to absorb the overhang. If KKR did 30 of these total return swaps, then there would be enough.

  12. 12
    Posted 2007-08-02 13:47:29 on Generation Hotness or Notness?

    http://www.slate.com/id/2134007 That Slate article by Daniel Gross sums her up well.

  13. 13
    Posted 2006-12-20 15:57:27 on Let’s Get Ready To Rumble

    Where is the brouhaha? I think Dealbook was just saying that he/she doubts Drinky has a wife given Drinky's view on love and marriage. Which is probably true. But we would love to meet Dealbook in the octagon if it came to that. No eye gouging, no kidney punches and no low blows, three 10 minute rounds, and you can wear gi's. We train at Chute Box Academy.

  14. 14
    Posted 2006-11-09 16:39:19 on More Gratuitous Grameen Bashing

    NB- Irrefutable Fact #1: Who cares? Do you think the income generated off the float (which essentially represents what govs are compensating Grameen with) is spent worse than it would have been in typical foreign aid? Irrefutable Fact #2: PE firms don't need any L in their LBO's, and they put too much emphasis on it. Cash inflows from the sky can perform the same function as debt. Most economists are very very pro-micro credit. MarginalRevolution.com for one (http://www.marginalrevolution.com/marginalrevolution/2006/08/the_economics_o.html or you can search their site for any number of posts on it). The 3rd World is not an efficient capital market, and the avg 3rd worlder has no access to capital, even if they have decent collateral. In fact, most have no interaction with any banking system in their entire life. But beyond capital, debt serves the function of aligning interests more productively and with more focus on generating cash flow. Here is a real world example. Say Larry Ellison was worth $5bn, almost all in his company stock, and he had no debt. He wanted to buy a $4bn sex robot to rent out to his obscenely wealthy friends at $100mm per month. There was also an $8bn sex robot that he thought he could rent out at $20mm per month but he would have to finance it with 50% debt. Which one do you think he would operate more efficientlly? Obviously the debt finance sex robot. Point proven.

  15. 15

    That is a money shot. Wow. She should never take another photo, just distribute that one. Congrats. Also the vayner link is broken I think.

  16. 16
    Posted 2006-09-01 13:21:05 on Opening Bell: 9.1.06

    "I've heard of stories involving illegals with fake SS#s getting large no-doc mortgages. They make the teaser-rate I/O payments for the first few years, renting the house out to a large number of fellow illegals while working their normal jobs. They spent the last few years taking out HELOCs as the house's value skyrocketed, and funneled the cash out of the country. Then, when the ARM reset to a high fixed rate with principal payment, they skip the country, go back home and retire. Combine the ARM I/O mortgages with the outright fraud, and you have a very nasty surprise in the making. This could make the S&L crisis look like a minor tumble." You base a crisis comparable to the S&L scandals as likely to happen based on "stories" you have heard? How many illegals doing that involved, complicated and risky scheme would it take to cause something comparable to the S&L crisis? 1million? 2 million? Those houses still have inherent value, those loans still have collateral. It may not be worth as much as the loan, but hey, that happens. Get a grip La Chicken Petite.

  17. 17
    Posted 2006-08-10 10:15:16 on Will Office Pirates Sail Away?

    I don't understand why they would shut it down, unless they have way way over staffed it. It gets decent traffic and could be run with 6 people easily, banking $1mm+ in revenue (based on how it compares to some other sites in terms of PV's) assuming no growth. Of course, Time probably has 100 people working on it. It's also terrible but that's irrelevant to shutting it down. Why don't they just post stalker perv pictures solely? They would get much more traffic. The thing is tepid like sex with a geriatric.

  18. 18
    Posted 2006-06-29 06:08:56 on Warren Buffett Builds A Dynasty

    It makes perfect sense. People with smaller fortunes cannot endow their own foundation from scratch which is what is needed to be able to deliver lasting value to your family. This, and other reason, is why Carnegie lives on and the Albert Swearengen Foundation is nowhere to be seen.

  19. 19
    Posted 2006-06-23 08:19:53 on Ballmer Deputy Out At Microsoft

    ArsTechnica gets twice as much traffic as Gawker.com. It's also not a blogger, it's a tech new site started in 1997. http://www.alexaholic.com/arstechnica.com+gawker.com

  20. 20
    Posted 2006-05-31 07:46:55 on Enron Conviction Blacklash

    You just quoted a white British rapper. Just wanted to point out that your chav is showing.